Stocktoria

CADENCE DESIGN SYSTEMS INC CDNS

Nasdaq · stock · Services-Prepackaged Software · website · IPO 1988-06-01 · LEI

CADENCE DESIGN SYSTEMS INC statistics & valuation

Market cap$104.1B
P / E93.8×
P / S19.6×
P / B19.0×
P / FCF65.6×
Net margin20.9%
Return on equity20.3%
FCF margin30.0%
Return on capital17.5%
Graham number -86.8%$42.77

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($42.77); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
11.20% 10.50% 16.20% 42.30% 22.00% 23.30% 23.80% 25.50% 22.70% 20.90% 2016201720182019202120222022202320242025
Gross margin (%)
2016201720182019202120222022202320242025
Operating margin (%)
13.50% 16.70% 18.50% 21.10% 24.10% 26.10% 30.10% 30.60% 29.10% 28.20% 2016201720182019202120222022202320242025
Return on equity (%)
27.40% 20.60% 26.80% 47.00% 23.70% 25.40% 30.90% 30.60% 22.60% 20.30% 2016201720182019202120222022202320242025
Shares outstanding
291.3M 282.1M 281.1M 280.5M 279.6M 278.9M 275.0M 272.7M 273.9M 273.3M 2016201720182019202120222022202320242025
Net debt ($)
2016201720182019202120222022202320242025
Share buybacks ($)
2016201720182019202120222022202320242025
Return on assets (%)
9.70% 8.40% 14.00% 29.50% 15.00% 15.90% 16.50% 18.40% 11.80% 10.90% 2016201720182019202120222022202320242025
Free cash flow margin (%)
21.50% 21.20% 25.40% 28.00% 30.20% 34.70% 31.40% 30.50% 24.10% 30.00% 2016201720182019202120222022202320242025
Debt / equity (×)
2016201720182019202120222022202320242025
EPS ($)
$0.70 $0.73 $1.23 $3.53 $2.11 $2.50 $3.09 $3.82 $3.85 $4.06 2016201720182019202120222022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

CADENCE DESIGN SYSTEMS INC trades at about 79.6× earnings — above its 10-year norm (10-year range 20.4×–77.3×, median 61.5×).

20.4× 79.6×

Shaded band = 10-year range (20.4×–77.3×); dot = today's 79.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2022FY2021FY2019FY2018FY2017FY2016
Operating margin28.2%29.1%30.6%30.1%26.1%24.1%21.1%18.5%16.7%13.5%
Net margin20.9%22.7%25.5%23.8%23.3%22.0%42.3%16.2%10.5%11.2%
FCF margin30.0%24.1%30.5%31.4%34.7%30.2%28.0%25.4%21.2%21.5%
Return on assets10.9%11.8%18.4%16.5%15.9%15.0%29.5%14.0%8.4%9.7%
Return on equity20.3%22.6%30.6%30.9%25.4%23.7%47.0%26.8%20.6%27.4%
Current ratio2.862.931.241.271.771.861.741.341.531.20

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.