CRDO
Credo Technology Group Holding Ltd
Communication Equipment
Market Cap$34.69B
5Y Perf.+1453.5%
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Stock Comparison
CRDO vs LITE
Revenue, margins, valuation, and 5-year total return — side by side.
LITE
Lumentum Holdings Inc.
Communication Equipment
Market Cap$63.74B
5Y Perf.+779.8%
CRDO vs LITE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | CRDO | LITE |
|---|---|---|
| Industry | Communication Equipment | Communication Equipment |
| Market Cap | $34.69B | $63.74B |
| Revenue (TTM) | $1.07B | $2.49B |
| Net Income (TTM) | $340M | $440M |
| Gross Margin | 67.8% | 37.7% |
| Operating Margin | 30.2% | 9.5% |
| Forward P/E | 57.0x | 114.4x |
| Total Debt | $16M | $2.61B |
| Cash & Equiv. | $236M | $521M |
CRDO vs LITE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
CRDO
LITE
| Stock | Jan 22 | May 26 | Return |
|---|---|---|---|
| Credo Technology Gr… (CRDO) | 100 | 1553.5 | +1453.5% |
| Lumentum Holdings I… (LITE) | 100 | 879.8 | +779.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CRDO vs LITE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: CRDO leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Lumentum Holdings Inc. is the stronger pick specifically for capital preservation and lower volatility and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
CRDO
Credo Technology Group Holding Ltd
The Growth Play
CRDO carries the broadest edge in this set and is the clearest fit for growth exposure and sleep-well-at-night.
- Rev growth 126.3%, EPS growth 261.1%, 3Y rev CAGR 60.1%
- Lower volatility, beta 2.99, Low D/E 2.4%, current ratio 6.62x
- 126.3% revenue growth vs LITE's 21.0%
Best for: growth exposure and sleep-well-at-night
LITE
Lumentum Holdings Inc.
The Income Pick
LITE is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 0 yrs, beta 2.69
- 36.4% 10Y total return vs CRDO's 15.2%
- Beta 2.69, current ratio 4.37x
Best for: income & stability and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | CRDO | 126.3% revenue growth vs LITE's 21.0% |
| Value | CRDO | Lower P/E (57.0x vs 114.4x) |
| Quality / Margins | CRDO | 31.8% margin vs LITE's 17.7% |
| Stability / Safety | LITE | Beta 2.69 vs CRDO's 2.99 |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | LITE | +12.5% vs CRDO's +288.8% |
| Efficiency (ROA) | CRDO | 26.1% ROA vs LITE's 8.5%, ROIC 5.9% vs -4.3% |
CRDO vs LITE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2023
CRDO vs LITE — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLCRDOLAGGINGLITE
LITELumentum Holdings Inc.
0leads
CRDOCredo Technology Grou…
3leads
6 Total Categories
CATEGORYLEADERvs LITEMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
CRDO6/6
Valuation MetricsMultiples, price ratios, and targets
CRDO4/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
CRDO6/7
Total Returns1Y, 3Y, 5Y total returns with dividends
Tied
—
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
CRDO leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
LITE is the larger business by revenue, generating $2.5B annually — 2.3x CRDO's $1.1B. CRDO is the more profitable business, keeping 31.8% of every revenue dollar as net income compared to LITE's 17.7%. On growth, CRDO holds the edge at +2.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | CRDOCredo Technology … | LITELumentum Holdings… |
|---|---|---|
| RevenueTrailing 12 months | $1.1B | $2.5B |
| EBITDAEarnings before interest/tax | $340M | $425M |
| Net IncomeAfter-tax profit | $340M | $440M |
| Free Cash FlowCash after capex | $284M | $399M |
| Gross MarginGross profit ÷ Revenue | +67.8% | +37.7% |
| Operating MarginEBIT ÷ Revenue | +30.2% | +9.5% |
| Net MarginNet income ÷ Revenue | +31.8% | +17.7% |
| FCF MarginFCF ÷ Revenue | +26.6% | +16.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.0% | +90.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +4.1% | +3.3% |
CRDO leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
CRDO leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
At 649.3x trailing earnings, CRDO trades at a 73% valuation discount to LITE's 2412.9x P/E. On an enterprise value basis, CRDO's 583.6x EV/EBITDA is more attractive than LITE's 859.4x.
| Metric | CRDOCredo Technology … | LITELumentum Holdings… |
|---|---|---|
| Market CapShares × price | $34.7B | $63.7B |
| Enterprise ValueMkt cap + debt − cash | $34.5B | $65.8B |
| Trailing P/EPrice ÷ TTM EPS | 649.28x | 2412.94x |
| Forward P/EPrice ÷ next-FY EPS est. | 56.97x | 114.43x |
| PEG RatioP/E ÷ EPS growth rate | 8.80x | — |
| EV / EBITDAEnterprise value multiple | 583.58x | 859.43x |
| Price / SalesMarket cap ÷ Revenue | 79.42x | 38.75x |
| Price / BookPrice ÷ Book value/share | 50.05x | 54.76x |
| Price / FCFMarket cap ÷ FCF | 1195.22x | — |
CRDO leads this category, winning 4 of 5 comparable metrics.
Profitability & Efficiency
CRDO leads this category, winning 6 of 7 comparable metrics.
Profitability & Efficiency
LITE delivers a 30.7% return on equity — every $100 of shareholder capital generates $31 in annual profit, vs $30 for CRDO. CRDO carries lower financial leverage with a 0.02x debt-to-equity ratio, signaling a more conservative balance sheet compared to LITE's 2.30x.
| Metric | CRDOCredo Technology … | LITELumentum Holdings… |
|---|---|---|
| ROE (TTM)Return on equity | +29.6% | +30.7% |
| ROA (TTM)Return on assets | +26.1% | +8.5% |
| ROICReturn on invested capital | +5.9% | -4.3% |
| ROCEReturn on capital employed | +5.9% | -4.8% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 7 |
| Debt / EquityFinancial leverage | 0.02x | 2.30x |
| Net DebtTotal debt minus cash | -$220M | $2.1B |
| Cash & Equiv.Liquid assets | $236M | $521M |
| Total DebtShort + long-term debt | $16M | $2.6B |
| Interest CoverageEBIT ÷ Interest expense | — | 9.62x |
CRDO leads this category, winning 6 of 7 comparable metrics.
Total Returns (Dividends Reinvested)
Evenly matched — CRDO and LITE each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CRDO five years ago would be worth $161,622 today (with dividends reinvested), compared to $107,656 for LITE. Over the past 12 months, LITE leads with a +1247.8% total return vs CRDO's +288.8%. The 3-year compound annual growth rate (CAGR) favors CRDO at 191.8% vs LITE's 165.2% — a key indicator of consistent wealth creation.
| Metric | CRDOCredo Technology … | LITELumentum Holdings… |
|---|---|---|
| YTD ReturnYear-to-date | +31.5% | +131.2% |
| 1-Year ReturnPast 12 months | +288.8% | +1247.8% |
| 3-Year ReturnCumulative with dividends | +2384.0% | +1764.2% |
| 5-Year ReturnCumulative with dividends | +1516.2% | +976.6% |
| 10-Year ReturnCumulative with dividends | +1516.2% | +3635.5% |
| CAGR (3Y)Annualised 3-year return | +191.8% | +165.2% |
Evenly matched — CRDO and LITE each lead in 3 of 6 comparable metrics.
Risk & Volatility
Evenly matched — CRDO and LITE each lead in 1 of 2 comparable metrics.
Risk & Volatility
LITE is the less volatile stock with a 2.69 beta — it tends to amplify market swings less than CRDO's 2.99 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | CRDOCredo Technology … | LITELumentum Holdings… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.99x | 2.69x |
| 52-Week HighHighest price in past year | $213.80 | $1021.00 |
| 52-Week LowLowest price in past year | $46.09 | $60.38 |
| % of 52W HighCurrent price vs 52-week peak | +88.1% | +87.4% |
| RSI (14)Momentum oscillator 0–100 | 68.1 | 58.8 |
| Avg Volume (50D)Average daily shares traded | 7.2M | 6.4M |
Evenly matched — CRDO and LITE each lead in 1 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates CRDO as "Buy" and LITE as "Buy". Consensus price targets imply 15.3% upside for CRDO (target: $217) vs -28.0% for LITE (target: $643).
| Metric | CRDOCredo Technology … | LITELumentum Holdings… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $217.10 | $643.18 |
| # AnalystsCovering analysts | 13 | 24 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | 0 |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.1% |
Insufficient data to determine a leader in this category.
Key Takeaway
CRDO leads in 3 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 2 categories are tied.
Best OverallCredo Technology Group Hold… (CRDO)Leads 3 of 6 categories
Loading custom metrics...
CRDO vs LITE: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CRDO or LITE a better buy right now?
For growth investors, Credo Technology Group Holding Ltd (CRDO) is the stronger pick with 126.
3% revenue growth year-over-year, versus 21. 0% for Lumentum Holdings Inc. (LITE). Credo Technology Group Holding Ltd (CRDO) offers the better valuation at 649. 3x trailing P/E (57. 0x forward), making it the more compelling value choice. Analysts rate Credo Technology Group Holding Ltd (CRDO) a "Buy" — based on 13 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — CRDO or LITE?
On trailing P/E, Credo Technology Group Holding Ltd (CRDO) is the cheapest at 649.
3x versus Lumentum Holdings Inc. at 2412. 9x. On forward P/E, Credo Technology Group Holding Ltd is actually cheaper at 57. 0x.
03Which is the better long-term investment — CRDO or LITE?
Over the past 5 years, Credo Technology Group Holding Ltd (CRDO) delivered a total return of +1516%, compared to +976.
6% for Lumentum Holdings Inc. (LITE). Over 10 years, the gap is even starker: LITE returned +36. 4% versus CRDO's +1516%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CRDO or LITE?
By beta (market sensitivity over 5 years), Lumentum Holdings Inc.
(LITE) is the lower-risk stock at 2. 69β versus Credo Technology Group Holding Ltd's 2. 99β — meaning CRDO is approximately 11% more volatile than LITE relative to the S&P 500. On balance sheet safety, Credo Technology Group Holding Ltd (CRDO) carries a lower debt/equity ratio of 2% versus 2% for Lumentum Holdings Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — CRDO or LITE?
By revenue growth (latest reported year), Credo Technology Group Holding Ltd (CRDO) is pulling ahead at 126.
3% versus 21. 0% for Lumentum Holdings Inc. (LITE). On earnings-per-share growth, the picture is similar: Credo Technology Group Holding Ltd grew EPS 261. 1% year-over-year, compared to 104. 6% for Lumentum Holdings Inc.. Over a 3-year CAGR, CRDO leads at 60. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — CRDO or LITE?
Credo Technology Group Holding Ltd (CRDO) is the more profitable company, earning 11.
9% net margin versus 1. 6% for Lumentum Holdings Inc. — meaning it keeps 11. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CRDO leads at 8. 5% versus -10. 9% for LITE. At the gross margin level — before operating expenses — CRDO leads at 64. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is CRDO or LITE more undervalued right now?
On forward earnings alone, Credo Technology Group Holding Ltd (CRDO) trades at 57.
0x forward P/E versus 114. 4x for Lumentum Holdings Inc. — 57. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CRDO: 15. 3% to $217. 10.
08Which pays a better dividend — CRDO or LITE?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is CRDO or LITE better for a retirement portfolio?
For long-horizon retirement investors, Credo Technology Group Holding Ltd (CRDO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+1516% 10Y return).
Lumentum Holdings Inc. (LITE) carries a higher beta of 2. 69 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (CRDO: +1516%, LITE: +36. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between CRDO and LITE?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(CRDO: 201.5% · LITE: 90.1%)Net Margin>
%
(CRDO: 31.8% · LITE: 17.7%)P/E Ratio<
x
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