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ESTABLISHMENT LABS HOLDINGS INC.（ESTA）与RESOURCES CONNECTION, INC.（RGP）财务数据对比。点击上方公司名可切换其他公司
RESOURCES CONNECTION, INC.的季度营收约是ESTABLISHMENT LABS HOLDINGS INC.的1.8倍（$117.7M vs $64.6M），ESTABLISHMENT LABS HOLDINGS INC.同比增速更快（45.2% vs -19.2%），RESOURCES CONNECTION, INC.自由现金流更多（$15.6M vs $-2.0M），过去两年ESTABLISHMENT LABS HOLDINGS INC.的营收复合增速更高（31.9% vs -11.8%）
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。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
ESTA vs RGP — 直观对比
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $64.6M | $117.7M |
| 净利润 | — | $-12.7M |
| 毛利率 | 70.5% | 37.1% |
| 营业利润率 | -6.1% | -10.3% |
| 净利率 | — | -10.8% |
| 营收同比 | 45.2% | -19.2% |
| 净利润同比 | — | 81.6% |
| 每股收益（稀释后） | $-0.07 | $-0.38 |
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
| Q4 25 | $64.6M | $117.7M | ||
| Q3 25 | $53.8M | $120.2M | ||
| Q2 25 | $51.3M | $139.3M | ||
| Q1 25 | $41.4M | $129.4M | ||
| Q4 24 | $44.5M | $145.6M | ||
| Q3 24 | $40.2M | $136.9M | ||
| Q2 24 | $44.1M | $148.2M | ||
| Q1 24 | $37.2M | $151.3M |
| Q4 25 | — | $-12.7M | ||
| Q3 25 | $-11.1M | $-2.4M | ||
| Q2 25 | $-16.6M | $-73.3M | ||
| Q1 25 | $-20.7M | $-44.1M | ||
| Q4 24 | — | $-68.7M | ||
| Q3 24 | $-16.7M | $-5.7M | ||
| Q2 24 | $-17.2M | $10.5M | ||
| Q1 24 | $-16.2M | $2.5M |
| Q4 25 | 70.5% | 37.1% | ||
| Q3 25 | 70.1% | 39.5% | ||
| Q2 25 | 68.8% | 40.2% | ||
| Q1 25 | 67.2% | 35.1% | ||
| Q4 24 | 68.5% | 38.5% | ||
| Q3 24 | 63.9% | 36.5% | ||
| Q2 24 | 65.6% | 40.2% | ||
| Q1 24 | 65.6% | 37.0% |
| Q4 25 | -6.1% | -10.3% | ||
| Q3 25 | -7.5% | -1.7% | ||
| Q2 25 | -27.5% | -47.0% | ||
| Q1 25 | -41.0% | -38.4% | ||
| Q4 24 | -41.9% | -52.7% | ||
| Q3 24 | -32.7% | -3.5% | ||
| Q2 24 | -21.2% | 7.6% | ||
| Q1 24 | -23.8% | 2.8% |
| Q4 25 | — | -10.8% | ||
| Q3 25 | -20.7% | -2.0% | ||
| Q2 25 | -32.3% | -52.6% | ||
| Q1 25 | -50.1% | -34.0% | ||
| Q4 24 | — | -47.2% | ||
| Q3 24 | -41.5% | -4.2% | ||
| Q2 24 | -38.9% | 7.1% | ||
| Q1 24 | -43.6% | 1.7% |
| Q4 25 | $-0.07 | $-0.38 | ||
| Q3 25 | $-0.38 | $-0.07 | ||
| Q2 25 | $-0.57 | $-2.21 | ||
| Q1 25 | $-0.70 | $-1.34 | ||
| Q4 24 | $-1.21 | $-2.08 | ||
| Q3 24 | $-0.59 | $-0.17 | ||
| Q2 24 | $-0.62 | $0.31 | ||
| Q1 24 | $-0.58 | $0.08 |
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 | $89.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $23.5M | $194.6M |
| 总资产 | $357.2M | $289.3M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $75.6M | $89.8M | ||
| Q3 25 | $70.6M | $77.5M | ||
| Q2 25 | $54.6M | $86.1M | ||
| Q1 25 | $69.2M | $72.5M | ||
| Q4 24 | $90.3M | $78.2M | ||
| Q3 24 | — | $89.6M | ||
| Q2 24 | — | $108.9M | ||
| Q1 24 | — | $113.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $23.5M | $194.6M | ||
| Q3 25 | $16.4M | $206.4M | ||
| Q2 25 | $22.8M | $207.1M | ||
| Q1 25 | $38.5M | $277.8M | ||
| Q4 24 | $53.1M | $325.7M | ||
| Q3 24 | $32.7M | $407.2M | ||
| Q2 24 | $45.0M | $418.8M | ||
| Q1 24 | $56.9M | $414.9M |
| Q4 25 | $357.2M | $289.3M | ||
| Q3 25 | $338.9M | $287.2M | ||
| Q2 25 | $329.7M | $304.7M | ||
| Q1 25 | $333.4M | $375.6M | ||
| Q4 24 | $346.8M | $424.9M | ||
| Q3 24 | $282.7M | $512.9M | ||
| Q2 24 | $285.1M | $510.9M | ||
| Q1 24 | $301.8M | $523.2M |
| 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 | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $-2.0M | $15.6M |
| 自由现金流率自由现金流/营收 | -3.1% | 13.2% |
| 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 | $24.3M |
8季度趋势，按日历期对齐
| Q4 25 | $-162.0K | $15.9M | ||
| Q3 25 | $-11.3M | $-7.8M | ||
| Q2 25 | $-18.8M | $16.8M | ||
| Q1 25 | $-20.7M | $659.0K | ||
| Q4 24 | $-20.7M | $1.8M | ||
| Q3 24 | $-12.5M | $-309.0K | ||
| Q2 24 | $-14.2M | $3.2M | ||
| Q1 24 | $-11.2M | $20.5M |
| Q4 25 | $-2.0M | $15.6M | ||
| Q3 25 | $-13.1M | $-8.0M | ||
| Q2 25 | $-20.4M | $16.5M | ||
| Q1 25 | $-21.5M | $238.0K | ||
| Q4 24 | $-21.3M | $61.0K | ||
| Q3 24 | $-13.9M | $-575.0K | ||
| Q2 24 | $-15.0M | $3.0M | ||
| Q1 24 | $-14.5M | $20.4M |
| Q4 25 | -3.1% | 13.2% | ||
| Q3 25 | -24.4% | -6.6% | ||
| Q2 25 | -39.7% | 11.8% | ||
| Q1 25 | -51.9% | 0.2% | ||
| Q4 24 | -47.8% | 0.0% | ||
| Q3 24 | -34.6% | -0.4% | ||
| Q2 24 | -33.9% | 2.1% | ||
| Q1 24 | -38.9% | 13.5% |
| Q4 25 | 2.8% | 0.3% | ||
| Q3 25 | 3.4% | 0.1% | ||
| Q2 25 | 3.2% | 0.2% | ||
| Q1 25 | 1.8% | 0.3% | ||
| Q4 24 | 1.2% | 1.2% | ||
| Q3 24 | 3.7% | 0.2% | ||
| Q2 24 | 1.8% | 0.1% | ||
| Q1 24 | 8.9% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | — | 8.04× |
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
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
