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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT). Click either name above to swap in a different company.
Astera Labs, Inc. is the larger business by last-quarter revenue ($270.6M vs $158.8M, roughly 1.7× ESSENTIAL PROPERTIES REALTY TRUST, INC.). ESSENTIAL PROPERTIES REALTY TRUST, INC. runs the higher net margin — 37.8% vs 16.6%, a 21.1% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs 22.8%). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs 20.6%).
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.
Essential Properties Realty Trust is a publicly traded real estate investment trust (REIT) that acquires, owns and manages a diversified portfolio of single-tenant net-leased commercial properties across the United States. Its assets primarily cover essential service-oriented sectors including casual dining, automotive services, medical clinics, early childhood education centers and light industrial facilities, with tenants mostly holding robust long-term operating track records.
ALAB vs EPRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $158.8M |
| Net Profit | $45.0M | $60.0M |
| Gross Margin | 75.6% | — |
| Operating Margin | 24.7% | 56.5% |
| Net Margin | 16.6% | 37.8% |
| Revenue YoY | 91.8% | 22.8% |
| Net Profit YoY | 82.0% | 6.5% |
| EPS (diluted) | $0.25 | $0.28 |
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 | — | $158.8M | ||
| Q4 25 | $270.6M | $149.9M | ||
| Q3 25 | $230.6M | $144.9M | ||
| Q2 25 | $191.9M | $137.1M | ||
| Q1 25 | $159.4M | $129.4M | ||
| Q4 24 | $141.1M | $119.7M | ||
| Q3 24 | $113.1M | $117.1M | ||
| Q2 24 | $76.8M | $109.3M |
| Q1 26 | — | $60.0M | ||
| Q4 25 | $45.0M | $68.1M | ||
| Q3 25 | $91.1M | $65.6M | ||
| Q2 25 | $51.2M | $63.2M | ||
| Q1 25 | $31.8M | $56.1M | ||
| Q4 24 | $24.7M | $55.4M | ||
| Q3 24 | $-7.6M | $49.1M | ||
| Q2 24 | $-7.5M | $51.5M |
| 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 | — | 56.5% | ||
| Q4 25 | 24.7% | 65.9% | ||
| Q3 25 | 24.0% | 64.7% | ||
| Q2 25 | 20.7% | 64.1% | ||
| Q1 25 | 7.1% | 61.6% | ||
| Q4 24 | 0.1% | 66.1% | ||
| Q3 24 | -7.9% | 59.7% | ||
| Q2 24 | -31.7% | 61.1% |
| Q1 26 | — | 37.8% | ||
| Q4 25 | 16.6% | 45.4% | ||
| Q3 25 | 39.5% | 45.3% | ||
| Q2 25 | 26.7% | 46.1% | ||
| Q1 25 | 20.0% | 43.4% | ||
| Q4 24 | 17.5% | 46.3% | ||
| Q3 24 | -6.7% | 42.0% | ||
| Q2 24 | -9.8% | 47.1% |
| Q1 26 | — | $0.28 | ||
| Q4 25 | $0.25 | $0.34 | ||
| Q3 25 | $0.50 | $0.33 | ||
| Q2 25 | $0.29 | $0.32 | ||
| Q1 25 | $0.18 | $0.29 | ||
| Q4 24 | $1.23 | $0.31 | ||
| Q3 24 | $-0.05 | $0.27 | ||
| Q2 24 | $-0.05 | $0.29 |
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 | $15.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $4.4B |
| Total Assets | $1.5B | $7.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $15.2M | ||
| Q4 25 | $167.6M | $60.2M | ||
| Q3 25 | $140.4M | $23.8M | ||
| Q2 25 | $162.3M | $20.8M | ||
| Q1 25 | $86.4M | $47.0M | ||
| Q4 24 | $79.6M | $40.7M | ||
| Q3 24 | $126.1M | $32.7M | ||
| Q2 24 | $421.1M | $23.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $1.4B | $4.2B | ||
| Q3 25 | $1.3B | $3.8B | ||
| Q2 25 | $1.1B | $3.8B | ||
| Q1 25 | $1.0B | $3.8B | ||
| Q4 24 | $964.8M | $3.6B | ||
| Q3 24 | $889.6M | $3.2B | ||
| Q2 24 | $845.3M | $3.2B |
| Q1 26 | — | $7.2B | ||
| Q4 25 | $1.5B | $6.9B | ||
| Q3 25 | $1.4B | $6.6B | ||
| Q2 25 | $1.3B | $6.3B | ||
| Q1 25 | $1.1B | $6.1B | ||
| Q4 24 | $1.1B | $5.8B | ||
| Q3 24 | $983.1M | $5.5B | ||
| Q2 24 | $915.5M | $5.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | — | 0.56× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.69× | ||
| Q2 24 | — | 0.59× |
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 | $381.1M | ||
| Q3 25 | $78.2M | $99.0M | ||
| Q2 25 | $135.4M | $99.8M | ||
| Q1 25 | $10.5M | $77.2M | ||
| Q4 24 | $39.7M | $308.5M | ||
| Q3 24 | $63.5M | $73.5M | ||
| Q2 24 | $29.8M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $76.6M | — | ||
| Q3 25 | $65.9M | — | ||
| Q2 25 | $133.3M | — | ||
| Q1 25 | $6.0M | — | ||
| Q4 24 | $24.3M | — | ||
| Q3 24 | $46.8M | — | ||
| Q2 24 | $28.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | 28.3% | — | ||
| Q3 25 | 28.6% | — | ||
| Q2 25 | 69.5% | — | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 41.4% | — | ||
| Q2 24 | 37.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | 6.9% | — | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 14.8% | — | ||
| Q2 24 | 1.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.12× | 5.60× | ||
| Q3 25 | 0.86× | 1.51× | ||
| Q2 25 | 2.64× | 1.58× | ||
| Q1 25 | 0.33× | 1.38× | ||
| Q4 24 | 1.61× | 5.57× | ||
| Q3 24 | — | 1.50× | ||
| Q2 24 | — | 1.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALAB
Segment breakdown not available.
EPRT
| Rental revenue 1,2 | $149.4M | 94% |
| Other | $8.6M | 5% |
| Other revenue | $779.0K | 0% |
