Establishment Labs Holdings (ESTA) Return on Invested Capital [ROIC] (2018 - 2026)
Establishment Labs Holdings (ESTA) posted Return on Invested Capital [ROIC] of -5.62% for Q2 2026, up 19.38 percentage points from -25.01% a year earlier and up 3.49 percentage points from the prior quarter.
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Analysis
Establishment Labs Holdings (ESTA) Return on Invested Capital [ROIC] (2018 - 2026) Analysis & Trends
For FY2025, Establishment Labs Holdings' Return on Invested Capital [ROIC] came in at -12.63%, up 8.20 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a five-year change of +8.79 percentage points (FY2020 to FY2025).
- In prior years, Establishment Labs Holdings' Return on Invested Capital [ROIC] was -20.83% in FY2024 (+13.87 pp), -34.70% in FY2023 (-5.31 pp), -29.38% in FY2022 (-7.28 pp) and -22.11% in FY2021 (-0.69 pp).
- The Q2 2026 figure stands as the highest quarterly Return on Invested Capital [ROIC] in data going back to Q3 2018.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased in each of the last four quarters, with an average year-over-year change of +7.52 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q2 2026, with a gain of 19.38 percentage points; the weakest was Q2 2022, with a drop of 11.99 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was -9.11% (Q1 2026), -12.86% (Q4 2025) and -21.21% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 242.18 Bn | 221.33 Bn | 4.88 Bn | 7.89% |
| 2 | Abbott Laboratories | 168.71 Bn | 139.79 Bn | 7.27 Bn | 6.20% |
| 3 | Danaher | 150.46 Bn | 134.27 Bn | 3.61 Bn | 5.71% |
| 4 | Intuitive Surgical | 138.71 Bn | 118.26 Bn | 1.96 Bn | - |
| 5 | Medtronic | 110.54 Bn | 76.41 Bn | 6.34 Bn | 6.90% |
| 6 | Stryker | 105.66 Bn | 91.78 Bn | 4.50 Bn | 10.46% |
| 7 | Boston Scientific | 61.74 Bn | 56.75 Bn | 3.85 Bn | 10.53% |
| 8 | Edwards Lifesciences | 49.09 Bn | 33.21 Bn | 1.35 Bn | 8.99% |
| 9 | Becton Dickinson | 48.16 Bn | 45.31 Bn | 2.32 Bn | 5.27% |
| 10 | Establishment Labs Holdings | 1.91 Bn | 1.62 Bn | 47.71 Mn | -5.62% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -5.62% |
| Mar 31, 2026 | -9.11% |
| Dec 31, 2025 | -12.86% |
| Sep 30, 2025 | -21.21% |
| Jun 30, 2025 | -25.01% |
| Mar 31, 2025 | -21.86% |
| Dec 31, 2024 | -20.00% |
| Sep 30, 2024 | -22.58% |
| Jun 30, 2024 | -24.85% |
| Mar 31, 2024 | -28.64% |
| Dec 31, 2023 | -30.72% |
| Sep 30, 2023 | -24.77% |
| Jun 30, 2023 | -22.80% |
| Mar 31, 2023 | -25.61% |
| Dec 31, 2022 | -25.02% |
| Sep 30, 2022 | -23.06% |
| Jun 30, 2022 | -26.29% |
| Mar 31, 2022 | -28.20% |
| Dec 31, 2021 | -23.33% |
| Sep 30, 2021 | -20.46% |
API Access
Establishment Labs Holdings Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=ESTA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=ESTA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();