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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and Gaming & Leisure Properties, Inc. (GLPI). Click either name above to swap in a different company.
Gaming & Leisure Properties, Inc. is the larger business by last-quarter revenue ($420.0M vs $270.6M, roughly 1.6× Astera Labs, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 16.6%, a 40.4% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs 6.3%). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs 5.0%).
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.
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 62 casino properties, all of which are leased to other companies.
ALAB vs GLPI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $420.0M |
| Net Profit | $45.0M | $239.4M |
| Gross Margin | 75.6% | — |
| Operating Margin | 24.7% | 79.4% |
| Net Margin | 16.6% | 57.0% |
| Revenue YoY | 91.8% | 6.3% |
| Net Profit YoY | 82.0% | 40.5% |
| EPS (diluted) | $0.25 | — |
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 | — | $420.0M | ||
| Q4 25 | $270.6M | $407.0M | ||
| Q3 25 | $230.6M | $397.6M | ||
| Q2 25 | $191.9M | $394.9M | ||
| Q1 25 | $159.4M | $395.2M | ||
| Q4 24 | $141.1M | $389.6M | ||
| Q3 24 | $113.1M | $385.3M | ||
| Q2 24 | $76.8M | $380.6M |
| Q1 26 | — | $239.4M | ||
| Q4 25 | $45.0M | $275.4M | ||
| Q3 25 | $91.1M | $241.2M | ||
| Q2 25 | $51.2M | $151.4M | ||
| Q1 25 | $31.8M | $165.2M | ||
| Q4 24 | $24.7M | $223.6M | ||
| Q3 24 | $-7.6M | $184.7M | ||
| Q2 24 | $-7.5M | $208.3M |
| 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 | — | 79.4% | ||
| Q4 25 | 24.7% | 89.3% | ||
| Q3 25 | 24.0% | 84.8% | ||
| Q2 25 | 20.7% | 61.3% | ||
| Q1 25 | 7.1% | 65.5% | ||
| Q4 24 | 0.1% | 79.1% | ||
| Q3 24 | -7.9% | 70.4% | ||
| Q2 24 | -31.7% | 77.1% |
| Q1 26 | — | 57.0% | ||
| Q4 25 | 16.6% | 67.6% | ||
| Q3 25 | 39.5% | 60.7% | ||
| Q2 25 | 26.7% | 38.4% | ||
| Q1 25 | 20.0% | 41.8% | ||
| Q4 24 | 17.5% | 57.4% | ||
| Q3 24 | -6.7% | 47.9% | ||
| Q2 24 | -9.8% | 54.7% |
| Q1 26 | — | — | ||
| Q4 25 | $0.25 | $0.96 | ||
| Q3 25 | $0.50 | $0.85 | ||
| Q2 25 | $0.29 | $0.54 | ||
| Q1 25 | $0.18 | $0.60 | ||
| Q4 24 | $1.23 | $0.79 | ||
| Q3 24 | $-0.05 | $0.67 | ||
| Q2 24 | $-0.05 | $0.77 |
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 | $274.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $5.0B |
| Total Assets | $1.5B | $13.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $274.5M | ||
| Q4 25 | $167.6M | — | ||
| Q3 25 | $140.4M | — | ||
| Q2 25 | $162.3M | — | ||
| Q1 25 | $86.4M | — | ||
| Q4 24 | $79.6M | $560.8M | ||
| Q3 24 | $126.1M | $560.8M | ||
| Q2 24 | $421.1M | $560.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $7.2B | ||
| Q3 25 | — | $7.2B | ||
| Q2 25 | — | $6.9B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | — | $7.7B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $6.6B |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $1.4B | $4.6B | ||
| Q3 25 | $1.3B | $4.6B | ||
| Q2 25 | $1.1B | $4.6B | ||
| Q1 25 | $1.0B | $4.2B | ||
| Q4 24 | $964.8M | $4.3B | ||
| Q3 24 | $889.6M | $4.3B | ||
| Q2 24 | $845.3M | $4.1B |
| Q1 26 | — | $13.8B | ||
| Q4 25 | $1.5B | $12.9B | ||
| Q3 25 | $1.4B | $12.8B | ||
| Q2 25 | $1.3B | $12.5B | ||
| Q1 25 | $1.1B | $12.1B | ||
| Q4 24 | $1.1B | $13.1B | ||
| Q3 24 | $983.1M | $12.7B | ||
| Q2 24 | $915.5M | $11.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.56× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 1.51× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | 1.74× | ||
| Q2 24 | — | 1.60× |
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 | $1.1B | ||
| Q3 25 | $78.2M | $240.3M | ||
| Q2 25 | $135.4M | $293.4M | ||
| Q1 25 | $10.5M | $252.5M | ||
| Q4 24 | $39.7M | $1.1B | ||
| Q3 24 | $63.5M | $270.4M | ||
| Q2 24 | $29.8M | $252.1M |
| Q1 26 | — | — | ||
| Q4 25 | $76.6M | — | ||
| Q3 25 | $65.9M | $183.0M | ||
| Q2 25 | $133.3M | $272.3M | ||
| Q1 25 | $6.0M | $239.6M | ||
| Q4 24 | $24.3M | $1.1B | ||
| Q3 24 | $46.8M | $261.5M | ||
| Q2 24 | $28.5M | $245.0M |
| Q1 26 | — | — | ||
| Q4 25 | 28.3% | — | ||
| Q3 25 | 28.6% | 46.0% | ||
| Q2 25 | 69.5% | 69.0% | ||
| Q1 25 | 3.7% | 60.6% | ||
| Q4 24 | 17.2% | 275.3% | ||
| Q3 24 | 41.4% | 67.9% | ||
| Q2 24 | 37.1% | 64.4% |
| Q1 26 | — | — | ||
| Q4 25 | 6.9% | — | ||
| Q3 25 | 5.3% | 14.4% | ||
| Q2 25 | 1.1% | 5.3% | ||
| Q1 25 | 2.8% | 3.3% | ||
| Q4 24 | 10.9% | 0.0% | ||
| Q3 24 | 14.8% | 2.3% | ||
| Q2 24 | 1.7% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.12× | 4.10× | ||
| Q3 25 | 0.86× | 1.00× | ||
| Q2 25 | 2.64× | 1.94× | ||
| Q1 25 | 0.33× | 1.53× | ||
| Q4 24 | 1.61× | 4.80× | ||
| Q3 24 | — | 1.46× | ||
| Q2 24 | — | 1.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
