CRDONasdaqSemiconductors & Related DevicesFiscal year ends April 29
Credo Technology Group Holding Ltd
Financials through Q1 FY2027, quarter ended Aug 1, 2026Last filing: 10-Q on Sep 2, 2026
$172.81+3.11 (+1.83%)
Close on Oct 19, 2026
- Market cap
- $33.59B
- P/E (TTM)
- 61.5
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2026
Gross margin
68.0%+2.8 pts over 5 years
Operating margin
33.3%+76.3 pts over 5 years
Net margin
35.4%+82.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +205.7% | +93.5% | +86.8% | – | |
| Gross profit | +221.1% | +104.5% | +88.4% | – | |
| Operating income | +1098.7% | – | – | – | |
| Net income | +805.0% | – | – | – | |
| EPS, diluted | +765.5% | – | – | – | |
| Free cash flow | +1302.4% | – | – | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | 84.9% | 34.4% | |
| Return on assets | – | – | 30.4% | |
| Current ratio | – | 11.00 | 10.15 | |
| Inventory turnover | – | – | 2.5× | |
| Capex to revenue | – | 10.3% | 4.3% | |
| Diluted shares | – | 69M | 188M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Credo Technology Group generated $617.56M from operations and spent $148.30M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$617.56M
Used
$148.30M
Capital expenditure$148.30M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin35.4%
×Asset turnover0.86×
×Equity multiplier1.13×
=Return on equity, FY202634.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 35.4% | 0.86× | 1.13× | 34.4% |
| FY2025 | 11.9% | 0.62× | 1.16× | 8.5% |
| FY2024 | -14.7% | 0.39× | 1.13× | -6.4% |
| FY2023 | -9.0% | 0.48× | 1.13× | -4.9% |
| FY2022 | -20.8% | 0.40× | 1.91× | -15.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
6of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$472.28M
- Cash generatingOperating cash flow above zero$464.29M
- Return on assets improvedROA up on the prior year8.7% → 58.4%
- Earnings backed by cashOperating cash flow above net income$464.29M vs $472.28M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose6.62 → 10.15
- No dilutionShare count did not rise181M → 188M
- Gross margin improvedGross margin up on the prior year64.77% → 68.04%
- More efficientAsset turnover rose0.73 → 1.65