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.

Revenue
+22.0%
EPS
−0.15%
Free cash flow
+30.7%
Total debt
+6.22%

Quarter to September 2026, against a year earlier

312.11 17.41 −5.28%
Market cap
$85.5B
P/E
61.7×
Fwd P/E
67.7×
Dividend yield
—
F-score
5/9
Altman Z
13.22
Beneish M
−2.43
Dividend safety
n/a

Cadence Design Systems, Inc. (CDNS) Gross margin

Alert me on Gross margin

Cadence Design Systems, Inc.'s gross margin over the twelve months to 30 September 2026 was 85.7%, down 0.7 percentage points from fiscal 2025 (86.4%). Over the past ten years it has ranged from 85.9% (fiscal 2016) to 89.7% (fiscal 2021); the current reading is higher than 36% of that period. That is above the Software Application industry median of 66.9% and above the Technology sector median of 46.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 86.4% 0.31
FY2024 86.1% (3.31)
FY2023 89.4% (0.21)
FY2022 89.6% (0.16)
FY2021 89.7% 1.12
FY2020 88.6% 0.01
FY2019 88.6% 0.70
FY2018 87.9% 0.12
FY2017 87.8% 1.90
FY2016 85.9% (0.11)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 85.6% 0.67
Jun 2026 84.9% (0.55)
Mar 2026 85.5% (1.44)
Dec 2025 86.9% 0.50
43 more quarters

Against its own ten years

Low 85.9% High 89.7%
Ten-year median 87.9%
Current reading's percentile 7

Gross margin against peers

Company Gross margin
ADBE Adobe Inc. compare 89.3%
CDNS Cadence Design Systems, Inc. 85.7%
INTU Intuit Inc. compare 80.2%
DDOG Datadog, Inc. compare 79.6%
NOW ServiceNow, Inc. compare 73.1%
MSTR Strategy Inc compare 67.8%
SNOW Snowflake Inc. compare 67.0%
ADP Automatic Data Processing, Inc. compare 46.6%
UBER Uber Technologies, Inc. compare 43.2%
Software Application industry median 66.9%
Technology sector median 46.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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