Is CRDO or ON cheaper?

On trailing earnings, ON is cheaper: CRDO trades at a 95.97 P/E and ON at 64.29.

Which has grown faster, CRDO or ON?

Over the past five years, CRDO grew revenue faster — CRDO at a 86.69% CAGR versus ON at 2.12%.

Is CRDO or ON more profitable?

CRDO runs the higher net margin — CRDO at 35.37% versus ON at 9.46%.

Credo Technology Group Holding Ltd (CRDO) vs ON Semiconductor Corporation (ON)

CRDO leads on 8 of 13 compared metrics, though ON is the cheaper stock.

A side-by-side comparison of Credo Technology Group Holding Ltd and ON Semiconductor Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 29, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

CRDO

Credo Technology Group Holding Ltd

$44.38B

$238.00Technology

ON Semiconductor Corporation

$35.53B

$90.65Technology

Total return — CRDO vs ON

growth of $100 · last 4y

CRDO +1942.9%ON +68.9%CRDO compounded faster

Log scale — wide-divergence pair

CRDO ON

CRDO vs ON: by the numbers

•CRDO is the larger company ($44.38B vs $35.53B market cap).
•ON trades at the lower earnings multiple (64.29 vs 95.97 P/E).
•CRDO converts more revenue to profit (35.37% vs 9.46% net margin).
•CRDO grew revenue faster over the past five years (86.69% vs 2.12% CAGR).

Which is better, CRDO or ON?

Metric tally: CRDO 8 · ON 5

It depends on what you're optimizing for:

ValueON(lower P/E)

GrowthCRDO(faster 5Y revenue CAGR)

QualityCRDO(higher ROIC)

Metrics side by side

Valuation

Metric	CRDO	ON
P/E ratio	95.97	64.29●
Forward P/E	26.85●	29.40
P/S ratio	34.35	5.89●
P/B ratio	22.22	4.89●
PEG ratio	0.09	—
EV / EBITDA	93.15	30.98●
FCF yield	0.89%	4.07%●

Profitability

Metric	CRDO	ON
Gross margin	68.04%●	37.22%
Operating margin	33.33%●	10.84%
Net margin	35.37%●	9.46%
ROE	22.89%●	7.86%
ROIC	21.06%●	6.24%

Growth (annualized)

Metric	CRDO	ON
Revenue CAGR (5Y)	86.69%●	2.12%
EPS CAGR (5Y)	129.03%●	-12.64%
FCF CAGR (5Y)	—	23.39%
Total return CAGR (5Y)	—	19.29%

Frequently asked

Which is better, CRDO or ON?: It depends on your goal. value: ON (lower P/E); growth: CRDO (faster 5Y revenue CAGR); quality: CRDO (higher ROIC). Across all compared metrics, CRDO leads 8 to 5.
Is CRDO or ON cheaper?: On trailing earnings, ON is cheaper: CRDO trades at a 95.97 P/E and ON at 64.29.
Which has grown faster, CRDO or ON?: Over the past five years, CRDO grew revenue faster — CRDO at a 86.69% CAGR versus ON at 2.12%.
Is CRDO or ON more profitable?: CRDO runs the higher net margin — CRDO at 35.37% versus ON at 9.46%.

Go deeper

Full CRDO analysis Full ON analysis Interactive comparison tool

Dig into the metrics

Credo Technology Group P/E ratio ON Semiconductor P/E ratio Credo Technology Group dividend yield ON Semiconductor dividend yield Credo Technology Group ROE ON Semiconductor ROE Credo Technology Group operating margin ON Semiconductor operating margin Credo Technology Group revenue growth ON Semiconductor revenue growth Credo Technology Group free cash flow ON Semiconductor free cash flow

Credo Technology Group & ON Semiconductor appear in these rankings

Fastest Revenue Growth Stocks Highest ROIC Stocks Highest Operating Margin Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 29, 2026.