CADENCE DESIGN SYSTEMS INC CDNS

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived Nasdaq

Cadence® is a global technology leader that develops computational, AI-driven software, accelerated hardware, and silicon intellectual property ("IP") products and solutions. Our customers include semiconductor companies that design and manufacture integrated circuits ("ICs"), as well as systems companies that design and manufacture electromechanical systems containing various types of semiconductor and other electronics. Our products and solutions empower our customers to design and verify and bring to life new and innovative products. Our mission is to empower the world's most innovative companies to deliver extraordinary electronic products that drive the global economy and improve everyday life.

Last close 316.49 2026-10-23
Market cap $87.29B 2026-03-31 share count
52-week range 262.75 - 416.69

Valuation FY2025 figures against the last close

P/S16.5x
P/E78.0x
P/FCF55.0x
EV/EBITDA50.8x
Dividend yield—
Diluted EPS4.06

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $5.30B$4.64B$4.09B$3.56B$2.99B$2.68B$2.34B$2.14B$1.94B$1.82B
SG&A $313.4M$274.0M$242.4M$242.1M$189.0M$154.4M$139.8M$133.4M$134.2M$125.1M
Total operating expenses $3.80B$3.29B$2.84B$2.49B$2.21B$2.04B$1.84B$1.74B$1.62B$1.57B
Operating income $1.49B$1.35B$1.25B$1.07B$779.1M$645.6M$491.8M$396.2M$324.0M$244.9M
Interest expense $116.5M$76.0M$36.2M$22.9M$17.0M$20.7M$18.8M$23.1M$25.7M$23.7M
Pre-tax income $1.52B$1.40B$1.28B$1.05B$768.4M$632.7M$479.0M$376.4M$315.0M$237.2M
Income tax $413.2M$340.3M$240.8M$196.4M$72.5M$42.1M$510.0M$30.6M$110.9M$34.1M
Net income $1.11B$1.06B$1.04B$849.0M$696.0M$590.6M$989.0M$345.8M$204.1M$203.1M
EPS, basic 4.093.893.863.132.542.163.621.260.750.71
EPS, diluted 4.063.853.823.092.502.113.531.230.730.70
Shares, diluted (wtd. avg.) 273.3M273.8M272.7M275.0M278.9M279.6M280.5M281.1M280.2M291.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $3.00B$2.64B$1.01B$882.3M$1.09B$928.4M$705.2M$533.3M$688.1M$465.2M
Short-term investments $154.2M$140.6M$130.4M$4.5M————$4.5M$3.1M
Receivables $944.9M$680.5M$489.2M$486.7M$337.6M$338.5M$304.5M$297.1M$190.4M$157.2M
Inventory $303.5M$257.7M$181.7M$128.0M$115.7M$76.0M$55.8M$28.2M$33.2M$39.5M
Total current assets $4.67B$4.02B$1.98B$1.71B$1.72B$1.48B$1.17B$951.1M$980.0M$702.0M
Property, plant and equipment $517.0M$458.2M$403.2M$371.5M$305.9M$311.1M$275.9M$252.6M$251.3M$238.6M
Goodwill $2.75B$2.38B$1.54B$1.37B$928.4M$782.1M$661.9M$662.3M$666.0M$572.8M
Other intangibles $718.2M$594.7M$336.8M$354.6M$233.3M$210.6M$172.4M$225.5M$278.8M$258.8M
Total assets $10.15B$8.97B$5.67B$5.14B$4.39B$3.95B$3.36B$2.47B$2.42B$2.10B
Accounts payable $856.9M$632.7M$576.6M$557.2M$417.3M$350.0M$316.9M$256.5M$4.8M$4.4M
Total current liabilities $1.64B$1.37B$1.59B$1.35B$971.2M$796.8M$672.4M$709.0M$642.4M$585.6M
Retained earnings $7.10B$5.99B$4.94B$3.90B$3.05B$2.35B$1.76B$772.7M$341.0M$136.9M
Total equity $5.47B$4.67B$3.40B$2.75B$2.74B$2.49B$2.10B$1.29B$989.2M$741.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.73B$1.26B$1.35B$1.24B$1.10B$904.9M$729.6M$604.8M$470.7M$444.9M
Depreciation and amortisation $227.8M$196.9M$145.3M$132.1M$142.3M$145.7M$122.8M$118.7M$115.5M$119.6M
Stock-based compensation $455.2M$391.2M$325.6M$270.4M$210.1M$197.3M$181.5M$167.7M$130.0M$109.2M
Capital expenditure $141.9M$142.5M$102.3M$123.2M$65.3M$94.8M$74.6M$61.5M$57.9M$53.7M
Investing cash flow -$460.5M-$837.1M-$412.2M-$738.6M-$293.0M-$292.2M-$105.7M-$173.8M-$191.2M$1.4M
Financing cash flow -$949.0M$1.24B-$803.6M-$657.0M-$643.8M-$415.3M-$443.9M-$567.9M-$70.1M-$592.7M
Buybacks $925.0M$550.0M$700.1M$1.05B$612.3M$380.1M$306.1M$250.1M$100.0M$960.3M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000813672-26-000016.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 1.8B Net income, FY2016: 203.1M Revenue, FY2017: 1.9B Net income, FY2017: 204.1M Revenue, FY2018: 2.1B Net income, FY2018: 345.8M Revenue, FY2019: 2.3B Net income, FY2019: 989M Revenue, FY2020: 2.7B Net income, FY2020: 590.6M Revenue, FY2021: 3B Net income, FY2021: 696M Revenue, FY2022: 3.6B Net income, FY2022: 849M Revenue, FY2023: 4.1B Net income, FY2023: 1B Revenue, FY2024: 4.6B Net income, FY2024: 1.1B Revenue, FY2025: 5.3B Net income, FY2025: 1.1B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.82B $1.94B $2.14B $2.34B $2.68B $2.99B $3.56B $4.09B $4.64B $5.30B
Gross profit — — — — — — — — — —
Net income $203.1M $204.1M $345.8M $989.0M $590.6M $696.0M $849.0M $1.04B $1.06B $1.11B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Unregistered share sale Item 3.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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