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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and SolarMax Technology, Inc. (SMXT). Click either name above to swap in a different company.
ESTABLISHMENT LABS HOLDINGS INC. is the larger business by last-quarter revenue ($64.6M vs $46.6M, roughly 1.4× SolarMax Technology, Inc.). On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs 45.2%).
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.
SolarMax Technology, Inc. develops, manufactures and sells high-efficiency solar PV modules and clean energy systems. It serves residential, commercial and industrial clients in North America and key Asia-Pacific markets, offering installation and after-sales support to boost low-carbon energy use.
ESTA vs SMXT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $46.6M |
| Net Profit | — | $-872.2K |
| Gross Margin | 70.5% | 2.7% |
| Operating Margin | -6.1% | -2.7% |
| Net Margin | — | -1.9% |
| Revenue YoY | 45.2% | 623.5% |
| Net Profit YoY | — | 77.7% |
| EPS (diluted) | $-0.07 | $-0.02 |
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 | $46.6M | ||
| Q3 25 | $53.8M | $30.6M | ||
| Q2 25 | $51.3M | $6.9M | ||
| Q1 25 | $41.4M | $6.9M | ||
| Q4 24 | $44.5M | $6.4M | ||
| Q3 24 | $40.2M | $6.3M | ||
| Q2 24 | $44.1M | — | ||
| Q1 24 | $37.2M | — |
| Q4 25 | — | $-872.2K | ||
| Q3 25 | $-11.1M | $-2.3M | ||
| Q2 25 | $-16.6M | $-1.9M | ||
| Q1 25 | $-20.7M | $-1.3M | ||
| Q4 24 | — | $-3.9M | ||
| Q3 24 | $-16.7M | $-9.6M | ||
| Q2 24 | $-17.2M | — | ||
| Q1 24 | $-16.2M | — |
| Q4 25 | 70.5% | 2.7% | ||
| Q3 25 | 70.1% | 3.1% | ||
| Q2 25 | 68.8% | 8.8% | ||
| Q1 25 | 67.2% | 20.5% | ||
| Q4 24 | 68.5% | 14.5% | ||
| Q3 24 | 63.9% | 19.9% | ||
| Q2 24 | 65.6% | — | ||
| Q1 24 | 65.6% | — |
| Q4 25 | -6.1% | -2.7% | ||
| Q3 25 | -7.5% | -6.9% | ||
| Q2 25 | -27.5% | -25.7% | ||
| Q1 25 | -41.0% | -16.7% | ||
| Q4 24 | -41.9% | -27.9% | ||
| Q3 24 | -32.7% | -158.4% | ||
| Q2 24 | -21.2% | — | ||
| Q1 24 | -23.8% | — |
| Q4 25 | — | -1.9% | ||
| Q3 25 | -20.7% | -7.4% | ||
| Q2 25 | -32.3% | -27.6% | ||
| Q1 25 | -50.1% | -18.7% | ||
| Q4 24 | — | -60.6% | ||
| Q3 24 | -41.5% | -152.0% | ||
| Q2 24 | -38.9% | — | ||
| Q1 24 | -43.6% | — |
| Q4 25 | $-0.07 | $-0.02 | ||
| Q3 25 | $-0.38 | $-0.04 | ||
| Q2 25 | $-0.57 | $-0.04 | ||
| Q1 25 | $-0.70 | $-0.03 | ||
| Q4 24 | $-1.21 | $-0.07 | ||
| Q3 24 | $-0.59 | $-0.21 | ||
| Q2 24 | $-0.62 | — | ||
| Q1 24 | $-0.58 | — |
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 | $8.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $23.5M | $-12.2M |
| Total Assets | $357.2M | $91.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | $8.0M | ||
| Q3 25 | $70.6M | $5.7M | ||
| Q2 25 | $54.6M | $1.9M | ||
| Q1 25 | $69.2M | $6.8M | ||
| Q4 24 | $90.3M | $7.1M | ||
| Q3 24 | — | $8.6M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $23.5M | $-12.2M | ||
| Q3 25 | $16.4M | $-11.8M | ||
| Q2 25 | $22.8M | $-15.1M | ||
| Q1 25 | $38.5M | $-15.9M | ||
| Q4 24 | $53.1M | $-15.1M | ||
| Q3 24 | $32.7M | $-10.9M | ||
| Q2 24 | $45.0M | — | ||
| Q1 24 | $56.9M | — |
| Q4 25 | $357.2M | $91.3M | ||
| Q3 25 | $338.9M | $58.7M | ||
| Q2 25 | $329.7M | $38.2M | ||
| Q1 25 | $333.4M | $38.6M | ||
| Q4 24 | $346.8M | $38.6M | ||
| Q3 24 | $282.7M | $43.0M | ||
| Q2 24 | $285.1M | — | ||
| Q1 24 | $301.8M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-2.5M |
| Free Cash FlowOCF − Capex | $-2.0M | — |
| FCF MarginFCF / Revenue | -3.1% | — |
| Capex IntensityCapex / Revenue | 2.8% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-162.0K | $-2.5M | ||
| Q3 25 | $-11.3M | $3.4M | ||
| Q2 25 | $-18.8M | $220.7K | ||
| Q1 25 | $-20.7M | $-601.1K | ||
| Q4 24 | $-20.7M | $-1.3M | ||
| Q3 24 | $-12.5M | $203.6K | ||
| Q2 24 | $-14.2M | — | ||
| Q1 24 | $-11.2M | — |
| Q4 25 | $-2.0M | — | ||
| Q3 25 | $-13.1M | — | ||
| Q2 25 | $-20.4M | — | ||
| Q1 25 | $-21.5M | — | ||
| Q4 24 | $-21.3M | — | ||
| Q3 24 | $-13.9M | — | ||
| Q2 24 | $-15.0M | — | ||
| Q1 24 | $-14.5M | — |
| Q4 25 | -3.1% | — | ||
| Q3 25 | -24.4% | — | ||
| Q2 25 | -39.7% | — | ||
| Q1 25 | -51.9% | — | ||
| Q4 24 | -47.8% | — | ||
| Q3 24 | -34.6% | — | ||
| Q2 24 | -33.9% | — | ||
| Q1 24 | -38.9% | — |
| Q4 25 | 2.8% | — | ||
| Q3 25 | 3.4% | — | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 3.7% | 0.0% | ||
| Q2 24 | 1.8% | — | ||
| Q1 24 | 8.9% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESTA
Segment breakdown not available.
SMXT
| Yabucoa | $35.9M | 77% |
| Other | $10.7M | 23% |
