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ALAB vs. LITE: Astera Labs vs. Lumentum Stock Comparison

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

Lumentum (LITE) has been public since July 23, 2015, 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 Lumentum (LITE)
Profile ItemALABLITE
NameAstera Labs, Inc.Lumentum Holdings Inc.
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSemiconductors & Semiconductor EquipmentTechnology Hardware & Equipment
GICS IndustrySemiconductors & Semiconductor EquipmentCommunications Equipment
GICS Sub-IndustrySemiconductorsCommunications Equipment
Market Capitalization33.33 billion USD48.84 billion USD
CurrencyUSDUSD
ExchangeNasdaqNasdaq
Listing DateMarch 20, 2024July 23, 2015
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ALAB
LITE
GSPC
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Astera Labs (ALAB) vs. Lumentum (LITE), 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 Lumentum (LITE). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Astera Labs (ALAB) and Lumentum (LITE)
MetricALABLITE
Total Return (1Y)31.42%150.31%
Total Return (3Y, Annualized)--147.76%
Total Return (5Y, Annualized)--45.47%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Astera Labs (ALAB) and Lumentum (LITE)
MetricALABLITE
Volatility (1Y, Annualized)101.55%101.27%
Beta (5Y)3.951.73
Max Drawdown (5Y)-63.69%-66.48%
Avg. Volume (3M)4.15M5.27M

Risk-Adjusted Performance

Risk-Return Positioning

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ALAB and LITE 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 Lumentum (LITE)
MetricALABLITE
Sharpe Ratio (1Y)0.271.44
Sortino Ratio (1Y)0.392.14

Profitability

ROE (TTM)

Lumentum (LITE) reports a negative ROE of -245.79%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Astera Labs (ALAB) reports 28.21%, ranking against industry peers normally.

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%

LITE

Technology Hardware & Equipment industry group

-245.79%

Max
42.47%
Q3
19.13%
Median
11.00%
Q1
1.63%
Min
-20.62%
LITE
-245.79%
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Astera Labs (ALAB) vs. Lumentum (LITE): A comparison of their ROE against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Net Margin (TTM)

Lumentum (LITE) reports a negative net margin of -175.78%, usually indicating a net loss over the period. Meanwhile Astera Labs (ALAB) reports 29.64%, ranking against industry peers normally.

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%

LITE

Technology Hardware & Equipment industry group

-175.78%

Max
27.60%
Q3
11.66%
Median
4.08%
Q1
0.00%
Min
-11.02%
LITE
-175.78%
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Astera Labs (ALAB) vs. Lumentum (LITE): A comparison of their net margin against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Operating Margin (TTM)

Both Astera Labs (ALAB) at 30.61% and Lumentum (LITE) at 27.95% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

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%

LITE

Technology Hardware & Equipment industry group

27.95%

Max
36.27%
LITE
27.95%
Q3
18.36%
Median
8.84%
Q1
1.46%
Min
-21.39%
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Astera Labs (ALAB) vs. Lumentum (LITE): 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 Lumentum (LITE)
MetricALABLITE
ROE (TTM)28.21%-245.79%
ROA (TTM)13.41%9.19%
Net Margin (TTM)29.64%-175.78%
Operating Margin (TTM)30.61%27.95%
Gross Margin (TTM)73.89%47.98%

Growth

Revenue Growth

Both Astera Labs (ALAB) at 115.13% and Lumentum (LITE) at 83.22% are expanding revenue faster than their entire industry benchmark ranges for revenue growth — exceptional top-line momentum on both sides, though growth that far above the peer range is worth checking for one-off boosts such as acquisitions.

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

EPS Growth

Only one side can be read here: Lumentum (LITE) reports EPS growth of -25,224.32%, ranked against its industry; Astera Labs (ALAB) has no EPS growth figure this period.

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Astera Labs (ALAB) vs. Lumentum (LITE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Astera Labs (ALAB) and Lumentum (LITE)
MetricALABLITE
Revenue Growth (YoY)115.13%83.22%
Revenue Growth (3Y CAGR)120.18%19.48%
EPS Growth (YoY)---25,224.32%
EPS Growth (3Y CAGR)----

Financial Strength

Current Ratio (MRQ)

Lumentum (LITE) at 1.61 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

LITE

Technology Hardware & Equipment industry group

1.61

Max
5.34
Q3
3.02
Median
1.95
LITE
1.61
Q1
1.32
Min
0.17
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Astera Labs (ALAB) vs. Lumentum (LITE): 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 Lumentum (LITE) at 0.31 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

LITE

Technology Hardware & Equipment industry group

0.31

Max
1.76
Q3
0.78
LITE
0.31
Median
0.24
Q1
0.04
Min
0.01
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Astera Labs (ALAB) vs. Lumentum (LITE): 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 Lumentum (LITE)
MetricALABLITE
Current Ratio (MRQ)8.031.61
Debt / Equity (MRQ)0.020.31
Net Debt / EBITDA-3.23-0.48

Dividends

Dividend Yield (TTM)

Neither Astera Labs (ALAB) nor Lumentum (LITE) 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%

LITE

Technology Hardware & Equipment industry group

0.00%

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

LITE

Technology Hardware & Equipment industry group

0.00%

Max
32.27%
Q3
14.48%
LITE
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Astera Labs (ALAB) vs. Lumentum (LITE): 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 Lumentum (LITE)
MetricALABLITE
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Astera Labs (ALAB) trades at 75.38 times trailing earnings, ranked against its peers, while Lumentum (LITE) has no P/E ratio this period.

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

LITE

Technology Hardware & Equipment industry group

--

Max
69.48
Q3
41.02
Median
26.39
Q1
19.36
Min
6.07
LITE
--
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Astera Labs (ALAB) vs. Lumentum (LITE): LITE does not report P/E ratio, so it has no value marker; ALAB is benchmarked against the Semiconductors & Semiconductor Equipment industry group.

P/S Ratio (TTM)

Both look expensive on sales: Astera Labs (ALAB) at 21.42 sits in the upper P/S ratio quartile, and Lumentum (LITE) at 13.05 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

LITE

Technology Hardware & Equipment industry group

13.05

LITE
13.05
Max
11.30
Q3
5.82
Median
2.56
Q1
1.05
Min
0.00
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Astera Labs (ALAB) vs. Lumentum (LITE): A comparison of their P/S ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

P/B Ratio (MRQ)

Both look rich against book: Lumentum (LITE) at 10.67 sits in the upper P/B ratio quartile, and Astera Labs (ALAB) at 16.67 prices even higher, above its industry 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

LITE

Technology Hardware & Equipment industry group

10.67

Max
10.75
LITE
10.67
Q3
5.52
Median
3.17
Q1
1.79
Min
0.33
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Astera Labs (ALAB) vs. Lumentum (LITE): 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 Lumentum (LITE)
MetricALABLITE
P/E Ratio (TTM)75.38--
P/S Ratio (TTM)21.4213.05
P/B Ratio (MRQ)16.6710.67
Free Cash Flow Yield (TTM)0.39%0.29%