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Establishment Labs Holdings vs Si-bone

Establishment Labs Holdings and Si-bone are similar in size: $211m and $201m of revenue in their latest fiscal years. Establishment Labs Holdings grew faster (27.1% against 20.2%). Si-bone kept more of each dollar of sales as profit: a net margin of -9.4% against -24.2%. Si-bone carries less debt relative to equity (20.3% against 1051.2%).

Latest fiscal yearEstablishment Labs HoldingsESTA, 2025Si-boneSIBN, 2025
Revenue $211m $201m
Revenue growth 27.1% 20.2%
Net income −$51.1m −$18.9m
Operating margin -18.5% -11.1%
Net margin -24.2% -9.4%
Return on equity -133.3% -11.0%
Free cash flow −$56.9m −$9.1m
Cash $75.6m $42.2m
Total debt $248m $36.0m
Debt to equity 1051.2% 20.3%
Dividend per share — —
Dividend yield — —
Share buybacks — —
Employees 1,004 376
Market value $1.82bn $1.05bn
Price vs our value range — —
Moat score 31 (Weak) 27 (Weak)
Insider trades, 12 months 0 buys, 30 sales 0 buys, 106 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.