CRDO vs. LITE: Credo vs. Lumentum Stock Comparison

November 11, 2026

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

Company profile comparison for Credo (CRDO) and Lumentum (LITE)
Profile Item	CRDO	LITE
Name	Credo Technology Group Holding Ltd	Lumentum Holdings Inc.
Country/Region	Cayman Islands	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment	Technology Hardware & Equipment
GICS Industry	Semiconductors & Semiconductor Equipment	Communications Equipment
GICS Sub-Industry	Semiconductors	Communications Equipment
Market Capitalization	22.65 billion USD	48.84 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	January 27, 2022	July 23, 2015
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CRDO

LITE

GSPC

Credo (CRDO) vs. Lumentum (LITE), 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 Credo (CRDO) and Lumentum (LITE). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

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

Performance Metrics

Price performance metrics for Credo (CRDO) and Lumentum (LITE)
Metric	CRDO	LITE
Total Return (1Y)	-17.42%	150.31%
Total Return (3Y, Annualized)	107.84%	147.76%
Total Return (5Y, Annualized)	--	45.47%

Risk Profile

Drawdown History

CRDO

LITE

GSPC

Credo (CRDO) vs. Lumentum (LITE), 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 Credo (CRDO) and Lumentum (LITE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Credo (CRDO) and Lumentum (LITE)
Metric	CRDO	LITE
Volatility (1Y, Annualized)	98.54%	101.27%
Beta (5Y)	3.31	1.73
Max Drawdown (5Y)	-62.87%	-66.48%
Avg. Volume (3M)	8.02M	5.27M

Risk-Adjusted Performance

Risk-Return Positioning

CRDO and LITE 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 Lumentum (LITE)
Metric	CRDO	LITE
Sharpe Ratio (1Y)	-0.22	1.44
Sortino Ratio (1Y)	-0.32	2.14

Profitability

ROE (TTM)

Lumentum (LITE) reports a negative ROE of -245.79%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Credo (CRDO) reports 30.67%, ranking against industry peers normally.

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%

LITE

Technology Hardware & Equipment industry group

-245.79%

Max: 42.47%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%
LITE: -245.79%

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

Net Margin (TTM)

Lumentum (LITE) reports a negative net margin of -175.78%, usually indicating a net loss over the period. Meanwhile Credo (CRDO) reports 33.83%, ranking against industry peers normally.

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%

LITE

Technology Hardware & Equipment industry group

-175.78%

Max: 27.60%
Q3: 11.66%
Median: 4.08%
Q1: 0.00%
Min: -11.02%
LITE: -175.78%

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

Operating Margin (TTM)

Lumentum (LITE) at 27.95% 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%

LITE

Technology Hardware & Equipment industry group

27.95%

Max: 36.27%
LITE: 27.95%
Q3: 18.36%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

Credo (CRDO) vs. Lumentum (LITE): 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 Lumentum (LITE)
Metric	CRDO	LITE
ROE (TTM)	30.67%	-245.79%
ROA (TTM)	16.11%	9.19%
Net Margin (TTM)	33.83%	-175.78%
Operating Margin (TTM)	25.20%	27.95%
Gross Margin (TTM)	67.07%	47.98%

Growth

Revenue Growth

Both Credo (CRDO) at 205.68% and Lumentum (LITE) at 83.22% are expanding revenue faster than their entire industry benchmark ranges for revenue growth — exceptional top-line momentum on both sides, though growth that far above the peer range is worth checking for one-off boosts such as acquisitions.

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

EPS Growth

Credo (CRDO) at 765.52% sits above its peer range for EPS growth; Lumentum (LITE) at -25,224.32% sits below its range, putting their earnings trajectories at opposite ends.

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

Growth Metrics

Growth metrics for Credo (CRDO) and Lumentum (LITE)
Metric	CRDO	LITE
Revenue Growth (YoY)	205.68%	83.22%
Revenue Growth (3Y CAGR)	93.53%	19.48%
EPS Growth (YoY)	765.52%	-25,224.32%
EPS Growth (3Y CAGR)	--	--

Financial Strength

Current Ratio (MRQ)

Lumentum (LITE) at 1.61 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

LITE

Technology Hardware & Equipment industry group

1.61

Max: 5.34
Q3: 3.02
Median: 1.95
LITE: 1.61
Q1: 1.32
Min: 0.17

Credo (CRDO) vs. Lumentum (LITE): 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 Lumentum (LITE) at 0.31 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

LITE

Technology Hardware & Equipment industry group

0.31

Max: 1.76
Q3: 0.78
LITE: 0.31
Median: 0.24
Q1: 0.04
Min: 0.01

Credo (CRDO) vs. Lumentum (LITE): 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 Lumentum (LITE)
Metric	CRDO	LITE
Current Ratio (MRQ)	7.40	1.61
Debt / Equity (MRQ)	0.01	0.31
Net Debt / EBITDA	-1.36	-0.48

Dividends

Dividend Yield (TTM)

Neither Credo (CRDO) nor Lumentum (LITE) 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%

LITE

Technology Hardware & Equipment industry group

0.00%

Max: 0.73%
Q3: 0.31%
LITE: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Neither Credo (CRDO) nor Lumentum (LITE) 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%

LITE

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
LITE: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Credo (CRDO) vs. Lumentum (LITE): 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 Lumentum (LITE)
Metric	CRDO	LITE
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Credo (CRDO) trades at 42.73 times trailing earnings, ranked against its peers, while Lumentum (LITE) has no P/E ratio this period.

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

LITE

Technology Hardware & Equipment industry group

Max: 69.48
Q3: 41.02
Median: 26.39
Q1: 19.36
Min: 6.07
LITE: --

Credo (CRDO) vs. Lumentum (LITE): LITE does not report P/E ratio, so it has no value marker; CRDO is benchmarked against the Semiconductors & Semiconductor Equipment industry group.

P/S Ratio (TTM)

Both look expensive on sales: Credo (CRDO) at 14.24 sits in the upper P/S ratio quartile, and Lumentum (LITE) at 13.05 prices even higher, above its industry range.

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

LITE

Technology Hardware & Equipment industry group

13.05

LITE: 13.05
Max: 11.30
Q3: 5.82
Median: 2.56
Q1: 1.05
Min: 0.00

Credo (CRDO) vs. Lumentum (LITE): 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 Lumentum (LITE) at 10.67 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

LITE

Technology Hardware & Equipment industry group

10.67

Max: 10.75
LITE: 10.67
Q3: 5.52
Median: 3.17
Q1: 1.79
Min: 0.33

Credo (CRDO) vs. Lumentum (LITE): 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 Lumentum (LITE)
Metric	CRDO	LITE
P/E Ratio (TTM)	42.73	--
P/S Ratio (TTM)	14.24	13.05
P/B Ratio (MRQ)	8.29	10.67
Free Cash Flow Yield (TTM)	1.10%	0.29%