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ALAB vs. COHR: Astera Labs vs. Coherent Stock Comparison

How do Astera Labs (ALAB) and Coherent (COHR) 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 Coherent (COHR) share the Information Technology sector but sit in different industry groups — ALAB in Semiconductors & Semiconductor Equipment and COHR in Technology Hardware & Equipment.

Coherent (COHR) carries decades of public-market history since October 2, 1987, while Astera Labs (ALAB) listed on March 20, 2024 — long-window comparisons have far more historical data on the COHR side.

Company profile comparison for Astera Labs (ALAB) and Coherent (COHR)
Profile ItemALABCOHR
NameAstera Labs, Inc.Coherent Corp.
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSemiconductors & Semiconductor EquipmentTechnology Hardware & Equipment
GICS IndustrySemiconductors & Semiconductor EquipmentElectronic Equipment, Instruments & Components
GICS Sub-IndustrySemiconductorsElectronic Components
Market Capitalization33.33 billion USD37.98 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateMarch 20, 2024October 2, 1987
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ALAB
COHR
GSPC
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Astera Labs (ALAB) vs. Coherent (COHR), 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 Coherent (COHR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Astera Labs (ALAB) and Coherent (COHR)
MetricALABCOHR
Total Return (1Y)31.42%48.11%
Total Return (3Y, Annualized)--90.06%
Total Return (5Y, Annualized)--28.94%

Risk Profile

Drawdown History

ALAB
COHR
GSPC
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Astera Labs (ALAB) vs. Coherent (COHR), 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 Coherent (COHR). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Astera Labs (ALAB) and Coherent (COHR)
MetricALABCOHR
Volatility (1Y, Annualized)101.55%91.27%
Beta (5Y)3.952.19
Max Drawdown (5Y)-63.69%-62.87%
Avg. Volume (3M)4.15M7.56M

Risk-Adjusted Performance

Risk-Return Positioning

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ALAB and COHR 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 Coherent (COHR)
MetricALABCOHR
Sharpe Ratio (1Y)0.270.48
Sortino Ratio (1Y)0.390.70

Profitability

ROE (TTM)

Astera Labs (ALAB) at 28.21% sits in the top ROE quartile, while Coherent (COHR) at 9.27% is closer to the peer norm — stronger capital efficiency for ALAB.

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%

COHR

Technology Hardware & Equipment industry group

9.27%

Max
42.47%
Q3
19.13%
Median
11.00%
COHR
9.27%
Q1
1.63%
Min
-20.62%
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Astera Labs (ALAB) vs. Coherent (COHR): A comparison of their ROE against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Net Margin (TTM)

For every dollar of sales, both Astera Labs (ALAB) at 29.64% and Coherent (COHR) at 12.18% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

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%

COHR

Technology Hardware & Equipment industry group

12.18%

Max
27.60%
COHR
12.18%
Q3
11.66%
Median
4.08%
Q1
0.00%
Min
-11.02%
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Astera Labs (ALAB) vs. Coherent (COHR): A comparison of their net margin against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Operating Margin (TTM)

Astera Labs (ALAB) at 30.61% operates in the top operating margin quartile, ahead of Coherent (COHR) at 16.30%, which runs around its industry’s norm.

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%

COHR

Technology Hardware & Equipment industry group

16.30%

Max
36.27%
Q3
18.36%
COHR
16.30%
Median
8.84%
Q1
1.46%
Min
-21.39%
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Astera Labs (ALAB) vs. Coherent (COHR): 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 Coherent (COHR)
MetricALABCOHR
ROE (TTM)28.21%9.27%
ROA (TTM)13.41%3.99%
Net Margin (TTM)29.64%12.18%
Operating Margin (TTM)30.61%16.30%
Gross Margin (TTM)73.89%38.16%

Growth

Revenue Growth

Astera Labs (ALAB) at 115.13% clears its industry range for revenue growth, far stronger top-line momentum than Coherent (COHR) at 22.51%, which is closer to a typical peer reading.

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Astera Labs (ALAB) vs. Coherent (COHR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Neither Astera Labs (ALAB) nor Coherent (COHR) reports a EPS growth value for this period, so a direct comparison isn't possible.

Growth Metrics

Growth metrics for Astera Labs (ALAB) and Coherent (COHR)
MetricALABCOHR
Revenue Growth (YoY)115.13%22.51%
Revenue Growth (3Y CAGR)120.18%11.32%
EPS Growth (YoY)----
EPS Growth (3Y CAGR)----

Financial Strength

Current Ratio (MRQ)

Coherent (COHR) at 2.29 keeps current ratio within its industry’s typical mid-range, while Astera Labs (ALAB) at 8.03 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

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

COHR

Technology Hardware & Equipment industry group

2.29

Max
5.34
Q3
3.02
COHR
2.29
Median
1.95
Q1
1.32
Min
0.17
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Astera Labs (ALAB) vs. Coherent (COHR): A comparison of their current ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Debt / Equity (MRQ)

Astera Labs (ALAB) at 0.02 keeps leverage in the lower industry quartile, while Coherent (COHR) at 0.37 runs a more typical debt-to-equity mix.

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

COHR

Technology Hardware & Equipment industry group

0.37

Max
1.76
Q3
0.78
COHR
0.37
Median
0.24
Q1
0.04
Min
0.01
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Astera Labs (ALAB) vs. Coherent (COHR): A comparison of their debt-to-equity ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Financial Strength Metrics

Financial strength metrics for Astera Labs (ALAB) and Coherent (COHR)
MetricALABCOHR
Current Ratio (MRQ)8.032.29
Debt / Equity (MRQ)0.020.37
Net Debt / EBITDA-3.231.56

Dividends

Dividend Yield (TTM)

Neither Astera Labs (ALAB) nor Coherent (COHR) 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%

COHR

Technology Hardware & Equipment industry group

0.00%

Max
0.73%
Q3
0.31%
COHR
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Astera Labs (ALAB) vs. Coherent (COHR): 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 Coherent (COHR) 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%

COHR

Technology Hardware & Equipment industry group

0.00%

Max
32.27%
Q3
14.48%
COHR
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Astera Labs (ALAB) vs. Coherent (COHR): 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 Coherent (COHR)
MetricALABCOHR
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

Coherent (COHR) at 39.92 is near its industry’s usual P/E ratio, while Astera Labs (ALAB) at 75.38 sits in the richer quartile — ALAB needs stronger growth or earnings quality to justify the premium.

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

COHR

Technology Hardware & Equipment industry group

39.92

Max
69.48
Q3
41.02
COHR
39.92
Median
26.39
Q1
19.36
Min
6.07
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Astera Labs (ALAB) vs. Coherent (COHR): A comparison of their P/E ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

P/S Ratio (TTM)

Coherent (COHR) at 4.80 is priced about in line with its industry on P/S ratio, while Astera Labs (ALAB) at 21.42 sits in the pricier quartile — ALAB costs more per dollar of sales.

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

COHR

Technology Hardware & Equipment industry group

4.80

Max
11.30
Q3
5.82
COHR
4.80
Median
2.56
Q1
1.05
Min
0.00
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Astera Labs (ALAB) vs. Coherent (COHR): A comparison of their P/S ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

P/B Ratio (MRQ)

Coherent (COHR) at 3.35 sits near its industry’s typical P/B ratio, while Astera Labs (ALAB) at 16.67 prices above its benchmark range — ALAB looks rich relative to book.

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

COHR

Technology Hardware & Equipment industry group

3.35

Max
10.75
Q3
5.52
COHR
3.35
Median
3.17
Q1
1.79
Min
0.33
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Astera Labs (ALAB) vs. Coherent (COHR): 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 Coherent (COHR)
MetricALABCOHR
P/E Ratio (TTM)75.3839.92
P/S Ratio (TTM)21.424.80
P/B Ratio (MRQ)16.673.35
Free Cash Flow Yield (TTM)0.39%-4.44%