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.
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Cadence Design Systems, Inc. (CDNS) EV/EBITDA
As of 16 October 2026, Cadence Design Systems, Inc. (CDNS) trades at a EV/EBITDA of 42.5×. Over the past ten years it has ranged from 13.9× (January 2016) to 66.0× (June 2024); the current reading is higher than 59% of that period. That is above the Software Application industry median of 15.4× and above the Technology sector median of 15.3×.
EV/EBITDA, daily
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Annual newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 49.2× | (6.74%) |
| FY2024 | 52.8× | 4.59% |
| FY2023 | 50.5× | 41.09% |
| FY2022 | 35.8× | (34.34%) |
| FY2021 | 54.5× | 16.27% |
| FY2020 | 46.8× | 54.88% |
| FY2019 | 30.2× | 32.14% |
| FY2018 | 22.9× | (12.16%) |
| FY2017 | 26.1× | 28.12% |
| FY2016 | 20.3× | 32.29% |
Quarterly newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 49.8× | 17.70% |
| Mar 2026 | 42.3× | (13.99%) |
| Dec 2025 | 49.2× | (12.05%) |
| Sep 2025 | 56.0× | 8.86% |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| MSTR Strategy Inc compare | n/m |
| SNOW Snowflake Inc. compare | n/m |
| ADBE Adobe Inc. compare | 9.7× |
| INTU Intuit Inc. compare | 13.3× |
| ADP Automatic Data Processing, Inc. compare | 15.8× |
| UBER Uber Technologies, Inc. compare | 20.1× |
| CDNS Cadence Design Systems, Inc. | 42.5× |
| TEAM Atlassian Corporation PLC compare | 353× |
| DDOG Datadog, Inc. compare | 698× |
| Software Application industry median | 15.4× |
| Technology sector median | 15.3× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on CDNS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement