Astera Labs, Inc. (ALAB) vs Credo Technology Group Holding Ltd. (CRDO)

Astera Labs, Inc. and Credo Technology Group Holding Ltd. are both Semiconductors companies. Astera Labs, Inc. is the larger, with a market value of $59.4B against $40.7B — 1.5× the size. Credo Technology Group Holding Ltd. trades at the lower P/E: 68.1× against 149×. Credo Technology Group Holding Ltd. grew revenue faster over the last twelve months: 165.1% against 98.5%. Credo Technology Group Holding Ltd. has the higher net margin (33.8% vs 30.7%) and the lower return on invested capital (16.1% vs 36.2%). Across the 19 metrics below, Credo Technology Group Holding Ltd. leads on 15 and Astera Labs, Inc. on 4.

Valuation

Metric ALAB CRDO Semiconductors median
P/E 149.36 68.08 48.20
P/S 46.48 23.48 8.22
P/B 32.37 13.69 5.00
Price to free cash flow 201.93 85.18 51.38
EV/EBITDA 195.22 65.96 30.79
EV/Sales 45.44 23.00 8.57
Earnings yield 0.67% 1.47% 0.65%
Free cash flow yield 0.50% 1.17% 0.59%

Profitability

Metric ALAB CRDO Semiconductors median
Gross margin 75.13% 67.07% 52.28%
Operating margin 22.75% 31.74% 4.76%
Net margin 30.74% 33.83% 4.26%
Free cash flow margin 23.02% 27.57% 8.47%
Return on equity 25.83% 30.67% 2.59%
Return on assets 23.07% 27.48% 1.78%
Return on invested capital 36.15% 16.07% 2.27%

Growth

Metric ALAB CRDO Semiconductors median
Revenue growth (TTM) 98.48% 165.11% 16.92%
EPS growth (last fiscal year) 290.62% 765.52% 27.17%
Revenue growth, 5-year CAGR — 86.80% 5.83%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric ALAB CRDO Semiconductors median
Debt to equity 0.00 0.00 0.05
Current ratio 10.05 7.40 3.28
Net debt to EBITDA (6.90) (3.01) 0.58

Dividend

Metric ALAB CRDO Semiconductors median
Dividend yield — — 1.07%
Payout ratio — — 0.40

Size

Metric ALAB CRDO Semiconductors median
Market cap 59.37b 40.70b 5.36b

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