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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.

Astera Labs, Inc. is the larger business by last-quarter revenue ($270.6M vs $143.3M, roughly 1.9× Piedmont Realty Trust, Inc.). Astera Labs, Inc. runs the higher net margin — 16.6% vs -31.4%, a 48.0% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs 0.4%). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs 0.0%).

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.

Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.

ALAB vs PDM — Head-to-Head

Bigger by revenue
ALAB
ALAB
1.9× larger
ALAB
$270.6M
$143.3M
PDM
Growing faster (revenue YoY)
ALAB
ALAB
+91.3% gap
ALAB
91.8%
0.4%
PDM
Higher net margin
ALAB
ALAB
48.0% more per $
ALAB
16.6%
-31.4%
PDM
Faster 2-yr revenue CAGR
ALAB
ALAB
Annualised
ALAB
103.6%
0.0%
PDM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ALAB
ALAB
PDM
PDM
Revenue
$270.6M
$143.3M
Net Profit
$45.0M
$-45.0M
Gross Margin
75.6%
Operating Margin
24.7%
Net Margin
16.6%
-31.4%
Revenue YoY
91.8%
0.4%
Net Profit YoY
82.0%
-27.9%
EPS (diluted)
$0.25
$-0.10

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
PDM
PDM
Q1 26
$143.3M
Q4 25
$270.6M
$142.9M
Q3 25
$230.6M
$139.2M
Q2 25
$191.9M
$140.3M
Q1 25
$159.4M
$142.7M
Q4 24
$141.1M
$143.2M
Q3 24
$113.1M
$139.3M
Q2 24
$76.8M
$143.3M
Net Profit
ALAB
ALAB
PDM
PDM
Q1 26
$-45.0M
Q4 25
$45.0M
$-43.2M
Q3 25
$91.1M
$-13.5M
Q2 25
$51.2M
$-16.8M
Q1 25
$31.8M
$-10.1M
Q4 24
$24.7M
$-30.0M
Q3 24
$-7.6M
$-11.5M
Q2 24
$-7.5M
$-9.8M
Gross Margin
ALAB
ALAB
PDM
PDM
Q1 26
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
PDM
PDM
Q1 26
Q4 25
24.7%
Q3 25
24.0%
Q2 25
20.7%
Q1 25
7.1%
Q4 24
0.1%
Q3 24
-7.9%
Q2 24
-31.7%
Net Margin
ALAB
ALAB
PDM
PDM
Q1 26
-31.4%
Q4 25
16.6%
-30.3%
Q3 25
39.5%
-9.7%
Q2 25
26.7%
-12.0%
Q1 25
20.0%
-7.1%
Q4 24
17.5%
-20.9%
Q3 24
-6.7%
-8.3%
Q2 24
-9.8%
-6.8%
EPS (diluted)
ALAB
ALAB
PDM
PDM
Q1 26
$-0.10
Q4 25
$0.25
$-0.34
Q3 25
$0.50
$-0.11
Q2 25
$0.29
$-0.14
Q1 25
$0.18
$-0.08
Q4 24
$1.23
$-0.25
Q3 24
$-0.05
$-0.09
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
PDM
PDM
Cash + ST InvestmentsLiquidity on hand
$167.6M
$2.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$1.5B
Total Assets
$1.5B
$4.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALAB
ALAB
PDM
PDM
Q1 26
$2.3M
Q4 25
$167.6M
$731.0K
Q3 25
$140.4M
$3.0M
Q2 25
$162.3M
$3.3M
Q1 25
$86.4M
$2.9M
Q4 24
$79.6M
$109.6M
Q3 24
$126.1M
$133.6M
Q2 24
$421.1M
$138.5M
Total Debt
ALAB
ALAB
PDM
PDM
Q1 26
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.2B
Q2 24
$2.2B
Stockholders' Equity
ALAB
ALAB
PDM
PDM
Q1 26
$1.5B
Q4 25
$1.4B
$1.5B
Q3 25
$1.3B
$1.5B
Q2 25
$1.1B
$1.5B
Q1 25
$1.0B
$1.6B
Q4 24
$964.8M
$1.6B
Q3 24
$889.6M
$1.6B
Q2 24
$845.3M
$1.7B
Total Assets
ALAB
ALAB
PDM
PDM
Q1 26
$4.0B
Q4 25
$1.5B
$4.0B
Q3 25
$1.4B
$4.0B
Q2 25
$1.3B
$4.0B
Q1 25
$1.1B
$4.0B
Q4 24
$1.1B
$4.1B
Q3 24
$983.1M
$4.1B
Q2 24
$915.5M
$4.2B
Debt / Equity
ALAB
ALAB
PDM
PDM
Q1 26
Q4 25
1.49×
Q3 25
1.43×
Q2 25
1.41×
Q1 25
1.40×
Q4 24
1.40×
Q3 24
1.36×
Q2 24
1.34×

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
PDM
PDM
Operating Cash FlowLast quarter
$95.3M
Free Cash FlowOCF − Capex
$76.6M
FCF MarginFCF / Revenue
28.3%
Capex IntensityCapex / Revenue
6.9%
110.3%
Cash ConversionOCF / Net Profit
2.12×
TTM Free Cash FlowTrailing 4 quarters
$281.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALAB
ALAB
PDM
PDM
Q1 26
Q4 25
$95.3M
$140.6M
Q3 25
$78.2M
$35.8M
Q2 25
$135.4M
$50.1M
Q1 25
$10.5M
$3.7M
Q4 24
$39.7M
$198.1M
Q3 24
$63.5M
$42.9M
Q2 24
$29.8M
$66.8M
Free Cash Flow
ALAB
ALAB
PDM
PDM
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
PDM
PDM
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
PDM
PDM
Q1 26
110.3%
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
PDM
PDM
Q1 26
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.

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