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ALAB vs. Q: Astera Labs vs. Qnity Electronics Stock Comparison

How do Astera Labs (ALAB) and Qnity Electronics (Q) 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 Qnity Electronics (Q) both belong to the Semiconductors & Semiconductor Equipment industry, though ALAB is classified under Semiconductors while Q falls under Semiconductor Materials & Equipment.

Company profile comparison for Astera Labs (ALAB) and Qnity Electronics (Q)
Profile ItemALABQ
NameAstera Labs, Inc.Qnity Electronics Inc.
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSemiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment
GICS Sub-IndustrySemiconductorsSemiconductor Materials & Equipment
Market Capitalization33.33 billion USD24.46 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateMarch 20, 2024October 27, 2025
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ALAB
Q
GSPC
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Astera Labs (ALAB) vs. Qnity Electronics (Q), 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 Qnity Electronics (Q). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Astera Labs (ALAB) and Qnity Electronics (Q)
MetricALABQ
Total Return (1Y)31.42%35.04%
Total Return (3Y, Annualized)----
Total Return (5Y, Annualized)----

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Astera Labs (ALAB) and Qnity Electronics (Q)
MetricALABQ
Volatility (1Y, Annualized)101.55%55.87%
Beta (5Y)3.951.49
Max Drawdown (5Y)-63.69%-38.03%
Avg. Volume (3M)4.15M1.73M

Risk-Adjusted Performance

Risk-Return Positioning

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ALAB and Q 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 Qnity Electronics (Q)
MetricALABQ
Sharpe Ratio (1Y)0.270.55
Sortino Ratio (1Y)0.390.80

Profitability

ROE (TTM)

Astera Labs (ALAB) at 28.21% sits in the top ROE quartile, while Qnity Electronics (Q) at 6.98% 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%

Q

Semiconductors & Semiconductor Equipment industry group

6.98%

Max
52.82%
Q3
22.26%
Median
10.58%
Q
6.98%
Q1
1.29%
Min
-16.89%
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Astera Labs (ALAB) vs. Qnity Electronics (Q): 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 Qnity Electronics (Q) at 10.16%, 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%

Q

Semiconductors & Semiconductor Equipment industry group

10.16%

Max
63.80%
Q3
28.36%
Median
11.44%
Q
10.16%
Q1
0.90%
Min
-37.77%
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Astera Labs (ALAB) vs. Qnity Electronics (Q): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Astera Labs (ALAB) at 30.61% operates in the top operating margin quartile, ahead of Qnity Electronics (Q) at 25.00%, 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%

Q

Semiconductors & Semiconductor Equipment industry group

25.00%

Max
58.66%
Q3
30.23%
Q
25.00%
Median
15.91%
Q1
7.54%
Min
-25.74%
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Astera Labs (ALAB) vs. Qnity Electronics (Q): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Astera Labs (ALAB) and Qnity Electronics (Q)
MetricALABQ
ROE (TTM)28.21%6.98%
ROA (TTM)13.41%5.78%
Net Margin (TTM)29.64%10.16%
Operating Margin (TTM)30.61%25.00%
Gross Margin (TTM)73.89%46.92%

Growth

Revenue Growth

Astera Labs (ALAB) at 115.13% clears its industry range for revenue growth, far stronger top-line momentum than Qnity Electronics (Q) at 9.67%, which is closer to a typical peer reading.

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Astera Labs (ALAB) vs. Qnity Electronics (Q): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Qnity Electronics (Q) reports EPS growth of -0.27%, ranked against its industry; Astera Labs (ALAB) has no EPS growth figure this period.

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Astera Labs (ALAB) vs. Qnity Electronics (Q): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Astera Labs (ALAB) and Qnity Electronics (Q)
MetricALABQ
Revenue Growth (YoY)115.13%9.67%
Revenue Growth (3Y CAGR)120.18%-0.01%
EPS Growth (YoY)---0.27%
EPS Growth (3Y CAGR)----

Financial Strength

Current Ratio (MRQ)

Astera Labs (ALAB) at 8.03 carries current ratio above its industry’s typical mid-range, while Qnity Electronics (Q) at 2.09 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

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

Q

Semiconductors & Semiconductor Equipment industry group

2.09

Max
10.33
Q3
5.62
Median
3.33
Q1
2.35
Q
2.09
Min
1.03
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Astera Labs (ALAB) vs. Qnity Electronics (Q): 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 Qnity Electronics (Q) at 0.57 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

Q

Semiconductors & Semiconductor Equipment industry group

0.57

Max
1.46
Q3
0.65
Q
0.57
Median
0.27
Q1
0.04
Min
0.00
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Astera Labs (ALAB) vs. Qnity Electronics (Q): 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 Qnity Electronics (Q)
MetricALABQ
Current Ratio (MRQ)8.032.09
Debt / Equity (MRQ)0.020.57
Net Debt / EBITDA-3.232.07

Dividends

Dividend Yield (TTM)

Astera Labs (ALAB) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Qnity Electronics (Q) reports a yield of 0.27%, ranking against industry peers normally.

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%

Q

Semiconductors & Semiconductor Equipment industry group

0.27%

Max
1.37%
Q3
0.65%
Q
0.27%
Median
0.00%
Q1
0.00%
Min
0.00%
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Astera Labs (ALAB) vs. Qnity Electronics (Q): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Astera Labs (ALAB) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Qnity Electronics (Q) reports a payout of 11.28%, ranking against industry peers normally.

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%

Q

Semiconductors & Semiconductor Equipment industry group

11.28%

Max
49.64%
Q3
21.71%
Q
11.28%
Median
0.00%
Q1
0.00%
Min
0.00%
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Astera Labs (ALAB) vs. Qnity Electronics (Q): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Astera Labs (ALAB) and Qnity Electronics (Q)
MetricALABQ
Dividend Yield (TTM)0.00%0.27%
Dividend Payout Ratio (TTM)0.00%11.28%

Valuation

P/E Ratio (TTM)

Qnity Electronics (Q) at 43.98 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

Q

Semiconductors & Semiconductor Equipment industry group

43.98

Max
110.34
Q3
66.81
Q
43.98
Median
37.02
Q1
23.96
Min
8.12
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Astera Labs (ALAB) vs. Qnity Electronics (Q): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

Qnity Electronics (Q) at 4.46 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

Q

Semiconductors & Semiconductor Equipment industry group

4.46

Max
21.42
Q3
12.27
Median
5.76
Q
4.46
Q1
2.73
Min
0.00
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Astera Labs (ALAB) vs. Qnity Electronics (Q): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

Qnity Electronics (Q) at 3.22 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

Q

Semiconductors & Semiconductor Equipment industry group

3.22

Max
14.06
Q3
7.44
Median
4.29
Q
3.22
Q1
2.30
Min
0.20
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Astera Labs (ALAB) vs. Qnity Electronics (Q): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Astera Labs (ALAB) and Qnity Electronics (Q)
MetricALABQ
P/E Ratio (TTM)75.3843.98
P/S Ratio (TTM)21.424.46
P/B Ratio (MRQ)16.673.22
Free Cash Flow Yield (TTM)0.39%2.85%