vs
Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and KENNAMETAL INC (KMT). Click either name above to swap in a different company.
KENNAMETAL INC is the larger business by last-quarter revenue ($529.5M vs $270.6M, roughly 2.0× Astera Labs, Inc.). Astera Labs, Inc. runs the higher net margin — 16.6% vs 6.4%, a 10.2% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs 9.8%). Astera Labs, Inc. produced more free cash flow last quarter ($76.6M vs $42.4M). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs 1.3%).
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.
Kennametal, Inc. is a manufacturer of high-performance cutting tools and engineered components used in the aerospace, defense, transportation and oil and gas drilling industries. Its customer base is global.
ALAB vs KMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $529.5M |
| Net Profit | $45.0M | $33.9M |
| Gross Margin | 75.6% | 32.8% |
| Operating Margin | 24.7% | 9.9% |
| Net Margin | 16.6% | 6.4% |
| Revenue YoY | 91.8% | 9.8% |
| Net Profit YoY | 82.0% | 89.0% |
| EPS (diluted) | $0.25 | $0.44 |
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 | $529.5M | ||
| Q3 25 | $230.6M | $498.0M | ||
| Q2 25 | $191.9M | $516.4M | ||
| Q1 25 | $159.4M | $486.4M | ||
| Q4 24 | $141.1M | $482.1M | ||
| Q3 24 | $113.1M | $481.9M | ||
| Q2 24 | $76.8M | $543.3M | ||
| Q1 24 | $65.3M | $515.8M |
| Q4 25 | $45.0M | $33.9M | ||
| Q3 25 | $91.1M | $23.3M | ||
| Q2 25 | $51.2M | $21.6M | ||
| Q1 25 | $31.8M | $31.5M | ||
| Q4 24 | $24.7M | $17.9M | ||
| Q3 24 | $-7.6M | $22.1M | ||
| Q2 24 | $-7.5M | $37.2M | ||
| Q1 24 | $-93.0M | $19.0M |
| Q4 25 | 75.6% | 32.8% | ||
| Q3 25 | 76.2% | 31.0% | ||
| Q2 25 | 75.8% | 28.2% | ||
| Q1 25 | 74.9% | 32.1% | ||
| Q4 24 | 74.0% | 30.1% | ||
| Q3 24 | 77.7% | 31.3% | ||
| Q2 24 | 77.9% | 31.5% | ||
| Q1 24 | 77.4% | 29.7% |
| Q4 25 | 24.7% | 9.9% | ||
| Q3 25 | 24.0% | 7.5% | ||
| Q2 25 | 20.7% | 6.1% | ||
| Q1 25 | 7.1% | 9.1% | ||
| Q4 24 | 0.1% | 6.6% | ||
| Q3 24 | -7.9% | 7.5% | ||
| Q2 24 | -31.7% | 11.3% | ||
| Q1 24 | -127.1% | 6.8% |
| Q4 25 | 16.6% | 6.4% | ||
| Q3 25 | 39.5% | 4.7% | ||
| Q2 25 | 26.7% | 4.2% | ||
| Q1 25 | 20.0% | 6.5% | ||
| Q4 24 | 17.5% | 3.7% | ||
| Q3 24 | -6.7% | 4.6% | ||
| Q2 24 | -9.8% | 6.8% | ||
| Q1 24 | -142.5% | 3.7% |
| Q4 25 | $0.25 | $0.44 | ||
| Q3 25 | $0.50 | $0.30 | ||
| Q2 25 | $0.29 | $0.28 | ||
| Q1 25 | $0.18 | $0.41 | ||
| Q4 24 | $1.23 | $0.23 | ||
| Q3 24 | $-0.05 | $0.28 | ||
| Q2 24 | $-0.05 | $0.47 | ||
| Q1 24 | $-1.77 | $0.24 |
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 | $129.3M |
| Total DebtLower is stronger | — | $597.2M |
| Stockholders' EquityBook value | $1.4B | $1.3B |
| Total Assets | $1.5B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.6M | $129.3M | ||
| Q3 25 | $140.4M | $103.5M | ||
| Q2 25 | $162.3M | $140.5M | ||
| Q1 25 | $86.4M | $97.5M | ||
| Q4 24 | $79.6M | $121.2M | ||
| Q3 24 | $126.1M | $119.6M | ||
| Q2 24 | $421.1M | $128.0M | ||
| Q1 24 | $696.1M | $92.1M |
| Q4 25 | — | $597.2M | ||
| Q3 25 | — | $597.0M | ||
| Q2 25 | — | $596.8M | ||
| Q1 25 | — | $596.6M | ||
| Q4 24 | — | $596.4M | ||
| Q3 24 | — | $596.2M | ||
| Q2 24 | — | $596.0M | ||
| Q1 24 | — | $595.8M |
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.0B | $1.2B | ||
| Q4 24 | $964.8M | $1.2B | ||
| Q3 24 | $889.6M | $1.3B | ||
| Q2 24 | $845.3M | $1.2B | ||
| Q1 24 | $808.8M | $1.3B |
| Q4 25 | $1.5B | $2.6B | ||
| Q3 25 | $1.4B | $2.5B | ||
| Q2 25 | $1.3B | $2.5B | ||
| Q1 25 | $1.1B | $2.5B | ||
| Q4 24 | $1.1B | $2.4B | ||
| Q3 24 | $983.1M | $2.5B | ||
| Q2 24 | $915.5M | $2.5B | ||
| Q1 24 | $864.9M | $2.5B |
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 0.49× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.48× | ||
| Q1 24 | — | 0.47× |
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 | $55.1M |
| Free Cash FlowOCF − Capex | $76.6M | $42.4M |
| FCF MarginFCF / Revenue | 28.3% | 8.0% |
| Capex IntensityCapex / Revenue | 6.9% | 2.4% |
| Cash ConversionOCF / Net Profit | 2.12× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $281.8M | $99.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.3M | $55.1M | ||
| Q3 25 | $78.2M | $17.5M | ||
| Q2 25 | $135.4M | $78.6M | ||
| Q1 25 | $10.5M | $28.8M | ||
| Q4 24 | $39.7M | $55.2M | ||
| Q3 24 | $63.5M | $45.7M | ||
| Q2 24 | $29.8M | $113.6M | ||
| Q1 24 | $3.7M | $75.2M |
| Q4 25 | $76.6M | $42.4M | ||
| Q3 25 | $65.9M | $-5.5M | ||
| Q2 25 | $133.3M | $57.1M | ||
| Q1 25 | $6.0M | $5.3M | ||
| Q4 24 | $24.3M | $35.9M | ||
| Q3 24 | $46.8M | $21.0M | ||
| Q2 24 | $28.5M | $90.3M | ||
| Q1 24 | $228.0K | $48.4M |
| Q4 25 | 28.3% | 8.0% | ||
| Q3 25 | 28.6% | -1.1% | ||
| Q2 25 | 69.5% | 11.1% | ||
| Q1 25 | 3.7% | 1.1% | ||
| Q4 24 | 17.2% | 7.5% | ||
| Q3 24 | 41.4% | 4.4% | ||
| Q2 24 | 37.1% | 16.6% | ||
| Q1 24 | 0.3% | 9.4% |
| Q4 25 | 6.9% | 2.4% | ||
| Q3 25 | 5.3% | 4.6% | ||
| Q2 25 | 1.1% | 4.2% | ||
| Q1 25 | 2.8% | 4.8% | ||
| Q4 24 | 10.9% | 4.0% | ||
| Q3 24 | 14.8% | 5.1% | ||
| Q2 24 | 1.7% | 4.3% | ||
| Q1 24 | 5.2% | 5.2% |
| Q4 25 | 2.12× | 1.63× | ||
| Q3 25 | 0.86× | 0.75× | ||
| Q2 25 | 2.64× | 3.64× | ||
| Q1 25 | 0.33× | 0.92× | ||
| Q4 24 | 1.61× | 3.08× | ||
| Q3 24 | — | 2.07× | ||
| Q2 24 | — | 3.06× | ||
| Q1 24 | — | 3.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALAB
Segment breakdown not available.
KMT
| Metal Cutting | $331.1M | 63% |
| Infrastructure | $198.5M | 37% |
