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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and Pangaea Logistics Solutions Ltd. (PANL). Click either name above to swap in a different company.

Astera Labs, Inc. is the larger business by last-quarter revenue ($308.4M vs $183.9M, roughly 1.7× Pangaea Logistics Solutions Ltd.). Astera Labs, Inc. runs the higher net margin — 26.0% vs 6.5%, a 19.6% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (93.4% vs 24.9%). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (100.3% CAGR vs 32.5%).

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.

Pangaea Logistics Solutions Ltd. is a global dry bulk logistics and shipping service provider. It operates a modern fleet of dry bulk vessels to transport a wide range of commodities including grains, minerals, construction materials, and energy-related raw materials, serving industrial, agricultural, and energy sector clients across North America, Europe, and Asia with tailored end-to-end bulk cargo supply chain solutions.

ALAB vs PANL — Head-to-Head

Bigger by revenue
ALAB
ALAB
1.7× larger
ALAB
$308.4M
$183.9M
PANL
Growing faster (revenue YoY)
ALAB
ALAB
+68.5% gap
ALAB
93.4%
24.9%
PANL
Higher net margin
ALAB
ALAB
19.6% more per $
ALAB
26.0%
6.5%
PANL
Faster 2-yr revenue CAGR
ALAB
ALAB
Annualised
ALAB
100.3%
32.5%
PANL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ALAB
ALAB
PANL
PANL
Revenue
$308.4M
$183.9M
Net Profit
$80.3M
$11.9M
Gross Margin
76.3%
Operating Margin
20.1%
9.5%
Net Margin
26.0%
6.5%
Revenue YoY
93.4%
24.9%
Net Profit YoY
152.4%
40.9%
EPS (diluted)
$0.44
$0.18

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
PANL
PANL
Q1 26
$308.4M
Q4 25
$270.6M
$183.9M
Q3 25
$230.6M
$168.7M
Q2 25
$191.9M
$156.7M
Q1 25
$159.4M
$122.8M
Q4 24
$141.1M
$147.2M
Q3 24
$113.1M
$153.1M
Q2 24
$76.8M
$131.5M
Net Profit
ALAB
ALAB
PANL
PANL
Q1 26
$80.3M
Q4 25
$45.0M
$11.9M
Q3 25
$91.1M
$12.2M
Q2 25
$51.2M
$-2.7M
Q1 25
$31.8M
$-2.0M
Q4 24
$24.7M
$8.4M
Q3 24
$-7.6M
$5.1M
Q2 24
$-7.5M
$3.7M
Gross Margin
ALAB
ALAB
PANL
PANL
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
PANL
PANL
Q1 26
20.1%
Q4 25
24.7%
9.5%
Q3 25
24.0%
10.0%
Q2 25
20.7%
2.3%
Q1 25
7.1%
2.4%
Q4 24
0.1%
10.1%
Q3 24
-7.9%
9.8%
Q2 24
-31.7%
5.8%
Net Margin
ALAB
ALAB
PANL
PANL
Q1 26
26.0%
Q4 25
16.6%
6.5%
Q3 25
39.5%
7.2%
Q2 25
26.7%
-1.8%
Q1 25
20.0%
-1.6%
Q4 24
17.5%
5.7%
Q3 24
-6.7%
3.3%
Q2 24
-9.8%
2.8%
EPS (diluted)
ALAB
ALAB
PANL
PANL
Q1 26
$0.44
Q4 25
$0.25
$0.18
Q3 25
$0.50
$0.19
Q2 25
$0.29
$-0.04
Q1 25
$0.18
$-0.03
Q4 24
$1.23
$0.19
Q3 24
$-0.05
$0.11
Q2 24
$-0.05
$0.08

Balance Sheet & Financial Strength

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

Metric
ALAB
ALAB
PANL
PANL
Cash + ST InvestmentsLiquidity on hand
$148.3M
$103.1M
Total DebtLower is stronger
$249.6M
Stockholders' EquityBook value
$1.5B
$429.3M
Total Assets
$1.7B
$928.1M
Debt / EquityLower = less leverage
0.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALAB
ALAB
PANL
PANL
Q1 26
$148.3M
Q4 25
$167.6M
$103.1M
Q3 25
$140.4M
$94.0M
Q2 25
$162.3M
$59.3M
Q1 25
$86.4M
$63.9M
Q4 24
$79.6M
$86.8M
Q3 24
$126.1M
$93.1M
Q2 24
$421.1M
$77.9M
Total Debt
ALAB
ALAB
PANL
PANL
Q1 26
Q4 25
$249.6M
Q3 25
$256.2M
Q2 25
$244.7M
Q1 25
$251.0M
Q4 24
$257.2M
Q3 24
$133.6M
Q2 24
$90.5M
Stockholders' Equity
ALAB
ALAB
PANL
PANL
Q1 26
$1.5B
Q4 25
$1.4B
$429.3M
Q3 25
$1.3B
$420.3M
Q2 25
$1.1B
$414.4M
Q1 25
$1.0B
$420.8M
Q4 24
$964.8M
$427.8M
Q3 24
$889.6M
$332.6M
Q2 24
$845.3M
$331.5M
Total Assets
ALAB
ALAB
PANL
PANL
Q1 26
$1.7B
Q4 25
$1.5B
$928.1M
Q3 25
$1.4B
$932.1M
Q2 25
$1.3B
$916.0M
Q1 25
$1.1B
$918.0M
Q4 24
$1.1B
$936.5M
Q3 24
$983.1M
$749.2M
Q2 24
$915.5M
$692.9M
Debt / Equity
ALAB
ALAB
PANL
PANL
Q1 26
Q4 25
0.58×
Q3 25
0.61×
Q2 25
0.59×
Q1 25
0.60×
Q4 24
0.60×
Q3 24
0.40×
Q2 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
ALAB
ALAB
PANL
PANL
Operating Cash FlowLast quarter
$74.6M
$15.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.93×
1.27×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALAB
ALAB
PANL
PANL
Q1 26
$74.6M
Q4 25
$95.3M
$15.1M
Q3 25
$78.2M
$28.6M
Q2 25
$135.4M
$14.4M
Q1 25
$10.5M
$-4.4M
Q4 24
$39.7M
$19.3M
Q3 24
$63.5M
$28.5M
Q2 24
$29.8M
$9.0M
Free Cash Flow
ALAB
ALAB
PANL
PANL
Q1 26
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
FCF Margin
ALAB
ALAB
PANL
PANL
Q1 26
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%
Capex Intensity
ALAB
ALAB
PANL
PANL
Q1 26
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%
Cash Conversion
ALAB
ALAB
PANL
PANL
Q1 26
0.93×
Q4 25
2.12×
1.27×
Q3 25
0.86×
2.34×
Q2 25
2.64×
Q1 25
0.33×
Q4 24
1.61×
2.29×
Q3 24
5.57×
Q2 24
2.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALAB
ALAB

Segment breakdown not available.

PANL
PANL

Voyage$166.3M90%
Charter$13.1M7%
Terminal Stevedore Revenue$4.4M2%

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