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.
| Profile Item | CRDO | FSLR |
|---|---|---|
| Name | Credo Technology Group Holding Ltd | First Solar Inc. |
| Country/Region | Cayman Islands | United States |
| 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 | Semiconductors | Semiconductors |
| Market Capitalization | 22.65 billion USD | 21.62 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | January 27, 2022 | November 17, 2006 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CRDO | FSLR |
|---|---|---|
| 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
Return Distribution
Risk Metrics
| Metric | CRDO | FSLR |
|---|---|---|
| Volatility (1Y, Annualized) | 98.54% | 52.55% |
| Beta (5Y) | 3.31 | 1.67 |
| Max Drawdown (5Y) | -62.87% | -59.97% |
| Avg. Volume (3M) | 8.02M | 2.40M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CRDO | FSLR |
|---|---|---|
| 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%
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%
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%
Profitability Metrics
| Metric | CRDO | FSLR |
|---|---|---|
| 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.
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.
Growth Metrics
| Metric | CRDO | FSLR |
|---|---|---|
| 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
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
Financial Strength Metrics
| Metric | CRDO | FSLR |
|---|---|---|
| Current Ratio (MRQ) | 7.40 | 2.57 |
| Debt / Equity (MRQ) | 0.01 | 0.03 |
| 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%
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%
Dividend Metrics
| Metric | CRDO | FSLR |
|---|---|---|
| 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
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
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
Valuation Metrics
| Metric | CRDO | FSLR |
|---|---|---|
| P/E Ratio (TTM) | 42.73 | 11.63 |
| P/S Ratio (TTM) | 14.24 | 4.31 |
| P/B Ratio (MRQ) | 8.29 | 1.99 |
| Free Cash Flow Yield (TTM) | 1.10% | 3.18% |