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ESTABLISHMENT LABS HOLDINGS INC.（ESTA）与null（SWIM）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是ESTABLISHMENT LABS HOLDINGS INC.的1.5倍（$100.0M vs $64.6M），ESTABLISHMENT LABS HOLDINGS INC.同比增速更快（45.2% vs 14.5%），null自由现金流更多（$14.1M vs $-2.0M），过去两年ESTABLISHMENT LABS HOLDINGS INC.的营收复合增速更高（31.9% vs -4.9%）
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。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
ESTA vs SWIM — 直观对比
营收规模更大
SWIM
是对方的1.5倍
$64.6M
营收增速更快
ESTA
高出30.6%
14.5%
自由现金流更多
SWIM
多$16.1M
$-2.0M
两年增速更快
ESTA
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $64.6M | $100.0M |
| 净利润 | — | $-7.0M |
| 毛利率 | 70.5% | 28.0% |
| 营业利润率 | -6.1% | -10.7% |
| 净利率 | — | -7.0% |
| 营收同比 | 45.2% | 14.5% |
| 净利润同比 | — | 76.0% |
| 每股收益（稀释后） | $-0.07 | $-0.06 |
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ESTASWIM
| Q4 25 | $64.6M | $100.0M | ||
| Q3 25 | $53.8M | $161.9M | ||
| Q2 25 | $51.3M | $172.6M | ||
| Q1 25 | $41.4M | $111.4M | ||
| Q4 24 | $44.5M | $87.3M | ||
| Q3 24 | $40.2M | $150.5M | ||
| Q2 24 | $44.1M | $160.1M | ||
| Q1 24 | $37.2M | $110.6M |
净利润ESTASWIM
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $-11.1M | $8.1M | ||
| Q2 25 | $-16.6M | $16.0M | ||
| Q1 25 | $-20.7M | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $-16.7M | $5.9M | ||
| Q2 24 | $-17.2M | $13.3M | ||
| Q1 24 | $-16.2M | $-7.9M |
毛利率ESTASWIM
| Q4 25 | 70.5% | 28.0% | ||
| Q3 25 | 70.1% | 35.4% | ||
| Q2 25 | 68.8% | 37.1% | ||
| Q1 25 | 67.2% | 29.5% | ||
| Q4 24 | 68.5% | 24.6% | ||
| Q3 24 | 63.9% | 32.4% | ||
| Q2 24 | 65.6% | 33.1% | ||
| Q1 24 | 65.6% | 27.7% |
营业利润率ESTASWIM
| Q4 25 | -6.1% | -10.7% | ||
| Q3 25 | -7.5% | 13.3% | ||
| Q2 25 | -27.5% | 14.3% | ||
| Q1 25 | -41.0% | -4.4% | ||
| Q4 24 | -41.9% | -14.9% | ||
| Q3 24 | -32.7% | 8.9% | ||
| Q2 24 | -21.2% | 12.5% | ||
| Q1 24 | -23.8% | -1.9% |
净利率ESTASWIM
| Q4 25 | — | -7.0% | ||
| Q3 25 | -20.7% | 5.0% | ||
| Q2 25 | -32.3% | 9.3% | ||
| Q1 25 | -50.1% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | -41.5% | 3.9% | ||
| Q2 24 | -38.9% | 8.3% | ||
| Q1 24 | -43.6% | -7.1% |
每股收益（稀释后）ESTASWIM
| Q4 25 | $-0.07 | $-0.06 | ||
| Q3 25 | $-0.38 | $0.07 | ||
| Q2 25 | $-0.57 | $0.13 | ||
| Q1 25 | $-0.70 | $-0.05 | ||
| Q4 24 | $-1.21 | $-0.24 | ||
| Q3 24 | $-0.59 | $0.05 | ||
| Q2 24 | $-0.62 | $0.11 | ||
| Q1 24 | $-0.58 | $-0.07 |
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 | — |
| 总债务越低越好 | — | $279.8M |
| 股东权益账面价值 | $23.5M | $405.9M |
| 总资产 | $357.2M | $823.2M |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资ESTASWIM
| Q4 25 | $75.6M | — | ||
| Q3 25 | $70.6M | — | ||
| Q2 25 | $54.6M | — | ||
| Q1 25 | $69.2M | — | ||
| Q4 24 | $90.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务ESTASWIM
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | $0 | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
股东权益ESTASWIM
| Q4 25 | $23.5M | $405.9M | ||
| Q3 25 | $16.4M | $408.4M | ||
| Q2 25 | $22.8M | $398.4M | ||
| Q1 25 | $38.5M | $381.1M | ||
| Q4 24 | $53.1M | $387.2M | ||
| Q3 24 | $32.7M | $416.6M | ||
| Q2 24 | $45.0M | $408.1M | ||
| Q1 24 | $56.9M | $391.8M |
总资产ESTASWIM
| Q4 25 | $357.2M | $823.2M | ||
| Q3 25 | $338.9M | $844.4M | ||
| Q2 25 | $329.7M | $822.1M | ||
| Q1 25 | $333.4M | $824.6M | ||
| Q4 24 | $346.8M | $794.2M | ||
| Q3 24 | $282.7M | $853.4M | ||
| Q2 24 | $285.1M | $830.0M | ||
| Q1 24 | $301.8M | $808.6M |
负债/权益比ESTASWIM
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | 0.00× | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-2.0M | $14.1M |
| 自由现金流率自由现金流/营收 | -3.1% | 14.1% |
| 资本支出强度资本支出/营收 | 2.8% | 9.2% |
| 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 | $38.0M |
8季度趋势，按日历期对齐
经营现金流ESTASWIM
| Q4 25 | $-162.0K | $23.3M | ||
| Q3 25 | $-11.3M | $51.0M | ||
| Q2 25 | $-18.8M | $36.0M | ||
| Q1 25 | $-20.7M | $-46.9M | ||
| Q4 24 | $-20.7M | $6.2M | ||
| Q3 24 | $-12.5M | $37.2M | ||
| Q2 24 | $-14.2M | $52.4M | ||
| Q1 24 | $-11.2M | $-34.5M |
自由现金流ESTASWIM
| Q4 25 | $-2.0M | $14.1M | ||
| Q3 25 | $-13.1M | $45.2M | ||
| Q2 25 | $-20.4M | $29.1M | ||
| Q1 25 | $-21.5M | $-50.3M | ||
| Q4 24 | $-21.3M | $-98.0K | ||
| Q3 24 | $-13.9M | $33.2M | ||
| Q2 24 | $-15.0M | $47.9M | ||
| Q1 24 | $-14.5M | $-39.9M |
自由现金流率ESTASWIM
| Q4 25 | -3.1% | 14.1% | ||
| Q3 25 | -24.4% | 27.9% | ||
| Q2 25 | -39.7% | 16.8% | ||
| Q1 25 | -51.9% | -45.2% | ||
| Q4 24 | -47.8% | -0.1% | ||
| Q3 24 | -34.6% | 22.1% | ||
| Q2 24 | -33.9% | 29.9% | ||
| Q1 24 | -38.9% | -36.0% |
资本支出强度ESTASWIM
| Q4 25 | 2.8% | 9.2% | ||
| Q3 25 | 3.4% | 3.6% | ||
| Q2 25 | 3.2% | 4.0% | ||
| Q1 25 | 1.8% | 3.1% | ||
| Q4 24 | 1.2% | 7.2% | ||
| Q3 24 | 3.7% | 2.7% | ||
| Q2 24 | 1.8% | 2.8% | ||
| Q1 24 | 8.9% | 4.8% |
现金转化率ESTASWIM
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| 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
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
