CADENCE DESIGN SYSTEMS, INC. financials

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CDNS CIK 0000813672

Source: EDGAR filings · Built 2026-06-02T02:36:32Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 1.59B 1.12B 1.25B 1.12B 1.04B 810.11M
EBITDA 1.72B 1.55B 1.40B 1.21B 921.40M 791.21M
Working Capital 3.03B 2.65B 385.35M 359.07M 744.54M 681.78M
Net Debt -334.99M -17.40M -551.40M -58.17M -608.96M -433.80M
Operating Margin 28.17% 29.10% 30.59% 30.15% 26.07% 24.06%
Net Margin 20.94% 22.74% 25.46% 23.84% 23.29% 22.02%
Return on Equity (ROE) 20.26% 22.58% 30.58% 30.93% 25.39% 23.69%
Return on Assets (ROA) 10.92% 11.76% 18.36% 16.53% 15.87% 14.95%
Current Ratio 2.86× 2.93× 1.24× 1.27× 1.77× 1.86×
Debt-to-Equity 0.49× 0.56× 0.13× 0.30× 0.18× 0.20×
Effective Tax Rate 27.14% 24.38% 18.78% 18.79% 9.43% 6.65%
Cash Conversion Ratio 1.56× 1.19× 1.30× 1.46× 1.58× 1.53×
Accruals Ratio -0.06× -0.02× -0.05× -0.08× -0.09× -0.08×
SBC % of Revenue 8.59% 8.43% 7.96% 7.59% 7.03% 7.35%
CapEx Coverage 12.19× 8.84× 13.18× 10.08× 16.86× 9.54×
Free Cash Flow Per Share $5.81 $4.08 $4.57 $4.07 $3.71 $2.90

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 76.99× 78.04× 71.30× 51.99× 74.54× 64.66×
P/FCF 53.84× 73.59× 59.58× 39.49× 50.18× 47.09×
FCF Yield 1.86% 1.36% 1.68% 2.53% 1.99% 2.12%
EV / EBITDA 49.20× 53.15× 52.60× 36.28× 55.32× 47.55×
P/S 16.04× 17.73× 18.09× 12.30× 17.26× 14.18×
P/B 15.52× 17.61× 21.74× 15.96× 18.82× 15.27×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 5.30B 4.64B 4.09B 3.56B 2.99B 2.68B
Operating Income (Loss) 1.49B 1.35B 1.25B 1.07B 779.09M 645.55M
Income Tax Expense (Benefit) 413.15M 340.33M 240.78M 196.41M 72.48M 42.10M
Net Income (Loss) Attributable to Parent 1.11B 1.06B 1.04B 848.95M 695.96M 590.64M
Earnings Per Share, Basic $4.09 $3.89 $3.86 $3.13 $2.54 $2.16
Weighted Average Number of Shares Outstanding, Basic 271.33M 271.21M 269.38M 271.20M 273.50M 273.73M
Earnings Per Share, Diluted $4.06 $3.85 $3.82 $3.09 $2.50 $2.11
Weighted Average Number of Shares Outstanding, Diluted 273.31M 273.83M 272.75M 275.01M 278.86M 279.64M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 3.00B 2.64B 1.01B 882.33M 1.09B 928.43M
Assets, Current 4.67B 4.02B 1.98B 1.71B 1.72B 1.48B
Assets 10.15B 8.97B 5.67B 5.14B 4.39B 3.95B
Liabilities, Current 1.64B 1.37B 1.59B 1.35B 971.23M 796.81M
Stockholders' Equity Attributable to Parent 5.47B 4.67B 3.40B 2.75B 2.74B 2.49B
Common Stock, Shares, Outstanding 271.80M 273.85M 271.71M 272.68M 276.80M 278.94M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 1.73B 1.26B 1.35B 1.24B 1.10B 904.92M
Payments to Acquire Property, Plant, and Equipment 141.87M 142.54M 102.34M 123.22M 65.30M 94.81M
Net Cash Provided by (Used in) Investing Activities -460.52M -837.12M -412.25M -738.63M -292.95M -292.16M
Payments for Repurchase of Common Stock 925.03M 550.03M 700.13M 1.05B 612.30M 380.06M
Net Cash Provided by (Used in) Financing Activities -948.98M 1.24B -803.57M -657.05M -643.79M -415.29M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

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Compare filings side-by-side

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Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (CDNS CIK 0000813672), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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