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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and CSW INDUSTRIALS, INC. (CSW). Click either name above to swap in a different company.
Astera Labs, Inc. is the larger business by last-quarter revenue ($270.6M vs $233.0M, roughly 1.2× CSW INDUSTRIALS, INC.). Astera Labs, Inc. runs the higher net margin — 16.6% vs 4.4%, a 12.2% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs 20.3%). Astera Labs, Inc. produced more free cash flow last quarter ($76.6M vs $22.7M). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs 5.1%).
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.
ALAB vs CSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $233.0M |
| Net Profit | $45.0M | $10.3M |
| Gross Margin | 75.6% | 39.7% |
| Operating Margin | 24.7% | 7.4% |
| Net Margin | 16.6% | 4.4% |
| Revenue YoY | 91.8% | 20.3% |
| Net Profit YoY | 82.0% | -61.9% |
| EPS (diluted) | $0.25 | $0.62 |
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.
| Q4 25 | $270.6M | $233.0M | ||
| Q3 25 | $230.6M | $277.0M | ||
| Q2 25 | $191.9M | $263.6M | ||
| Q1 25 | $159.4M | $230.5M | ||
| Q4 24 | $141.1M | $193.6M | ||
| Q3 24 | $113.1M | $227.9M | ||
| Q2 24 | $76.8M | $226.2M | ||
| Q1 24 | $65.3M | $210.9M |
| Q4 25 | $45.0M | $10.3M | ||
| Q3 25 | $91.1M | $40.7M | ||
| Q2 25 | $51.2M | $40.9M | ||
| Q1 25 | $31.8M | $35.1M | ||
| Q4 24 | $24.7M | $26.9M | ||
| Q3 24 | $-7.6M | $36.1M | ||
| Q2 24 | $-7.5M | $38.6M | ||
| Q1 24 | $-93.0M | $31.8M |
| Q4 25 | 75.6% | 39.7% | ||
| Q3 25 | 76.2% | 43.0% | ||
| Q2 25 | 75.8% | 43.8% | ||
| Q1 25 | 74.9% | 44.2% | ||
| Q4 24 | 74.0% | 41.4% | ||
| Q3 24 | 77.7% | 45.6% | ||
| Q2 24 | 77.9% | 47.5% | ||
| Q1 24 | 77.4% | 44.4% |
| Q4 25 | 24.7% | 7.4% | ||
| Q3 25 | 24.0% | 20.5% | ||
| Q2 25 | 20.7% | 20.8% | ||
| Q1 25 | 7.1% | 19.5% | ||
| Q4 24 | 0.1% | 15.3% | ||
| Q3 24 | -7.9% | 22.6% | ||
| Q2 24 | -31.7% | 24.3% | ||
| Q1 24 | -127.1% | 21.0% |
| Q4 25 | 16.6% | 4.4% | ||
| Q3 25 | 39.5% | 14.7% | ||
| Q2 25 | 26.7% | 15.5% | ||
| Q1 25 | 20.0% | 15.2% | ||
| Q4 24 | 17.5% | 13.9% | ||
| Q3 24 | -6.7% | 15.8% | ||
| Q2 24 | -9.8% | 17.1% | ||
| Q1 24 | -142.5% | 15.1% |
| Q4 25 | $0.25 | $0.62 | ||
| Q3 25 | $0.50 | $2.41 | ||
| Q2 25 | $0.29 | $2.43 | ||
| Q1 25 | $0.18 | $2.05 | ||
| Q4 24 | $1.23 | $1.60 | ||
| Q3 24 | $-0.05 | $2.26 | ||
| Q2 24 | $-0.05 | $2.47 | ||
| Q1 24 | $-1.77 | $2.03 |
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 | $40.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $1.1B |
| Total Assets | $1.5B | $2.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.6M | $40.2M | ||
| Q3 25 | $140.4M | $31.5M | ||
| Q2 25 | $162.3M | $38.0M | ||
| Q1 25 | $86.4M | $225.8M | ||
| Q4 24 | $79.6M | $213.8M | ||
| Q3 24 | $126.1M | $273.2M | ||
| Q2 24 | $421.1M | $18.9M | ||
| Q1 24 | $696.1M | $22.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $800.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $166.0M |
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.0B | $1.1B | ||
| Q4 24 | $964.8M | $1.0B | ||
| Q3 24 | $889.6M | $1.0B | ||
| Q2 24 | $845.3M | $650.2M | ||
| Q1 24 | $808.8M | $615.7M |
| Q4 25 | $1.5B | $2.3B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $983.1M | $1.4B | ||
| Q2 24 | $915.5M | $1.1B | ||
| Q1 24 | $864.9M | $1.0B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.27× |
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 | $28.9M |
| Free Cash FlowOCF − Capex | $76.6M | $22.7M |
| FCF MarginFCF / Revenue | 28.3% | 9.8% |
| Capex IntensityCapex / Revenue | 6.9% | 2.6% |
| Cash ConversionOCF / Net Profit | 2.12× | 2.81× |
| TTM Free Cash FlowTrailing 4 quarters | $281.8M | $162.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.3M | $28.9M | ||
| Q3 25 | $78.2M | $61.8M | ||
| Q2 25 | $135.4M | $60.6M | ||
| Q1 25 | $10.5M | $27.3M | ||
| Q4 24 | $39.7M | $11.6M | ||
| Q3 24 | $63.5M | $66.8M | ||
| Q2 24 | $29.8M | $62.7M | ||
| Q1 24 | $3.7M | $22.4M |
| Q4 25 | $76.6M | $22.7M | ||
| Q3 25 | $65.9M | $58.7M | ||
| Q2 25 | $133.3M | $57.7M | ||
| Q1 25 | $6.0M | $22.8M | ||
| Q4 24 | $24.3M | $8.5M | ||
| Q3 24 | $46.8M | $61.3M | ||
| Q2 24 | $28.5M | $59.6M | ||
| Q1 24 | $228.0K | $17.5M |
| Q4 25 | 28.3% | 9.8% | ||
| Q3 25 | 28.6% | 21.2% | ||
| Q2 25 | 69.5% | 21.9% | ||
| Q1 25 | 3.7% | 9.9% | ||
| Q4 24 | 17.2% | 4.4% | ||
| Q3 24 | 41.4% | 26.9% | ||
| Q2 24 | 37.1% | 26.3% | ||
| Q1 24 | 0.3% | 8.3% |
| Q4 25 | 6.9% | 2.6% | ||
| Q3 25 | 5.3% | 1.1% | ||
| Q2 25 | 1.1% | 1.1% | ||
| Q1 25 | 2.8% | 2.0% | ||
| Q4 24 | 10.9% | 1.6% | ||
| Q3 24 | 14.8% | 2.4% | ||
| Q2 24 | 1.7% | 1.4% | ||
| Q1 24 | 5.2% | 2.3% |
| Q4 25 | 2.12× | 2.81× | ||
| Q3 25 | 0.86× | 1.52× | ||
| Q2 25 | 2.64× | 1.48× | ||
| Q1 25 | 0.33× | 0.78× | ||
| Q4 24 | 1.61× | 0.43× | ||
| Q3 24 | — | 1.85× | ||
| Q2 24 | — | 1.62× | ||
| Q1 24 | — | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALAB
Segment breakdown not available.
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
