Analog Devices, Inc. (ADI) vs Astera Labs, Inc. (ALAB)

Analog Devices, Inc. and Astera Labs, Inc. are both Semiconductors companies. Analog Devices, Inc. is the larger, with a market value of $186.8B against $63.7B — 2.9× the size. Analog Devices, Inc. trades at the lower P/E: 46.5× against 168×. Astera Labs, Inc. grew revenue faster over the last twelve months: 98.5% against 33.7%. Astera Labs, Inc. has the higher net margin (30.7% vs 29.8%) and the higher return on invested capital (36.2% vs 7.84%). Across the 20 metrics below, Analog Devices, Inc. leads on 10 and Astera Labs, Inc. on 10.

Valuation

Metric ADI ALAB Semiconductors median
P/E 46.47 168.03 49.41
P/S 13.78 52.29 8.58
P/B 5.70 36.42 5.49
Price to free cash flow 38.74 227.17 47.02
EV/EBITDA 28.54 220.18 30.78
EV/Sales 14.20 51.25 8.79
Earnings yield 2.15% 0.60% 0.62%
Free cash flow yield 2.58% 0.44% 0.59%

Profitability

Metric ADI ALAB Semiconductors median
Gross margin 65.80% 75.13% 52.25%
Operating margin 35.55% 22.75% 4.85%
Net margin 29.79% 30.74% 4.77%
Free cash flow margin 35.57% 23.02% 8.65%
Return on equity 12.23% 25.83% 3.11%
Return on assets 8.56% 23.07% 1.91%
Return on invested capital 7.84% 36.15% 2.46%

Growth

Metric ADI ALAB Semiconductors median
Revenue growth (TTM) 33.65% 98.48% 16.66%
EPS growth (last fiscal year) 39.02% 290.62% —
Revenue growth, 5-year CAGR 14.49% — 5.60%
Net income growth, 5-year CAGR 13.18% — 0.00%

Health

Metric ADI ALAB Semiconductors median
Debt to equity 0.24 0.00 0.05
Current ratio 1.25 10.05 3.35
Net debt to EBITDA 0.91 (6.90) 0.58

Dividend

Metric ADI ALAB Semiconductors median
Dividend yield 1.93% — 1.93%
Payout ratio 0.44 — 0.00

Size

Metric ADI ALAB Semiconductors median
Market cap 186.76b 63.70b 5.67b

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