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ESTABLISHMENT LABS HOLDINGS INC.（ESTA）与RBB Bancorp（RBB）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RBB Bancorp的2.0倍（$64.6M vs $32.3M），ESTABLISHMENT LABS HOLDINGS INC.同比增速更快（45.2% vs 12.6%），RBB Bancorp自由现金流更多（$42.6M vs $-2.0M），过去两年ESTABLISHMENT LABS HOLDINGS INC.的营收复合增速更高（31.9% vs 7.0%）
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。
RBB银行控股公司是总部位于美国的金融控股集团，旗下核心主体为皇家商业银行，主要服务亚裔社群、中小微企业、不动产投资者及零售客户，提供商业信贷、储蓄存款、财富管理等多元金融服务，业务覆盖美国沿海核心都会区。
ESTA vs RBB — 直观对比
营收规模更大
ESTA
是对方的2.0倍
$32.3M
营收增速更快
ESTA
高出32.6%
12.6%
自由现金流更多
RBB
多$44.6M
$-2.0M
两年增速更快
ESTA
近两年复合增速
7.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $64.6M | $32.3M |
| 净利润 | — | $10.2M |
| 毛利率 | 70.5% | — |
| 营业利润率 | -6.1% | 39.5% |
| 净利率 | — | 31.5% |
| 营收同比 | 45.2% | 12.6% |
| 净利润同比 | — | 132.1% |
| 每股收益（稀释后） | $-0.07 | $0.59 |
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ESTARBB
| Q4 25 | $64.6M | $32.3M | ||
| Q3 25 | $53.8M | $32.6M | ||
| Q2 25 | $51.3M | $35.8M | ||
| Q1 25 | $41.4M | $28.5M | ||
| Q4 24 | $44.5M | $28.7M | ||
| Q3 24 | $40.2M | $30.3M | ||
| Q2 24 | $44.1M | $27.5M | ||
| Q1 24 | $37.2M | $28.2M |
净利润ESTARBB
| Q4 25 | — | $10.2M | ||
| Q3 25 | $-11.1M | $10.1M | ||
| Q2 25 | $-16.6M | $9.3M | ||
| Q1 25 | $-20.7M | $2.3M | ||
| Q4 24 | — | $4.4M | ||
| Q3 24 | $-16.7M | $7.0M | ||
| Q2 24 | $-17.2M | $7.2M | ||
| Q1 24 | $-16.2M | $8.0M |
毛利率ESTARBB
| Q4 25 | 70.5% | — | ||
| Q3 25 | 70.1% | — | ||
| Q2 25 | 68.8% | — | ||
| Q1 25 | 67.2% | — | ||
| Q4 24 | 68.5% | — | ||
| Q3 24 | 63.9% | — | ||
| Q2 24 | 65.6% | — | ||
| Q1 24 | 65.6% | — |
营业利润率ESTARBB
| Q4 25 | -6.1% | 39.5% | ||
| Q3 25 | -7.5% | 40.7% | ||
| Q2 25 | -27.5% | 36.1% | ||
| Q1 25 | -41.0% | 11.2% | ||
| Q4 24 | -41.9% | 17.6% | ||
| Q3 24 | -32.7% | 31.6% | ||
| Q2 24 | -21.2% | 35.6% | ||
| Q1 24 | -23.8% | 39.9% |
净利率ESTARBB
| Q4 25 | — | 31.5% | ||
| Q3 25 | -20.7% | 31.2% | ||
| Q2 25 | -32.3% | 26.1% | ||
| Q1 25 | -50.1% | 8.0% | ||
| Q4 24 | — | 15.3% | ||
| Q3 24 | -41.5% | 23.1% | ||
| Q2 24 | -38.9% | 26.4% | ||
| Q1 24 | -43.6% | 28.4% |
每股收益（稀释后）ESTARBB
| Q4 25 | $-0.07 | $0.59 | ||
| Q3 25 | $-0.38 | $0.59 | ||
| Q2 25 | $-0.57 | $0.52 | ||
| Q1 25 | $-0.70 | $0.13 | ||
| Q4 24 | $-1.21 | $0.26 | ||
| Q3 24 | $-0.59 | $0.39 | ||
| Q2 24 | $-0.62 | $0.39 | ||
| Q1 24 | $-0.58 | $0.43 |
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 | $212.3M |
| 总债务越低越好 | — | $119.9M |
| 股东权益账面价值 | $23.5M | $523.4M |
| 总资产 | $357.2M | $4.2B |
| 负债/权益比越低杠杆越低 | — | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资ESTARBB
| Q4 25 | $75.6M | $212.3M | ||
| Q3 25 | $70.6M | $234.9M | ||
| Q2 25 | $54.6M | $191.9M | ||
| Q1 25 | $69.2M | $238.8M | ||
| Q4 24 | $90.3M | $257.7M | ||
| Q3 24 | — | $349.4M | ||
| Q2 24 | — | $252.8M | ||
| Q1 24 | — | — |
总债务ESTARBB
| Q4 25 | — | $119.9M | ||
| Q3 25 | — | $119.8M | ||
| Q2 25 | — | $119.7M | ||
| Q1 25 | — | $119.6M | ||
| Q4 24 | $0 | $119.5M | ||
| Q3 24 | — | $119.4M | ||
| Q2 24 | — | $119.3M | ||
| Q1 24 | — | $119.2M |
股东权益ESTARBB
| Q4 25 | $23.5M | $523.4M | ||
| Q3 25 | $16.4M | $514.3M | ||
| Q2 25 | $22.8M | $517.7M | ||
| Q1 25 | $38.5M | $510.3M | ||
| Q4 24 | $53.1M | $507.9M | ||
| Q3 24 | $32.7M | $509.7M | ||
| Q2 24 | $45.0M | $511.3M | ||
| Q1 24 | $56.9M | $514.0M |
总资产ESTARBB
| Q4 25 | $357.2M | $4.2B | ||
| Q3 25 | $338.9M | $4.2B | ||
| Q2 25 | $329.7M | $4.1B | ||
| Q1 25 | $333.4M | $4.0B | ||
| Q4 24 | $346.8M | $4.0B | ||
| Q3 24 | $282.7M | $4.0B | ||
| Q2 24 | $285.1M | $3.9B | ||
| Q1 24 | $301.8M | $3.9B |
负债/权益比ESTARBB
| Q4 25 | — | 0.23× | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.23× | ||
| Q4 24 | 0.00× | 0.24× | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.23× |
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 | $43.4M |
| 自由现金流经营现金流 - 资本支出 | $-2.0M | $42.6M |
| 自由现金流率自由现金流/营收 | -3.1% | 131.8% |
| 资本支出强度资本支出/营收 | 2.8% | 2.5% |
| 现金转化率经营现金流/净利润 | — | 4.26× |
| 过去12个月自由现金流最近4个季度 | $-56.9M | $73.5M |
8季度趋势，按日历期对齐
经营现金流ESTARBB
| Q4 25 | $-162.0K | $43.4M | ||
| Q3 25 | $-11.3M | $2.1M | ||
| Q2 25 | $-18.8M | $21.7M | ||
| Q1 25 | $-20.7M | $7.8M | ||
| Q4 24 | $-20.7M | $58.5M | ||
| Q3 24 | $-12.5M | $24.5M | ||
| Q2 24 | $-14.2M | $11.7M | ||
| Q1 24 | $-11.2M | $4.8M |
自由现金流ESTARBB
| Q4 25 | $-2.0M | $42.6M | ||
| Q3 25 | $-13.1M | $1.8M | ||
| Q2 25 | $-20.4M | $21.6M | ||
| Q1 25 | $-21.5M | $7.6M | ||
| Q4 24 | $-21.3M | $57.7M | ||
| Q3 24 | $-13.9M | $24.2M | ||
| Q2 24 | $-15.0M | $11.5M | ||
| Q1 24 | $-14.5M | $4.7M |
自由现金流率ESTARBB
| Q4 25 | -3.1% | 131.8% | ||
| Q3 25 | -24.4% | 5.4% | ||
| Q2 25 | -39.7% | 60.2% | ||
| Q1 25 | -51.9% | 26.7% | ||
| Q4 24 | -47.8% | 201.0% | ||
| Q3 24 | -34.6% | 80.0% | ||
| Q2 24 | -33.9% | 42.0% | ||
| Q1 24 | -38.9% | 16.6% |
资本支出强度ESTARBB
| Q4 25 | 2.8% | 2.5% | ||
| Q3 25 | 3.4% | 1.1% | ||
| Q2 25 | 3.2% | 0.3% | ||
| Q1 25 | 1.8% | 0.6% | ||
| Q4 24 | 1.2% | 2.7% | ||
| Q3 24 | 3.7% | 0.8% | ||
| Q2 24 | 1.8% | 0.5% | ||
| Q1 24 | 8.9% | 0.5% |
现金转化率ESTARBB
| Q4 25 | — | 4.26× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 2.32× | ||
| Q1 25 | — | 3.39× | ||
| Q4 24 | — | 13.34× | ||
| Q3 24 | — | 3.50× | ||
| Q2 24 | — | 1.61× | ||
| Q1 24 | — | 0.60× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
