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CADENCE DESIGN SYSTEMS INC

CDNS

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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
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Assets
Assets Current
Cash And Cash Equivalents At Carrying Value
1,4073,0012,7532,8232,7782,6442,7861,0591,0121,008962874
Receivables Net Current
1,034945755670581680561565390489427441
Inventory Net
318304286226226258293172186182164140
Prepaid Expense And Other Assets Current
422420492503414434460401342297272189
Assets Current
3,1804,6704,2874,2233,9984,0164,1002,1961,9301,9761,8241,643
Property Plant And Equipment Net
537517495482466458449449433403380370
Goodwill
4,9302,7492,6452,6002,4202,3792,4932,4181,5751,5361,5001,429
Intangible Assets Net Excluding Goodwill
1,933718673619584595662664335337348341
Deferred Income Tax Assets Net
843918893980986982890893887880875872
Other Assets
675581608605559545573605563537504500
Assets
12,09810,1539,5999,5099,0138,9749,1677,2265,7225,6695,4315,155
Liabilities And Stockhold…
Liabilities Current
Lines Of Credit Current
425--------000
Accounts Payable And Accrued Liabilities Current
864857631767570633627505457577598510
Unsecured Debt Current
-----0350350350349--
Contract With Customer Liability Current
874778775730731737698679660665666686
Liabilities Current
2,1631,6351,4071,4971,3011,3701,6751,5341,4661,5911,2641,196
Liabilities Noncurrent
Contract With Customer Liability Noncurrent
14715613015411111510289879910197
Unsecured Long Term Debt
2,4812,4802,4792,4782,4772,4762,475999300300649649
Other Liabilities Noncurrent
747408385373349339351343302276304305
Liabilities Noncurrent
3,3743,0442,9943,0062,9362,9312,9291,4316896741,0531,050
Stockholders Equity
Preferred Stock Value
-0---0---0--
Common Stocks Including Additional Paid In Capital
5,7014,7194,6054,4464,3274,1824,0683,9283,3323,1673,0782,898
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
7,4367,1016,7136,4256,2655,9925,6525,4145,1844,9364,6124,358
Accumulated Other Comprehensive Income Loss Net Of…
-40-2724-123-190-14-109-108-95-113-91
Stockholders Equity
6,5615,4745,1995,0074,7764,6744,5634,2613,5683,4043,1142,908
Liabilities And Stockholders Equity
12,09810,1539,5999,5099,0138,9749,1677,2265,7225,6695,4315,155
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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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
20269.58%13.62%-3.18%---------
20255.97%-0.79%5.99%-5.77%0.63%-12.10%-11.96%-7.77%-7.02%-3.22%-10.43%22.29%
20244.02%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
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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

2026-06-22Sale
Owner: Teng, Chin-Chi
Title: Sr. Vice President
Shares: 4,500
Price/Share: $384.84
Value: $1,731,780.00
Shares Owned: 145,281
Relationship: Officer
Ownership: Direct
2026-06-15Sale
Owner: Cunningham, Paul
Title: Sr. Vice President
Shares: 2,000
Price/Share: $391.00
Value: $782,000.00
Shares Owned: 126,586
Relationship: Officer
Ownership: Direct
2026-06-11Sale
Owner: Plummer, James D
Title: -
Shares: 1,511
Price/Share: $381.34
Value: $576,204.74
Shares Owned: 23,264
Relationship: Director
Ownership: Indirect
2026-06-10Sale
Owner: Brennan, Ita M
Title: -
Shares: 180
Price/Share: $390.41
Value: $70,273.80
Shares Owned: 8,004
Relationship: Director
Ownership: Direct
2026-06-02Sale
Owner: Devgan, Anirudh
Title: President and CEO
Shares: 25,005
Price/Share: $415.00
Value: $10,377,075.00
Shares Owned: 253,519
Relationship: Director,Officer
Ownership: Direct

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Institutional Ownership

No data available for chart
2026-03-31
79.06%
Inst. Shares: 215,100,389
Shares Outstanding: 272,061,000
2025-12-31
81.84%
Inst. Shares: 222,068,853
Shares Outstanding: 271,333,000
2025-09-30
81.24%
Inst. Shares: 220,278,653
Shares Outstanding: 271,152,000
2025-06-30
80.43%
Inst. Shares: 218,194,189
Shares Outstanding: 271,294,000
2025-03-31
79.94%
Inst. Shares: 217,410,186
Shares Outstanding: 271,973,000

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.

Wall Street's data.
Main Street's price.