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ESTABLISHMENT LABS HOLDINGS INC.（ESTA）与Inogen Inc（INGN）财务数据对比。点击上方公司名可切换其他公司
Inogen Inc的季度营收约是ESTABLISHMENT LABS HOLDINGS INC.的1.1倍（$68.6M vs $64.6M）。ESTABLISHMENT LABS HOLDINGS INC.同比增速更快（45.2% vs 3.4%）。Inogen Inc自由现金流更多（$-1.9M vs $-2.0M）。过去两年ESTABLISHMENT LABS HOLDINGS INC.的营收复合增速更高（31.9% vs 4.2%）
Establishment Labs Holdings Inc.是一家总部位于美国的无晶圆厂半导体企业，同时专注于人工智能领域业务，核心为数据中心及AI基础设施研发高速连接解决方案，于2024年3月在纳斯达克挂牌上市。
Inogen Inc是一家专注于呼吸医疗设备领域的医疗科技企业，主要研发、生产和销售便携式制氧机及配套呼吸护理产品，面向北美、欧洲等地区需要长期氧疗的慢性呼吸系统疾病患者，服务居家及出行场景，提升用户生活质量。
ESTA vs INGN — 直观对比
营收规模更大
INGN
是对方的1.1倍
$64.6M
营收增速更快
ESTA
高出41.7%
3.4%
自由现金流更多
INGN
多$64.0K
$-2.0M
两年增速更快
ESTA
近两年复合增速
4.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $64.6M | $68.6M |
| 净利润 | — | — |
| 毛利率 | 70.5% | 51.4% |
| 营业利润率 | -6.1% | -13.6% |
| 净利率 | — | — |
| 营收同比 | 45.2% | 3.4% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-0.07 | $-0.26 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ESTAINGN
| Q4 25 | $64.6M | $68.6M | ||
| Q3 25 | $53.8M | $79.1M | ||
| Q2 25 | $51.3M | $79.2M | ||
| Q1 25 | $41.4M | $68.5M | ||
| Q4 24 | $44.5M | $66.3M | ||
| Q3 24 | $40.2M | $74.9M | ||
| Q2 24 | $44.1M | $74.4M | ||
| Q1 24 | $37.2M | $63.1M |
净利润ESTAINGN
| Q4 25 | — | — | ||
| Q3 25 | $-11.1M | $-5.3M | ||
| Q2 25 | $-16.6M | $-4.2M | ||
| Q1 25 | $-20.7M | $-6.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-16.7M | $-6.0M | ||
| Q2 24 | $-17.2M | $-5.6M | ||
| Q1 24 | $-16.2M | $-14.6M |
毛利率ESTAINGN
| Q4 25 | 70.5% | 51.4% | ||
| Q3 25 | 70.1% | 52.2% | ||
| Q2 25 | 68.8% | 52.2% | ||
| Q1 25 | 67.2% | 53.1% | ||
| Q4 24 | 68.5% | 54.7% | ||
| Q3 24 | 63.9% | 55.2% | ||
| Q2 24 | 65.6% | 57.4% | ||
| Q1 24 | 65.6% | 54.5% |
营业利润率ESTAINGN
| Q4 25 | -6.1% | -13.6% | ||
| Q3 25 | -7.5% | -9.0% | ||
| Q2 25 | -27.5% | -7.7% | ||
| Q1 25 | -41.0% | -11.2% | ||
| Q4 24 | -41.9% | -17.2% | ||
| Q3 24 | -32.7% | -10.4% | ||
| Q2 24 | -21.2% | -9.5% | ||
| Q1 24 | -23.8% | -25.8% |
净利率ESTAINGN
| Q4 25 | — | — | ||
| Q3 25 | -20.7% | -6.7% | ||
| Q2 25 | -32.3% | -5.2% | ||
| Q1 25 | -50.1% | -9.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | -41.5% | -8.0% | ||
| Q2 24 | -38.9% | -7.5% | ||
| Q1 24 | -43.6% | -23.1% |
每股收益（稀释后）ESTAINGN
| Q4 25 | $-0.07 | $-0.26 | ||
| Q3 25 | $-0.38 | $-0.20 | ||
| Q2 25 | $-0.57 | $-0.15 | ||
| Q1 25 | $-0.70 | $-0.25 | ||
| Q4 24 | $-1.21 | $-0.41 | ||
| Q3 24 | $-0.59 | $-0.25 | ||
| Q2 24 | $-0.62 | $-0.24 | ||
| Q1 24 | $-0.58 | $-0.62 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $75.6M | $103.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $23.5M | $192.2M |
| 总资产 | $357.2M | $298.6M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ESTAINGN
| Q4 25 | $75.6M | $103.7M | ||
| Q3 25 | $70.6M | $106.5M | ||
| Q2 25 | $54.6M | $103.7M | ||
| Q1 25 | $69.2M | $118.9M | ||
| Q4 24 | $90.3M | $113.8M | ||
| Q3 24 | — | $105.7M | ||
| Q2 24 | — | $97.9M | ||
| Q1 24 | — | $107.4M |
总债务ESTAINGN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ESTAINGN
| Q4 25 | $23.5M | $192.2M | ||
| Q3 25 | $16.4M | $197.2M | ||
| Q2 25 | $22.8M | $199.5M | ||
| Q1 25 | $38.5M | $198.0M | ||
| Q4 24 | $53.1M | $173.9M | ||
| Q3 24 | $32.7M | $185.4M | ||
| Q2 24 | $45.0M | $187.6M | ||
| Q1 24 | $56.9M | $191.9M |
总资产ESTAINGN
| Q4 25 | $357.2M | $298.6M | ||
| Q3 25 | $338.9M | $307.0M | ||
| Q2 25 | $329.7M | $312.0M | ||
| Q1 25 | $333.4M | $308.4M | ||
| Q4 24 | $346.8M | $296.2M | ||
| Q3 24 | $282.7M | $306.2M | ||
| Q2 24 | $285.1M | $308.9M | ||
| Q1 24 | $301.8M | $315.6M |
负债/权益比ESTAINGN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-162.0K | $-943.0K |
| 自由现金流经营现金流 - 资本支出 | $-2.0M | $-1.9M |
| 自由现金流率自由现金流/营收 | -3.1% | -2.8% |
| 资本支出强度资本支出/营收 | 2.8% | 1.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-56.9M | $-13.7M |
8季度趋势，按日历期对齐
经营现金流ESTAINGN
| Q4 25 | $-162.0K | $-943.0K | ||
| Q3 25 | $-11.3M | $2.2M | ||
| Q2 25 | $-18.8M | $4.3M | ||
| Q1 25 | $-20.7M | $-16.8M | ||
| Q4 24 | $-20.7M | $-3.0M | ||
| Q3 24 | $-12.5M | $7.0M | ||
| Q2 24 | $-14.2M | $6.7M | ||
| Q1 24 | $-11.2M | $-4.7M |
自由现金流ESTAINGN
| Q4 25 | $-2.0M | $-1.9M | ||
| Q3 25 | $-13.1M | $1.6M | ||
| Q2 25 | $-20.4M | $3.7M | ||
| Q1 25 | $-21.5M | $-17.1M | ||
| Q4 24 | $-21.3M | $-3.3M | ||
| Q3 24 | $-13.9M | $5.3M | ||
| Q2 24 | $-15.0M | $6.6M | ||
| Q1 24 | $-14.5M | $-6.1M |
自由现金流率ESTAINGN
| Q4 25 | -3.1% | -2.8% | ||
| Q3 25 | -24.4% | 2.0% | ||
| Q2 25 | -39.7% | 4.6% | ||
| Q1 25 | -51.9% | -24.9% | ||
| Q4 24 | -47.8% | -5.0% | ||
| Q3 24 | -34.6% | 7.1% | ||
| Q2 24 | -33.9% | 8.9% | ||
| Q1 24 | -38.9% | -9.6% |
资本支出强度ESTAINGN
| Q4 25 | 2.8% | 1.4% | ||
| Q3 25 | 3.4% | 0.7% | ||
| Q2 25 | 3.2% | 0.9% | ||
| Q1 25 | 1.8% | 0.4% | ||
| Q4 24 | 1.2% | 0.5% | ||
| Q3 24 | 3.7% | 2.2% | ||
| Q2 24 | 1.8% | 0.1% | ||
| Q1 24 | 8.9% | 2.1% |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
