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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and H2O AMERICA (HTO). Click either name above to swap in a different company.
Astera Labs, Inc. is the larger business by last-quarter revenue ($270.6M vs $199.4M, roughly 1.4× H2O AMERICA). Astera Labs, Inc. runs the higher net margin — 16.6% vs 8.1%, a 8.5% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs 1.5%). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs 15.3%).
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.
H2O Wireless is a United States-based prepaid cell phone service, that utilizes the AT&T network. It is a brand of the mobile virtual network operator (MVNO) Locus Telecommunications, a subsidiary of Telrite Holdings, Inc., since 2019. Locus was formerly a subsidiary of KDDI America corporation, starting in 2010. H2O Wireless is primarily advertised as a non-restrictive phone service for customers to bring or buy unlocked smartphones, although AT&T contract/locked phones may be accepted as well.
ALAB vs HTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $199.4M |
| Net Profit | $45.0M | $16.2M |
| Gross Margin | 75.6% | — |
| Operating Margin | 24.7% | 16.6% |
| Net Margin | 16.6% | 8.1% |
| Revenue YoY | 91.8% | 1.5% |
| Net Profit YoY | 82.0% | -29.2% |
| EPS (diluted) | $0.25 | $0.45 |
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 | $199.4M | ||
| Q3 25 | $230.6M | $243.5M | ||
| Q2 25 | $191.9M | $197.8M | ||
| Q1 25 | $159.4M | $164.9M | ||
| Q4 24 | $141.1M | $196.5M | ||
| Q3 24 | $113.1M | $216.7M | ||
| Q2 24 | $76.8M | $173.1M | ||
| Q1 24 | $65.3M | $150.0M |
| Q4 25 | $45.0M | $16.2M | ||
| Q3 25 | $91.1M | $45.1M | ||
| Q2 25 | $51.2M | $24.7M | ||
| Q1 25 | $31.8M | $16.6M | ||
| Q4 24 | $24.7M | $22.9M | ||
| Q3 24 | $-7.6M | $38.7M | ||
| Q2 24 | $-7.5M | $20.7M | ||
| Q1 24 | $-93.0M | $11.7M |
| 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% | 16.6% | ||
| Q3 25 | 24.0% | 26.5% | ||
| Q2 25 | 20.7% | 22.2% | ||
| Q1 25 | 7.1% | 21.8% | ||
| Q4 24 | 0.1% | 22.2% | ||
| Q3 24 | -7.9% | 26.9% | ||
| Q2 24 | -31.7% | 23.4% | ||
| Q1 24 | -127.1% | 18.6% |
| Q4 25 | 16.6% | 8.1% | ||
| Q3 25 | 39.5% | 18.5% | ||
| Q2 25 | 26.7% | 12.5% | ||
| Q1 25 | 20.0% | 10.0% | ||
| Q4 24 | 17.5% | 11.7% | ||
| Q3 24 | -6.7% | 17.8% | ||
| Q2 24 | -9.8% | 12.0% | ||
| Q1 24 | -142.5% | 7.8% |
| Q4 25 | $0.25 | $0.45 | ||
| Q3 25 | $0.50 | $1.27 | ||
| Q2 25 | $0.29 | $0.71 | ||
| Q1 25 | $0.18 | $0.49 | ||
| Q4 24 | $1.23 | $0.70 | ||
| Q3 24 | $-0.05 | $1.17 | ||
| Q2 24 | $-0.05 | $0.64 | ||
| Q1 24 | $-1.77 | $0.36 |
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 | $20.7M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $1.4B | $1.5B |
| Total Assets | $1.5B | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.6M | $20.7M | ||
| Q3 25 | $140.4M | $11.3M | ||
| Q2 25 | $162.3M | $19.8M | ||
| Q1 25 | $86.4M | $23.7M | ||
| Q4 24 | $79.6M | $11.1M | ||
| Q3 24 | $126.1M | $4.0M | ||
| Q2 24 | $421.1M | $22.8M | ||
| Q1 24 | $696.1M | $4.5M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $964.8M | $1.4B | ||
| Q3 24 | $889.6M | $1.3B | ||
| Q2 24 | $845.3M | $1.3B | ||
| Q1 24 | $808.8M | $1.2B |
| Q4 25 | $1.5B | $5.1B | ||
| Q3 25 | $1.4B | $5.0B | ||
| Q2 25 | $1.3B | $4.8B | ||
| Q1 25 | $1.1B | $4.7B | ||
| Q4 24 | $1.1B | $4.7B | ||
| Q3 24 | $983.1M | $4.6B | ||
| Q2 24 | $915.5M | $4.4B | ||
| Q1 24 | $864.9M | $4.4B |
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $63.5M |
| Free Cash FlowOCF − Capex | $76.6M | — |
| FCF MarginFCF / Revenue | 28.3% | — |
| Capex IntensityCapex / Revenue | 6.9% | — |
| Cash ConversionOCF / Net Profit | 2.12× | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | $281.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.3M | $63.5M | ||
| Q3 25 | $78.2M | $77.3M | ||
| Q2 25 | $135.4M | $60.8M | ||
| Q1 25 | $10.5M | $43.2M | ||
| Q4 24 | $39.7M | $41.5M | ||
| Q3 24 | $63.5M | $53.5M | ||
| Q2 24 | $29.8M | $49.3M | ||
| Q1 24 | $3.7M | $51.2M |
| 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× | 3.92× | ||
| Q3 25 | 0.86× | 1.71× | ||
| Q2 25 | 2.64× | 2.47× | ||
| Q1 25 | 0.33× | 2.61× | ||
| Q4 24 | 1.61× | 1.81× | ||
| Q3 24 | — | 1.39× | ||
| Q2 24 | — | 2.38× | ||
| Q1 24 | — | 4.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALAB
Segment breakdown not available.
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
