CRDO vs. MPWR: Credo vs. Monolithic Power Systems Stock Comparison

November 11, 2026

How do Credo (CRDO) and Monolithic Power Systems (MPWR) 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 Monolithic Power Systems (MPWR) are both classified in the Semiconductors sub-industry within the broader Semiconductors & Semiconductor Equipment industry, placing them in the closest GICS peer bucket.

Monolithic Power Systems (MPWR) has more than two decades of public-market history since November 19, 2004, whereas Credo (CRDO) listed on January 27, 2022 and has a much shorter record to draw on.

Company profile comparison for Credo (CRDO) and Monolithic Power Systems (MPWR)
Profile Item	CRDO	MPWR
Name	Credo Technology Group Holding Ltd	Monolithic Power Systems 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	58.06 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	January 27, 2022	November 19, 2004
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CRDO

MPWR

GSPC

Credo (CRDO) vs. Monolithic Power Systems (MPWR), 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 Monolithic Power Systems (MPWR). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Credo (CRDO) and Monolithic Power Systems (MPWR). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Credo (CRDO) and Monolithic Power Systems (MPWR)
Metric	CRDO	MPWR
Total Return (1Y)	-17.42%	42.29%
Total Return (3Y, Annualized)	107.84%	42.13%
Total Return (5Y, Annualized)	--	20.48%

Risk Profile

Drawdown History

CRDO

MPWR

GSPC

Credo (CRDO) vs. Monolithic Power Systems (MPWR), 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 Monolithic Power Systems (MPWR). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Credo (CRDO) and Monolithic Power Systems (MPWR)
Metric	CRDO	MPWR
Volatility (1Y, Annualized)	98.54%	57.22%
Beta (5Y)	3.31	1.67
Max Drawdown (5Y)	-62.87%	-51.65%
Avg. Volume (3M)	8.02M	776.23K

Risk-Adjusted Performance

Risk-Return Positioning

CRDO and MPWR 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 Monolithic Power Systems (MPWR)
Metric	CRDO	MPWR
Sharpe Ratio (1Y)	-0.22	0.66
Sortino Ratio (1Y)	-0.32	0.98

Profitability

ROE (TTM)

Both Credo (CRDO) at 30.67% and Monolithic Power Systems (MPWR) at 24.47% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

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%

MPWR

Semiconductors & Semiconductor Equipment industry group

24.47%

Max: 52.82%
MPWR: 24.47%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

Credo (CRDO) vs. Monolithic Power Systems (MPWR): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

Credo (CRDO) at 33.83% retains a top-quartile share of revenue as profit, ahead of Monolithic Power Systems (MPWR) at 23.89%, which keeps about the industry-typical share.

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%

MPWR

Semiconductors & Semiconductor Equipment industry group

23.89%

Max: 63.80%
Q3: 28.36%
MPWR: 23.89%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

Credo (CRDO) vs. Monolithic Power Systems (MPWR): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Both Credo (CRDO) at 25.20% and Monolithic Power Systems (MPWR) at 29.75% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

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%

MPWR

Semiconductors & Semiconductor Equipment industry group

29.75%

Max: 58.66%
Q3: 30.23%
MPWR: 29.75%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

Credo (CRDO) vs. Monolithic Power Systems (MPWR): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Credo (CRDO) and Monolithic Power Systems (MPWR)
Metric	CRDO	MPWR
ROE (TTM)	30.67%	24.47%
ROA (TTM)	16.11%	15.52%
Net Margin (TTM)	33.83%	23.89%
Operating Margin (TTM)	25.20%	29.75%
Gross Margin (TTM)	67.07%	55.26%

Growth

Revenue Growth

Both companies are growing quickly, but Credo (CRDO) at 205.68% is the standout with revenue growth above its industry range; Monolithic Power Systems (MPWR) at 26.43% also sits in the top quartile.

Credo (CRDO) vs. Monolithic Power Systems (MPWR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Credo (CRDO) at 765.52% delivers above-range EPS growth, while Monolithic Power Systems (MPWR) at -64.85% falls into the bottom quartile — a wide split in earnings momentum.

Credo (CRDO) vs. Monolithic Power Systems (MPWR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Credo (CRDO) and Monolithic Power Systems (MPWR)
Metric	CRDO	MPWR
Revenue Growth (YoY)	205.68%	26.43%
Revenue Growth (3Y CAGR)	93.53%	15.86%
EPS Growth (YoY)	765.52%	-64.85%
EPS Growth (3Y CAGR)	--	12.43%

Financial Strength

Current Ratio (MRQ)

Monolithic Power Systems (MPWR) at 3.70 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

MPWR

Semiconductors & Semiconductor Equipment industry group

3.70

Max: 10.33
Q3: 5.62
MPWR: 3.70
Median: 3.33
Q1: 2.35
Min: 1.03

Credo (CRDO) vs. Monolithic Power Systems (MPWR): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Both Credo (CRDO) at 0.01 and Monolithic Power Systems (MPWR) at 0.01 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

MPWR

Semiconductors & Semiconductor Equipment industry group

0.01

Max: 1.46
Q3: 0.65
Median: 0.27
Q1: 0.04
MPWR: 0.01
Min: 0.00

Credo (CRDO) vs. Monolithic Power Systems (MPWR): 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 Monolithic Power Systems (MPWR)
Metric	CRDO	MPWR
Current Ratio (MRQ)	7.40	3.70
Debt / Equity (MRQ)	0.01	0.01
Net Debt / EBITDA	-1.36	-0.92

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 Monolithic Power Systems (MPWR) reports a yield of 0.67%, 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%

MPWR

Semiconductors & Semiconductor Equipment industry group

0.67%

Max: 1.37%
MPWR: 0.67%
Q3: 0.65%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Credo (CRDO) vs. Monolithic Power Systems (MPWR): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

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 Monolithic Power Systems (MPWR) reports a payout of 41.65%, 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%

MPWR

Semiconductors & Semiconductor Equipment industry group

41.65%

Max: 49.64%
MPWR: 41.65%
Q3: 21.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Credo (CRDO) vs. Monolithic Power Systems (MPWR): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Credo (CRDO) and Monolithic Power Systems (MPWR)
Metric	CRDO	MPWR
Dividend Yield (TTM)	0.00%	0.67%
Dividend Payout Ratio (TTM)	0.00%	41.65%

Valuation

P/E Ratio (TTM)

Both Credo (CRDO) at 42.73 and Monolithic Power Systems (MPWR) at 65.27 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

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

MPWR

Semiconductors & Semiconductor Equipment industry group

65.27

Max: 110.34
Q3: 66.81
MPWR: 65.27
Median: 37.02
Q1: 23.96
Min: 8.12

Credo (CRDO) vs. Monolithic Power Systems (MPWR): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

Both Credo (CRDO) at 14.24 and Monolithic Power Systems (MPWR) at 15.53 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

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

MPWR

Semiconductors & Semiconductor Equipment industry group

15.53

Max: 21.42
MPWR: 15.53
Q3: 12.27
Median: 5.76
Q1: 2.73
Min: 0.00

Credo (CRDO) vs. Monolithic Power Systems (MPWR): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Credo (CRDO) at 8.29 sits in the upper P/B ratio quartile, and Monolithic Power Systems (MPWR) at 15.56 prices even higher, above its industry range.

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

MPWR

Semiconductors & Semiconductor Equipment industry group

15.56

MPWR: 15.56
Max: 14.06
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

Credo (CRDO) vs. Monolithic Power Systems (MPWR): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Credo (CRDO) and Monolithic Power Systems (MPWR)
Metric	CRDO	MPWR
P/E Ratio (TTM)	42.73	65.27
P/S Ratio (TTM)	14.24	15.53
P/B Ratio (MRQ)	8.29	15.56
Free Cash Flow Yield (TTM)	1.10%	0.87%