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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
Target Hospitality Corp. is the larger business by last-quarter revenue ($73.5M vs $64.6M, roughly 1.1× ESTABLISHMENT LABS HOLDINGS INC.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs 22.0%). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs 0.7%).
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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
ESTA vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $73.5M |
| Net Profit | — | $-14.9M |
| Gross Margin | 70.5% | 9.6% |
| Operating Margin | -6.1% | -22.9% |
| Net Margin | — | -20.3% |
| Revenue YoY | 45.2% | 22.0% |
| Net Profit YoY | — | -219.1% |
| EPS (diluted) | $-0.07 | $-0.14 |
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 | $73.5M | ||
| Q3 25 | $53.8M | $91.6M | ||
| Q2 25 | $51.3M | $54.9M | ||
| Q1 25 | $41.4M | $54.9M | ||
| Q4 24 | $44.5M | $60.2M | ||
| Q3 24 | $40.2M | $65.8M | ||
| Q2 24 | $44.1M | $67.5M | ||
| Q1 24 | $37.2M | $72.4M |
| Q4 25 | — | $-14.9M | ||
| Q3 25 | $-11.1M | $-795.0K | ||
| Q2 25 | $-16.6M | $-14.9M | ||
| Q1 25 | $-20.7M | $-6.5M | ||
| Q4 24 | — | $12.5M | ||
| Q3 24 | $-16.7M | $20.0M | ||
| Q2 24 | $-17.2M | $18.4M | ||
| Q1 24 | $-16.2M | $20.4M |
| Q4 25 | 70.5% | 9.6% | ||
| Q3 25 | 70.1% | 19.6% | ||
| Q2 25 | 68.8% | -0.6% | ||
| Q1 25 | 67.2% | 32.7% | ||
| Q4 24 | 68.5% | 61.5% | ||
| Q3 24 | 63.9% | 68.7% | ||
| Q2 24 | 65.6% | 69.4% | ||
| Q1 24 | 65.6% | 67.8% |
| Q4 25 | -6.1% | -22.9% | ||
| Q3 25 | -7.5% | 0.1% | ||
| Q2 25 | -27.5% | -30.8% | ||
| Q1 25 | -41.0% | -2.0% | ||
| Q4 24 | -41.9% | 34.5% | ||
| Q3 24 | -32.7% | 42.5% | ||
| Q2 24 | -21.2% | 43.8% | ||
| Q1 24 | -23.8% | 42.0% |
| Q4 25 | — | -20.3% | ||
| Q3 25 | -20.7% | -0.9% | ||
| Q2 25 | -32.3% | -27.2% | ||
| Q1 25 | -50.1% | -11.8% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | -41.5% | 30.4% | ||
| Q2 24 | -38.9% | 27.2% | ||
| Q1 24 | -43.6% | 28.2% |
| Q4 25 | $-0.07 | $-0.14 | ||
| Q3 25 | $-0.38 | $-0.01 | ||
| Q2 25 | $-0.57 | $-0.15 | ||
| Q1 25 | $-0.70 | $-0.07 | ||
| Q4 24 | $-1.21 | $0.12 | ||
| Q3 24 | $-0.59 | $0.20 | ||
| Q2 24 | $-0.62 | $0.18 | ||
| Q1 24 | $-0.58 | $0.20 |
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 | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $23.5M | $389.3M |
| Total Assets | $357.2M | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | $8.3M | ||
| Q3 25 | $70.6M | $30.4M | ||
| Q2 25 | $54.6M | $19.2M | ||
| Q1 25 | $69.2M | $34.5M | ||
| Q4 24 | $90.3M | $190.7M | ||
| Q3 24 | — | $177.7M | ||
| Q2 24 | — | $154.3M | ||
| Q1 24 | — | $124.3M |
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | $0 | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | — | $179.9M |
| Q4 25 | $23.5M | $389.3M | ||
| Q3 25 | $16.4M | $402.4M | ||
| Q2 25 | $22.8M | $401.3M | ||
| Q1 25 | $38.5M | $415.3M | ||
| Q4 24 | $53.1M | $421.1M | ||
| Q3 24 | $32.7M | $417.6M | ||
| Q2 24 | $45.0M | $397.2M | ||
| Q1 24 | $56.9M | $375.5M |
| Q4 25 | $357.2M | $530.2M | ||
| Q3 25 | $338.9M | $541.2M | ||
| Q2 25 | $329.7M | $533.7M | ||
| Q1 25 | $333.4M | $562.5M | ||
| Q4 24 | $346.8M | $725.8M | ||
| Q3 24 | $282.7M | $709.8M | ||
| Q2 24 | $285.1M | $697.0M | ||
| Q1 24 | $301.8M | $687.2M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | 0.00× | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.48× |
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 | $5.7M |
| 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 | $5.7M | ||
| Q3 25 | $-11.3M | $53.4M | ||
| Q2 25 | $-18.8M | $11.1M | ||
| Q1 25 | $-20.7M | $3.9M | ||
| Q4 24 | $-20.7M | $30.6M | ||
| Q3 24 | $-12.5M | $31.4M | ||
| Q2 24 | $-14.2M | $39.1M | ||
| Q1 24 | $-11.2M | $50.6M |
| Q4 25 | $-2.0M | — | ||
| Q3 25 | $-13.1M | — | ||
| Q2 25 | $-20.4M | — | ||
| Q1 25 | $-21.5M | $-11.6M | ||
| 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% | -21.1% | ||
| 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% | 28.2% | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 1.8% | — | ||
| Q1 24 | 8.9% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | — | 2.13× | ||
| Q1 24 | — | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESTA
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
