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CRDO vs. FSLR: Credo vs. First Solar Stock Comparison

How do Credo (CRDO) and First Solar (FSLR) 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

Credo (CRDO) and First Solar (FSLR) are both classified in the Semiconductors sub-industry within the broader Semiconductors & Semiconductor Equipment industry, placing them in the closest GICS peer bucket.

Company profile comparison for Credo (CRDO) and First Solar (FSLR)
Profile ItemCRDOFSLR
NameCredo Technology Group Holding LtdFirst Solar Inc.
Country/RegionCayman IslandsUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSemiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment
GICS Sub-IndustrySemiconductorsSemiconductors
Market Capitalization22.65 billion USD21.62 billion USD
CurrencyUSDUSD
ExchangeNasdaqNasdaq
Listing DateJanuary 27, 2022November 17, 2006
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CRDO
FSLR
GSPC
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Credo (CRDO) vs. First Solar (FSLR), 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 Credo (CRDO) and First Solar (FSLR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Credo (CRDO) and First Solar (FSLR)
MetricCRDOFSLR
Total Return (1Y)-17.42%-28.81%
Total Return (3Y, Annualized)107.84%12.86%
Total Return (5Y, Annualized)--10.80%

Risk Profile

Drawdown History

CRDO
FSLR
GSPC
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Credo (CRDO) vs. First Solar (FSLR), 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 Credo (CRDO) and First Solar (FSLR). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Credo (CRDO) and First Solar (FSLR)
MetricCRDOFSLR
Volatility (1Y, Annualized)98.54%52.55%
Beta (5Y)3.311.67
Max Drawdown (5Y)-62.87%-59.97%
Avg. Volume (3M)8.02M2.40M

Risk-Adjusted Performance

Risk-Return Positioning

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CRDO and FSLR 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 Credo (CRDO) and First Solar (FSLR)
MetricCRDOFSLR
Sharpe Ratio (1Y)-0.22-0.63
Sortino Ratio (1Y)-0.32-0.85

Profitability

ROE (TTM)

Credo (CRDO) at 30.67% sits in the top ROE quartile, while First Solar (FSLR) at 18.71% is closer to the peer norm — stronger capital efficiency for CRDO.

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%

FSLR

Semiconductors & Semiconductor Equipment industry group

18.71%

Max
52.82%
Q3
22.26%
FSLR
18.71%
Median
10.58%
Q1
1.29%
Min
-16.89%
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Credo (CRDO) vs. First Solar (FSLR): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Credo (CRDO) at 33.83% and First Solar (FSLR) at 37.12% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

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%

FSLR

Semiconductors & Semiconductor Equipment industry group

37.12%

Max
63.80%
FSLR
37.12%
Q3
28.36%
Median
11.44%
Q1
0.90%
Min
-37.77%
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Credo (CRDO) vs. First Solar (FSLR): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

First Solar (FSLR) at 44.37% operates in the top operating margin quartile, ahead of Credo (CRDO) at 25.20%, which runs around its industry’s norm.

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%

FSLR

Semiconductors & Semiconductor Equipment industry group

44.37%

Max
58.66%
FSLR
44.37%
Q3
30.23%
Median
15.91%
Q1
7.54%
Min
-25.74%
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Credo (CRDO) vs. First Solar (FSLR): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Credo (CRDO) and First Solar (FSLR)
MetricCRDOFSLR
ROE (TTM)30.67%18.71%
ROA (TTM)16.11%8.60%
Net Margin (TTM)33.83%37.12%
Operating Margin (TTM)25.20%44.37%
Gross Margin (TTM)67.07%49.25%

Growth

Revenue Growth

Credo (CRDO) at 205.68% clears its industry range for revenue growth, far stronger top-line momentum than First Solar (FSLR) at 24.09%, which is closer to a typical peer reading.

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Credo (CRDO) vs. First Solar (FSLR): 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 First Solar (FSLR) at 18.22%, which is closer to a typical peer reading.

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Credo (CRDO) vs. First Solar (FSLR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Credo (CRDO) and First Solar (FSLR)
MetricCRDOFSLR
Revenue Growth (YoY)205.68%24.09%
Revenue Growth (3Y CAGR)93.53%25.84%
EPS Growth (YoY)765.52%18.22%
EPS Growth (3Y CAGR)----

Financial Strength

Current Ratio (MRQ)

First Solar (FSLR) at 2.57 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.

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

FSLR

Semiconductors & Semiconductor Equipment industry group

2.57

Max
10.33
Q3
5.62
Median
3.33
FSLR
2.57
Q1
2.35
Min
1.03
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Credo (CRDO) vs. First Solar (FSLR): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Both Credo (CRDO) at 0.01 and First Solar (FSLR) at 0.03 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.

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

FSLR

Semiconductors & Semiconductor Equipment industry group

0.03

Max
1.46
Q3
0.65
Median
0.27
Q1
0.04
FSLR
0.03
Min
0.00
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Credo (CRDO) vs. First Solar (FSLR): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Credo (CRDO) and First Solar (FSLR)
MetricCRDOFSLR
Current Ratio (MRQ)7.402.57
Debt / Equity (MRQ)0.010.03
Net Debt / EBITDA-1.36-0.52

Dividends

Dividend Yield (TTM)

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

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%

FSLR

Semiconductors & Semiconductor Equipment industry group

0.00%

Max
1.37%
Q3
0.65%
FSLR
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Credo (CRDO) vs. First Solar (FSLR): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

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

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%

FSLR

Semiconductors & Semiconductor Equipment industry group

0.00%

Max
49.64%
Q3
21.71%
FSLR
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Credo (CRDO) vs. First Solar (FSLR): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Credo (CRDO) and First Solar (FSLR)
MetricCRDOFSLR
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

First Solar (FSLR) at 11.63 sits in the cheaper P/E ratio quartile, while Credo (CRDO) at 42.73 is closer to its industry’s usual earnings multiple — a discount for FSLR, though growth and earnings durability still matter.

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

FSLR

Semiconductors & Semiconductor Equipment industry group

11.63

Max
110.34
Q3
66.81
Median
37.02
Q1
23.96
FSLR
11.63
Min
8.12
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Credo (CRDO) vs. First Solar (FSLR): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

First Solar (FSLR) at 4.31 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.

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

FSLR

Semiconductors & Semiconductor Equipment industry group

4.31

Max
21.42
Q3
12.27
Median
5.76
FSLR
4.31
Q1
2.73
Min
0.00
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Credo (CRDO) vs. First Solar (FSLR): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

First Solar (FSLR) at 1.99 looks cheap against book in the lower P/B ratio quartile, while Credo (CRDO) at 8.29 carries a premium in the upper quartile — a clear price-to-book gap.

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

FSLR

Semiconductors & Semiconductor Equipment industry group

1.99

Max
14.06
Q3
7.44
Median
4.29
Q1
2.30
FSLR
1.99
Min
0.20
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Credo (CRDO) vs. First Solar (FSLR): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Credo (CRDO) and First Solar (FSLR)
MetricCRDOFSLR
P/E Ratio (TTM)42.7311.63
P/S Ratio (TTM)14.244.31
P/B Ratio (MRQ)8.291.99
Free Cash Flow Yield (TTM)1.10%3.18%