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Establishment Labs Valuation Multiples
Discover revenue and EBITDA valuation multiples for Establishment Labs and similar public comparables like Heron Neutron Medical, Embla Medical, Axogen, VCANBIO and more.
Establishment Labs Overview
About Establishment Labs
Establishment Labs Holdings Inc is a medical technology company engaged in offering medical devices and aesthetic products. It is involved in the designing, manufacturing, and marketing of silicone-filled breast and body-shaping implants. The company markets its products under Motiva implants Brand. It distributes its products to medical distributors; and physicians, hospitals, and clinics in the form of direct sales. Its geographical segments are Europe, Latin America, Asia-Pacific/Middle East, and Others.
Founded
2004
HQ

Employees
1.0K
Website
Financials (LTM)
EV
$2B
Establishment Labs Financials
Establishment Labs reported last 12-month revenue of $227M and negative EBITDA of ($6M).
In the same LTM period, Establishment Labs generated $159M in gross profit, ($6M) in EBITDA losses, and had net loss of ($45M).
Revenue (LTM)
Establishment Labs P&L
In the most recent fiscal year, Establishment Labs reported revenue of $211M and EBITDA of ($14M).
Establishment Labs expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $227M | XXX | $211M | XXX | XXX | XXX |
| Gross Profit | $159M | XXX | $146M | XXX | XXX | XXX |
| Gross Margin | 70% | XXX | 69% | XXX | XXX | XXX |
| EBITDA | ($6M) | XXX | ($14M) | XXX | XXX | XXX |
| EBITDA Margin | (2%) | XXX | (7%) | XXX | XXX | XXX |
| EBIT Margin | (13%) | XXX | (18%) | XXX | XXX | XXX |
| Net Profit | ($45M) | XXX | ($51M) | XXX | XXX | XXX |
| Net Margin | (20%) | XXX | (24%) | XXX | XXX | XXX |
| Net Debt | — | — | $184M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Establishment Labs Stock Performance
Establishment Labs has current market cap of $2B, and enterprise value of $2B.
Market Cap Evolution
Establishment Labs' stock price is $67.10.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | 0.0% | XXX | XXX | XXX | $-1.74 |
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Start Free TrialEstablishment Labs Valuation Multiples
Establishment Labs trades at 9.5x EV/Revenue multiple, and (390.1x) EV/EBITDA.
EV / Revenue (LTM)
Establishment Labs Financial Valuation Multiples
As of April 20, 2026, Establishment Labs has market cap of $2B and EV of $2B.
Equity research analysts estimate Establishment Labs' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Establishment Labs has a P/E ratio of (44.0x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 9.5x | XXX | 10.2x | XXX | XXX | XXX |
| EV/EBITDA | (390.1x) | XXX | (152.3x) | XXX | XXX | XXX |
| EV/EBIT | (72.3x) | XXX | (55.4x) | XXX | XXX | XXX |
| EV/Gross Profit | 13.6x | XXX | 14.8x | XXX | XXX | XXX |
| P/E | (44.0x) | XXX | (38.6x) | XXX | XXX | XXX |
| EV/FCF | (138.9x) | XXX | (74.5x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Establishment Labs Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Establishment Labs Margins & Growth Rates
Establishment Labs' revenue in the last 12 month grew by 26%.
Establishment Labs' revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.2M for the same period.
Establishment Labs' rule of 40 is 31% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Establishment Labs' rule of X is 69% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Establishment Labs Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 26% | XXX | 25% | XXX | XXX | XXX |
| EBITDA Margin | (2%) | XXX | (7%) | XXX | XXX | XXX |
| EBITDA Growth | (551%) | XXX | (204%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 31% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 69% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 9% | XXX | 10% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 88% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Establishment Labs Public Comps
See public comps and valuation multiples for other Medical Devices comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Establishment Labs | XXX | XXX | XXX | XXX | XXX | XXX |
| Heron Neutron Medical | XXX | XXX | XXX | XXX | XXX | XXX |
| Embla Medical | XXX | XXX | XXX | XXX | XXX | XXX |
| Axogen | XXX | XXX | XXX | XXX | XXX | XXX |
| VCANBIO | XXX | XXX | XXX | XXX | XXX | XXX |
| BoneSupport | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Establishment Labs M&A Activity
Establishment Labs acquired XXX companies to date.
Last acquisition by Establishment Labs was on XXXXXXXX, XXXXX. Establishment Labs acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Establishment Labs
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialEstablishment Labs Investment Activity
Establishment Labs invested in XXX companies to date.
Establishment Labs made its latest investment on XXXXXXXX, XXXXX. Establishment Labs invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Establishment Labs
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Establishment Labs
| When was Establishment Labs founded? | Establishment Labs was founded in 2004. |
| Where is Establishment Labs headquartered? | Establishment Labs is headquartered in Brazil. |
| How many employees does Establishment Labs have? | As of today, Establishment Labs has over 1K employees. |
| Who is the CEO of Establishment Labs? | Establishment Labs' CEO is Fillipo Caldini. |
| Is Establishment Labs publicly listed? | Yes, Establishment Labs is a public company listed on Nasdaq. |
| What is the stock symbol of Establishment Labs? | Establishment Labs trades under ESTA ticker. |
| When did Establishment Labs go public? | Establishment Labs went public in 2018. |
| Who are competitors of Establishment Labs? | Establishment Labs main competitors are Heron Neutron Medical, Embla Medical, Axogen, VCANBIO. |
| What is the current market cap of Establishment Labs? | Establishment Labs' current market cap is $2B. |
| What is the current revenue of Establishment Labs? | Establishment Labs' last 12 months revenue is $227M. |
| What is the current revenue growth of Establishment Labs? | Establishment Labs revenue growth (NTM/LTM) is 26%. |
| What is the current EV/Revenue multiple of Establishment Labs? | Current revenue multiple of Establishment Labs is 9.5x. |
| Is Establishment Labs profitable? | No, Establishment Labs is not profitable. |
| What is the current EBITDA of Establishment Labs? | Establishment Labs has negative EBITDA and is not profitable. |
| What is Establishment Labs' EBITDA margin? | Establishment Labs' last 12 months EBITDA margin is (2%). |
| What is the current EV/EBITDA multiple of Establishment Labs? | Current EBITDA multiple of Establishment Labs is (390.1x). |
| What is the current FCF of Establishment Labs? | Establishment Labs' last 12 months FCF is ($16M). |
| What is Establishment Labs' FCF margin? | Establishment Labs' last 12 months FCF margin is (7%). |
| What is the current EV/FCF multiple of Establishment Labs? | Current FCF multiple of Establishment Labs is (138.9x). |
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