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Establishment Labs Holdings vs Sanara MedTech: ESTA and SMTI compared
Establishment Labs Holdings is the larger company: $72.0M of revenue in its latest quarter (Q3 2026) against $28.1M for Sanara MedTech (Q2 2026). Establishment Labs Holdings is growing faster (+34% against +9% a year earlier). Sanara MedTech is more profitable, with an operating margin of 6.3% against -3.6%.
Where the money goes: ESTA and SMTI
Establishment Labs Holdings (ESTA) · Q3 2026
Establishment Labs Holdings, Q3 2026: revenue $72.0M (+34% year over year), operating margin -3.6%, net loss $10.7M, operating cash flow $7.7M. The chart follows the revenue to costs, profit and cash.
Sanara MedTech (SMTI) · Q2 2026
Sanara MedTech, Q2 2026: revenue $28.1M (+9% year over year), operating margin 6.3%, net loss $453K, operating cash flow $2.0M. The chart follows the revenue to costs, profit and cash.
| Establishment Labs Holdings (ESTA) | Sanara MedTech (SMTI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $72.0M | $28.1M |
| Revenue growth, Y/Y | +34% | +9% |
| Operating margin | -3.6% | 6.3% |
| Net earnings | −$10.7M | −$453K |
| Net margin | -14.9% | -1.6% |
| Operating cash flow | $7.7M | $2.0M |
| Free cash flow | $5.1M | $2.0M |
| Market value | — | $304M |
| P/E | — | 7.0× |
| Analysts’ mean target | — | $35.00 |
Where the revenue comes from
Sanara MedTech
- Soft Tissue Repair Products: $25.2M (90%)
- Bone Fusion Products: $2.9M (10%)
Questions
Which is bigger, Establishment Labs Holdings or Sanara MedTech?
Establishment Labs Holdings is the larger company: $72.0M of revenue in its latest quarter (Q3 2026) against $28.1M for Sanara MedTech (Q2 2026).
Is Establishment Labs Holdings or Sanara MedTech growing faster?
Establishment Labs Holdings is growing faster (+34% against +9% a year earlier).
Which is more profitable, Establishment Labs Holdings or Sanara MedTech?
Sanara MedTech is more profitable, with an operating margin of 6.3% against -3.6%.
More: Establishment Labs Holdings earnings · how Establishment Labs Holdings makes money · Sanara MedTech earnings · how Sanara MedTech makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Aug 11, 2026). Fiscal quarters can end on different dates. Not investment advice.