Astera Labs, Inc. (ALAB) vs QUALCOMM Incorporated (QCOM)

Astera Labs, Inc. and QUALCOMM Incorporated are both Semiconductors companies. QUALCOMM Incorporated is the larger, with a market value of $205.7B against $63.7B — 3.2× the size. QUALCOMM Incorporated trades at the lower P/E: 23.1× against 168×. Astera Labs, Inc. grew revenue faster over the last twelve months: 98.5% against 1.87%. Astera Labs, Inc. has the higher net margin (30.7% vs 21.0%) and the higher return on invested capital (36.2% vs 18.5%). Across the 20 metrics below, QUALCOMM Incorporated leads on 11 and Astera Labs, Inc. on 9.

Valuation

Metric ALAB QCOM Semiconductors median
P/E 168.03 23.14 49.41
P/S 52.29 4.84 8.58
P/B 36.42 7.72 5.49
Price to free cash flow 227.17 20.47 47.02
EV/EBITDA 220.18 18.67 30.78
EV/Sales 51.25 5.00 8.79
Earnings yield 0.60% 4.32% 0.62%
Free cash flow yield 0.44% 4.89% 0.59%

Profitability

Metric ALAB QCOM Semiconductors median
Gross margin 75.13% 54.23% 52.25%
Operating margin 22.75% 23.19% 4.85%
Net margin 30.74% 21.01% 4.77%
Free cash flow margin 23.02% 23.67% 8.65%
Return on equity 25.83% 33.75% 3.11%
Return on assets 23.07% 16.50% 1.91%
Return on invested capital 36.15% 18.45% 2.46%

Growth

Metric ALAB QCOM Semiconductors median
Revenue growth (TTM) 98.48% 1.87% 16.66%
EPS growth (last fiscal year) 290.62% (44.15%) —
Revenue growth, 5-year CAGR — 13.48% 5.60%
Net income growth, 5-year CAGR — 1.29% 0.00%

Health

Metric ALAB QCOM Semiconductors median
Debt to equity 0.00 0.55 0.05
Current ratio 10.05 2.02 3.35
Net debt to EBITDA (6.90) 0.17 0.58

Dividend

Metric ALAB QCOM Semiconductors median
Dividend yield — 2.25% 1.93%
Payout ratio — 0.40 0.00

Size

Metric ALAB QCOM Semiconductors median
Market cap 63.70b 205.71b 5.67b

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