Companies / Information Technology
CDNS
Cadence Design Systems
Application Software
Application SoftwareAnalysis in progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health83
Growth72
Profitability84
Cash generation100
Balance sheet100
Dilution control57
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)22.0%Revenue growth (FY)14.1%Revenue CAGR (3y)14.1%Gross margin—Operating margin28.2%Net margin20.9%Free cash flow margin30.0%R&D / revenue—Stock comp / revenue8.6%Net debt / operating cash flow—Current ratio2.86Diluted share count change-0.2%
| Fiscal year ending | FY 2022-01 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.6B | $4.1B | $4.6B | $5.3B |
| Operating income | $779M | $1.1B | $1.3B | $1.4B | $1.5B |
| Net income | $696M | $849M | $1.0B | $1.1B | $1.1B |
| Operating cash flow | $1.1B | $1.2B | $1.3B | $1.3B | $1.7B |
| Capital expenditure | $65M | $123M | $102M | $143M | $142M |
| Free cash flow | $1.0B | $1.1B | $1.2B | $1.1B | $1.6B |
| Stock-based comp | $210M | $270M | $326M | $391M | $455M |
| Buybacks | $612M | $1.1B | $700M | $550M | $925M |
| Cash | $1.1B | $882M | $1.0B | $2.6B | $3.0B |
| Equity | $2.7B | $2.7B | $3.4B | $4.7B | $5.5B |
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