Establishment Labs Holdings (ESTA) Operating Margin (2017 - 2026)
Establishment Labs Holdings' Operating Margin came in at -6.35% for Q2 2026, up 21.15 percentage points from -27.50% a year earlier and up 4.52 percentage points from the prior quarter.
Establishment Labs Holdings (ESTA) Operating Margin (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Establishment Labs Holdings reported Operating Margin of -7.63%, up 27.80 percentage points year-over-year; for FY2025, it came in at -18.48%, up 11.63 percentage points from FY2024.
- Operating Margin carries a five-year change of +14.49 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was -30.11% in FY2024 (+9.27 pp), -39.37% in FY2023 (-14.85 pp), -24.53% in FY2022 (-4.68 pp) and -19.84% in FY2021 (+13.12 pp).
- The five-year range for quarterly Operating Margin is -70.07% (Q4 2023) to -6.08% (Q4 2025).
- Year-over-year, Operating Margin has increased for four consecutive quarters, with an average year-over-year change of +17.36 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q4 2025 (a gain of 35.86 percentage points), and the weakest in Q4 2023 (a drop of 40.04 percentage points).
- Business Quant data shows ESTA's Operating Margin at -10.87% (Q1 2026), -6.08% (Q4 2025) and -7.48% (Q3 2025) in the three quarters before Q2 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.71 Bn | 229.74 Bn | 4.88 Bn | 17.40% |
| 2 | Abbott Laboratories | 178.38 Bn | 148.81 Bn | 7.27 Bn | 13.44% |
| 3 | Danaher | 161.61 Bn | 145.42 Bn | 3.61 Bn | 17.99% |
| 4 | Intuitive Surgical | 154.15 Bn | 134.44 Bn | 2.08 Bn | 19.44% |
| 5 | Medtronic | 123.21 Bn | 88.46 Bn | 6.34 Bn | 18.08% |
| 6 | Stryker | 117.50 Bn | 103.61 Bn | 4.50 Bn | 25.18% |
| 7 | Boston Scientific | 67.50 Bn | 62.26 Bn | 3.85 Bn | 21.65% |
| 8 | Becton Dickinson | 54.80 Bn | 51.95 Bn | 2.32 Bn | 13.31% |
| 9 | Edwards Lifesciences | 51.78 Bn | 35.79 Bn | 1.35 Bn | 29.48% |
| 10 | Establishment Labs Holdings | 1.92 Bn | 1.63 Bn | 47.71 Mn | -6.35% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6.35% |
| Mar 31, 2026 | -10.87% |
| Dec 31, 2025 | -6.08% |
| Sep 30, 2025 | -7.48% |
| Jun 30, 2025 | -27.50% |
| Mar 31, 2025 | -40.96% |
| Dec 31, 2024 | -41.94% |
| Sep 30, 2024 | -32.66% |
| Jun 30, 2024 | -21.18% |
| Mar 31, 2024 | -23.77% |
| Dec 31, 2023 | -70.07% |
| Sep 30, 2023 | -54.64% |
| Jun 30, 2023 | -28.24% |
| Mar 31, 2023 | -17.54% |
| Dec 31, 2022 | -30.04% |
| Sep 30, 2022 | -27.50% |
| Jun 30, 2022 | -25.26% |
| Mar 31, 2022 | -14.50% |
| Dec 31, 2021 | -26.52% |
| Sep 30, 2021 | -31.14% |
Establishment Labs Holdings Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=ESTA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "ESTA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=ESTA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();