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CRDO vs. GLW: Credo vs. Corning Stock Comparison

How do Credo (CRDO) and Corning (GLW) 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 Corning (GLW) share the Information Technology sector but sit in different industry groups — CRDO in Semiconductors & Semiconductor Equipment and GLW in Technology Hardware & Equipment.

Corning (GLW) has more than two decades of public-market history since December 31, 1981, whereas Credo (CRDO) listed on January 27, 2022 and has a much shorter record to draw on.

Company profile comparison for Credo (CRDO) and Corning (GLW)
Profile ItemCRDOGLW
NameCredo Technology Group Holding LtdCorning Incorporated
Country/RegionCayman IslandsUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSemiconductors & Semiconductor EquipmentTechnology Hardware & Equipment
GICS IndustrySemiconductors & Semiconductor EquipmentElectronic Equipment, Instruments & Components
GICS Sub-IndustrySemiconductorsElectronic Components
Market Capitalization22.65 billion USD91.42 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateJanuary 27, 2022December 31, 1981
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CRDO
GLW
GSPC
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Credo (CRDO) vs. Corning (GLW), 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 Corning (GLW). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Credo (CRDO) and Corning (GLW)
MetricCRDOGLW
Total Return (1Y)-17.42%35.36%
Total Return (3Y, Annualized)107.84%65.24%
Total Return (5Y, Annualized)--27.74%

Risk Profile

Drawdown History

CRDO
GLW
GSPC
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Credo (CRDO) vs. Corning (GLW), 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 Corning (GLW). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Credo (CRDO) carries a highly aggressive beta of 3.31, indicating much higher sensitivity to broad-market moves, whereas Corning (GLW) is closer to market-like at 1.25 — a noticeable difference in market-sensitivity profile.

Risk profile metrics for Credo (CRDO) and Corning (GLW)
MetricCRDOGLW
Volatility (1Y, Annualized)98.54%76.20%
Beta (5Y)3.311.25
Max Drawdown (5Y)-62.87%-59.47%
Avg. Volume (3M)8.02M9.07M

Risk-Adjusted Performance

Risk-Return Positioning

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CRDO and GLW 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 Credo (CRDO) and Corning (GLW)
MetricCRDOGLW
Sharpe Ratio (1Y)-0.220.41
Sortino Ratio (1Y)-0.320.60

Profitability

ROE (TTM)

Credo (CRDO) at 30.67% sits in the top ROE quartile, while Corning (GLW) at 17.88% 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%

GLW

Technology Hardware & Equipment industry group

17.88%

Max
42.47%
Q3
19.13%
GLW
17.88%
Median
11.00%
Q1
1.63%
Min
-20.62%
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Credo (CRDO) vs. Corning (GLW): A comparison of their ROE against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Net Margin (TTM)

For every dollar of sales, both Credo (CRDO) at 33.83% and Corning (GLW) at 12.13% 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%

GLW

Technology Hardware & Equipment industry group

12.13%

Max
27.60%
GLW
12.13%
Q3
11.66%
Median
4.08%
Q1
0.00%
Min
-11.02%
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Credo (CRDO) vs. Corning (GLW): A comparison of their net margin against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Operating Margin (TTM)

Corning (GLW) at 18.95% 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%

GLW

Technology Hardware & Equipment industry group

18.95%

Max
36.27%
GLW
18.95%
Q3
18.36%
Median
8.84%
Q1
1.46%
Min
-21.39%
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Credo (CRDO) vs. Corning (GLW): A comparison of their operating margin against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Profitability Metrics

Profitability metrics for Credo (CRDO) and Corning (GLW)
MetricCRDOGLW
ROE (TTM)30.67%17.88%
ROA (TTM)16.11%5.80%
Net Margin (TTM)33.83%12.13%
Operating Margin (TTM)25.20%18.95%
Gross Margin (TTM)67.07%36.48%

Growth

Revenue Growth

Credo (CRDO) at 205.68% clears its industry range for revenue growth, far stronger top-line momentum than Corning (GLW) at 19.14%, which is closer to a typical peer reading.

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

EPS Growth

Both Credo (CRDO) at 765.52% and Corning (GLW) at 215.52% grew per-share earnings faster than their entire industry benchmark ranges for EPS growth — a strong showing on both sides, though a depressed base year can exaggerate the percentage, so the level of earnings matters too.

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

Growth Metrics

Growth metrics for Credo (CRDO) and Corning (GLW)
MetricCRDOGLW
Revenue Growth (YoY)205.68%19.14%
Revenue Growth (3Y CAGR)93.53%3.27%
EPS Growth (YoY)765.52%215.52%
EPS Growth (3Y CAGR)--5.92%

Financial Strength

Current Ratio (MRQ)

Corning (GLW) at 1.72 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

GLW

Technology Hardware & Equipment industry group

1.72

Max
5.34
Q3
3.02
Median
1.95
GLW
1.72
Q1
1.32
Min
0.17
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Credo (CRDO) vs. Corning (GLW): A comparison of their current ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Debt / Equity (MRQ)

Credo (CRDO) at 0.01 keeps leverage in the lower industry quartile, while Corning (GLW) at 0.64 runs a more typical debt-to-equity mix.

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

GLW

Technology Hardware & Equipment industry group

0.64

Max
1.76
Q3
0.78
GLW
0.64
Median
0.24
Q1
0.04
Min
0.01
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Credo (CRDO) vs. Corning (GLW): A comparison of their debt-to-equity ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Financial Strength Metrics

Financial strength metrics for Credo (CRDO) and Corning (GLW)
MetricCRDOGLW
Current Ratio (MRQ)7.401.72
Debt / Equity (MRQ)0.010.64
Net Debt / EBITDA-1.361.49

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 Corning (GLW) reports a yield of 1.08%, ranking against industry peers normally.

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%

GLW

Technology Hardware & Equipment industry group

1.08%

GLW
1.08%
Max
0.73%
Q3
0.31%
Median
0.00%
Q1
0.00%
Min
0.00%
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Credo (CRDO) vs. Corning (GLW): A comparison of their dividend yield against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

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 Corning (GLW) reports a payout of 45.34%, ranking against industry peers normally.

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%

GLW

Technology Hardware & Equipment industry group

45.34%

GLW
45.34%
Max
32.27%
Q3
14.48%
Median
0.00%
Q1
0.00%
Min
0.00%
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Credo (CRDO) vs. Corning (GLW): A comparison of their payout ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Dividend Metrics

Dividend metrics for Credo (CRDO) and Corning (GLW)
MetricCRDOGLW
Dividend Yield (TTM)0.00%1.08%
Dividend Payout Ratio (TTM)0.00%45.34%

Valuation

P/E Ratio (TTM)

Credo (CRDO) at 42.73 is near its industry’s usual P/E ratio, while Corning (GLW) at 42.97 sits in the richer quartile — GLW needs stronger growth or earnings quality to justify the premium.

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

GLW

Technology Hardware & Equipment industry group

42.97

Max
69.48
GLW
42.97
Q3
41.02
Median
26.39
Q1
19.36
Min
6.07
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Credo (CRDO) vs. Corning (GLW): A comparison of their P/E ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

P/S Ratio (TTM)

Corning (GLW) at 5.16 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

GLW

Technology Hardware & Equipment industry group

5.16

Max
11.30
Q3
5.82
GLW
5.16
Median
2.56
Q1
1.05
Min
0.00
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Credo (CRDO) vs. Corning (GLW): A comparison of their P/S ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

P/B Ratio (MRQ)

Both Credo (CRDO) at 8.29 and Corning (GLW) at 7.03 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

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

GLW

Technology Hardware & Equipment industry group

7.03

Max
10.75
GLW
7.03
Q3
5.52
Median
3.17
Q1
1.79
Min
0.33
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Credo (CRDO) vs. Corning (GLW): A comparison of their P/B ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Valuation Metrics

Valuation metrics for Credo (CRDO) and Corning (GLW)
MetricCRDOGLW
P/E Ratio (TTM)42.7342.97
P/S Ratio (TTM)14.245.16
P/B Ratio (MRQ)8.297.03
Free Cash Flow Yield (TTM)1.10%0.95%