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) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Cadence Design Systems, Inc. (CDNS) trades at a price to free cash flow of 48.6×. Over the past ten years it has ranged from 15.6× (August 2015) to 92.8× (December 2024); the current reading is higher than 67% of that period. That is above the Software Application industry median of 17.2× and above the Technology sector median of 18.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 53.5× (26.68%)
FY2024 72.9× 28.32%
FY2023 56.8× 46.65%
FY2022 38.7× (21.29%)
FY2021 49.2× 6.76%
FY2020 46.1× 59.32%
FY2019 28.9× 32.07%
FY2018 21.9× (20.95%)
FY2017 27.7× 50.73%
FY2016 18.4× 2.28%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 51.5× (16.34%)
Jun 2026 61.5× 16.34%
Mar 2026 52.9× (1.08%)
Dec 2025 53.5× (17.03%)
43 more quarters

Against its own ten years

Low 15.6× High 92.8×
Ten-year median 37.0×
Current reading's percentile 67

Price to free cash flow against peers

Company Price to free cash flow
MSTR Strategy Inc compare n/m
ADBE Adobe Inc. compare 9.2×
INTU Intuit Inc. compare 11.3×
UBER Uber Technologies, Inc. compare 13.4×
NOW ServiceNow, Inc. compare 22.5×
ADP Automatic Data Processing, Inc. compare 25.5×
CDNS Cadence Design Systems, Inc. 48.6×
DDOG Datadog, Inc. compare 56.8×
SNOW Snowflake Inc. compare 79.4×
Software Application industry median 17.2×
Technology sector median 18.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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