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) Price to free cash flow

Alert me on 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

Against its own ten years

Low 15.6× High 92.8×
Ten-year median 36.9×
Current reading's percentile 72

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)))

The full definition of Price to free cash flow →

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