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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
Astera Labs, Inc. is the larger business by last-quarter revenue ($270.6M vs $242.1M, roughly 1.1× ONESPAWORLD HOLDINGS Ltd). Astera Labs, Inc. runs the higher net margin — 16.6% vs 5.0%, a 11.6% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs 11.5%). Astera Labs, Inc. produced more free cash flow last quarter ($76.6M vs $14.9M). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs 7.1%).
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.
ALAB vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $242.1M |
| Net Profit | $45.0M | $12.1M |
| Gross Margin | 75.6% | — |
| Operating Margin | 24.7% | 6.8% |
| Net Margin | 16.6% | 5.0% |
| Revenue YoY | 91.8% | 11.5% |
| Net Profit YoY | 82.0% | -16.2% |
| 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 | $242.1M | ||
| Q3 25 | $230.6M | $258.5M | ||
| Q2 25 | $191.9M | $240.7M | ||
| Q1 25 | $159.4M | $219.6M | ||
| Q4 24 | $141.1M | $217.2M | ||
| Q3 24 | $113.1M | $241.7M | ||
| Q2 24 | $76.8M | $224.9M | ||
| Q1 24 | $65.3M | $211.2M |
| Q4 25 | $45.0M | $12.1M | ||
| Q3 25 | $91.1M | $24.3M | ||
| Q2 25 | $51.2M | $19.9M | ||
| Q1 25 | $31.8M | $15.3M | ||
| Q4 24 | $24.7M | $14.4M | ||
| Q3 24 | $-7.6M | $21.6M | ||
| Q2 24 | $-7.5M | $15.8M | ||
| Q1 24 | $-93.0M | $21.2M |
| 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% | 6.8% | ||
| Q3 25 | 24.0% | 10.2% | ||
| Q2 25 | 20.7% | 9.2% | ||
| Q1 25 | 7.1% | 7.7% | ||
| Q4 24 | 0.1% | 7.9% | ||
| Q3 24 | -7.9% | 10.3% | ||
| Q2 24 | -31.7% | 8.4% | ||
| Q1 24 | -127.1% | 8.0% |
| Q4 25 | 16.6% | 5.0% | ||
| Q3 25 | 39.5% | 9.4% | ||
| Q2 25 | 26.7% | 8.3% | ||
| Q1 25 | 20.0% | 7.0% | ||
| Q4 24 | 17.5% | 6.6% | ||
| Q3 24 | -6.7% | 8.9% | ||
| Q2 24 | -9.8% | 7.0% | ||
| Q1 24 | -142.5% | 10.0% |
| Q4 25 | $0.25 | $0.12 | ||
| Q3 25 | $0.50 | $0.23 | ||
| Q2 25 | $0.29 | $0.19 | ||
| Q1 25 | $0.18 | $0.15 | ||
| Q4 24 | $1.23 | $0.13 | ||
| Q3 24 | $-0.05 | $0.20 | ||
| Q2 24 | $-0.05 | $0.15 | ||
| Q1 24 | $-1.77 | $0.21 |
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 | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $1.4B | $542.6M |
| Total Assets | $1.5B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.6M | $16.3M | ||
| Q3 25 | $140.4M | $29.6M | ||
| Q2 25 | $162.3M | $35.0M | ||
| Q1 25 | $86.4M | $22.6M | ||
| Q4 24 | $79.6M | $57.4M | ||
| Q3 24 | $126.1M | $48.8M | ||
| Q2 24 | $421.1M | $62.5M | ||
| Q1 24 | $696.1M | $65.4M |
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M | ||
| Q1 24 | — | $138.6M |
| Q4 25 | $1.4B | $542.6M | ||
| Q3 25 | $1.3B | $552.8M | ||
| Q2 25 | $1.1B | $548.3M | ||
| Q1 25 | $1.0B | $530.6M | ||
| Q4 24 | $964.8M | $554.5M | ||
| Q3 24 | $889.6M | $540.1M | ||
| Q2 24 | $845.3M | $532.7M | ||
| Q1 24 | $808.8M | $515.5M |
| Q4 25 | $1.5B | $707.1M | ||
| Q3 25 | $1.4B | $732.6M | ||
| Q2 25 | $1.3B | $731.8M | ||
| Q1 25 | $1.1B | $708.7M | ||
| Q4 24 | $1.1B | $746.4M | ||
| Q3 24 | $983.1M | $734.0M | ||
| Q2 24 | $915.5M | $756.8M | ||
| Q1 24 | $864.9M | $763.6M |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.27× |
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 | $20.0M |
| Free Cash FlowOCF − Capex | $76.6M | $14.9M |
| FCF MarginFCF / Revenue | 28.3% | 6.2% |
| Capex IntensityCapex / Revenue | 6.9% | 2.1% |
| Cash ConversionOCF / Net Profit | 2.12× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $281.8M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.3M | $20.0M | ||
| Q3 25 | $78.2M | $33.2M | ||
| Q2 25 | $135.4M | $20.3M | ||
| Q1 25 | $10.5M | $10.1M | ||
| Q4 24 | $39.7M | $16.6M | ||
| Q3 24 | $63.5M | $28.6M | ||
| Q2 24 | $29.8M | $18.7M | ||
| Q1 24 | $3.7M | $15.0M |
| Q4 25 | $76.6M | $14.9M | ||
| Q3 25 | $65.9M | $27.6M | ||
| Q2 25 | $133.3M | $17.6M | ||
| Q1 25 | $6.0M | $8.4M | ||
| Q4 24 | $24.3M | $13.2M | ||
| Q3 24 | $46.8M | $27.5M | ||
| Q2 24 | $28.5M | $17.6M | ||
| Q1 24 | $228.0K | $13.7M |
| Q4 25 | 28.3% | 6.2% | ||
| Q3 25 | 28.6% | 10.7% | ||
| Q2 25 | 69.5% | 7.3% | ||
| Q1 25 | 3.7% | 3.8% | ||
| Q4 24 | 17.2% | 6.1% | ||
| Q3 24 | 41.4% | 11.4% | ||
| Q2 24 | 37.1% | 7.8% | ||
| Q1 24 | 0.3% | 6.5% |
| Q4 25 | 6.9% | 2.1% | ||
| Q3 25 | 5.3% | 2.2% | ||
| Q2 25 | 1.1% | 1.1% | ||
| Q1 25 | 2.8% | 0.8% | ||
| Q4 24 | 10.9% | 1.5% | ||
| Q3 24 | 14.8% | 0.5% | ||
| Q2 24 | 1.7% | 0.5% | ||
| Q1 24 | 5.2% | 0.6% |
| Q4 25 | 2.12× | 1.65× | ||
| Q3 25 | 0.86× | 1.36× | ||
| Q2 25 | 2.64× | 1.02× | ||
| Q1 25 | 0.33× | 0.66× | ||
| Q4 24 | 1.61× | 1.15× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | — | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALAB
Segment breakdown not available.
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
