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Cadence Design Systems Inc.
CDNS
265.66 (-4.99%) 13.24
Information Technology
Software
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 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 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 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 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 has a strategic collaboration with NVIDIA for the development of engineering solutions tailored for agentic AI chip and system design. 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: $73.35(B)
EV: $70.75(B)
Total Equity: $5.47(B)
Earnings date: Apr-27-2026
P/E: 64.95
Forward P/E: 33.76
P/FCF: 45.49
P/S: 13.61
P/B: 13.19
EPS: $4.1
EPS (fwd): $7.9
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 outstanding276.09(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: $266
Revenue: $19.5 (13.6x | 7.3%) Gross profit: $16.6 (16.0x | 6.2%) Earnings: $4.09 (65.0x | 1.5%)
FCF: $5.84 (45.5x | 2.2%) Stock-based Comp.: $1.65 (161.1x | 0.6%) CapEx.: $0.51 (517.0x | 0.2%) Dividend: $0.00 (N/A | 0.0%)
Total Assets: $36.8 (7.2x | 13.8%) Total Liabilities: $16.9 (15.7x | 6.4%) Book Value: $20.1 (13.2x | 7.6%) Cash & ST inv.: $11.4 (23.2x | 4.3%) Debt: $8.98 (29.6x | 3.4%)
Earnings FY+1: $7.87 (33.8x | 3.0%) Earnings FY+2: $9.41 (28.2x | 3.5%) Earnings FY+3: $10.9 (24.4x | 4.1%)
FCF FY+1: $6.48 (41.0x | 2.4%) FCF FY+2: $7.93 (33.5x | 3.0%) FCF FY+3: $9.14 (29.1x | 3.4%)

Summary