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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
SMITH & WESSON BRANDS, INC. is the larger business by last-quarter revenue ($124.7M vs $64.6M, roughly 1.9× ESTABLISHMENT LABS HOLDINGS INC.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-2.0M). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs -4.8%).
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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
ESTA vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $124.7M |
| Net Profit | — | $1.9M |
| Gross Margin | 70.5% | 24.3% |
| Operating Margin | -6.1% | 3.3% |
| Net Margin | — | 1.5% |
| Revenue YoY | 45.2% | -3.9% |
| Net Profit YoY | — | -53.6% |
| EPS (diluted) | $-0.07 | $0.04 |
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 | $124.7M | ||
| Q3 25 | $53.8M | $85.1M | ||
| Q2 25 | $51.3M | $140.8M | ||
| Q1 25 | $41.4M | $115.9M | ||
| Q4 24 | $44.5M | $129.7M | ||
| Q3 24 | $40.2M | $88.3M | ||
| Q2 24 | $44.1M | $159.1M | ||
| Q1 24 | $37.2M | $137.5M |
| Q4 25 | — | $1.9M | ||
| Q3 25 | $-11.1M | $-3.4M | ||
| Q2 25 | $-16.6M | $8.6M | ||
| Q1 25 | $-20.7M | $2.1M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | $-16.7M | $-1.9M | ||
| Q2 24 | $-17.2M | $27.9M | ||
| Q1 24 | $-16.2M | $7.9M |
| Q4 25 | 70.5% | 24.3% | ||
| Q3 25 | 70.1% | 25.9% | ||
| Q2 25 | 68.8% | 28.8% | ||
| Q1 25 | 67.2% | 24.1% | ||
| Q4 24 | 68.5% | 26.6% | ||
| Q3 24 | 63.9% | 27.4% | ||
| Q2 24 | 65.6% | 35.5% | ||
| Q1 24 | 65.6% | 28.7% |
| Q4 25 | -6.1% | 3.3% | ||
| Q3 25 | -7.5% | -3.5% | ||
| Q2 25 | -27.5% | 9.3% | ||
| Q1 25 | -41.0% | 4.1% | ||
| Q4 24 | -41.9% | 5.8% | ||
| Q3 24 | -32.7% | -1.7% | ||
| Q2 24 | -21.2% | 17.4% | ||
| Q1 24 | -23.8% | 8.2% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | -20.7% | -4.0% | ||
| Q2 25 | -32.3% | 6.1% | ||
| Q1 25 | -50.1% | 1.8% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | -41.5% | -2.1% | ||
| Q2 24 | -38.9% | 17.5% | ||
| Q1 24 | -43.6% | 5.7% |
| Q4 25 | $-0.07 | $0.04 | ||
| Q3 25 | $-0.38 | $-0.08 | ||
| Q2 25 | $-0.57 | $0.19 | ||
| Q1 25 | $-0.70 | $0.05 | ||
| Q4 24 | $-1.21 | $0.10 | ||
| Q3 24 | $-0.59 | $-0.04 | ||
| Q2 24 | $-0.62 | $0.60 | ||
| Q1 24 | $-0.58 | $0.17 |
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 | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $23.5M | $363.2M |
| Total Assets | $357.2M | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | $22.4M | ||
| Q3 25 | $70.6M | $18.0M | ||
| Q2 25 | $54.6M | $25.2M | ||
| Q1 25 | $69.2M | $26.7M | ||
| Q4 24 | $90.3M | $39.1M | ||
| Q3 24 | — | $35.5M | ||
| Q2 24 | — | $60.8M | ||
| Q1 24 | — | $47.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $23.5M | $363.2M | ||
| Q3 25 | $16.4M | $364.4M | ||
| Q2 25 | $22.8M | $372.5M | ||
| Q1 25 | $38.5M | $366.9M | ||
| Q4 24 | $53.1M | $371.5M | ||
| Q3 24 | $32.7M | $380.0M | ||
| Q2 24 | $45.0M | $399.9M | ||
| Q1 24 | $56.9M | $376.4M |
| Q4 25 | $357.2M | $548.6M | ||
| Q3 25 | $338.9M | $554.6M | ||
| Q2 25 | $329.7M | $559.6M | ||
| Q1 25 | $333.4M | $578.9M | ||
| Q4 24 | $346.8M | $587.4M | ||
| Q3 24 | $282.7M | $571.3M | ||
| Q2 24 | $285.1M | $577.4M | ||
| Q1 24 | $301.8M | $570.6M |
| 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 | $27.3M |
| Free Cash FlowOCF − Capex | $-2.0M | $16.3M |
| FCF MarginFCF / Revenue | -3.1% | 13.1% |
| Capex IntensityCapex / Revenue | 2.8% | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.9M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-162.0K | $27.3M | ||
| Q3 25 | $-11.3M | $-8.1M | ||
| Q2 25 | $-18.8M | $40.8M | ||
| Q1 25 | $-20.7M | $-9.8M | ||
| Q4 24 | $-20.7M | $-7.4M | ||
| Q3 24 | $-12.5M | $-30.8M | ||
| Q2 24 | $-14.2M | $43.7M | ||
| Q1 24 | $-11.2M | $25.2M |
| Q4 25 | $-2.0M | $16.3M | ||
| Q3 25 | $-13.1M | $-12.4M | ||
| Q2 25 | $-20.4M | $33.5M | ||
| Q1 25 | $-21.5M | $-16.1M | ||
| Q4 24 | $-21.3M | $-10.7M | ||
| Q3 24 | $-13.9M | $-35.5M | ||
| Q2 24 | $-15.0M | $38.2M | ||
| Q1 24 | $-14.5M | $7.0M |
| Q4 25 | -3.1% | 13.1% | ||
| Q3 25 | -24.4% | -14.6% | ||
| Q2 25 | -39.7% | 23.8% | ||
| Q1 25 | -51.9% | -13.9% | ||
| Q4 24 | -47.8% | -8.3% | ||
| Q3 24 | -34.6% | -40.2% | ||
| Q2 24 | -33.9% | 24.0% | ||
| Q1 24 | -38.9% | 5.1% |
| Q4 25 | 2.8% | 8.8% | ||
| Q3 25 | 3.4% | 5.0% | ||
| Q2 25 | 3.2% | 5.2% | ||
| Q1 25 | 1.8% | 5.4% | ||
| Q4 24 | 1.2% | 2.5% | ||
| Q3 24 | 3.7% | 5.3% | ||
| Q2 24 | 1.8% | 3.5% | ||
| Q1 24 | 8.9% | 13.2% |
| Q4 25 | — | 14.22× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.73× | ||
| Q1 25 | — | -4.68× | ||
| Q4 24 | — | -1.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.57× | ||
| Q1 24 | — | 3.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
