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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and TREX CO INC (TREX). Click either name above to swap in a different company.

TREX CO INC is the larger business by last-quarter revenue ($343.4M vs $308.4M, roughly 1.1× Astera Labs, Inc.). Astera Labs, Inc. runs the higher net margin — 26.0% vs 17.9%, a 8.2% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (93.4% vs 1.0%). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (100.3% CAGR vs -4.5%).

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.

Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.

ALAB vs TREX — Head-to-Head

Bigger by revenue
TREX
TREX
1.1× larger
TREX
$343.4M
$308.4M
ALAB
Growing faster (revenue YoY)
ALAB
ALAB
+92.4% gap
ALAB
93.4%
1.0%
TREX
Higher net margin
ALAB
ALAB
8.2% more per $
ALAB
26.0%
17.9%
TREX
Faster 2-yr revenue CAGR
ALAB
ALAB
Annualised
ALAB
100.3%
-4.5%
TREX

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ALAB
ALAB
TREX
TREX
Revenue
$308.4M
$343.4M
Net Profit
$80.3M
$61.4M
Gross Margin
76.3%
40.5%
Operating Margin
20.1%
24.3%
Net Margin
26.0%
17.9%
Revenue YoY
93.4%
1.0%
Net Profit YoY
152.4%
1.6%
EPS (diluted)
$0.44
$0.58

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
TREX
TREX
Q1 26
$308.4M
$343.4M
Q4 25
$270.6M
$161.1M
Q3 25
$230.6M
$285.3M
Q2 25
$191.9M
$387.8M
Q1 25
$159.4M
$340.0M
Q4 24
$141.1M
$167.6M
Q3 24
$113.1M
$233.7M
Q2 24
$76.8M
$376.5M
Net Profit
ALAB
ALAB
TREX
TREX
Q1 26
$80.3M
$61.4M
Q4 25
$45.0M
$2.3M
Q3 25
$91.1M
$51.8M
Q2 25
$51.2M
$75.9M
Q1 25
$31.8M
$60.4M
Q4 24
$24.7M
$9.8M
Q3 24
$-7.6M
$40.6M
Q2 24
$-7.5M
$87.0M
Gross Margin
ALAB
ALAB
TREX
TREX
Q1 26
76.3%
40.5%
Q4 25
75.6%
30.2%
Q3 25
76.2%
40.5%
Q2 25
75.8%
40.8%
Q1 25
74.9%
40.5%
Q4 24
74.0%
32.7%
Q3 24
77.7%
39.9%
Q2 24
77.9%
44.7%
Operating Margin
ALAB
ALAB
TREX
TREX
Q1 26
20.1%
24.3%
Q4 25
24.7%
2.2%
Q3 25
24.0%
24.7%
Q2 25
20.7%
26.4%
Q1 25
7.1%
24.0%
Q4 24
0.1%
9.2%
Q3 24
-7.9%
23.2%
Q2 24
-31.7%
31.1%
Net Margin
ALAB
ALAB
TREX
TREX
Q1 26
26.0%
17.9%
Q4 25
16.6%
1.4%
Q3 25
39.5%
18.1%
Q2 25
26.7%
19.6%
Q1 25
20.0%
17.8%
Q4 24
17.5%
5.8%
Q3 24
-6.7%
17.4%
Q2 24
-9.8%
23.1%
EPS (diluted)
ALAB
ALAB
TREX
TREX
Q1 26
$0.44
$0.58
Q4 25
$0.25
$0.03
Q3 25
$0.50
$0.48
Q2 25
$0.29
$0.71
Q1 25
$0.18
$0.56
Q4 24
$1.23
$0.10
Q3 24
$-0.05
$0.37
Q2 24
$-0.05
$0.80

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALAB
ALAB
TREX
TREX
Cash + ST InvestmentsLiquidity on hand
$148.3M
$4.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$995.8M
Total Assets
$1.7B
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALAB
ALAB
TREX
TREX
Q1 26
$148.3M
$4.5M
Q4 25
$167.6M
$3.8M
Q3 25
$140.4M
$11.4M
Q2 25
$162.3M
$5.5M
Q1 25
$86.4M
$5.0M
Q4 24
$79.6M
$1.3M
Q3 24
$126.1M
$12.8M
Q2 24
$421.1M
$1.2M
Stockholders' Equity
ALAB
ALAB
TREX
TREX
Q1 26
$1.5B
$995.8M
Q4 25
$1.4B
$1.0B
Q3 25
$1.3B
$1.0B
Q2 25
$1.1B
$989.3M
Q1 25
$1.0B
$910.1M
Q4 24
$964.8M
$850.1M
Q3 24
$889.6M
$887.9M
Q2 24
$845.3M
$894.9M
Total Assets
ALAB
ALAB
TREX
TREX
Q1 26
$1.7B
$1.7B
Q4 25
$1.5B
$1.5B
Q3 25
$1.4B
$1.5B
Q2 25
$1.3B
$1.5B
Q1 25
$1.1B
$1.6B
Q4 24
$1.1B
$1.3B
Q3 24
$983.1M
$1.3B
Q2 24
$915.5M
$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
ALAB
ALAB
TREX
TREX
Operating Cash FlowLast quarter
$74.6M
$-118.4M
Free Cash FlowOCF − Capex
$-143.4M
FCF MarginFCF / Revenue
-41.8%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.93×
-1.93×
TTM Free Cash FlowTrailing 4 quarters
$224.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALAB
ALAB
TREX
TREX
Q1 26
$74.6M
$-118.4M
Q4 25
$95.3M
$65.5M
Q3 25
$78.2M
$196.9M
Q2 25
$135.4M
$249.8M
Q1 25
$10.5M
$-154.0M
Q4 24
$39.7M
$-8.5M
Q3 24
$63.5M
$132.8M
Q2 24
$29.8M
$193.7M
Free Cash Flow
ALAB
ALAB
TREX
TREX
Q1 26
$-143.4M
Q4 25
$76.6M
$22.1M
Q3 25
$65.9M
$142.9M
Q2 25
$133.3M
$203.0M
Q1 25
$6.0M
$-233.5M
Q4 24
$24.3M
$-89.3M
Q3 24
$46.8M
$54.5M
Q2 24
$28.5M
$158.2M
FCF Margin
ALAB
ALAB
TREX
TREX
Q1 26
-41.8%
Q4 25
28.3%
13.7%
Q3 25
28.6%
50.1%
Q2 25
69.5%
52.3%
Q1 25
3.7%
-68.7%
Q4 24
17.2%
-53.3%
Q3 24
41.4%
23.3%
Q2 24
37.1%
42.0%
Capex Intensity
ALAB
ALAB
TREX
TREX
Q1 26
Q4 25
6.9%
26.9%
Q3 25
5.3%
18.9%
Q2 25
1.1%
12.1%
Q1 25
2.8%
23.4%
Q4 24
10.9%
48.2%
Q3 24
14.8%
33.5%
Q2 24
1.7%
9.4%
Cash Conversion
ALAB
ALAB
TREX
TREX
Q1 26
0.93×
-1.93×
Q4 25
2.12×
28.45×
Q3 25
0.86×
3.80×
Q2 25
2.64×
3.29×
Q1 25
0.33×
-2.55×
Q4 24
1.61×
-0.87×
Q3 24
3.27×
Q2 24
2.23×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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