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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and Ascendis Pharma A/S (ASND). Click either name above to swap in a different company.

Astera Labs, Inc. is the larger business by last-quarter revenue ($270.6M vs $267.3M, roughly 1.0× Ascendis Pharma A/S). On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs 42.3%). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs 60.7%).

Astera Labs, Inc. is an American fabless semiconductor manufacturer and artificial intelligence company. The company specializes in designing high-speed connectivity solutions for data centers and AI infrastructure. The company has been listed on the Nasdaq since March 2024.

Growth hormone therapy refers to the use of growth hormone (GH) as a prescription medication—it is one form of hormone therapy. Growth hormone is a peptide hormone secreted by the pituitary gland that stimulates growth and cell reproduction. In the past, growth hormone was extracted from human pituitary glands. Growth hormone is now produced by recombinant DNA technology and is prescribed for a variety of reasons. GH therapy has been a focus of social and ethical controversies for 50 years.

ALAB vs ASND — Head-to-Head

Bigger by revenue
ALAB
ALAB
1.0× larger
ALAB
$270.6M
$267.3M
ASND
Growing faster (revenue YoY)
ALAB
ALAB
+49.5% gap
ALAB
91.8%
42.3%
ASND
Faster 2-yr revenue CAGR
ALAB
ALAB
Annualised
ALAB
103.6%
60.7%
ASND

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALAB
ALAB
ASND
ASND
Revenue
$270.6M
$267.3M
Net Profit
$45.0M
Gross Margin
75.6%
90.5%
Operating Margin
24.7%
Net Margin
16.6%
Revenue YoY
91.8%
42.3%
Net Profit YoY
82.0%
EPS (diluted)
$0.25

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALAB
ALAB
ASND
ASND
Q4 25
$270.6M
$267.3M
Q3 25
$230.6M
$230.7M
Q2 25
$191.9M
$170.7M
Q1 25
$159.4M
$109.0M
Q4 24
$141.1M
$187.8M
Q3 24
$113.1M
$62.5M
Q2 24
$76.8M
$38.9M
Q1 24
$65.3M
$103.6M
Net Profit
ALAB
ALAB
ASND
ASND
Q4 25
$45.0M
Q3 25
$91.1M
$-65.9M
Q2 25
$51.2M
$-42.0M
Q1 25
$31.8M
$-102.2M
Q4 24
$24.7M
Q3 24
$-7.6M
$-107.1M
Q2 24
$-7.5M
$-118.1M
Q1 24
$-93.0M
$-141.5M
Gross Margin
ALAB
ALAB
ASND
ASND
Q4 25
75.6%
90.5%
Q3 25
76.2%
89.5%
Q2 25
75.8%
80.1%
Q1 25
74.9%
82.6%
Q4 24
74.0%
91.9%
Q3 24
77.7%
80.6%
Q2 24
77.9%
68.2%
Q1 24
77.4%
92.1%
Operating Margin
ALAB
ALAB
ASND
ASND
Q4 25
24.7%
Q3 25
24.0%
5.1%
Q2 25
20.7%
-33.5%
Q1 25
7.1%
-103.2%
Q4 24
0.1%
Q3 24
-7.9%
-167.3%
Q2 24
-31.7%
-370.2%
Q1 24
-127.1%
-51.2%
Net Margin
ALAB
ALAB
ASND
ASND
Q4 25
16.6%
Q3 25
39.5%
-28.5%
Q2 25
26.7%
-24.6%
Q1 25
20.0%
-93.7%
Q4 24
17.5%
Q3 24
-6.7%
-171.5%
Q2 24
-9.8%
-303.9%
Q1 24
-142.5%
-136.6%
EPS (diluted)
ALAB
ALAB
ASND
ASND
Q4 25
$0.25
Q3 25
$0.50
Q2 25
$0.29
Q1 25
$0.18
Q4 24
$1.23
Q3 24
$-0.05
Q2 24
$-0.05
Q1 24
$-1.77

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALAB
ALAB
ASND
ASND
Cash + ST InvestmentsLiquidity on hand
$167.6M
$665.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$-175.8M
Total Assets
$1.5B
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALAB
ALAB
ASND
ASND
Q4 25
$167.6M
$665.3M
Q3 25
$140.4M
$582.2M
Q2 25
$162.3M
$533.6M
Q1 25
$86.4M
$559.4M
Q4 24
$79.6M
$604.3M
Q3 24
$126.1M
$675.6M
Q2 24
$421.1M
$279.4M
Q1 24
$696.1M
$345.9M
Stockholders' Equity
ALAB
ALAB
ASND
ASND
Q4 25
$1.4B
$-175.8M
Q3 25
$1.3B
$-188.0M
Q2 25
$1.1B
$-202.6M
Q1 25
$1.0B
$-205.0M
Q4 24
$964.8M
$-114.2M
Q3 24
$889.6M
$-105.1M
Q2 24
$845.3M
$-346.8M
Q1 24
$808.8M
$-257.2M
Total Assets
ALAB
ALAB
ASND
ASND
Q4 25
$1.5B
$1.4B
Q3 25
$1.4B
$1.2B
Q2 25
$1.3B
$1.2B
Q1 25
$1.1B
$1.1B
Q4 24
$1.1B
$1.3B
Q3 24
$983.1M
$1.2B
Q2 24
$915.5M
$819.0M
Q1 24
$864.9M
$866.7M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALAB
ALAB
ASND
ASND
Operating Cash FlowLast quarter
$95.3M
$58.2M
Free Cash FlowOCF − Capex
$76.6M
FCF MarginFCF / Revenue
28.3%
Capex IntensityCapex / Revenue
6.9%
Cash ConversionOCF / Net Profit
2.12×
TTM Free Cash FlowTrailing 4 quarters
$281.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALAB
ALAB
ASND
ASND
Q4 25
$95.3M
$58.2M
Q3 25
$78.2M
Q2 25
$135.4M
Q1 25
$10.5M
$-15.5M
Q4 24
$39.7M
$-330.7M
Q3 24
$63.5M
Q2 24
$29.8M
Q1 24
$3.7M
$-109.7M
Free Cash Flow
ALAB
ALAB
ASND
ASND
Q4 25
$76.6M
Q3 25
$65.9M
Q2 25
$133.3M
Q1 25
$6.0M
Q4 24
$24.3M
Q3 24
$46.8M
Q2 24
$28.5M
Q1 24
$228.0K
FCF Margin
ALAB
ALAB
ASND
ASND
Q4 25
28.3%
Q3 25
28.6%
Q2 25
69.5%
Q1 25
3.7%
Q4 24
17.2%
Q3 24
41.4%
Q2 24
37.1%
Q1 24
0.3%
Capex Intensity
ALAB
ALAB
ASND
ASND
Q4 25
6.9%
Q3 25
5.3%
Q2 25
1.1%
Q1 25
2.8%
Q4 24
10.9%
Q3 24
14.8%
Q2 24
1.7%
Q1 24
5.2%
Cash Conversion
ALAB
ALAB
ASND
ASND
Q4 25
2.12×
Q3 25
0.86×
Q2 25
2.64×
Q1 25
0.33×
Q4 24
1.61×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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