Loading institutional data...
Loading institutional data...
Held by 675 of 5,944 reporting institutions (98th percentile) — extremely crowded.
Data as of Q1 2026
Loading snapshot...
Loading financials...
Loading valuation...
Loading quality & risk...
Loading dividends & returns...
Loading capital allocation...
Loading debt & leverage...
Loading performance...
Loading peer comparison...
Loading ownership map...
Loading crowding analysis...
Loading conviction analysis...
Loading buy/sell flow...
Loading ownership trends...
Loading top holders...
Loading top holders...
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $168.25 today, the market must believe free cash flow compounds 39.9%/yr for a decade (off $151M normalized FCF).
The market's 39.9% is more conservative than its 2-yr track record.
2-stage DCF · 0.19B shares · net debt -$1.2B
mean 686.1% · volatility σ 872% · implied rate exceeded in 2/2 yrs
Central path = implied 39.9%/yr growth; shaded band = ±1σ (872%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2027
Each value shows its share of revenue below it (common-size).
| Line Item | FY2027 | FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.34B 100.0% | $436.8M 100.0% | $193.0M 100.0% | $184.2M 100.0% | $106.5M 100.0% | $58.7M 100.0% | $53.8M 100.0% |
| Cost of Revenue | $426.8M 32.0% | $153.9M 35.2% | $73.5M 38.1% | $78.0M 42.3% | $42.5M 39.9% | $20.4M 34.8% | $7.7M 14.4% |
| Gross Profit | $908.3M 68.0% | $282.9M 64.8% | $119.4M 61.9% | $106.2M 57.7% | $64.0M 60.1% | $38.3M 65.2% | $46.1M 85.6% |
| Research & Development | $279.4M 20.9% | $146.9M 33.6% | $96.3M 49.9% | $76.8M 41.7% | $47.9M 45.0% | $34.8M 59.4% | $27.6M 51.2% |
| Selling, General & Admin | $184.0M 13.8% | $98.9M 22.6% | $60.2M 31.2% | $48.2M 26.2% | $34.9M 32.8% | $28.7M 48.8% | $16.5M 30.6% |
| Total Operating Expenses | $463.3M 34.7% | $245.8M 56.3% | $156.5M 81.1% | $127.4M 69.2% | $86.0M 80.8% | $63.5M 108.2% | $44.0M 81.8% |
| Operating Income | $445.0M 33.3% | $37.1M 8.5% | -$37.1M -19.2% | -$21.2M -11.5% | -$22.0M -20.6% | -$25.2M -43.0% | $2.1M 3.8% |
| Other Income (Expense), net | $30.4M 2.3% | $17.7M 4.1% | $14.3M 7.4% | $3.3M 1.8% | -$245K -0.2% | -$62K -0.1% | $24K 0.0% |
| Pretax Income | $475.4M 35.6% | $54.9M 12.6% | -$22.7M -11.8% | -$17.9M -9.7% | -$22.2M -20.9% | -$25.3M -43.1% | $2.1M 3.9% |
| Income Tax Expense | $3.2M 0.2% | $2.7M 0.6% | $5.6M 2.9% | -$1.4M -0.7% | -$37K -0.0% | $2.2M 3.8% | $766K 1.4% |
| Net Income | $472.3M 35.4% | $52.2M 11.9% | -$28.4M -14.7% | -$16.5M -9.0% | -$22.2M -20.8% | -$27.5M -46.9% | $1.3M 2.5% |
| Per Share | |||||||
| EPS (Basic) | $2.65 | $0.31 | $-0.18 | $-0.11 | $-0.25 | $-0.40 | $0.00 |
| EPS (Diluted) | $2.51 | $0.29 | $-0.18 | $-0.11 | $-0.25 | $-0.40 | $0.00 |
| Weighted Avg Shares (Basic) | 178.5M | 167.5M | 155.1M | 146.6M | 88.4M | 69.1M | 71.7M |
| Weighted Avg Shares (Diluted) | 188.2M | 181.2M | 155.1M | 146.6M | 88.4M | 69.1M | 71.7M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
6/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on $407M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 7 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 23%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 7 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest expense isn't separately reported — often netted into “other income (expense), net.”
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
EOD close · as of 2026-09-17
No material risks flagged.
Is the profit real, and how strong is the balance sheet?
FY2027 · every deduction from revenue to net income
DuPont — the three levers
Returns are margin-driven, not leverage-driven — higher quality.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 5.3× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|
| Cost of Revenue | 14.4 | 34.8 | 39.9 | 42.3 | 38.1 | 35.2 | 32.0 |
| Gross Profit | 85.6 | 65.2 | 60.1 | 57.7 | 61.9 | 64.8 | 68.0 |
| R&D | 51.2 | 59.4 | 45.0 | 41.7 | 49.9 | 33.6 | 20.9 |
| SG&A | 30.6 | 48.8 | 32.8 | 26.2 | 31.2 | 22.6 | 13.8 |
| Operating Income | 3.8 | -43.0 | -20.6 | -11.5 | -19.2 | 8.5 | 33.3 |
| Income Tax | 1.4 | 3.8 | -0.0 | -0.7 | 2.9 | 0.6 | 0.2 |
| Net Income | 2.5 | -46.9 | -20.8 | -9.0 | -14.7 | 11.9 | 35.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on CRDO: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 743 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | $10.83T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.20T | 43.6× | 39.0× | 24.1× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.91T | 44.6× | 34.3× | 11.8× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.64T | 27.3× | 19.3× | 11.0× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.61T | 71.2× | 63.6× | 25.2× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.04T | 122.1× | 57.5× | 27.8× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $835.4B | 193.4× | 197.6× | 24.1× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $504.6B | — | 62.9× | 9.6× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $426.7B | 42.3× | 35.8× | 7.5× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $416.9B | 276.7× | 288.5× | 93.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $367.3B | 64.9× | 34.6× | 3.2× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.6B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| AMAT | $329.4B | 48.0× | 37.9× | 11.6× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| RPAY | $325.1B | — | — | 1051.3× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| UMC | $283.0B | — | — | — | — | — | — | — | — | — | 302 |
| SAP | $261.9B | — | — | — | — | — | — | — | — | — | 794 |
| ARM | $259.6B | 287.0× | 223.6× | 52.8× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| PANW | $250.9B | 234.8× | 156.8× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| ANET | $248.2B | 71.8× | 62.7× | 27.6× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| TXN | $236.9B | 47.8× | 31.2× | 13.4× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $232.8B | 32.1× | 25.2× | 5.6× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.5B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| SNDK | $221.9B | — | — | 30.2× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| QCOM | $198.5B | 36.9× | 14.9× | 4.5× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| MRVL | $194.6B | 74.8× | 127.2× | 23.8× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| CRDO | $29.9B | 64.3× | 60.0× | 22.4× | 206% | 68.0% | 35.4% | 22.9% | 22.9% | — | 675 |
Peers = companies sharing CRDO's sector (Technology) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.