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Cadence Design Systems Inc.
CDNS
319.02 (1.97%) 6.29
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 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.

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: $87.86(B)
EV: $88.98(B)
Total Equity: $6.86(B)
Earnings date: Oct-26-2026
P/E: 62.92
Forward P/E: 39.19
P/FCF: 52.30
P/S: 14.87
P/B: 12.81
EPS: $5.1
EPS (fwd): $8.1
FCF/share: $6.1
Revenue/share: $21.5
Book value/share: $24.9
ROIC: 14.1%
ROA: 11.3%
ROE: 21.7%
Debt/Equity: 0.39
Current Ratio: 1.70
Gross margin: 85.9%
Operating margin: 31.5%
Net margin: 23.6%
Dividend/share: $0.0
Div. yield: 0.00%

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$5.84(B)
Gross profit$5.01(B)
EBITDA$2.16(B)
Net income$1.38(B)
Gross margin85.9%
Operating margin31.5%
Net margin23.6%
Shares outstanding275.39(M)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$12.08(B)
Current assets$3.22(B)
Total liabilities$5.22(B)
Current liabilities$1.85(B)
Cash & Short-term inv.$1.53(B)
Long-term debt$2.48(B)
Total intangibles$6.79(B)
PP&E$560.16(M)

Cash flow (TTM)

CFOCFICFF
FCF$1.68(B)
CapEx$-176.17(M)
Dividends paid$0
Stock issued$156.42(M)
Stock repurchased$-1.02(B)
Stock-based comp.$514.31(M)
Debt issued$600.00(M)
Debt repaid$-600.00(M)

Per share data (TTM)

Price: $319
Revenue: $21.5 (14.9x | 6.7%) Gross profit: $18.2 (17.5x | 5.7%) Earnings: $5.07 (62.9x | 1.6%)
FCF: $6.10 (52.3x | 1.9%) Stock-based Comp.: $1.87 (170.8x | 0.6%) CapEx.: $0.64 (498.7x | 0.2%) Dividend: $0.00 (N/A | 0.0%)
Total Assets: $43.9 (7.3x | 13.8%) Total Liabilities: $19.0 (16.8x | 5.9%) Book Value: $24.9 (12.8x | 7.8%) Cash & ST inv.: $5.56 (57.4x | 1.7%) Debt: $9.01 (35.4x | 2.8%)
Earnings FY+1: $8.14 (39.2x | 2.6%) Earnings FY+2: $9.54 (33.4x | 3.0%) Earnings FY+3: $11.1 (28.7x | 3.5%) Earnings FY+4: $10.7 (29.7x | 3.4%) Earnings FY+5: $11.8 (27.1x | 3.7%)
FCF FY+1: $6.41 (49.8x | 2.0%) FCF FY+2: $8.40 (38.0x | 2.6%) FCF FY+3: $9.76 (32.7x | 3.1%) FCF FY+4: $9.54 (33.4x | 3.0%) FCF FY+5: $10.5 (30.2x | 3.3%)

Summary