Astera Labs, Inc. (ALAB) vs Monolithic Power Systems, Inc. (MPWR)

Astera Labs, Inc. and Monolithic Power Systems, Inc. are both Semiconductors companies. Astera Labs, Inc. and Monolithic Power Systems, Inc. are of similar size ($66.6B and $63.7B). Monolithic Power Systems, Inc. trades at the lower P/E: 83.3× against 168×. Astera Labs, Inc. grew revenue faster over the last twelve months: 98.5% against 28.7%. Astera Labs, Inc. has the higher net margin (30.7% vs 24.5%) and the higher return on invested capital (36.2% vs 23.7%). Across the 19 metrics below, Astera Labs, Inc. leads on 10 and Monolithic Power Systems, Inc. on 9.

Valuation

Metric ALAB MPWR Semiconductors median
P/E 168.03 83.33 49.41
P/S 52.29 20.53 8.58
P/B 36.42 17.25 5.49
Price to free cash flow 227.17 174.99 47.02
EV/EBITDA 220.18 65.87 30.78
EV/Sales 51.25 20.10 8.79
Earnings yield 0.60% 1.20% 0.62%
Free cash flow yield 0.44% 0.57% 0.59%

Profitability

Metric ALAB MPWR Semiconductors median
Gross margin 75.13% 55.20% 52.25%
Operating margin 22.75% 28.72% 4.85%
Net margin 30.74% 24.50% 4.77%
Free cash flow margin 23.02% 11.88% 8.65%
Return on equity 25.83% 21.98% 3.11%
Return on assets 23.07% 18.52% 1.91%
Return on invested capital 36.15% 23.68% 2.46%

Growth

Metric ALAB MPWR Semiconductors median
Revenue growth (TTM) 98.48% 28.67% 16.66%
EPS growth (last fiscal year) 290.62% (65.15%) —
Revenue growth, 5-year CAGR — 27.00% 5.60%
Net income growth, 5-year CAGR — 30.47% 0.00%

Health

Metric ALAB MPWR Semiconductors median
Debt to equity 0.00 0.00 0.05
Current ratio 10.05 4.98 3.35
Net debt to EBITDA (6.90) (1.62) 0.58

Dividend

Metric ALAB MPWR Semiconductors median
Dividend yield — 0.68% 1.93%
Payout ratio — 0.38 0.00

Size

Metric ALAB MPWR Semiconductors median
Market cap 63.70b 66.58b 5.67b

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