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Cadence Design Systems Inc.
CDNS
385.95 (3.33%) 12.87
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: $106.45(B)
EV: $109.00(B)
Total Equity: $6.56(B)
Earnings date: Jul-28-2026
P/E: 89.34
Forward P/E: 48.49
P/FCF: 74.51
P/S: 18.95
P/B: 16.22
EPS: $4.3
EPS (fwd): $8.0
FCF/share: $5.2
Revenue/share: $20.4
Book value/share: $23.8
ROIC: 14.1%
ROA: 11.3%
ROE: 21.7%
Debt/Equity: 0.47
Current Ratio: 1.50
Gross margin: 86.1%
Operating margin: 31.5%
Net margin: 21.2%
Dividend/share: $0.0
Div. yield: 0.00%

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$5.53(B)
Gross profit$4.76(B)
EBITDA$2.01(B)
Net income$1.17(B)
Gross margin86.1%
Operating margin31.5%
Net margin21.2%
Shares outstanding275.82(M)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$12.10(B)
Current assets$3.18(B)
Total liabilities$5.54(B)
Current liabilities$2.16(B)
Cash & Short-term inv.$1.55(B)
Long-term debt$2.48(B)
Total intangibles$6.86(B)
PP&E$536.90(M)

Cash flow (TTM)

CFOCFICFF
FCF$1.43(B)
CapEx$-167.63(M)
Dividends paid$0
Stock issued$141.72(M)
Stock repurchased$-995.40(M)
Stock-based comp.$485.75(M)
Debt issued$425.00(M)
Debt repaid$-350.00(M)

Per share data (TTM)

Price: $386
Revenue: $20.4 (18.9x | 5.3%) Gross profit: $17.3 (22.4x | 4.5%) Earnings: $4.32 (89.3x | 1.1%)
FCF: $5.18 (74.5x | 1.3%) Stock-based Comp.: $1.76 (219.1x | 0.5%) CapEx.: $0.61 (635.0x | 0.2%) Dividend: $0.00 (N/A | 0.0%)
Total Assets: $43.9 (8.8x | 11.4%) Total Liabilities: $20.1 (19.2x | 5.2%) Book Value: $23.8 (16.2x | 6.2%) Cash & ST inv.: $5.61 (68.8x | 1.5%) Debt: $9.00 (42.9x | 2.3%)
Earnings FY+1: $7.96 (48.5x | 2.1%) Earnings FY+2: $9.40 (41.1x | 2.4%) Earnings FY+3: $11.0 (35.2x | 2.8%) Earnings FY+4: $10.7 (36.1x | 2.8%) Earnings FY+5: $11.7 (33.0x | 3.0%)
FCF FY+1: $6.15 (62.8x | 1.6%) FCF FY+2: $8.18 (47.2x | 2.1%) FCF FY+3: $9.59 (40.2x | 2.5%) FCF FY+4: $9.26 (41.7x | 2.4%) FCF FY+5: $10.2 (37.8x | 2.6%)

Summary