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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and Millrose Properties, Inc. (MRP). Click either name above to swap in a different company.
Astera Labs, Inc. is the larger business by last-quarter revenue ($270.6M vs $189.5M, roughly 1.4× Millrose Properties, Inc.). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 16.6%, a 47.9% gap on every dollar of revenue.
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.
Millrose Properties, Inc. is a U.S.-based real estate enterprise primarily focused on the acquisition, ownership, operation, and management of income-generating multi-family residential assets. Its core markets span the U.S. Mid-Atlantic and Southeast regions, and it also offers professional property management services to select third-party property owners.
ALAB vs MRP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $189.5M |
| Net Profit | $45.0M | $122.2M |
| Gross Margin | 75.6% | — |
| Operating Margin | 24.7% | 84.8% |
| Net Margin | 16.6% | 64.5% |
| Revenue YoY | 91.8% | — |
| Net Profit YoY | 82.0% | 285.8% |
| EPS (diluted) | $0.25 | $0.74 |
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 | $189.5M | ||
| Q3 25 | $230.6M | $179.3M | ||
| Q2 25 | $191.9M | $149.0M | ||
| Q1 25 | $159.4M | $82.7M | ||
| Q4 24 | $141.1M | — | ||
| Q3 24 | $113.1M | — | ||
| Q2 24 | $76.8M | — | ||
| Q1 24 | $65.3M | — |
| Q4 25 | $45.0M | $122.2M | ||
| Q3 25 | $91.1M | $105.1M | ||
| Q2 25 | $51.2M | $112.8M | ||
| Q1 25 | $31.8M | $39.8M | ||
| Q4 24 | $24.7M | — | ||
| Q3 24 | $-7.6M | — | ||
| Q2 24 | $-7.5M | — | ||
| Q1 24 | $-93.0M | — |
| 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% | 84.8% | ||
| Q3 25 | 24.0% | 85.3% | ||
| Q2 25 | 20.7% | 85.1% | ||
| Q1 25 | 7.1% | 55.2% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | -7.9% | — | ||
| Q2 24 | -31.7% | — | ||
| Q1 24 | -127.1% | — |
| Q4 25 | 16.6% | 64.5% | ||
| Q3 25 | 39.5% | 58.6% | ||
| Q2 25 | 26.7% | 75.7% | ||
| Q1 25 | 20.0% | 48.1% | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | -6.7% | — | ||
| Q2 24 | -9.8% | — | ||
| Q1 24 | -142.5% | — |
| Q4 25 | $0.25 | $0.74 | ||
| Q3 25 | $0.50 | $0.63 | ||
| Q2 25 | $0.29 | $0.68 | ||
| Q1 25 | $0.18 | $0.39 | ||
| Q4 24 | $1.23 | — | ||
| Q3 24 | $-0.05 | — | ||
| Q2 24 | $-0.05 | — | ||
| Q1 24 | $-1.77 | — |
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 | $35.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $5.9B |
| Total Assets | $1.5B | $9.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.6M | $35.0M | ||
| Q3 25 | $140.4M | $242.6M | ||
| Q2 25 | $162.3M | $66.6M | ||
| Q1 25 | $86.4M | $89.5M | ||
| Q4 24 | $79.6M | — | ||
| Q3 24 | $126.1M | — | ||
| Q2 24 | $421.1M | — | ||
| Q1 24 | $696.1M | — |
| Q4 25 | $1.4B | $5.9B | ||
| Q3 25 | $1.3B | $5.9B | ||
| Q2 25 | $1.1B | $5.9B | ||
| Q1 25 | $1.0B | $5.9B | ||
| Q4 24 | $964.8M | — | ||
| Q3 24 | $889.6M | — | ||
| Q2 24 | $845.3M | — | ||
| Q1 24 | $808.8M | — |
| Q4 25 | $1.5B | $9.3B | ||
| Q3 25 | $1.4B | $9.0B | ||
| Q2 25 | $1.3B | $8.0B | ||
| Q1 25 | $1.1B | $7.2B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $983.1M | — | ||
| Q2 24 | $915.5M | — | ||
| Q1 24 | $864.9M | — |
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 | $3.7B |
| Free Cash FlowOCF − Capex | $76.6M | — |
| FCF MarginFCF / Revenue | 28.3% | — |
| Capex IntensityCapex / Revenue | 6.9% | — |
| Cash ConversionOCF / Net Profit | 2.12× | 30.05× |
| TTM Free Cash FlowTrailing 4 quarters | $281.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.3M | $3.7B | ||
| Q3 25 | $78.2M | $123.1M | ||
| Q2 25 | $135.4M | $109.1M | ||
| Q1 25 | $10.5M | $21.3M | ||
| Q4 24 | $39.7M | — | ||
| Q3 24 | $63.5M | — | ||
| Q2 24 | $29.8M | — | ||
| Q1 24 | $3.7M | — |
| 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× | 30.05× | ||
| Q3 25 | 0.86× | 1.17× | ||
| Q2 25 | 2.64× | 0.97× | ||
| Q1 25 | 0.33× | 0.53× | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
