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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and PJT Partners Inc. (PJT). Click either name above to swap in a different company.
PJT Partners Inc. is the larger business by last-quarter revenue ($531.4M vs $270.6M, roughly 2.0× Astera Labs, Inc.). Astera Labs, Inc. runs the higher net margin — 16.6% vs 10.0%, a 6.6% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs 12.9%). PJT Partners Inc. produced more free cash flow last quarter ($138.6M vs $76.6M). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs 27.5%).
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.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
ALAB vs PJT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $531.4M |
| Net Profit | $45.0M | $53.4M |
| Gross Margin | 75.6% | — |
| Operating Margin | 24.7% | 23.1% |
| Net Margin | 16.6% | 10.0% |
| Revenue YoY | 91.8% | 12.9% |
| Net Profit YoY | 82.0% | 4.0% |
| EPS (diluted) | $0.25 | — |
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 | $531.4M | ||
| Q3 25 | $230.6M | $442.3M | ||
| Q2 25 | $191.9M | $401.1M | ||
| Q1 25 | $159.4M | $321.9M | ||
| Q4 24 | $141.1M | $470.5M | ||
| Q3 24 | $113.1M | $320.3M | ||
| Q2 24 | $76.8M | $358.1M | ||
| Q1 24 | $65.3M | $327.1M |
| Q4 25 | $45.0M | $53.4M | ||
| Q3 25 | $91.1M | $39.8M | ||
| Q2 25 | $51.2M | $32.9M | ||
| Q1 25 | $31.8M | $54.0M | ||
| Q4 24 | $24.7M | $51.3M | ||
| Q3 24 | $-7.6M | $22.1M | ||
| Q2 24 | $-7.5M | $28.3M | ||
| Q1 24 | $-93.0M | $32.6M |
| 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% | 23.1% | ||
| Q3 25 | 24.0% | 20.6% | ||
| Q2 25 | 20.7% | 19.1% | ||
| Q1 25 | 7.1% | 16.3% | ||
| Q4 24 | 0.1% | 21.9% | ||
| Q3 24 | -7.9% | 15.4% | ||
| Q2 24 | -31.7% | 18.0% | ||
| Q1 24 | -127.1% | 16.5% |
| Q4 25 | 16.6% | 10.0% | ||
| Q3 25 | 39.5% | 9.0% | ||
| Q2 25 | 26.7% | 8.2% | ||
| Q1 25 | 20.0% | 16.8% | ||
| Q4 24 | 17.5% | 10.9% | ||
| Q3 24 | -6.7% | 6.9% | ||
| Q2 24 | -9.8% | 7.9% | ||
| Q1 24 | -142.5% | 10.0% |
| Q4 25 | $0.25 | — | ||
| Q3 25 | $0.50 | — | ||
| Q2 25 | $0.29 | — | ||
| Q1 25 | $0.18 | — | ||
| Q4 24 | $1.23 | — | ||
| Q3 24 | $-0.05 | — | ||
| Q2 24 | $-0.05 | — | ||
| Q1 24 | $-1.77 | — |
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 | $538.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $308.2M |
| Total Assets | $1.5B | $1.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.6M | $538.9M | ||
| Q3 25 | $140.4M | $400.5M | ||
| Q2 25 | $162.3M | $214.6M | ||
| Q1 25 | $86.4M | $194.3M | ||
| Q4 24 | $79.6M | $483.9M | ||
| Q3 24 | $126.1M | $148.8M | ||
| Q2 24 | $421.1M | $164.2M | ||
| Q1 24 | $696.1M | $215.5M |
| Q4 25 | $1.4B | $308.2M | ||
| Q3 25 | $1.3B | $228.6M | ||
| Q2 25 | $1.1B | $167.4M | ||
| Q1 25 | $1.0B | $148.8M | ||
| Q4 24 | $964.8M | $187.0M | ||
| Q3 24 | $889.6M | $159.1M | ||
| Q2 24 | $845.3M | $133.8M | ||
| Q1 24 | $808.8M | $174.6M |
| Q4 25 | $1.5B | $1.8B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $983.1M | $1.6B | ||
| Q2 24 | $915.5M | $1.4B | ||
| Q1 24 | $864.9M | $1.3B |
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 | $155.7M |
| Free Cash FlowOCF − Capex | $76.6M | $138.6M |
| FCF MarginFCF / Revenue | 28.3% | 26.1% |
| Capex IntensityCapex / Revenue | 6.9% | 3.2% |
| Cash ConversionOCF / Net Profit | 2.12× | 2.92× |
| TTM Free Cash FlowTrailing 4 quarters | $281.8M | $480.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.3M | $155.7M | ||
| Q3 25 | $78.2M | $256.1M | ||
| Q2 25 | $135.4M | $190.4M | ||
| Q1 25 | $10.5M | $-75.9M | ||
| Q4 24 | $39.7M | $195.7M | ||
| Q3 24 | $63.5M | $180.5M | ||
| Q2 24 | $29.8M | $193.6M | ||
| Q1 24 | $3.7M | $-38.8M |
| Q4 25 | $76.6M | $138.6M | ||
| Q3 25 | $65.9M | $240.9M | ||
| Q2 25 | $133.3M | $178.9M | ||
| Q1 25 | $6.0M | $-77.9M | ||
| Q4 24 | $24.3M | $195.3M | ||
| Q3 24 | $46.8M | $178.5M | ||
| Q2 24 | $28.5M | $193.0M | ||
| Q1 24 | $228.0K | $-39.2M |
| Q4 25 | 28.3% | 26.1% | ||
| Q3 25 | 28.6% | 54.5% | ||
| Q2 25 | 69.5% | 44.6% | ||
| Q1 25 | 3.7% | -24.2% | ||
| Q4 24 | 17.2% | 41.5% | ||
| Q3 24 | 41.4% | 55.7% | ||
| Q2 24 | 37.1% | 53.9% | ||
| Q1 24 | 0.3% | -12.0% |
| Q4 25 | 6.9% | 3.2% | ||
| Q3 25 | 5.3% | 3.4% | ||
| Q2 25 | 1.1% | 2.9% | ||
| Q1 25 | 2.8% | 0.6% | ||
| Q4 24 | 10.9% | 0.1% | ||
| Q3 24 | 14.8% | 0.6% | ||
| Q2 24 | 1.7% | 0.1% | ||
| Q1 24 | 5.2% | 0.1% |
| Q4 25 | 2.12× | 2.92× | ||
| Q3 25 | 0.86× | 6.43× | ||
| Q2 25 | 2.64× | 5.79× | ||
| Q1 25 | 0.33× | -1.41× | ||
| Q4 24 | 1.61× | 3.81× | ||
| Q3 24 | — | 8.15× | ||
| Q2 24 | — | 6.84× | ||
| Q1 24 | — | -1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
