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Astera Labs, Inc. ALAB Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin76%+0.3pp75.7%+0.3pp75.4%-0.1pp75.5%-0.2pp75.8%-0.6pp
Operating margin22.4%+2.0pp20.3%+5.6pp14.7%+7.8pp7%+11.4pp-4.5%+24.8pp
Net margin26.7%+1.0pp25.7%
EBITDA margin23.3%+2.2pp21.1%+5.7pp15.4%+7.7pp7.7%+11.4pp-3.7%+24.8pp
Free cash flow margin34.2%+1.2pp33.1%+1.3pp31.7%-3.0pp34.7%+12.7pp22.1%-3.8pp
Returns
Return on equity21.1%+2.3pp18.8%
Return on assets19.2%+2.3pp16.9%
Efficiency
Asset turnover0.7×+0.1×0.7×+0.1×0.6×+0.1×0.6×+0.1×0.5×-0.1×
Inventory turnover4.3×+0.3×4.1×-0.6×4.7×+1.3×3.4×+0.5×2.9×+0.2×
Liquidity
Current ratio11.3×+1.1×10.2×-2.5×12.8×+1.7×11.1×-2.8×13.9×+2.2×
Quick ratio10.8×+1.0×9.8×-2.5×12.3×+1.7×10.5×-2.7×13.3×+2.1×
Cash ratio1.2×-0.1×1.3×-0.1×1.4×-0.1×1.5×+0.4×1.1×+0.2×
Leverage
Debt-to-equity0.0×0.0×0.0×
Debt-to-assets0.0×0.0×0.0×
Net debt / EBITDA-0.5×+0.3×-0.8×+0.2×-1×+1.8×-2.8×
Per Share
Book value per share$8.25+8.6%$7.59+7.9%$7.04+10.4%$6.38+9.0%$5.85-20.4%
Valuation
Market capitalization$18.66B-33.6%$28.1B-13.7%$32.55B+126%$14.39B+48.7%$9.68B-53.9%
Enterprise value$18.55B-33.7%$27.96B-13.8%$32.44B+127%$14.26B
Price / earnings69.7×-58.5×128.2×
Price / sales18.6×-14.3×33×-12.1×45×+21.2×23.8×+4.0×19.7×-33.3×
Price / book12.5×-8.1×20.6×-5.0×25.6×+12.9×12.7×+3.4×9.3×-12.5×
EV / EBITDA79.5×-75.6×155.1×-136×291×-15.9×306.9×
EV / sales18.5×-14.3×32.8×-12.1×44.9×+21.3×23.5×
Free cash flow yield1.8%+0.8pp1%+0.3pp0.7%-0.8pp1.5%+0.3pp1.1%+0.6pp
Earnings yield1.4%+0.7pp0.8%

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Questions, answered.

What are Astera Labs, Inc.'s profit margins?
Astera Labs, Inc. (ALAB) runs a 76.0% gross margin and a 22.4% operating margin, with a 26.7% net margin.
Where do Astera Labs, Inc.'s ratios come from?
Every ratio is computed from Astera Labs, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.