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CRDO vs. WDC: Credo vs. Western Digital Stock Comparison

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

Western Digital (WDC) has more than two decades of public-market history since October 31, 1978, whereas Credo (CRDO) listed on January 27, 2022 and has a much shorter record to draw on.

Company profile comparison for Credo (CRDO) and Western Digital (WDC)
Profile ItemCRDOWDC
NameCredo Technology Group Holding LtdWestern Digital Corp.
Country/RegionCayman IslandsUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSemiconductors & Semiconductor EquipmentTechnology Hardware & Equipment
GICS IndustrySemiconductors & Semiconductor EquipmentTechnology Hardware, Storage & Peripherals
GICS Sub-IndustrySemiconductorsTechnology Hardware, Storage & Peripherals
Market Capitalization22.65 billion USD98.74 billion USD
CurrencyUSDUSD
ExchangeNasdaqNasdaq
Listing DateJanuary 27, 2022October 31, 1978
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CRDO
WDC
GSPC
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Credo (CRDO) vs. Western Digital (WDC), 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 Western Digital (WDC). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Credo (CRDO) and Western Digital (WDC)
MetricCRDOWDC
Total Return (1Y)-17.42%78.89%
Total Return (3Y, Annualized)107.84%106.11%
Total Return (5Y, Annualized)--47.06%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Credo (CRDO) and Western Digital (WDC)
MetricCRDOWDC
Volatility (1Y, Annualized)98.54%83.20%
Beta (5Y)3.312.35
Max Drawdown (5Y)-62.87%-64.64%
Avg. Volume (3M)8.02M8.01M

Risk-Adjusted Performance

Risk-Return Positioning

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CRDO and WDC 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 Western Digital (WDC)
MetricCRDOWDC
Sharpe Ratio (1Y)-0.220.90
Sortino Ratio (1Y)-0.321.32

Profitability

ROE (TTM)

Both companies show strong equity returns, but Western Digital (WDC) at 129.60% is the standout with ROE above its industry range; Credo (CRDO) at 30.67% also sits in the top quartile.

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%

WDC

Technology Hardware & Equipment industry group

129.60%

WDC
129.60%
Max
42.47%
Q3
19.13%
Median
11.00%
Q1
1.63%
Min
-20.62%
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Credo (CRDO) vs. Western Digital (WDC): A comparison of their ROE against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Net Margin (TTM)

Western Digital (WDC) at 69.20% keeps the most of each sales dollar — above its industry’s net margin range — and Credo (CRDO) at 33.83% also retains a top-quartile 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%

WDC

Technology Hardware & Equipment industry group

69.20%

WDC
69.20%
Max
27.60%
Q3
11.66%
Median
4.08%
Q1
0.00%
Min
-11.02%
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Credo (CRDO) vs. Western Digital (WDC): A comparison of their net margin against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Operating Margin (TTM)

Western Digital (WDC) at 47.68% turns sales into operating profit above its industry’s benchmark range, while Credo (CRDO) at 25.20% operates 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%

WDC

Technology Hardware & Equipment industry group

47.68%

WDC
47.68%
Max
36.27%
Q3
18.36%
Median
8.84%
Q1
1.46%
Min
-21.39%
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Credo (CRDO) vs. Western Digital (WDC): 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 Western Digital (WDC)
MetricCRDOWDC
ROE (TTM)30.67%129.60%
ROA (TTM)16.11%25.88%
Net Margin (TTM)33.83%69.20%
Operating Margin (TTM)25.20%47.68%
Gross Margin (TTM)67.07%52.60%

Growth

Revenue Growth

Both companies are growing quickly, but Credo (CRDO) at 205.68% is the standout with revenue growth above its industry range; Western Digital (WDC) at 35.70% also sits in the top quartile.

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Credo (CRDO) vs. Western Digital (WDC): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Credo (CRDO) at 765.52% and Western Digital (WDC) at 372.38% 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. Western Digital (WDC): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Credo (CRDO) and Western Digital (WDC)
MetricCRDOWDC
Revenue Growth (YoY)205.68%35.70%
Revenue Growth (3Y CAGR)93.53%27.35%
EPS Growth (YoY)765.52%372.38%
EPS Growth (3Y CAGR)----

Financial Strength

Current Ratio (MRQ)

Western Digital (WDC) at 1.43 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

WDC

Technology Hardware & Equipment industry group

1.43

Max
5.34
Q3
3.02
Median
1.95
WDC
1.43
Q1
1.32
Min
0.17
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Credo (CRDO) vs. Western Digital (WDC): 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 Western Digital (WDC) at 0.10 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

WDC

Technology Hardware & Equipment industry group

0.10

Max
1.76
Q3
0.78
Median
0.24
WDC
0.10
Q1
0.04
Min
0.01
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Credo (CRDO) vs. Western Digital (WDC): 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 Western Digital (WDC)
MetricCRDOWDC
Current Ratio (MRQ)7.401.43
Debt / Equity (MRQ)0.010.10
Net Debt / EBITDA-1.36-0.06

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 Western Digital (WDC) reports a yield of 0.21%, 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%

WDC

Technology Hardware & Equipment industry group

0.21%

Max
0.73%
Q3
0.31%
WDC
0.21%
Median
0.00%
Q1
0.00%
Min
0.00%
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Credo (CRDO) vs. Western Digital (WDC): 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 Western Digital (WDC) reports a payout of 1.93%, 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%

WDC

Technology Hardware & Equipment industry group

1.93%

Max
32.27%
Q3
14.48%
WDC
1.93%
Median
0.00%
Q1
0.00%
Min
0.00%
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Credo (CRDO) vs. Western Digital (WDC): 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 Western Digital (WDC)
MetricCRDOWDC
Dividend Yield (TTM)0.00%0.21%
Dividend Payout Ratio (TTM)0.00%1.93%

Valuation

P/E Ratio (TTM)

Western Digital (WDC) at 9.28 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 WDC, 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

WDC

Technology Hardware & Equipment industry group

9.28

Max
69.48
Q3
41.02
Median
26.39
Q1
19.36
WDC
9.28
Min
6.07
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Credo (CRDO) vs. Western Digital (WDC): A comparison of their P/E ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

P/S Ratio (TTM)

Both Credo (CRDO) at 14.24 and Western Digital (WDC) at 6.82 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

WDC

Technology Hardware & Equipment industry group

6.82

Max
11.30
WDC
6.82
Q3
5.82
Median
2.56
Q1
1.05
Min
0.00
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Credo (CRDO) vs. Western Digital (WDC): 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 Western Digital (WDC) at 10.55 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

WDC

Technology Hardware & Equipment industry group

10.55

Max
10.75
WDC
10.55
Q3
5.52
Median
3.17
Q1
1.79
Min
0.33
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Credo (CRDO) vs. Western Digital (WDC): 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 Western Digital (WDC)
MetricCRDOWDC
P/E Ratio (TTM)42.739.28
P/S Ratio (TTM)14.246.82
P/B Ratio (MRQ)8.2910.55
Free Cash Flow Yield (TTM)1.10%2.76%