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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and BIOCRYST PHARMACEUTICALS INC (BCRX). Click either name above to swap in a different company.

BIOCRYST PHARMACEUTICALS INC is the larger business by last-quarter revenue ($406.6M vs $270.6M, roughly 1.5× Astera Labs, Inc.). BIOCRYST PHARMACEUTICALS INC runs the higher net margin — 60.5% vs 16.6%, a 43.8% gap on every dollar of revenue. On growth, BIOCRYST PHARMACEUTICALS INC posted the faster year-over-year revenue change (209.1% vs 91.8%). BIOCRYST PHARMACEUTICALS INC produced more free cash flow last quarter ($291.2M vs $76.6M). Over the past eight quarters, BIOCRYST PHARMACEUTICALS INC's revenue compounded faster (109.4% CAGR vs 103.6%).

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.

BioCryst Pharmaceuticals, Inc. is an American pharmaceutical company headquartered in Durham, North Carolina. The company is a late stage biotech company that focuses on oral drugs for rare and serious diseases. BioCryst's antiviral drug peramivir (Rapivab) was approved by FDA in December 2014. It has also been approved in Japan, Korea, and China.

ALAB vs BCRX — Head-to-Head

Bigger by revenue
BCRX
BCRX
1.5× larger
BCRX
$406.6M
$270.6M
ALAB
Growing faster (revenue YoY)
BCRX
BCRX
+117.3% gap
BCRX
209.1%
91.8%
ALAB
Higher net margin
BCRX
BCRX
43.8% more per $
BCRX
60.5%
16.6%
ALAB
More free cash flow
BCRX
BCRX
$214.6M more FCF
BCRX
$291.2M
$76.6M
ALAB
Faster 2-yr revenue CAGR
BCRX
BCRX
Annualised
BCRX
109.4%
103.6%
ALAB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALAB
ALAB
BCRX
BCRX
Revenue
$270.6M
$406.6M
Net Profit
$45.0M
$245.8M
Gross Margin
75.6%
97.7%
Operating Margin
24.7%
64.0%
Net Margin
16.6%
60.5%
Revenue YoY
91.8%
209.1%
Net Profit YoY
82.0%
1017.5%
EPS (diluted)
$0.25
$1.13

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
BCRX
BCRX
Q4 25
$270.6M
$406.6M
Q3 25
$230.6M
$159.4M
Q2 25
$191.9M
$163.4M
Q1 25
$159.4M
$145.5M
Q4 24
$141.1M
$131.5M
Q3 24
$113.1M
$117.1M
Q2 24
$76.8M
$109.3M
Q1 24
$65.3M
$92.8M
Net Profit
ALAB
ALAB
BCRX
BCRX
Q4 25
$45.0M
$245.8M
Q3 25
$91.1M
$12.9M
Q2 25
$51.2M
$5.1M
Q1 25
$31.8M
$32.0K
Q4 24
$24.7M
$-26.8M
Q3 24
$-7.6M
$-14.0M
Q2 24
$-7.5M
$-12.7M
Q1 24
$-93.0M
$-35.4M
Gross Margin
ALAB
ALAB
BCRX
BCRX
Q4 25
75.6%
97.7%
Q3 25
76.2%
98.6%
Q2 25
75.8%
98.3%
Q1 25
74.9%
96.9%
Q4 24
74.0%
95.4%
Q3 24
77.7%
97.3%
Q2 24
77.9%
98.4%
Q1 24
77.4%
98.6%
Operating Margin
ALAB
ALAB
BCRX
BCRX
Q4 25
24.7%
64.0%
Q3 25
24.0%
18.6%
Q2 25
20.7%
18.2%
Q1 25
7.1%
14.6%
Q4 24
0.1%
-3.4%
Q3 24
-7.9%
6.6%
Q2 24
-31.7%
8.0%
Q1 24
-127.1%
-15.6%
Net Margin
ALAB
ALAB
BCRX
BCRX
Q4 25
16.6%
60.5%
Q3 25
39.5%
8.1%
Q2 25
26.7%
3.1%
Q1 25
20.0%
0.0%
Q4 24
17.5%
-20.4%
Q3 24
-6.7%
-12.0%
Q2 24
-9.8%
-11.6%
Q1 24
-142.5%
-38.1%
EPS (diluted)
ALAB
ALAB
BCRX
BCRX
Q4 25
$0.25
$1.13
Q3 25
$0.50
$0.06
Q2 25
$0.29
$0.02
Q1 25
$0.18
$0.00
Q4 24
$1.23
$-0.13
Q3 24
$-0.05
$-0.07
Q2 24
$-0.05
$-0.06
Q1 24
$-1.77
$-0.17

Balance Sheet & Financial Strength

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

Metric
ALAB
ALAB
BCRX
BCRX
Cash + ST InvestmentsLiquidity on hand
$167.6M
$274.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$-119.2M
Total Assets
$1.5B
$514.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALAB
ALAB
BCRX
BCRX
Q4 25
$167.6M
$274.7M
Q3 25
$140.4M
$212.9M
Q2 25
$162.3M
$260.0M
Q1 25
$86.4M
$295.1M
Q4 24
$79.6M
$320.9M
Q3 24
$126.1M
$96.8M
Q2 24
$421.1M
$78.4M
Q1 24
$696.1M
$84.3M
Stockholders' Equity
ALAB
ALAB
BCRX
BCRX
Q4 25
$1.4B
$-119.2M
Q3 25
$1.3B
$-387.9M
Q2 25
$1.1B
$-421.6M
Q1 25
$1.0B
$-451.9M
Q4 24
$964.8M
$-475.9M
Q3 24
$889.6M
$-468.6M
Q2 24
$845.3M
$-475.6M
Q1 24
$808.8M
$-476.2M
Total Assets
ALAB
ALAB
BCRX
BCRX
Q4 25
$1.5B
$514.2M
Q3 25
$1.4B
$446.4M
Q2 25
$1.3B
$457.2M
Q1 25
$1.1B
$480.0M
Q4 24
$1.1B
$490.4M
Q3 24
$983.1M
$491.3M
Q2 24
$915.5M
$472.4M
Q1 24
$864.9M
$467.9M

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
BCRX
BCRX
Operating Cash FlowLast quarter
$95.3M
$292.0M
Free Cash FlowOCF − Capex
$76.6M
$291.2M
FCF MarginFCF / Revenue
28.3%
71.6%
Capex IntensityCapex / Revenue
6.9%
0.2%
Cash ConversionOCF / Net Profit
2.12×
1.19×
TTM Free Cash FlowTrailing 4 quarters
$281.8M
$344.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALAB
ALAB
BCRX
BCRX
Q4 25
$95.3M
$292.0M
Q3 25
$78.2M
$41.6M
Q2 25
$135.4M
$41.3M
Q1 25
$10.5M
$-27.5M
Q4 24
$39.7M
$-5.2M
Q3 24
$63.5M
$8.2M
Q2 24
$29.8M
$-1.4M
Q1 24
$3.7M
$-53.7M
Free Cash Flow
ALAB
ALAB
BCRX
BCRX
Q4 25
$76.6M
$291.2M
Q3 25
$65.9M
$40.3M
Q2 25
$133.3M
$41.1M
Q1 25
$6.0M
$-27.7M
Q4 24
$24.3M
$-5.9M
Q3 24
$46.8M
$8.2M
Q2 24
$28.5M
$-1.5M
Q1 24
$228.0K
$-53.9M
FCF Margin
ALAB
ALAB
BCRX
BCRX
Q4 25
28.3%
71.6%
Q3 25
28.6%
25.3%
Q2 25
69.5%
25.2%
Q1 25
3.7%
-19.0%
Q4 24
17.2%
-4.5%
Q3 24
41.4%
7.0%
Q2 24
37.1%
-1.4%
Q1 24
0.3%
-58.1%
Capex Intensity
ALAB
ALAB
BCRX
BCRX
Q4 25
6.9%
0.2%
Q3 25
5.3%
0.8%
Q2 25
1.1%
0.1%
Q1 25
2.8%
0.1%
Q4 24
10.9%
0.5%
Q3 24
14.8%
0.1%
Q2 24
1.7%
0.1%
Q1 24
5.2%
0.3%
Cash Conversion
ALAB
ALAB
BCRX
BCRX
Q4 25
2.12×
1.19×
Q3 25
0.86×
3.23×
Q2 25
2.64×
8.12×
Q1 25
0.33×
-859.91×
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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