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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and COMMERCE BANCSHARES INC (CBSH). Click either name above to swap in a different company.
COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $270.6M, roughly 1.8× Astera Labs, Inc.). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 16.6%, a 13.1% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs 11.1%). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs 7.1%).
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.
Commerce Bancshares, Inc. is a regional bank holding company headquartered in Missouri, with principal offices in Kansas City and St. Louis. It is the corporate parent of Commerce Bank, which offers a diversified line of financial services, including business and personal banking, wealth management and investments through its affiliated companies.
ALAB vs CBSH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $475.7M |
| Net Profit | $45.0M | $141.6M |
| Gross Margin | 75.6% | — |
| Operating Margin | 24.7% | — |
| Net Margin | 16.6% | 29.8% |
| Revenue YoY | 91.8% | 11.1% |
| Net Profit YoY | 82.0% | 10.5% |
| EPS (diluted) | $0.25 | $0.96 |
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 | — | $475.7M | ||
| Q4 25 | $270.6M | $449.4M | ||
| Q3 25 | $230.6M | $441.0M | ||
| Q2 25 | $191.9M | $445.8M | ||
| Q1 25 | $159.4M | $428.1M | ||
| Q4 24 | $141.1M | $422.1M | ||
| Q3 24 | $113.1M | $421.4M | ||
| Q2 24 | $76.8M | $414.5M |
| Q1 26 | — | $141.6M | ||
| Q4 25 | $45.0M | $140.7M | ||
| Q3 25 | $91.1M | $141.5M | ||
| Q2 25 | $51.2M | $152.5M | ||
| Q1 25 | $31.8M | $131.6M | ||
| Q4 24 | $24.7M | $136.1M | ||
| Q3 24 | $-7.6M | $138.0M | ||
| Q2 24 | $-7.5M | $139.6M |
| 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% | 40.8% | ||
| Q3 25 | 24.0% | 41.9% | ||
| Q2 25 | 20.7% | 44.0% | ||
| Q1 25 | 7.1% | 39.2% | ||
| Q4 24 | 0.1% | 41.2% | ||
| Q3 24 | -7.9% | 42.4% | ||
| Q2 24 | -31.7% | 43.4% |
| Q1 26 | — | 29.8% | ||
| Q4 25 | 16.6% | 31.3% | ||
| Q3 25 | 39.5% | 32.1% | ||
| Q2 25 | 26.7% | 34.2% | ||
| Q1 25 | 20.0% | 30.7% | ||
| Q4 24 | 17.5% | 32.2% | ||
| Q3 24 | -6.7% | 32.8% | ||
| Q2 24 | -9.8% | 33.7% |
| Q1 26 | — | $0.96 | ||
| Q4 25 | $0.25 | $0.86 | ||
| Q3 25 | $0.50 | $1.06 | ||
| Q2 25 | $0.29 | $1.14 | ||
| Q1 25 | $0.18 | $0.98 | ||
| Q4 24 | $1.23 | $0.83 | ||
| Q3 24 | $-0.05 | $1.01 | ||
| Q2 24 | $-0.05 | $1.03 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $4.3B |
| Total Assets | $1.5B | $35.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.6M | — | ||
| Q3 25 | $140.4M | — | ||
| Q2 25 | $162.3M | — | ||
| Q1 25 | $86.4M | — | ||
| Q4 24 | $79.6M | — | ||
| Q3 24 | $126.1M | — | ||
| Q2 24 | $421.1M | — |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $1.4B | $3.8B | ||
| Q3 25 | $1.3B | $3.8B | ||
| Q2 25 | $1.1B | $3.6B | ||
| Q1 25 | $1.0B | $3.5B | ||
| Q4 24 | $964.8M | $3.3B | ||
| Q3 24 | $889.6M | $3.4B | ||
| Q2 24 | $845.3M | $3.1B |
| Q1 26 | — | $35.7B | ||
| Q4 25 | $1.5B | $32.9B | ||
| Q3 25 | $1.4B | $32.3B | ||
| Q2 25 | $1.3B | $32.3B | ||
| Q1 25 | $1.1B | $32.4B | ||
| Q4 24 | $1.1B | $32.0B | ||
| Q3 24 | $983.1M | $31.5B | ||
| Q2 24 | $915.5M | $30.6B |
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 | $645.1M | ||
| Q3 25 | $78.2M | $129.0M | ||
| Q2 25 | $135.4M | $111.2M | ||
| Q1 25 | $10.5M | $138.6M | ||
| Q4 24 | $39.7M | $577.9M | ||
| Q3 24 | $63.5M | $431.7M | ||
| Q2 24 | $29.8M | $147.4M |
| Q1 26 | — | — | ||
| Q4 25 | $76.6M | $592.4M | ||
| Q3 25 | $65.9M | $113.3M | ||
| Q2 25 | $133.3M | $100.5M | ||
| Q1 25 | $6.0M | $126.0M | ||
| Q4 24 | $24.3M | $531.7M | ||
| Q3 24 | $46.8M | $419.1M | ||
| Q2 24 | $28.5M | $138.9M |
| Q1 26 | — | — | ||
| Q4 25 | 28.3% | 131.8% | ||
| Q3 25 | 28.6% | 25.7% | ||
| Q2 25 | 69.5% | 22.5% | ||
| Q1 25 | 3.7% | 29.4% | ||
| Q4 24 | 17.2% | 126.0% | ||
| Q3 24 | 41.4% | 99.5% | ||
| Q2 24 | 37.1% | 33.5% |
| Q1 26 | — | — | ||
| Q4 25 | 6.9% | 11.7% | ||
| Q3 25 | 5.3% | 3.6% | ||
| Q2 25 | 1.1% | 2.4% | ||
| Q1 25 | 2.8% | 2.9% | ||
| Q4 24 | 10.9% | 10.9% | ||
| Q3 24 | 14.8% | 3.0% | ||
| Q2 24 | 1.7% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.12× | 4.59× | ||
| Q3 25 | 0.86× | 0.91× | ||
| Q2 25 | 2.64× | 0.73× | ||
| Q1 25 | 0.33× | 1.05× | ||
| Q4 24 | 1.61× | 4.25× | ||
| Q3 24 | — | 3.13× | ||
| Q2 24 | — | 1.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
