vs
Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and PATHWARD FINANCIAL, INC. (CASH). Click either name above to swap in a different company.
PATHWARD FINANCIAL, INC. is the larger business by last-quarter revenue ($276.3M vs $270.6M, roughly 1.0× Astera Labs, Inc.). PATHWARD FINANCIAL, INC. runs the higher net margin — 26.4% vs 16.6%, a 9.8% gap on every dollar of revenue. Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs 21.0%).
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.
Pathward Financial, Inc. is a U.S.-based banking and financial services company. It adopted its current name in 2022 after its parent, Meta Financial Group, sold the "Meta" trademark to Meta Platforms.
ALAB vs CASH — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $276.3M |
| Net Profit | $45.0M | $72.9M |
| Gross Margin | 75.6% | — |
| Operating Margin | 24.7% | — |
| Net Margin | 16.6% | 26.4% |
| Revenue YoY | 91.8% | — |
| Net Profit YoY | 82.0% | — |
| EPS (diluted) | $0.25 | $3.35 |
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.
| Q1 26 | — | $276.3M | ||
| Q4 25 | $270.6M | $173.1M | ||
| Q3 25 | $230.6M | $186.7M | ||
| Q2 25 | $191.9M | $195.8M | ||
| Q1 25 | $159.4M | $274.8M | ||
| Q4 24 | $141.1M | $182.6M | ||
| Q3 24 | $113.1M | $179.5M | ||
| Q2 24 | $76.8M | $188.6M |
| Q1 26 | — | $72.9M | ||
| Q4 25 | $45.0M | $35.2M | ||
| Q3 25 | $91.1M | $38.8M | ||
| Q2 25 | $51.2M | $42.1M | ||
| Q1 25 | $31.8M | $75.0M | ||
| Q4 24 | $24.7M | $30.0M | ||
| Q3 24 | $-7.6M | $33.5M | ||
| Q2 24 | $-7.5M | $44.9M |
| Q1 26 | — | — | ||
| Q4 25 | 75.6% | — | ||
| Q3 25 | 76.2% | — | ||
| Q2 25 | 75.8% | — | ||
| Q1 25 | 74.9% | — | ||
| Q4 24 | 74.0% | — | ||
| Q3 24 | 77.7% | — | ||
| Q2 24 | 77.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 24.7% | 24.6% | ||
| Q3 25 | 24.0% | 25.9% | ||
| Q2 25 | 20.7% | 24.1% | ||
| Q1 25 | 7.1% | 33.2% | ||
| Q4 24 | 0.1% | 19.8% | ||
| Q3 24 | -7.9% | 20.9% | ||
| Q2 24 | -31.7% | 27.1% |
| Q1 26 | — | 26.4% | ||
| Q4 25 | 16.6% | 20.3% | ||
| Q3 25 | 39.5% | 20.8% | ||
| Q2 25 | 26.7% | 21.5% | ||
| Q1 25 | 20.0% | 27.3% | ||
| Q4 24 | 17.5% | 16.4% | ||
| Q3 24 | -6.7% | 18.7% | ||
| Q2 24 | -9.8% | 23.8% |
| Q1 26 | — | $3.35 | ||
| Q4 25 | $0.25 | $1.57 | ||
| Q3 25 | $0.50 | $1.69 | ||
| Q2 25 | $0.29 | $1.81 | ||
| Q1 25 | $0.18 | $3.14 | ||
| Q4 24 | $1.23 | $1.23 | ||
| Q3 24 | $-0.05 | $1.34 | ||
| Q2 24 | $-0.05 | $1.78 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $167.6M | $157.6M |
| Total DebtLower is stronger | — | $59.5M |
| Stockholders' EquityBook value | $1.4B | $850.7M |
| Total Assets | $1.5B | $7.1B |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $157.6M | ||
| Q4 25 | $167.6M | $331.2M | ||
| Q3 25 | $140.4M | $120.6M | ||
| Q2 25 | $162.3M | $258.3M | ||
| Q1 25 | $86.4M | $254.2M | ||
| Q4 24 | $79.6M | $597.4M | ||
| Q3 24 | $126.1M | $158.3M | ||
| Q2 24 | $421.1M | $298.9M |
| Q1 26 | — | $59.5M | ||
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $33.5M | ||
| Q2 25 | — | $33.4M | ||
| Q1 25 | — | $33.4M | ||
| Q4 24 | — | $33.4M | ||
| Q3 24 | — | $33.4M | ||
| Q2 24 | — | $33.3M |
| Q1 26 | — | $850.7M | ||
| Q4 25 | $1.4B | $854.5M | ||
| Q3 25 | $1.3B | $858.0M | ||
| Q2 25 | $1.1B | $819.0M | ||
| Q1 25 | $1.0B | $814.7M | ||
| Q4 24 | $964.8M | $758.3M | ||
| Q3 24 | $889.6M | $822.5M | ||
| Q2 24 | $845.3M | $748.4M |
| Q1 26 | — | $7.1B | ||
| Q4 25 | $1.5B | $7.6B | ||
| Q3 25 | $1.4B | $7.2B | ||
| Q2 25 | $1.3B | $7.2B | ||
| Q1 25 | $1.1B | $7.0B | ||
| Q4 24 | $1.1B | $7.6B | ||
| Q3 24 | $983.1M | $7.5B | ||
| Q2 24 | $915.5M | $7.5B |
| Q1 26 | — | 0.07× | ||
| Q4 25 | — | 0.04× | ||
| Q3 25 | — | 0.04× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.04× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.04× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $95.3M | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $95.3M | $108.3M | ||
| Q3 25 | $78.2M | $303.7M | ||
| Q2 25 | $135.4M | $30.4M | ||
| Q1 25 | $10.5M | $188.3M | ||
| Q4 24 | $39.7M | $-71.7M | ||
| Q3 24 | $63.5M | $143.1M | ||
| Q2 24 | $29.8M | $113.2M |
| Q1 26 | — | — | ||
| Q4 25 | $76.6M | $104.1M | ||
| Q3 25 | $65.9M | $300.3M | ||
| Q2 25 | $133.3M | $27.7M | ||
| Q1 25 | $6.0M | $184.7M | ||
| Q4 24 | $24.3M | $-73.8M | ||
| Q3 24 | $46.8M | $138.8M | ||
| Q2 24 | $28.5M | $111.0M |
| Q1 26 | — | — | ||
| Q4 25 | 28.3% | 60.1% | ||
| Q3 25 | 28.6% | 160.9% | ||
| Q2 25 | 69.5% | 14.1% | ||
| Q1 25 | 3.7% | 67.2% | ||
| Q4 24 | 17.2% | -40.4% | ||
| Q3 24 | 41.4% | 77.3% | ||
| Q2 24 | 37.1% | 58.8% |
| Q1 26 | — | — | ||
| Q4 25 | 6.9% | 2.4% | ||
| Q3 25 | 5.3% | 1.8% | ||
| Q2 25 | 1.1% | 1.4% | ||
| Q1 25 | 2.8% | 1.3% | ||
| Q4 24 | 10.9% | 1.1% | ||
| Q3 24 | 14.8% | 2.4% | ||
| Q2 24 | 1.7% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.12× | 3.08× | ||
| Q3 25 | 0.86× | 7.83× | ||
| Q2 25 | 2.64× | 0.72× | ||
| Q1 25 | 0.33× | 2.51× | ||
| Q4 24 | 1.61× | -2.39× | ||
| Q3 24 | — | 4.27× | ||
| Q2 24 | — | 2.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALAB
Segment breakdown not available.
CASH
| Noninterest Income | $151.2M | 55% |
| Net Interest Income | $125.1M | 45% |
