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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
Astera Labs, Inc. is the larger business by last-quarter revenue ($270.6M vs $253.4M, roughly 1.1× Palomar Holdings, Inc.). On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs 62.7%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $76.6M). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs 46.2%).
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.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
ALAB vs PLMR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $253.4M |
| Net Profit | $45.0M | — |
| Gross Margin | 75.6% | — |
| Operating Margin | 24.7% | 28.7% |
| Net Margin | 16.6% | — |
| Revenue YoY | 91.8% | 62.7% |
| Net Profit YoY | 82.0% | — |
| EPS (diluted) | $0.25 | $2.05 |
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 | $253.4M | ||
| Q3 25 | $230.6M | $244.7M | ||
| Q2 25 | $191.9M | $203.3M | ||
| Q1 25 | $159.4M | $174.6M | ||
| Q4 24 | $141.1M | $155.8M | ||
| Q3 24 | $113.1M | $148.5M | ||
| Q2 24 | $76.8M | $131.1M | ||
| Q1 24 | $65.3M | $118.5M |
| Q4 25 | $45.0M | — | ||
| Q3 25 | $91.1M | $51.5M | ||
| Q2 25 | $51.2M | $46.5M | ||
| Q1 25 | $31.8M | $42.9M | ||
| Q4 24 | $24.7M | — | ||
| Q3 24 | $-7.6M | $30.5M | ||
| Q2 24 | $-7.5M | $25.7M | ||
| Q1 24 | $-93.0M | $26.4M |
| 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% | 28.7% | ||
| Q3 25 | 24.0% | 27.4% | ||
| Q2 25 | 20.7% | 29.5% | ||
| Q1 25 | 7.1% | 30.8% | ||
| Q4 24 | 0.1% | 28.9% | ||
| Q3 24 | -7.9% | 25.9% | ||
| Q2 24 | -31.7% | 25.5% | ||
| Q1 24 | -127.1% | 29.0% |
| Q4 25 | 16.6% | — | ||
| Q3 25 | 39.5% | 21.0% | ||
| Q2 25 | 26.7% | 22.9% | ||
| Q1 25 | 20.0% | 24.6% | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | -6.7% | 20.5% | ||
| Q2 24 | -9.8% | 19.6% | ||
| Q1 24 | -142.5% | 22.3% |
| Q4 25 | $0.25 | $2.05 | ||
| Q3 25 | $0.50 | $1.87 | ||
| Q2 25 | $0.29 | $1.68 | ||
| Q1 25 | $0.18 | $1.57 | ||
| Q4 24 | $1.23 | $1.29 | ||
| Q3 24 | $-0.05 | $1.15 | ||
| Q2 24 | $-0.05 | $1.00 | ||
| Q1 24 | $-1.77 | $1.04 |
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 | $106.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $942.7M |
| Total Assets | $1.5B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.6M | $106.9M | ||
| Q3 25 | $140.4M | $111.7M | ||
| Q2 25 | $162.3M | $81.3M | ||
| Q1 25 | $86.4M | $119.3M | ||
| Q4 24 | $79.6M | $80.4M | ||
| Q3 24 | $126.1M | $86.5M | ||
| Q2 24 | $421.1M | $47.8M | ||
| Q1 24 | $696.1M | $61.4M |
| Q4 25 | $1.4B | $942.7M | ||
| Q3 25 | $1.3B | $878.1M | ||
| Q2 25 | $1.1B | $847.2M | ||
| Q1 25 | $1.0B | $790.4M | ||
| Q4 24 | $964.8M | $729.0M | ||
| Q3 24 | $889.6M | $703.3M | ||
| Q2 24 | $845.3M | $532.6M | ||
| Q1 24 | $808.8M | $501.7M |
| Q4 25 | $1.5B | $3.1B | ||
| Q3 25 | $1.4B | $2.9B | ||
| Q2 25 | $1.3B | $2.8B | ||
| Q1 25 | $1.1B | $2.4B | ||
| Q4 24 | $1.1B | $2.3B | ||
| Q3 24 | $983.1M | $2.3B | ||
| Q2 24 | $915.5M | $2.0B | ||
| Q1 24 | $864.9M | $1.9B |
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 | $409.1M |
| Free Cash FlowOCF − Capex | $76.6M | $409.0M |
| FCF MarginFCF / Revenue | 28.3% | 161.4% |
| Capex IntensityCapex / Revenue | 6.9% | 0.1% |
| Cash ConversionOCF / Net Profit | 2.12× | — |
| TTM Free Cash FlowTrailing 4 quarters | $281.8M | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.3M | $409.1M | ||
| Q3 25 | $78.2M | $83.6M | ||
| Q2 25 | $135.4M | $120.9M | ||
| Q1 25 | $10.5M | $87.2M | ||
| Q4 24 | $39.7M | $261.2M | ||
| Q3 24 | $63.5M | $100.3M | ||
| Q2 24 | $29.8M | $55.1M | ||
| Q1 24 | $3.7M | $33.1M |
| Q4 25 | $76.6M | $409.0M | ||
| Q3 25 | $65.9M | $83.6M | ||
| Q2 25 | $133.3M | $120.8M | ||
| Q1 25 | $6.0M | $87.1M | ||
| Q4 24 | $24.3M | $260.9M | ||
| Q3 24 | $46.8M | $100.1M | ||
| Q2 24 | $28.5M | — | ||
| Q1 24 | $228.0K | — |
| Q4 25 | 28.3% | 161.4% | ||
| Q3 25 | 28.6% | 34.2% | ||
| Q2 25 | 69.5% | 59.4% | ||
| Q1 25 | 3.7% | 49.9% | ||
| Q4 24 | 17.2% | 167.5% | ||
| Q3 24 | 41.4% | 67.4% | ||
| Q2 24 | 37.1% | — | ||
| Q1 24 | 0.3% | — |
| Q4 25 | 6.9% | 0.1% | ||
| Q3 25 | 5.3% | 0.0% | ||
| Q2 25 | 1.1% | 0.0% | ||
| Q1 25 | 2.8% | 0.0% | ||
| Q4 24 | 10.9% | 0.2% | ||
| Q3 24 | 14.8% | 0.1% | ||
| Q2 24 | 1.7% | 0.0% | ||
| Q1 24 | 5.2% | 0.0% |
| Q4 25 | 2.12× | — | ||
| Q3 25 | 0.86× | 1.63× | ||
| Q2 25 | 2.64× | 2.60× | ||
| Q1 25 | 0.33× | 2.03× | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 2.14× | ||
| Q1 24 | — | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
