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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and HCI Group, Inc. (HCI). Click either name above to swap in a different company.
Astera Labs, Inc. is the larger business by last-quarter revenue ($270.6M vs $246.2M, roughly 1.1× HCI Group, Inc.). HCI Group, Inc. runs the higher net margin — 39.7% vs 16.6%, a 23.0% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs 52.1%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $76.6M). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs 9.2%).
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.
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
ALAB vs HCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $246.2M |
| Net Profit | $45.0M | $97.7M |
| Gross Margin | 75.6% | — |
| Operating Margin | 24.7% | 58.5% |
| Net Margin | 16.6% | 39.7% |
| Revenue YoY | 91.8% | 52.1% |
| Net Profit YoY | 82.0% | 3679.2% |
| EPS (diluted) | $0.25 | $7.29 |
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 | $246.2M | ||
| Q3 25 | $230.6M | $216.3M | ||
| Q2 25 | $191.9M | $221.9M | ||
| Q1 25 | $159.4M | $216.4M | ||
| Q4 24 | $141.1M | $161.9M | ||
| Q3 24 | $113.1M | $175.3M | ||
| Q2 24 | $76.8M | $206.2M | ||
| Q1 24 | $65.3M | $206.6M |
| Q4 25 | $45.0M | $97.7M | ||
| Q3 25 | $91.1M | $65.5M | ||
| Q2 25 | $51.2M | $66.2M | ||
| Q1 25 | $31.8M | $69.7M | ||
| Q4 24 | $24.7M | $2.6M | ||
| Q3 24 | $-7.6M | $5.7M | ||
| Q2 24 | $-7.5M | $54.1M | ||
| Q1 24 | $-93.0M | $47.6M |
| 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% | — |
| Q4 25 | 24.7% | 58.5% | ||
| Q3 25 | 24.0% | 41.9% | ||
| Q2 25 | 20.7% | 42.5% | ||
| Q1 25 | 7.1% | 46.4% | ||
| Q4 24 | 0.1% | 3.6% | ||
| Q3 24 | -7.9% | 8.0% | ||
| Q2 24 | -31.7% | 36.9% | ||
| Q1 24 | -127.1% | 37.5% |
| Q4 25 | 16.6% | 39.7% | ||
| Q3 25 | 39.5% | 30.3% | ||
| Q2 25 | 26.7% | 29.8% | ||
| Q1 25 | 20.0% | 32.2% | ||
| Q4 24 | 17.5% | 1.6% | ||
| Q3 24 | -6.7% | 3.2% | ||
| Q2 24 | -9.8% | 26.2% | ||
| Q1 24 | -142.5% | 23.0% |
| Q4 25 | $0.25 | $7.29 | ||
| Q3 25 | $0.50 | $4.90 | ||
| Q2 25 | $0.29 | $5.18 | ||
| Q1 25 | $0.18 | $5.35 | ||
| Q4 24 | $1.23 | $0.32 | ||
| Q3 24 | $-0.05 | $0.52 | ||
| Q2 24 | $-0.05 | $4.24 | ||
| Q1 24 | $-1.77 | $3.81 |
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 | $1.2B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $1.0B |
| Total Assets | $1.5B | $2.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.6M | $1.2B | ||
| Q3 25 | $140.4M | $987.9M | ||
| Q2 25 | $162.3M | $947.2M | ||
| Q1 25 | $86.4M | $754.5M | ||
| Q4 24 | $79.6M | $532.5M | ||
| Q3 24 | $126.1M | $518.8M | ||
| Q2 24 | $421.1M | $445.8M | ||
| Q1 24 | $696.1M | $655.4M |
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $1.3B | $821.8M | ||
| Q2 25 | $1.1B | $758.6M | ||
| Q1 25 | $1.0B | $522.7M | ||
| Q4 24 | $964.8M | $453.3M | ||
| Q3 24 | $889.6M | $455.3M | ||
| Q2 24 | $845.3M | $447.3M | ||
| Q1 24 | $808.8M | $395.7M |
| Q4 25 | $1.5B | $2.5B | ||
| Q3 25 | $1.4B | $2.3B | ||
| Q2 25 | $1.3B | $2.4B | ||
| Q1 25 | $1.1B | $2.3B | ||
| Q4 24 | $1.1B | $2.2B | ||
| Q3 24 | $983.1M | $2.0B | ||
| Q2 24 | $915.5M | $1.9B | ||
| Q1 24 | $864.9M | $1.8B |
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 | $444.4M |
| Free Cash FlowOCF − Capex | $76.6M | $440.8M |
| FCF MarginFCF / Revenue | 28.3% | 179.0% |
| Capex IntensityCapex / Revenue | 6.9% | 1.5% |
| Cash ConversionOCF / Net Profit | 2.12× | 4.55× |
| TTM Free Cash FlowTrailing 4 quarters | $281.8M | $771.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.3M | $444.4M | ||
| Q3 25 | $78.2M | $26.7M | ||
| Q2 25 | $135.4M | $145.0M | ||
| Q1 25 | $10.5M | $162.0M | ||
| Q4 24 | $39.7M | $331.8M | ||
| Q3 24 | $63.5M | $104.1M | ||
| Q2 24 | $29.8M | $-29.0M | ||
| Q1 24 | $3.7M | $182.0M |
| Q4 25 | $76.6M | $440.8M | ||
| Q3 25 | $65.9M | $25.9M | ||
| Q2 25 | $133.3M | $144.5M | ||
| Q1 25 | $6.0M | $160.3M | ||
| Q4 24 | $24.3M | $327.8M | ||
| Q3 24 | $46.8M | $103.2M | ||
| Q2 24 | $28.5M | $-30.1M | ||
| Q1 24 | $228.0K | $181.0M |
| Q4 25 | 28.3% | 179.0% | ||
| Q3 25 | 28.6% | 12.0% | ||
| Q2 25 | 69.5% | 65.1% | ||
| Q1 25 | 3.7% | 74.1% | ||
| Q4 24 | 17.2% | 202.5% | ||
| Q3 24 | 41.4% | 58.9% | ||
| Q2 24 | 37.1% | -14.6% | ||
| Q1 24 | 0.3% | 87.6% |
| Q4 25 | 6.9% | 1.5% | ||
| Q3 25 | 5.3% | 0.4% | ||
| Q2 25 | 1.1% | 0.2% | ||
| Q1 25 | 2.8% | 0.8% | ||
| Q4 24 | 10.9% | 2.5% | ||
| Q3 24 | 14.8% | 0.5% | ||
| Q2 24 | 1.7% | 0.5% | ||
| Q1 24 | 5.2% | 0.5% |
| Q4 25 | 2.12× | 4.55× | ||
| Q3 25 | 0.86× | 0.41× | ||
| Q2 25 | 2.64× | 2.19× | ||
| Q1 25 | 0.33× | 2.32× | ||
| Q4 24 | 1.61× | 128.41× | ||
| Q3 24 | — | 18.33× | ||
| Q2 24 | — | -0.54× | ||
| Q1 24 | — | 3.82× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALAB
Segment breakdown not available.
HCI
| Insurance Operation | $218.3M | 89% |
| Reciprocal Exchange Operation | $27.0M | 11% |
