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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and Xometry, Inc. (XMTR). Click either name above to swap in a different company.
Astera Labs, Inc. is the larger business by last-quarter revenue ($270.6M vs $192.4M, roughly 1.4× Xometry, Inc.). Astera Labs, Inc. runs the higher net margin — 16.6% vs -4.5%, a 21.1% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs 29.5%). Astera Labs, Inc. produced more free cash flow last quarter ($76.6M vs $-5.9M). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs 25.2%).
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.
Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.
ALAB vs XMTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $192.4M |
| Net Profit | $45.0M | $-8.6M |
| Gross Margin | 75.6% | 39.1% |
| Operating Margin | 24.7% | -4.6% |
| Net Margin | 16.6% | -4.5% |
| Revenue YoY | 91.8% | 29.5% |
| Net Profit YoY | 82.0% | 12.7% |
| EPS (diluted) | $0.25 | — |
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.
| Q4 25 | $270.6M | $192.4M | ||
| Q3 25 | $230.6M | $180.7M | ||
| Q2 25 | $191.9M | $162.5M | ||
| Q1 25 | $159.4M | $151.0M | ||
| Q4 24 | $141.1M | $148.5M | ||
| Q3 24 | $113.1M | $141.7M | ||
| Q2 24 | $76.8M | $132.6M | ||
| Q1 24 | $65.3M | $122.7M |
| Q4 25 | $45.0M | $-8.6M | ||
| Q3 25 | $91.1M | $-11.6M | ||
| Q2 25 | $51.2M | $-26.4M | ||
| Q1 25 | $31.8M | $-15.1M | ||
| Q4 24 | $24.7M | $-9.9M | ||
| Q3 24 | $-7.6M | $-10.2M | ||
| Q2 24 | $-7.5M | $-13.7M | ||
| Q1 24 | $-93.0M | $-16.6M |
| Q4 25 | 75.6% | 39.1% | ||
| Q3 25 | 76.2% | 39.9% | ||
| Q2 25 | 75.8% | 40.1% | ||
| Q1 25 | 74.9% | 37.3% | ||
| Q4 24 | 74.0% | 39.7% | ||
| Q3 24 | 77.7% | 39.4% | ||
| Q2 24 | 77.9% | 39.9% | ||
| Q1 24 | 77.4% | 39.0% |
| Q4 25 | 24.7% | -4.6% | ||
| Q3 25 | 24.0% | -6.1% | ||
| Q2 25 | 20.7% | -6.3% | ||
| Q1 25 | 7.1% | -10.2% | ||
| Q4 24 | 0.1% | -7.8% | ||
| Q3 24 | -7.9% | -8.1% | ||
| Q2 24 | -31.7% | -11.5% | ||
| Q1 24 | -127.1% | -14.6% |
| Q4 25 | 16.6% | -4.5% | ||
| Q3 25 | 39.5% | -6.4% | ||
| Q2 25 | 26.7% | -16.3% | ||
| Q1 25 | 20.0% | -10.0% | ||
| Q4 24 | 17.5% | -6.7% | ||
| Q3 24 | -6.7% | -7.2% | ||
| Q2 24 | -9.8% | -10.3% | ||
| Q1 24 | -142.5% | -13.5% |
| Q4 25 | $0.25 | — | ||
| Q3 25 | $0.50 | — | ||
| Q2 25 | $0.29 | — | ||
| Q1 25 | $0.18 | — | ||
| Q4 24 | $1.23 | — | ||
| Q3 24 | $-0.05 | — | ||
| Q2 24 | $-0.05 | — | ||
| Q1 24 | $-1.77 | — |
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 | $219.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $275.6M |
| Total Assets | $1.5B | $703.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.6M | $219.1M | ||
| Q3 25 | $140.4M | $224.5M | ||
| Q2 25 | $162.3M | $225.8M | ||
| Q1 25 | $86.4M | $231.4M | ||
| Q4 24 | $79.6M | $239.8M | ||
| Q3 24 | $126.1M | $234.0M | ||
| Q2 24 | $421.1M | $240.9M | ||
| Q1 24 | $696.1M | $253.8M |
| Q4 25 | $1.4B | $275.6M | ||
| Q3 25 | $1.3B | $272.0M | ||
| Q2 25 | $1.1B | $270.4M | ||
| Q1 25 | $1.0B | $309.9M | ||
| Q4 24 | $964.8M | $314.5M | ||
| Q3 24 | $889.6M | $315.2M | ||
| Q2 24 | $845.3M | $315.8M | ||
| Q1 24 | $808.8M | $320.4M |
| Q4 25 | $1.5B | $703.7M | ||
| Q3 25 | $1.4B | $698.9M | ||
| Q2 25 | $1.3B | $687.0M | ||
| Q1 25 | $1.1B | $690.1M | ||
| Q4 24 | $1.1B | $680.1M | ||
| Q3 24 | $983.1M | $678.2M | ||
| Q2 24 | $915.5M | $678.6M | ||
| Q1 24 | $864.9M | $692.5M |
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 | $4.4M |
| Free Cash FlowOCF − Capex | $76.6M | $-5.9M |
| FCF MarginFCF / Revenue | 28.3% | -3.0% |
| Capex IntensityCapex / Revenue | 6.9% | 5.3% |
| Cash ConversionOCF / Net Profit | 2.12× | — |
| TTM Free Cash FlowTrailing 4 quarters | $281.8M | $-24.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.3M | $4.4M | ||
| Q3 25 | $78.2M | $5.8M | ||
| Q2 25 | $135.4M | $-427.0K | ||
| Q1 25 | $10.5M | $-3.7M | ||
| Q4 24 | $39.7M | $9.1M | ||
| Q3 24 | $63.5M | $-3.6M | ||
| Q2 24 | $29.8M | $-9.1M | ||
| Q1 24 | $3.7M | $-11.7M |
| Q4 25 | $76.6M | $-5.9M | ||
| Q3 25 | $65.9M | $-1.7M | ||
| Q2 25 | $133.3M | $-7.4M | ||
| Q1 25 | $6.0M | $-9.2M | ||
| Q4 24 | $24.3M | $4.5M | ||
| Q3 24 | $46.8M | $-8.4M | ||
| Q2 24 | $28.5M | $-13.5M | ||
| Q1 24 | $228.0K | $-16.1M |
| Q4 25 | 28.3% | -3.0% | ||
| Q3 25 | 28.6% | -0.9% | ||
| Q2 25 | 69.5% | -4.5% | ||
| Q1 25 | 3.7% | -6.1% | ||
| Q4 24 | 17.2% | 3.1% | ||
| Q3 24 | 41.4% | -6.0% | ||
| Q2 24 | 37.1% | -10.2% | ||
| Q1 24 | 0.3% | -13.1% |
| Q4 25 | 6.9% | 5.3% | ||
| Q3 25 | 5.3% | 4.1% | ||
| Q2 25 | 1.1% | 4.3% | ||
| Q1 25 | 2.8% | 3.6% | ||
| Q4 24 | 10.9% | 3.1% | ||
| Q3 24 | 14.8% | 3.4% | ||
| Q2 24 | 1.7% | 3.3% | ||
| Q1 24 | 5.2% | 3.5% |
| 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.
Revenue Breakdown by Segment
ALAB
Segment breakdown not available.
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
