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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
New Fortress Energy Inc. is the larger business by last-quarter revenue ($326.2M vs $308.4M, roughly 1.1× Astera Labs, Inc.). Astera Labs, Inc. runs the higher net margin — 26.0% vs -259.7%, a 285.7% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (93.4% vs -7.0%). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (100.3% CAGR vs -26.8%).
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.
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
ALAB vs NFE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $308.4M | $326.2M |
| Net Profit | $80.3M | $-847.1M |
| Gross Margin | 76.3% | 35.5% |
| Operating Margin | 20.1% | -193.0% |
| Net Margin | 26.0% | -259.7% |
| Revenue YoY | 93.4% | -7.0% |
| Net Profit YoY | 152.4% | -277.4% |
| EPS (diluted) | $0.44 | $-3.03 |
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.
| Q1 26 | $308.4M | — | ||
| Q4 25 | $270.6M | $326.2M | ||
| Q3 25 | $230.6M | $240.3M | ||
| Q2 25 | $191.9M | $228.1M | ||
| Q1 25 | $159.4M | $384.9M | ||
| Q4 24 | $141.1M | $350.7M | ||
| Q3 24 | $113.1M | $446.0M | ||
| Q2 24 | $76.8M | $291.2M |
| Q1 26 | $80.3M | — | ||
| Q4 25 | $45.0M | $-847.1M | ||
| Q3 25 | $91.1M | $-263.0M | ||
| Q2 25 | $51.2M | $-546.5M | ||
| Q1 25 | $31.8M | $-175.4M | ||
| Q4 24 | $24.7M | $-224.4M | ||
| Q3 24 | $-7.6M | $9.3M | ||
| Q2 24 | $-7.5M | $-88.9M |
| Q1 26 | 76.3% | — | ||
| Q4 25 | 75.6% | 35.5% | ||
| Q3 25 | 76.2% | 18.1% | ||
| Q2 25 | 75.8% | 8.4% | ||
| Q1 25 | 74.9% | 21.4% | ||
| Q4 24 | 74.0% | 17.6% | ||
| Q3 24 | 77.7% | 27.1% | ||
| Q2 24 | 77.9% | 23.8% |
| Q1 26 | 20.1% | — | ||
| Q4 25 | 24.7% | -193.0% | ||
| Q3 25 | 24.0% | -37.4% | ||
| Q2 25 | 20.7% | -170.3% | ||
| Q1 25 | 7.1% | -3.3% | ||
| Q4 24 | 0.1% | 65.0% | ||
| Q3 24 | -7.9% | 17.8% | ||
| Q2 24 | -31.7% | 12.3% |
| Q1 26 | 26.0% | — | ||
| Q4 25 | 16.6% | -259.7% | ||
| Q3 25 | 39.5% | -109.4% | ||
| Q2 25 | 26.7% | -239.6% | ||
| Q1 25 | 20.0% | -45.6% | ||
| Q4 24 | 17.5% | -64.0% | ||
| Q3 24 | -6.7% | 2.1% | ||
| Q2 24 | -9.8% | -30.5% |
| Q1 26 | $0.44 | — | ||
| Q4 25 | $0.25 | $-3.03 | ||
| Q3 25 | $0.50 | $-0.96 | ||
| Q2 25 | $0.29 | $-1.99 | ||
| Q1 25 | $0.18 | $-0.65 | ||
| Q4 24 | $1.23 | $-1.10 | ||
| Q3 24 | $-0.05 | $0.03 | ||
| Q2 24 | $-0.05 | $-0.42 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $148.3M | $226.5M |
| Total DebtLower is stronger | — | $8.2B |
| Stockholders' EquityBook value | $1.5B | $182.6M |
| Total Assets | $1.7B | $10.6B |
| Debt / EquityLower = less leverage | — | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $148.3M | — | ||
| Q4 25 | $167.6M | $226.5M | ||
| Q3 25 | $140.4M | $145.2M | ||
| Q2 25 | $162.3M | $551.1M | ||
| Q1 25 | $86.4M | $447.9M | ||
| Q4 24 | $79.6M | $492.9M | ||
| Q3 24 | $126.1M | $90.8M | ||
| Q2 24 | $421.1M | $133.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $8.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.4B | $182.6M | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.0B | $1.8B | ||
| Q4 24 | $964.8M | $1.9B | ||
| Q3 24 | $889.6M | $1.6B | ||
| Q2 24 | $845.3M | $1.6B |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.5B | $10.6B | ||
| Q3 25 | $1.4B | $12.0B | ||
| Q2 25 | $1.3B | $12.0B | ||
| Q1 25 | $1.1B | $13.1B | ||
| Q4 24 | $1.1B | $12.9B | ||
| Q3 24 | $983.1M | $12.0B | ||
| Q2 24 | $915.5M | $11.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 44.78× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.74× | ||
| Q3 24 | — | — | ||
| Q2 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 | $74.6M | $-76.2M |
| Free Cash FlowOCF − Capex | — | $-134.8M |
| FCF MarginFCF / Revenue | — | -41.3% |
| Capex IntensityCapex / Revenue | — | 18.0% |
| Cash ConversionOCF / Net Profit | 0.93× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $74.6M | — | ||
| Q4 25 | $95.3M | $-76.2M | ||
| Q3 25 | $78.2M | $-171.0M | ||
| Q2 25 | $135.4M | $-329.0M | ||
| Q1 25 | $10.5M | $-7.2M | ||
| Q4 24 | $39.7M | $445.3M | ||
| Q3 24 | $63.5M | $-20.0M | ||
| Q2 24 | $29.8M | $113.9M |
| Q1 26 | — | — | ||
| Q4 25 | $76.6M | $-134.8M | ||
| Q3 25 | $65.9M | $-231.6M | ||
| Q2 25 | $133.3M | $-726.7M | ||
| Q1 25 | $6.0M | $-262.3M | ||
| Q4 24 | $24.3M | $-210.3M | ||
| Q3 24 | $46.8M | $-367.0M | ||
| Q2 24 | $28.5M | $-493.2M |
| Q1 26 | — | — | ||
| Q4 25 | 28.3% | -41.3% | ||
| Q3 25 | 28.6% | -96.4% | ||
| Q2 25 | 69.5% | -318.6% | ||
| Q1 25 | 3.7% | -68.2% | ||
| Q4 24 | 17.2% | -60.0% | ||
| Q3 24 | 41.4% | -82.3% | ||
| Q2 24 | 37.1% | -169.3% |
| Q1 26 | — | — | ||
| Q4 25 | 6.9% | 18.0% | ||
| Q3 25 | 5.3% | 25.2% | ||
| Q2 25 | 1.1% | 174.4% | ||
| Q1 25 | 2.8% | 66.3% | ||
| Q4 24 | 10.9% | 187.0% | ||
| Q3 24 | 14.8% | 77.8% | ||
| Q2 24 | 1.7% | 208.4% |
| Q1 26 | 0.93× | — | ||
| Q4 25 | 2.12× | — | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 2.64× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | — | -2.15× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
