Establishment Labs Holdings vs Treace Medical Concepts
Establishment Labs Holdings and Treace Medical Concepts are similar in size: $211m and $213m of revenue in their latest fiscal years. Establishment Labs Holdings grew faster (27.1% against 1.6%). Establishment Labs Holdings kept more of each dollar of sales as profit: a net margin of -24.2% against -27.7%. Treace Medical Concepts carries less debt relative to equity (68.7% against 1051.2%).
| Latest fiscal year | Establishment Labs HoldingsESTA, 2025 | Treace Medical ConceptsTMCI, 2025 |
|---|---|---|
| Revenue | $211m | $213m |
| Revenue growth | 27.1% | 1.6% |
| Net income | −$51.1m | −$59.0m |
| Operating margin | -18.5% | -25.5% |
| Net margin | -24.2% | -27.7% |
| Return on equity | -133.3% | -58.9% |
| Free cash flow | −$56.9m | −$29.5m |
| Cash | $75.6m | $10.7m |
| Total debt | $248m | $60.0m |
| Debt to equity | 1051.2% | 68.7% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 1,004 | 450 |
| Market value | $1.82bn | $278m |
| Price vs our value range | — | — |
| Moat score | 31 (Weak) | 30 (Weak) |
| Insider trades, 12 months | 0 buys, 30 sales | 14 buys, 0 sales |