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

314.90 3.47 +1.11%
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) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, Cadence Design Systems, Inc. (CDNS) trades at a P/S ratio of 13.9×. Over the past ten years it has ranged from 3.1× (February 2015) to 21.6× (June 2024); the current reading is higher than 62% of that period. That is above the Software Application industry median of 3.0× and above the Technology sector median of 2.6×.

P/S ratio, daily

Embed this chart

Annual newest first

Period P/S ratio Change
FY2025 16.0× (8.80%)
FY2024 17.6× 1.40%
FY2023 17.3× 42.45%
FY2022 12.2× (28.73%)
FY2021 17.1× 22.53%
FY2020 13.9× 71.60%
FY2019 8.1× 45.72%
FY2018 5.6× (5.47%)
FY2017 5.9× 48.34%
FY2016 4.0× 12.73%

Quarterly newest first

Period P/S ratio Change
Sep 2026 14.7× (16.31%)
Jun 2026 17.6× 28.81%
Mar 2026 13.7× (14.60%)
Dec 2025 16.0× (12.37%)
43 more quarters

Against its own ten years

Low 3.1× High 21.6×
Ten-year median 12.2×
Current reading's percentile 59

P/S ratio against peers

Company P/S ratio
UBER Uber Technologies, Inc. compare 2.5×
ADBE Adobe Inc. compare 3.7×
INTU Intuit Inc. compare 4.6×
ADP Automatic Data Processing, Inc. compare 5.4×
NOW ServiceNow, Inc. compare 6.9×
CDNS Cadence Design Systems, Inc. 13.9×
DDOG Datadog, Inc. compare 14.7×
SNOW Snowflake Inc. compare 17.4×
MSTR Strategy Inc compare 105×
Software Application industry median 3.0×
Technology sector median 2.6×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

More on CDNS