Last 47 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 92.92 | 56.48 | 55.03 | 83.63 | 130.57 | 63.58 | 60.58 | 77.88 | 91.59 | 85.52 | 57.22 | 62.98 | 72.38 | 59.01 | 45.64 | 60.08 | 55.01 | 48.71 | 73.95 | 60.72 | 61.58 |
| — | -11.2% | -9.2% | +7.4% | +42.6% | -25.6% | +5.9% | +23.7% | +26.5% | +44.9% | +25.4% | +4.8% | +31.6% | +21.1% | -38.3% | -1.0% | -10.7% | -7.7% | +34.4% | +35.8% | +23.4% | |
| P/S Ratio | 19.65 | 12.90 | 14.81 | 17.96 | 16.48 | 14.00 | 15.19 | 15.27 | 19.84 | 21.10 | 17.36 | 15.60 | 16.39 | 14.04 | 12.18 | 12.45 | 12.00 | 12.72 | 16.77 | 14.18 | 13.19 |
| — | -7.9% | -2.5% | +17.6% | -16.9% | -33.6% | -12.5% | -2.1% | +21.1% | +50.2% | +42.5% | +25.3% | +36.5% | +10.4% | -27.3% | -12.2% | -9.0% | -5.6% | +33.4% | +30.2% | +28.6% | |
| P/B Ratio | 18.84 | 11.59 | 15.58 | 18.50 | 16.80 | 14.57 | 17.63 | 16.27 | 19.76 | 23.87 | 21.80 | 20.50 | 22.01 | 19.51 | 15.98 | 16.59 | 15.69 | 16.62 | 18.92 | 16.18 | 15.27 |
| — | -20.4% | -11.6% | +13.7% | -15.0% | -39.0% | -19.1% | -20.6% | -10.3% | +22.3% | +36.4% | +23.5% | +40.3% | +17.4% | -15.6% | +2.5% | +2.7% | +6.6% | +23.4% | +33.5% | +31.6% | |
| P/FCF | 65.57 | 61.95 | 41.62 | 86.81 | 63.04 | 37.50 | 50.98 | 48.41 | 166.01 | 104.54 | 77.87 | 42.67 | 40.64 | 59.61 | 48.36 | 41.19 | 34.26 | 36.09 | 65.16 | 38.37 | 26.23 |
| — | +65.2% | -18.4% | +79.3% | -62.0% | -64.1% | -34.5% | +13.4% | +308.5% | +75.4% | +61.0% | +3.6% | +18.6% | +65.2% | -25.8% | +7.3% | +30.6% | -30.3% | -28.8% | -1.5% | +29.7% | |
| EV / EBITDA | 54.97 | 37.68 | 39.69 | 47.15 | 48.90 | 41.96 | 40.31 | 45.81 | 61.92 | 73.45 | 48.89 | 48.10 | 47.87 | 40.19 | 43.99 | 38.73 | 31.98 | 31.77 | 57.59 | 45.81 | 42.96 |
| — | -10.2% | -1.5% | +2.9% | -21.0% | -42.9% | -17.5% | -4.8% | +29.4% | +82.7% | +11.1% | +24.2% | +49.7% | +26.5% | -23.6% | -15.5% | -25.6% | -22.9% | +37.9% | +33.4% | +26.6% | |
| EV / EBIT | 62.76 | 42.27 | 40.58 | 56.84 | 67.64 | 45.02 | 44.13 | 51.89 | 64.26 | 66.50 | 49.83 | 51.39 | 51.90 | 43.20 | 49.93 | 43.37 | 36.56 | 35.89 | 64.57 | 54.33 | 50.54 |
| — | -6.1% | -8.0% | +9.5% | +5.3% | -32.3% | -11.4% | +1.0% | +23.8% | +53.9% | -0.2% | +18.5% | +42.0% | +20.4% | -22.7% | -20.2% | -27.7% | -24.4% | +30.7% | +30.7% | +23.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 86.4% | 95.8% | 86.9% | 86.4% | 85.6% | 86.5% | 83.8% | 86.6% | 86.9% | 87.6% | 90.3% | 89.3% | 90.1% | 87.8% | 89.6% | 90.3% | 89.2% | 89.1% | 91.0% | 89.8% | 89.5% |
| — | +10.7% | +3.7% | -0.2% | -1.5% | -1.2% | -7.2% | -3.0% | -3.6% | -0.3% | +0.7% | -1.1% | +1.0% | -1.5% | -1.5% | +0.5% | -0.3% | +0.6% | +0.7% | +2.4% | +1.4% | |
| Operating Margin | 31.1% | 29.3% | 32.3% | 33.8% | 29.0% | 29.1% | 33.7% | 28.8% | 27.7% | 24.8% | 31.5% | 28.6% | 30.7% | 31.6% | 23.5% | 28.9% | 33.0% | 35.4% | 25.3% | 25.8% | 25.5% |
| — | +0.6% | -4.1% | +17.4% | +4.8% | +17.4% | +7.0% | +0.6% | -9.6% | -21.5% | +34.2% | -0.9% | -7.1% | -10.8% | -7.3% | +11.8% | +29.6% | +27.6% | +4.0% | +1.8% | +7.0% | |
| Net Margin | 20.9% | 22.8% | 27.0% | 21.4% | 12.5% | 22.0% | 25.1% | 19.6% | 21.6% | 24.5% | 30.3% | 24.9% | 22.6% | 23.7% | 26.7% | 20.6% | 21.8% | 26.1% | 22.8% | 23.5% | 21.4% |
| — | +3.4% | +7.4% | +9.5% | -42.0% | -10.3% | -17.2% | -21.2% | -4.4% | +3.7% | +13.5% | +20.4% | +3.9% | -9.3% | +16.9% | -12.1% | +1.8% | +2.6% | -0.1% | -3.2% | +4.1% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 21.9% | 5.6% | 7.3% | 5.6% | 3.3% | 5.8% | 7.4% | 5.4% | 5.9% | 7.1% | 9.9% | 8.4% | 7.6% | 8.5% | 8.8% | 7.0% | 6.9% | 8.6% | 6.6% | 6.8% | 6.2% |
| — | -3.7% | -1.3% | +4.3% | -44.2% | -18.5% | -25.9% | -36.1% | -22.4% | -16.5% | +12.7% | +20.9% | +8.9% | -0.6% | +34.1% | +2.0% | +12.6% | +15.1% | -7.5% | -1.4% | +3.6% | |
| ROA | 11.6% | 3.0% | 3.9% | 3.0% | 1.7% | 3.0% | 3.8% | 2.9% | 3.5% | 4.3% | 5.8% | 4.8% | 4.3% | 4.7% | 4.8% | 4.0% | 4.3% | 5.4% | 4.1% | 4.2% | 3.8% |
| — | -0.8% | +4.8% | +3.4% | -51.3% | -30.0% | -35.7% | -39.5% | -17.2% | -7.3% | +22.7% | +20.3% | +0.3% | -12.5% | +15.9% | -5.6% | +11.2% | +13.8% | -4.4% | +6.5% | +13.6% | |
| ROIC | 25.9% | 4.9% | 7.1% | 7.1% | 6.1% | 6.0% | 7.4% | 5.7% | 5.7% | 5.9% | 8.5% | 8.0% | 8.3% | 8.9% | 6.1% | 8.8% | 10.8% | 11.7% | 7.2% | 7.3% | 6.7% |
| — | -17.8% | -5.0% | +23.5% | +7.0% | +1.2% | -12.2% | -28.4% | -31.8% | -33.6% | +39.9% | -9.4% | -23.0% | -24.3% | -16.0% | +21.0% | +62.1% | +59.9% | -1.0% | +2.2% | +7.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.45 | 0.47 | 0.45 | 0.48 | 0.49 | 0.52 | 0.55 | 0.62 | 0.32 | 0.18 | 0.22 | 0.21 | 0.22 | 0.23 | 0.32 | 0.29 | 0.13 | 0.13 | 0.17 | 0.13 | 0.14 |
| — | -9.4% | -18.1% | -23.0% | +56.4% | +185.0% | +146.3% | +197.1% | +41.9% | -21.1% | -30.5% | -29.3% | +68.2% | +83.0% | +94.8% | +123.1% | -3.9% | -7.7% | -10.2% | -54.6% | -55.3% | |
| Debt / EBITDA | 1.32 | 5.98 | 4.64 | 4.88 | 5.79 | 6.00 | 5.06 | 6.97 | 3.95 | 2.25 | 2.02 | 1.97 | 1.95 | 1.91 | 3.56 | 2.76 | 1.10 | 0.98 | 2.05 | 1.52 | 1.57 |
| — | -0.3% | -8.3% | -30.0% | +46.4% | +166.7% | +150.4% | +254.6% | +103.2% | +17.9% | -43.2% | -28.9% | +77.1% | +94.6% | +74.1% | +82.0% | -30.1% | -32.7% | +0.3% | -54.9% | -57.2% | |
| Current Ratio | 2.86 | 1.47 | 2.86 | 3.05 | 2.82 | 3.07 | 2.93 | 2.45 | 1.43 | 1.32 | 1.24 | 1.44 | 1.37 | 1.44 | 1.27 | 1.33 | 1.59 | 1.81 | 1.77 | 1.70 | 1.57 |
| — | -52.2% | -2.6% | +24.5% | +97.0% | +133.4% | +136.0% | +69.6% | +4.3% | -8.4% | -1.9% | +8.6% | -13.6% | -20.4% | -28.3% | -21.9% | +1.1% | +6.0% | -4.8% | +9.5% | +10.4% | |
| Quick Ratio | 2.67 | 1.32 | 2.67 | 2.84 | 2.67 | 2.90 | 2.74 | 2.27 | 1.32 | 1.19 | 1.13 | 1.31 | 1.26 | 1.33 | 1.17 | 1.24 | 1.49 | 1.69 | 1.65 | 1.59 | 1.47 |
| — | -54.4% | -2.7% | +25.2% | +102.3% | +143.7% | +143.2% | +73.0% | +5.1% | -10.5% | -3.7% | +6.1% | -15.5% | -21.4% | -28.9% | -22.1% | +0.9% | +5.2% | -6.4% | +5.2% | +6.4% | |
| Interest Coverage | 14.06 | 14.54 | 17.74 | 14.53 | 10.69 | 13.22 | 15.60 | 14.61 | 25.46 | 36.67 | 41.28 | 34.11 | 34.62 | 35.72 | 24.18 | 47.18 | 64.69 | 76.44 | 46.65 | 45.97 | 43.46 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying CDNS stock.
Cadence Design Systems, Inc.'s current P/E is 92.9x. The average P/E over the last 4 quarters is 81.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Cadence Design Systems, Inc.'s current operating margin is 31.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Cadence Design Systems, Inc.'s business trajectory between earnings reports.