Establishment Labs ESTA Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 70.1%+0.7pp | 69.3%+0.6pp | 68.7%+1.5pp | 67.2%+0.9pp | 66.4%+0.4pp | |
| Operating margin | -12.4%+6.0pp | -18.5%+9.7pp | -28.1%+7.3pp | -35.4%-1.3pp | -34.1%-4.0pp | |
| Net margin | -19.1%+5.1pp | -24.2%+19.3pp | -43.5%+6.4pp | -49.9%+2.5pp | -52.3%-1.4pp | |
| Free cash flow margin | -18.1%+8.8pp | -27%+12.9pp | -39.9%+3.5pp | -43.4%-1.4pp | -42.1%-3.2pp | |
| Returns | ||||||
| Return on equity | -164%-30.8pp | -133.3%+205pp | -338.2%-77.0pp | -261.2%-74.5pp | -186.7%— | |
| Return on assets | -12.8%+1.7pp | -14.5%+12.2pp | -26.7%+2.1pp | -28.8%-0.7pp | -28.1%-0.6pp | |
| Return on invested capital | -14.5%+5.6pp | -20.1%+6.8pp | -26.9%+5.5pp | -32.5%-1.5pp | -31%-3.1pp | |
| Efficiency | ||||||
| Asset turnover | 0.7×+0.1× | 0.6×0.0× | 0.6×0.0× | 0.6×0.0× | 0.5×0.0× | |
| Inventory turnover | 0.8×0.0× | 0.8×0.0× | 0.8×0.0× | 0.7×0.0× | 0.7×0.0× | |
| Liquidity | ||||||
| Current ratio | 3×-0.1× | 3×-0.3× | 3.3×+0.5× | 2.8×-0.5× | 3.4×-0.2× | |
| Quick ratio | 1.9×-0.1× | 2×-0.1× | 2.1×+0.4× | 1.7×-0.4× | 2×-0.4× | |
| Cash ratio | 0.8×-0.1× | 0.9×-0.1× | 1×+0.3× | 0.7×-0.3× | 1×-0.3× | |
| Leverage | ||||||
| Debt-to-equity | 17.1×+6.4× | 10.7×-5.3× | 16×+5.8× | 10.2×+4.3× | 5.9×+1.6× | |
| Debt-to-assets | 0.7×0.0× | 0.7×-0.1× | 0.8×+0.1× | 0.7×0.0× | 0.7×0.0× | |
| Interest coverage | -1.1×+0.5× | -1.5×+0.7× | -2.2×+0.5× | -2.7×-0.1× | -2.6×-0.2× | |
| Per Share | ||||||
| Book value per share | $0.49-37.9% | $0.80+43.9% | $0.55-29.8% | $0.79-39.8% | $1.31-30.6% | |
| Valuation | ||||||
| Market capitalization | $1.66B-21.4% | $2.12B+78.3% | $1.19B+14.8% | $1.03B-12.1% | $1.18B-11.2% | |
| Enterprise value | $1.85B-19.4% | $2.29B+66.5% | $1.38B+13.8% | $1.21B-9.2% | $1.33B-8.7% | |
| Price / sales | 7.3×-2.8× | 10×+3.8× | 6.2×+0.4× | 5.8×-1.1× | 6.9×-1.1× | |
| Price / book | 112.6×+22.7× | 89.9×+17.4× | 72.6×+27.1× | 45.4×+14.9× | 30.5×+5.6× | |
| EV / sales | 8.1×-2.8× | 10.9×+3.7× | 7.2×+0.4× | 6.8×-1.0× | 7.8×-1.0× | |
| Free cash flow yield | -2.5%+0.2pp | -2.7%+3.7pp | -6.4%+1.0pp | -7.5%-1.4pp | -6.1%-1.2pp | |
| Earnings yield | -2.6%-0.2pp | -2.4%+4.6pp | -7%+1.6pp | -8.6%-1.0pp | -7.6%-1.2pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Establishment Labs's profit margins?
- Establishment Labs (ESTA) runs a 70.1% gross margin and a -12.4% operating margin, with a -19.1% net margin.
- Where do Establishment Labs's ratios come from?
- Every ratio is computed from Establishment Labs's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.