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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and Ralliant Corp (RAL). Click either name above to swap in a different company.
Ralliant Corp is the larger business by last-quarter revenue ($529.1M vs $270.6M, roughly 2.0× Astera Labs, Inc.). Astera Labs, Inc. runs the higher net margin — 16.6% vs 7.5%, a 9.1% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs -0.5%). Ralliant Corp produced more free cash flow last quarter ($126.6M vs $76.6M).
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 RAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $529.1M |
| Net Profit | $45.0M | $39.9M |
| Gross Margin | 75.6% | 50.8% |
| Operating Margin | 24.7% | 9.8% |
| Net Margin | 16.6% | 7.5% |
| Revenue YoY | 91.8% | -0.5% |
| Net Profit YoY | 82.0% | -56.1% |
| EPS (diluted) | $0.25 | $0.35 |
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 | — | ||
| Q3 25 | $230.6M | $529.1M | ||
| Q2 25 | $191.9M | $503.3M | ||
| Q1 25 | $159.4M | — | ||
| Q4 24 | $141.1M | — | ||
| Q3 24 | $113.1M | $531.7M | ||
| Q2 24 | $76.8M | $533.7M | ||
| Q1 24 | $65.3M | — |
| Q4 25 | $45.0M | — | ||
| Q3 25 | $91.1M | $39.9M | ||
| Q2 25 | $51.2M | $47.6M | ||
| Q1 25 | $31.8M | — | ||
| Q4 24 | $24.7M | — | ||
| Q3 24 | $-7.6M | $90.9M | ||
| Q2 24 | $-7.5M | $64.8M | ||
| Q1 24 | $-93.0M | — |
| Q4 25 | 75.6% | — | ||
| Q3 25 | 76.2% | 50.8% | ||
| Q2 25 | 75.8% | 49.3% | ||
| Q1 25 | 74.9% | — | ||
| Q4 24 | 74.0% | — | ||
| Q3 24 | 77.7% | 52.6% | ||
| Q2 24 | 77.9% | 51.5% | ||
| Q1 24 | 77.4% | — |
| Q4 25 | 24.7% | — | ||
| Q3 25 | 24.0% | 9.8% | ||
| Q2 25 | 20.7% | 11.7% | ||
| Q1 25 | 7.1% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | -7.9% | 20.9% | ||
| Q2 24 | -31.7% | 19.7% | ||
| Q1 24 | -127.1% | — |
| Q4 25 | 16.6% | — | ||
| Q3 25 | 39.5% | 7.5% | ||
| Q2 25 | 26.7% | 9.5% | ||
| Q1 25 | 20.0% | — | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | -6.7% | 17.1% | ||
| Q2 24 | -9.8% | 12.1% | ||
| Q1 24 | -142.5% | — |
| Q4 25 | $0.25 | — | ||
| Q3 25 | $0.50 | $0.35 | ||
| Q2 25 | $0.29 | $0.42 | ||
| Q1 25 | $0.18 | — | ||
| Q4 24 | $1.23 | — | ||
| Q3 24 | $-0.05 | $0.81 | ||
| Q2 24 | $-0.05 | $0.57 | ||
| 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 | $264.2M |
| Total DebtLower is stronger | — | $1.1B |
| Stockholders' EquityBook value | $1.4B | $3.0B |
| Total Assets | $1.5B | $5.3B |
| Debt / EquityLower = less leverage | — | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.6M | — | ||
| Q3 25 | $140.4M | $264.2M | ||
| Q2 25 | $162.3M | $198.6M | ||
| Q1 25 | $86.4M | — | ||
| Q4 24 | $79.6M | — | ||
| Q3 24 | $126.1M | — | ||
| Q2 24 | $421.1M | — | ||
| Q1 24 | $696.1M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.3B | $3.0B | ||
| Q2 25 | $1.1B | $3.0B | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $964.8M | — | ||
| Q3 24 | $889.6M | $4.0B | ||
| Q2 24 | $845.3M | $4.0B | ||
| Q1 24 | $808.8M | — |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.4B | $5.3B | ||
| Q2 25 | $1.3B | $5.2B | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $983.1M | — | ||
| Q2 24 | $915.5M | — | ||
| Q1 24 | $864.9M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.38× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $138.6M |
| Free Cash FlowOCF − Capex | $76.6M | $126.6M |
| FCF MarginFCF / Revenue | 28.3% | 23.9% |
| Capex IntensityCapex / Revenue | 6.9% | 2.3% |
| Cash ConversionOCF / Net Profit | 2.12× | 3.47× |
| TTM Free Cash FlowTrailing 4 quarters | $281.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.3M | — | ||
| Q3 25 | $78.2M | $138.6M | ||
| Q2 25 | $135.4M | — | ||
| Q1 25 | $10.5M | — | ||
| Q4 24 | $39.7M | — | ||
| Q3 24 | $63.5M | — | ||
| Q2 24 | $29.8M | — | ||
| Q1 24 | $3.7M | — |
| Q4 25 | $76.6M | — | ||
| Q3 25 | $65.9M | $126.6M | ||
| Q2 25 | $133.3M | — | ||
| Q1 25 | $6.0M | — | ||
| Q4 24 | $24.3M | — | ||
| Q3 24 | $46.8M | — | ||
| Q2 24 | $28.5M | — | ||
| Q1 24 | $228.0K | — |
| Q4 25 | 28.3% | — | ||
| Q3 25 | 28.6% | 23.9% | ||
| Q2 25 | 69.5% | — | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 41.4% | — | ||
| Q2 24 | 37.1% | — | ||
| Q1 24 | 0.3% | — |
| Q4 25 | 6.9% | — | ||
| Q3 25 | 5.3% | 2.3% | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 14.8% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 5.2% | — |
| Q4 25 | 2.12× | — | ||
| Q3 25 | 0.86× | 3.47× | ||
| Q2 25 | 2.64× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALAB
Segment breakdown not available.
RAL
| Industrial Manufacturing | $111.1M | 21% |
| Defense And Space | $93.6M | 18% |
| Diversified Electronics | $91.0M | 17% |
| Test And Measurement | $76.8M | 15% |
| Communications | $60.7M | 11% |
| Semiconductors | $51.4M | 10% |
| Other Direct End Markets | $44.4M | 8% |
