Establishment Labs ESTA Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 70.1%+3.7pp | 69.3%+3.3pp | 68.7%+3.7pp | 67.2%+1.2pp | 66.4%+1.3pp | |
| Operating margin | -12.4%+21.7pp | -18.5%+11.6pp | -28.1%+6.8pp | -35.4%+5.1pp | -34.1%+8.0pp | |
| Net margin | -19.1%+33.3pp | -24.2%+26.8pp | -43.5%+2.7pp | -49.9%+5.1pp | -52.3%+0.8pp | |
| Free cash flow margin | -18.1%+24.0pp | -27%+12.0pp | -39.9%-5.8pp | -43.4%+5.1pp | -42.1%+15.6pp | |
| Returns | ||||||
| Return on equity | -164%+22.7pp | -133.3%+103pp | -338.2%-115pp | -261.2%-94.6pp | -186.7%— | |
| Return on assets | -12.8%+15.3pp | -14.5%+13.0pp | -26.7%-1.2pp | -28.8%+0.4pp | -28.1%+4.3pp | |
| Return on invested capital | -14.5%+16.5pp | -20.1%+7.8pp | -26.9%+2.8pp | -32.5%+3.8pp | -31%+12.2pp | |
| Efficiency | ||||||
| Asset turnover | 0.7×+0.1× | 0.6×+0.1× | 0.6×+0.1× | 0.6×0.0× | 0.5×-0.1× | |
| Inventory turnover | 0.8×+0.1× | 0.8×+0.1× | 0.8×0.0× | 0.7×-0.1× | 0.7×-0.2× | |
| Liquidity | ||||||
| Current ratio | 3×-0.4× | 3×-0.5× | 3.3×-0.3× | 2.8×-1.6× | 3.4×-0.9× | |
| Quick ratio | 1.9×-0.1× | 2×-0.4× | 2.1×-0.2× | 1.7×-1.2× | 2×-0.7× | |
| Cash ratio | 0.8×-0.2× | 0.9×-0.4× | 1×+0.2× | 0.7×-0.6× | 1×-0.5× | |
| Leverage | ||||||
| Debt-to-equity | 17.1×+11.2× | 10.7×+6.5× | 16×+9.9× | 10.2×+5.8× | 5.9×+2.4× | |
| 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×+1.5× | -1.5×+0.9× | -2.2×+0.5× | -2.7×+0.8× | -2.6×+1.5× | |
| Per Share | ||||||
| Book value per share | $0.49-62.3% | $0.80-57.8% | $0.55-52.3% | $0.79-51.2% | $1.31-36.1% | |
| Valuation | ||||||
| Market capitalization | $1.66B+41.4% | $2.12B+59.8% | $1.19B-1.8% | $1.03B-17.3% | $1.18B-15.0% | |
| Enterprise value | $1.85B+38.7% | $2.29B+57.1% | $1.38B+0.7% | $1.21B-13.1% | $1.33B-11.6% | |
| Price / sales | 7.3×+0.3× | 10×+2.1× | 6.2×-1.7× | 5.8×-2.4× | 6.9×-2.0× | |
| Price / book | 112.6×+82.1× | 89.9×+65.0× | 72.6×+35.6× | 45.4×+17.7× | 30.5×+6.2× | |
| EV / sales | 8.1×+0.2× | 10.9×+2.1× | 7.2×-1.7× | 6.8×-2.4× | 7.8×-1.8× | |
| Free cash flow yield | -2.5%+3.6pp | -2.7%+2.2pp | -6.4%-2.1pp | -7.5%-1.6pp | -6.1%+0.4pp | |
| Earnings yield | -2.6%+4.9pp | -2.4%+4.0pp | -7%-1.1pp | -8.6%-1.9pp | -7.6%-1.6pp |
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.
