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Cadence Design Systems financials & valuation

Reported statements, fiscal periods and valuation definitions in one place.

Section freshness

Prices as of Oct 2, 4:00 PM EDT · Fundamentals checked Oct 3, 5:18 PM EDT · Statement period ended Mar 31, 2026

Financial statements

Period Statement

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Revenue

5.3B

FY2025 · ended Dec 31, 2025

Operating Income

1.49B

FY2025 · ended Dec 31, 2025

Net Income

1.11B

FY2025 · ended Dec 31, 2025

Amounts in USD. B = billions · M = millions. Scroll horizontally for earlier periods.

Sources, units & calculation notes

TECHi unified data / SEC Companyfacts. Per-share figures are in USD/share; margins in %, debt/equity in ×. TTM sums four consecutive quarters; balance sheets remain period-end balances. A trailing-twelve-month EPS figure is not the sum of the quarterly EPS cells. Growth requires comparable positive values. EPS uses the provider’s reported share basis; a missing quarter says it is not on file, or shows a derived figure only when net income and a plausible share count are already on the page. Mixed filing split bases are not summed. EPS growth and trend lines require matching documented accounting and split bases. Tab through controls; use arrow keys inside the table.

CDNS annual income
FY2025Ended Dec 31, 2025Filed Feb 19, 2026Source filing	FY2024Ended Dec 31, 2024As reported in the Feb 19, 2026 filingSource filing	FY2023Ended Dec 31, 2023As reported in the Feb 19, 2026 filingSource filing	FY2022Ended Dec 31, 2022Filed Feb 21, 2025Source filing	1Y change	3Y annual growth
5.3B	4.64B	4.09B	3.56B	14.1%	14.1%
1.11B	1.06B	1.04B	848.95M	5.1%	9.3%
1.49B	1.35B	1.25B	1.07B	10.5%	11.6%

Earnings quality · Dec 31, 2025

Net income: 1.11B
Free cash flow: 1.59B
Stock-based compensation: 455.18M
FCF / net income: 143.1%
Accrual gap / revenue: -11.7%
Cash conversion: Strong cash conversion

Accrual gap = (net income − operating cash flow) / revenue. TECHi descriptive thresholds: strong ≥100%, moderate 75–100%, weak <75%. CapEx timing, working capital and industry structure affect the ratio; it is not an accounting audit.

Download quarterly financial dataset

Changes between reports

Q1 Mar 31, 2026 versus Q4 Dec 31, 2025

Reported periods shown above are compared directly; a missing intervening quarter is not inferred. Margin changes are in percentage points (pp).

Revenue: 1.47B↑ +2.4%; Previous: 1.44B · USD
Operating margin: 29.26%↓ -2.9 pp; Previous: 32.17%
Net margin: 22.77%↓ -4.2 pp; Previous: 26.95%
Cash: 1.41B↓ -53.1%; Previous: 3B · USD
Inventory: 317.95M↑ +4.7%; Previous: 303.55M · USD
Capex: 48.82M↑ +19.0%; Previous: 41.04M · USD
Stock-based compensation: 138.18M↑ +22.1%; Previous: 113.16M · USD

Reported-period comparison. Guidance and risk-factor changes require reading the filings.

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Valuation & ratios

Multiples with negative or missing earnings are not meaningful. Annual free cash flow yield uses the latest fiscal year; provider forward multiples may use a different earnings horizon.

Valuation history and definitions

5Y median / percentile: Five-year observations unavailable
Forward EPS vs trailing EPS: -4.22%
PEG: —PEG is the forward P/E divided by the expected EPS growth rate in percent.

EPS growth proxy compares the available annual estimate (FY2026 period end 2026-12-31) with trailing EPS; it is not a multi-year consensus growth rate. Historical valuation uses dated observations, using price divided by the annual EPS estimate recorded that day. Legacy provider P/E observations with an unknown earnings basis are excluded. Available P/E observations: 7 since 2026-09-26.

Why provider ratios differ · reconciliation

Forward P/E can use next fiscal year, current fiscal year or next-twelve-month earnings; trailing P/E can use GAAP or adjusted earnings and different closing prices. TECHi compares figures with the same earnings basis and reporting period. Different definitions are not averaged together.

Metric	Value / formula	Source and date
Trailing P/E	69.99	Yahoo Finance · Oct 3, 2026, 5:18 PM EDT
Trailing EPS	5.02	Yahoo Finance · Oct 3, 2026, 5:18 PM EDT
Price ÷ annual EPS estimate	73.08×	TECHi calculation · FY2026 period end 2026-12-31

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Search the dated figures used for this view. Each entry identifies its units, reporting period and calculation status.

How to use this page

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