Cadence Design Systems CDNS

Chip design software (EDA). Cadence Design Systems, Inc., listed on NASDAQ.

Based on the FY2025 annual report (Jan 2025 – Dec 2025)

Cadence Design Systems' market cap is
about $85.45 billion.

#140 by market cap among 289 companies, based on the Nov 5, 2026 close. FY2025 revenue was $5.296759B.

Share price (close): $311.43; Close on Nov 5, 2026 · per share
P/E ratio: 76.7x; Closing price ÷ latest annual EPS
Market cap: $85.45B; #140 of 289
Revenue: $5.296759B; #267 of 299 · +14.1% YoY
Operating income: $1.492042B; #182 of 231 · +10.5% YoY
Net income: $1.108888B; #244 of 298 · +5.1% YoY
Free cash flow: $1.58691B; #186 of 261 · +41.9% YoY
Total assets: $10.153148B; #268 of 299 · +13.1% YoY
Dividends paid: —; Not reported
Dividend per share: —; Not reported
Dividend yield: —; No dividend, or a different currency
Shares outstanding: 271,799,000 shares; As of Dec 31, 2025

Size, put in perspective

Revenue every second$168$14.5M a day

Net income every second$35$3.04M a day

Buying Synopsys with a year's profit1.3% of itBased on Synopsys's market cap of about $84.37 billion

Market cap vs Synopsys1.0×Cadence Design Systems ÷ Synopsys

Calculated from the FY2025 annual report, spread evenly over 365 days.

Where the revenue went

Revenue is set at 100% and split into what went to costs, R&D, operating expenses and taxes, and what was left as profit.

Operating expenses71.8%
Taxes, interest & other7.2%
Net income20.9%

Profitability and stability

Each figure comes with its rank among 300 companies. The further right the dot, the higher the rank.

Revenue growthHow much revenue grew from the previous fiscal year: +14.1%; #80 of 299; Revenue is growing steadily. The median across 299 companies is +7.9%.
Operating marginShare of revenue kept as profit from the core business: 28.2%; #59 of 231; 28.2% of revenue was kept as operating profit. The median across 231 companies is 19.2%.
Net marginShare of revenue left as profit after interest and taxes: 20.9%; #87 of 298; After taxes, 20.9% of revenue was left as net income. The median across 298 companies is 14.0%.
FCF marginShare of revenue left as cash after capital spending: 30.0%; #44 of 261; Plenty of cash is left after capital spending. The median across 261 companies is 15.8%.
ROEHow much profit the company earned on shareholders' equity in a year: 21.9%; #115 of 276; Earns a lot relative to its equity. The median across 276 companies is 16.8%.
Debt-to-equityLiabilities relative to equity. Lower means less debt: 85.5%; #58 of 244; Liabilities are smaller than equity. The median across 244 companies is 159.6%.

Revenue and profit over time

Gray bars show revenue and the green part inside shows net income. The number above each bar is revenue (abbreviated) and the number below is net margin. Hover over a bar to see the exact amounts.

Currency: US dollars. Years are the years in which each fiscal year ended.

Where the cash went

Unlike profit, cash flow is money that actually came in and went out.

Cash from operations$1.728781B
Capital spending−$141.871M
Free cash flow (FCF)$1.58691B

Whose money funds the assets

The company's assets, split into borrowed money (liabilities) and shareholders' money (equity).

Liabilities 46%Equity 54%

Total assets$10.153148B
Total liabilities$4.678967B
Total equity$5.474181B
Cash and equivalents$3.001317B

Compared with similar companies

Based on each company's latest annual report, so fiscal year ends may differ.

Compare in detail

Company	Annual revenue	Net income	Revenue growth	Operating margin	Net margin
Cadence Design SystemsCDNS	$5.296759B	$1.108888B	+14.1%	28.2%	20.9%
SynopsysSNPS	$7.054178B	$1.33222B	+15.1%	13.0%	18.9%
CloudflareNET	$2.167937B	−$102.267M	+29.9%	−9.6%	−4.7%
FortinetFTNT	$6.7996B	$1.8534B	+14.2%	30.7%	27.3%
SnowflakeSNOW	$4.683946B	−$1.331616B	+29.2%	−30.6%	−28.4%

What the company does

Cadence sells software and design IP for designing and verifying semiconductor chips.

The fiscal year ends around December each year.

Related companies: Synopsys, Cloudflare, Fortinet, Snowflake

Financial statements

Last 5 fiscal years. Currency: US dollars.

Show the table

Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	2.988244B	3.561718B	4.089986B	4.641264B	5.296759B
Operating income	779.089M	1.073686B	1.251225B	1.350763B	1.492042B
Pretax income	768.435M	1.045363B	1.281926B	1.395819B	1.522043B
Net income	695.955M	848.952M	1.041144B	1.055484B	1.108888B
EPS (diluted)	$2.50	$3.09	$3.82	$3.85	$4.06
Operating cash flow	1.100958B	1.241894B	1.349176B	1.260551B	1.728781B
Capital expenditures	65.298M	123.215M	102.337M	142.542M	141.871M
Free cash flow (FCF)	1.03566B	1.118679B	1.246839B	1.118009B	1.58691B
Total assets	4.386299B	5.137071B	5.669491B	8.974482B	10.153148B
Total liabilities	1.645624B	2.391958B	2.26522B	4.300904B	4.678967B
Total equity	2.740675B	2.745113B	3.404271B	4.673578B	5.474181B
Cash and equivalents	1.08894B	882.325M	1.008152B	2.64403B	3.001317B
Original filing	10-K	10-K	10-K	10-K	10-K

Source: SEC EDGAR filings for Cadence Design Systems, Inc. · CIK 0000813672 · US-GAAP