Saturday 17 October 2026
Export CDNS’s income statement to Excel — free account
Cadence Design Systems, Inc.
CDNS Technology Software Application
Cadence Design Systems, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.3 billion, up 14.1% from fiscal 2024. In the quarter to June 2026, revenue grew 24.2%, EPS grew 127.1%, free cash flow grew 72.5% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years.
319.51
4.87
−1.50%
Follow CDNS
| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
35.69 | 56.07 | 34.51 | 19.21 | 63.46 | 73.08 | 51.00 | 68.11 | 77.24 | 76.43 |
Piotroski F-Score |
6 | 8 | 7 | 7 | 6 | 7 | 6 | 7 | 4 | 5 |
P/S ratio |
3.97 | 5.89 | 5.57 | 8.11 | 13.92 | 17.06 | 12.16 | 17.32 | 17.56 | 16.01 |
Altman Z-Score |
4.59 | 6.39 | 8.00 | 11.16 | 17.63 | 21.03 | 13.46 | 22.18 | 13.67 | 13.22 |
P/FCF ratio |
18.39 | 27.71 | 21.91 | 28.93 | 46.10 | 49.21 | 38.74 | 56.81 | 72.90 | 53.45 |
Altman Z″-Score (non-manufacturers) |
1.94 | 3.00 | 3.89 | 5.43 | 5.97 | 6.32 | 5.54 | 6.35 | 6.26 | 6.46 |
Beneish M-Score |
(3.18) | (2.83) | (2.41) | (1.95) | (2.74) | (2.93) | (2.49) | (2.67) | (2.40) | (2.43) |
P/Operating CF |
36.62 | 90.19 | 90.24 | 118.97 | 275.56 | 236.12 | 164.22 | 260.28 | 184.63 | 153.23 |
P/B ratio |
9.72 | 11.57 | 9.24 | 9.01 | 14.98 | 18.60 | 15.77 | 20.80 | 17.44 | 15.49 |
Price to Tangible BV |
0.00 | 257.94 | 29.70 | 14.94 | 24.89 | 32.28 | 42.60 | 46.24 | 47.93 | 42.26 |
EV/Sales |
4.09 | 5.91 | 5.53 | 7.97 | 13.83 | 16.82 | 12.12 | 17.23 | 17.60 | 15.98 |
EV/EBITDA |
20.34 | 26.06 | 22.89 | 30.25 | 46.84 | 54.47 | 35.76 | 50.45 | 52.77 | 49.21 |
EV/Operating CF |
16.71 | 24.39 | 19.53 | 25.52 | 41.01 | 45.64 | 34.75 | 52.23 | 64.79 | 48.96 |
EV/FCF |
18.96 | 27.81 | 21.75 | 28.43 | 45.81 | 48.52 | 38.62 | 56.52 | 73.06 | 53.34 |
Quick Ratio |
1.07 | 1.37 | 1.17 | 1.50 | 1.59 | 1.47 | 1.02 | 0.94 | 2.43 | 2.41 |
Current Ratio |
1.20 | 1.53 | 1.34 | 1.74 | 1.86 | 1.77 | 1.27 | 1.24 | 2.93 | 2.86 |
Net Debt/EBITDA |
0.62 | 0.09 | (0.17) | (0.54) | (0.69) | (0.78) | (0.11) | (0.26) | (0.11) | (0.30) |
Debt/Assets |
33.07% | 30.16% | 18.04% | 11.08% | 9.64% | 8.49% | 14.56% | 11.45% | 27.59% | 24.43% |
Debt/Equity |
0.93 | 0.74 | 0.35 | 0.18 | 0.15 | 0.14 | 0.27 | 0.19 | 0.53 | 0.45 |
Asset Turnover |
0.82 | 0.86 | 0.87 | 0.80 | 0.73 | 0.72 | 0.75 | 0.76 | 0.63 | 0.55 |
Operating CF/Net income |
2.19 | 2.31 | 1.75 | 0.74 | 1.53 | 1.58 | 1.46 | 1.30 | 1.19 | 1.56 |
Capex/Depreciation |
(0.44) | (0.50) | (0.51) | (0.60) | (0.65) | (0.47) | (0.93) | (0.71) | (0.72) | (0.62) |
Interest Coverage |
10.35 | 12.62 | 17.12 | 26.12 | 31.11 | 45.88 | 46.82 | 34.58 | 17.77 | 12.80 |
| 19.18% | 23.58% | 30.36% | 58.32% | 25.70% | 26.60% | 30.95% | 33.86% | 26.13% | 21.85% | |
| 9.14% | 9.04% | 14.15% | 33.95% | 16.16% | 16.70% | 17.83% | 19.27% | 14.42% | 11.59% | |
ROIC |
15.83% | 19.65% | 20.63% | 17.37% | 20.74% | 24.05% | 25.70% | 25.68% | 18.74% | 18.83% |
Return on Tangible Assets |
57.19% | 34.66% | 69.89% | 127.97% | 59.49% | 66.25% | 116.21% | 132.03% | 34.00% | 31.22% |
Average Days of Receivables |
31.59 | 35.77 | 50.72 | 47.58 | 46.05 | 41.24 | 49.88 | 43.66 | 53.51 | 65.12 |
Research and Development Expense of Revenue |
40.49% | 41.39% | 41.38% | 40.06% | 38.53% | 37.96% | 35.14% | 35.25% | 33.38% | 33.39% |
Selling, General and Administrative Expense of Revenue |
28.65% | 28.48% | 26.80% | 26.60% | 25.01% | 25.07% | 23.76% | 22.81% | 22.22% | 21.07% |
Intangible Assets out of Total Assets |
0.40 | 0.39 | 0.36 | 0.25 | 0.25 | 0.26 | 0.34 | 0.33 | 0.33 | 0.34 |
Share Based Compensation of Revenue |
6.01% | 6.69% | 7.84% | 7.77% | 7.35% | 7.03% | 7.59% | 7.96% | 8.43% | 8.59% |
Graham Net Nets |
(0.09) | (0.04) | (0.02) | 0.00 | 0.00 | 0.00 | (0.02) | 0.00 | 0.00 | 0.00 |
Graham Number |
6.45 | 7.83 | 11.55 | 25.00 | 20.99 | 23.98 | 26.70 | 33.13 | 38.84 | 43.09 |
Earnings Yield |
2.80% | 1.78% | 2.90% | 5.20% | 1.58% | 1.37% | 1.96% | 1.47% | 1.29% | 1.31% |
Free Cash Flow Yield |
5.44% | 3.61% | 4.56% | 3.46% | 2.17% | 2.03% | 2.58% | 1.76% | 1.37% | 1.87% |
Revenue per Share |
6.38 | 7.14 | 7.81 | 8.55 | 9.80 | 10.93 | 13.13 | 15.18 | 17.11 | 19.52 |
Operating CF per Share |
1.56 | 1.73 | 2.21 | 2.67 | 3.31 | 4.03 | 4.58 | 5.01 | 4.65 | 6.37 |
Capex per Share |
(0.19) | (0.21) | (0.22) | (0.27) | (0.35) | (0.24) | (0.46) | (0.38) | (0.53) | (0.52) |
Free Cash Flow per Share |
1.38 | 1.52 | 1.98 | 2.40 | 2.96 | 3.78 | 4.12 | 4.63 | 4.12 | 5.85 |
Cash per Share |
1.65 | 2.53 | 1.95 | 2.58 | 3.39 | 3.98 | 3.25 | 3.74 | 9.75 | 11.06 |
Shareholders Equity per Share |
2.61 | 3.64 | 4.71 | 7.70 | 9.11 | 10.02 | 10.12 | 12.64 | 17.23 | 20.18 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
2.61 | 3.64 | 4.71 | 7.70 | 9.11 | 10.02 | 10.12 | 12.64 | 17.23 | 20.18 |
Free Cash Flow |
392.09 | 412.84 | 543.25 | 655.00 | 810.11 | 1,034.08 | 1,117.68 | 1,246.67 | 1,118.01 | 1,586.91 |
Working Capital |
116.47 | 337.59 | 242.11 | 496.95 | 681.78 | 744.54 | 359.07 | 385.35 | 2,645.97 | 3,034.38 |
Capital Expenditures |
(52.79) | (57.90) | (61.50) | (74.60) | (94.81) | (66.88) | (124.21) | (102.50) | (142.54) | (141.87) |
Net Current Asset Value |
(653.10) | (449.52) | (229.16) | (84.99) | 20.82 | 70.15 | (685.19) | (289.00) | (284.82) | (9.30) |
EV/EBIT |
30.36 | 35.45 | 29.82 | 37.86 | 57.49 | 64.50 | 40.20 | 56.31 | 60.46 | 56.73 |
Capex to Sales |
0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 |
Price to Operating Income |
29.44 | 35.32 | 30.04 | 38.54 | 57.85 | 65.42 | 40.32 | 56.60 | 60.33 | 56.84 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.51 | 0.46 | 0.47 | 0.45 | 0.47 | 0.47 | 0.36 | 0.36 | 0.43 | 0.44 |
Cash ROIC |
20.60% | 17.15% | 23.96% | 20.60% | 21.31% | 24.61% | 25.54% | 24.63% | 11.42% | 14.48% |
Accounts Receivable Turnover |
11.28 | 11.18 | 8.77 | 7.77 | 8.34 | 8.84 | 8.64 | 8.38 | 7.94 | 6.52 |
Accounts Payable Turnover |
1.07 | 1.03 | 1.08 | 0.93 | 0.92 | 0.80 | 0.76 | 0.77 | 1.07 | 0.97 |
Inventory Turnover |
5.33 | 6.53 | 8.43 | 6.34 | 4.64 | 3.20 | 3.05 | 2.81 | 2.95 | 2.57 |
Average Days of Payables |
340.81 | 339.95 | 361.87 | 434.27 | 418.11 | 496.11 | 547.23 | 483.73 | 356.65 | 433.03 |
Days of Inventory on Hand |
56.17 | 51.06 | 39.73 | 76.47 | 90.75 | 137.58 | 125.72 | 152.41 | 145.27 | 153.40 |
Average Receivables |
161.01 | 173.80 | 243.75 | 300.81 | 321.52 | 338.04 | 412.15 | 487.97 | 584.84 | 812.70 |
Average Payables |
238.76 | 230.30 | 238.81 | 286.72 | 333.43 | 383.62 | 487.22 | 566.86 | 604.63 | 744.77 |
Average Inventory |
48.12 | 36.34 | 30.69 | 41.98 | 65.88 | 95.84 | 121.86 | 154.83 | 219.69 | 280.63 |
Average Assets |
2,221.21 | 2,257.81 | 2,443.68 | 2,912.94 | 3,654.01 | 4,168.54 | 4,761.69 | 5,403.28 | 7,321.99 | 9,563.82 |
Average Common Equity |
1,058.94 | 865.49 | 1,138.80 | 1,695.65 | 2,297.96 | 2,616.85 | 2,742.89 | 3,074.69 | 4,038.92 | 5,073.88 |
Columns are period end dates