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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and IDEX Corporation (IEX). Click either name above to swap in a different company.
IDEX Corporation is the larger business by last-quarter revenue ($398.4M vs $270.6M, roughly 1.5× Astera Labs, Inc.). IDEX Corporation runs the higher net margin — 30.1% vs 16.6%, a 13.5% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs 16.7%). IDEX Corporation produced more free cash flow last quarter ($86.0M vs $76.6M). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs -29.4%).
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.
IDEX can refer to several things, including:International Defence Exhibition, a biennial arms and defense technology sales exhibition IDEX Corporation, a publicly listed company that makes fluidics systems and specialty engineered products Ideanomics, a publicly traded company that trades under the IDEX ticker symbol.
ALAB vs IEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $398.4M |
| Net Profit | $45.0M | $120.0M |
| Gross Margin | 75.6% | 99.9% |
| Operating Margin | 24.7% | 43.3% |
| Net Margin | 16.6% | 30.1% |
| Revenue YoY | 91.8% | 16.7% |
| Net Profit YoY | 82.0% | 25.7% |
| EPS (diluted) | $0.25 | $1.61 |
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.
| Q2 26 | — | $398.4M | ||
| Q1 26 | — | $407.7M | ||
| Q4 25 | $270.6M | $899.1M | ||
| Q3 25 | $230.6M | $878.7M | ||
| Q2 25 | $191.9M | $865.4M | ||
| Q1 25 | $159.4M | $814.3M | ||
| Q4 24 | $141.1M | $862.9M | ||
| Q3 24 | $113.1M | $798.2M |
| Q2 26 | — | $120.0M | ||
| Q1 26 | — | $128.3M | ||
| Q4 25 | $45.0M | $128.3M | ||
| Q3 25 | $91.1M | $127.8M | ||
| Q2 25 | $51.2M | $131.6M | ||
| Q1 25 | $31.8M | $95.5M | ||
| Q4 24 | $24.7M | $123.2M | ||
| Q3 24 | $-7.6M | $119.1M |
| Q2 26 | — | 99.9% | ||
| Q1 26 | — | 94.9% | ||
| Q4 25 | 75.6% | 43.1% | ||
| Q3 25 | 76.2% | 44.5% | ||
| Q2 25 | 75.8% | 45.3% | ||
| Q1 25 | 74.9% | 45.3% | ||
| Q4 24 | 74.0% | 42.5% | ||
| Q3 24 | 77.7% | 44.3% |
| Q2 26 | — | 43.3% | ||
| Q1 26 | — | 45.0% | ||
| Q4 25 | 24.7% | 20.4% | ||
| Q3 25 | 24.0% | 21.1% | ||
| Q2 25 | 20.7% | 21.7% | ||
| Q1 25 | 7.1% | 17.4% | ||
| Q4 24 | 0.1% | 19.2% | ||
| Q3 24 | -7.9% | 21.0% |
| Q2 26 | — | 30.1% | ||
| Q1 26 | — | 31.5% | ||
| Q4 25 | 16.6% | 14.3% | ||
| Q3 25 | 39.5% | 14.5% | ||
| Q2 25 | 26.7% | 15.2% | ||
| Q1 25 | 20.0% | 11.7% | ||
| Q4 24 | 17.5% | 14.3% | ||
| Q3 24 | -6.7% | 14.9% |
| Q2 26 | — | $1.61 | ||
| Q1 26 | — | $1.71 | ||
| Q4 25 | $0.25 | $1.71 | ||
| Q3 25 | $0.50 | $1.70 | ||
| Q2 25 | $0.29 | $1.74 | ||
| Q1 25 | $0.18 | $1.26 | ||
| Q4 24 | $1.23 | $1.61 | ||
| Q3 24 | $-0.05 | $1.57 |
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 | $586.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $4.0B |
| Total Assets | $1.5B | $6.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $586.2M | ||
| Q1 26 | — | $580.0M | ||
| Q4 25 | $167.6M | $580.0M | ||
| Q3 25 | $140.4M | $593.8M | ||
| Q2 25 | $162.3M | $568.2M | ||
| Q1 25 | $86.4M | $594.1M | ||
| Q4 24 | $79.6M | $620.8M | ||
| Q3 24 | $126.1M | $633.2M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.1B |
| Q2 26 | — | $4.0B | ||
| Q1 26 | — | $4.0B | ||
| Q4 25 | $1.4B | $4.0B | ||
| Q3 25 | $1.3B | $4.0B | ||
| Q2 25 | $1.1B | $4.0B | ||
| Q1 25 | $1.0B | $3.9B | ||
| Q4 24 | $964.8M | $3.8B | ||
| Q3 24 | $889.6M | $3.8B |
| Q2 26 | — | $6.9B | ||
| Q1 26 | — | $6.9B | ||
| Q4 25 | $1.5B | $6.9B | ||
| Q3 25 | $1.4B | $7.0B | ||
| Q2 25 | $1.3B | $6.9B | ||
| Q1 25 | $1.1B | $6.8B | ||
| Q4 24 | $1.1B | $6.7B | ||
| Q3 24 | $983.1M | $7.0B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.55× |
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 | $86.0M |
| FCF MarginFCF / Revenue | 28.3% | 21.6% |
| Capex IntensityCapex / Revenue | 6.9% | 4.4% |
| Cash ConversionOCF / Net Profit | 2.12× | — |
| TTM Free Cash FlowTrailing 4 quarters | $281.8M | $654.3M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $95.3M | $209.5M | ||
| Q3 25 | $78.2M | $203.5M | ||
| Q2 25 | $135.4M | $161.7M | ||
| Q1 25 | $10.5M | $105.7M | ||
| Q4 24 | $39.7M | $172.6M | ||
| Q3 24 | $63.5M | $205.3M |
| Q2 26 | — | $86.0M | ||
| Q1 26 | — | $189.8M | ||
| Q4 25 | $76.6M | $189.8M | ||
| Q3 25 | $65.9M | $188.7M | ||
| Q2 25 | $133.3M | $146.9M | ||
| Q1 25 | $6.0M | $91.4M | ||
| Q4 24 | $24.3M | $157.1M | ||
| Q3 24 | $46.8M | $191.6M |
| Q2 26 | — | 21.6% | ||
| Q1 26 | — | 46.6% | ||
| Q4 25 | 28.3% | 21.1% | ||
| Q3 25 | 28.6% | 21.5% | ||
| Q2 25 | 69.5% | 17.0% | ||
| Q1 25 | 3.7% | 11.2% | ||
| Q4 24 | 17.2% | 18.2% | ||
| Q3 24 | 41.4% | 24.0% |
| Q2 26 | — | 4.4% | ||
| Q1 26 | — | 15.6% | ||
| Q4 25 | 6.9% | 2.2% | ||
| Q3 25 | 5.3% | 1.7% | ||
| Q2 25 | 1.1% | 1.7% | ||
| Q1 25 | 2.8% | 1.8% | ||
| Q4 24 | 10.9% | 1.8% | ||
| Q3 24 | 14.8% | 1.7% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 2.12× | 1.63× | ||
| Q3 25 | 0.86× | 1.59× | ||
| Q2 25 | 2.64× | 1.23× | ||
| Q1 25 | 0.33× | 1.11× | ||
| Q4 24 | 1.61× | 1.40× | ||
| Q3 24 | — | 1.72× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
