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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and P10, Inc. (PX). Click either name above to swap in a different company.
P10, Inc. is the larger business by last-quarter revenue ($81.0M vs $64.6M, roughly 1.3× ESTABLISHMENT LABS HOLDINGS INC.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs -4.7%). P10, Inc. produced more free cash flow last quarter ($18.1M vs $-2.0M). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs 10.7%).
Astera Labs, Inc. is an American fabless semiconductor manufacturer and artificial intelligence company. The company specializes in designing high-speed connectivity solutions for data centers and AI infrastructure. The company has been listed on the Nasdaq since March 2024.
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
ESTA vs PX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $81.0M |
| Net Profit | — | $9.5M |
| Gross Margin | 70.5% | — |
| Operating Margin | -6.1% | 31.9% |
| Net Margin | — | 11.7% |
| Revenue YoY | 45.2% | -4.7% |
| Net Profit YoY | — | 79.0% |
| EPS (diluted) | $-0.07 | $0.08 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $64.6M | $81.0M | ||
| Q3 25 | $53.8M | $75.9M | ||
| Q2 25 | $51.3M | $72.7M | ||
| Q1 25 | $41.4M | $67.7M | ||
| Q4 24 | $44.5M | $85.0M | ||
| Q3 24 | $40.2M | $74.2M | ||
| Q2 24 | $44.1M | $71.1M | ||
| Q1 24 | $37.2M | $66.1M |
| Q4 25 | — | $9.5M | ||
| Q3 25 | $-11.1M | $2.1M | ||
| Q2 25 | $-16.6M | $3.4M | ||
| Q1 25 | $-20.7M | $4.5M | ||
| Q4 24 | — | $5.3M | ||
| Q3 24 | $-16.7M | $1.4M | ||
| Q2 24 | $-17.2M | $7.0M | ||
| Q1 24 | $-16.2M | $5.0M |
| Q4 25 | 70.5% | — | ||
| Q3 25 | 70.1% | — | ||
| Q2 25 | 68.8% | — | ||
| Q1 25 | 67.2% | — | ||
| Q4 24 | 68.5% | — | ||
| Q3 24 | 63.9% | — | ||
| Q2 24 | 65.6% | — | ||
| Q1 24 | 65.6% | — |
| Q4 25 | -6.1% | 31.9% | ||
| Q3 25 | -7.5% | 14.1% | ||
| Q2 25 | -27.5% | 24.4% | ||
| Q1 25 | -41.0% | 16.6% | ||
| Q4 24 | -41.9% | 26.9% | ||
| Q3 24 | -32.7% | 11.9% | ||
| Q2 24 | -21.2% | 23.7% | ||
| Q1 24 | -23.8% | 18.3% |
| Q4 25 | — | 11.7% | ||
| Q3 25 | -20.7% | 2.8% | ||
| Q2 25 | -32.3% | 4.7% | ||
| Q1 25 | -50.1% | 6.7% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | -41.5% | 1.9% | ||
| Q2 24 | -38.9% | 9.8% | ||
| Q1 24 | -43.6% | 7.6% |
| Q4 25 | $-0.07 | $0.08 | ||
| Q3 25 | $-0.38 | $0.02 | ||
| Q2 25 | $-0.57 | $0.03 | ||
| Q1 25 | $-0.70 | $0.04 | ||
| Q4 24 | $-1.21 | $0.05 | ||
| Q3 24 | $-0.59 | $0.01 | ||
| Q2 24 | $-0.62 | $0.06 | ||
| Q1 24 | $-0.58 | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $75.6M | $28.2M |
| Total DebtLower is stronger | — | $373.2M |
| Stockholders' EquityBook value | $23.5M | $403.5M |
| Total Assets | $357.2M | $928.3M |
| Debt / EquityLower = less leverage | — | 0.93× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | $28.2M | ||
| Q3 25 | $70.6M | $40.0M | ||
| Q2 25 | $54.6M | $33.4M | ||
| Q1 25 | $69.2M | $74.4M | ||
| Q4 24 | $90.3M | $67.5M | ||
| Q3 24 | — | $61.5M | ||
| Q2 24 | — | $31.2M | ||
| Q1 24 | — | $29.0M |
| Q4 25 | — | $373.2M | ||
| Q3 25 | — | $393.4M | ||
| Q2 25 | — | $373.0M | ||
| Q1 25 | — | $357.2M | ||
| Q4 24 | $0 | $319.8M | ||
| Q3 24 | — | $319.4M | ||
| Q2 24 | — | $300.6M | ||
| Q1 24 | — | $314.0M |
| Q4 25 | $23.5M | $403.5M | ||
| Q3 25 | $16.4M | $396.8M | ||
| Q2 25 | $22.8M | $388.9M | ||
| Q1 25 | $38.5M | $374.3M | ||
| Q4 24 | $53.1M | $386.9M | ||
| Q3 24 | $32.7M | $394.1M | ||
| Q2 24 | $45.0M | $396.9M | ||
| Q1 24 | $56.9M | $400.1M |
| Q4 25 | $357.2M | $928.3M | ||
| Q3 25 | $338.9M | $936.0M | ||
| Q2 25 | $329.7M | $932.2M | ||
| Q1 25 | $333.4M | $877.4M | ||
| Q4 24 | $346.8M | $869.3M | ||
| Q3 24 | $282.7M | $857.0M | ||
| Q2 24 | $285.1M | $823.2M | ||
| Q1 24 | $301.8M | $832.8M |
| Q4 25 | — | 0.93× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 0.96× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | 0.00× | 0.83× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.78× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-162.0K | $23.0M |
| Free Cash FlowOCF − Capex | $-2.0M | $18.1M |
| FCF MarginFCF / Revenue | -3.1% | 22.3% |
| Capex IntensityCapex / Revenue | 2.8% | 6.0% |
| Cash ConversionOCF / Net Profit | — | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.9M | $14.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-162.0K | $23.0M | ||
| Q3 25 | $-11.3M | $-8.6M | ||
| Q2 25 | $-18.8M | $13.4M | ||
| Q1 25 | $-20.7M | $-4.7M | ||
| Q4 24 | $-20.7M | $101.0M | ||
| Q3 24 | $-12.5M | $27.5M | ||
| Q2 24 | $-14.2M | $34.8M | ||
| Q1 24 | $-11.2M | $11.0M |
| Q4 25 | $-2.0M | $18.1M | ||
| Q3 25 | $-13.1M | $-9.5M | ||
| Q2 25 | $-20.4M | $11.6M | ||
| Q1 25 | $-21.5M | $-6.0M | ||
| Q4 24 | $-21.3M | $96.6M | ||
| Q3 24 | $-13.9M | $25.2M | ||
| Q2 24 | $-15.0M | $33.9M | ||
| Q1 24 | $-14.5M | $10.7M |
| Q4 25 | -3.1% | 22.3% | ||
| Q3 25 | -24.4% | -12.6% | ||
| Q2 25 | -39.7% | 15.9% | ||
| Q1 25 | -51.9% | -8.9% | ||
| Q4 24 | -47.8% | 113.6% | ||
| Q3 24 | -34.6% | 34.0% | ||
| Q2 24 | -33.9% | 47.7% | ||
| Q1 24 | -38.9% | 16.2% |
| Q4 25 | 2.8% | 6.0% | ||
| Q3 25 | 3.4% | 1.2% | ||
| Q2 25 | 3.2% | 2.5% | ||
| Q1 25 | 1.8% | 1.9% | ||
| Q4 24 | 1.2% | 5.2% | ||
| Q3 24 | 3.7% | 3.0% | ||
| Q2 24 | 1.8% | 1.3% | ||
| Q1 24 | 8.9% | 0.4% |
| Q4 25 | — | 2.43× | ||
| Q3 25 | — | -4.01× | ||
| Q2 25 | — | 3.96× | ||
| Q1 25 | — | -1.05× | ||
| Q4 24 | — | 19.12× | ||
| Q3 24 | — | 19.54× | ||
| Q2 24 | — | 4.98× | ||
| Q1 24 | — | 2.18× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESTA
Segment breakdown not available.
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
