ALAB vs. MU: Astera Labs vs. Micron Stock Comparison

Company Profile

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

Micron (MU) carries decades of public-market history since June 1, 1984, while Astera Labs (ALAB) listed on March 20, 2024 — long-window comparisons have far more historical data on the MU side.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Both companies show strong equity returns, but Micron (MU) at 88.26% is the standout with ROE above its industry range; Astera Labs (ALAB) at 28.21% also sits in the top quartile.

For every dollar of sales, both Astera Labs (ALAB) at 29.64% and Micron (MU) at 63.80% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

Micron (MU) at 80.68% 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.

Profitability Metrics

Growth

Both Astera Labs (ALAB) at 115.13% and Micron (MU) at 256.33% 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.

Only one side can be read here: Micron (MU) reports EPS growth of 879.31%, ranked against its industry; Astera Labs (ALAB) has no EPS growth figure this period.

Growth Metrics

Financial Strength

Micron (MU) at 3.31 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.

Both Astera Labs (ALAB) at 0.02 and Micron (MU) at 0.04 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.

Financial Strength Metrics

Dividends

Astera Labs (ALAB) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Micron (MU) reports a yield of 0.09%, ranking against industry peers normally.

Astera Labs (ALAB) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Micron (MU) reports a payout of 0.71%, ranking against industry peers normally.

Dividend Metrics

Valuation

Micron (MU) at 9.28 sits in the cheaper P/E ratio quartile, while Astera Labs (ALAB) at 75.38 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

Micron (MU) at 5.86 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.

Micron (MU) at 5.64 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.

Valuation Metrics