Saturday 17 October 2026 Export CDNS’s income statement to Excel — free account

Cadence Design Systems, Inc.

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%

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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

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 103.45

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	3	7	2	1	1	2	6	6	2	4	2	1

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 89,330.00

Revenue 5,837.62

Net Income 1,377.99

Free Cash Flow 1,671.55

Net Debt 1,041.76

Current Ratio 1.74

Debt/Equity 0.36

P/E ratio 63.14

Fwd P/E 83.70

P/S ratio 14.99

P/B ratio 12.76

Past 5Y EPS Growth 13.99%

This Y EPS Growth 14.09%

Next Y EPS Growth 17.23%

Next Y revenue growth 19.34%

Next 5Y EPS Growth 15.42%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 62.92%

10-year low 10-year high

P/S against its own 10 years 66.35%

10-year low 10-year high

P/B against its own 10 years 40.03%

10-year low 10-year high

EV/Sales against its own 10 years 68.30%

10-year low 10-year high

EV/FCF against its own 10 years 70.99%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2027	Powerpack
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,008	2,644	3,001	1,440
Receivables	489	680	945	1,065
Inventory	182	258	304	390
Other	—	—	—	—
	1,976	4,016	4,670	3,222

	2023	2024	2025	Q'26
Payables	577	633	857	824
ST’ Debt	349	—	—	—
Other	—	—	—	—
	1,591	1,370	1,635	1,849

Compound Annual Growth %

	10y	5y	3y
Sales	12.02%	14.57%	14.14%
Cash Flow	16.41%	13.82%	11.66%
Earnings	15.95%	13.43%	9.31%
Book Value	14.81%	17.04%	25.87%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,474	1,584	—	—	—
’25	1,242	1,275	1,339	1,440	5,297
’24	1,009	1,061	1,215	1,356	4,641
’23	1,022	977	1,023	1,069	4,090
’22	902	858	903	900	3,562
’21	736	728	751	773	2,988
’20	618	638	667	760	2,683

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	356	635	—	—	—
’25	487	378	311	553	1,729
’24	253	156	410	441	1,261
’23	267	414	396	272	1,349
’22	337	325	317	264	1,242
’21	208	380	296	216	1,101
’20	218	345	207	136	905

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	307	575	—	—	—
’25	464	334	277	512	1,587
’24	204	127	383	404	1,118
’23	241	394	374	238	1,247
’22	318	300	273	227	1,118
’21	191	366	277	199	1,034
’20	196	324	186	104	810

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.23	1.33	—	—	—
’25	1.00	0.59	1.05	1.42	4.06
’24	0.91	0.84	0.87	1.24	3.85
’23	0.89	0.81	0.93	1.19	3.82
’22	0.85	0.68	0.68	0.88	3.09
’21	0.67	0.56	0.63	0.63	2.50
’20	0.44	0.47	0.58	0.62	2.11

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	18.32	25.24	35.49	41.43	51.39	118.11	132.32	154.88	241.29	221.56	Analyst estimates 2026–2028 Powerpack
	High	28.00	45.64	47.40	77.08	136.84	192.70	194.97	279.33	328.99	376.45
People
People	Employees	7,100	7,200	7,500	8,100	8,800	9,300	10,200	11,200	12,700	13,800
	Revenue/emp, $m	0.26	0.27	0.29	0.29	0.30	0.32	0.35	0.37	0.37	0.38
Income, $m
Income, $m	Revenue	1,816	1,943	2,138	2,336	2,683	2,988	3,562	4,090	4,641	5,297
	Gross margin, %	85.88	87.78	87.90	88.60	88.61	89.73	89.57	89.36	86.05	86.36
	EBT	237	315	376	479	633	768	1,045	1,282	1,396	1,522
	EBT margin, %	13.06	16.21	17.60	20.50	23.58	25.72	29.35	31.34	30.07	28.74
	Net income	203	204	346	989	591	696	849	1,041	1,055	1,109
	Depreciation	121	117	120	124	147	144	133	145	197	228
Per share, $
Per share, $	Revenue	6.38	7.14	7.81	8.55	9.80	10.93	13.13	15.18	17.11	19.52
	Earnings	0.71	0.75	1.26	3.62	2.16	2.54	3.13	3.86	3.89	4.09
	Cash flow	1.56	1.73	2.21	2.67	3.31	4.03	4.58	5.01	4.65	6.37
	Capex	(0.19)	(0.21)	(0.22)	(0.27)	(0.35)	(0.24)	(0.46)	(0.38)	(0.53)	(0.52)
	Free cash flow	1.38	1.52	1.98	2.40	2.96	3.78	4.12	4.63	4.12	5.85
	Book value	2.61	3.64	4.71	7.70	9.11	10.02	10.12	12.64	17.23	20.18
	Shares, m	285	272	274	273	274	274	271	269	271	271
Valuation, ×
Valuation, ×	P/E	35.69	56.07	34.51	19.21	63.46	73.08	51.00	68.11	77.24	76.43
	P/S	3.97	5.89	5.57	8.11	13.92	17.06	12.16	17.32	17.56	16.01
	P/B	9.72	11.57	9.24	9.01	14.98	18.60	15.77	20.80	17.44	15.49
	EV/Sales	4.09	5.91	5.53	7.97	13.83	16.82	12.12	17.23	17.60	15.98
	EV/FCF	18.96	27.81	21.75	28.43	45.81	48.52	38.62	56.52	73.06	53.34
Cash, $m
Cash, $m	Operating cash flow	445	471	605	730	905	1,101	1,242	1,349	1,261	1,729
	Capex	(53)	(58)	(62)	(75)	(95)	(67)	(124)	(103)	(143)	(142)
	Free cash flow	392	413	543	655	810	1,034	1,118	1,247	1,118	1,587
Balance, $m
Balance, $m	Working capital	116	338	242	497	682	745	359	385	2,646	3,034
	Total debt	693	729	445	372	381	373	748	649	2,476	2,480
	Net debt	225	41	(88)	(333)	(548)	(716)	(134)	(359)	(168)	(521)
	Shareholders’ equity	742	989	1,288	2,103	2,493	2,741	2,745	3,404	4,674	5,474
Returns, %
Returns, %	ROA	9.14	9.04	14.15	33.95	16.16	16.70	17.83	19.27	14.42	11.59
	ROIC	15.83	19.65	20.63	17.37	20.74	24.05	25.70	25.68	18.74	18.83
	ROE	19.18	23.58	30.36	58.32	25.70	26.60	30.95	33.86	26.13	21.85

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
UBER Uber Technologies, Inc.	$145.6B	15.2×	24.0×	+12.17% (above 0%: growing)	+81.54% (above 0%: growing)	+12.81% (above 0%: growing)	44.93%	13.32%	Compare
SNOW Snowflake Inc.	$118.2B	— (loss-making)	— (loss-making)	+35.09% (above 0%: growing)	n/m	+47.23% (above 0%: growing)	67.02%	(17.00%)	Compare
ADP Automatic Data Processing, Inc.	$113.2B	26.3×	19.0×	+6.77% (above 0%: growing)	+9.37% (above 0%: growing)	−5.49% (below 0%: shrinking)	45.88%	23.00%	Compare
ADBE Adobe Inc.	$98.0B	13.7×	13.8×	+12.89% (above 0%: growing)	+10.77% (above 0%: growing)	+14.68% (above 0%: growing)	88.71%	34.82%	Compare
DDOG Datadog, Inc.	$95.6B	485×	420×	+35.64% (above 0%: growing)	+1,610.53% (above 0%: growing)	+68.55% (above 0%: growing)	78.59%	0.49%	Compare
CDNS Cadence Design Systems, Inc.	$89.3B	63.1×	83.7×	+24.23% (above 0%: growing)	+127.12% (above 0%: growing)	+72.50% (above 0%: growing)	84.90%	28.42%
INTU Intuit Inc.	$88.2B	19.7×	15.3×	+13.65% (above 0%: growing)	−1.47% (below 0%: shrinking)	+253.37% (above 0%: growing)	78.11%	10.91%	Compare
MSTR Strategy Inc	$63.9B	— (loss-making)	3.8×	+6.88% (above 0%: growing)	n/m	+6.40% (above 0%: growing)	66.64%	(6,808.11%)	Compare
TEAM Atlassian Corporation PLC	$55.0B	— (loss-making)	125×	+27.60% (above 0%: growing)	n/m	+31.74% (above 0%: growing)	86.50%	11.93%	Compare
Median of peers	$96.8B	19.7×	19.0×	+13.27%	+10.77%	+23.21%	72.57%	11.42%

All 237 Software Application stocks →

Cadence Design Systems, Inc. (CDNS) key facts

Strength: Cadence Design Systems, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.3 billion, up 14.1% from fiscal 2024.
Strength: Net income was $1.1 billion, or $4.09 per share (basic), a net margin of 20.9%.
Cadence Design Systems, Inc. (CDNS) is a Software Application company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, CDNS traded at $319.51, a market capitalization of $89.3 billion.
At that price the stock trades at 63.1× trailing-twelve-month earnings and 15.0× sales; its P/E is higher than 63% of its own readings over the past ten years.
Return on equity was 21.9% and debt-to-equity 0.36.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 13.22 (safe zone) for fiscal 2025.