COHR vs. CRDO: Coherent vs. Credo Stock Comparison

November 11, 2026

How do Coherent (COHR) 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

Coherent (COHR) and Credo (CRDO) share the Information Technology sector but sit in different industry groups — COHR in Technology Hardware & Equipment and CRDO in Semiconductors & Semiconductor Equipment.

Coherent (COHR) has more than two decades of public-market history since October 2, 1987, whereas Credo (CRDO) listed on January 27, 2022 and has a much shorter record to draw on.

Company profile comparison for Coherent (COHR) and Credo (CRDO)
Profile Item	COHR	CRDO
Name	Coherent Corp.	Credo Technology Group Holding Ltd
Country/Region	United States	Cayman Islands
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Semiconductors & Semiconductor Equipment
GICS Industry	Electronic Equipment, Instruments & Components	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Electronic Components	Semiconductors
Market Capitalization	37.98 billion USD	22.65 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	October 2, 1987	January 27, 2022
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

COHR

CRDO

GSPC

Coherent (COHR) 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

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Trailing total returns for Coherent (COHR) and Credo (CRDO). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Coherent (COHR) and Credo (CRDO)
Metric	COHR	CRDO
Total Return (1Y)	48.11%	-17.42%
Total Return (3Y, Annualized)	90.06%	107.84%
Total Return (5Y, Annualized)	28.94%	--

Risk Profile

Drawdown History

COHR

CRDO

GSPC

Coherent (COHR) 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

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

Risk Metrics

Risk profile metrics for Coherent (COHR) and Credo (CRDO)
Metric	COHR	CRDO
Volatility (1Y, Annualized)	91.27%	98.54%
Beta (5Y)	2.19	3.31
Max Drawdown (5Y)	-62.87%	-62.87%
Avg. Volume (3M)	7.56M	8.02M

Risk-Adjusted Performance

Risk-Return Positioning

COHR and CRDO are plotted by 1-year volatility (risk) and 1-year return. Each dashed Capital Allocation Line uses that stock's own industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Coherent (COHR) and Credo (CRDO)
Metric	COHR	CRDO
Sharpe Ratio (1Y)	0.48	-0.22
Sortino Ratio (1Y)	0.70	-0.32

Profitability

ROE (TTM)

Credo (CRDO) at 30.67% sits in the top ROE quartile, while Coherent (COHR) at 9.27% is closer to the peer norm — stronger capital efficiency for CRDO.

COHR

Technology Hardware & Equipment industry group

9.27%

Max: 42.47%
Q3: 19.13%
Median: 11.00%
COHR: 9.27%
Q1: 1.63%
Min: -20.62%

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%

Coherent (COHR) vs. Credo (CRDO): A comparison of their ROE against their respective Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment industry group benchmarks.

Net Margin (TTM)

For every dollar of sales, both Coherent (COHR) at 12.18% and Credo (CRDO) at 33.83% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

COHR

Technology Hardware & Equipment industry group

12.18%

Max: 27.60%
COHR: 12.18%
Q3: 11.66%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

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%

Coherent (COHR) vs. Credo (CRDO): A comparison of their net margin against their respective Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment industry group benchmarks.

Operating Margin (TTM)

Both Coherent (COHR) at 16.30% and Credo (CRDO) at 25.20% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

COHR

Technology Hardware & Equipment industry group

16.30%

Max: 36.27%
Q3: 18.36%
COHR: 16.30%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

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%

Coherent (COHR) vs. Credo (CRDO): A comparison of their operating margin against their respective Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment industry group benchmarks.

Profitability Metrics

Profitability metrics for Coherent (COHR) and Credo (CRDO)
Metric	COHR	CRDO
ROE (TTM)	9.27%	30.67%
ROA (TTM)	3.99%	16.11%
Net Margin (TTM)	12.18%	33.83%
Operating Margin (TTM)	16.30%	25.20%
Gross Margin (TTM)	38.16%	67.07%

Growth

Revenue Growth

Credo (CRDO) at 205.68% clears its industry range for revenue growth, far stronger top-line momentum than Coherent (COHR) at 22.51%, which is closer to a typical peer reading.

Coherent (COHR) vs. Credo (CRDO): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Credo (CRDO) reports EPS growth of 765.52%, ranked against its industry; Coherent (COHR) has no EPS growth figure this period.

Coherent (COHR) vs. Credo (CRDO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Coherent (COHR) and Credo (CRDO)
Metric	COHR	CRDO
Revenue Growth (YoY)	22.51%	205.68%
Revenue Growth (3Y CAGR)	11.32%	93.53%
EPS Growth (YoY)	--	765.52%
EPS Growth (3Y CAGR)	--	--

Financial Strength

Current Ratio (MRQ)

Coherent (COHR) at 2.29 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.

COHR

Technology Hardware & Equipment industry group

2.29

Max: 5.34
Q3: 3.02
COHR: 2.29
Median: 1.95
Q1: 1.32
Min: 0.17

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

Coherent (COHR) vs. Credo (CRDO): A comparison of their current ratio against their respective Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment industry group benchmarks.

Debt / Equity (MRQ)

Credo (CRDO) at 0.01 keeps leverage in the lower industry quartile, while Coherent (COHR) at 0.37 runs a more typical debt-to-equity mix.

COHR

Technology Hardware & Equipment industry group

0.37

Max: 1.76
Q3: 0.78
COHR: 0.37
Median: 0.24
Q1: 0.04
Min: 0.01

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

Coherent (COHR) vs. Credo (CRDO): A comparison of their debt-to-equity ratio against their respective Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment industry group benchmarks.

Financial Strength Metrics

Financial strength metrics for Coherent (COHR) and Credo (CRDO)
Metric	COHR	CRDO
Current Ratio (MRQ)	2.29	7.40
Debt / Equity (MRQ)	0.37	0.01
Net Debt / EBITDA	1.56	-1.36

Dividends

Dividend Yield (TTM)

Neither Coherent (COHR) nor Credo (CRDO) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

COHR

Technology Hardware & Equipment industry group

0.00%

Max: 0.73%
Q3: 0.31%
COHR: 0.00%
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%

Coherent (COHR) vs. Credo (CRDO): A comparison of their dividend yield against their respective Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment industry group benchmarks.

Dividend Payout Ratio (TTM)

Neither Coherent (COHR) nor Credo (CRDO) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

COHR

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
COHR: 0.00%
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%

Coherent (COHR) vs. Credo (CRDO): A comparison of their payout ratio against their respective Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment industry group benchmarks.

Dividend Metrics

Dividend metrics for Coherent (COHR) and Credo (CRDO)
Metric	COHR	CRDO
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

Both Coherent (COHR) at 39.92 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.

COHR

Technology Hardware & Equipment industry group

39.92

Max: 69.48
Q3: 41.02
COHR: 39.92
Median: 26.39
Q1: 19.36
Min: 6.07

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

Coherent (COHR) vs. Credo (CRDO): A comparison of their P/E ratio against their respective Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment industry group benchmarks.

P/S Ratio (TTM)

Coherent (COHR) at 4.80 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.

COHR

Technology Hardware & Equipment industry group

4.80

Max: 11.30
Q3: 5.82
COHR: 4.80
Median: 2.56
Q1: 1.05
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

Coherent (COHR) vs. Credo (CRDO): A comparison of their P/S ratio against their respective Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment industry group benchmarks.

P/B Ratio (MRQ)

Coherent (COHR) at 3.35 is valued about in line with its industry on P/B ratio, while Credo (CRDO) at 8.29 carries an above-peer premium to book — CRDO is pricier on assets.

COHR

Technology Hardware & Equipment industry group

3.35

Max: 10.75
Q3: 5.52
COHR: 3.35
Median: 3.17
Q1: 1.79
Min: 0.33

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

Coherent (COHR) vs. Credo (CRDO): A comparison of their P/B ratio against their respective Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment industry group benchmarks.

Valuation Metrics

Valuation metrics for Coherent (COHR) and Credo (CRDO)
Metric	COHR	CRDO
P/E Ratio (TTM)	39.92	42.73
P/S Ratio (TTM)	4.80	14.24
P/B Ratio (MRQ)	3.35	8.29
Free Cash Flow Yield (TTM)	-4.44%	1.10%