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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and Essex Property Trust (ESS). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $270.6M, roughly 1.8× Astera Labs, Inc.). Essex Property Trust runs the higher net margin — 17.9% vs 16.6%, a 1.3% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs 5.5%). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs 6.0%).
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.
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
ALAB vs ESS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $479.6M |
| Net Profit | $45.0M | $85.7M |
| Gross Margin | 75.6% | 70.0% |
| Operating Margin | 24.7% | 31.7% |
| Net Margin | 16.6% | 17.9% |
| Revenue YoY | 91.8% | 5.5% |
| Net Profit YoY | 82.0% | -71.6% |
| EPS (diluted) | $0.25 | $1.24 |
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 | $479.6M | ||
| Q3 25 | $230.6M | $473.3M | ||
| Q2 25 | $191.9M | $469.8M | ||
| Q1 25 | $159.4M | $464.6M | ||
| Q4 24 | $141.1M | $454.5M | ||
| Q3 24 | $113.1M | $450.7M | ||
| Q2 24 | $76.8M | $442.4M | ||
| Q1 24 | $65.3M | $426.9M |
| Q4 25 | $45.0M | $85.7M | ||
| Q3 25 | $91.1M | $172.7M | ||
| Q2 25 | $51.2M | $231.5M | ||
| Q1 25 | $31.8M | $212.8M | ||
| Q4 24 | $24.7M | $301.7M | ||
| Q3 24 | $-7.6M | $125.5M | ||
| Q2 24 | $-7.5M | $99.0M | ||
| Q1 24 | $-93.0M | $285.1M |
| Q4 25 | 75.6% | 70.0% | ||
| Q3 25 | 76.2% | 69.2% | ||
| Q2 25 | 75.8% | 70.7% | ||
| Q1 25 | 74.9% | 69.6% | ||
| Q4 24 | 74.0% | 70.0% | ||
| Q3 24 | 77.7% | 69.5% | ||
| Q2 24 | 77.9% | 70.8% | ||
| Q1 24 | 77.4% | 69.7% |
| Q4 25 | 24.7% | 31.7% | ||
| Q3 25 | 24.0% | 44.5% | ||
| Q2 25 | 20.7% | 59.5% | ||
| Q1 25 | 7.1% | 55.3% | ||
| Q4 24 | 0.1% | 67.0% | ||
| Q3 24 | -7.9% | 28.6% | ||
| Q2 24 | -31.7% | 31.1% | ||
| Q1 24 | -127.1% | 31.0% |
| Q4 25 | 16.6% | 17.9% | ||
| Q3 25 | 39.5% | 36.5% | ||
| Q2 25 | 26.7% | 49.3% | ||
| Q1 25 | 20.0% | 45.8% | ||
| Q4 24 | 17.5% | 66.4% | ||
| Q3 24 | -6.7% | 27.8% | ||
| Q2 24 | -9.8% | 22.4% | ||
| Q1 24 | -142.5% | 66.8% |
| Q4 25 | $0.25 | $1.24 | ||
| Q3 25 | $0.50 | $2.56 | ||
| Q2 25 | $0.29 | $3.44 | ||
| Q1 25 | $0.18 | $3.16 | ||
| Q4 24 | $1.23 | $4.00 | ||
| Q3 24 | $-0.05 | $1.84 | ||
| Q2 24 | $-0.05 | $1.45 | ||
| Q1 24 | $-1.77 | $4.25 |
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 | $76.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $5.5B |
| Total Assets | $1.5B | $13.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.6M | $76.2M | ||
| Q3 25 | $140.4M | $66.0M | ||
| Q2 25 | $162.3M | $58.7M | ||
| Q1 25 | $86.4M | $98.7M | ||
| Q4 24 | $79.6M | $66.8M | ||
| Q3 24 | $126.1M | $71.3M | ||
| Q2 24 | $421.1M | $55.2M | ||
| Q1 24 | $696.1M | $499.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.2B | ||
| Q1 24 | — | $6.6B |
| Q4 25 | $1.4B | $5.5B | ||
| Q3 25 | $1.3B | $5.6B | ||
| Q2 25 | $1.1B | $5.6B | ||
| Q1 25 | $1.0B | $5.6B | ||
| Q4 24 | $964.8M | $5.5B | ||
| Q3 24 | $889.6M | $5.4B | ||
| Q2 24 | $845.3M | $5.5B | ||
| Q1 24 | $808.8M | $5.5B |
| Q4 25 | $1.5B | $13.2B | ||
| Q3 25 | $1.4B | $13.2B | ||
| Q2 25 | $1.3B | $13.2B | ||
| Q1 25 | $1.1B | $13.2B | ||
| Q4 24 | $1.1B | $12.9B | ||
| Q3 24 | $983.1M | $12.6B | ||
| Q2 24 | $915.5M | $12.5B | ||
| Q1 24 | $864.9M | $12.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | — | 1.19× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $76.6M | — |
| FCF MarginFCF / Revenue | 28.3% | — |
| Capex IntensityCapex / Revenue | 6.9% | — |
| Cash ConversionOCF / Net Profit | 2.12× | 12.53× |
| TTM Free Cash FlowTrailing 4 quarters | $281.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.3M | $1.1B | ||
| Q3 25 | $78.2M | $342.6M | ||
| Q2 25 | $135.4M | $216.1M | ||
| Q1 25 | $10.5M | $281.5M | ||
| Q4 24 | $39.7M | $1.1B | ||
| Q3 24 | $63.5M | $316.2M | ||
| Q2 24 | $29.8M | $218.9M | ||
| Q1 24 | $3.7M | $314.9M |
| 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 24 | $228.0K | — |
| 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 24 | 0.3% | — |
| 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 24 | 5.2% | — |
| Q4 25 | 2.12× | 12.53× | ||
| Q3 25 | 0.86× | 1.98× | ||
| Q2 25 | 2.64× | 0.93× | ||
| Q1 25 | 0.33× | 1.32× | ||
| Q4 24 | 1.61× | 3.54× | ||
| Q3 24 | — | 2.52× | ||
| Q2 24 | — | 2.21× | ||
| Q1 24 | — | 1.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
