vs
Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
Astera Labs, Inc. is the larger business by last-quarter revenue ($270.6M vs $183.8M, roughly 1.5× Wheels Up Experience Inc.). Astera Labs, Inc. runs the higher net margin — 16.6% vs -15.7%, a 32.3% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs -10.2%). Astera Labs, Inc. produced more free cash flow last quarter ($76.6M vs $-58.3M). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs -3.4%).
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.
Wheels Up is a provider of "on demand" private aviation in the United States and one of the largest private aviation companies in the world. It was founded in 2013 by Kenny Dichter, using a membership/on-demand business model. Wheels Up members can book private aircraft from the company fleet and third-party operators using a mobile application.
ALAB vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $183.8M |
| Net Profit | $45.0M | $-28.9M |
| Gross Margin | 75.6% | 14.3% |
| Operating Margin | 24.7% | -0.9% |
| Net Margin | 16.6% | -15.7% |
| Revenue YoY | 91.8% | -10.2% |
| Net Profit YoY | 82.0% | 67.0% |
| EPS (diluted) | $0.25 | $-0.04 |
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 | $183.8M | ||
| Q3 25 | $230.6M | $185.5M | ||
| Q2 25 | $191.9M | $189.6M | ||
| Q1 25 | $159.4M | $177.5M | ||
| Q4 24 | $141.1M | $204.8M | ||
| Q3 24 | $113.1M | $193.9M | ||
| Q2 24 | $76.8M | $196.3M | ||
| Q1 24 | $65.3M | $197.1M |
| Q4 25 | $45.0M | $-28.9M | ||
| Q3 25 | $91.1M | $-83.7M | ||
| Q2 25 | $51.2M | $-82.3M | ||
| Q1 25 | $31.8M | $-99.3M | ||
| Q4 24 | $24.7M | $-87.5M | ||
| Q3 24 | $-7.6M | $-57.7M | ||
| Q2 24 | $-7.5M | $-97.0M | ||
| Q1 24 | $-93.0M | $-97.4M |
| Q4 25 | 75.6% | 14.3% | ||
| Q3 25 | 76.2% | 6.8% | ||
| Q2 25 | 75.8% | 8.3% | ||
| Q1 25 | 74.9% | 10.8% | ||
| Q4 24 | 74.0% | 13.9% | ||
| Q3 24 | 77.7% | 13.9% | ||
| Q2 24 | 77.9% | 2.3% | ||
| Q1 24 | 77.4% | -0.6% |
| Q4 25 | 24.7% | -0.9% | ||
| Q3 25 | 24.0% | -33.1% | ||
| Q2 25 | 20.7% | -31.4% | ||
| Q1 25 | 7.1% | -45.5% | ||
| Q4 24 | 0.1% | -26.0% | ||
| Q3 24 | -7.9% | -21.6% | ||
| Q2 24 | -31.7% | -40.3% | ||
| Q1 24 | -127.1% | -42.9% |
| Q4 25 | 16.6% | -15.7% | ||
| Q3 25 | 39.5% | -45.1% | ||
| Q2 25 | 26.7% | -43.4% | ||
| Q1 25 | 20.0% | -55.9% | ||
| Q4 24 | 17.5% | -42.7% | ||
| Q3 24 | -6.7% | -29.8% | ||
| Q2 24 | -9.8% | -49.4% | ||
| Q1 24 | -142.5% | -49.4% |
| Q4 25 | $0.25 | $-0.04 | ||
| Q3 25 | $0.50 | $-0.12 | ||
| Q2 25 | $0.29 | $-0.12 | ||
| Q1 25 | $0.18 | $-0.14 | ||
| Q4 24 | $1.23 | $-0.13 | ||
| Q3 24 | $-0.05 | $-0.08 | ||
| Q2 24 | $-0.05 | $-0.14 | ||
| Q1 24 | $-1.77 | $-0.14 |
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 | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $1.4B | $-392.1M |
| Total Assets | $1.5B | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.6M | $133.9M | ||
| Q3 25 | $140.4M | $125.3M | ||
| Q2 25 | $162.3M | $107.0M | ||
| Q1 25 | $86.4M | $171.8M | ||
| Q4 24 | $79.6M | $216.4M | ||
| Q3 24 | $126.1M | $115.9M | ||
| Q2 24 | $421.1M | $141.5M | ||
| Q1 24 | $696.1M | $180.9M |
| Q4 25 | — | $671.3M | ||
| Q3 25 | — | $766.5M | ||
| Q2 25 | — | $770.5M | ||
| Q1 25 | — | $765.8M | ||
| Q4 24 | — | $761.3M | ||
| Q3 24 | — | $596.9M | ||
| Q2 24 | — | $597.4M | ||
| Q1 24 | — | $603.2M |
| Q4 25 | $1.4B | $-392.1M | ||
| Q3 25 | $1.3B | $-374.5M | ||
| Q2 25 | $1.1B | $-347.8M | ||
| Q1 25 | $1.0B | $-288.1M | ||
| Q4 24 | $964.8M | $-202.1M | ||
| Q3 24 | $889.6M | $-117.7M | ||
| Q2 24 | $845.3M | $-72.2M | ||
| Q1 24 | $808.8M | $936.0K |
| Q4 25 | $1.5B | $968.8M | ||
| Q3 25 | $1.4B | $973.0M | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $983.1M | $1.0B | ||
| Q2 24 | $915.5M | $1.1B | ||
| Q1 24 | $864.9M | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 644.43× |
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 | $-18.4M |
| Free Cash FlowOCF − Capex | $76.6M | $-58.3M |
| FCF MarginFCF / Revenue | 28.3% | -31.7% |
| Capex IntensityCapex / Revenue | 6.9% | 21.7% |
| Cash ConversionOCF / Net Profit | 2.12× | — |
| TTM Free Cash FlowTrailing 4 quarters | $281.8M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.3M | $-18.4M | ||
| Q3 25 | $78.2M | $-37.1M | ||
| Q2 25 | $135.4M | $-62.9M | ||
| Q1 25 | $10.5M | $-47.9M | ||
| Q4 24 | $39.7M | $37.9M | ||
| Q3 24 | $63.5M | $-16.9M | ||
| Q2 24 | $29.8M | $-25.2M | ||
| Q1 24 | $3.7M | $-73.8M |
| Q4 25 | $76.6M | $-58.3M | ||
| Q3 25 | $65.9M | $-60.4M | ||
| Q2 25 | $133.3M | $-78.6M | ||
| Q1 25 | $6.0M | $-62.6M | ||
| Q4 24 | $24.3M | $-70.2M | ||
| Q3 24 | $46.8M | $-21.9M | ||
| Q2 24 | $28.5M | $-30.8M | ||
| Q1 24 | $228.0K | $-77.8M |
| Q4 25 | 28.3% | -31.7% | ||
| Q3 25 | 28.6% | -32.6% | ||
| Q2 25 | 69.5% | -41.5% | ||
| Q1 25 | 3.7% | -35.3% | ||
| Q4 24 | 17.2% | -34.3% | ||
| Q3 24 | 41.4% | -11.3% | ||
| Q2 24 | 37.1% | -15.7% | ||
| Q1 24 | 0.3% | -39.5% |
| Q4 25 | 6.9% | 21.7% | ||
| Q3 25 | 5.3% | 12.5% | ||
| Q2 25 | 1.1% | 8.3% | ||
| Q1 25 | 2.8% | 8.3% | ||
| Q4 24 | 10.9% | 52.8% | ||
| Q3 24 | 14.8% | 2.6% | ||
| Q2 24 | 1.7% | 2.9% | ||
| Q1 24 | 5.2% | 2.0% |
| Q4 25 | 2.12× | — | ||
| Q3 25 | 0.86× | — | ||
| 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.
