Cadence Design Systems, Inc.(CDNS) Stock Research - Grey Stern Research
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Cadence Design Systems, Inc. (CDNS) Stock Analysis

$300.72 (2.22%)

CDNS Financial Performance


Use the table below to view Cadence Design Systems, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q3 - 2024

Metric Value Ranking among Peers
Price $300.72 -
52 Week Low $241.29 -
52 Week High $328.99 -
Market Cap $82.5 Billion 4/13
Gross Margin 100% 1/13
Profit Margin 20% 2/13
EBITDA margin 15% 4/13
Q3 - 2024 Revenue $1.2 Billion 6/13
Q3 - 2024 Earnings $238.1 Million 4/13
Q3 - 2024 Free Cash Flow $383.5 Million 4/13
Trailing 4 Quarters Revenue $4.4 Billion 8/13
Trailing 4 Quarters Earnings $1.0 Billion 6/13
Quarterly Earnings Growth -6% 10/13
Annual Earnings Growth 13% 9/13
Quarterly Revenue Growth 19% 6/13
Annual Revenue Growth 10% 9/13
Cash On Hand $2.8 Billion 3/13
Short Term Debt $350.0 Million 4/13
Long Term Debt $2.5 Billion 3/13

Cadence Design Systems, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Cadence Design Systems, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 79.37 4/13
PS 18.94 3/13
PB 18.07 7/13
PC 29.60 10/13
Liabilities to Equity 1.01 7/13
ROA 0.11 2/13
ROE 0.23 3/13
Current Ratio 1.99 8/13
Quick Ratio 0.61 5/13
Long Term Debt to Equity 0.54 5/13
Debt to Equity 0.62 5/13
Burn Rate -53.98 13/13
Cash to Cap 0.03 4/13
CCR 1.61 7/13
EV to EBITDA 462.21 6/13
EV to Revenue 18.95 4/13

Company Details

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus logic synthesis and Joules RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for silicon manufacturing. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile, consumer, and hyperscale computing markets. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.

CEO: Mr. Lip-Bu Tan

Website: https://www.cadence.com

Address: 2655 Seely Ave San Jose, CALIFORNIA

Exchange: NASDAQ Global Select

Industry: Software—Application

Cadence Design Systems, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Cadence Design Systems, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Salesforce, Inc. CRM $307.4 Billion
Autodesk, Inc. ADSK $62.6 Billion
Paycom Software, Inc. PAYC $11.5 Billion
ServiceNow, Inc. NOW $217.2 Billion
Atlassian Corporation Plc TEAM $65.4 Billion
Intuit Inc. INTU $174.0 Billion
Workday, Inc. WDAY $66.4 Billion
The Trade Desk, Inc. TTD $59.1 Billion
Zoom Video Communications, Inc. ZM $24.6 Billion
Datadog, Inc. DDOG $47.9 Billion
Unity Software Inc. U $8.9 Billion
Snowflake Inc. SNOW $54.7 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
CDNS Income Statements
Quarter Year Revenue Earnings
Q3 2024 $ 1.2 Billion $238.1 Million
Q2 2024 $ 1.1 Billion $229.5 Million
Q1 2024 $ 1.0 Billion $247.6 Million
Q4 2023 $ 1.1 Billion $323.9 Million
Q3 2023 $ 1.0 Billion $254.3 Million
Q2 2023 $ 976.6 Million $221.1 Million
Q1 2023 $ 1.0 Billion $241.8 Million
Q4 2022 $ 899.9 Million $240.4 Million

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CDNS Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 $2.8 Billion $9.2 Billion $2.8 Billion $4.6 Billion
Q2 2024 $1.1 Billion $7.2 Billion $1.3 Billion $4.3 Billion
Q1 2024 $1.0 Billion $5.7 Billion $649.3 Million $3.6 Billion
Q4 2023 $1.0 Billion $5.7 Billion $649.1 Million $3.4 Billion
Q3 2023 $962.0 Million $5.4 Billion $648.8 Million $3.1 Billion
Q2 2023 $873.9 Million $5.2 Billion $648.6 Million $2.9 Billion
Q1 2023 $917.0 Million $5.2 Billion $678.3 Million $2.9 Billion
Q4 2022 $882.3 Million $5.1 Billion $748.1 Million $2.7 Billion

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CDNS Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q3 2024 $383.5 Million -$26.5 Million $1.7 Billion
Q2 2024 $126.8 Million -$29.2 Million $46.5 Million
Q1 2024 $203.6 Million -$49.6 Million $4.3 Million
Q4 2023 $238.2 Million -$33.9 Million $46.2 Million
Q3 2023 $373.9 Million -$22.0 Million $88.1 Million
Q2 2023 $393.8 Million -$19.9 Million -$43.0 Million
Q1 2023 $240.7 Million -$26.7 Million $34.6 Million
Q4 2022 $226.7 Million -$36.9 Million -$143.7 Million

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