Astera Labs, Inc. (ALAB) vs ON Semiconductor Corporation (ON)

Astera Labs, Inc. and ON Semiconductor Corporation are both Semiconductors companies. Astera Labs, Inc. is the larger, with a market value of $59.4B against $30.2B — 2.0× the size. ON Semiconductor Corporation trades at the lower P/E: 48.1× against 149×. Astera Labs, Inc. grew revenue faster over the last twelve months: 98.5% against −3.14%. Astera Labs, Inc. has the higher net margin (30.7% vs 10.2%) and the higher return on invested capital (36.2% vs 5.33%). Across the 20 metrics below, Astera Labs, Inc. leads on 11 and ON Semiconductor Corporation on 9.

Valuation

Metric ALAB ON Semiconductors median
P/E 149.36 48.10 48.20
P/S 46.48 4.79 8.22
P/B 32.37 4.10 5.00
Price to free cash flow 201.93 19.33 51.38
EV/EBITDA 195.22 20.58 30.79
EV/Sales 45.44 4.89 8.57
Earnings yield 0.67% 2.08% 0.65%
Free cash flow yield 0.50% 5.17% 0.59%

Profitability

Metric ALAB ON Semiconductors median
Gross margin 75.13% 37.72% 52.28%
Operating margin 22.75% 10.81% 4.76%
Net margin 30.74% 10.17% 4.26%
Free cash flow margin 23.02% 24.76% 8.47%
Return on equity 25.83% 8.29% 2.59%
Return on assets 23.07% 4.74% 1.78%
Return on invested capital 36.15% 5.33% 2.27%

Growth

Metric ALAB ON Semiconductors median
Revenue growth (TTM) 98.48% (3.14%) 16.92%
EPS growth (last fiscal year) 290.62% (92.01%) 27.17%
Revenue growth, 5-year CAGR — 2.67% 5.83%
Net income growth, 5-year CAGR — (12.37%) 0.00%

Health

Metric ALAB ON Semiconductors median
Debt to equity 0.00 0.62 0.05
Current ratio 10.05 3.46 3.28
Net debt to EBITDA (6.90) 0.58 0.58

Dividend

Metric ALAB ON Semiconductors median
Dividend yield — — 1.07%
Payout ratio — — 0.40

Size

Metric ALAB ON Semiconductors median
Market cap 59.37b 30.18b 5.36b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack