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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
SHENANDOAH TELECOMMUNICATIONS CO is the larger business by last-quarter revenue ($91.6M vs $64.6M, roughly 1.4× ESTABLISHMENT LABS HOLDINGS INC.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs 7.2%). ESTABLISHMENT LABS HOLDINGS INC. produced more free cash flow last quarter ($-2.0M vs $-78.6M). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs 15.0%).
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.
Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.
ESTA vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $91.6M |
| Net Profit | — | $-5.4M |
| Gross Margin | 70.5% | — |
| Operating Margin | -6.1% | -1.0% |
| Net Margin | — | -5.9% |
| Revenue YoY | 45.2% | 7.2% |
| Net Profit YoY | — | -95.8% |
| EPS (diluted) | $-0.07 | $-0.13 |
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 | $91.6M | ||
| Q3 25 | $53.8M | $89.8M | ||
| Q2 25 | $51.3M | $88.6M | ||
| Q1 25 | $41.4M | $87.9M | ||
| Q4 24 | $44.5M | $85.4M | ||
| Q3 24 | $40.2M | $87.6M | ||
| Q2 24 | $44.1M | $85.8M | ||
| Q1 24 | $37.2M | $69.2M |
| Q4 25 | — | $-5.4M | ||
| Q3 25 | $-11.1M | $-9.4M | ||
| Q2 25 | $-16.6M | $-9.0M | ||
| Q1 25 | $-20.7M | $-9.1M | ||
| Q4 24 | — | $-2.7M | ||
| Q3 24 | $-16.7M | $-5.3M | ||
| Q2 24 | $-17.2M | $-12.9M | ||
| Q1 24 | $-16.2M | $214.7M |
| 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% | -1.0% | ||
| Q3 25 | -7.5% | -8.0% | ||
| Q2 25 | -27.5% | -10.3% | ||
| Q1 25 | -41.0% | -6.9% | ||
| Q4 24 | -41.9% | -6.7% | ||
| Q3 24 | -32.7% | -4.8% | ||
| Q2 24 | -21.2% | -18.5% | ||
| Q1 24 | -23.8% | -4.0% |
| Q4 25 | — | -5.9% | ||
| Q3 25 | -20.7% | -10.5% | ||
| Q2 25 | -32.3% | -10.2% | ||
| Q1 25 | -50.1% | -10.4% | ||
| Q4 24 | — | -3.2% | ||
| Q3 24 | -41.5% | -6.0% | ||
| Q2 24 | -38.9% | -15.0% | ||
| Q1 24 | -43.6% | 310.0% |
| Q4 25 | $-0.07 | $-0.13 | ||
| Q3 25 | $-0.38 | $-0.20 | ||
| Q2 25 | $-0.57 | $-0.19 | ||
| Q1 25 | $-0.70 | $-0.19 | ||
| Q4 24 | $-1.21 | $-0.34 | ||
| Q3 24 | $-0.59 | $-0.13 | ||
| Q2 24 | $-0.62 | $-0.24 | ||
| Q1 24 | $-0.58 | $4.25 |
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 | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | $23.5M | $880.8M |
| Total Assets | $357.2M | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | $27.3M | ||
| Q3 25 | $70.6M | $22.6M | ||
| Q2 25 | $54.6M | $29.1M | ||
| Q1 25 | $69.2M | $87.5M | ||
| Q4 24 | $90.3M | $46.3M | ||
| Q3 24 | — | $43.1M | ||
| Q2 24 | — | $43.8M | ||
| Q1 24 | — | $389.7M |
| Q4 25 | — | $642.4M | ||
| Q3 25 | — | $535.4M | ||
| Q2 25 | — | $513.1M | ||
| Q1 25 | — | $515.8M | ||
| Q4 24 | $0 | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M | ||
| Q1 24 | — | $298.7M |
| Q4 25 | $23.5M | $880.8M | ||
| Q3 25 | $16.4M | $892.7M | ||
| Q2 25 | $22.8M | $902.0M | ||
| Q1 25 | $38.5M | $910.5M | ||
| Q4 24 | $53.1M | $918.6M | ||
| Q3 24 | $32.7M | $925.4M | ||
| Q2 24 | $45.0M | $933.1M | ||
| Q1 24 | $56.9M | $871.6M |
| Q4 25 | $357.2M | $1.9B | ||
| Q3 25 | $338.9M | $1.9B | ||
| Q2 25 | $329.7M | $1.8B | ||
| Q1 25 | $333.4M | $1.8B | ||
| Q4 24 | $346.8M | $1.7B | ||
| Q3 24 | $282.7M | $1.7B | ||
| Q2 24 | $285.1M | $1.7B | ||
| Q1 24 | $301.8M | $1.4B |
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | 0.00× | 0.46× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.34× |
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 | $28.8M |
| Free Cash FlowOCF − Capex | $-2.0M | $-78.6M |
| FCF MarginFCF / Revenue | -3.1% | -85.8% |
| Capex IntensityCapex / Revenue | 2.8% | 117.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.9M | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-162.0K | $28.8M | ||
| Q3 25 | $-11.3M | $30.7M | ||
| Q2 25 | $-18.8M | $20.9M | ||
| Q1 25 | $-20.7M | $20.5M | ||
| Q4 24 | $-20.7M | $20.6M | ||
| Q3 24 | $-12.5M | $24.3M | ||
| Q2 24 | $-14.2M | $2.5M | ||
| Q1 24 | $-11.2M | $15.2M |
| Q4 25 | $-2.0M | $-78.6M | ||
| Q3 25 | $-13.1M | $-51.4M | ||
| Q2 25 | $-20.4M | $-65.3M | ||
| Q1 25 | $-21.5M | $-62.7M | ||
| Q4 24 | $-21.3M | $-72.0M | ||
| Q3 24 | $-13.9M | $-51.3M | ||
| Q2 24 | $-15.0M | $-78.3M | ||
| Q1 24 | $-14.5M | $-54.9M |
| Q4 25 | -3.1% | -85.8% | ||
| Q3 25 | -24.4% | -57.2% | ||
| Q2 25 | -39.7% | -73.7% | ||
| Q1 25 | -51.9% | -71.3% | ||
| Q4 24 | -47.8% | -84.3% | ||
| Q3 24 | -34.6% | -58.5% | ||
| Q2 24 | -33.9% | -91.3% | ||
| Q1 24 | -38.9% | -79.3% |
| Q4 25 | 2.8% | 117.2% | ||
| Q3 25 | 3.4% | 91.4% | ||
| Q2 25 | 3.2% | 97.3% | ||
| Q1 25 | 1.8% | 94.7% | ||
| Q4 24 | 1.2% | 108.4% | ||
| Q3 24 | 3.7% | 86.2% | ||
| Q2 24 | 1.8% | 94.2% | ||
| Q1 24 | 8.9% | 101.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESTA
Segment breakdown not available.
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
