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Astera Labs, Inc. ALAB Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin76%+0.2pp75.7%-0.7pp75.4%-2.2pp75.5%-1.8pp75.8%-1.4pp
Operating margin22.4%+26.8pp20.3%+49.7pp14.7%7%-4.5%
Net margin26.7%25.7%
EBITDA margin23.3%+27.1pp21.1%+49.7pp15.4%7.7%-3.7%
Free cash flow margin34.2%+12.2pp33.1%+7.2pp31.7%34.7%22.1%
Returns
Return on equity21.1%18.8%
Return on assets19.2%16.9%
Efficiency
Asset turnover0.7×+0.2×0.7×0.0×0.6×0.6×0.5×
Inventory turnover4.3×+1.4×4.1×+1.3×4.7×-0.8×3.4×2.9×
Liquidity
Current ratio11.3×-2.6×10.2×-1.5×12.8×+2.0×11.1×-2.8×13.9×-4.8×
Quick ratio10.8×-2.4×9.8×-1.4×12.3×+1.8×10.5×-2.9×13.3×-4.8×
Cash ratio1.2×+0.1×1.3×+0.3×1.4×0.0×1.5×-5.0×1.1×-14.1×
Leverage
Debt-to-equity0.0×0.0×
Debt-to-assets0.0×0.0×
Net debt / EBITDA-0.5×-0.8×-1×-2.8×
Per Share
Book value per share$8.25+41.0%$7.59+3.3%$7.04+24.1%$6.38+17.1%$5.85-62.0%
Valuation
Market capitalization$18.66B+92.8%$28.1B+33.8%$32.55B+297%$14.39B+53.0%$9.68B-14.5%
Enterprise value$18.55B$27.96B+33.6%$32.44B$14.26B+58.6%
Price / earnings69.7×128.2×
Price / sales18.6×-1.1×33×-20.1×45×+18.2×23.8×-17.2×19.7×-49.5×
Price / book12.5×+3.2×20.6×-1.2×25.6×+16.4×12.7×+1.5×9.3×-4.7×
EV / EBITDA79.5×155.1×291×306.9×
EV / sales18.5×32.8×-20.0×44.9×23.5×-15.6×
Free cash flow yield1.8%+0.7pp1%+0.5pp0.7%1.5%1.1%
Earnings yield1.4%0.8%

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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.