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) Price to free cash flow
As of 16 October 2026, Cadence Design Systems, Inc. (CDNS) trades at a price to free cash flow of 52.4×. Over the past ten years it has ranged from 15.6× (August 2015) to 92.8× (December 2024); the current reading is higher than 72% of that period. That is above the Software Application industry median of 17.6× and above the Technology sector median of 20.0×.
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 |
|---|---|---|
| Jun 2026 | 61.5× | 16.34% |
| Mar 2026 | 52.9× | (1.08%) |
| Dec 2025 | 53.5× | (17.03%) |
| Sep 2025 | 64.4× | 22.14% |
| 42 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| MSTR Strategy Inc compare | n/m |
| ADBE Adobe Inc. compare | 9.1× |
| INTU Intuit Inc. compare | 10.4× |
| UBER Uber Technologies, Inc. compare | 14.2× |
| ADP Automatic Data Processing, Inc. compare | 24.3× |
| TEAM Atlassian Corporation PLC compare | 40.8× |
| CDNS Cadence Design Systems, Inc. | 52.4× |
| DDOG Datadog, Inc. compare | 82.1× |
| SNOW Snowflake Inc. compare | 89.6× |
| Software Application industry median | 17.6× |
| Technology sector median | 20.0× |
| Market median | 14.2× |
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)))
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
- EV/EBITDA
- 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