Cadence Design Systems
CDNS
356.12
-3.43
-0.95%
Cadence Design Systems
US · CDNS
#287 by market cap
Listed 1970
356.12
-3.43
-0.95%
Live - 5344 symbols - heartbeat 68s ago
· 2026-10-08 07:00
Pre-market
352.74
-0.95%
After-hours
355.00
-0.31%
Overnight
353.27
-0.80%
- Market cap
- 98.07B
- P/E (TTM)i
- 70.80
- P/Bi
- 14.30
- EPSi
- 4.06
- Div yieldi
- 0.00%
- 52W posi
- 61%
Reader sentiment
Are you bullish or bearish on CDNS?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 14.97, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +14.12% YoY
Margins
- Gross margin
- 86.36%
- Operating margin
- 31.15%
- Net margin
- 20.94%
Key ratios & quality
- PEG ratioi
- 7.60
- Altman Z-Scorei
- 14.97
PEG uses trailing P/E against the 3-year net income growth rate (9.31%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2019 | 2020 | 2021 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.14B | 2.34B | 2.68B | 2.99B | 3.56B | 4.09B | 4.64B | 5.30B |
| Gross profit | 1.88B | 2.07B | 2.38B | 2.68B | 3.19B | 3.65B | 3.99B | 4.57B |
| Selling & admin expenses | 573.08M | 621.48M | 670.89M | 749.28M | 846.34M | 932.75M | 1.03B | 1.12B |
| Research & development | 884.82M | 935.94M | 1.03B | 1.13B | 1.25B | 1.44B | 1.55B | 1.77B |
| Operating profit | 407.30M | 500.42M | 654.77M | 778.04M | 1.07B | 1.26B | 1.38B | 1.65B |
| Pretax profit | 376.39M | 478.97M | 632.75M | 768.44M | 1.05B | 1.28B | 1.40B | 1.52B |
| Tax | 30.61M | -510.01M | 42.10M | 72.48M | 196.41M | 240.78M | 340.34M | 413.16M |
| Net profit | 345.78M | 988.98M | 590.64M | 695.96M | 848.95M | 1.04B | 1.06B | 1.11B |
| Basic EPS | 1 | 4 | 2 | 3 | 3 | 4 | 4 | 4 |
| Diluted EPS | 1.23 | 3.53 | 2.11 | 2.50 | 3.09 | 3.82 | 3.85 | 4.06 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 1.24B | 1.28B | 1.34B | 1.44B | 1.47B | 1.58B |
| Gross profit | 1.08B | 1.09B | 1.16B | 1.25B | 1.26B | 1.35B |
| Selling & admin expenses | 265.80M | 269.62M | 270.60M | 310.00M | 299.70M | 329.58M |
| Research & development | 439.10M | 442.06M | 423.03M | 464.58M | 508.44M | 531.27M |
| Operating profit | 361.38M | 370.39M | 452.79M | 465.23M | 431.34M | 449.96M |
| Pretax profit | 355.69M | 280.61M | 392.78M | 492.96M | 428.10M | 510.23M |
| Tax | 82.11M | 120.56M | 105.66M | 104.83M | 92.44M | 143.16M |
| Net profit | 273.58M | 160.05M | 287.12M | 388.14M | 335.66M | 367.08M |
| Basic EPS | 1 | 1 | 1 | 1 | 1 | 1 |
| Diluted EPS | 1.00 | 0.59 | 1.05 | 1.42 | 1.23 | 1.33 |
Balance sheet
| Line item | 2019 | 2020 | 2021 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 951.09M | 1.17B | 1.48B | 1.72B | 1.71B | 1.98B | 4.02B | 4.67B |
| Cash & ST investments | 533.30M | 705.21M | 928.43M | 1.09B | 886.82M | 1.14B | 2.78B | 3.16B |
| Inventory | 28.16M | 55.80M | 75.96M | 115.72M | 128.01M | 181.66M | 257.71M | 303.55M |
| Total assets | 2.47B | 3.36B | 3.95B | 4.39B | 5.14B | 5.67B | 8.97B | 10.15B |
| Total current liabilities | 708.98M | 672.39M | 796.81M | 971.23M | 1.35B | 1.59B | 1.37B | 1.64B |
| Short-term debt | 100.00M | -- | -- | -- | 100.00M | 349.29M | -- | -- |
| Long-term debt | 345.29M | 346.02M | 346.79M | 347.59M | 648.08M | 299.77M | 2.48B | 2.48B |
| Total liabilities | 1,180,253,000.00 | 1,254,331,000.00 | 1,457,767,000.00 | 1,645,624,000.00 | 2,391,958,000.00 | 2,265,220,000.00 | 4,300,904,000.00 | 4,678,967,000.00 |
| Total equity | 1.29B | 2.10B | 2.49B | 2.74B | 2.75B | 3.40B | 4.67B | 5.47B |
| Retained earnings | 772.71M | 1.76B | 2.35B | 3.05B | 3.90B | 4.94B | 5.99B | 7.10B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 4.00B | 4.22B | 4.29B | 4.67B | 3.18B | 3.22B |
| Cash & ST investments | 2.78B | 2.82B | 2.75B | 3.16B | 1.41B | 1.44B |
| Inventory | 225.62M | 226.16M | 286.19M | 303.55M | 317.95M | 390.38M |
| Total assets | 9.01B | 9.51B | 9.60B | 10.15B | 12.10B | 12.08B |
| Total current liabilities | 1.30B | 1.50B | 1.41B | 1.64B | 2.16B | 1.85B |
| Short-term debt | -- | -- | -- | -- | 425.00M | -- |
| Long-term debt | 2.48B | 2.48B | 2.48B | 2.48B | 2.48B | 2.48B |
| Total liabilities | 4,237,229,000.00 | 4,502,160,000.00 | 4,400,269,000.00 | 4,678,967,000.00 | 5,536,891,000.00 | 5,222,362,000.00 |
| Total equity | 4.78B | 5.01B | 5.20B | 5.47B | 6.56B | 6.86B |
| Retained earnings | 6.27B | 6.43B | 6.71B | 7.10B | 7.44B | 7.80B |
Cash flow
| Line item | 2019 | 2020 | 2021 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 604.75M | 729.60M | 904.92M | 1.10B | 1.24B | 1.35B | 1.26B | 1.73B |
| Depreciation & amortization | 118.72M | 123.35M | 150.14M | 130.70M | 135.43M | 145.74M | 195.02M | 233.84M |
| Free cash flow | 543.25M | 655.00M | 810.11M | 1.03B | 1.12B | 1.25B | 1.12B | 1.59B |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -279.07M | -343.89M | -415.29M | -642.51M | -1.06B | -703.57M | -583.53M | -948.98M |
| Ending cash balance | 533.30M | 705.21M | 928.43M | 1.09B | 882.33M | 1.01B | 2.64B | 3.00B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 487.02M | 377.60M | 310.66M | 553.50M | 355.78M | 634.93M |
| Depreciation & amortization | 51.47M | 57.75M | 55.75M | 68.87M | 84.37M | 118.31M |
| Free cash flow | 463.96M | 333.52M | 276.98M | 512.45M | 306.96M | 575.33M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -345.78M | -195.24M | -194.06M | -213.89M | -250.48M | -201.40M |
| Ending cash balance | 2.78B | 2.82B | 2.75B | 3.00B | 1.41B | 1.44B |
Returns & efficiency
| Line item | 2019 | 2020 | 2021 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 30.36 | 58.32 | 25.70 | 26.60 | 30.95 | 33.86 | 26.13 | 21.85 |
| ROA %i | 14.15 | 33.95 | 16.16 | 16.70 | 17.83 | 19.27 | 14.42 | 11.59 |
| ROIC %i | 20.83 | 47.79 | 22.10 | 23.06 | 24.81 | 26.83 | 19.24 | 14.59 |
| 5-year avg ROE %i | 20.90 | 30.02 | 31.43 | 32.91 | 34.39 | 35.09 | 28.65 | 27.88 |
| EBIT margin %i | 18.69 | 21.31 | 24.36 | 26.28 | 29.99 | 32.23 | 31.71 | 30.94 |
| FCF / sales %i | 25.41 | 28.04 | 30.20 | 34.60 | 31.38 | 30.48 | 24.09 | 29.96 |
| Current ratioi | 1.34 | 1.74 | 1.86 | 1.77 | 1.27 | 1.24 | 2.93 | 2.86 |
| Quick ratioi | 1.17 | 1.50 | 1.59 | 1.47 | 1.02 | 1.02 | 2.53 | 2.51 |
| Debt / assetsi | 18.04 | 12.83 | 11.66 | 10.37 | 17.27 | 13.48 | 28.80 | 25.77 |
| LT debt / equityi | 26.80 | 20.49 | 18.48 | 16.59 | 28.68 | 12.19 | 55.31 | 47.80 |
| Interest coveragei | 17.27 | 26.44 | 31.50 | 46.26 | 46.58 | 36.43 | 19.37 | 14.06 |
| Revenue CAGR (3Y) %i | 7.90 | 8.76 | 11.35 | 11.81 | 15.09 | 15.09 | 15.81 | 14.14 |
| Net income CAGR (3Y) %i | 11.06 | 69.50 | 42.50 | 26.26 | -4.96 | 20.80 | 14.89 | 9.31 |
| FCF CAGR (3Y) %i | 17.67 | 18.75 | 25.20 | 23.93 | 19.50 | 15.45 | 2.64 | 12.39 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 25.92 | 21.84 | 21.74 | 21.85 | 20.66 | 23.23 |
| ROA %i | 14.68 | 12.09 | 11.31 | 11.59 | 11.09 | 12.77 |
| ROIC %i | 19.68 | 16.06 | 14.55 | 14.59 | 13.73 | 16.64 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 31.55 | 29.84 | 30.36 | 30.94 | 30.99 | 33.39 |
| FCF / sales %i | 28.28 | 31.15 | 28.37 | 29.96 | 25.86 | 28.64 |
| Current ratioi | 3.07 | 2.82 | 3.05 | 2.86 | 1.47 | 1.74 |
| Quick ratioi | 2.58 | 2.33 | 2.49 | 2.51 | 1.13 | 1.36 |
| Debt / assetsi | 27.48 | 26.06 | 25.83 | 25.77 | 25.49 | 21.95 |
| LT debt / equityi | 51.86 | 49.50 | 47.69 | 47.80 | 40.51 | 38.66 |
| Interest coveragei | 15.95 | 13.50 | 13.53 | 14.06 | 14.39 | 15.57 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Core Electronic Design Automation (EDA) is the largest reported line at 68.00% of revenue, across 3 reported segments.
- System Design and Analysis follows at 17.00%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Core Electronic Design Automation (EDA)68.00%
System Design and Analysis17.00%
Semiconductor Intellectual Property (IP)15.00%
Quote time 2026-10-08 07:00:15 · For reference only, not investment advice and not tailored to your situation.