Establishment Labs
ESTA
63.85
-1.44
-2.21%
Establishment Labs
US · ESTA
#2813 by market cap
Listed 2018
63.85
-1.44
-2.21%
Live - 5344 symbols - heartbeat 211s ago
· 2026-10-08 08:37
Pre-market
63.37
-0.76%
After-hours
63.85
0.00%
- Market cap
- 1.90B
- P/E (TTM)i
- -50.28
- P/Bi
- 88.07
- EPSi
- -1.72
- Div yieldi
- 0.00%
- 52W posi
- 43%
Reader sentiment
Are you bullish or bearish on ESTA?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.27, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +27.14% YoY
Margins
- Gross margin
- 69.32%
- Operating margin
- -18.48%
- Net margin
- -24.19%
Key ratios & quality
- Enterprise valuei
- 2.09B
- Altman Z-Scorei
- 2.27
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 61.21M | 89.57M | 84.68M | 126.68M | 161.70M | 165.15M | 166.03M | 211.08M |
| Gross profit | 36.12M | 54.86M | 52.50M | 85.40M | 106.60M | 106.98M | 109.53M | 146.31M |
| Selling & admin expenses | 47.30M | 70.81M | 66.63M | 92.23M | 125.98M | 145.58M | 139.81M | 165.07M |
| Research & development | 12.69M | 14.99M | 13.79M | 18.32M | 20.27M | 26.43M | 19.71M | 20.25M |
| Operating profit | -23.86M | -30.94M | -27.92M | -25.14M | -39.66M | -65.03M | -49.99M | -39.01M |
| Pretax profit | -20.88M | -37.51M | -38.02M | -39.71M | -72.82M | -78.58M | -84.63M | -58.02M |
| Tax | 215.00K | 640.00K | 104.00K | 1.43M | 2.39M | -81.00K | -32.00K | -6.96M |
| Net profit | -21.10M | -38.15M | -38.12M | -41.14M | -75.21M | -78.50M | -84.60M | -51.06M |
| Basic EPS | -1 | -2 | -2 | -2 | -3 | -3 | -3 | -2 |
| Diluted EPS | -1.22 | -1.86 | -1.63 | -1.72 | -3.08 | -3.07 | -3.00 | -1.72 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 41.38M | 51.30M | 53.78M | 64.62M | 59.88M | 67.54M |
| Gross profit | 27.81M | 35.27M | 37.70M | 45.53M | 42.34M | 47.71M |
| Selling & admin expenses | 39.70M | 44.18M | 37.17M | 44.03M | 43.61M | 46.91M |
| Research & development | 5.06M | 5.20M | 4.56M | 5.43M | 5.24M | 5.10M |
| Operating profit | -16.95M | -14.11M | -4.03M | -3.93M | -6.51M | -4.29M |
| Pretax profit | -19.80M | -15.59M | -10.72M | -11.92M | -13.09M | -11.74M |
| Tax | 914.00K | 1.00M | 424.00K | -9.30M | 288.00K | 6.00K |
| Net profit | -20.71M | -16.59M | -11.15M | -2.62M | -13.38M | -11.75M |
| Basic EPS | -1 | -1 | 0 | 0 | 0 | 0 |
| Diluted EPS | -0.70 | -0.57 | -0.38 | -0.09 | -0.45 | -0.39 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 99.44M | 95.84M | 132.30M | 113.27M | 149.90M | 174.90M | 243.04M | 249.94M |
| Cash & ST investments | 52.64M | 37.66M | 84.52M | 53.42M | 66.36M | 40.04M | 90.35M | 75.57M |
| Inventory | 24.85M | 28.66M | 23.21M | 28.41M | 36.58M | 79.47M | 78.77M | 85.61M |
| Total assets | 116.57M | 116.53M | 156.39M | 139.53M | 211.06M | 268.64M | 346.83M | 357.17M |
| Total current liabilities | 16.45M | 23.24M | 25.90M | 31.89M | 38.96M | 57.15M | 68.28M | 82.14M |
| Short-term debt | 336.00K | 258.00K | 788.00K | 402.00K | 688.00K | 773.00K | 1.51M | 14.13M |
| Long-term debt | 22.32M | 48.14M | 49.83M | 51.91M | 175.46M | 188.74M | 219.58M | 247.52M |
| Total liabilities | 47,088,000.00 | 76,917,000.00 | 81,427,000.00 | 88,790,000.00 | 219,246,000.00 | 250,246,000.00 | 293,736,000.00 | 333,620,000.00 |
| Total equity | 69.49M | 39.61M | 74.96M | 50.74M | -8.19M | 18.40M | 53.10M | 23.55M |
| Retained earnings | -88.98M | -127.13M | -165.25M | -206.39M | -281.59M | -360.10M | -444.69M | -495.76M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 231.70M | 229.17M | 239.60M | 249.94M | 245.83M | 247.73M |
| Cash & ST investments | 69.18M | 54.64M | 70.62M | 75.57M | 68.10M | 71.16M |
| Inventory | 90.43M | 94.68M | 88.16M | 85.61M | 86.66M | 84.98M |
| Total assets | 333.36M | 329.67M | 338.90M | 357.17M | 351.04M | 351.93M |
| Total current liabilities | 69.04M | 80.74M | 71.98M | 82.14M | 83.15M | 64.56M |
| Short-term debt | 1.56M | 6.62M | 11.72M | 14.13M | 12.96M | -- |
| Long-term debt | 220.34M | 221.13M | 246.46M | 247.52M | 248.59M | 261.70M |
| Total liabilities | 294,814,000.00 | 306,905,000.00 | 322,532,000.00 | 333,620,000.00 | 336,254,000.00 | 330,319,000.00 |
| Total equity | 38.55M | 22.76M | 16.36M | 23.55M | 14.78M | 21.61M |
| Retained earnings | -465.40M | -482.00M | -493.14M | -495.76M | -509.14M | -520.89M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -33.89M | -29.98M | -12.51M | -27.53M | -52.17M | -88.51M | -58.52M | -50.89M |
| Depreciation & amortization | 2.81M | 3.29M | 3.71M | 4.12M | 4.34M | 4.88M | 7.58M | 10.47M |
| Free cash flow | -35.66M | -36.98M | -16.42M | -34.26M | -86.43M | -113.06M | -74.08M | -57.61M |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 87.63M | 0 | 63.86M | 0 | 0 | 84.54M | 99.48M | 0 |
| Ending cash balance | 52.64M | 37.66M | 84.52M | 53.42M | 66.36M | 40.04M | 90.35M | 75.57M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -20.73M | -18.75M | -11.25M | -162.00K | -4.31M | -16.60M |
| Depreciation & amortization | 2.57M | 2.60M | 2.54M | 2.77M | 2.69M | 2.67M |
| Free cash flow | -21.75M | -20.82M | -13.21M | -1.82M | -6.27M | -20.25M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | 0 | -- | -- |
| Ending cash balance | 69.18M | 54.64M | 70.62M | 75.57M | 68.10M | 71.16M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -65.45 | -69.94 | -66.54 | -65.46 | -353.48 | -1,537.75 | -236.67 | -133.25 |
| ROA %i | -24.30 | -32.73 | -27.94 | -27.80 | -42.90 | -32.73 | -27.49 | -14.51 |
| ROIC %i | -26.90 | -35.32 | -29.02 | -29.70 | -47.80 | -33.60 | -26.68 | -10.31 |
| 5-year avg ROE %i | -- | -- | -- | -- | -124.17 | -418.63 | -451.98 | -465.32 |
| EBIT margin %i | -19.72 | -32.17 | -33.83 | -24.19 | -37.76 | -38.26 | -38.43 | -15.52 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Current ratioi | 6.05 | 4.12 | 5.11 | 3.55 | 3.85 | 3.06 | 3.56 | 3.04 |
| Quick ratioi | 4.27 | 2.60 | 4.00 | 2.44 | 2.61 | 1.52 | 2.28 | 1.86 |
| Debt / assetsi | 19.44 | 41.53 | 33.60 | 38.85 | 84.98 | 71.55 | 64.96 | 74.05 |
| LT debt / equityi | 32.12 | 121.53 | 69.04 | 106.04 | -- | 1,040.78 | 421.47 | 1,063.16 |
| Interest coveragei | -1.37 | -3.31 | -3.06 | -3.38 | -5.19 | -4.11 | -3.06 | -1.30 |
| Revenue CAGR (3Y) %i | -- | 65.38 | 34.66 | 27.44 | 21.77 | 24.94 | 9.43 | 9.29 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -186.68 | -261.18 | -338.19 | -133.25 | -164.01 | -175.30 |
| ROA %i | -28.06 | -28.80 | -26.70 | -14.51 | -12.78 | -11.41 |
| ROIC %i | -28.01 | -28.56 | -25.32 | -10.31 | -7.86 | -6.17 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -38.98 | -36.31 | -30.42 | -15.52 | -10.82 | -8.10 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 3.36 | 2.84 | 3.33 | 3.04 | 2.96 | 3.84 |
| Quick ratioi | 1.92 | 1.54 | 1.97 | 1.86 | 1.75 | 2.27 |
| Debt / assetsi | 67.70 | 70.11 | 77.06 | 74.05 | 75.19 | 74.92 |
| LT debt / equityi | 581.43 | 986.24 | 1,524.41 | 1,063.16 | 1,697.89 | 1,220.32 |
| Interest coveragei | -2.98 | -2.79 | -2.42 | -1.30 | -0.94 | -0.72 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Single segment100.00%
Quote time 2026-10-08 08:37:06 · For reference only, not investment advice and not tailored to your situation.