ALAB vs. ANET: Astera Labs vs. Arista Networks Stock Comparison

November 11, 2026

How do Astera Labs (ALAB) and Arista Networks (ANET) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Astera Labs (ALAB) and Arista Networks (ANET) share the Information Technology sector but sit in different industry groups — ALAB in Semiconductors & Semiconductor Equipment and ANET in Technology Hardware & Equipment.

Arista Networks (ANET) has been public since June 6, 2014, giving it a longer listed trading history, while Astera Labs (ALAB) listed on March 20, 2024 and still has a shorter public-market record.

Company profile comparison for Astera Labs (ALAB) and Arista Networks (ANET)
Profile Item	ALAB	ANET
Name	Astera Labs, Inc.	Arista Networks Inc.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment	Technology Hardware & Equipment
GICS Industry	Semiconductors & Semiconductor Equipment	Communications Equipment
GICS Sub-Industry	Semiconductors	Communications Equipment
Market Capitalization	33.33 billion USD	215.79 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	March 20, 2024	June 6, 2014
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ALAB

ANET

GSPC

Astera Labs (ALAB) vs. Arista Networks (ANET), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Astera Labs (ALAB) and Arista Networks (ANET). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Astera Labs (ALAB) and Arista Networks (ANET). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Astera Labs (ALAB) and Arista Networks (ANET)
Metric	ALAB	ANET
Total Return (1Y)	31.42%	38.40%
Total Return (3Y, Annualized)	--	52.15%
Total Return (5Y, Annualized)	--	41.19%

Risk Profile

Drawdown History

ALAB

ANET

GSPC

Astera Labs (ALAB) vs. Arista Networks (ANET), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Astera Labs (ALAB) and Arista Networks (ANET). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Astera Labs (ALAB) and Arista Networks (ANET)
Metric	ALAB	ANET
Volatility (1Y, Annualized)	101.55%	56.66%
Beta (5Y)	3.95	1.60
Max Drawdown (5Y)	-63.69%	-50.42%
Avg. Volume (3M)	4.15M	6.09M

Risk-Adjusted Performance

Risk-Return Positioning

ALAB and ANET are plotted by 1-year volatility (risk) and 1-year return. Each dashed Capital Allocation Line uses that stock's own industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Astera Labs (ALAB) and Arista Networks (ANET)
Metric	ALAB	ANET
Sharpe Ratio (1Y)	0.27	0.60
Sortino Ratio (1Y)	0.39	0.87

Profitability

ROE (TTM)

Both Astera Labs (ALAB) at 28.21% and Arista Networks (ANET) at 33.52% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

ALAB

Semiconductors & Semiconductor Equipment industry group

28.21%

Max: 52.82%
ALAB: 28.21%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

ANET

Technology Hardware & Equipment industry group

33.52%

Max: 42.47%
ANET: 33.52%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%

Astera Labs (ALAB) vs. Arista Networks (ANET): A comparison of their ROE against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Net Margin (TTM)

Arista Networks (ANET) at 39.97% keeps the most of each sales dollar — above its industry’s net margin range — and Astera Labs (ALAB) at 29.64% also retains a top-quartile share.

ALAB

Semiconductors & Semiconductor Equipment industry group

29.64%

Max: 63.80%
ALAB: 29.64%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

ANET

Technology Hardware & Equipment industry group

39.97%

ANET: 39.97%
Max: 27.60%
Q3: 11.66%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

Astera Labs (ALAB) vs. Arista Networks (ANET): A comparison of their net margin against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Operating Margin (TTM)

Arista Networks (ANET) at 44.90% shows unusually strong operating efficiency — above its industry’s operating margin range — and Astera Labs (ALAB) at 30.61% also operates in the top quartile.

ALAB

Semiconductors & Semiconductor Equipment industry group

30.61%

Max: 58.66%
ALAB: 30.61%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

ANET

Technology Hardware & Equipment industry group

44.90%

ANET: 44.90%
Max: 36.27%
Q3: 18.36%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

Astera Labs (ALAB) vs. Arista Networks (ANET): A comparison of their operating margin against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Profitability Metrics

Profitability metrics for Astera Labs (ALAB) and Arista Networks (ANET)
Metric	ALAB	ANET
ROE (TTM)	28.21%	33.52%
ROA (TTM)	13.41%	15.04%
Net Margin (TTM)	29.64%	39.97%
Operating Margin (TTM)	30.61%	44.90%
Gross Margin (TTM)	73.89%	62.88%

Growth

Revenue Growth

Both companies are growing quickly, but Astera Labs (ALAB) at 115.13% is the standout with revenue growth above its industry range; Arista Networks (ANET) at 28.60% also sits in the top quartile.

Astera Labs (ALAB) vs. Arista Networks (ANET): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Arista Networks (ANET) reports EPS growth of 23.32%, ranked against its industry; Astera Labs (ALAB) has no EPS growth figure this period.

Astera Labs (ALAB) vs. Arista Networks (ANET): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Astera Labs (ALAB) and Arista Networks (ANET)
Metric	ALAB	ANET
Revenue Growth (YoY)	115.13%	28.60%
Revenue Growth (3Y CAGR)	120.18%	27.15%
EPS Growth (YoY)	--	23.32%
EPS Growth (3Y CAGR)	--	37.08%

Financial Strength

Current Ratio (MRQ)

Both Astera Labs (ALAB) at 8.03 and Arista Networks (ANET) at 3.29 post current ratio above their industries’ typical mid-ranges — short-term liquidity appears comfortable, though unusually high readings can point to idle current assets.

ALAB

Semiconductors & Semiconductor Equipment industry group

8.03

Max: 10.33
ALAB: 8.03
Q3: 5.62
Median: 3.33
Q1: 2.35
Min: 1.03

ANET

Technology Hardware & Equipment industry group

3.29

Max: 5.34
ANET: 3.29
Q3: 3.02
Median: 1.95
Q1: 1.32
Min: 0.17

Astera Labs (ALAB) vs. Arista Networks (ANET): A comparison of their current ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Astera Labs (ALAB) carries debt-to-equity ratio of 0.02 against its industry range, while Arista Networks (ANET) reports no figure this period.

ALAB

Semiconductors & Semiconductor Equipment industry group

0.02

Max: 1.46
Q3: 0.65
Median: 0.27
Q1: 0.04
ALAB: 0.02
Min: 0.00

ANET

Technology Hardware & Equipment industry group

Max: 1.76
Q3: 0.78
Median: 0.24
Q1: 0.04
Min: 0.01
ANET: --

Astera Labs (ALAB) vs. Arista Networks (ANET): ANET does not report debt-to-equity ratio, so it has no value marker; ALAB is benchmarked against the Semiconductors & Semiconductor Equipment industry group.

Financial Strength Metrics

Financial strength metrics for Astera Labs (ALAB) and Arista Networks (ANET)
Metric	ALAB	ANET
Current Ratio (MRQ)	8.03	3.29
Debt / Equity (MRQ)	0.02	--
Net Debt / EBITDA	-3.23	-2.71

Dividends

Dividend Yield (TTM)

Neither Astera Labs (ALAB) nor Arista Networks (ANET) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

ALAB

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 1.37%
Q3: 0.65%
ALAB: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ANET

Technology Hardware & Equipment industry group

0.00%

Max: 0.73%
Q3: 0.31%
ANET: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Astera Labs (ALAB) vs. Arista Networks (ANET): A comparison of their dividend yield against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Dividend Payout Ratio (TTM)

Neither Astera Labs (ALAB) nor Arista Networks (ANET) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

ALAB

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 49.64%
Q3: 21.71%
ALAB: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ANET

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
ANET: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Astera Labs (ALAB) vs. Arista Networks (ANET): A comparison of their payout ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Dividend Metrics

Dividend metrics for Astera Labs (ALAB) and Arista Networks (ANET)
Metric	ALAB	ANET
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

Both Astera Labs (ALAB) at 75.38 and Arista Networks (ANET) at 45.79 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

ALAB

Semiconductors & Semiconductor Equipment industry group

75.38

Max: 110.34
ALAB: 75.38
Q3: 66.81
Median: 37.02
Q1: 23.96
Min: 8.12

ANET

Technology Hardware & Equipment industry group

45.79

Max: 69.48
ANET: 45.79
Q3: 41.02
Median: 26.39
Q1: 19.36
Min: 6.07

Astera Labs (ALAB) vs. Arista Networks (ANET): A comparison of their P/E ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

P/S Ratio (TTM)

Both look expensive on sales: Astera Labs (ALAB) at 21.42 sits in the upper P/S ratio quartile, and Arista Networks (ANET) at 18.15 prices even higher, above its industry range.

ALAB

Semiconductors & Semiconductor Equipment industry group

21.42

ALAB: 21.42
Max: 21.42
Q3: 12.27
Median: 5.76
Q1: 2.73
Min: 0.00

ANET

Technology Hardware & Equipment industry group

18.15

ANET: 18.15
Max: 11.30
Q3: 5.82
Median: 2.56
Q1: 1.05
Min: 0.00

Astera Labs (ALAB) vs. Arista Networks (ANET): A comparison of their P/S ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

P/B Ratio (MRQ)

Measured against book value, both Astera Labs (ALAB) at 16.67 and Arista Networks (ANET) at 13.12 look expensive — each P/B ratio sits above its industry’s benchmark range.

ALAB

Semiconductors & Semiconductor Equipment industry group

16.67

ALAB: 16.67
Max: 14.06
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

ANET

Technology Hardware & Equipment industry group

13.12

ANET: 13.12
Max: 10.75
Q3: 5.52
Median: 3.17
Q1: 1.79
Min: 0.33

Astera Labs (ALAB) vs. Arista Networks (ANET): A comparison of their P/B ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Valuation Metrics

Valuation metrics for Astera Labs (ALAB) and Arista Networks (ANET)
Metric	ALAB	ANET
P/E Ratio (TTM)	75.38	45.79
P/S Ratio (TTM)	21.42	18.15
P/B Ratio (MRQ)	16.67	13.12
Free Cash Flow Yield (TTM)	0.39%	1.39%