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Cadence Design Systems, Inc.(CDNS)Earnings, Financials & Key Ratios
CDNS•NASDAQ
$354.90
$97.99B mkt cap·87.4× P/E·Price updated May 6, 2026
AboutCadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus logic synthesis and Joules RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for silicon manufacturing. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile, consumer, and hyperscale computing markets. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.Show more
- Revenue$5.3B+14.1%
- EBITDA$1.88B+21.9%
- Net Income$1.11B+5.1%
- EPS (Diluted)4.06+5.5%
- Gross Margin86.36%+0.4%
- EBITDA Margin35.56%+6.8%
- Operating Margin31.15%+7.0%
- Net Margin20.94%-7.9%
- ROE21.85%-16.4%
- ROIC25.86%-0.7%
- Debt/Equity0.45-18.1%
- Interest Coverage14.06-27.4%
CDNS Key Insights
Cadence Design Systems, Inc. (CDNS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 27.3%
- ✓Strong Piotroski F-Score: 7/9
- ✓FCF machine: 30.0% free cash flow margin
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 14.6%
- ✓Healthy 5Y average net margin of 23.3%
✗Weaknesses
- ✗Expensive at 17.7x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
CDNS Price & Volume
Cadence Design Systems, Inc. (CDNS) stock price & volume — 10-year historical chart
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CDNS Growth Metrics
Cadence Design Systems, Inc. (CDNS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years12.02%
5 Years14.57%
3 Years14.14%
TTM14.12%
Profit CAGR
10 Years15.95%
5 Years13.43%
3 Years9.31%
TTM5.06%
EPS CAGR
10 Years17.49%
5 Years13.99%
3 Years9.53%
TTM5.18%
Return on Capital
10 Years23%
5 Years25.78%
3 Years25.13%
Last Year20.47%
CDNS Recent Earnings
Cadence Design Systems, Inc. (CDNS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 12/12 qtrs (100%)
Q2 2026Latest
Apr 27, 2026EPS
$1.96
Est $1.91
+2.6%
Revenue
$1.5B
Est $1.5B
+1.2%
Q1 2026
Feb 17, 2026EPS
$1.99
Est $1.91
+4.2%
Revenue
$1.4B
Est $1.4B
+1.1%
Q4 2025
Oct 27, 2025EPS
$1.93
Est $1.79
+7.8%
Revenue
$1.3B
Est $1.3B
+1.2%
Q3 2025
Jul 28, 2025EPS
$1.65
Est $1.56
+5.8%
Revenue
$1.3B
Est $1.2B
+2.0%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 27, 2026 | $1.96vs $1.91+2.6% | $1.5Bvs $1.5B+1.2% |
| Q1 2026 | Feb 17, 2026 | $1.99vs $1.91+4.2% | $1.4Bvs $1.4B+1.1% |
| Q4 2025 | Oct 27, 2025 | $1.93vs $1.79+7.8% | $1.3Bvs $1.3B+1.2% |
| Q3 2025 | Jul 28, 2025 | $1.65vs $1.56+5.8% | $1.3Bvs $1.2B+2.0% |
Based on last 12 quarters of dataView full earnings history →
CDNS Peer Comparison
Cadence Design Systems, Inc. (CDNS) competitors in Engineering design and simulation software — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SNPS | 96.55B | 504.33 | 62.73 | 15.12% | 13.75% | 3.6% | 0.50 | |
 MTSI | 23.24B | 309.81 | -424.40 | 32.58% | 15.88% | 11.98% | 0.41 | |
 PEGA | 6.15B | 36.37 | 17.08 | 16.61% | 20.04% | 50.21% | 0.10 | |
 PTC | 16.28B | 136.84 | 22.51 | 19.18% | 41.58% | 44.59% | 0.36 | |
 NVDA | 5.05T | 207.67 | 42.38 | 65.47% | 55.6% | 76.33% | 0.07 | |
 INTC | 567.42B | 113.01 | -1918.68 | -0.47% | -5.9% | -2.68% | 0.37 | |
 AMD | 687.16B | 421.47 | 159.04 | 34.34% | 13.33% | 8.05% | 0.07 | |
 AVGO | 2.02T | 425.44 | 89.19 | 23.87% | 36.57% | 32.86% | 0.80 |
Compare CDNS vs Peers
Cadence Design Systems, Inc. (CDNS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CDNS Income Statement
Cadence Design Systems, Inc. (CDNS) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 1.94B | 2.14B | 2.34B | 2.68B | 2.99B | 3.56B | 4.09B | 4.64B | 5.3B |
| Revenue Growth % | 6.99% | 10.04% | 9.27% | 14.83% | 11.38% | 19.19% | 14.83% | 13.48% | 14.12% |
| Cost of Goods Sold | 237.39M | 258.75M | 266.36M | 305.5M | 307.01M | 371.62M | 435.04M | 647.5M | 722.25M |
| COGS % of Revenue | 12.22% | 12.1% | 11.4% | 11.39% | 10.27% | 10.43% | 10.64% | 13.95% | 13.64% |
| Gross Profit | 1.71B▲ 0% | 1.88B▲ 10.2% | 2.07B▲ 10.1% | 2.38B▲ 14.9% | 2.68B▲ 12.8% | 3.19B▲ 19.0% | 3.65B▲ 14.6% | 3.99B▲ 9.3% | 4.57B▲ 14.5% |
| Gross Margin % | 87.78% | 87.9% | 88.6% | 88.61% | 89.73% | 89.57% | 89.36% | 86.05% | 86.36% |
| Gross Profit Growth % | 9.36% | 10.18% | 10.15% | 14.85% | 12.78% | 18.98% | 14.57% | 9.27% | 14.54% |
| Operating Expenses | 1.37B | 1.48B | 1.57B | 1.73B | 1.9B | 2.12B | 2.4B | 2.64B | 2.92B |
| OpEx % of Revenue | 70.63% | 69.37% | 67.18% | 64.55% | 63.65% | 59.42% | 58.77% | 56.95% | 55.22% |
| Selling, General & Admin | 553.34M | 573.08M | 621.48M | 670.88M | 749.28M | 846.34M | 932.75M | 1.03B | 1.12B |
| SG&A % of Revenue | 28.48% | 26.8% | 26.6% | 25.01% | 25.07% | 23.76% | 22.81% | 22.22% | 21.07% |
| Research & Development | 804.22M | 884.82M | 935.94M | 1.03B | 1.13B | 1.25B | 1.44B | 1.55B | 1.77B |
| R&D % of Revenue | 41.39% | 41.38% | 40.06% | 38.53% | 37.96% | 35.14% | 35.25% | 33.38% | 33.39% |
| Other Operating Expenses | 16.75M | 25.18M | 12.13M | 27.22M | 18.59M | 18.52M | 29.18M | 54.14M | 39.94M |
| Operating Income | 323.95M▲ 0% | 396.21M▲ 22.3% | 491.8M▲ 24.1% | 645.55M▲ 31.3% | 779.09M▲ 20.7% | 1.07B▲ 37.8% | 1.25B▲ 16.5% | 1.35B▲ 8.0% | 1.65B▲ 22.1% |
| Operating Margin % | 16.67% | 18.53% | 21.05% | 24.06% | 26.07% | 30.15% | 30.59% | 29.1% | 31.15% |
| Operating Income Growth % | 32.28% | 22.3% | 24.13% | 31.26% | 20.69% | 37.81% | 16.54% | 7.96% | 22.14% |
| EBITDA | 439.48M | 514.93M | 614.59M | 795.69M | 909.79M | 1.21B | 1.4B | 1.55B | 1.88B |
| EBITDA Margin % | 22.62% | 24.08% | 26.31% | 29.66% | 30.45% | 33.95% | 34.16% | 33.31% | 35.56% |
| EBITDA Growth % | 20.57% | 17.17% | 19.35% | 29.47% | 14.34% | 32.9% | 15.54% | 10.65% | 21.86% |
| D&A (Non-Cash Add-back) | 115.52M | 118.72M | 122.79M | 150.14M | 130.7M | 135.43M | 145.74M | 195.01M | 233.84M |
| EBIT | 333.36M | 407.3M | 497.8M | 653.5M | 785.41M | 1.07B | 1.32B | 1.47B | 1.64B |
| Net Interest Income | -21.79M | -15.07M | -9.32M | -16.93M | -14.35M | -12.84M | -6.55M | -13.52M | -14.96M |
| Interest Income | 3.88M | 8.07M | 9.51M | 3.82M | 2.63M | 10.1M | 29.64M | 62.48M | 101.58M |
| Interest Expense | 25.66M | 23.14M | 18.83M | 20.75M | 16.98M | 22.93M | 36.19M | 76M | 116.54M |
| Other Income/Expense | -8.91M | -19.82M | -12.83M | -12.8M | -10.65M | -28.32M | 30.7M | 45.06M | -127.74M |
| Pretax Income | 315.05M▲ 0% | 376.39M▲ 19.5% | 478.97M▲ 27.3% | 632.75M▲ 32.1% | 768.43M▲ 21.4% | 1.05B▲ 36.0% | 1.28B▲ 22.6% | 1.4B▲ 8.9% | 1.52B▲ 9.0% |
| Pretax Margin % | 16.21% | 17.6% | 20.5% | 23.58% | 25.72% | 29.35% | 31.34% | 30.07% | 28.74% |
| Income Tax | 110.94M | 30.61M | -510.01M | 42.1M | 72.48M | 196.41M | 240.78M | 340.33M | 413.15M |
| Effective Tax Rate % | 35.22% | 8.13% | -106.48% | 6.65% | 9.43% | 18.79% | 18.78% | 24.38% | 27.14% |
| Net Income | 204.1M▲ 0% | 345.78M▲ 69.4% | 988.98M▲ 186.0% | 590.64M▼ 40.3% | 695.96M▲ 17.8% | 848.95M▲ 22.0% | 1.04B▲ 22.6% | 1.06B▲ 1.4% | 1.11B▲ 5.1% |
| Net Margin % | 10.5% | 16.17% | 42.33% | 22.02% | 23.29% | 23.84% | 25.46% | 22.74% | 20.94% |
| Net Income Growth % | 0.5% | 69.41% | 186.02% | -40.28% | 17.83% | 21.98% | 22.64% | 1.38% | 5.06% |
| Net Income (Continuing) | 204.1M | 345.78M | 988.98M | 590.64M | 695.96M | 848.95M | 1.04B | 1.06B | 1.11B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.73▲ 0% | 1.23▲ 68.5% | 3.53▲ 187.0% | 2.11▼ 40.2% | 2.50▲ 18.5% | 3.09▲ 23.6% | 3.82▲ 23.6% | 3.85▲ 0.8% | 4.06▲ 5.5% |
| EPS Growth % | 4.29% | 68.49% | 186.99% | -40.23% | 18.48% | 23.6% | 23.62% | 0.79% | 5.45% |
| EPS (Basic) | 0.75 | 1.26 | 3.62 | 2.16 | 2.54 | 3.13 | 3.86 | 3.89 | 4.09 |
| Diluted Shares Outstanding | 280.22M | 281.14M | 280.51M | 279.64M | 278.86M | 275.01M | 272.75M | 273.83M | 273.31M |
| Basic Shares Outstanding | 272.1M | 273.73M | 273.24M | 273.73M | 273.5M | 271.2M | 269.38M | 271.21M | 271.33M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
CDNS Balance Sheet
Cadence Design Systems, Inc. (CDNS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 979.99M | 951.09M | 1.17B | 1.48B | 1.72B | 1.71B | 1.98B | 4.02B | 4.67B |
| Cash & Short-Term Investments | 692.54M | 533.3M | 705.21M | 928.43M | 1.09B | 886.82M | 1.14B | 2.78B | 3B |
| Cash Only | 688.09M | 533.3M | 705.21M | 928.43M | 1.09B | 882.33M | 1.01B | 2.64B | 3B |
| Short-Term Investments | 4.46M | 0 | 0 | 0 | 0 | 4.49M | 130.36M | 140.63M | 0 |
| Accounts Receivable | 190.43M | 297.08M | 304.55M | 348.2M | 344.41M | 486.71M | 489.22M | 680.46M | 944.94M |
| Days Sales Outstanding | 35.77 | 50.72 | 47.58 | 47.37 | 42.07 | 49.88 | 43.66 | 53.51 | 65.12 |
| Inventory | 33.21M | 28.16M | 55.8M | 75.96M | 115.72M | 128M | 181.66M | 257.71M | 303.55M |
| Days Inventory Outstanding | 51.06 | 39.73 | 76.47 | 90.75 | 137.58 | 125.72 | 152.41 | 145.27 | 153.4 |
| Other Current Assets | 0 | 0 | 0 | 126M | 81.38M | 135.74M | 0 | 0 | 419.87M |
| Total Non-Current Assets | 1.44B | 1.52B | 2.19B | 2.47B | 2.67B | 3.43B | 3.69B | 4.96B | 5.48B |
| Property, Plant & Equipment | 251.34M | 252.63M | 376.2M | 444.48M | 436.04M | 541.83M | 554.01M | 604.39M | 517M |
| Fixed Asset Turnover | 7.73x | 8.46x | 6.21x | 6.04x | 6.85x | 6.57x | 7.38x | 7.68x | 10.25x |
| Goodwill | 666.01M | 662.27M | 661.86M | 782.09M | 928.36M | 1.37B | 1.54B | 2.38B | 2.75B |
| Intangible Assets | 278.83M | 225.46M | 172.38M | 210.59M | 233.26M | 354.62M | 336.84M | 594.73M | 718.22M |
| Long-Term Investments | 2.99M | 118.73M | 138.21M | 132.23M | 127.5M | 120M | 138.32M | 124.09M | 0 |
| Other Non-Current Assets | 87.05M | 103.58M | 106.87M | 170.53M | 181.6M | 185.9M | 248.25M | 274.46M | 581.37M |
| Total Assets | 2.42B▲ 0% | 2.47B▲ 2.1% | 3.36B▲ 36.0% | 3.95B▲ 17.7% | 4.39B▲ 11.0% | 5.14B▲ 17.1% | 5.67B▲ 10.4% | 8.97B▲ 58.3% | 10.15B▲ 13.1% |
| Asset Turnover | 0.80x | 0.87x | 0.70x | 0.68x | 0.68x | 0.69x | 0.72x | 0.52x | 0.52x |
| Asset Growth % | 15.35% | 2.06% | 35.99% | 17.68% | 11.02% | 17.12% | 10.36% | 58.29% | 13.13% |
| Total Current Liabilities | 642.4M | 708.98M | 672.39M | 796.81M | 971.23M | 1.35B | 1.59B | 1.37B | 1.64B |
| Accounts Payable | 4.83M | 5.48M | 0 | 0 | 0 | 47.11M | 91.19M | 5.55M | 856.86M |
| Days Payables Outstanding | 7.42 | 7.74 | - | - | - | 46.27 | 76.51 | 3.13 | 433.03 |
| Short-Term Debt | 85M | 100M | 0 | 0 | 0 | 100M | 349.29M | 0 | 0 |
| Deferred Revenue (Current) | 336.3M | 352.46M | 355.48M | 474.75M | 618.06M | 745.11M | 665.02M | 737.41M | 778.43M |
| Other Current Liabilities | 0 | -5.48M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 1.53x | 1.34x | 1.74x | 1.86x | 1.77x | 1.27x | 1.24x | 2.93x | 2.86x |
| Quick Ratio | 1.47x | 1.30x | 1.66x | 1.76x | 1.65x | 1.17x | 1.13x | 2.74x | 2.67x |
| Cash Conversion Cycle | 79.41 | 82.71 | - | - | - | 129.33 | 119.56 | 195.65 | -214.51 |
| Total Non-Current Liabilities | 787.11M | 471.27M | 581.94M | 660.96M | 674.4M | 1.04B | 674.35M | 2.93B | 3.04B |
| Long-Term Debt | 644.37M | 345.29M | 346.02M | 346.79M | 347.59M | 648.08M | 299.77M | 2.48B | 2.48B |
| Capital Lease Obligations | 0 | 0 | 84.78M | 113.92M | 107.12M | 139.34M | 115.36M | 108.89M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 81.23M | 77.26M | 77.74M | 93.19M | 118.54M | 165.32M | 160.29M | 230.56M | 407.53M |
| Total Liabilities | 1.43B | 1.18B | 1.25B | 1.46B | 1.65B | 2.39B | 2.27B | 4.3B | 4.68B |
| Total Debt | 729.37M | 445.29M | 430.8M | 460.71M | 454.71M | 887.41M | 764.41M | 2.59B | 2.48B |
| Net Debt | 41.28M | -88.01M | -274.41M | -467.72M | -634.23M | 5.09M | -243.74M | -58.95M | -521.17M |
| Debt / Equity | 0.74x | 0.35x | 0.20x | 0.18x | 0.17x | 0.32x | 0.22x | 0.55x | 0.45x |
| Debt / EBITDA | 1.66x | 0.86x | 0.70x | 0.58x | 0.50x | 0.73x | 0.55x | 1.67x | 1.32x |
| Net Debt / EBITDA | 0.09x | -0.17x | -0.45x | -0.59x | -0.70x | 0.00x | -0.17x | -0.04x | -0.28x |
| Interest Coverage | 12.99x | 17.60x | 26.44x | 31.50x | 46.26x | 46.58x | 36.43x | 19.37x | 14.06x |
| Total Equity | 989.2M▲ 0% | 1.29B▲ 30.2% | 2.1B▲ 63.2% | 2.49B▲ 18.6% | 2.74B▲ 9.9% | 2.75B▲ 0.2% | 3.4B▲ 24.0% | 4.67B▲ 37.3% | 5.47B▲ 17.1% |
| Equity Growth % | 33.36% | 30.25% | 63.22% | 18.55% | 9.93% | 0.16% | 24.01% | 37.29% | 17.13% |
| Book Value per Share | 3.53 | 4.58 | 7.50 | 8.92 | 9.83 | 9.98 | 12.48 | 17.07 | 20.03 |
| Total Shareholders' Equity | 989.2M | 1.29B | 2.1B | 2.49B | 2.74B | 2.75B | 3.4B | 4.67B | 5.47B |
| Common Stock | 1.83B | 1.94B | 2.05B | 2.22B | 2.47B | 2.77B | 3.17B | 4.18B | 0 |
| Retained Earnings | 341M | 772.71M | 1.76B | 2.35B | 3.05B | 3.9B | 4.94B | 5.99B | 0 |
| Treasury Stock | -1.18B | -1.4B | -1.67B | -2.06B | -2.74B | -3.82B | -4.6B | -5.31B | 0 |
| Accumulated OCI | -3.63M | -24.78M | -36.93M | -17.43M | -33.31M | -91.64M | -94.75M | -190.45M | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CDNS Cash Flow Statement
Cadence Design Systems, Inc. (CDNS) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 470.74M | 604.75M | 729.6M | 904.92M | 1.1B | 1.24B | 1.35B | 1.26B | 1.73B |
| Operating CF Margin % | 24.23% | 28.29% | 31.23% | 33.73% | 36.84% | 34.87% | 32.99% | 27.16% | 32.64% |
| Operating CF Growth % | 5.81% | 28.47% | 20.64% | 24.03% | 21.66% | 12.8% | 8.64% | -6.57% | 37.14% |
| Net Income | 204.1M | 345.78M | 988.98M | 590.64M | 695.96M | 848.95M | 1.04B | 1.06B | 1.11B |
| Depreciation & Amortization | 115.52M | 118.72M | 123.35M | 150.14M | 130.7M | 135.43M | 140.37M | 195.01M | 233.84M |
| Stock-Based Compensation | 130.02M | 167.72M | 181.55M | 197.27M | 210.09M | 270.44M | 325.61M | 391.22M | 455.18M |
| Deferred Taxes | 79.93M | -11.68M | -576.74M | -26.12M | -43.18M | -107.61M | -36.51M | 0 | 66.05M |
| Other Non-Cash Items | -7.59M | 6.17M | 6.15M | 8.41M | 1.59M | 7.13M | -22.66M | -172.19M | -61.92M |
| Working Capital Changes | -51.25M | -21.96M | 6.31M | -15.42M | 105.8M | 87.55M | -98.78M | -208.97M | -73.25M |
| Change in Receivables | -28.41M | -87.08M | -4.72M | -25.93M | 2.01M | -138.47M | -11.75M | -180.29M | -274.89M |
| Change in Inventory | 5.03M | 752K | -33.02M | -25.68M | -39.03M | -23.07M | -65.89M | -82.77M | -91.03M |
| Change in Payables | -25.99M | 1.55M | 33.91M | 18.39M | 67.36M | 113.94M | 5.42M | 0 | 184.9M |
| Cash from Investing | -191.21M | -173.84M | -105.71M | -292.16M | -292.95M | -738.63M | -412.25M | -837.12M | -460.52M |
| Capital Expenditures | -57.9M | -61.5M | -74.61M | -94.81M | -66.88M | -124.22M | -102.34M | -142.54M | -141.87M |
| CapEx % of Revenue | 2.98% | 2.88% | 3.19% | 3.53% | 2.24% | 3.49% | 2.5% | 3.07% | 2.68% |
| Acquisitions | -143.25M | 0 | -338K | -197.56M | -226.2M | -613.78M | -198.35M | -737.57M | -429.54M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | -197.34M | -1.58M | 0 | -166K | 0 | 11.5M |
| Cash from Financing | -70.15M | -567.94M | -443.89M | -415.29M | -643.79M | -657.05M | -803.57M | 1.24B | -948.98M |
| Debt Issued (Net) | 38.87M | -288.87M | -100M | 0 | 0 | 300M | -100M | 1.85B | 0 |
| Equity Issued (Net) | -108.22M | -209.15M | -253.31M | -415.29M | -642.51M | -1.16B | -703.57M | -583.53M | -779.13M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -157.19M | -319.98M | -396.73M | -490.09M | -730.28M | -1.16B | -836.53M | -787.76M | -925.03M |
| Other Financing | -793K | -69.92M | -90.58M | 0 | -1.28M | 204.91M | 0 | -23.83M | -169.84M |
| Net Change in Cash | 222.85M▲ 0% | -154.79M▼ 169.5% | 171.91M▲ 211.1% | 223.22M▲ 29.8% | 160.51M▼ 28.1% | -206.62M▼ 228.7% | 125.83M▲ 160.9% | 1.64B▲ 1200.1% | 357.29M▼ 78.2% |
| Free Cash Flow | 412.84M▲ 0% | 543.25M▲ 31.6% | 655M▲ 20.6% | 810.11M▲ 23.7% | 1.03B▲ 27.6% | 1.12B▲ 8.1% | 1.25B▲ 11.5% | 1.12B▼ 10.3% | 1.59B▲ 41.9% |
| FCF Margin % | 21.25% | 25.41% | 28.04% | 30.2% | 34.6% | 31.38% | 30.48% | 24.09% | 29.96% |
| FCF Growth % | 5.54% | 31.59% | 20.57% | 23.68% | 27.65% | 8.08% | 11.54% | -10.32% | 41.94% |
| FCF per Share | 1.47 | 1.93 | 2.33 | 2.90 | 3.71 | 4.06 | 4.57 | 4.08 | 5.81 |
| FCF Conversion (FCF/Net Income) | 2.31x | 1.75x | 0.74x | 1.53x | 1.58x | 1.46x | 1.30x | 1.19x | 1.56x |
| Interest Paid | 24.16M | 23.02M | 17.84M | 19.78M | 15.95M | 21.12M | 34.93M | 43.22M | 0 |
| Taxes Paid | 59.07M | 68.04M | 41.95M | 105.92M | 146.42M | 233.24M | 253.7M | 509.98M | 0 |
CDNS Key Ratios
Cadence Design Systems, Inc. (CDNS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 19.18% | 23.58% | 30.36% | 58.32% | 25.7% | 26.6% | 30.95% | 33.86% | 26.13% | 21.85% |
| Return on Invested Capital (ROIC) | 17.68% | 24.29% | 26.64% | 24.36% | 25.13% | 28.28% | 33.16% | 31.75% | 26.06% | 25.86% |
| Gross Margin | 85.88% | 87.78% | 87.9% | 88.6% | 88.61% | 89.73% | 89.57% | 89.36% | 86.05% | 86.36% |
| Net Margin | 11.18% | 10.5% | 16.17% | 42.33% | 22.02% | 23.29% | 23.84% | 25.46% | 22.74% | 20.94% |
| Debt / Equity | 0.93x | 0.74x | 0.35x | 0.20x | 0.18x | 0.17x | 0.32x | 0.22x | 0.55x | 0.45x |
| Interest Coverage | 12.12x | 12.99x | 17.60x | 26.44x | 31.50x | 46.26x | 46.58x | 36.43x | 19.37x | 14.06x |
| FCF Conversion | 2.19x | 2.31x | 1.75x | 0.74x | 1.53x | 1.58x | 1.46x | 1.30x | 1.19x | 1.56x |
| Revenue Growth | 6.7% | 6.99% | 10.04% | 9.27% | 14.83% | 11.38% | 19.19% | 14.83% | 13.48% | 14.12% |
CDNS SEC Filings & Documents
Cadence Design Systems, Inc. (CDNS) SEC filings — annual & quarterly reports (10-K, 10-Q)
CDNS Frequently Asked Questions
Cadence Design Systems, Inc. (CDNS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Cadence Design Systems, Inc. (CDNS) reported $5.30B in revenue for fiscal year 2025. This represents a 614% increase from $741.5M in 1996.
Cadence Design Systems, Inc. (CDNS) grew revenue by 14.1% over the past year. This is steady growth.
Yes, Cadence Design Systems, Inc. (CDNS) is profitable, generating $1.11B in net income for fiscal year 2025 (20.9% net margin).
Dividend & Returns
Cadence Design Systems, Inc. (CDNS) has a return on equity (ROE) of 21.9%. This is excellent, indicating efficient use of shareholder capital.
Cadence Design Systems, Inc. (CDNS) generated $1.59B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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