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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI). Click either name above to swap in a different company.
Astera Labs, Inc. is the larger business by last-quarter revenue ($308.4M vs $240.5M, roughly 1.3× COGENT COMMUNICATIONS HOLDINGS, INC.). Astera Labs, Inc. runs the higher net margin — 26.0% vs -12.8%, a 38.8% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (93.4% vs -4.7%). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (100.3% CAGR vs -4.9%).
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.
Cogent Communications Holdings, Inc. is a multinational internet service provider based in the United States. Cogent's primary services consist of Internet access and data transport, offered on a fiber optic, IP data-only network, along with colocation in data centers.
ALAB vs CCOI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $308.4M | $240.5M |
| Net Profit | $80.3M | $-30.8M |
| Gross Margin | 76.3% | 46.6% |
| Operating Margin | 20.1% | -4.7% |
| Net Margin | 26.0% | -12.8% |
| Revenue YoY | 93.4% | -4.7% |
| Net Profit YoY | 152.4% | 28.9% |
| EPS (diluted) | $0.44 | $-0.63 |
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 | $308.4M | — | ||
| Q4 25 | $270.6M | $240.5M | ||
| Q3 25 | $230.6M | $241.9M | ||
| Q2 25 | $191.9M | $246.2M | ||
| Q1 25 | $159.4M | $247.0M | ||
| Q4 24 | $141.1M | $252.3M | ||
| Q3 24 | $113.1M | $257.2M | ||
| Q2 24 | $76.8M | $260.4M |
| Q1 26 | $80.3M | — | ||
| Q4 25 | $45.0M | $-30.8M | ||
| Q3 25 | $91.1M | $-41.5M | ||
| Q2 25 | $51.2M | $-57.8M | ||
| Q1 25 | $31.8M | $-52.0M | ||
| Q4 24 | $24.7M | $-43.3M | ||
| Q3 24 | $-7.6M | $-63.1M | ||
| Q2 24 | $-7.5M | $-32.3M |
| Q1 26 | 76.3% | — | ||
| Q4 25 | 75.6% | 46.6% | ||
| Q3 25 | 76.2% | 45.6% | ||
| Q2 25 | 75.8% | 44.2% | ||
| Q1 25 | 74.9% | 44.4% | ||
| Q4 24 | 74.0% | 38.5% | ||
| Q3 24 | 77.7% | 37.2% | ||
| Q2 24 | 77.9% | 40.0% |
| Q1 26 | 20.1% | — | ||
| Q4 25 | 24.7% | -4.7% | ||
| Q3 25 | 24.0% | -7.5% | ||
| Q2 25 | 20.7% | -12.8% | ||
| Q1 25 | 7.1% | -16.3% | ||
| Q4 24 | 0.1% | -13.2% | ||
| Q3 24 | -7.9% | -22.5% | ||
| Q2 24 | -31.7% | -18.1% |
| Q1 26 | 26.0% | — | ||
| Q4 25 | 16.6% | -12.8% | ||
| Q3 25 | 39.5% | -17.2% | ||
| Q2 25 | 26.7% | -23.5% | ||
| Q1 25 | 20.0% | -21.1% | ||
| Q4 24 | 17.5% | -17.2% | ||
| Q3 24 | -6.7% | -24.5% | ||
| Q2 24 | -9.8% | -12.4% |
| Q1 26 | $0.44 | — | ||
| Q4 25 | $0.25 | $-0.63 | ||
| Q3 25 | $0.50 | $-0.87 | ||
| Q2 25 | $0.29 | $-1.21 | ||
| Q1 25 | $0.18 | $-1.09 | ||
| Q4 24 | $1.23 | $-0.89 | ||
| Q3 24 | $-0.05 | $-1.33 | ||
| Q2 24 | $-0.05 | $-0.68 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $148.3M | $148.5M |
| Total DebtLower is stronger | — | $1.7B |
| Stockholders' EquityBook value | $1.5B | $-63.8M |
| Total Assets | $1.7B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $148.3M | — | ||
| Q4 25 | $167.6M | $148.5M | ||
| Q3 25 | $140.4M | $147.1M | ||
| Q2 25 | $162.3M | $213.7M | ||
| Q1 25 | $86.4M | $153.8M | ||
| Q4 24 | $79.6M | $198.5M | ||
| Q3 24 | $126.1M | $279.2M | ||
| Q2 24 | $421.1M | $384.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.4B | $-63.8M | ||
| Q3 25 | $1.3B | $-39.2M | ||
| Q2 25 | $1.1B | $46.7M | ||
| Q1 25 | $1.0B | $142.8M | ||
| Q4 24 | $964.8M | $222.8M | ||
| Q3 24 | $889.6M | $323.6M | ||
| Q2 24 | $845.3M | $415.5M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.5B | $3.1B | ||
| Q3 25 | $1.4B | $3.1B | ||
| Q2 25 | $1.3B | $3.3B | ||
| Q1 25 | $1.1B | $3.1B | ||
| Q4 24 | $1.1B | $3.2B | ||
| Q3 24 | $983.1M | $3.2B | ||
| Q2 24 | $915.5M | $3.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.53× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $74.6M | $-6.0M |
| Free Cash FlowOCF − Capex | — | $-43.0M |
| FCF MarginFCF / Revenue | — | -17.9% |
| Capex IntensityCapex / Revenue | — | 15.4% |
| Cash ConversionOCF / Net Profit | 0.93× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-198.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $74.6M | — | ||
| Q4 25 | $95.3M | $-6.0M | ||
| Q3 25 | $78.2M | $3.1M | ||
| Q2 25 | $135.4M | $-44.0M | ||
| Q1 25 | $10.5M | $36.4M | ||
| Q4 24 | $39.7M | $14.5M | ||
| Q3 24 | $63.5M | $-20.2M | ||
| Q2 24 | $29.8M | $-22.2M |
| Q1 26 | — | — | ||
| Q4 25 | $76.6M | $-43.0M | ||
| Q3 25 | $65.9M | $-33.1M | ||
| Q2 25 | $133.3M | $-100.2M | ||
| Q1 25 | $6.0M | $-21.7M | ||
| Q4 24 | $24.3M | $-31.6M | ||
| Q3 24 | $46.8M | $-79.5M | ||
| Q2 24 | $28.5M | $-70.9M |
| Q1 26 | — | — | ||
| Q4 25 | 28.3% | -17.9% | ||
| Q3 25 | 28.6% | -13.7% | ||
| Q2 25 | 69.5% | -40.7% | ||
| Q1 25 | 3.7% | -8.8% | ||
| Q4 24 | 17.2% | -12.5% | ||
| Q3 24 | 41.4% | -30.9% | ||
| Q2 24 | 37.1% | -27.2% |
| Q1 26 | — | — | ||
| Q4 25 | 6.9% | 15.4% | ||
| Q3 25 | 5.3% | 15.0% | ||
| Q2 25 | 1.1% | 22.8% | ||
| Q1 25 | 2.8% | 23.5% | ||
| Q4 24 | 10.9% | 18.3% | ||
| Q3 24 | 14.8% | 23.0% | ||
| Q2 24 | 1.7% | 18.7% |
| Q1 26 | 0.93× | — | ||
| Q4 25 | 2.12× | — | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 2.64× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
