CRDO vs FN Stock Comparison: AI Score, Valuation, Performance and Upside
Credo is a fabless chip designer capturing high margins on proprietary AI interconnect silicon, while Fabrinet is a contract manufacturer that profits from volume and operational execution across the broader optical supply chain. Investors typically choose between Credo's higher-margin, higher-multiple growth profile and Fabrinet's steadier, lower-margin but more diversified manufacturing business.
This pairing is useful for weighing a specialized, high-margin AI chip designer against a diversified, lower-margin manufacturing partner that benefits from the same optical networking upgrade cycle.
CRDO holds the edge across 4 of 5 key metrics in this comparison. CRDO leads on both 1-year return (+35.83%) and forward P/E quality (17.21x vs 17.99x for FN), a relatively favorable combination of momentum and valuation. CRDO leads on both revenue growth (157.00%) and operating margin (35.66%), suggesting a stronger fundamental setup on both dimensions. Analyst consensus implies meaningfully more upside for FN (+87.30%) than for CRDO (+67.71%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want exposure to proprietary, high-margin AI interconnect silicon
- Are comfortable with concentrated customer exposure
- Believe cable- and DSP-based interconnects will keep gaining share
- Accept a premium valuation multiple
- Prefer a more diversified manufacturing exposure to optical networking growth
- Value consistent profitability over hypergrowth
- Are comfortable with lower gross margins typical of contract manufacturing
- Want exposure to multiple optical component customers rather than one product line
| Metric | CRDO | FN |
|---|---|---|
| AI scorei | 61.0 | 58.6 |
| AI ranki | #135 | #147 |
| Latest closei | $178.50 | $385.20 |
| 1M returni | +18.69% | +2.74% |
| 3M returni | -14.17% | -16.30% |
| 6M returni | +12.31% | -42.73% |
| 1Y returni | +35.83% | -3.30% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | CRDO | FN |
|---|---|---|
| 1Y ago | $13.58K (+35.8%) started 2025-10-15 | $9.67K (-3.3%) started 2025-10-15 |
| 5Y ago | $153.22K (+1432.2%) started 2022-01-27 | $39.23K (+292.3%) started 2021-10-15 |
| 10Y ago | $153.22K (+1432.2%) started 2022-01-27 | $92.6K (+826.0%) started 2016-10-17 |
Hypothetical — past performance does not guarantee future results.
| Metric | CRDO | FN |
|---|---|---|
| Market capi | $31.13B | $14.05B |
| Trailing P/Ei | 66.26 | 29.99 |
| Forward P/Ei | 17.21 | 17.99 |
| Price/Salesi | N/A | N/A |
| EV/Revenuei | 27.80 | 2.92 |
| Analyst targeti | $277.81 | $734.11 |
| Target upsidei | +67.71% | +87.30% |
| Metric | CRDO | FN |
|---|---|---|
| Revenue growthi | 157.00% | 44.60% |
| Earnings growthi | 343.20% | 58.10% |
| EPS growthi | +343.20% | +58.10% |
| FCF margini | +18.79% | -1.25% |
| Operating margini | 35.66% | 10.23% |
| Profit margini | 35.37% | 10.19% |
| ROIC proxyi | 34.41% | 21.33% |
| Return on equityi | 34.41% | 21.33% |
| Dividend yieldi | N/A | N/A |
| Payout ratioi | 0.00% | 0.00% |
| Dividend growth streaki | N/A | N/A |
| Betai | 3.23 | 1.22 |
| Debt/equityi | 1.23 | 0.16 |
| Current ratioi | 10.15 | 2.25 |
| Quick ratioi | 8.51 | 1.35 |
Over the past year, CRDO and FN have moved moderately in the same direction (correlation of 0.50), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | CRDO | FN |
|---|---|---|---|
| 1Y | Growthi | +35.83% | -3.30% |
| CAGRi | +35.86% | -3.30% | |
| Volatilityi | 94.95% | 75.62% | |
| Sharpe ratioi | 0.75 | 0.28 | |
| Sortino ratioi | 1.12 | 0.39 | |
| Max drawdowni | 53.59% | 49.78% | |
| Current drawdowni | 41.00% | 48.40% | |
| Avg drawdowni | 23.11% | 17.96% | |
| Ulcer Indexi | 27.44% | 23.53% | |
| Max daily dropi | 20.04% | 19.38% | |
| Max wkly dropi | 31.66% | 29.64% | |
| 5Y | Growthi | +1432.19% | +292.34% |
| CAGRi | +78.41% | +31.45% | |
| Volatilityi | 82.89% | 56.97% | |
| Sharpe ratioi | 1.07 | 0.69 | |
| Sortino ratioi | 1.62 | 1.02 | |
| Max drawdowni | 62.04% | 49.78% | |
| Current drawdowni | 41.00% | 48.40% | |
| Avg drawdowni | 19.91% | 13.78% | |
| Ulcer Indexi | 25.59% | 17.83% | |
| Max daily dropi | 46.80% | 21.91% | |
| Max wkly dropi | 51.50% | 29.64% | |
| 10Y | Growthi | +1432.19% | +825.96% |
| CAGRi | +78.41% | +24.95% | |
| Volatilityi | 82.89% | 49.82% | |
| Sharpe ratioi | 1.07 | 0.61 | |
| Sortino ratioi | 1.62 | 0.89 | |
| Max drawdowni | 62.04% | 51.11% | |
| Current drawdowni | 41.00% | 48.40% | |
| Avg drawdowni | 19.91% | 13.77% | |
| Ulcer Indexi | 25.59% | 17.95% | |
| Max daily dropi | 46.80% | 21.91% | |
| Max wkly dropi | 51.50% | 29.64% |
| Category | CRDO | FN |
|---|---|---|
| Company | Credo Technology Group | Fabrinet |
| Sector | Technology | Technology |
| Industry | Semiconductors | Electronic Components |
| Core business | Credo designs high-speed connectivity chips, including active electrical cables and optical DSPs, used to move data inside AI and hyperscale data centers. | Fabrinet provides advanced optical and electro-mechanical manufacturing services, producing optical transceivers and components for networking and datacenter customers. |
| Investor focus | Investors watch hyperscaler capex cycles, AEC attach rates, and Credo's exposure to a concentrated set of large cloud customers. | Investors track Fabrinet's datacom revenue growth, its relationship with key optical customers, and capacity expansion to support 800G/1.6T transceiver demand. |
- Fabless model with high gross margins
- Direct exposure to AI server interconnect growth
- Expanding product roadmap beyond cables into optical DSPs
- Long-standing manufacturing partnerships with leading optical component companies
- Diversified end markets spanning telecom, datacom, and non-optical products
- Consistent profitability and disciplined capital allocation
- Customer concentration among a few hyperscalers
- Premium valuation vulnerable to any growth deceleration
- Competitive intensity in the connectivity chip market
- Revenue tied closely to a small number of large optical customers
- Lower gross margins typical of a contract manufacturer
- Currency and geographic concentration risk from Thailand-based operations
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