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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and Mistras Group, Inc. (MG). Click either name above to swap in a different company.
Astera Labs, Inc. is the larger business by last-quarter revenue ($270.6M vs $181.5M, roughly 1.5× Mistras Group, Inc.). Astera Labs, Inc. runs the higher net margin — 16.6% vs 2.1%, a 14.6% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs 5.1%). Astera Labs, Inc. produced more free cash flow last quarter ($76.6M vs $26.0M). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs -0.8%).
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.
Mistras Group, Inc. is a global provider of asset integrity and protection solutions, offering non-destructive testing, inspection, real-time monitoring, and engineering consulting services. Its key client segments include oil and gas, aerospace, power generation, and manufacturing industries, with operations spanning North America, Europe, and Asia-Pacific, helping clients enhance operational safety, extend asset lifespans, and minimize unplanned downtime.
ALAB vs MG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $181.5M |
| Net Profit | $45.0M | $3.8M |
| Gross Margin | 75.6% | 28.4% |
| Operating Margin | 24.7% | 7.0% |
| Net Margin | 16.6% | 2.1% |
| Revenue YoY | 91.8% | 5.1% |
| Net Profit YoY | 82.0% | -27.4% |
| EPS (diluted) | $0.25 | $0.12 |
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 | $181.5M | ||
| Q3 25 | $230.6M | $195.5M | ||
| Q2 25 | $191.9M | $185.4M | ||
| Q1 25 | $159.4M | $161.6M | ||
| Q4 24 | $141.1M | $172.7M | ||
| Q3 24 | $113.1M | $182.7M | ||
| Q2 24 | $76.8M | $189.8M | ||
| Q1 24 | $65.3M | $184.4M |
| Q4 25 | $45.0M | $3.8M | ||
| Q3 25 | $91.1M | $13.1M | ||
| Q2 25 | $51.2M | $3.0M | ||
| Q1 25 | $31.8M | $-3.2M | ||
| Q4 24 | $24.7M | $5.2M | ||
| Q3 24 | $-7.6M | $6.4M | ||
| Q2 24 | $-7.5M | $6.4M | ||
| Q1 24 | $-93.0M | $995.0K |
| Q4 25 | 75.6% | 28.4% | ||
| Q3 25 | 76.2% | 29.8% | ||
| Q2 25 | 75.8% | 29.1% | ||
| Q1 25 | 74.9% | 25.3% | ||
| Q4 24 | 74.0% | 26.5% | ||
| Q3 24 | 77.7% | 26.8% | ||
| Q2 24 | 77.9% | 27.1% | ||
| Q1 24 | 77.4% | 25.0% |
| Q4 25 | 24.7% | 7.0% | ||
| Q3 25 | 24.0% | 10.4% | ||
| Q2 25 | 20.7% | 4.5% | ||
| Q1 25 | 7.1% | -0.6% | ||
| Q4 24 | 0.1% | 6.1% | ||
| Q3 24 | -7.9% | 6.5% | ||
| Q2 24 | -31.7% | 6.3% | ||
| Q1 24 | -127.1% | 3.0% |
| Q4 25 | 16.6% | 2.1% | ||
| Q3 25 | 39.5% | 6.7% | ||
| Q2 25 | 26.7% | 1.6% | ||
| Q1 25 | 20.0% | -2.0% | ||
| Q4 24 | 17.5% | 3.0% | ||
| Q3 24 | -6.7% | 3.5% | ||
| Q2 24 | -9.8% | 3.4% | ||
| Q1 24 | -142.5% | 0.5% |
| Q4 25 | $0.25 | $0.12 | ||
| Q3 25 | $0.50 | $0.41 | ||
| Q2 25 | $0.29 | $0.10 | ||
| Q1 25 | $0.18 | $-0.10 | ||
| Q4 24 | $1.23 | $0.17 | ||
| Q3 24 | $-0.05 | $0.20 | ||
| Q2 24 | $-0.05 | $0.20 | ||
| Q1 24 | $-1.77 | $0.03 |
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 | $28.0M |
| Total DebtLower is stronger | — | $178.0M |
| Stockholders' EquityBook value | $1.4B | $235.1M |
| Total Assets | $1.5B | $578.8M |
| Debt / EquityLower = less leverage | — | 0.76× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.6M | $28.0M | ||
| Q3 25 | $140.4M | $27.8M | ||
| Q2 25 | $162.3M | $20.0M | ||
| Q1 25 | $86.4M | $18.5M | ||
| Q4 24 | $79.6M | $18.3M | ||
| Q3 24 | $126.1M | $20.4M | ||
| Q2 24 | $421.1M | $17.2M | ||
| Q1 24 | $696.1M | $16.9M |
| Q4 25 | — | $178.0M | ||
| Q3 25 | — | $202.3M | ||
| Q2 25 | — | $189.4M | ||
| Q1 25 | — | $171.9M | ||
| Q4 24 | — | $169.6M | ||
| Q3 24 | — | $189.7M | ||
| Q2 24 | — | $199.7M | ||
| Q1 24 | — | $198.4M |
| Q4 25 | $1.4B | $235.1M | ||
| Q3 25 | $1.3B | $227.4M | ||
| Q2 25 | $1.1B | $215.8M | ||
| Q1 25 | $1.0B | $198.7M | ||
| Q4 24 | $964.8M | $198.6M | ||
| Q3 24 | $889.6M | $205.2M | ||
| Q2 24 | $845.3M | $193.2M | ||
| Q1 24 | $808.8M | $187.1M |
| Q4 25 | $1.5B | $578.8M | ||
| Q3 25 | $1.4B | $596.3M | ||
| Q2 25 | $1.3B | $571.0M | ||
| Q1 25 | $1.1B | $526.8M | ||
| Q4 24 | $1.1B | $523.0M | ||
| Q3 24 | $983.1M | $551.7M | ||
| Q2 24 | $915.5M | $548.1M | ||
| Q1 24 | $864.9M | $542.1M |
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.89× | ||
| Q2 25 | — | 0.88× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | — | 0.85× | ||
| Q3 24 | — | 0.92× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 1.06× |
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 | $32.1M |
| Free Cash FlowOCF − Capex | $76.6M | $26.0M |
| FCF MarginFCF / Revenue | 28.3% | 14.3% |
| Capex IntensityCapex / Revenue | 6.9% | 3.4% |
| Cash ConversionOCF / Net Profit | 2.12× | 8.55× |
| TTM Free Cash FlowTrailing 4 quarters | $281.8M | $8.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.3M | $32.1M | ||
| Q3 25 | $78.2M | $4.5M | ||
| Q2 25 | $135.4M | $-9.3M | ||
| Q1 25 | $10.5M | $5.6M | ||
| Q4 24 | $39.7M | $25.7M | ||
| Q3 24 | $63.5M | $19.4M | ||
| Q2 24 | $29.8M | $4.5M | ||
| Q1 24 | $3.7M | $604.0K |
| Q4 25 | $76.6M | $26.0M | ||
| Q3 25 | $65.9M | $-4.1M | ||
| Q2 25 | $133.3M | $-14.7M | ||
| Q1 25 | $6.0M | $1.1M | ||
| Q4 24 | $24.3M | $22.1M | ||
| Q3 24 | $46.8M | $14.6M | ||
| Q2 24 | $28.5M | $-284.0K | ||
| Q1 24 | $228.0K | $-4.2M |
| Q4 25 | 28.3% | 14.3% | ||
| Q3 25 | 28.6% | -2.1% | ||
| Q2 25 | 69.5% | -7.9% | ||
| Q1 25 | 3.7% | 0.7% | ||
| Q4 24 | 17.2% | 12.8% | ||
| Q3 24 | 41.4% | 8.0% | ||
| Q2 24 | 37.1% | -0.1% | ||
| Q1 24 | 0.3% | -2.3% |
| Q4 25 | 6.9% | 3.4% | ||
| Q3 25 | 5.3% | 4.4% | ||
| Q2 25 | 1.1% | 2.9% | ||
| Q1 25 | 2.8% | 2.8% | ||
| Q4 24 | 10.9% | 2.1% | ||
| Q3 24 | 14.8% | 2.6% | ||
| Q2 24 | 1.7% | 2.5% | ||
| Q1 24 | 5.2% | 2.6% |
| Q4 25 | 2.12× | 8.55× | ||
| Q3 25 | 0.86× | 0.34× | ||
| Q2 25 | 2.64× | -3.07× | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 1.61× | 4.96× | ||
| Q3 24 | — | 3.02× | ||
| Q2 24 | — | 0.71× | ||
| Q1 24 | — | 0.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
