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ESTABLISHMENT LABS HOLDINGS INC.（ESTA）与READING INTERNATIONAL INC（RDI）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READING INTERNATIONAL INC的1.3倍（$64.6M vs $50.3M），ESTABLISHMENT LABS HOLDINGS INC.同比增速更快（45.2% vs -14.2%），READING INTERNATIONAL INC自由现金流更多（$4.1M vs $-2.0M），过去两年ESTABLISHMENT LABS HOLDINGS INC.的营收复合增速更高（31.9% vs 5.6%）
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。
雷丁公司是总部位于美国费城的铁路企业，1924年起在宾夕法尼亚州东部及周边各州提供客运与货运运输服务，直至1976年被联合铁路公司收购。
ESTA vs RDI — 直观对比
营收规模更大
ESTA
是对方的1.3倍
$50.3M
营收增速更快
ESTA
高出59.3%
-14.2%
自由现金流更多
RDI
多$6.1M
$-2.0M
两年增速更快
ESTA
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $64.6M | $50.3M |
| 净利润 | — | $-2.6M |
| 毛利率 | 70.5% | — |
| 营业利润率 | -6.1% | -1.9% |
| 净利率 | — | -5.1% |
| 营收同比 | 45.2% | -14.2% |
| 净利润同比 | — | -14.5% |
| 每股收益（稀释后） | $-0.07 | $-0.11 |
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ESTARDI
| Q4 25 | $64.6M | $50.3M | ||
| Q3 25 | $53.8M | $52.2M | ||
| Q2 25 | $51.3M | $60.4M | ||
| Q1 25 | $41.4M | $40.2M | ||
| Q4 24 | $44.5M | $58.6M | ||
| Q3 24 | $40.2M | $60.1M | ||
| Q2 24 | $44.1M | $46.8M | ||
| Q1 24 | $37.2M | $45.1M |
净利润ESTARDI
| Q4 25 | — | $-2.6M | ||
| Q3 25 | $-11.1M | $-4.2M | ||
| Q2 25 | $-16.6M | $-2.7M | ||
| Q1 25 | $-20.7M | $-4.8M | ||
| Q4 24 | — | $-2.2M | ||
| Q3 24 | $-16.7M | $-7.0M | ||
| Q2 24 | $-17.2M | $-12.8M | ||
| Q1 24 | $-16.2M | $-13.2M |
毛利率ESTARDI
| 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ESTARDI
| Q4 25 | -6.1% | -1.9% | ||
| Q3 25 | -7.5% | -0.6% | ||
| Q2 25 | -27.5% | 4.8% | ||
| Q1 25 | -41.0% | -17.2% | ||
| Q4 24 | -41.9% | 2.6% | ||
| Q3 24 | -32.7% | -0.6% | ||
| Q2 24 | -21.2% | -16.4% | ||
| Q1 24 | -23.8% | -16.7% |
净利率ESTARDI
| Q4 25 | — | -5.1% | ||
| Q3 25 | -20.7% | -8.0% | ||
| Q2 25 | -32.3% | -4.4% | ||
| Q1 25 | -50.1% | -11.8% | ||
| Q4 24 | — | -3.8% | ||
| Q3 24 | -41.5% | -11.7% | ||
| Q2 24 | -38.9% | -27.4% | ||
| Q1 24 | -43.6% | -29.4% |
每股收益（稀释后）ESTARDI
| Q4 25 | $-0.07 | $-0.11 | ||
| Q3 25 | $-0.38 | $-0.18 | ||
| Q2 25 | $-0.57 | $-0.12 | ||
| Q1 25 | $-0.70 | $-0.21 | ||
| Q4 24 | $-1.21 | $-0.11 | ||
| Q3 24 | $-0.59 | $-0.31 | ||
| Q2 24 | $-0.62 | $-0.57 | ||
| Q1 24 | $-0.58 | $-0.59 |
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 | $10.5M |
| 总债务越低越好 | — | $185.1M |
| 股东权益账面价值 | $23.5M | $-18.2M |
| 总资产 | $357.2M | $434.9M |
| 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ESTARDI
| Q4 25 | $75.6M | $10.5M | ||
| Q3 25 | $70.6M | $8.1M | ||
| Q2 25 | $54.6M | $9.1M | ||
| Q1 25 | $69.2M | $5.9M | ||
| Q4 24 | $90.3M | $12.4M | ||
| Q3 24 | — | $10.1M | ||
| Q2 24 | — | $9.3M | ||
| Q1 24 | — | $7.5M |
总债务ESTARDI
| Q4 25 | — | $185.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | $202.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ESTARDI
| Q4 25 | $23.5M | $-18.2M | ||
| Q3 25 | $16.4M | $-12.1M | ||
| Q2 25 | $22.8M | $-7.7M | ||
| Q1 25 | $38.5M | $-8.1M | ||
| Q4 24 | $53.1M | $-4.4M | ||
| Q3 24 | $32.7M | $1.6M | ||
| Q2 24 | $45.0M | $6.5M | ||
| Q1 24 | $56.9M | $18.0M |
总资产ESTARDI
| Q4 25 | $357.2M | $434.9M | ||
| Q3 25 | $338.9M | $435.2M | ||
| Q2 25 | $329.7M | $438.1M | ||
| Q1 25 | $333.4M | $441.0M | ||
| Q4 24 | $346.8M | $471.0M | ||
| Q3 24 | $282.7M | $495.7M | ||
| Q2 24 | $285.1M | $494.9M | ||
| Q1 24 | $301.8M | $494.9M |
负债/权益比ESTARDI
| 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 | $4.3M |
| 自由现金流经营现金流 - 资本支出 | $-2.0M | $4.1M |
| 自由现金流率自由现金流/营收 | -3.1% | 8.2% |
| 资本支出强度资本支出/营收 | 2.8% | 0.3% |
| 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 | $-2.9M |
8季度趋势，按日历期对齐
经营现金流ESTARDI
| Q4 25 | $-162.0K | $4.3M | ||
| Q3 25 | $-11.3M | $295.0K | ||
| Q2 25 | $-18.8M | $1.6M | ||
| Q1 25 | $-20.7M | $-7.7M | ||
| Q4 24 | $-20.7M | $8.0M | ||
| Q3 24 | $-12.5M | $1.3M | ||
| Q2 24 | $-14.2M | $-10.4M | ||
| Q1 24 | $-11.2M | $-2.8M |
自由现金流ESTARDI
| Q4 25 | $-2.0M | $4.1M | ||
| Q3 25 | $-13.1M | $-246.0K | ||
| Q2 25 | $-20.4M | $1.2M | ||
| Q1 25 | $-21.5M | $-8.0M | ||
| Q4 24 | $-21.3M | $7.0M | ||
| Q3 24 | $-13.9M | $-1.1M | ||
| Q2 24 | $-15.0M | $-10.6M | ||
| Q1 24 | $-14.5M | $-4.7M |
自由现金流率ESTARDI
| Q4 25 | -3.1% | 8.2% | ||
| Q3 25 | -24.4% | -0.5% | ||
| Q2 25 | -39.7% | 1.9% | ||
| Q1 25 | -51.9% | -19.8% | ||
| Q4 24 | -47.8% | 12.0% | ||
| Q3 24 | -34.6% | -1.8% | ||
| Q2 24 | -33.9% | -22.7% | ||
| Q1 24 | -38.9% | -10.4% |
资本支出强度ESTARDI
| Q4 25 | 2.8% | 0.3% | ||
| Q3 25 | 3.4% | 1.0% | ||
| Q2 25 | 3.2% | 0.6% | ||
| Q1 25 | 1.8% | 0.6% | ||
| Q4 24 | 1.2% | 1.7% | ||
| Q3 24 | 3.7% | 4.0% | ||
| Q2 24 | 1.8% | 0.5% | ||
| Q1 24 | 8.9% | 4.3% |
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
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
