Credo Technology Group (CRDO) vs ON Semiconductor (ON)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
ON Semiconductor (ON) has outperformed Credo Technology Group (CRDO) over the past year, gaining 71.2% versus a gain of 59.2%. Credo Technology Group is the larger company by market cap ($41.35 billion vs $32.12 billion), about 1.3 times the size. On valuation, ON Semiconductor trades at a lower forward P/E (18.2x vs 22.7x for Credo Technology Group).
Credo Technology Group converts more of its revenue into profit, with a net margin of 35.4% versus 2.0%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CRDO | ON |
|---|---|---|
| Share price | $220.01 | $82.51 |
| Market cap | $41.35B | $32.12B |
| 1-day change | -0.37% | -4.40% |
| YTD return | +51.81% | +52.32% |
| 1-year return | +59.21% | +71.23% |
| 5-year return | — | +90.42% |
| P/E ratio (TTM) | 78.02 | 53.23 |
| Forward P/E | 22.70 | 18.22 |
| EPS (TTM) | $2.82 | $1.55 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $1.34B | $6.00B |
| Revenue growth (YoY) | +205.68% | -15.35% |
| Net income (latest FY) | $472.28M | $121.00M |
| Gross margin | 68.04% | 33.09% |
| Operating margin | 33.33% | 1.40% |
| Net margin | 35.37% | 2.02% |
| 52-week high | $308.67 | $134.92 |
| 52-week low | $86.49 | $44.56 |
| Distance from 52-week high | -28.72% | -38.85% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +26.85% | +26.60% |
| Average volume | 6.87M | 10.00M |
| Shares outstanding | 187.95M | 389.32M |
| Employees | 807 | 22,600 |
| Sector | Technology | Technology |
| Industry | Semiconductors | Semiconductors |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- ON has outperformed CRDO by 12.0 percentage points over the past year.
- Credo Technology Group trades at a higher earnings multiple (78.0x vs 53.2x trailing P/E).
- Credo Technology Group is more profitable, keeping 35.4 cents of every revenue dollar as net income versus 2.0 cents for ON Semiconductor.
- Credo Technology Group grew revenue faster in its latest fiscal year (+205.68% vs -15.35%).
About Credo Technology Group
CRDO stock →Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and other international markets. The company offers ZeroFlap (ZF) active electrical cables and ZF optical transceivers, OmniConnect memory solutions, and a suite of retimers and DSPs for optical and copper Ethernet and PCIe, as well as integrated circuits, active electrical cables, and SerDes chiplets.
Technology · Semiconductors · 807 employees
About ON Semiconductor
ON stock →ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally. It operates through three segments: Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group.
Technology · Semiconductors · 22,600 employees
CRDO vs ON FAQ
Which is bigger, Credo Technology Group or ON Semiconductor?
Credo Technology Group (CRDO) is larger, with a market capitalization of $41.35B compared with $32.12B for ON Semiconductor (ON).
Which stock has performed better over the past year, CRDO or ON?
ON returned +71.23% over the past 12 months, compared with +59.21% for CRDO (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CRDO or ON?
ON has the lower trailing P/E at 53.2, versus 78.0 for CRDO. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Credo Technology Group and ON Semiconductor in the same industry?
Yes. Both are classified in the Semiconductors industry within the Technology sector.