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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
Skyward Specialty Insurance Group, Inc. is the larger business by last-quarter revenue ($385.6M vs $270.6M, roughly 1.4× Astera Labs, Inc.). Astera Labs, Inc. runs the higher net margin — 16.6% vs 11.2%, a 5.4% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs 26.7%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $76.6M). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs 20.6%).
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.
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
ALAB vs SKWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $385.6M |
| Net Profit | $45.0M | $43.2M |
| Gross Margin | 75.6% | — |
| Operating Margin | 24.7% | 14.2% |
| Net Margin | 16.6% | 11.2% |
| Revenue YoY | 91.8% | 26.7% |
| Net Profit YoY | 82.0% | 200.1% |
| EPS (diluted) | $0.25 | $1.03 |
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 | $385.6M | ||
| Q3 25 | $230.6M | $382.5M | ||
| Q2 25 | $191.9M | $319.9M | ||
| Q1 25 | $159.4M | $328.5M | ||
| Q4 24 | $141.1M | $304.4M | ||
| Q3 24 | $113.1M | $300.9M | ||
| Q2 24 | $76.8M | $279.9M | ||
| Q1 24 | $65.3M | $265.0M |
| Q4 25 | $45.0M | $43.2M | ||
| Q3 25 | $91.1M | $45.9M | ||
| Q2 25 | $51.2M | $38.8M | ||
| Q1 25 | $31.8M | $42.1M | ||
| Q4 24 | $24.7M | $14.4M | ||
| Q3 24 | $-7.6M | $36.7M | ||
| Q2 24 | $-7.5M | $31.0M | ||
| Q1 24 | $-93.0M | $36.8M |
| 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% | 14.2% | ||
| Q3 25 | 24.0% | 15.8% | ||
| Q2 25 | 20.7% | 15.6% | ||
| Q1 25 | 7.1% | 15.7% | ||
| Q4 24 | 0.1% | 6.1% | ||
| Q3 24 | -7.9% | 15.6% | ||
| Q2 24 | -31.7% | 14.4% | ||
| Q1 24 | -127.1% | 17.7% |
| Q4 25 | 16.6% | 11.2% | ||
| Q3 25 | 39.5% | 12.0% | ||
| Q2 25 | 26.7% | 12.1% | ||
| Q1 25 | 20.0% | 12.8% | ||
| Q4 24 | 17.5% | 4.7% | ||
| Q3 24 | -6.7% | 12.2% | ||
| Q2 24 | -9.8% | 11.1% | ||
| Q1 24 | -142.5% | 13.9% |
| Q4 25 | $0.25 | $1.03 | ||
| Q3 25 | $0.50 | $1.10 | ||
| Q2 25 | $0.29 | $0.93 | ||
| Q1 25 | $0.18 | $1.01 | ||
| Q4 24 | $1.23 | $0.33 | ||
| Q3 24 | $-0.05 | $0.89 | ||
| Q2 24 | $-0.05 | $0.75 | ||
| Q1 24 | $-1.77 | $0.90 |
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 | $168.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $1.0B |
| Total Assets | $1.5B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.6M | $168.5M | ||
| Q3 25 | $140.4M | $160.1M | ||
| Q2 25 | $162.3M | $136.6M | ||
| Q1 25 | $86.4M | $112.9M | ||
| Q4 24 | $79.6M | $121.6M | ||
| Q3 24 | $126.1M | $105.6M | ||
| Q2 24 | $421.1M | $73.0M | ||
| Q1 24 | $696.1M | $85.1M |
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $1.3B | $961.4M | ||
| Q2 25 | $1.1B | $899.9M | ||
| Q1 25 | $1.0B | $850.7M | ||
| Q4 24 | $964.8M | $794.0M | ||
| Q3 24 | $889.6M | $797.5M | ||
| Q2 24 | $845.3M | $723.6M | ||
| Q1 24 | $808.8M | $692.3M |
| Q4 25 | $1.5B | $4.8B | ||
| Q3 25 | $1.4B | $4.6B | ||
| Q2 25 | $1.3B | $4.3B | ||
| Q1 25 | $1.1B | $4.0B | ||
| Q4 24 | $1.1B | $3.7B | ||
| Q3 24 | $983.1M | $3.6B | ||
| Q2 24 | $915.5M | $3.4B | ||
| Q1 24 | $864.9M | $3.2B |
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 | $408.1M |
| Free Cash FlowOCF − Capex | $76.6M | $402.6M |
| FCF MarginFCF / Revenue | 28.3% | 104.4% |
| Capex IntensityCapex / Revenue | 6.9% | 1.4% |
| Cash ConversionOCF / Net Profit | 2.12× | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | $281.8M | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.3M | $408.1M | ||
| Q3 25 | $78.2M | $171.4M | ||
| Q2 25 | $135.4M | $88.2M | ||
| Q1 25 | $10.5M | $96.8M | ||
| Q4 24 | $39.7M | $305.1M | ||
| Q3 24 | $63.5M | $168.0M | ||
| Q2 24 | $29.8M | $21.0M | ||
| Q1 24 | $3.7M | $94.3M |
| Q4 25 | $76.6M | $402.6M | ||
| Q3 25 | $65.9M | $168.9M | ||
| Q2 25 | $133.3M | $87.1M | ||
| Q1 25 | $6.0M | $96.6M | ||
| Q4 24 | $24.3M | $300.9M | ||
| Q3 24 | $46.8M | $167.6M | ||
| Q2 24 | $28.5M | $18.4M | ||
| Q1 24 | $228.0K | $94.0M |
| Q4 25 | 28.3% | 104.4% | ||
| Q3 25 | 28.6% | 44.2% | ||
| Q2 25 | 69.5% | 27.2% | ||
| Q1 25 | 3.7% | 29.4% | ||
| Q4 24 | 17.2% | 98.8% | ||
| Q3 24 | 41.4% | 55.7% | ||
| Q2 24 | 37.1% | 6.6% | ||
| Q1 24 | 0.3% | 35.5% |
| Q4 25 | 6.9% | 1.4% | ||
| Q3 25 | 5.3% | 0.6% | ||
| Q2 25 | 1.1% | 0.3% | ||
| Q1 25 | 2.8% | 0.1% | ||
| Q4 24 | 10.9% | 1.4% | ||
| Q3 24 | 14.8% | 0.1% | ||
| Q2 24 | 1.7% | 0.9% | ||
| Q1 24 | 5.2% | 0.1% |
| Q4 25 | 2.12× | 9.44× | ||
| Q3 25 | 0.86× | 3.73× | ||
| Q2 25 | 2.64× | 2.27× | ||
| Q1 25 | 0.33× | 2.30× | ||
| Q4 24 | 1.61× | 21.18× | ||
| Q3 24 | — | 4.58× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 2.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
