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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Latham Group, Inc. is the larger business by last-quarter revenue ($100.0M vs $64.6M, roughly 1.5× ESTABLISHMENT LABS HOLDINGS INC.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs 14.5%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-2.0M). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs -4.9%).
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.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
ESTA vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $100.0M |
| Net Profit | — | $-7.0M |
| Gross Margin | 70.5% | 28.0% |
| Operating Margin | -6.1% | -10.7% |
| Net Margin | — | -7.0% |
| Revenue YoY | 45.2% | 14.5% |
| Net Profit YoY | — | 76.0% |
| EPS (diluted) | $-0.07 | $-0.06 |
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 | $100.0M | ||
| Q3 25 | $53.8M | $161.9M | ||
| Q2 25 | $51.3M | $172.6M | ||
| Q1 25 | $41.4M | $111.4M | ||
| Q4 24 | $44.5M | $87.3M | ||
| Q3 24 | $40.2M | $150.5M | ||
| Q2 24 | $44.1M | $160.1M | ||
| Q1 24 | $37.2M | $110.6M |
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $-11.1M | $8.1M | ||
| Q2 25 | $-16.6M | $16.0M | ||
| Q1 25 | $-20.7M | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $-16.7M | $5.9M | ||
| Q2 24 | $-17.2M | $13.3M | ||
| Q1 24 | $-16.2M | $-7.9M |
| Q4 25 | 70.5% | 28.0% | ||
| Q3 25 | 70.1% | 35.4% | ||
| Q2 25 | 68.8% | 37.1% | ||
| Q1 25 | 67.2% | 29.5% | ||
| Q4 24 | 68.5% | 24.6% | ||
| Q3 24 | 63.9% | 32.4% | ||
| Q2 24 | 65.6% | 33.1% | ||
| Q1 24 | 65.6% | 27.7% |
| Q4 25 | -6.1% | -10.7% | ||
| Q3 25 | -7.5% | 13.3% | ||
| Q2 25 | -27.5% | 14.3% | ||
| Q1 25 | -41.0% | -4.4% | ||
| Q4 24 | -41.9% | -14.9% | ||
| Q3 24 | -32.7% | 8.9% | ||
| Q2 24 | -21.2% | 12.5% | ||
| Q1 24 | -23.8% | -1.9% |
| Q4 25 | — | -7.0% | ||
| Q3 25 | -20.7% | 5.0% | ||
| Q2 25 | -32.3% | 9.3% | ||
| Q1 25 | -50.1% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | -41.5% | 3.9% | ||
| Q2 24 | -38.9% | 8.3% | ||
| Q1 24 | -43.6% | -7.1% |
| Q4 25 | $-0.07 | $-0.06 | ||
| Q3 25 | $-0.38 | $0.07 | ||
| Q2 25 | $-0.57 | $0.13 | ||
| Q1 25 | $-0.70 | $-0.05 | ||
| Q4 24 | $-1.21 | $-0.24 | ||
| Q3 24 | $-0.59 | $0.05 | ||
| Q2 24 | $-0.62 | $0.11 | ||
| Q1 24 | $-0.58 | $-0.07 |
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 | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $23.5M | $405.9M |
| Total Assets | $357.2M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | — | ||
| Q3 25 | $70.6M | — | ||
| Q2 25 | $54.6M | — | ||
| Q1 25 | $69.2M | — | ||
| Q4 24 | $90.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | $0 | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | $23.5M | $405.9M | ||
| Q3 25 | $16.4M | $408.4M | ||
| Q2 25 | $22.8M | $398.4M | ||
| Q1 25 | $38.5M | $381.1M | ||
| Q4 24 | $53.1M | $387.2M | ||
| Q3 24 | $32.7M | $416.6M | ||
| Q2 24 | $45.0M | $408.1M | ||
| Q1 24 | $56.9M | $391.8M |
| Q4 25 | $357.2M | $823.2M | ||
| Q3 25 | $338.9M | $844.4M | ||
| Q2 25 | $329.7M | $822.1M | ||
| Q1 25 | $333.4M | $824.6M | ||
| Q4 24 | $346.8M | $794.2M | ||
| Q3 24 | $282.7M | $853.4M | ||
| Q2 24 | $285.1M | $830.0M | ||
| Q1 24 | $301.8M | $808.6M |
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | 0.00× | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | $-2.0M | $14.1M |
| FCF MarginFCF / Revenue | -3.1% | 14.1% |
| Capex IntensityCapex / Revenue | 2.8% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.9M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-162.0K | $23.3M | ||
| Q3 25 | $-11.3M | $51.0M | ||
| Q2 25 | $-18.8M | $36.0M | ||
| Q1 25 | $-20.7M | $-46.9M | ||
| Q4 24 | $-20.7M | $6.2M | ||
| Q3 24 | $-12.5M | $37.2M | ||
| Q2 24 | $-14.2M | $52.4M | ||
| Q1 24 | $-11.2M | $-34.5M |
| Q4 25 | $-2.0M | $14.1M | ||
| Q3 25 | $-13.1M | $45.2M | ||
| Q2 25 | $-20.4M | $29.1M | ||
| Q1 25 | $-21.5M | $-50.3M | ||
| Q4 24 | $-21.3M | $-98.0K | ||
| Q3 24 | $-13.9M | $33.2M | ||
| Q2 24 | $-15.0M | $47.9M | ||
| Q1 24 | $-14.5M | $-39.9M |
| Q4 25 | -3.1% | 14.1% | ||
| Q3 25 | -24.4% | 27.9% | ||
| Q2 25 | -39.7% | 16.8% | ||
| Q1 25 | -51.9% | -45.2% | ||
| Q4 24 | -47.8% | -0.1% | ||
| Q3 24 | -34.6% | 22.1% | ||
| Q2 24 | -33.9% | 29.9% | ||
| Q1 24 | -38.9% | -36.0% |
| Q4 25 | 2.8% | 9.2% | ||
| Q3 25 | 3.4% | 3.6% | ||
| Q2 25 | 3.2% | 4.0% | ||
| Q1 25 | 1.8% | 3.1% | ||
| Q4 24 | 1.2% | 7.2% | ||
| Q3 24 | 3.7% | 2.7% | ||
| Q2 24 | 1.8% | 2.8% | ||
| Q1 24 | 8.9% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESTA
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
