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Cadence Design Systems Inc.
CDNS
290.39 (3.79%) 11.00
Information Technology
Software
Cadence Design Systems Inc. develops computational AI-driven software hardware and silicon intellectual property (IP) 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 Innovus 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 Tensilica a digital signal processor. In addition the company’s design IP portfolio includes high-speed 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 critical end-to-end system-level design and verification across chips packages PCBs and complete electronic systems; Allegro X and OrCAD X platforms for PCB and advanced packaging; Sigrity X for signal and power integrity; AWR 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 advanced 3D-IC and multi-chiplet designs; the optimality intelligent system explorer Reality digital twin and Millennium enterprise multiphysics platforms; Allegro system design platform; and molecular modeling and simulation solutions and services. The company was incorporated in 1987 and is headquartered in San Jose California.

Quality Checklist 8/8

5Y Shares Out Change < 0%
ROIC > 10%
Debt/Equity < 1
Current Ratio > 1
Quick Ratio > 1
Net Margin > 10%
Past Net Income CAGR > 0%
Est. EPS Growth > 5%
0.0%of Portfolio

My holdings

Day change:
Total change:
Shares:
Cost basis:
Market cap: $79.18(B)
EV: $82.31(B)
Total Equity: $5.47(B)
Earnings date: Apr-27-2026
P/E: 71.00
Forward P/E: 35.63
P/FCF: 49.72
P/S: 14.88
P/B: 14.42
EPS: $4.1
EPS (fwd): $8.2
FCF/share: $5.8
Revenue/share: $19.5
Book value/share: $20.1
ROIC: 14.1%
ROA: 11.3%
ROE: 21.7%
Debt/Equity: 0.49
Current Ratio: 2.90
Gross margin: 86.4%
Operating margin: 31.5%
Net margin: 20.9%
Dividend/share: $0.0
Div. yield: 0.00%

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$5.30(B)
Gross profit$4.57(B)
EBITDA$1.91(B)
Net income$1.11(B)
Gross margin86.4%
Operating margin31.5%
Net margin20.9%
Shares outstanding272.65(M)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$10.15(B)
Current assets$4.67(B)
Total liabilities$4.68(B)
Current liabilities$1.64(B)
Cash & Short-term inv.$3.16(B)
Long-term debt$2.48(B)
Total intangibles$3.47(B)
PP&E$692.97(M)

Cash flow (TTM)

CFOCFICFF
FCF$1.59(B)
CapEx$-141.87(M)
Dividends paid$0
Stock issued$145.90(M)
Stock repurchased$-1.09(B)
Stock-based comp.$455.18(M)
Debt issued$0
Debt repaid$-350.00(M)

Per share data (TTM)

Price: $290
Revenue: $19.5 (14.9x | 6.7%) Gross profit: $16.8 (17.3x | 5.8%) Earnings: $4.09 (71.0x | 1.4%)
FCF: $5.84 (49.7x | 2.0%) Stock-based Comp.: $1.67 (173.9x | 0.6%) CapEx.: $0.52 (558.1x | 0.2%) Dividend: $0.00 (N/A | 0.0%)
Total Assets: $37.2 (7.8x | 12.8%) Total Liabilities: $17.2 (16.9x | 5.9%) Book Value: $20.1 (14.4x | 6.9%) Cash & ST inv.: $11.6 (25.1x | 4.0%) Debt: $9.10 (31.9x | 3.1%)
Earnings FY+1: $8.15 (35.6x | 2.8%) Earnings FY+2: $9.26 (31.4x | 3.2%) Earnings FY+3: $10.5 (27.7x | 3.6%) Earnings FY+4: $10.6 (27.3x | 3.7%) Earnings FY+5: $12.6 (23.0x | 4.3%)
FCF FY+1: $6.57 (44.2x | 2.3%) FCF FY+2: $7.91 (36.7x | 2.7%) FCF FY+3: $9.04 (32.1x | 3.1%) FCF FY+4: $7.98 (36.4x | 2.7%) FCF FY+5: $12.7 (22.8x | 4.4%)

Summary