Astera Labs vs Universal Display
Astera Labs reported revenue of $852 million in fiscal 2025, 1.3 times Universal Display's $651 million in fiscal 2025. Astera Labs' revenue grew 115.1% in its latest year, and Universal Display's grew 0.5%. Astera Labs had an operating margin of 20.3%, against 38.2% at Universal Display. Free cash flow was $282 million at Astera Labs and $154 million at Universal Display.
Side by side
| Astera Labs | Universal Display | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $852M | $651M |
| Revenue growth | 115.1% | 0.5% |
| Revenue growth a year, last 5 years | — | 8.7% |
| Gross margin | 75.7% | 76.3% |
| Operating margin | 20.3% | 38.2% |
| Net margin | 25.7% | 37.2% |
| Free cash flow | $282M | $154M |
| Free cash flow margin | 33.0% | 23.7% |
| Return on capital | — | 17.9% |
| Net debt to EBITDA | — | −2.0x |
| Dividends and buybacks | $0M | $118M |
| Change in diluted share count | 36.8% | 0.0% |
| Last close | $259.51 | $88.47 |
| P/E at the last close | 128.5× | 21.4× |
| Insider trades, last 12 months | sold $702.2 million | bought $1.5 million, sold $422,092 |
| Piotroski F-score | — | 3 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Astera LabsUniversal Display
Operating margin
Percent of revenue
Astera LabsUniversal Display
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Astera LabsUniversal Display
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Astera Labs and Universal Display pages.