Cadence Design Systems Inc (CDNS)
Cadence Design Systems, Inc. develops computational, AI-driven software, hardware, and silicon intellectual property products and solutions. The company offers functional verification services, such as Jasper, a formal verification platform; Xcelium, a parallel logic simulation platform; Verisium, a generative AI solution; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification, as well as digital IC design and sign off products, including In novus platform; and custom IC design and simulation product include Virtuoso, a platform to design and verify analog. It also provides Xcelium logic simulator and other front-end verification and virtual prototyping technologies; controllers and physical interfaces; PCI Express, universal accelerator and compute express links, and multiple memory interfaces; and Ten Silica, a digital signal processor. In addition, the company's design IP portfolio includes serializer/deserializer, peripheral component interconnect, USB, and other standard protocols; and Secure-IC, a solution for embedded security IP. Additionally, it provides System Design and Analysis (SD&A) platform, a solution that enables end-to-end system-level design and verification across chips, packages, PCBs, and electronic systems; Allegro X and Orca X platforms for PCB and advanced packaging; Sigrity X for signal and power integrity; AIR for RF design; Fidelity for computational fluid dynamics; Celsius for thermal and airflow analysis; Clarity 3D solver for electromagnetic and power electronics analysis and simulation; Integrity 3D-IC solution for 3D-IC and multi-chiplet designs; the Optimality Intelligent System Explorer, Reality digital twin, and Millennium enterprise multiphasic platforms; Allegro system design platform; and molecular modeling and simulation solutions and services. The company has a strategic collaboration with NVIDIA. The company was incorporated in 1987 and is headquartered in San Jose, California.
- Symbol
- CDNS
- Exchange
- Nasdaq
- Sector
- Technology
- Industry
- Software - Application
- Market cap
- $96.91B
- 52 week range
- 262.75 - 416.69
Valuation
- Share price
- $351.35 (close of 2026-10-02)
- P/E (TTM)
- 81.52x
- Price to book
- 14.77x
- Price to free cash flow
- 67.77x
- Enterprise value
- $98.58B
- Book value per share
- $23.79
Price performance
| Period | Change |
|---|---|
| 1 day | +0.18% |
| 5 days | +7.73% |
| 1 month | +14.57% |
| 3 months | -5.84% |
| 6 months | +26.06% |
| Year to date | +12.40% |
| 1 year | +1.18% |
| 3 years | +48.57% |
| 5 years | +129.63% |
| 10 years | +1276.22% |
| All time | +17467.50% |
Members of Congress who disclosed CDNS trades
Byron Donalds · Gilbert Ray Cisneros · Kevin Hern · Robert Bresnahan · Val Hoyle · Alan Armstrong · Greg Landsman · Jefferson Shreve · Tommy Tuberville
Super investors holding CDNS
Ken Griffin (Citadel) · Dodge & Cox (Dodge & Cox Funds) · Ray Dalio (Bridgewater Associates)
Profitability and growth
- Return on equity
- 20.26%
- Return on invested capital
- 21.86%
- Return on assets
- 10.92%
- Return on capital employed
- 17.52%
- Gross margin
- 49.24%
- Net margin
- 20.94%
- EBITDA margin
- 32.47%
- Revenue growth
- 14.12%
- Net income growth
- 5.06%
- Free cash flow growth
- 41.94%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 1.48%
- Current ratio
- 1.47x
- Net debt to EBITDA
- 0.85x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $5.30B
- Cost of revenue
- $2.69B
- Gross profit
- $2.61B
- EBITDA
- $1.72B
- Net income
- $1.11B
- Earnings per share
- $4.09
- Interest expense
- $116.54M
- Shares outstanding
- 271.33M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $5.30B | $2.61B | $1.11B | $4.09 |
| 2024-12-31 | $4.64B | $2.38B | $1.06B | $3.89 |
| 2023-12-31 | $4.09B | $2.18B | $1.04B | $3.86 |
| 2022-12-31 | $3.56B | $1.92B | $848.95M | $3.13 |
| 2022-01-01 | $2.99B | $1.53B | $695.96M | $2.54 |
| 2021-01-02 | $2.68B | $1.32B | $590.64M | $2.16 |
| 2019-12-28 | $2.34B | $1.11B | $988.98M | $3.62 |
| 2018-12-29 | $2.14B | $969.28M | $345.78M | $1.26 |
| 2017-12-30 | $1.94B | $877.30M | $204.10M | $0.75 |
| 2016-12-31 | $1.82B | $765.20M | $203.09M | $0.71 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 49.24% | 20.94% | 20.26% | 21.86% |
| 2024-12-31 | 51.33% | 22.74% | 22.58% | 22.58% |
| 2023-12-31 | 53.40% | 25.46% | 30.58% | 33.35% |
| 2022-12-31 | 53.91% | 23.84% | 30.93% | 31.95% |
| 2022-01-01 | 51.15% | 23.29% | 25.39% | 39.61% |
| 2021-01-02 | 49.07% | 22.02% | 23.69% | 35.24% |
| 2019-12-28 | 47.65% | 42.33% | 47.03% | 32.61% |
| 2018-12-29 | 45.34% | 16.17% | 26.84% | 48.42% |
| 2017-12-30 | 45.15% | 10.50% | 20.63% | 71.80% |
| 2016-12-31 | 42.13% | 11.18% | 27.38% | 77.09% |
Cash and debt by year
| Period end | Cash |
|---|---|
| 2025-12-31 | $3.16B |
| 2024-12-31 | $2.78B |
| 2023-12-31 | $1.14B |
| 2022-12-31 | $886.82M |
| 2022-01-01 | $1.09B |
| 2021-01-02 | $928.43M |
| 2019-12-28 | $705.21M |
| 2018-12-29 | $533.30M |
| 2017-12-30 | $692.54M |
| 2016-12-31 | $468.29M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $1.59B | $455.18M |
| 2024-12-31 | $1.12B | $391.22M |
| 2023-12-31 | $1.25B | $325.61M |
| 2022-12-31 | $1.12B | $270.44M |
| 2022-01-01 | $1.04B | $210.09M |
| 2021-01-02 | $810.11M | $197.27M |
| 2019-12-28 | $655.00M | $181.55M |
| 2018-12-29 | $543.25M | $167.72M |
| 2017-12-30 | $412.84M | $130.02M |
| 2016-12-31 | $391.17M | $109.22M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-26
- Consensus EPS estimate
- $1.60
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-07-27 | Jun/2026 | $1.62 |
| 2026-04-27 | Mar/2026 | $1.49 |
| 2026-02-17 | Dec/2025 | $1.55 |
| 2025-10-27 | Sep/2025 | $1.43 |
| 2025-07-28 | Jun/2025 | $1.22 |
| 2025-04-28 | Mar/2025 | $1.17 |
| 2025-02-18 | Dec/2024 | $1.51 |
| 2025-02-10 | - | - |
Filings and sources
- Company website
- cadence.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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