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) Operating margin

Alert me on Operating margin

Cadence Design Systems, Inc.'s operating margin over the twelve months to 30 September 2026 was 28.9%, up 0.8 percentage points from fiscal 2025 (28.2%). Over the past ten years it has ranged from 13.5% (fiscal 2016) to 30.6% (fiscal 2023); the current reading is higher than 73% of that period. That is above the Software Application industry median of 0.00% and above the Technology sector median of 0.02%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 28.2% (0.93)
FY2024 29.1% (1.49)
FY2023 30.6% 0.44
FY2022 30.2% 4.08
FY2021 26.1% 2.01
FY2020 24.1% 3.01
FY2019 21.1% 2.52
FY2018 18.5% 1.86
FY2017 16.7% 3.18
FY2016 13.5% (3.28)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 26.3% (2.17)
Jun 2026 28.4% (0.84)
Mar 2026 29.3% (2.91)
Dec 2025 32.2% 0.40
43 more quarters

Against its own ten years

Low 13.5% High 30.6%
Ten-year median 24.1%
Current reading's percentile 81

Operating margin against peers

Company Operating margin
ADBE Adobe Inc. compare 35.7%
CDNS Cadence Design Systems, Inc. 28.9%
INTU Intuit Inc. compare 27.4%
ADP Automatic Data Processing, Inc. compare 26.5%
UBER Uber Technologies, Inc. compare 12.4%
NOW ServiceNow, Inc. compare 9.68%
DDOG Datadog, Inc. compare 2.26%
SNOW Snowflake Inc. compare −22.8%
MSTR Strategy Inc compare −3,905.9%
Software Application industry median 0.00%
Technology sector median 0.02%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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