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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.
Astera Labs, Inc. is the larger business by last-quarter revenue ($270.6M vs $187.0M, roughly 1.4× National Storage Affiliates Trust). Astera Labs, Inc. runs the higher net margin — 16.6% vs 12.2%, a 4.4% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $76.6M). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs -2.4%).
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.
National Storage Affiliates Trust is a U.S.-headquartered real estate investment trust focused on self-storage assets. It owns, operates and acquires self-storage facilities across dozens of U.S. states, offering secure storage solutions for residential and commercial customers.
ALAB vs NSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $187.0M |
| Net Profit | $45.0M | $22.9M |
| Gross Margin | 75.6% | 72.5% |
| Operating Margin | 24.7% | 20.2% |
| Net Margin | 16.6% | 12.2% |
| Revenue YoY | 91.8% | -1.6% |
| Net Profit YoY | 82.0% | 36.8% |
| EPS (diluted) | $0.25 | $0.23 |
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 | $187.0M | ||
| Q3 25 | $230.6M | $188.7M | ||
| Q2 25 | $191.9M | $188.8M | ||
| Q1 25 | $159.4M | $188.4M | ||
| Q4 24 | $141.1M | $190.1M | ||
| Q3 24 | $113.1M | $193.6M | ||
| Q2 24 | $76.8M | $190.4M | ||
| Q1 24 | $65.3M | $196.1M |
| Q4 25 | $45.0M | $22.9M | ||
| Q3 25 | $91.1M | $18.4M | ||
| Q2 25 | $51.2M | $19.5M | ||
| Q1 25 | $31.8M | $13.0M | ||
| Q4 24 | $24.7M | $16.7M | ||
| Q3 24 | $-7.6M | $18.7M | ||
| Q2 24 | $-7.5M | $17.1M | ||
| Q1 24 | $-93.0M | $59.0M |
| Q4 25 | 75.6% | 72.5% | ||
| Q3 25 | 76.2% | 70.7% | ||
| Q2 25 | 75.8% | 70.5% | ||
| Q1 25 | 74.9% | 70.7% | ||
| Q4 24 | 74.0% | 72.5% | ||
| Q3 24 | 77.7% | 72.8% | ||
| Q2 24 | 77.9% | 72.6% | ||
| Q1 24 | 77.4% | 72.1% |
| Q4 25 | 24.7% | 20.2% | ||
| Q3 25 | 24.0% | 15.8% | ||
| Q2 25 | 20.7% | 16.5% | ||
| Q1 25 | 7.1% | 11.0% | ||
| Q4 24 | 0.1% | 14.5% | ||
| Q3 24 | -7.9% | 15.8% | ||
| Q2 24 | -31.7% | 17.2% | ||
| Q1 24 | -127.1% | 48.9% |
| Q4 25 | 16.6% | 12.2% | ||
| Q3 25 | 39.5% | 9.8% | ||
| Q2 25 | 26.7% | 10.3% | ||
| Q1 25 | 20.0% | 6.9% | ||
| Q4 24 | 17.5% | 8.8% | ||
| Q3 24 | -6.7% | 9.7% | ||
| Q2 24 | -9.8% | 9.0% | ||
| Q1 24 | -142.5% | 30.1% |
| Q4 25 | $0.25 | $0.23 | ||
| Q3 25 | $0.50 | $0.17 | ||
| Q2 25 | $0.29 | $0.19 | ||
| Q1 25 | $0.18 | $0.10 | ||
| Q4 24 | $1.23 | $0.19 | ||
| Q3 24 | $-0.05 | $0.18 | ||
| Q2 24 | $-0.05 | $0.16 | ||
| Q1 24 | $-1.77 | $0.65 |
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 | $23.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $946.0M |
| Total Assets | $1.5B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.6M | $23.3M | ||
| Q3 25 | $140.4M | $26.3M | ||
| Q2 25 | $162.3M | $26.1M | ||
| Q1 25 | $86.4M | $19.3M | ||
| Q4 24 | $79.6M | $50.4M | ||
| Q3 24 | $126.1M | $69.9M | ||
| Q2 24 | $421.1M | $59.0M | ||
| Q1 24 | $696.1M | $64.2M |
| Q4 25 | $1.4B | $946.0M | ||
| Q3 25 | $1.3B | $973.1M | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $964.8M | $1.1B | ||
| Q3 24 | $889.6M | $986.9M | ||
| Q2 24 | $845.3M | $1.2B | ||
| Q1 24 | $808.8M | $1.3B |
| Q4 25 | $1.5B | $5.1B | ||
| Q3 25 | $1.4B | $5.1B | ||
| Q2 25 | $1.3B | $5.2B | ||
| Q1 25 | $1.1B | $5.3B | ||
| Q4 24 | $1.1B | $5.4B | ||
| Q3 24 | $983.1M | $5.4B | ||
| Q2 24 | $915.5M | $5.3B | ||
| Q1 24 | $864.9M | $5.4B |
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 | $338.5M |
| Free Cash FlowOCF − Capex | $76.6M | $299.8M |
| FCF MarginFCF / Revenue | 28.3% | 160.3% |
| Capex IntensityCapex / Revenue | 6.9% | 20.7% |
| Cash ConversionOCF / Net Profit | 2.12× | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | $281.8M | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.3M | $338.5M | ||
| Q3 25 | $78.2M | $100.2M | ||
| Q2 25 | $135.4M | $79.9M | ||
| Q1 25 | $10.5M | $85.6M | ||
| Q4 24 | $39.7M | $363.1M | ||
| Q3 24 | $63.5M | $105.7M | ||
| Q2 24 | $29.8M | $83.2M | ||
| Q1 24 | $3.7M | $94.0M |
| Q4 25 | $76.6M | $299.8M | ||
| Q3 25 | $65.9M | $88.0M | ||
| Q2 25 | $133.3M | $73.8M | ||
| Q1 25 | $6.0M | $79.9M | ||
| Q4 24 | $24.3M | $344.4M | ||
| Q3 24 | $46.8M | $101.8M | ||
| Q2 24 | $28.5M | $79.5M | ||
| Q1 24 | $228.0K | $88.6M |
| Q4 25 | 28.3% | 160.3% | ||
| Q3 25 | 28.6% | 46.6% | ||
| Q2 25 | 69.5% | 39.1% | ||
| Q1 25 | 3.7% | 42.4% | ||
| Q4 24 | 17.2% | 181.2% | ||
| Q3 24 | 41.4% | 52.6% | ||
| Q2 24 | 37.1% | 41.7% | ||
| Q1 24 | 0.3% | 45.2% |
| Q4 25 | 6.9% | 20.7% | ||
| Q3 25 | 5.3% | 6.5% | ||
| Q2 25 | 1.1% | 3.2% | ||
| Q1 25 | 2.8% | 3.0% | ||
| Q4 24 | 10.9% | 9.8% | ||
| Q3 24 | 14.8% | 2.0% | ||
| Q2 24 | 1.7% | 1.9% | ||
| Q1 24 | 5.2% | 2.7% |
| Q4 25 | 2.12× | 14.79× | ||
| Q3 25 | 0.86× | 5.44× | ||
| Q2 25 | 2.64× | 4.10× | ||
| Q1 25 | 0.33× | 6.59× | ||
| Q4 24 | 1.61× | 21.70× | ||
| Q3 24 | — | 5.65× | ||
| Q2 24 | — | 4.88× | ||
| Q1 24 | — | 1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
