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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
Astera Labs, Inc. is the larger business by last-quarter revenue ($270.6M vs $208.0M, roughly 1.3× VIRTUS INVESTMENT PARTNERS, INC.). Astera Labs, Inc. runs the higher net margin — 16.6% vs 16.3%, a 0.4% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs -10.9%). Astera Labs, Inc. produced more free cash flow last quarter ($76.6M vs $-74.1M). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs -3.2%).
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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
ALAB vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $208.0M |
| Net Profit | $45.0M | $33.9M |
| Gross Margin | 75.6% | — |
| Operating Margin | 24.7% | 19.1% |
| Net Margin | 16.6% | 16.3% |
| Revenue YoY | 91.8% | -10.9% |
| Net Profit YoY | 82.0% | -14.2% |
| EPS (diluted) | $0.25 | $5.15 |
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 | $208.0M | ||
| Q3 25 | $230.6M | $216.4M | ||
| Q2 25 | $191.9M | $210.5M | ||
| Q1 25 | $159.4M | $217.9M | ||
| Q4 24 | $141.1M | $233.5M | ||
| Q3 24 | $113.1M | $227.0M | ||
| Q2 24 | $76.8M | $224.4M | ||
| Q1 24 | $65.3M | $222.0M |
| Q4 25 | $45.0M | $33.9M | ||
| Q3 25 | $91.1M | $31.3M | ||
| Q2 25 | $51.2M | $42.7M | ||
| Q1 25 | $31.8M | $28.1M | ||
| Q4 24 | $24.7M | $39.5M | ||
| Q3 24 | $-7.6M | $49.1M | ||
| Q2 24 | $-7.5M | $26.0M | ||
| Q1 24 | $-93.0M | $37.9M |
| 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% | 19.1% | ||
| Q3 25 | 24.0% | 21.7% | ||
| Q2 25 | 20.7% | 21.5% | ||
| Q1 25 | 7.1% | 16.8% | ||
| Q4 24 | 0.1% | 21.7% | ||
| Q3 24 | -7.9% | 24.3% | ||
| Q2 24 | -31.7% | 19.7% | ||
| Q1 24 | -127.1% | 14.5% |
| Q4 25 | 16.6% | 16.3% | ||
| Q3 25 | 39.5% | 14.5% | ||
| Q2 25 | 26.7% | 20.3% | ||
| Q1 25 | 20.0% | 12.9% | ||
| Q4 24 | 17.5% | 16.9% | ||
| Q3 24 | -6.7% | 21.6% | ||
| Q2 24 | -9.8% | 11.6% | ||
| Q1 24 | -142.5% | 17.1% |
| Q4 25 | $0.25 | $5.15 | ||
| Q3 25 | $0.50 | $4.65 | ||
| Q2 25 | $0.29 | $6.12 | ||
| Q1 25 | $0.18 | $4.05 | ||
| Q4 24 | $1.23 | $4.65 | ||
| Q3 24 | $-0.05 | $5.71 | ||
| Q2 24 | $-0.05 | $2.43 | ||
| Q1 24 | $-1.77 | $4.10 |
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 | — |
| Total DebtLower is stronger | — | $390.0M |
| Stockholders' EquityBook value | $1.4B | $934.0M |
| Total Assets | $1.5B | $4.3B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.6M | — | ||
| Q3 25 | $140.4M | — | ||
| Q2 25 | $162.3M | — | ||
| Q1 25 | $86.4M | — | ||
| Q4 24 | $79.6M | — | ||
| Q3 24 | $126.1M | — | ||
| Q2 24 | $421.1M | — | ||
| Q1 24 | $696.1M | — |
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M | ||
| Q1 24 | — | $253.0M |
| Q4 25 | $1.4B | $934.0M | ||
| Q3 25 | $1.3B | $918.7M | ||
| Q2 25 | $1.1B | $896.4M | ||
| Q1 25 | $1.0B | $893.7M | ||
| Q4 24 | $964.8M | $897.5M | ||
| Q3 24 | $889.6M | $889.0M | ||
| Q2 24 | $845.3M | $868.7M | ||
| Q1 24 | $808.8M | $871.7M |
| Q4 25 | $1.5B | $4.3B | ||
| Q3 25 | $1.4B | $3.9B | ||
| Q2 25 | $1.3B | $3.7B | ||
| Q1 25 | $1.1B | $3.7B | ||
| Q4 24 | $1.1B | $4.0B | ||
| Q3 24 | $983.1M | $3.6B | ||
| Q2 24 | $915.5M | $3.6B | ||
| Q1 24 | $864.9M | $3.5B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | — | 0.29× |
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 | $-67.2M |
| Free Cash FlowOCF − Capex | $76.6M | $-74.1M |
| FCF MarginFCF / Revenue | 28.3% | -35.6% |
| Capex IntensityCapex / Revenue | 6.9% | 3.3% |
| Cash ConversionOCF / Net Profit | 2.12× | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $281.8M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.3M | $-67.2M | ||
| Q3 25 | $78.2M | $108.3M | ||
| Q2 25 | $135.4M | $75.8M | ||
| Q1 25 | $10.5M | $-3.8M | ||
| Q4 24 | $39.7M | $1.8M | ||
| Q3 24 | $63.5M | $69.1M | ||
| Q2 24 | $29.8M | $70.0M | ||
| Q1 24 | $3.7M | $-34.5M |
| Q4 25 | $76.6M | $-74.1M | ||
| Q3 25 | $65.9M | $106.9M | ||
| Q2 25 | $133.3M | $74.2M | ||
| Q1 25 | $6.0M | $-6.8M | ||
| Q4 24 | $24.3M | $-3.8M | ||
| Q3 24 | $46.8M | $68.7M | ||
| Q2 24 | $28.5M | $68.6M | ||
| Q1 24 | $228.0K | $-36.5M |
| Q4 25 | 28.3% | -35.6% | ||
| Q3 25 | 28.6% | 49.4% | ||
| Q2 25 | 69.5% | 35.2% | ||
| Q1 25 | 3.7% | -3.1% | ||
| Q4 24 | 17.2% | -1.6% | ||
| Q3 24 | 41.4% | 30.3% | ||
| Q2 24 | 37.1% | 30.6% | ||
| Q1 24 | 0.3% | -16.4% |
| Q4 25 | 6.9% | 3.3% | ||
| Q3 25 | 5.3% | 0.7% | ||
| Q2 25 | 1.1% | 0.7% | ||
| Q1 25 | 2.8% | 1.4% | ||
| Q4 24 | 10.9% | 2.4% | ||
| Q3 24 | 14.8% | 0.2% | ||
| Q2 24 | 1.7% | 0.6% | ||
| Q1 24 | 5.2% | 0.9% |
| Q4 25 | 2.12× | -1.99× | ||
| Q3 25 | 0.86× | 3.45× | ||
| Q2 25 | 2.64× | 1.77× | ||
| Q1 25 | 0.33× | -0.13× | ||
| Q4 24 | 1.61× | 0.04× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 2.69× | ||
| Q1 24 | — | -0.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALAB
Segment breakdown not available.
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
