vs

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

TRINITY INDUSTRIES INC is the larger business by last-quarter revenue ($611.2M vs $308.4M, roughly 2.0× Astera Labs, Inc.). TRINITY INDUSTRIES INC runs the higher net margin — 31.8% vs 26.0%, a 5.7% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (93.4% vs -2.9%). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (100.3% CAGR vs -13.1%).

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.

Trinity Industries Inc. is an American industrial corporation that owns a variety of businesses which provide products and services to the industrial, energy, transportation and construction sectors.

ALAB vs TRN — Head-to-Head

Bigger by revenue
TRN
TRN
2.0× larger
TRN
$611.2M
$308.4M
ALAB
Growing faster (revenue YoY)
ALAB
ALAB
+96.3% gap
ALAB
93.4%
-2.9%
TRN
Higher net margin
TRN
TRN
5.7% more per $
TRN
31.8%
26.0%
ALAB
Faster 2-yr revenue CAGR
ALAB
ALAB
Annualised
ALAB
100.3%
-13.1%
TRN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ALAB
ALAB
TRN
TRN
Revenue
$308.4M
$611.2M
Net Profit
$80.3M
$194.2M
Gross Margin
76.3%
25.5%
Operating Margin
20.1%
54.9%
Net Margin
26.0%
31.8%
Revenue YoY
93.4%
-2.9%
Net Profit YoY
152.4%
413.8%
EPS (diluted)
$0.44
$2.25

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.

Revenue
ALAB
ALAB
TRN
TRN
Q1 26
$308.4M
Q4 25
$270.6M
$611.2M
Q3 25
$230.6M
$454.1M
Q2 25
$191.9M
$506.2M
Q1 25
$159.4M
$585.4M
Q4 24
$141.1M
$629.4M
Q3 24
$113.1M
$798.8M
Q2 24
$76.8M
$841.4M
Net Profit
ALAB
ALAB
TRN
TRN
Q1 26
$80.3M
Q4 25
$45.0M
$194.2M
Q3 25
$91.1M
$30.3M
Q2 25
$51.2M
$14.1M
Q1 25
$31.8M
$22.1M
Q4 24
$24.7M
$37.8M
Q3 24
$-7.6M
$31.4M
Q2 24
$-7.5M
$54.4M
Gross Margin
ALAB
ALAB
TRN
TRN
Q1 26
76.3%
Q4 25
75.6%
25.5%
Q3 25
76.2%
31.1%
Q2 25
75.8%
26.4%
Q1 25
74.9%
24.3%
Q4 24
74.0%
24.6%
Q3 24
77.7%
21.2%
Q2 24
77.9%
21.3%
Operating Margin
ALAB
ALAB
TRN
TRN
Q1 26
20.1%
Q4 25
24.7%
54.9%
Q3 25
24.0%
26.1%
Q2 25
20.7%
18.8%
Q1 25
7.1%
17.0%
Q4 24
0.1%
17.8%
Q3 24
-7.9%
15.3%
Q2 24
-31.7%
16.9%
Net Margin
ALAB
ALAB
TRN
TRN
Q1 26
26.0%
Q4 25
16.6%
31.8%
Q3 25
39.5%
6.7%
Q2 25
26.7%
2.8%
Q1 25
20.0%
3.8%
Q4 24
17.5%
6.0%
Q3 24
-6.7%
3.9%
Q2 24
-9.8%
6.5%
EPS (diluted)
ALAB
ALAB
TRN
TRN
Q1 26
$0.44
Q4 25
$0.25
$2.25
Q3 25
$0.50
$0.37
Q2 25
$0.29
$0.17
Q1 25
$0.18
$0.26
Q4 24
$1.23
$0.34
Q3 24
$-0.05
$0.37
Q2 24
$-0.05
$0.65

Balance Sheet & Financial Strength

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

Metric
ALAB
ALAB
TRN
TRN
Cash + ST InvestmentsLiquidity on hand
$148.3M
$201.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$1.1B
Total Assets
$1.7B
$8.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALAB
ALAB
TRN
TRN
Q1 26
$148.3M
Q4 25
$167.6M
$201.3M
Q3 25
$140.4M
$66.3M
Q2 25
$162.3M
$147.7M
Q1 25
$86.4M
$94.9M
Q4 24
$79.6M
$228.2M
Q3 24
$126.1M
$222.4M
Q2 24
$421.1M
$257.1M
Stockholders' Equity
ALAB
ALAB
TRN
TRN
Q1 26
$1.5B
Q4 25
$1.4B
$1.1B
Q3 25
$1.3B
$1.0B
Q2 25
$1.1B
$1.0B
Q1 25
$1.0B
$1.1B
Q4 24
$964.8M
$1.1B
Q3 24
$889.6M
$1.1B
Q2 24
$845.3M
$1.1B
Total Assets
ALAB
ALAB
TRN
TRN
Q1 26
$1.7B
Q4 25
$1.5B
$8.4B
Q3 25
$1.4B
$8.9B
Q2 25
$1.3B
$8.8B
Q1 25
$1.1B
$8.7B
Q4 24
$1.1B
$8.8B
Q3 24
$983.1M
$8.8B
Q2 24
$915.5M
$9.0B

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
TRN
TRN
Operating Cash FlowLast quarter
$74.6M
$177.4M
Free Cash FlowOCF − Capex
$158.6M
FCF MarginFCF / Revenue
25.9%
Capex IntensityCapex / Revenue
3.1%
Cash ConversionOCF / Net Profit
0.93×
0.91×
TTM Free Cash FlowTrailing 4 quarters
$314.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALAB
ALAB
TRN
TRN
Q1 26
$74.6M
Q4 25
$95.3M
$177.4M
Q3 25
$78.2M
$44.2M
Q2 25
$135.4M
$61.6M
Q1 25
$10.5M
$76.5M
Q4 24
$39.7M
$201.6M
Q3 24
$63.5M
$78.5M
Q2 24
$29.8M
$241.5M
Free Cash Flow
ALAB
ALAB
TRN
TRN
Q1 26
Q4 25
$76.6M
$158.6M
Q3 25
$65.9M
$35.3M
Q2 25
$133.3M
$52.9M
Q1 25
$6.0M
$67.3M
Q4 24
$24.3M
$180.1M
Q3 24
$46.8M
$62.1M
Q2 24
$28.5M
$230.2M
FCF Margin
ALAB
ALAB
TRN
TRN
Q1 26
Q4 25
28.3%
25.9%
Q3 25
28.6%
7.8%
Q2 25
69.5%
10.5%
Q1 25
3.7%
11.5%
Q4 24
17.2%
28.6%
Q3 24
41.4%
7.8%
Q2 24
37.1%
27.4%
Capex Intensity
ALAB
ALAB
TRN
TRN
Q1 26
Q4 25
6.9%
3.1%
Q3 25
5.3%
2.0%
Q2 25
1.1%
1.7%
Q1 25
2.8%
1.6%
Q4 24
10.9%
3.4%
Q3 24
14.8%
2.1%
Q2 24
1.7%
1.3%
Cash Conversion
ALAB
ALAB
TRN
TRN
Q1 26
0.93×
Q4 25
2.12×
0.91×
Q3 25
0.86×
1.46×
Q2 25
2.64×
4.37×
Q1 25
0.33×
3.46×
Q4 24
1.61×
5.33×
Q3 24
2.50×
Q2 24
4.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALAB
ALAB

Segment breakdown not available.

TRN
TRN

Manufacturing$296.5M49%
Leasing And Management$234.8M38%
Maintenance Services Domain$69.8M11%
Digital Logistics Services$11.2M2%

Related Comparisons