CADENCE DESIGN SYSTEMS INC CDNS
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 4.09 | 3.89 | 3.86 | 3.13 | 2.54 | 2.16 | 3.62 | 1.26 | 0.75 | 0.71 |
| EPS, diluted | 4.06 | 3.85 | 3.82 | 3.09 | 2.50 | 2.11 | 3.53 | 1.23 | 0.73 | 0.70 |
| Shares, diluted (wtd. avg.) | $273.3M | $273.8M | $272.7M | $275.0M | $278.9M | $279.6M | $280.5M | $281.1M | $280.2M | $291.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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