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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and FIRST INTERSTATE BANCSYSTEM INC (FIBK). Click either name above to swap in a different company.

FIRST INTERSTATE BANCSYSTEM INC is the larger business by last-quarter revenue ($313.0M vs $270.6M, roughly 1.2× Astera Labs, Inc.). FIRST INTERSTATE BANCSYSTEM INC runs the higher net margin — 34.8% vs 16.6%, a 18.1% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs 19.8%). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs 13.7%).

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.

First Interstate BancSystem, Inc. is a financial holding company headquartered in Billings, Montana. It is the parent company of First Interstate Bank, a community bank with locations throughout 14 states within the Western and Midwestern United States. It is the largest bank based in Montana, as measured by total assets.

ALAB vs FIBK — Head-to-Head

Bigger by revenue
FIBK
FIBK
1.2× larger
FIBK
$313.0M
$270.6M
ALAB
Growing faster (revenue YoY)
ALAB
ALAB
+72.0% gap
ALAB
91.8%
19.8%
FIBK
Higher net margin
FIBK
FIBK
18.1% more per $
FIBK
34.8%
16.6%
ALAB
Faster 2-yr revenue CAGR
ALAB
ALAB
Annualised
ALAB
103.6%
13.7%
FIBK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALAB
ALAB
FIBK
FIBK
Revenue
$270.6M
$313.0M
Net Profit
$45.0M
$108.8M
Gross Margin
75.6%
Operating Margin
24.7%
44.5%
Net Margin
16.6%
34.8%
Revenue YoY
91.8%
19.8%
Net Profit YoY
82.0%
108.8%
EPS (diluted)
$0.25
$1.07

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.

Revenue
ALAB
ALAB
FIBK
FIBK
Q4 25
$270.6M
$313.0M
Q3 25
$230.6M
$250.5M
Q2 25
$191.9M
$248.3M
Q1 25
$159.4M
$247.0M
Q4 24
$141.1M
$261.3M
Q3 24
$113.1M
$251.9M
Q2 24
$76.8M
$244.3M
Q1 24
$65.3M
$242.2M
Net Profit
ALAB
ALAB
FIBK
FIBK
Q4 25
$45.0M
$108.8M
Q3 25
$91.1M
$71.4M
Q2 25
$51.2M
$71.7M
Q1 25
$31.8M
$50.2M
Q4 24
$24.7M
$52.1M
Q3 24
$-7.6M
$55.5M
Q2 24
$-7.5M
$60.0M
Q1 24
$-93.0M
$58.4M
Gross Margin
ALAB
ALAB
FIBK
FIBK
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 24
77.4%
Operating Margin
ALAB
ALAB
FIBK
FIBK
Q4 25
24.7%
44.5%
Q3 25
24.0%
37.0%
Q2 25
20.7%
37.7%
Q1 25
7.1%
26.9%
Q4 24
0.1%
25.5%
Q3 24
-7.9%
28.9%
Q2 24
-31.7%
32.1%
Q1 24
-127.1%
31.7%
Net Margin
ALAB
ALAB
FIBK
FIBK
Q4 25
16.6%
34.8%
Q3 25
39.5%
28.5%
Q2 25
26.7%
28.9%
Q1 25
20.0%
20.3%
Q4 24
17.5%
19.9%
Q3 24
-6.7%
22.0%
Q2 24
-9.8%
24.6%
Q1 24
-142.5%
24.1%
EPS (diluted)
ALAB
ALAB
FIBK
FIBK
Q4 25
$0.25
$1.07
Q3 25
$0.50
$0.69
Q2 25
$0.29
$0.69
Q1 25
$0.18
$0.49
Q4 24
$1.23
$0.50
Q3 24
$-0.05
$0.54
Q2 24
$-0.05
$0.58
Q1 24
$-1.77
$0.57

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALAB
ALAB
FIBK
FIBK
Cash + ST InvestmentsLiquidity on hand
$167.6M
Total DebtLower is stronger
$146.3M
Stockholders' EquityBook value
$1.4B
$3.4B
Total Assets
$1.5B
$26.6B
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALAB
ALAB
FIBK
FIBK
Q4 25
$167.6M
Q3 25
$140.4M
Q2 25
$162.3M
Q1 25
$86.4M
Q4 24
$79.6M
Q3 24
$126.1M
Q2 24
$421.1M
Q1 24
$696.1M
Total Debt
ALAB
ALAB
FIBK
FIBK
Q4 25
$146.3M
Q3 25
$146.2M
Q2 25
$252.0M
Q1 25
Q4 24
$132.2M
Q3 24
$137.3M
Q2 24
$383.4M
Q1 24
$370.8M
Stockholders' Equity
ALAB
ALAB
FIBK
FIBK
Q4 25
$1.4B
$3.4B
Q3 25
$1.3B
$3.4B
Q2 25
$1.1B
$3.4B
Q1 25
$1.0B
$3.4B
Q4 24
$964.8M
$3.3B
Q3 24
$889.6M
$3.4B
Q2 24
$845.3M
$3.2B
Q1 24
$808.8M
$3.2B
Total Assets
ALAB
ALAB
FIBK
FIBK
Q4 25
$1.5B
$26.6B
Q3 25
$1.4B
$27.3B
Q2 25
$1.3B
$27.6B
Q1 25
$1.1B
$28.3B
Q4 24
$1.1B
$29.1B
Q3 24
$983.1M
$29.6B
Q2 24
$915.5M
$30.3B
Q1 24
$864.9M
$30.1B
Debt / Equity
ALAB
ALAB
FIBK
FIBK
Q4 25
0.04×
Q3 25
0.04×
Q2 25
0.07×
Q1 25
Q4 24
0.04×
Q3 24
0.04×
Q2 24
0.12×
Q1 24
0.12×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALAB
ALAB
FIBK
FIBK
Operating Cash FlowLast quarter
$95.3M
$305.6M
Free Cash FlowOCF − Capex
$76.6M
FCF MarginFCF / Revenue
28.3%
Capex IntensityCapex / Revenue
6.9%
Cash ConversionOCF / Net Profit
2.12×
2.81×
TTM Free Cash FlowTrailing 4 quarters
$281.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALAB
ALAB
FIBK
FIBK
Q4 25
$95.3M
$305.6M
Q3 25
$78.2M
$91.7M
Q2 25
$135.4M
$68.1M
Q1 25
$10.5M
$78.5M
Q4 24
$39.7M
$355.0M
Q3 24
$63.5M
$89.9M
Q2 24
$29.8M
$82.3M
Q1 24
$3.7M
$87.6M
Free Cash Flow
ALAB
ALAB
FIBK
FIBK
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
FCF Margin
ALAB
ALAB
FIBK
FIBK
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%
Capex Intensity
ALAB
ALAB
FIBK
FIBK
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%
Cash Conversion
ALAB
ALAB
FIBK
FIBK
Q4 25
2.12×
2.81×
Q3 25
0.86×
1.28×
Q2 25
2.64×
0.95×
Q1 25
0.33×
1.56×
Q4 24
1.61×
6.81×
Q3 24
1.62×
Q2 24
1.37×
Q1 24
1.50×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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