CADENCE DESIGN SYSTEMS INC
CADENCE DESIGN SYSTEMS INC
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 1,407 | 3,001 | 2,753 | 2,823 | 2,778 | 2,644 | 2,786 | 1,059 | 1,012 | 1,008 | 962 | 874 | |||||
Receivables Net Current | 1,034 | 945 | 755 | 670 | 581 | 680 | 561 | 565 | 390 | 489 | 427 | 441 | |||||
Inventory Net | 318 | 304 | 286 | 226 | 226 | 258 | 293 | 172 | 186 | 182 | 164 | 140 | |||||
Prepaid Expense And Other Assets Current | 422 | 420 | 492 | 503 | 414 | 434 | 460 | 401 | 342 | 297 | 272 | 189 | |||||
Assets Current | 3,180 | 4,670 | 4,287 | 4,223 | 3,998 | 4,016 | 4,100 | 2,196 | 1,930 | 1,976 | 1,824 | 1,643 | |||||
Property Plant And Equipment Net | 537 | 517 | 495 | 482 | 466 | 458 | 449 | 449 | 433 | 403 | 380 | 370 | |||||
Goodwill | 4,930 | 2,749 | 2,645 | 2,600 | 2,420 | 2,379 | 2,493 | 2,418 | 1,575 | 1,536 | 1,500 | 1,429 | |||||
Intangible Assets Net Excluding Goodwill | 1,933 | 718 | 673 | 619 | 584 | 595 | 662 | 664 | 335 | 337 | 348 | 341 | |||||
Deferred Income Tax Assets Net | 843 | 918 | 893 | 980 | 986 | 982 | 890 | 893 | 887 | 880 | 875 | 872 | |||||
Other Assets | 675 | 581 | 608 | 605 | 559 | 545 | 573 | 605 | 563 | 537 | 504 | 500 | |||||
Assets | 12,098 | 10,153 | 9,599 | 9,509 | 9,013 | 8,974 | 9,167 | 7,226 | 5,722 | 5,669 | 5,431 | 5,155 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Lines Of Credit Current | 425 | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
Accounts Payable And Accrued Liabilities Current | 864 | 857 | 631 | 767 | 570 | 633 | 627 | 505 | 457 | 577 | 598 | 510 | |||||
Unsecured Debt Current | - | - | - | - | - | 0 | 350 | 350 | 350 | 349 | - | - | |||||
Contract With Customer Liability Current | 874 | 778 | 775 | 730 | 731 | 737 | 698 | 679 | 660 | 665 | 666 | 686 | |||||
Liabilities Current | 2,163 | 1,635 | 1,407 | 1,497 | 1,301 | 1,370 | 1,675 | 1,534 | 1,466 | 1,591 | 1,264 | 1,196 | |||||
Liabilities Noncurrent | |||||||||||||||||
Contract With Customer Liability Noncurrent | 147 | 156 | 130 | 154 | 111 | 115 | 102 | 89 | 87 | 99 | 101 | 97 | |||||
Unsecured Long Term Debt | 2,481 | 2,480 | 2,479 | 2,478 | 2,477 | 2,476 | 2,475 | 999 | 300 | 300 | 649 | 649 | |||||
Other Liabilities Noncurrent | 747 | 408 | 385 | 373 | 349 | 339 | 351 | 343 | 302 | 276 | 304 | 305 | |||||
Liabilities Noncurrent | 3,374 | 3,044 | 2,994 | 3,006 | 2,936 | 2,931 | 2,929 | 1,431 | 689 | 674 | 1,053 | 1,050 | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | - | 0 | - | - | - | 0 | - | - | - | 0 | - | - | |||||
Common Stocks Including Additional Paid In Capital | 5,701 | 4,719 | 4,605 | 4,446 | 4,327 | 4,182 | 4,068 | 3,928 | 3,332 | 3,167 | 3,078 | 2,898 | |||||
Treasury Stock Value | -6,536 | -6,344 | -6,126 | -5,889 | -5,693 | -5,310 | -5,142 | -4,972 | -4,840 | -4,604 | -4,463 | -4,257 | |||||
Retained Earnings Accumulated Deficit | 7,436 | 7,101 | 6,713 | 6,425 | 6,265 | 5,992 | 5,652 | 5,414 | 5,184 | 4,936 | 4,612 | 4,358 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -40 | -2 | 7 | 24 | -123 | -190 | -14 | -109 | -108 | -95 | -113 | -91 | |||||
Stockholders Equity | 6,561 | 5,474 | 5,199 | 5,007 | 4,776 | 4,674 | 4,563 | 4,261 | 3,568 | 3,404 | 3,114 | 2,908 | |||||
Liabilities And Stockholders Equity | 12,098 | 10,153 | 9,599 | 9,509 | 9,013 | 8,974 | 9,167 | 7,226 | 5,722 | 5,669 | 5,431 | 5,155 | |||||
Preferred Stock Par Or Stated Value Per Share | - | 0.01 | - | - | - | 0.01 | - | - | - | 0.01 | - | - | |||||
Preferred Stock Shares Authorized | - | 0 | - | - | - | 0 | - | - | - | 0 | - | - | |||||
Preferred Stock Shares Outstanding | - | 0 | - | - | - | 0 | - | - | - | 0 | - | - | |||||
Preferred Stock Shares Issued | - | 0 | - | - | - | 0 | - | - | - | 0 | - | - | |||||
Common Stock Par Or Stated Value Per Share | - | 0.01 | - | - | - | 0.01 | - | - | - | 0.01 | - | - | |||||
Common Stock Shares Authorized | - | 600 | - | - | - | 600 | - | - | - | 600 | - | - | |||||
Common Stock Shares Issued | - | 272 | - | - | - | 274 | - | - | - | 272 | - | - | |||||
Shares Outstanding | - | 272 | - | - | - | 274 | - | - | - | 272 | - | - | |||||
Treasury Stock Common Shares | - | 59 | - | - | - | 57 | - | - | - | 57 | - | - | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.58% | 13.62% | -3.18% | - | - | - | - | - | - | - | - | - |
| 2025 | 5.97% | -0.79% | 5.99% | -5.77% | 0.63% | -12.10% | -11.96% | -7.77% | -7.02% | -3.22% | -10.43% | 22.29% |
| 2024 | 4.02% | 12.40% | 13.69% | 5.50% | 0.89% | 6.03% | 7.54% | 3.96% | 5.38% | -4.22% | 0.44% | 18.36% |
| 2023 | - | - | - | -8.59% | -2.98% | 3.72% | 11.82% | 13.17% | 11.91% | 2.61% | 2.42% | -6.35% |
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Performance and Valuation Metrics
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Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.47 | 2.86 | 3.05 | 2.82 | 3.07 | 2.93 | 2.45 | 1.43 | 1.32 | 1.24 | 1.44 | 1.37 | |||||
| Quick Ratio | 1.13 | 2.41 | 2.49 | 2.33 | 2.58 | 2.43 | 2.00 | 1.06 | 0.96 | 0.94 | 1.10 | 1.10 | |||||
| Working Capital | 1.02B | 3.03B | 2.88B | 2.73B | 2.70B | 2.65B | 2.42B | 662.67M | 464.19M | 385.35M | 560.30M | 446.75M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.84 | 0.85 | 0.85 | 0.90 | 0.89 | 0.92 | 1.01 | 0.70 | 0.60 | 0.67 | 0.74 | 0.77 | |||||
| Interest Coverage TTM | 13.12 | 12.80 | 12.70 | 12.54 | 15.17 | 17.77 | 22.34 | 29.59 | 33.09 | 34.58 | 31.03 | 33.46 | |||||
| Debt Ratio | 0.46 | 0.46 | 0.46 | 0.47 | 0.47 | 0.48 | 0.50 | 0.41 | 0.38 | 0.40 | 0.43 | 0.44 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.52 | 0.55 | 0.56 | 0.61 | 0.66 | 0.63 | 0.60 | 0.67 | 0.75 | 0.76 | 0.75 | 0.80 | |||||
| Days Sales Outstanding TTM | 53.30 | 56.00 | 46.08 | 44.29 | 36.34 | 45.99 | 41.39 | 44.11 | 39.30 | 43.55 | 38.06 | 39.98 | |||||
| Receivables Turnover TTM | 6.85 | 6.52 | 7.92 | 8.24 | 10.04 | 7.94 | 8.82 | 8.28 | 9.29 | 8.38 | 9.59 | 9.13 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 4.28 | 4.06 | 3.87 | 3.71 | 3.95 | 3.85 | 3.79 | 3.86 | 3.83 | 3.82 | 3.52 | 3.26 | |||||
| Free Cash Flow Per Share TTM | 5.26 | 5.85 | 5.45 | 5.84 | 5.07 | 4.12 | 3.50 | 3.48 | 4.49 | 4.63 | 4.59 | 4.21 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 89.96% | 90.21% | 89.80% | 89.73% | 90.20% | 90.59% | 91.94% | 92.14% | 92.47% | 91.89% | 91.59% | 91.94% | |||||
| Operating Profit Margin TTM | 28.25% | 28.17% | 28.50% | 27.71% | 30.00% | 29.10% | 28.26% | 28.19% | 28.91% | 30.59% | 28.71% | 28.78% | |||||
| Net Profit Margin TTM | 21.18% | 20.94% | 20.35% | 19.88% | 22.19% | 22.74% | 23.87% | 25.36% | 25.68% | 25.46% | 24.42% | 23.41% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 13.42% | 14.12% | 19.72% | 22.29% | 19.55% | 13.48% | 11.03% | 9.49% | 10.75% | 14.83% | 14.16% | 15.76% | |||||
| Net Income Growth (1Y) | 8.28% | 5.06% | 2.10% | -4.12% | 3.29% | 1.38% | 8.51% | 18.63% | 22.39% | 22.64% | 21.97% | 14.77% | |||||
| EPS Growth (1Y) | 8.25% | 5.01% | 2.51% | -4.25% | 2.39% | 0.69% | 7.31% | 18.11% | 22.35% | 23.47% | 22.83% | 15.54% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 64.56 | 76.48 | 89.77 | 82.61 | 63.96 | 77.20 | 71.00 | 79.00 | 80.16 | 70.47 | 65.87 | 71.10 | |||||
| P/B TTM | 11.52 | 15.49 | 18.32 | 16.70 | 14.48 | 17.44 | 16.17 | 19.57 | 23.52 | 21.55 | 20.26 | 21.75 | |||||
| P/S TTM | 13.67 | 16.01 | 18.27 | 16.43 | 14.19 | 17.56 | 16.95 | 20.03 | 20.58 | 17.94 | 16.09 | 16.64 | |||||
| Market Cap | 75.60B | 84.81B | 95.24B | 83.60B | 69.17B | 81.49B | 73.79B | 83.37B | 83.92B | 73.37B | 63.08B | 63.25B | |||||
| Enterprise Value | 77.10B | 84.29B | 94.97B | 83.25B | 68.87B | 81.32B | 73.83B | 83.66B | 83.56B | 73.01B | 62.77B | 63.03B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 1.43B | 1.59B | 1.48B | 1.59B | 1.38B | 1.12B | 952.24M | 942.72M | 1.21B | 1.25B | 1.24B | 1.13B | |||||
| Net Debt | 1.50B | -521.17M | -274.10M | -344.62M | -300.52M | -167.85M | 39.15M | 289.71M | -363.11M | -359.10M | -313.18M | -225.37M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
CADENCE DESIGN SYSTEMS INC (CDNS) — SEC Financial Statements & Analysis
CADENCE DESIGN SYSTEMS INC (CDNS) is a services-prepackaged software company, incorporated in DE. CADENCE DESIGN SYSTEMS INC trades on Nasdaq as: CDNS. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), CADENCE DESIGN SYSTEMS INC reported a 13.42% year-over-year revenue growth, a Gross Profit Margin of 89.96% (TTM), a Debt-to-Equity ratio of 0.84x, a Price-to-Sales (P/S) ratio of 13.67x (TTM), a Price-to-Book (P/B) ratio of 11.52x (TTM), at a market cap of $75.60B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 13.42%
- Gross Profit Margin TTM
- 89.96%
- Debt To Equity
- 0.84x
- P/S TTM
- 13.67x
- P/B TTM
- 11.52x
- Market Cap
- $75.60B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is CADENCE DESIGN SYSTEMS INC in?
CADENCE DESIGN SYSTEMS INC (CDNS) operates in the Services-Prepackaged Software industry.
What is CDNS's market cap?
CADENCE DESIGN SYSTEMS INC (CDNS) has a market capitalization of $75.60B as of 2026-03-31.
What is CDNS's P/E ratio?
CADENCE DESIGN SYSTEMS INC (CDNS)'s trailing twelve month P/E ratio is 64.56x as of 2026-03-31.
What exchange does CDNS trade on?
CADENCE DESIGN SYSTEMS INC (CDNS) trades on the Nasdaq.
Where is CADENCE DESIGN SYSTEMS INC incorporated?
CADENCE DESIGN SYSTEMS INC is incorporated in DE.