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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and Compass Diversified Holdings (CODI). Click either name above to swap in a different company.
Compass Diversified Holdings is the larger business by last-quarter revenue ($468.6M vs $308.4M, roughly 1.5× Astera Labs, Inc.). Astera Labs, Inc. runs the higher net margin — 26.0% vs -16.8%, a 42.9% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (93.4% vs -5.1%). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (100.3% CAGR vs 6.8%).
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.
Compass Diversified Holdings is a publicly traded holding firm that acquires and operates a diverse portfolio of middle-market businesses across sectors including consumer goods, industrial manufacturing, outdoor recreation, and food & beverage. It partners with portfolio company leadership teams to drive long-term operational growth and value creation, primarily serving North American markets.
ALAB vs CODI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $308.4M | $468.6M |
| Net Profit | $80.3M | $-78.8M |
| Gross Margin | 76.3% | 43.1% |
| Operating Margin | 20.1% | 9.8% |
| Net Margin | 26.0% | -16.8% |
| Revenue YoY | 93.4% | -5.1% |
| Net Profit YoY | 152.4% | -14.4% |
| EPS (diluted) | $0.44 | $-0.91 |
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 | $468.6M | ||
| Q3 25 | $230.6M | $472.6M | ||
| Q2 25 | $191.9M | $478.7M | ||
| Q1 25 | $159.4M | $453.8M | ||
| Q4 24 | $141.1M | $493.9M | ||
| Q3 24 | $113.1M | $456.6M | ||
| Q2 24 | $76.8M | $426.7M |
| Q1 26 | $80.3M | — | ||
| Q4 25 | $45.0M | $-78.8M | ||
| Q3 25 | $91.1M | $-74.0M | ||
| Q2 25 | $51.2M | $-51.2M | ||
| Q1 25 | $31.8M | $-30.0M | ||
| Q4 24 | $24.7M | $-68.9M | ||
| Q3 24 | $-7.6M | $-36.0M | ||
| Q2 24 | $-7.5M | $-73.1M |
| Q1 26 | 76.3% | — | ||
| Q4 25 | 75.6% | 43.1% | ||
| Q3 25 | 76.2% | 44.0% | ||
| Q2 25 | 75.8% | 43.6% | ||
| Q1 25 | 74.9% | 43.2% | ||
| Q4 24 | 74.0% | 38.6% | ||
| Q3 24 | 77.7% | 43.1% | ||
| Q2 24 | 77.9% | 44.1% |
| Q1 26 | 20.1% | — | ||
| Q4 25 | 24.7% | 9.8% | ||
| Q3 25 | 24.0% | -2.3% | ||
| Q2 25 | 20.7% | -5.7% | ||
| Q1 25 | 7.1% | 0.8% | ||
| Q4 24 | 0.1% | -3.8% | ||
| Q3 24 | -7.9% | 1.8% | ||
| Q2 24 | -31.7% | 1.8% |
| Q1 26 | 26.0% | — | ||
| Q4 25 | 16.6% | -16.8% | ||
| Q3 25 | 39.5% | -15.7% | ||
| Q2 25 | 26.7% | -10.7% | ||
| Q1 25 | 20.0% | -6.6% | ||
| Q4 24 | 17.5% | -13.9% | ||
| Q3 24 | -6.7% | -7.9% | ||
| Q2 24 | -9.8% | -17.1% |
| Q1 26 | $0.44 | — | ||
| Q4 25 | $0.25 | $-0.91 | ||
| Q3 25 | $0.50 | $-1.21 | ||
| Q2 25 | $0.29 | $-0.88 | ||
| Q1 25 | $0.18 | $-0.59 | ||
| Q4 24 | $1.23 | $-0.57 | ||
| Q3 24 | $-0.05 | $-0.62 | ||
| Q2 24 | $-0.05 | $-1.12 |
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 | $68.0M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $1.5B | $442.0M |
| Total Assets | $1.7B | $3.0B |
| Debt / EquityLower = less leverage | — | 4.25× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $148.3M | — | ||
| Q4 25 | $167.6M | $68.0M | ||
| Q3 25 | $140.4M | $61.1M | ||
| Q2 25 | $162.3M | $73.8M | ||
| Q1 25 | $86.4M | $146.2M | ||
| Q4 24 | $79.6M | $59.7M | ||
| Q3 24 | $126.1M | $64.9M | ||
| Q2 24 | $421.1M | $61.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.7B |
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.4B | $442.0M | ||
| Q3 25 | $1.3B | $519.2M | ||
| Q2 25 | $1.1B | $601.9M | ||
| Q1 25 | $1.0B | $680.7M | ||
| Q4 24 | $964.8M | $678.6M | ||
| Q3 24 | $889.6M | $672.2M | ||
| Q2 24 | $845.3M | $711.3M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.5B | $3.0B | ||
| Q3 25 | $1.4B | $3.2B | ||
| Q2 25 | $1.3B | $3.3B | ||
| Q1 25 | $1.1B | $3.4B | ||
| Q4 24 | $1.1B | $3.3B | ||
| Q3 24 | $983.1M | $3.3B | ||
| Q2 24 | $915.5M | $3.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.25× | ||
| Q3 25 | — | 3.62× | ||
| Q2 25 | — | 3.09× | ||
| Q1 25 | — | 2.73× | ||
| Q4 24 | — | 2.61× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | — | 2.42× |
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 | $47.0M |
| Free Cash FlowOCF − Capex | — | $36.9M |
| FCF MarginFCF / Revenue | — | 7.9% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | 0.93× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-51.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $74.6M | — | ||
| Q4 25 | $95.3M | $47.0M | ||
| Q3 25 | $78.2M | $10.7M | ||
| Q2 25 | $135.4M | $-35.2M | ||
| Q1 25 | $10.5M | $-29.3M | ||
| Q4 24 | $39.7M | $-16.1M | ||
| Q3 24 | $63.5M | $-48.4M | ||
| Q2 24 | $29.8M | $-61.3M |
| Q1 26 | — | — | ||
| Q4 25 | $76.6M | $36.9M | ||
| Q3 25 | $65.9M | $481.0K | ||
| Q2 25 | $133.3M | $-46.0M | ||
| Q1 25 | $6.0M | $-42.4M | ||
| Q4 24 | $24.3M | $-39.0M | ||
| Q3 24 | $46.8M | $-63.5M | ||
| Q2 24 | $28.5M | $-72.2M |
| Q1 26 | — | — | ||
| Q4 25 | 28.3% | 7.9% | ||
| Q3 25 | 28.6% | 0.1% | ||
| Q2 25 | 69.5% | -9.6% | ||
| Q1 25 | 3.7% | -9.4% | ||
| Q4 24 | 17.2% | -7.9% | ||
| Q3 24 | 41.4% | -13.9% | ||
| Q2 24 | 37.1% | -16.9% |
| Q1 26 | — | — | ||
| Q4 25 | 6.9% | 2.2% | ||
| Q3 25 | 5.3% | 2.2% | ||
| Q2 25 | 1.1% | 2.3% | ||
| Q1 25 | 2.8% | 2.9% | ||
| Q4 24 | 10.9% | 4.6% | ||
| Q3 24 | 14.8% | 3.3% | ||
| Q2 24 | 1.7% | 2.6% |
| 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.
Revenue Breakdown by Segment
ALAB
Segment breakdown not available.
CODI
| Other | $119.5M | 26% |
| A5.11Tactical | $113.9M | 24% |
| Sterno Products | $85.9M | 18% |
| Altor | $60.8M | 13% |
| The Honey Pot | $36.0M | 8% |
| Arnold | $25.4M | 5% |
| Velocity Outdoor | $18.7M | 4% |
| Lugano | $8.3M | 2% |
