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CADENCE DESIGN SYSTEMS INC
Nasdaq · CIK 813672
Last close351.35
Daily change+0.62 (0.18%)
10 Years gain+1282.72%
Dividends TTM0
Dividend yield0.00%
Fundamental Analysis
CDNS · STANDARD
SIC 7372 · Services-Prepackaged Software · Fiscal year end 1231
Fundamental
71.5Momentum
34.0Acceleration
20.4Confidence
83.0Annual Revenue18
Quarterly Revenue55
Annual CFO18
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth18.3 / 25
Quality18.7 / 25
Capital Efficiency10.4 / 20
Balance Sheet13.7 / 15
Shareholder Economics6.2 / 10
Forward Indicators4.2 / 5
Signals
Share count reductionDiluted share count declined 0.085%.
Warnings
Operating margin compression · MEDIUMOperating margin compressed by 3.2041 percentage points.
ROIC declining · MEDIUMROIC declined by 21.1874 percentage points.
Possible growth trap · HIGHRevenue growth is high, but quality indicators are deteriorating.
Key Metrics
Revenue Growth TTM30.34%OK
Revenue CAGR 3Y14.14%OK
Gross Margin82.13%OK
Operating Margin27.39%OK
FCF Marginn/aMISSING
FCF Growthn/aINSUFFICIENT_HISTORY
ROIC30.54%OK
Incremental Operating Margin 3Y29.07%OK
Net Debt / CFOn/aNOT_MEANINGFUL
Diluted Share Growth 1Y-0.09%OK
SBC / Revenue9.01%OK
SBC / FCFn/aNOT_MEANINGFUL
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Dec 31, 2025 | $5.30B | n/a | $1.49B | $1.73B | $1.59B | n/a | 28.17% | 29.96% | 51.67% | 273.31M |
| 2025 FY Dec 31, 2024 | $4.64B | n/a | $1.35B | $1.26B | $1.12B | n/a | 29.1% | 24.09% | 49.17% | 273.83M |
| 2025 FY Dec 31, 2023 | $4.09B | n/a | $1.25B | $1.35B | $1.25B | n/a | 30.59% | 30.49% | 49.28% | 272.75M |
| 2024 FY Dec 31, 2022 | $3.56B | n/a | $1.07B | $1.24B | $1.12B | n/a | 30.15% | 31.41% | 49.68% | 275.01M |
| 2023 FY Jan 01, 2022 | $2.99B | n/a | $779.09M | $1.10B | $1.04B | n/a | 26.07% | 34.66% | 43.88% | 278.86M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $5.33B | sum latest 4 fiscal quarters Revenue | OK | 0000813672-26-000047, 0000813672-25-000113 |
| Revenue Growth TTM | 30.34% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0000813672-26-000047, 0000813672-25-000113 |
| Revenue CAGR 3Y | 14.14% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0000813672-26-000016 |
| Revenue CAGR 5Y | 14.57% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0000813672-26-000016 |
| Gross Profit CAGR 3Y | n/a | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | INSUFFICIENT_HISTORY | derived |
| Operating Income Growth | 16.69% | OperatingIncome_current / OperatingIncome_prior_year - 1 | OK | 0000813672-26-000047, 0000813672-25-000113 |
| FCF Growth | n/a | FCF_current / FCF_prior_year - 1 | INSUFFICIENT_HISTORY | derived |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | 82.13% | Gross Profit / Revenue | OK | 0000813672-26-000047, 0000813672-25-000113 |
| Operating Margin | 27.39% | Operating Income / Revenue | OK | 0000813672-26-000047, 0000813672-25-000113 |
| ROIC | 30.54% | NOPAT / Average Invested Capital | OK | 0000813672-26-000047, 0000813672-25-000113 |
| Net Debt / CFO | n/a | Net Debt / CFO | NOT_MEANINGFUL | 0000813672-26-000047 |
| Interest Coverage | 12.3x | Operating Income / abs(Interest Expense) | OK | derived |
| Current Ratio | 1.47x | Current Assets / Current Liabilities | OK | derived |
| SBC / Revenue | 9.01% | SBC / Revenue | OK | 0000813672-26-000047, 0000813672-25-000113 |