vs
ESTABLISHMENT LABS HOLDINGS INC.（ESTA）与PDF SOLUTIONS INC（PDFS）财务数据对比。点击上方公司名可切换其他公司
ESTABLISHMENT LABS HOLDINGS INC.的季度营收约是PDF SOLUTIONS INC的1.0倍（$64.6M vs $62.4M），ESTABLISHMENT LABS HOLDINGS INC.同比增速更快（45.2% vs 24.6%），PDF SOLUTIONS INC自由现金流更多（$7.5M vs $-2.0M），过去两年ESTABLISHMENT LABS HOLDINGS INC.的营收复合增速更高（31.9% vs 22.9%）
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。
PDF Solutions Inc是一家总部位于美国加利福尼亚州圣克拉拉的跨国企业，主营软件业务与工程技术服务，目前在纳斯达克交易所挂牌上市，股票代码为PDFS。
ESTA vs PDFS — 直观对比
营收规模更大
ESTA
是对方的1.0倍
$62.4M
营收增速更快
ESTA
高出20.6%
24.6%
自由现金流更多
PDFS
多$9.5M
$-2.0M
两年增速更快
ESTA
近两年复合增速
22.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $64.6M | $62.4M |
| 净利润 | — | $-48.0K |
| 毛利率 | 70.5% | 72.9% |
| 营业利润率 | -6.1% | 5.5% |
| 净利率 | — | -0.1% |
| 营收同比 | 45.2% | 24.6% |
| 净利润同比 | — | -108.9% |
| 每股收益（稀释后） | $-0.07 | $0.00 |
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ESTAPDFS
| Q4 25 | $64.6M | $62.4M | ||
| Q3 25 | $53.8M | $57.1M | ||
| Q2 25 | $51.3M | $51.7M | ||
| Q1 25 | $41.4M | $47.8M | ||
| Q4 24 | $44.5M | $50.1M | ||
| Q3 24 | $40.2M | $46.4M | ||
| Q2 24 | $44.1M | $41.7M | ||
| Q1 24 | $37.2M | $41.3M |
净利润ESTAPDFS
| Q4 25 | — | $-48.0K | ||
| Q3 25 | $-11.1M | $1.3M | ||
| Q2 25 | $-16.6M | $1.1M | ||
| Q1 25 | $-20.7M | $-3.0M | ||
| Q4 24 | — | $539.0K | ||
| Q3 24 | $-16.7M | $2.2M | ||
| Q2 24 | $-17.2M | $1.7M | ||
| Q1 24 | $-16.2M | $-393.0K |
毛利率ESTAPDFS
| Q4 25 | 70.5% | 72.9% | ||
| Q3 25 | 70.1% | 72.3% | ||
| Q2 25 | 68.8% | 71.2% | ||
| Q1 25 | 67.2% | 72.9% | ||
| Q4 24 | 68.5% | 68.3% | ||
| Q3 24 | 63.9% | 73.1% | ||
| Q2 24 | 65.6% | 70.6% | ||
| Q1 24 | 65.6% | 67.3% |
营业利润率ESTAPDFS
| Q4 25 | -6.1% | 5.5% | ||
| Q3 25 | -7.5% | 8.5% | ||
| Q2 25 | -27.5% | 2.2% | ||
| Q1 25 | -41.0% | -7.4% | ||
| Q4 24 | -41.9% | 1.0% | ||
| Q3 24 | -32.7% | 4.6% | ||
| Q2 24 | -21.2% | 0.6% | ||
| Q1 24 | -23.8% | -4.7% |
净利率ESTAPDFS
| Q4 25 | — | -0.1% | ||
| Q3 25 | -20.7% | 2.3% | ||
| Q2 25 | -32.3% | 2.2% | ||
| Q1 25 | -50.1% | -6.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | -41.5% | 4.8% | ||
| Q2 24 | -38.9% | 4.1% | ||
| Q1 24 | -43.6% | -1.0% |
每股收益（稀释后）ESTAPDFS
| Q4 25 | $-0.07 | $0.00 | ||
| Q3 25 | $-0.38 | $0.03 | ||
| Q2 25 | $-0.57 | $0.03 | ||
| Q1 25 | $-0.70 | $-0.08 | ||
| Q4 24 | $-1.21 | $0.01 | ||
| Q3 24 | $-0.59 | $0.06 | ||
| Q2 24 | $-0.62 | $0.04 | ||
| Q1 24 | $-0.58 | $-0.01 |
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 | $42.2M |
| 总债务越低越好 | — | $67.0M |
| 股东权益账面价值 | $23.5M | $271.0M |
| 总资产 | $357.2M | $418.7M |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资ESTAPDFS
| Q4 25 | $75.6M | $42.2M | ||
| Q3 25 | $70.6M | $35.9M | ||
| Q2 25 | $54.6M | $40.4M | ||
| Q1 25 | $69.2M | $54.1M | ||
| Q4 24 | $90.3M | $114.9M | ||
| Q3 24 | — | $120.2M | ||
| Q2 24 | — | $117.9M | ||
| Q1 24 | — | $122.9M |
总债务ESTAPDFS
| Q4 25 | — | $67.0M | ||
| Q3 25 | — | $67.6M | ||
| Q2 25 | — | $68.1M | ||
| Q1 25 | — | $68.7M | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ESTAPDFS
| Q4 25 | $23.5M | $271.0M | ||
| Q3 25 | $16.4M | $264.4M | ||
| Q2 25 | $22.8M | $257.5M | ||
| Q1 25 | $38.5M | $249.0M | ||
| Q4 24 | $53.1M | $246.0M | ||
| Q3 24 | $32.7M | $240.5M | ||
| Q2 24 | $45.0M | $232.2M | ||
| Q1 24 | $56.9M | $225.4M |
总资产ESTAPDFS
| Q4 25 | $357.2M | $418.7M | ||
| Q3 25 | $338.9M | $406.4M | ||
| Q2 25 | $329.7M | $391.1M | ||
| Q1 25 | $333.4M | $390.0M | ||
| Q4 24 | $346.8M | $315.3M | ||
| Q3 24 | $282.7M | $307.4M | ||
| Q2 24 | $285.1M | $298.0M | ||
| Q1 24 | $301.8M | $286.8M |
负债/权益比ESTAPDFS
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.28× | ||
| 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 | $17.3M |
| 自由现金流经营现金流 - 资本支出 | $-2.0M | $7.5M |
| 自由现金流率自由现金流/营收 | -3.1% | 12.1% |
| 资本支出强度资本支出/营收 | 2.8% | 15.7% |
| 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 | $-8.6M |
8季度趋势，按日历期对齐
经营现金流ESTAPDFS
| Q4 25 | $-162.0K | $17.3M | ||
| Q3 25 | $-11.3M | $3.3M | ||
| Q2 25 | $-18.8M | $-5.2M | ||
| Q1 25 | $-20.7M | $8.6M | ||
| Q4 24 | $-20.7M | $1.6M | ||
| Q3 24 | $-12.5M | $9.3M | ||
| Q2 24 | $-14.2M | $684.0K | ||
| Q1 24 | $-11.2M | $-1.9M |
自由现金流ESTAPDFS
| Q4 25 | $-2.0M | $7.5M | ||
| Q3 25 | $-13.1M | $-2.9M | ||
| Q2 25 | $-20.4M | $-13.8M | ||
| Q1 25 | $-21.5M | $535.0K | ||
| Q4 24 | $-21.3M | $-4.0M | ||
| Q3 24 | $-13.9M | $5.1M | ||
| Q2 24 | $-15.0M | $-4.6M | ||
| Q1 24 | $-14.5M | $-3.9M |
自由现金流率ESTAPDFS
| Q4 25 | -3.1% | 12.1% | ||
| Q3 25 | -24.4% | -5.1% | ||
| Q2 25 | -39.7% | -26.6% | ||
| Q1 25 | -51.9% | 1.1% | ||
| Q4 24 | -47.8% | -8.0% | ||
| Q3 24 | -34.6% | 11.0% | ||
| Q2 24 | -33.9% | -11.1% | ||
| Q1 24 | -38.9% | -9.4% |
资本支出强度ESTAPDFS
| Q4 25 | 2.8% | 15.7% | ||
| Q3 25 | 3.4% | 10.8% | ||
| Q2 25 | 3.2% | 16.5% | ||
| Q1 25 | 1.8% | 17.0% | ||
| Q4 24 | 1.2% | 11.3% | ||
| Q3 24 | 3.7% | 9.0% | ||
| Q2 24 | 1.8% | 12.8% | ||
| Q1 24 | 8.9% | 4.9% |
现金转化率ESTAPDFS
| Q4 25 | — | — | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | -4.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.98× | ||
| Q3 24 | — | 4.20× | ||
| Q2 24 | — | 0.40× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ESTA
暂无分部数据
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
