Astera Labs vs Array Technologies
Array Technologies is the larger business, with $1.28bn of revenue in fiscal 2025 against $853m for Astera Labs (1.5 times as much). Astera Labs grew faster (115.1% against 40.2%). Astera Labs kept more of each dollar of sales as profit: a net margin of 25.7% against -4.1%.
| Latest fiscal year | Astera LabsALAB, 2025 | Array TechnologiesARRY, 2025 |
|---|---|---|
| Revenue | $853m | $1.28bn |
| Revenue growth | 115.1% | 40.2% |
| Net income | $219m | −$52.2m |
| Operating margin | 20.3% | -2.3% |
| Net margin | 25.7% | -4.1% |
| Return on equity | 18.8% | — |
| Free cash flow | $282m | $79.8m |
| Cash | $168m | $244m |
| Total debt | $0 | $683m |
| Debt to equity | 0.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $0 | — |
| Employees | 756 | 1,200 |
| Market value | $40.70bn | $726m |
| Price vs our value range | Above our value range | Below our value range |
| Moat score | — | 26 (Weak) |
| Insider trades, 12 months | 0 buys, 504 sales | 0 buys, 0 sales |