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%
Market cap
$89.3B
P/E
63.1×
Fwd P/E
83.7×
Dividend yield
—
F-score
5/9
Altman Z
13.22
Beneish M
−2.43
Dividend safety
n/a

Cadence Design Systems, Inc. (CDNS) EV/EBITDA

Alert me on 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

Against its own ten years

Low 13.9× High 66.0×
Ten-year median 38.5×
Current reading's percentile 59

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)

The full definition of EV/EBITDA →

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