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Synopsys, Inc. (SNPS) 10-Year Financial Performance & Capital Metrics

SNPS • • Industrial / General
TechnologyInfrastructure SoftwareAI & Analytics PlatformsDigital Services & Consulting
AboutSynopsys, Inc. provides electronic design automation software products used to design and test integrated circuits. The company offers Fusion Design Platform that provides digital design implementation solutions; Verification Continuum Platform that provides virtual prototyping, static and formal verification, simulation, emulation, field programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions. It also provides intellectual property (IP) solutions for USB, PCI Express, DDR, Ethernet, SATA, MIPI, HDMI, and Bluetooth low energy applications; analog IP, including data converters and audio codecs; and system-on-chip (SoC) infrastructure IP, datapath and building block IP, and verification IP products, as well as mathematical and floating-point components, and Arm AMBA interconnect fabric and peripherals. In addition, the company offers logic libraries and embedded memories; configurable processor cores and application-specific instruction-set processor tools for embedded applications; IP subsystems for audio, sensor, and data fusion functionality; and security IP solutions. Further, it provides Platform Architect solutions for SoC architecture analysis and optimization; virtual prototyping solutions; and HAPS FPGA-based prototyping systems, as well as a series of tools used in the design of optical systems and photonic devices. Additionally, the company offers security testing, managed services, programs and professional services, and training that enable its customers to detect and remediate security vulnerabilities, and defects in the software development lifecycle, as well as manufacturing solutions. It serves electronics, financial services, automotive, medicine, energy, and industrial areas. The company was incorporated in 1986 and is headquartered in Mountain View, California.Show more
  • Revenue $7.05B +15.1%
  • EBITDA $1.69B -3.2%
  • Net Income $1.34B -40.9%
  • EPS (Diluted) 8.04 -44.6%
  • Gross Margin 74.26% -6.8%
  • EBITDA Margin 23.99% -15.9%
  • Operating Margin 12.97% -41.4%
  • Net Margin 18.96% -48.7%
  • ROE 7.16% -75.9%
  • ROIC 3.01% -83.3%
  • Debt/Equity 0.50 +565.2%
  • Interest Coverage 2.05 -94.7%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 15.0%
  • ✓FCF machine: 19.1% free cash flow margin
  • ✓Strong 5Y sales CAGR of 13.9%
  • ✓Good 3Y average ROE of 19.3%
  • ✓Healthy 5Y average net margin of 23.7%

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y12.19%
5Y13.87%
3Y15.19%
TTM7.9%

Profit (Net Income) CAGR

10Y19.46%
5Y15.02%
3Y10.74%
TTM33.31%

EPS CAGR

10Y18.85%
5Y13.49%
3Y8.53%
TTM32.47%

ROCE

10Y Avg12.63%
5Y Avg13.63%
3Y Avg12.7%
Latest3.33%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
SNPSSynopsys, Inc.97.23B508.1963.2115.12%31.07%7.23%1.39%0.50
VRNTVerint Systems Inc.1.24B20.5119.72-0.13%6.87%4.6%11.43%0.34
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CINTCI&T Inc86.65M4.734.01-80.35%7.34%4.65%67.41%0.53
RZLVREZOLVE AI PLC1.55B4.63-0.1929.46%-21.55%
UBXGU-BX Technology Ltd.44.8M1.98-4.21-45.29%-0.35%-1.89%0.05
VRARThe Glimpse Group, Inc.23.18M1.10-8.4619.58%-108904.7%-6.4%0.01
SUPXSuper X AI Technology Ltd437.62M13.89-180.39-52.72%-132.94%-99.32%0.05

Profit & Loss

Oct 2016Oct 2017Oct 2018Oct 2019Oct 2020Oct 2021Oct 2022Oct 2023Oct 2024Oct 2025
Sales/Revenue+2.43B2.73B3.12B3.36B3.68B4.2B4.62B5.33B6.13B7.05B
Revenue Growth %0.09%0.12%0.14%0.08%0.1%0.14%0.1%0.15%0.15%0.15%
Cost of Goods Sold+570.47M685.8M777.53M794.24M833.52M895.7M898.01M1.23B1.25B1.82B
COGS % of Revenue0.23%0.25%0.25%0.24%0.23%0.21%0.19%0.23%0.2%0.26%
Gross Profit+1.86B2.04B2.34B2.57B2.85B3.3B3.72B4.1B4.88B5.24B
Gross Margin %0.77%0.75%0.75%0.76%0.77%0.79%0.81%0.77%0.8%0.74%
Gross Profit Growth %0.1%0.1%0.15%0.1%0.11%0.16%0.13%0.1%0.19%0.07%
Operating Expenses+1.51B1.61B1.93B1.98B2.19B2.55B2.57B2.73B3.53B4.32B
OpEx % of Revenue0.62%0.59%0.62%0.59%0.6%0.61%0.56%0.51%0.58%0.61%
Selling, General & Admin668.33M746.09M885.54M862.11M915.94M1.04B956.28M1.1B1.43B1.84B
SG&A % of Revenue0.27%0.27%0.28%0.26%0.25%0.25%0.21%0.21%0.23%0.26%
Research & Development856.71M908.84M1.08B1.14B1.28B1.5B1.59B1.85B2.08B2.48B
R&D % of Revenue0.35%0.33%0.35%0.34%0.35%0.36%0.34%0.35%0.34%0.35%
Other Operating Expenses-16.32M-46.3M-35.52M-16.07M010.38M22.86M-221.68M16.24M0
Operating Income+351.94M433.21M407.58M582.05M656.27M753.64M1.15B1.37B1.36B914.93M
Operating Margin %0.14%0.16%0.13%0.17%0.18%0.18%0.25%0.26%0.22%0.13%
Operating Income Growth %0.13%0.23%-0.06%0.43%0.13%0.15%0.52%0.19%-0.01%-0.33%
EBITDA+558.97M627.72M609.64M786.24M870.38M1.05B1.38B1.71B1.75B1.69B
EBITDA Margin %0.23%0.23%0.2%0.23%0.24%0.25%0.3%0.32%0.29%0.24%
EBITDA Growth %0.07%0.12%-0.03%0.29%0.11%0.2%0.32%0.24%0.02%-0.03%
D&A (Non-Cash Add-back)207.03M194.51M202.06M204.18M214.1M292.19M228.41M344.82M392.34M777.7M
EBIT333.32M390.4M379.15M557.16M643.3M808.88M1.11B1.31B1.55B1.84B
Net Interest Income+-56K-62K-10.28M-4.8M-1.58M-923K6.85M35.5M31.86M-446.73M
Interest Income3.71M7.24M5.32M6.86M3.56M2.44M8.54M36.67M67.02M0
Interest Expense3.77M7.3M15.61M11.66M5.14M3.37M1.7M1.18M35.16M446.73M
Other Income/Expense-22.39M-50.12M-44.04M-36.55M-18.11M51.88M-45.26M-59.94M158.15M478.21M
Pretax Income+329.55M383.1M363.54M545.51M638.16M805.51M1.1B1.31B1.51B1.39B
Pretax Margin %0.14%0.14%0.12%0.16%0.17%0.19%0.24%0.25%0.25%0.2%
Income Tax+62.72M246.53M-68.97M13.14M-25.29M49.16M139.38M90.19M99.72M55.99M
Effective Tax Rate %0.81%0.36%1.19%0.98%1.04%0.94%0.89%0.94%1.5%0.96%
Net Income+266.83M136.56M432.52M532.37M664.35M757.52M984.59M1.23B2.26B1.34B
Net Margin %0.11%0.05%0.14%0.16%0.18%0.18%0.21%0.23%0.37%0.19%
Net Income Growth %0.18%-0.49%2.17%0.23%0.25%0.14%0.3%0.25%0.84%-0.41%
Net Income (Continuing)266.83M136.56M432.52M532.37M663.45M756.36M964.07M1.22B1.41B1.34B
Discontinued Operations00000014.37M2.84M821.67M-3.9M
Minority Interest04.1M5.86M5.86M4.96M3.81M43.47M36.99M32.5M-587K
EPS (Diluted)+1.730.882.823.454.274.816.297.9214.518.04
EPS Growth %0.21%-0.49%2.2%0.22%0.24%0.13%0.31%0.26%0.83%-0.45%
EPS (Basic)1.760.912.903.554.404.966.448.0814.788.13
Diluted Shares Outstanding154.72M154.87M153.39M154.19M155.71M157.34M156.49M155.19M155.94M161.68M
Basic Shares Outstanding152.02M150.46M149.04M149.87M151.13M152.7M153M152.15M153.14M160.17M
Dividend Payout Ratio----------

Balance Sheet

Oct 2016Oct 2017Oct 2018Oct 2019Oct 2020Oct 2021Oct 2022Oct 2023Oct 2024Oct 2025
Total Current Assets+1.72B1.68B1.54B1.74B2.55B2.81B3.01B3.43B6.47B6.01B
Cash & Short-Term Investments1.12B1.05B723.12M728.6M1.24B1.58B1.57B1.59B4.05B2.96B
Cash Only976.62M1.05B723.12M728.6M1.24B1.43B1.42B1.43B3.9B2.89B
Short-Term Investments140.69M0000147.95M147.91M151.64M153.87M72.93M
Accounts Receivable438.87M451.14M554.22M553.89M813.06M568.5M796.09M856.66M934.47M1.51B
Days Sales Outstanding65.8960.3764.8460.1880.5449.4162.9558.6955.6677.89
Inventory11.01M30.18M122.41M141.52M192.33M229.02M211.93M325.59M361.85M365.19M
Days Inventory Outstanding7.0416.0657.4665.0484.2293.3386.1496.41106.0673.4
Other Current Assets49.73M48.26M82.59M24.86M000662.77M1.12B1.18B
Total Non-Current Assets+3.52B3.71B4.6B4.67B5.48B5.94B6.41B6.9B6.6B42.21B
Property, Plant & Equipment257.04M266.01M309.31M429.53M949.64M965.65M1.04B1.11B1.13B1.4B
Fixed Asset Turnover9.46x10.25x10.09x7.82x3.88x4.35x4.43x4.80x5.43x5.04x
Goodwill2.52B2.71B3.14B3.17B3.37B3.58B3.84B3.35B3.45B26.9B
Intangible Assets266.66M253.84M360.4M279.37M254.32M279.13M386.45M239.58M195.16M12.68B
Long-Term Investments0000000000
Other Non-Current Assets199.56M243M385.05M396.03M414.23M510.7M463.69M1.35B583.7M1.12B
Total Assets+5.24B5.4B6.15B6.41B8.03B8.75B9.42B10.33B13.07B48.22B
Asset Turnover0.46x0.51x0.51x0.52x0.46x0.48x0.49x0.52x0.47x0.15x
Asset Growth %0.04%0.03%0.14%0.04%0.25%0.09%0.08%0.1%0.27%2.69%
Total Current Liabilities+1.71B1.61B2.1B1.75B2.14B2.41B2.77B2.99B2.65B3.72B
Accounts Payable13.74M19.95M85.05M19.82M30M27.41M37.58M154.61M207.33M1.33B
Days Payables Outstanding8.7910.6239.929.1113.1411.1715.2745.7860.77266.55
Short-Term Debt205M9.92M343.77M17.61M27.08M74.99M000150.32M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities0000000286.24M00
Current Ratio1.00x1.04x0.73x0.99x1.19x1.16x1.09x1.15x2.44x1.62x
Quick Ratio0.99x1.02x0.68x0.91x1.10x1.07x1.01x1.04x2.30x1.52x
Cash Conversion Cycle64.1465.8182.38116.11151.62131.56133.82109.31100.95-115.25
Total Non-Current Liabilities+330.27M502.58M558.54M563.83M977.77M1.04B1.08B1.16B1.4B16.17B
Long-Term Debt0134.06M125.53M120.09M100.82M25.09M20.82M18.08M15.6M13.46B
Capital Lease Obligations0000462.41M487M581.27M579.69M574.07M680.7M
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities250.42M285.27M316.15M353.64M309.69M391.43M327.83M414.79M469.74M1.65B
Total Liabilities2.05B2.12B2.66B2.32B3.12B3.45B3.86B4.15B4.05B19.9B
Total Debt+205M143.99M469.3M137.71M663.49M666.77M656.37M677.6M684.46M14.29B
Net Debt-771.62M-904.37M-253.81M-590.89M-572.16M-766.07M-761.24M-756.37M-3.21B11.41B
Debt / Equity0.06x0.04x0.13x0.03x0.14x0.13x0.12x0.11x0.08x0.50x
Debt / EBITDA0.37x0.23x0.77x0.18x0.76x0.64x0.48x0.40x0.39x8.44x
Net Debt / EBITDA-1.38x-1.44x-0.42x-0.75x-0.66x-0.73x-0.55x-0.44x-1.84x6.74x
Interest Coverage93.33x59.32x26.12x49.92x127.68x223.96x676.51x1159.09x38.56x2.05x
Total Equity+3.2B3.28B3.49B4.09B4.91B5.3B5.56B6.18B9.02B28.33B
Equity Growth %0.02%0.03%0.06%0.17%0.2%0.08%0.05%0.11%0.46%2.14%
Book Value per Share20.6521.1822.7226.5231.5533.6835.5339.8557.86175.20
Total Shareholders' Equity3.2B3.28B3.48B4.08B4.91B5.3B5.52B6.15B8.99B28.33B
Common Stock1.51M1.5M1.49M1.5M1.53M1.53M1.52M1.52M1.54M1.86M
Retained Earnings1.95B2.14B2.54B3.16B3.8B4.55B5.53B6.74B8.98B10.32B
Treasury Stock-294.05M-426.21M-597.68M-625.64M-488.61M-782.87M-1.27B-1.68B-1.03B-398.28M
Accumulated OCI-104.58M-65.98M-113.18M-92.45M-54.07M-49.6M-234.28M-196.41M-180.38M-232.41M
Minority Interest04.1M5.86M5.86M4.96M3.81M43.47M36.99M32.5M-587K

Cash Flow

Oct 2016Oct 2017Oct 2018Oct 2019Oct 2020Oct 2021Oct 2022Oct 2023Oct 2024Oct 2025
Cash from Operations+586.63M634.57M424.23M800.51M991.31M1.49B1.74B1.7B1.41B1.52B
Operating CF Margin %0.24%0.23%0.14%0.24%0.27%0.36%0.38%0.32%0.23%0.22%
Operating CF Growth %0.18%0.08%-0.33%0.89%0.24%0.51%0.16%-0.02%-0.17%0.08%
Net Income266.83M136.56M432.52M532.37M664.35M757.52M978.44M1.23B2.24B1.34B
Depreciation & Amortization207.03M189.44M209.21M201.68M209.99M203.68M228.41M247.12M295.06M777.7M
Stock-Based Compensation97.58M108.29M140.03M155M248.58M345.27M459.03M563.29M692.32M0
Deferred Taxes-14.04M123.05M-210.31M-82.62M-111.53M-128.58M-36.91M-211.04M-407.65M-470.69M
Other Non-Cash Items3.65M3.46M3.27M70.37M168.38M184.56M169.28M201.36M-700.94M493.71M
Working Capital Changes25.58M73.76M-150.49M-76.28M-188.46M130.18M-59.34M-327.34M-707.57M-618.24M
Change in Receivables-43.27M2.3M-95.78M-8.57M-236.81M201.71M-251.39M-178.43M-103.46M-174.14M
Change in Inventory-41.41M-69.19M-66.51M-19.24M-55.02M-48.05M1.32M-123.75M-51.45M-22.52M
Change in Payables18.98M137.63M49.04M-193.95M-59.47M-212.66M-34.07M170.5M187.56M-13.49M
Cash from Investing+-142.68M-189.28M-743.52M-235.88M-360.42M-549.03M-572.62M-482.1M1.22B-15.91B
Capital Expenditures-71.04M-73.55M-101.93M-202.39M-158.76M-95.74M-139.08M-191.82M-123.16M-169.45M
CapEx % of Revenue0.03%0.03%0.03%0.06%0.04%0.02%0.03%0.04%0.02%0.02%
Acquisitions----------
Investments----------
Other Investing02.1M1.66M00-800K-1.2M01.5B-365K
Cash from Financing+-306.94M-373.12M5.14M-561.89M-140.61M-748.75M-1.12B-1.2B-181.3M13.39B
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing-32.22M-58.83M-44.01M-57.91M-83.54M-178.32M-177.42M-286.53M-410.9M-308.36M
Net Change in Cash----------
Free Cash Flow+515.6M561.01M322.31M598.13M832.55M1.4B1.6B1.51B1.28B1.35B
FCF Margin %0.21%0.21%0.1%0.18%0.23%0.33%0.35%0.28%0.21%0.19%
FCF Growth %0.27%0.09%-0.43%0.86%0.39%0.68%0.15%-0.06%-0.15%0.05%
FCF per Share3.333.622.103.885.358.8810.229.748.238.34
FCF Conversion (FCF/Net Income)2.20x4.65x0.98x1.50x1.49x1.97x1.77x1.38x0.62x1.14x
Interest Paid3.71M7.09M15.31M12.36M5.14M3.37M1.26M996K814K0
Taxes Paid69.45M103.48M252.52M75.74M70.71M149.76M167.77M97.96M68.01M0

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)8.43%4.22%12.79%14.06%14.76%14.84%18.14%20.95%29.77%7.16%
Return on Invested Capital (ROIC)10.72%13.54%10.9%12.97%12.56%12.74%18.47%20.03%18.09%3.01%
Gross Margin76.53%74.86%75.08%76.36%77.38%78.67%80.54%76.86%79.68%74.26%
Net Margin10.98%5.01%13.86%15.85%18.03%18.04%21.33%23.08%36.94%18.96%
Debt / Equity0.06x0.04x0.13x0.03x0.14x0.13x0.12x0.11x0.08x0.50x
Interest Coverage93.33x59.32x26.12x49.92x127.68x223.96x676.51x1159.09x38.56x2.05x
FCF Conversion2.20x4.65x0.98x1.50x1.49x1.97x1.77x1.38x0.62x1.14x
Revenue Growth8.88%12.2%14.38%7.67%9.69%13.98%9.9%15.43%15.01%15.12%

Revenue by Segment

2015201620172018201920202021202220232024
License and Maintenance---2.3B2.2B2.37B2.63B2.99B3.38B3.22B
License and Maintenance Growth-----4.57%7.61%11.35%13.67%13.02%-4.71%
License---357.7M619.79M735.57M861.06M1.23B1.43B1.8B
License Growth----73.27%18.68%17.06%42.47%16.52%26.09%
Technology Service---460.04M542.94M584.51M709.37M861.03M1.03B1.1B
Technology Service Growth----18.02%7.66%21.36%21.38%19.58%6.92%
Product-------4.22B4.81B-
Product Growth--------14.04%-

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES1.14B1.21B1.36B1.51B1.68B1.77B1.95B2.35B2.79B2.74B
UNITED STATES Growth-5.43%12.56%11.11%11.14%5.86%10.01%20.38%18.57%-1.66%
Other Countries---------1.01B
Other Countries Growth----------
CHINA-----420.83M562.71M795.4M886.26M989.52M
CHINA Growth------33.71%41.35%11.42%11.65%
KOREA, REPUBLIC OF----353.36M389.01M427.47M531.54M634.8M773.02M
KOREA, REPUBLIC OF Growth-----10.09%9.89%24.35%19.43%21.77%
Europe300.35M287.38M308.42M369.13M349.03M385.29M440.82M493.43M595.63M614.58M
Europe Growth--4.32%7.32%19.68%-5.44%10.39%14.41%11.93%20.71%3.18%
Asia Pacific And Other579.25M689.31M811.47M960.37M709.45M---939.86M-
Asia Pacific And Other Growth-19.00%17.72%18.35%-26.13%-----
JAPAN218.79M239.96M247.63M283.34M272.68M-----
JAPAN Growth-9.68%3.20%14.42%-3.76%-----

Frequently Asked Questions

Valuation & Price

Synopsys, Inc. (SNPS) has a price-to-earnings (P/E) ratio of 63.2x. This suggests investors expect higher future growth.

Growth & Financials

Synopsys, Inc. (SNPS) reported $6.43B in revenue for fiscal year 2025. This represents a 266% increase from $1.76B in 2012.

Synopsys, Inc. (SNPS) grew revenue by 15.1% over the past year. This is strong growth.

Yes, Synopsys, Inc. (SNPS) is profitable, generating $2.00B in net income for fiscal year 2025 (19.0% net margin).

Dividend & Returns

Synopsys, Inc. (SNPS) has a return on equity (ROE) of 7.2%. This is below average, suggesting room for improvement.

Synopsys, Inc. (SNPS) generated $1.30B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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