AMAT vs. CRDO: Applied Materials vs. Credo Stock Comparison

November 11, 2026

How do Applied Materials (AMAT) and Credo (CRDO) 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

Applied Materials (AMAT) and Credo (CRDO) both belong to the Semiconductors & Semiconductor Equipment industry, though AMAT is classified under Semiconductor Materials & Equipment while CRDO falls under Semiconductors.

Applied Materials (AMAT) has more than two decades of public-market history since March 17, 1980, whereas Credo (CRDO) listed on January 27, 2022 and has a much shorter record to draw on.

Company profile comparison for Applied Materials (AMAT) and Credo (CRDO)
Profile Item	AMAT	CRDO
Name	Applied Materials Inc.	Credo Technology Group Holding Ltd
Country/Region	United States	Cayman Islands
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductor Materials & Equipment	Semiconductors
Market Capitalization	264.04 billion USD	22.65 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	March 17, 1980	January 27, 2022
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AMAT

CRDO

GSPC

Applied Materials (AMAT) vs. Credo (CRDO), 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

Loading price history…

Trailing total returns for Applied Materials (AMAT) and Credo (CRDO). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for Applied Materials (AMAT) and Credo (CRDO). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Applied Materials (AMAT) and Credo (CRDO)
Metric	AMAT	CRDO
Total Return (1Y)	62.12%	-17.42%
Total Return (3Y, Annualized)	38.42%	107.84%
Total Return (5Y, Annualized)	19.86%	--

Risk Profile

Drawdown History

AMAT

CRDO

GSPC

Applied Materials (AMAT) vs. Credo (CRDO), 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

Loading price history…

Distribution of monthly total returns for Applied Materials (AMAT) and Credo (CRDO). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Applied Materials (AMAT) and Credo (CRDO)
Metric	AMAT	CRDO
Volatility (1Y, Annualized)	63.72%	98.54%
Beta (5Y)	1.68	3.31
Max Drawdown (5Y)	-55.80%	-62.87%
Avg. Volume (3M)	7.16M	8.02M

Risk-Adjusted Performance

Risk-Return Positioning

AMAT and CRDO 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 Applied Materials (AMAT) and Credo (CRDO)
Metric	AMAT	CRDO
Sharpe Ratio (1Y)	0.91	-0.22
Sortino Ratio (1Y)	1.35	-0.32

Profitability

ROE (TTM)

Both Applied Materials (AMAT) at 41.07% and Credo (CRDO) at 30.67% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

AMAT

Semiconductors & Semiconductor Equipment industry group

41.07%

Max: 52.82%
AMAT: 41.07%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

CRDO

Semiconductors & Semiconductor Equipment industry group

30.67%

Max: 52.82%
CRDO: 30.67%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

Applied Materials (AMAT) vs. Credo (CRDO): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Applied Materials (AMAT) at 30.05% and Credo (CRDO) at 33.83% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

AMAT

Semiconductors & Semiconductor Equipment industry group

30.05%

Max: 63.80%
AMAT: 30.05%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

CRDO

Semiconductors & Semiconductor Equipment industry group

33.83%

Max: 63.80%
CRDO: 33.83%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

Applied Materials (AMAT) vs. Credo (CRDO): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Applied Materials (AMAT) at 33.74% operates in the top operating margin quartile, ahead of Credo (CRDO) at 25.20%, which runs around its industry’s norm.

AMAT

Semiconductors & Semiconductor Equipment industry group

33.74%

Max: 58.66%
AMAT: 33.74%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

CRDO

Semiconductors & Semiconductor Equipment industry group

25.20%

Max: 58.66%
Q3: 30.23%
CRDO: 25.20%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

Applied Materials (AMAT) vs. Credo (CRDO): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Applied Materials (AMAT) and Credo (CRDO)
Metric	AMAT	CRDO
ROE (TTM)	41.07%	30.67%
ROA (TTM)	15.48%	16.11%
Net Margin (TTM)	30.05%	33.83%
Operating Margin (TTM)	33.74%	25.20%
Gross Margin (TTM)	49.40%	67.07%

Growth

Revenue Growth

Credo (CRDO) at 205.68% clears its industry range for revenue growth, far stronger top-line momentum than Applied Materials (AMAT) at 4.39%, which is closer to a typical peer reading.

Applied Materials (AMAT) vs. Credo (CRDO): A comparison of their Revenue Growth across different time periods.

EPS Growth

Credo (CRDO) at 765.52% clears its industry range for EPS growth, a much stronger earnings trajectory than Applied Materials (AMAT) at 0.58%, which is closer to a typical peer reading.

Applied Materials (AMAT) vs. Credo (CRDO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Applied Materials (AMAT) and Credo (CRDO)
Metric	AMAT	CRDO
Revenue Growth (YoY)	4.39%	205.68%
Revenue Growth (3Y CAGR)	3.23%	93.53%
EPS Growth (YoY)	0.58%	765.52%
EPS Growth (3Y CAGR)	5.19%	--

Financial Strength

Current Ratio (MRQ)

Applied Materials (AMAT) at 2.42 keeps current ratio within its industry’s typical mid-range, while Credo (CRDO) at 7.40 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

AMAT

Semiconductors & Semiconductor Equipment industry group

2.42

Max: 10.33
Q3: 5.62
Median: 3.33
AMAT: 2.42
Q1: 2.35
Min: 1.03

CRDO

Semiconductors & Semiconductor Equipment industry group

7.40

Max: 10.33
CRDO: 7.40
Q3: 5.62
Median: 3.33
Q1: 2.35
Min: 1.03

Applied Materials (AMAT) vs. Credo (CRDO): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Credo (CRDO) at 0.01 keeps leverage in the lower industry quartile, while Applied Materials (AMAT) at 0.29 runs a more typical debt-to-equity mix.

AMAT

Semiconductors & Semiconductor Equipment industry group

0.29

Max: 1.46
Q3: 0.65
AMAT: 0.29
Median: 0.27
Q1: 0.04
Min: 0.00

CRDO

Semiconductors & Semiconductor Equipment industry group

0.01

Max: 1.46
Q3: 0.65
Median: 0.27
Q1: 0.04
CRDO: 0.01
Min: 0.00

Applied Materials (AMAT) vs. Credo (CRDO): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Applied Materials (AMAT) and Credo (CRDO)
Metric	AMAT	CRDO
Current Ratio (MRQ)	2.42	7.40
Debt / Equity (MRQ)	0.29	0.01
Net Debt / EBITDA	-0.19	-1.36

Dividends

Dividend Yield (TTM)

Credo (CRDO) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Applied Materials (AMAT) reports a yield of 0.62%, ranking against industry peers normally.

AMAT

Semiconductors & Semiconductor Equipment industry group

0.62%

Max: 1.37%
Q3: 0.65%
AMAT: 0.62%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

CRDO

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 1.37%
Q3: 0.65%
CRDO: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Applied Materials (AMAT) vs. Credo (CRDO): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Credo (CRDO) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Applied Materials (AMAT) reports a payout of 16.48%, ranking against industry peers normally.

AMAT

Semiconductors & Semiconductor Equipment industry group

16.48%

Max: 49.64%
Q3: 21.71%
AMAT: 16.48%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

CRDO

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 49.64%
Q3: 21.71%
CRDO: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Applied Materials (AMAT) vs. Credo (CRDO): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Applied Materials (AMAT) and Credo (CRDO)
Metric	AMAT	CRDO
Dividend Yield (TTM)	0.62%	0.00%
Dividend Payout Ratio (TTM)	16.48%	0.00%

Valuation

P/E Ratio (TTM)

Both Applied Materials (AMAT) at 28.71 and Credo (CRDO) at 42.73 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

AMAT

Semiconductors & Semiconductor Equipment industry group

28.71

Max: 110.34
Q3: 66.81
Median: 37.02
AMAT: 28.71
Q1: 23.96
Min: 8.12

CRDO

Semiconductors & Semiconductor Equipment industry group

42.73

Max: 110.34
Q3: 66.81
CRDO: 42.73
Median: 37.02
Q1: 23.96
Min: 8.12

Applied Materials (AMAT) vs. Credo (CRDO): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

Applied Materials (AMAT) at 8.56 is priced about in line with its industry on P/S ratio, while Credo (CRDO) at 14.24 sits in the pricier quartile — CRDO costs more per dollar of sales.

AMAT

Semiconductors & Semiconductor Equipment industry group

8.56

Max: 21.42
Q3: 12.27
AMAT: 8.56
Median: 5.76
Q1: 2.73
Min: 0.00

CRDO

Semiconductors & Semiconductor Equipment industry group

14.24

Max: 21.42
CRDO: 14.24
Q3: 12.27
Median: 5.76
Q1: 2.73
Min: 0.00

Applied Materials (AMAT) vs. Credo (CRDO): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

Both Applied Materials (AMAT) at 10.30 and Credo (CRDO) at 8.29 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

AMAT

Semiconductors & Semiconductor Equipment industry group

10.30

Max: 14.06
AMAT: 10.30
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

CRDO

Semiconductors & Semiconductor Equipment industry group

8.29

Max: 14.06
CRDO: 8.29
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

Applied Materials (AMAT) vs. Credo (CRDO): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Applied Materials (AMAT) and Credo (CRDO)
Metric	AMAT	CRDO
P/E Ratio (TTM)	28.71	42.73
P/S Ratio (TTM)	8.56	14.24
P/B Ratio (MRQ)	10.30	8.29
Free Cash Flow Yield (TTM)	1.16%	1.10%