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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.
Astera Labs, Inc. is the larger business by last-quarter revenue ($308.4M vs $249.0M, roughly 1.2× XPLR Infrastructure, LP). Astera Labs, Inc. runs the higher net margin — 26.0% vs 11.2%, a 14.8% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (93.4% vs -15.3%). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (100.3% CAGR vs -1.6%).
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.
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
ALAB vs XIFR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $308.4M | $249.0M |
| Net Profit | $80.3M | $28.0M |
| Gross Margin | 76.3% | — |
| Operating Margin | 20.1% | -19.3% |
| Net Margin | 26.0% | 11.2% |
| Revenue YoY | 93.4% | -15.3% |
| Net Profit YoY | 152.4% | 124.3% |
| EPS (diluted) | $0.44 | — |
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.
| Q1 26 | $308.4M | — | ||
| Q4 25 | $270.6M | $249.0M | ||
| Q3 25 | $230.6M | $315.0M | ||
| Q2 25 | $191.9M | $342.0M | ||
| Q1 25 | $159.4M | $282.0M | ||
| Q4 24 | $141.1M | $294.0M | ||
| Q3 24 | $113.1M | $319.0M | ||
| Q2 24 | $76.8M | $360.0M |
| Q1 26 | $80.3M | — | ||
| Q4 25 | $45.0M | $28.0M | ||
| Q3 25 | $91.1M | $-37.0M | ||
| Q2 25 | $51.2M | $79.0M | ||
| Q1 25 | $31.8M | $-98.0M | ||
| Q4 24 | $24.7M | $-115.0M | ||
| Q3 24 | $-7.6M | $-40.0M | ||
| Q2 24 | $-7.5M | $62.0M |
| Q1 26 | 76.3% | — | ||
| 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 26 | 20.1% | — | ||
| Q4 25 | 24.7% | -19.3% | ||
| Q3 25 | 24.0% | 1.6% | ||
| Q2 25 | 20.7% | 26.3% | ||
| Q1 25 | 7.1% | -82.6% | ||
| Q4 24 | 0.1% | -188.1% | ||
| Q3 24 | -7.9% | 15.4% | ||
| Q2 24 | -31.7% | 18.3% |
| Q1 26 | 26.0% | — | ||
| Q4 25 | 16.6% | 11.2% | ||
| Q3 25 | 39.5% | -11.7% | ||
| Q2 25 | 26.7% | 23.1% | ||
| Q1 25 | 20.0% | -34.8% | ||
| Q4 24 | 17.5% | -39.1% | ||
| Q3 24 | -6.7% | -12.5% | ||
| Q2 24 | -9.8% | 17.2% |
| Q1 26 | $0.44 | — | ||
| Q4 25 | $0.25 | — | ||
| Q3 25 | $0.50 | $-0.40 | ||
| Q2 25 | $0.29 | $0.84 | ||
| Q1 25 | $0.18 | $-1.05 | ||
| Q4 24 | $1.23 | — | ||
| Q3 24 | $-0.05 | $-0.43 | ||
| Q2 24 | $-0.05 | $0.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $148.3M | $960.0M |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | $1.5B | $10.9B |
| Total Assets | $1.7B | $19.6B |
| Debt / EquityLower = less leverage | — | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $148.3M | — | ||
| Q4 25 | $167.6M | $960.0M | ||
| Q3 25 | $140.4M | $711.0M | ||
| Q2 25 | $162.3M | $880.0M | ||
| Q1 25 | $86.4M | $1.5B | ||
| Q4 24 | $79.6M | $283.0M | ||
| Q3 24 | $126.1M | $290.0M | ||
| Q2 24 | $421.1M | $281.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.4B | $10.9B | ||
| Q3 25 | $1.3B | $11.0B | ||
| Q2 25 | $1.1B | $11.3B | ||
| Q1 25 | $1.0B | $12.6B | ||
| Q4 24 | $964.8M | $12.9B | ||
| Q3 24 | $889.6M | $13.6B | ||
| Q2 24 | $845.3M | $13.9B |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.5B | $19.6B | ||
| Q3 25 | $1.4B | $19.1B | ||
| Q2 25 | $1.3B | $20.5B | ||
| Q1 25 | $1.1B | $21.4B | ||
| Q4 24 | $1.1B | $20.3B | ||
| Q3 24 | $983.1M | $20.9B | ||
| Q2 24 | $915.5M | $21.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $74.6M | $186.0M |
| Free Cash FlowOCF − Capex | — | $-88.0M |
| FCF MarginFCF / Revenue | — | -35.3% |
| Capex IntensityCapex / Revenue | — | 110.0% |
| Cash ConversionOCF / Net Profit | 0.93× | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $74.6M | — | ||
| Q4 25 | $95.3M | $186.0M | ||
| Q3 25 | $78.2M | $231.0M | ||
| Q2 25 | $135.4M | $232.0M | ||
| Q1 25 | $10.5M | $90.0M | ||
| Q4 24 | $39.7M | $283.0M | ||
| Q3 24 | $63.5M | $208.0M | ||
| Q2 24 | $29.8M | $231.0M |
| Q1 26 | — | — | ||
| Q4 25 | $76.6M | $-88.0M | ||
| Q3 25 | $65.9M | $-283.0M | ||
| Q2 25 | $133.3M | $151.0M | ||
| Q1 25 | $6.0M | $1.0M | ||
| Q4 24 | $24.3M | $231.0M | ||
| Q3 24 | $46.8M | $152.0M | ||
| Q2 24 | $28.5M | $162.0M |
| Q1 26 | — | — | ||
| Q4 25 | 28.3% | -35.3% | ||
| Q3 25 | 28.6% | -89.8% | ||
| Q2 25 | 69.5% | 44.2% | ||
| Q1 25 | 3.7% | 0.4% | ||
| Q4 24 | 17.2% | 78.6% | ||
| Q3 24 | 41.4% | 47.6% | ||
| Q2 24 | 37.1% | 45.0% |
| Q1 26 | — | — | ||
| Q4 25 | 6.9% | 110.0% | ||
| Q3 25 | 5.3% | 163.2% | ||
| Q2 25 | 1.1% | 23.7% | ||
| Q1 25 | 2.8% | 31.6% | ||
| Q4 24 | 10.9% | 17.7% | ||
| Q3 24 | 14.8% | 17.6% | ||
| Q2 24 | 1.7% | 19.2% |
| Q1 26 | 0.93× | — | ||
| Q4 25 | 2.12× | 6.64× | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 2.64× | 2.94× | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALAB
Segment breakdown not available.
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
