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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and ENVIRI Corp (NVRI). Click either name above to swap in a different company.

ENVIRI Corp is the larger business by last-quarter revenue ($555.0M vs $308.4M, roughly 1.8× Astera Labs, Inc.). Astera Labs, Inc. runs the higher net margin — 26.0% vs -15.2%, a 41.2% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (93.4% vs -0.8%). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (100.3% CAGR vs -3.8%).

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.

Enviri Corporation is an environmental company based in Philadelphia, Pennsylvania. It operates in over 30 countries and employs approximately 12,000 people worldwide. The company addresses complex environmental issues for large industries, including steel, railways, and energy.

ALAB vs NVRI — Head-to-Head

Bigger by revenue
NVRI
NVRI
1.8× larger
NVRI
$555.0M
$308.4M
ALAB
Growing faster (revenue YoY)
ALAB
ALAB
+94.2% gap
ALAB
93.4%
-0.8%
NVRI
Higher net margin
ALAB
ALAB
41.2% more per $
ALAB
26.0%
-15.2%
NVRI
Faster 2-yr revenue CAGR
ALAB
ALAB
Annualised
ALAB
100.3%
-3.8%
NVRI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ALAB
ALAB
NVRI
NVRI
Revenue
$308.4M
$555.0M
Net Profit
$80.3M
$-84.3M
Gross Margin
76.3%
Operating Margin
20.1%
-6.4%
Net Margin
26.0%
-15.2%
Revenue YoY
93.4%
-0.8%
Net Profit YoY
152.4%
0.7%
EPS (diluted)
$0.44
$-1.04

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.

Revenue
ALAB
ALAB
NVRI
NVRI
Q1 26
$308.4M
Q4 25
$270.6M
$555.0M
Q3 25
$230.6M
$574.8M
Q2 25
$191.9M
$562.3M
Q1 25
$159.4M
$548.3M
Q4 24
$141.1M
$559.2M
Q3 24
$113.1M
$573.6M
Q2 24
$76.8M
$610.0M
Net Profit
ALAB
ALAB
NVRI
NVRI
Q1 26
$80.3M
Q4 25
$45.0M
$-84.3M
Q3 25
$91.1M
$-22.3M
Q2 25
$51.2M
$-47.6M
Q1 25
$31.8M
$-13.4M
Q4 24
$24.7M
$-84.9M
Q3 24
$-7.6M
$-13.2M
Q2 24
$-7.5M
$-13.6M
Gross Margin
ALAB
ALAB
NVRI
NVRI
Q1 26
76.3%
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%
Operating Margin
ALAB
ALAB
NVRI
NVRI
Q1 26
20.1%
Q4 25
24.7%
-6.4%
Q3 25
24.0%
2.9%
Q2 25
20.7%
-1.3%
Q1 25
7.1%
5.6%
Q4 24
0.1%
-11.4%
Q3 24
-7.9%
6.5%
Q2 24
-31.7%
5.1%
Net Margin
ALAB
ALAB
NVRI
NVRI
Q1 26
26.0%
Q4 25
16.6%
-15.2%
Q3 25
39.5%
-3.9%
Q2 25
26.7%
-8.5%
Q1 25
20.0%
-2.4%
Q4 24
17.5%
-15.2%
Q3 24
-6.7%
-2.3%
Q2 24
-9.8%
-2.2%
EPS (diluted)
ALAB
ALAB
NVRI
NVRI
Q1 26
$0.44
Q4 25
$0.25
$-1.04
Q3 25
$0.50
$-0.28
Q2 25
$0.29
$-0.59
Q1 25
$0.18
$-0.17
Q4 24
$1.23
$-1.07
Q3 24
$-0.05
$-0.16
Q2 24
$-0.05
$-0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALAB
ALAB
NVRI
NVRI
Cash + ST InvestmentsLiquidity on hand
$148.3M
$103.7M
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$1.5B
$255.1M
Total Assets
$1.7B
$2.7B
Debt / EquityLower = less leverage
6.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALAB
ALAB
NVRI
NVRI
Q1 26
$148.3M
Q4 25
$167.6M
$103.7M
Q3 25
$140.4M
$115.4M
Q2 25
$162.3M
$97.8M
Q1 25
$86.4M
$102.5M
Q4 24
$79.6M
$88.4M
Q3 24
$126.1M
$110.2M
Q2 24
$421.1M
$104.0M
Total Debt
ALAB
ALAB
NVRI
NVRI
Q1 26
Q4 25
$1.6B
Q3 25
Q2 25
Q1 25
Q4 24
$1.4B
Q3 24
Q2 24
Stockholders' Equity
ALAB
ALAB
NVRI
NVRI
Q1 26
$1.5B
Q4 25
$1.4B
$255.1M
Q3 25
$1.3B
$361.1M
Q2 25
$1.1B
$376.3M
Q1 25
$1.0B
$409.0M
Q4 24
$964.8M
$391.5M
Q3 24
$889.6M
$484.0M
Q2 24
$845.3M
$485.7M
Total Assets
ALAB
ALAB
NVRI
NVRI
Q1 26
$1.7B
Q4 25
$1.5B
$2.7B
Q3 25
$1.4B
$2.8B
Q2 25
$1.3B
$2.8B
Q1 25
$1.1B
$2.7B
Q4 24
$1.1B
$2.6B
Q3 24
$983.1M
$2.8B
Q2 24
$915.5M
$2.8B
Debt / Equity
ALAB
ALAB
NVRI
NVRI
Q1 26
Q4 25
6.10×
Q3 25
Q2 25
Q1 25
Q4 24
3.66×
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
ALAB
ALAB
NVRI
NVRI
Operating Cash FlowLast quarter
$74.6M
$38.4M
Free Cash FlowOCF − Capex
$-10.5M
FCF MarginFCF / Revenue
-1.9%
Capex IntensityCapex / Revenue
8.8%
Cash ConversionOCF / Net Profit
0.93×
TTM Free Cash FlowTrailing 4 quarters
$-39.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALAB
ALAB
NVRI
NVRI
Q1 26
$74.6M
Q4 25
$95.3M
$38.4M
Q3 25
$78.2M
$34.4M
Q2 25
$135.4M
$22.0M
Q1 25
$10.5M
$6.6M
Q4 24
$39.7M
$36.3M
Q3 24
$63.5M
$1.4M
Q2 24
$29.8M
$39.0M
Free Cash Flow
ALAB
ALAB
NVRI
NVRI
Q1 26
Q4 25
$76.6M
$-10.5M
Q3 25
$65.9M
$2.7M
Q2 25
$133.3M
$-17.1M
Q1 25
$6.0M
$-15.0M
Q4 24
$24.3M
$1.8M
Q3 24
$46.8M
$-40.2M
Q2 24
$28.5M
$5.4M
FCF Margin
ALAB
ALAB
NVRI
NVRI
Q1 26
Q4 25
28.3%
-1.9%
Q3 25
28.6%
0.5%
Q2 25
69.5%
-3.0%
Q1 25
3.7%
-2.7%
Q4 24
17.2%
0.3%
Q3 24
41.4%
-7.0%
Q2 24
37.1%
0.9%
Capex Intensity
ALAB
ALAB
NVRI
NVRI
Q1 26
Q4 25
6.9%
8.8%
Q3 25
5.3%
5.5%
Q2 25
1.1%
6.9%
Q1 25
2.8%
3.9%
Q4 24
10.9%
6.2%
Q3 24
14.8%
7.2%
Q2 24
1.7%
5.5%
Cash Conversion
ALAB
ALAB
NVRI
NVRI
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
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALAB
ALAB

Segment breakdown not available.

NVRI
NVRI

Products And Services Service Revenue$500.2M90%
After Market Parts And Services Safety And Diagnostic Technology$23.0M4%
Railway Track Maintenance Equipment$16.6M3%
Railway Contracting Services$15.9M3%
Aluminum Dross And Scrap Processing Systems$3.1M1%

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