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ALAB vs. MTSI: Astera Labs vs. MACOM Stock Comparison

How do Astera Labs (ALAB) and MACOM (MTSI) 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 MACOM (MTSI) are both classified in the Semiconductors sub-industry within the broader Semiconductors & Semiconductor Equipment industry, placing them in the closest GICS peer bucket.

MACOM (MTSI) has been public since March 15, 2012, 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 MACOM (MTSI)
Profile ItemALABMTSI
NameAstera Labs, Inc.MACOM Technology Solutions Holdings, Inc.
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSemiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment
GICS Sub-IndustrySemiconductorsSemiconductors
Market Capitalization33.33 billion USD16.11 billion USD
CurrencyUSDUSD
ExchangeNasdaqNasdaq
Listing DateMarch 20, 2024March 15, 2012
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ALAB
MTSI
GSPC
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Astera Labs (ALAB) vs. MACOM (MTSI), 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 MACOM (MTSI). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Astera Labs (ALAB) and MACOM (MTSI)
MetricALABMTSI
Total Return (1Y)31.42%33.29%
Total Return (3Y, Annualized)--46.28%
Total Return (5Y, Annualized)--25.03%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Astera Labs (ALAB) and MACOM (MTSI)
MetricALABMTSI
Volatility (1Y, Annualized)101.55%68.69%
Beta (5Y)3.951.83
Max Drawdown (5Y)-63.69%-53.54%
Avg. Volume (3M)4.15M1.51M

Risk-Adjusted Performance

Risk-Return Positioning

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ALAB and MTSI are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Astera Labs (ALAB) and MACOM (MTSI)
MetricALABMTSI
Sharpe Ratio (1Y)0.270.42
Sortino Ratio (1Y)0.390.58

Profitability

ROE (TTM)

Astera Labs (ALAB) at 28.21% sits in the top ROE quartile, while MACOM (MTSI) at 22.17% 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%

MTSI

Semiconductors & Semiconductor Equipment industry group

22.17%

Max
52.82%
Q3
22.26%
MTSI
22.17%
Median
10.58%
Q1
1.29%
Min
-16.89%
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Astera Labs (ALAB) vs. MACOM (MTSI): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

Astera Labs (ALAB) at 29.64% retains a top-quartile share of revenue as profit, ahead of MACOM (MTSI) at 25.25%, which keeps about the industry-typical 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%

MTSI

Semiconductors & Semiconductor Equipment industry group

25.25%

Max
63.80%
Q3
28.36%
MTSI
25.25%
Median
11.44%
Q1
0.90%
Min
-37.77%
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Astera Labs (ALAB) vs. MACOM (MTSI): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Both Astera Labs (ALAB) at 30.61% and MACOM (MTSI) at 31.66% 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%

MTSI

Semiconductors & Semiconductor Equipment industry group

31.66%

Max
58.66%
MTSI
31.66%
Q3
30.23%
Median
15.91%
Q1
7.54%
Min
-25.74%
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Astera Labs (ALAB) vs. MACOM (MTSI): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Astera Labs (ALAB) and MACOM (MTSI)
MetricALABMTSI
ROE (TTM)28.21%22.17%
ROA (TTM)13.41%8.66%
Net Margin (TTM)29.64%25.25%
Operating Margin (TTM)30.61%31.66%
Gross Margin (TTM)73.89%58.11%

Growth

Revenue Growth

Only one side can be read here: Astera Labs (ALAB) reports revenue growth of 115.13%, ranked against its industry; MACOM (MTSI) has no revenue growth figure this period.

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

EPS Growth

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

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

Growth Metrics

Growth metrics for Astera Labs (ALAB) and MACOM (MTSI)
MetricALABMTSI
Revenue Growth (YoY)115.13%--
Revenue Growth (3Y CAGR)120.18%--
EPS Growth (YoY)----
EPS Growth (3Y CAGR)--49.88%

Financial Strength

Current Ratio (MRQ)

MACOM (MTSI) at 2.54 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

MTSI

Semiconductors & Semiconductor Equipment industry group

2.54

Max
10.33
Q3
5.62
Median
3.33
MTSI
2.54
Q1
2.35
Min
1.03
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Astera Labs (ALAB) vs. MACOM (MTSI): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Astera Labs (ALAB) at 0.02 keeps leverage in the lower industry quartile, while MACOM (MTSI) at 0.24 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

MTSI

Semiconductors & Semiconductor Equipment industry group

0.24

Max
1.46
Q3
0.65
Median
0.27
MTSI
0.24
Q1
0.04
Min
0.00
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Astera Labs (ALAB) vs. MACOM (MTSI): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Astera Labs (ALAB) and MACOM (MTSI)
MetricALABMTSI
Current Ratio (MRQ)8.032.54
Debt / Equity (MRQ)0.020.24
Net Debt / EBITDA-3.23-1.04

Dividends

Dividend Yield (TTM)

Neither Astera Labs (ALAB) nor MACOM (MTSI) 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%

MTSI

Semiconductors & Semiconductor Equipment industry group

0.00%

Max
1.37%
Q3
0.65%
MTSI
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Astera Labs (ALAB) vs. MACOM (MTSI): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Astera Labs (ALAB) nor MACOM (MTSI) 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%

MTSI

Semiconductors & Semiconductor Equipment industry group

0.00%

Max
49.64%
Q3
21.71%
MTSI
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Astera Labs (ALAB) vs. MACOM (MTSI): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Astera Labs (ALAB) and MACOM (MTSI)
MetricALABMTSI
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

MACOM (MTSI) at 48.95 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

MTSI

Semiconductors & Semiconductor Equipment industry group

48.95

Max
110.34
Q3
66.81
MTSI
48.95
Median
37.02
Q1
23.96
Min
8.12
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Astera Labs (ALAB) vs. MACOM (MTSI): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

MACOM (MTSI) at 12.14 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

MTSI

Semiconductors & Semiconductor Equipment industry group

12.14

Max
21.42
Q3
12.27
MTSI
12.14
Median
5.76
Q1
2.73
Min
0.00
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Astera Labs (ALAB) vs. MACOM (MTSI): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: MACOM (MTSI) at 9.50 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

MTSI

Semiconductors & Semiconductor Equipment industry group

9.50

Max
14.06
MTSI
9.50
Q3
7.44
Median
4.29
Q1
2.30
Min
0.20
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Astera Labs (ALAB) vs. MACOM (MTSI): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Astera Labs (ALAB) and MACOM (MTSI)
MetricALABMTSI
P/E Ratio (TTM)75.3848.95
P/S Ratio (TTM)21.4212.14
P/B Ratio (MRQ)16.679.50
Free Cash Flow Yield (TTM)0.39%1.15%