Cadence Design Systems (CDNS) Financials

$320.55 +0.25 (+0.08%)

As of 05/20/2025 04:00 PM Eastern

Annual Income Statements for Cadence Design Systems

This table shows Cadence Design Systems' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	1/1/2022	1/2/2021	12/28/2019	12/29/2018	12/30/2017	12/31/2016	1/2/2016
Net Income / (Loss) Attributable to Common Shareholders	1,055	1,041	849	696	591	989	346	204	203	252
Consolidated Net Income / (Loss)	1,055	1,041	849	696	591	989	346	204	203	252
Net Income / (Loss) Continuing Operations	1,055	1,041	849	696	591	989	346	204	203	252
Total Pre-Tax Income	1,396	1,282	1,045	768	633	479	376	315	237	268
Total Operating Income	1,351	1,251	1,074	779	646	492	396	324	245	285
Total Gross Profit	3,994	3,655	3,190	2,681	2,377	2,070	1,879	1,706	1,560	1,464
Total Revenue	4,641	4,090	3,562	2,988	2,683	2,336	2,138	1,943	1,816	1,702
Operating Revenue	4,641	4,090	3,562	2,988	2,683	2,336	2,138	1,943	1,816	1,702
Total Cost of Revenue	648	435	372	307	305	266	259	237	256	238
Operating Cost of Revenue	648	435	372	307	305	266	259	237	256	238
Total Operating Expenses	2,643	2,404	2,116	1,902	1,732	1,578	1,483	1,382	1,315	1,178
Selling, General & Admin Expense	282	242	242	189	154	140	133	134	125	110
Marketing Expense	757	690	604	560	516	482	440	419	395	402
Research & Development Expense	1,549	1,442	1,252	1,134	1,034	936	885	804	735	638
Amortization Expense	30	18	18	20	18	12	14	15	18	24
Restructuring Charge	24	11	0.06	-1.05	9.22	8.62	11	9.41	41	4.51
Total Other Income / (Expense), net	45	31	-28	-11	-13	-13	-20	-8.91	-7.75	-18
Interest Expense	76	36	23	17	21	19	23	26	24	28
Other Income / (Expense), net	121	67	-5.39	6.33	7.95	6.00	3.32	17	16	10
Income Tax Expense	340	241	196	72	42	-510	31	111	34	15
Basic Earnings per Share	$3.89	$3.86	$3.13	$2.54	$2.16	$3.62	$1.26	$0.75	$0.71	$0.88
Weighted Average Basic Shares Outstanding	271.21M	269.38M	271.20M	273.50M	273.73M	273.24M	273.73M	272.10M	284.50M	288.02M
Diluted Earnings per Share	$3.85	$3.82	$3.09	$2.50	$2.11	$3.53	$1.23	$0.73	$0.70	$0.81
Weighted Average Diluted Shares Outstanding	273.83M	272.75M	275.01M	278.86M	279.64M	280.52M	281.14M	280.22M	291.26M	312.30M
Weighted Average Basic & Diluted Shares Outstanding	274.11M	272.24M	272.94M	277.34M	278.97M	280.17M	270.10M	272.10M	286M	286.80M

This table shows Cadence Design Systems' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	10/1/2022
Net Income / (Loss) Attributable to Common Shareholders	274	340	238	230	248	324	254	221	242	240	186
Consolidated Net Income / (Loss)	274	340	238	230	248	324	254	221	242	240	186
Net Income / (Loss) Continuing Operations	274	340	238	230	248	324	254	221	242	240	186
Total Pre-Tax Income	356	437	333	316	310	362	300	298	321	211	252
Total Operating Income	362	457	350	294	250	337	293	299	322	211	261
Total Gross Profit	1,075	1,136	1,052	921	884	964	914	880	897	806	815
Total Revenue	1,242	1,356	1,215	1,061	1,009	1,069	1,023	977	1,022	900	903
Total Cost of Revenue	167	220	163	139	125	104	110	97	124	94	88
Operating Cost of Revenue	167	220	163	139	125	104	110	97	124	94	88
Total Operating Expenses	714	679	702	628	634	628	621	580	575	595	554
Selling, General & Admin Expense	63	79	72	63	69	76	59	55	54	68	74
Marketing Expense	203	200	190	187	181	180	176	167	167	172	153
Research & Development Expense	439	392	407	371	379	367	370	354	350	350	324
Amortization Expense	8.92	9.15	9.15	6.67	5.41	4.98	4.61	4.30	4.27	4.93	3.95
Restructuring Charge	-0.11	-1.02	25	-0.03	0.28	-0.57	12	0.00	0.00	0.01	0.01
Total Other Income / (Expense), net	-5.83	-20	-17	22	60	26	7.05	-0.90	-0.98	-0.59	-8.48
Interest Expense	29	30	24	13	8.69	8.99	9.06	8.88	9.26	9.08	5.46
Other Income / (Expense), net	23	9.68	7.85	35	69	35	16	7.97	8.28	8.49	-3.02
Income Tax Expense	82	96	95	86	62	38	46	77	80	-30	66
Basic Earnings per Share	$1.01	$1.25	$0.87	$0.85	$0.92	$1.20	$0.94	$0.82	$0.90	$0.89	$0.69
Weighted Average Basic Shares Outstanding	271.97M	271.21M	272.24M	270.91M	269.61M	269.38M	269.23M	269.71M	269.50M	271.20M	271.13M
Diluted Earnings per Share	$1.00	$1.23	$0.87	$0.84	$0.91	$1.19	$0.93	$0.81	$0.89	$0.88	$0.68
Weighted Average Diluted Shares Outstanding	273.63M	273.83M	273.96M	273.52M	273.54M	272.75M	272.43M	273.00M	273.16M	275.01M	274.96M
Weighted Average Basic & Diluted Shares Outstanding	273.04M	274.11M	274.26M	273.82M	272.13M	272.24M	272.06M	271.79M	272.68M	272.94M	274.32M

This table details how cash moves in and out of Cadence Design Systems' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	1/1/2022	1/2/2021	12/28/2019	12/29/2018	12/30/2017	12/31/2016	1/2/2016
Net Change in Cash & Equivalents	1,636	126	-207	161	223	172	-155	223	-151	-315
Net Cash From Operating Activities	1,261	1,349	1,242	1,101	905	730	605	471	445	378
Net Cash From Continuing Operating Activities	1,261	1,349	1,242	1,101	905	730	605	471	445	378
Net Income / (Loss) Continuing Operations	1,055	1,041	849	696	591	989	346	204	203	252
Consolidated Net Income / (Loss)	1,055	1,041	849	696	591	989	346	204	203	252
Depreciation Expense	197	145	132	142	146	123	119	116	120	118
Amortization Expense	1.55	1.71	4.48	-10	5.54	1.56	1.20	1.21	1.07	9.40
Non-Cash Adjustments To Reconcile Net Income	344	296	276	210	205	187	173	124	108	91
Changes in Operating Assets and Liabilities, net	-338	-135	-20	63	-42	-570	-34	26	13	-93
Net Cash From Investing Activities	-837	-412	-739	-293	-292	-106	-174	-191	1.36	-45
Net Cash From Continuing Investing Activities	-837	-412	-739	-293	-292	-106	-174	-191	1.36	-45
Purchase of Property, Plant & Equipment	-143	-102	-123	-65	-95	-75	-62	-58	-54	-45
Acquisitions	-738	-199	-615	-228	-198	-0.34	0.00	-143	-42	0.00
Purchase of Investments	-4.98	-176	-1.00	0.00	0.00	-34	-116	0.00	-21	-97
Sale and/or Maturity of Investments	48	65	0.37	0.13	0.22	2.95	3.50	9.94	116	97
Net Cash From Financing Activities	1,239	-804	-657	-644	-415	-444	-568	-70	-593	-626
Net Cash From Continuing Financing Activities	1,239	-804	-657	-644	-415	-444	-568	-70	-593	-626
Repayment of Debt	-1,374	-150	-485	-1.29	-350	-250	-385	-101	-66	-350
Repurchase of Common Equity	-550	-700	-1,050	-612	-380	-306	-250	-100	-960	-333
Issuance of Debt	3,197	50	885	0.00	350	150	100	135	415	0.00
Issuance of Common Equity	204	133	105	88	75	53	41	49	55	75
Other Financing Activities, net	-238	-136	-112	-118	-110	-91	-74	-53	-37	-18
Effect of Exchange Rate Changes	-27	-7.53	-53	-3.70	26	-8.09	-18	13	-4.99	-23
Cash Interest Paid	43	35	21	16	20	18	23	24	21	20
Cash Income Taxes Paid	510	254	233	146	106	42	68	59	37	29

This table details how cash moves in and out of Cadence Design Systems' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	10/1/2022
Net Change in Cash & Equivalents	134	-142	1,727	47	4.27	46	88	-43	35	-144	-3.49
Net Cash From Operating Activities	487	441	410	156	253	272	396	414	267	264	317
Net Cash From Continuing Operating Activities	487	441	410	156	253	272	396	414	267	264	317
Net Income / (Loss) Continuing Operations	274	340	238	230	248	324	254	221	242	240	186
Consolidated Net Income / (Loss)	274	340	238	230	248	324	254	221	242	240	186
Depreciation Expense	53	55	55	48	40	39	36	36	34	34	30
Amortization Expense	-1.45	0.27	2.01	-0.13	-0.60	3.46	1.18	-1.84	-1.08	4.55	-2.35
Non-Cash Adjustments To Reconcile Net Income	110	123	126	63	33	66	76	80	74	74	76
Changes in Operating Assets and Liabilities, net	52	-76	-11	-184	-66	-160	28	79	-82	-89	27
Net Cash From Investing Activities	-22	-40	-39	-678	-80	-99	-184	-94	-36	-64	-606
Net Cash From Continuing Investing Activities	-22	-40	-39	-678	-80	-99	-184	-94	-36	-64	-606
Purchase of Property, Plant & Equipment	-23	-37	-27	-29	-50	-34	-22	-20	-27	-37	-44
Acquisitions	0.00	-2.25	-15	-649	-71	-35	-109	-55	0.00	-28	-561
Purchase of Investments	-11	-2.89	-	-	-2.10	-31	-116	-20	-9.06	-	-
Sale of Property, Plant & Equipment	12	-	-	-	-	-	-	-	-	-	-
Sale and/or Maturity of Investments	1.25	2.32	1.79	0.49	43	0.60	63	1.40	0.10	0.37	-
Net Cash From Financing Activities	-346	-511	1,335	575	-159	-138	-114	-354	-197	-357	313
Net Cash From Continuing Financing Activities	-346	-511	1,335	575	-159	-138	-114	-354	-197	-357	313
Repurchase of Common Equity	-350	-150	-150	-125	-125	-125	-125	-325	-125	-300	-150
Issuance of Common Equity	77	10	61	17	117	1.62	54	12	65	1.65	53
Other Financing Activities, net	-73	-20	-51	-16	-151	-14	-43	-11	-68	-8.77	-40
Effect of Exchange Rate Changes	14	-32	21	-6.16	-9.79	10	-9.66	-8.49	0.26	14	-29
Cash Interest Paid	56	7.90	14	16	4.90	13	4.66	12	5.14	13	0.54
Cash Income Taxes Paid	30	214	99	174	24	149	43	42	20	85	69

This table presents Cadence Design Systems' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	1/1/2022	1/2/2021	12/28/2019	12/29/2018	12/30/2017	12/31/2016	1/2/2016
Total Assets	8,974	5,669	5,137	4,386	3,951	3,357	2,469	2,419	2,097	2,346
Total Current Assets	4,016	1,976	1,707	1,716	1,479	1,169	951	980	702	964
Cash & Equivalents	2,644	1,008	882	1,089	928	705	533	688	465	617
Accounts Receivable	680	489	487	338	338	305	297	190	157	165
Inventories, net	258	182	128	116	76	56	28	33	39	57
Prepaid Expenses	434	297	210	174	136	104	93	68	37	31
Plant, Property, & Equipment, net	458	403	371	306	311	276	253	251	239	229
Total Noncurrent Assets	4,500	3,290	3,059	2,365	2,161	1,912	1,265	1,187	1,156	1,153
Goodwill	2,379	1,536	1,374	928	782	662	662	666	573	552
Intangible Assets	595	337	355	233	211	172	225	279	259	296
Noncurrent Deferred & Refundable Income Taxes	982	880	854	764	732	732	155	-	-	-
Other Noncurrent Operating Assets	545	537	476	439	436	345	222	230	312	300
Total Liabilities & Shareholders' Equity	8,974	5,669	5,137	4,386	3,951	3,357	2,469	2,419	2,097	2,346
Total Liabilities	4,301	2,265	2,392	1,646	1,458	1,254	1,180	1,430	1,355	969
Total Current Liabilities	1,370	1,591	1,348	971	797	672	709	642	586	536
Short-Term Debt	0.00	349	100	0.00	-	0.00	100	85	50	0.00
Accounts Payable	633	577	557	417	350	317	257	221	239	238
Current Deferred Revenue	737	665	691	554	447	355	352	336	296	298
Total Noncurrent Liabilities	2,931	674	1,044	674	661	582	471	787	770	433
Long-Term Debt	2,476	300	648	348	347	346	345	644	643	343
Noncurrent Deferred Revenue	115	99	92	101	107	73	49	62	67	30
Other Noncurrent Operating Liabilities	339	276	305	226	207	163	77	81	59	60
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,674	3,404	2,745	2,741	2,493	2,103	1,288	989	742	1,376
Total Preferred & Common Equity	4,674	3,404	2,745	2,741	2,493	2,103	1,288	989	742	1,376
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,674	3,404	2,745	2,741	2,493	2,103	1,288	989	742	1,376
Common Stock	4,182	3,167	2,766	2,468	2,218	2,046	1,936	1,830	1,820	1,863
Retained Earnings	5,992	4,936	3,895	3,046	2,350	1,762	773	341	137	-74
Treasury Stock	-5,310	-4,604	-3,824	-2,740	-2,058	-1,668	-1,396	-1,178	-1,190	-401
Accumulated Other Comprehensive Income / (Loss)	-190	-95	-92	-33	-17	-37	-25	-3.63	-25	-12

This table presents Cadence Design Systems' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	10/1/2022
Total Assets	9,013	8,974	9,167	7,226	5,722	5,669	5,431	5,155	5,172	5,137	4,968
Total Current Assets	3,998	4,016	4,100	2,196	1,930	1,976	1,824	1,643	1,699	1,707	1,670
Cash & Equivalents	2,778	2,644	2,786	1,059	1,012	1,008	962	874	917	882	1,026
Accounts Receivable	581	680	561	565	390	489	427	441	488	487	391
Inventories, net	226	258	293	172	186	182	164	140	128	128	114
Prepaid Expenses	414	434	460	401	342	297	272	189	166	210	139
Plant, Property, & Equipment, net	466	458	449	449	433	403	380	370	373	371	348
Total Noncurrent Assets	4,549	4,500	4,618	4,580	3,359	3,290	3,227	3,142	3,100	3,059	2,949
Goodwill	2,420	2,379	2,493	2,418	1,575	1,536	1,500	1,429	1,378	1,374	1,348
Intangible Assets	584	595	662	664	335	337	348	341	342	355	354
Noncurrent Deferred & Refundable Income Taxes	986	982	890	893	887	880	875	872	865	854	783
Other Noncurrent Operating Assets	559	545	573	605	563	537	504	500	516	476	464
Total Liabilities & Shareholders' Equity	9,013	8,974	9,167	7,226	5,722	5,669	5,431	5,155	5,172	5,137	4,968
Total Liabilities	4,237	4,301	4,604	2,965	2,155	2,265	2,317	2,247	2,231	2,392	2,260
Total Current Liabilities	1,301	1,370	1,675	1,534	1,466	1,591	1,264	1,196	1,181	1,348	1,257
Accounts Payable	570	633	627	505	457	577	598	510	430	557	455
Current Deferred Revenue	731	737	698	679	660	665	666	686	721	691	652
Total Noncurrent Liabilities	2,936	2,931	2,929	1,431	689	674	1,053	1,050	1,049	1,044	1,003
Long-Term Debt	2,477	2,476	2,475	999	300	300	649	649	648	648	648
Noncurrent Deferred Revenue	111	115	102	89	87	99	101	97	103	92	102
Other Noncurrent Operating Liabilities	349	339	351	343	302	276	304	305	299	305	253
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,776	4,674	4,563	4,261	3,568	3,404	3,114	2,908	2,941	2,745	2,708
Total Preferred & Common Equity	4,776	4,674	4,563	4,261	3,568	3,404	3,114	2,908	2,941	2,745	2,708
Total Common Equity	4,776	4,674	4,563	4,261	3,568	3,404	3,114	2,908	2,941	2,745	2,708
Common Stock	4,327	4,182	4,068	3,928	3,332	3,167	3,078	2,898	2,879	2,766	2,698
Retained Earnings	6,265	5,992	5,652	5,414	5,184	4,936	4,612	4,358	4,137	3,895	3,655
Treasury Stock	-5,693	-5,310	-5,142	-4,972	-4,840	-4,604	-4,463	-4,257	-3,988	-3,824	-3,522
Accumulated Other Comprehensive Income / (Loss)	-123	-190	-14	-109	-108	-95	-113	-91	-87	-92	-122

This table displays calculated financial ratios and metrics derived from Cadence Design Systems' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	1/1/2022	1/2/2021	12/28/2019	12/29/2018	12/30/2017	12/31/2016	1/2/2016
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.48%	14.83%	19.19%	11.38%	14.83%	9.27%	10.04%	6.99%	6.70%	7.66%
EBITDA Growth	14.01%	21.60%	31.34%	14.00%	29.34%	19.77%	13.55%	19.91%	-9.92%	20.55%
EBIT Growth	11.66%	23.38%	36.02%	20.19%	31.28%	24.60%	17.26%	30.63%	-11.86%	37.55%
NOPAT Growth	0.51%	16.54%	23.58%	17.09%	-40.66%	178.99%	73.43%	0.07%	-22.11%	48.42%
Net Income Growth	1.38%	22.64%	21.98%	17.83%	-40.28%	186.02%	69.41%	0.50%	-19.54%	58.85%
EPS Growth	0.79%	23.62%	23.60%	18.48%	-40.23%	186.99%	68.49%	4.29%	-13.58%	55.77%
Operating Cash Flow Growth	-6.57%	8.64%	12.80%	21.66%	24.03%	20.64%	28.47%	5.81%	17.63%	19.41%
Free Cash Flow Firm Growth	-175.47%	123.46%	-57.84%	42.02%	-7.89%	143.29%	32.60%	-41.68%	-4.63%	869.34%
Invested Capital Growth	47.96%	16.63%	30.59%	4.60%	9.62%	45.26%	16.49%	6.57%	-4.09%	0.61%
Revenue Q/Q Growth	6.60%	4.30%	3.69%	0.44%	6.36%	1.29%	3.29%	1.71%	1.56%	1.07%
EBITDA Q/Q Growth	6.95%	11.83%	3.06%	-1.09%	13.36%	-0.85%	6.14%	5.57%	-6.38%	-0.22%
EBIT Q/Q Growth	6.94%	12.98%	2.03%	0.93%	14.23%	-0.66%	7.91%	7.94%	-8.99%	1.96%
NOPAT Q/Q Growth	5.55%	6.55%	7.98%	0.77%	-45.75%	130.52%	48.07%	-19.85%	-17.07%	3.68%
Net Income Q/Q Growth	1.57%	8.72%	8.13%	0.41%	-45.14%	131.22%	48.46%	-20.59%	-17.10%	6.47%
EPS Q/Q Growth	1.05%	8.83%	8.42%	0.81%	-45.19%	132.24%	50.00%	-20.65%	-14.63%	5.19%
Operating Cash Flow Q/Q Growth	15.51%	0.63%	4.00%	7.87%	-2.56%	3.90%	0.84%	-12.95%	19.96%	-2.38%
Free Cash Flow Firm Q/Q Growth	47.35%	-8.06%	-10.97%	18.52%	-12.28%	46.57%	17.07%	-61.14%	33.65%	-0.52%
Invested Capital Q/Q Growth	-2.10%	8.73%	5.28%	1.76%	7.04%	48.92%	14.05%	5.97%	-11.06%	-1.36%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	86.05%	89.36%	89.57%	89.73%	88.61%	88.60%	87.90%	87.78%	85.88%	85.99%
EBITDA Margin	35.99%	35.82%	33.83%	30.70%	29.99%	26.63%	24.30%	23.54%	21.01%	24.88%
Operating Margin	29.10%	30.59%	30.15%	26.07%	24.06%	21.05%	18.53%	16.67%	13.49%	16.77%
EBIT Margin	31.71%	32.23%	29.99%	26.28%	24.36%	21.31%	18.69%	17.54%	14.36%	17.38%
Profit (Net Income) Margin	22.74%	25.46%	23.84%	23.29%	22.02%	42.33%	16.17%	10.50%	11.18%	14.83%
Tax Burden Percent	75.62%	81.22%	81.21%	90.57%	93.35%	206.48%	91.87%	64.78%	85.64%	94.33%
Interest Burden Percent	94.84%	97.25%	97.85%	97.84%	96.82%	96.22%	94.21%	92.47%	90.92%	90.43%
Effective Tax Rate	24.38%	18.78%	18.79%	9.43%	6.65%	-106.48%	8.13%	35.22%	14.37%	5.67%
Return on Invested Capital (ROIC)	27.05%	35.93%	37.83%	36.09%	32.97%	68.98%	32.63%	21.01%	21.24%	26.79%
ROIC Less NNEP Spread (ROIC-NNEP)	14.12%	25.83%	43.08%	37.54%	35.51%	80.83%	110.56%	16.68%	30.54%	31.60%
Return on Net Nonoperating Assets (RNNOA)	-0.92%	-2.07%	-6.88%	-9.49%	-7.27%	-10.66%	-2.27%	2.57%	-2.06%	-8.15%
Return on Equity (ROE)	26.13%	33.86%	30.95%	26.60%	25.70%	58.32%	30.36%	23.58%	19.18%	18.63%
Cash Return on Invested Capital (CROIC)	-11.63%	20.58%	11.30%	31.59%	23.80%	32.07%	17.40%	14.65%	25.41%	26.18%
Operating Return on Assets (OROA)	20.10%	24.39%	22.44%	18.84%	17.88%	17.09%	16.35%	15.09%	11.74%	10.65%
Return on Assets (ROA)	14.42%	19.27%	17.83%	16.70%	16.16%	33.95%	14.15%	9.04%	9.14%	9.09%
Return on Common Equity (ROCE)	26.13%	33.86%	30.95%	26.60%	25.70%	58.32%	30.36%	23.58%	19.18%	18.63%
Return on Equity Simple (ROE_SIMPLE)	22.58%	30.58%	30.93%	25.39%	23.69%	47.03%	26.84%	20.63%	27.38%	18.34%
Net Operating Profit after Tax (NOPAT)	1,021	1,016	872	706	603	1,015	364	210	210	269
NOPAT Margin	22.01%	24.85%	24.48%	23.61%	22.46%	43.46%	17.02%	10.80%	11.55%	15.82%
Net Nonoperating Expense Percent (NNEP)	12.93%	10.11%	-5.25%	-1.46%	-2.54%	-11.85%	-77.93%	4.33%	-9.30%	-4.81%
Return On Investment Capital (ROIC_SIMPLE)	14.29%	25.07%	24.96%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	13.95%	10.64%	10.43%	10.27%	11.39%	11.40%	12.10%	12.22%	14.12%	14.01%
SG&A Expenses to Revenue	6.08%	5.93%	6.80%	6.33%	5.76%	5.98%	6.24%	6.91%	6.89%	6.46%
R&D to Revenue	33.38%	35.25%	35.14%	37.96%	38.53%	40.06%	41.38%	41.39%	40.49%	37.46%
Operating Expenses to Revenue	56.95%	58.77%	59.42%	63.65%	64.55%	67.55%	69.37%	71.11%	72.39%	69.22%
Earnings before Interest and Taxes (EBIT)	1,472	1,318	1,068	785	653	498	400	341	261	296
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,670	1,465	1,205	917	805	622	519	457	381	423
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	17.63	21.77	16.05	18.84	15.26	9.38	9.49	11.94	9.75	4.50
Price to Tangible Book Value (P/TBV)	48.47	48.38	43.36	32.71	25.36	15.55	30.52	266.20	0.00	11.73
Price to Revenue (P/Rev)	17.75	18.12	12.37	17.28	14.18	8.44	5.72	6.08	3.98	3.64
Price to Earnings (P/E)	78.07	71.17	51.91	74.21	64.43	19.94	35.36	57.86	35.61	24.53
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.28%	1.41%	1.93%	1.35%	1.55%	5.01%	2.83%	1.73%	2.81%	4.08%
Enterprise Value to Invested Capital (EV/IC)	18.25	24.22	16.83	25.46	19.61	11.10	10.11	11.50	7.71	5.78
Enterprise Value to Revenue (EV/Rev)	17.72	18.03	12.33	17.03	13.97	8.29	5.68	6.10	4.11	3.42
Enterprise Value to EBITDA (EV/EBITDA)	49.23	50.33	36.46	55.49	46.57	31.12	23.37	25.90	19.55	13.75
Enterprise Value to EBIT (EV/EBIT)	55.87	55.95	41.12	64.81	57.34	38.90	30.39	34.78	28.59	19.68
Enterprise Value to NOPAT (EV/NOPAT)	80.51	72.57	50.38	72.14	62.19	19.07	33.35	56.46	35.55	21.63
Enterprise Value to Operating Cash Flow (EV/OCF)	65.24	54.66	35.37	46.24	41.41	26.54	20.07	25.17	16.76	15.40
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	126.73	168.70	82.41	86.16	41.01	62.55	80.96	29.71	22.13
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.53	0.19	0.27	0.13	0.14	0.16	0.35	0.74	0.93	0.25
Long-Term Debt to Equity	0.53	0.09	0.24	0.13	0.14	0.16	0.27	0.65	0.87	0.25
Financial Leverage	-0.07	-0.08	-0.16	-0.25	-0.20	-0.13	-0.02	0.15	-0.07	-0.26
Leverage Ratio	1.81	1.76	1.74	1.59	1.59	1.72	2.15	2.61	2.10	2.05
Compound Leverage Factor	1.72	1.71	1.70	1.56	1.54	1.65	2.02	2.41	1.91	1.85
Debt to Total Capital	34.63%	16.01%	21.42%	11.26%	12.21%	14.13%	25.68%	42.44%	48.32%	19.97%
Short-Term Debt to Total Capital	0.00%	8.62%	2.86%	0.00%	0.00%	0.00%	5.77%	4.95%	3.48%	0.00%
Long-Term Debt to Total Capital	34.63%	7.40%	18.55%	11.26%	12.21%	14.13%	19.92%	37.49%	44.83%	19.97%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	65.37%	83.99%	78.58%	88.74%	87.79%	85.87%	74.32%	57.56%	51.68%	80.03%
Debt to EBITDA	1.48	0.44	0.62	0.38	0.43	0.56	0.86	1.59	1.82	0.81
Net Debt to EBITDA	-0.10	-0.25	-0.11	-0.81	-0.72	-0.58	-0.17	0.09	0.59	-0.87
Long-Term Debt to EBITDA	1.48	0.20	0.54	0.38	0.43	0.56	0.66	1.41	1.69	0.81
Debt to NOPAT	2.42	0.64	0.86	0.49	0.58	0.34	1.22	3.48	3.31	1.28
Net Debt to NOPAT	-0.16	-0.35	-0.15	-1.05	-0.97	-0.35	-0.24	0.20	1.07	-1.37
Long-Term Debt to NOPAT	2.42	0.30	0.74	0.49	0.58	0.34	0.95	3.07	3.07	1.28
Altman Z-Score	13.84	22.42	13.58	21.28	17.93	11.53	8.17	6.59	4.64	5.15
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.93	1.24	1.27	1.77	1.86	1.74	1.34	1.53	1.20	1.80
Quick Ratio	2.43	0.94	1.02	1.47	1.59	1.50	1.17	1.37	1.07	1.63
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-439	582	260	618	435	472	194	146	251	263
Operating Cash Flow to CapEx	884.34%	1,318.37%	1,007.91%	1,686.05%	954.43%	977.95%	983.29%	813.01%	842.75%	844.05%
Free Cash Flow to Firm to Interest Expense	-5.78	16.08	11.35	36.38	20.96	25.08	8.39	5.70	10.60	9.30
Operating Cash Flow to Interest Expense	16.59	37.29	54.15	64.84	43.61	38.75	26.14	18.34	18.80	13.36
Operating Cash Flow Less CapEx to Interest Expense	14.71	34.46	48.78	60.99	39.04	34.79	23.48	16.09	16.56	11.78
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.63	0.76	0.75	0.72	0.73	0.80	0.87	0.86	0.82	0.61
Accounts Receivable Turnover	7.94	8.38	8.64	8.84	8.34	7.77	8.77	11.18	11.28	11.85
Inventory Turnover	2.95	2.81	3.05	3.20	4.64	6.34	8.43	6.53	5.33	4.21
Fixed Asset Turnover	10.78	10.56	10.52	9.69	9.14	8.84	8.48	7.93	7.77	7.42
Accounts Payable Turnover	1.07	0.77	0.76	0.80	0.92	0.93	1.08	1.03	1.07	1.03
Days Sales Outstanding (DSO)	45.99	43.55	42.24	41.29	43.74	47.00	41.61	32.65	32.36	30.81
Days Inventory Outstanding (DIO)	123.84	129.91	119.69	113.94	78.71	57.53	43.29	55.88	68.47	86.60
Days Payable Outstanding (DPO)	340.83	475.59	478.54	456.08	398.37	392.90	336.88	354.10	339.77	354.66
Cash Conversion Cycle (CCC)	-171.00	-302.14	-316.61	-300.85	-275.92	-288.37	-251.98	-265.57	-238.93	-237.25
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,506	3,045	2,611	1,999	1,911	1,744	1,200	1,030	967	1,008
Invested Capital Turnover	1.23	1.45	1.55	1.53	1.47	1.59	1.92	1.95	1.84	1.69
Increase / (Decrease) in Invested Capital	1,461	434	612	88	168	543	170	64	-41	6.08
Enterprise Value (EV)	82,237	73,742	43,932	50,904	37,473	19,364	12,140	11,850	7,456	5,823
Market Capitalization	82,405	74,102	44,066	51,645	38,055	19,723	12,228	11,808	7,231	6,191
Book Value per Share	$17.04	$12.51	$10.01	$9.89	$8.94	$7.49	$4.57	$3.50	$2.59	$4.63
Tangible Book Value per Share	$6.20	$5.63	$3.70	$5.70	$5.38	$4.52	$1.42	$0.16	($0.31)	$1.77
Total Capital	7,150	4,053	3,493	3,088	2,840	2,449	1,734	1,719	1,435	1,719
Total Debt	2,476	649	748	348	347	346	445	729	693	343
Total Long-Term Debt	2,476	300	648	348	347	346	345	644	643	343
Net Debt	-168	-359	-134	-741	-582	-359	-88	41	225	-368
Capital Expenditures (CapEx)	143	102	123	65	95	75	62	58	53	45
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1.94	-274	-423	-344	-247	-208	-191	-265	-302	-283
Debt-free Net Working Capital (DFNWC)	2,646	735	459	745	682	497	342	423	166	428
Net Working Capital (NWC)	2,646	385	359	745	682	497	242	338	116	428
Net Nonoperating Expense (NNE)	-34	-25	23	9.65	12	26	18	5.77	6.64	17
Net Nonoperating Obligations (NNO)	-168	-359	-134	-741	-582	-359	-88	41	225	-368
Total Depreciation and Amortization (D&A)	198	147	137	132	151	124	120	117	121	128
Debt-free, Cash-free Net Working Capital to Revenue	0.04%	-6.69%	-11.88%	-11.53%	-9.19%	-8.91%	-8.94%	-13.66%	-16.62%	-16.64%
Debt-free Net Working Capital to Revenue	57.01%	17.96%	12.89%	24.92%	25.41%	21.27%	16.00%	21.75%	9.17%	25.14%
Net Working Capital to Revenue	57.01%	9.42%	10.08%	24.92%	25.41%	21.27%	11.32%	17.37%	6.41%	25.14%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.89	$3.86	$3.13	$2.54	$0.00	$3.62	$1.26	$0.75	$0.71	$0.88
Adjusted Weighted Average Basic Shares Outstanding	271.21M	269.38M	271.20M	273.50M	0.00	273.24M	273.73M	272.10M	284.50M	288.02M
Adjusted Diluted Earnings per Share	$3.85	$3.82	$3.09	$2.50	$0.00	$3.53	$1.23	$0.73	$0.70	$0.81
Adjusted Weighted Average Diluted Shares Outstanding	273.83M	272.75M	275.01M	278.86M	0.00	280.52M	281.14M	280.22M	291.26M	312.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	274.11M	272.24M	272.94M	277.34M	0.00	280.17M	280.39M	282.87M	278.77M	305.36M
Normalized Net Operating Profit after Tax (NOPAT)	1,039	1,025	872	705	611	350	374	216	245	273
Normalized NOPAT Margin	22.39%	25.07%	24.48%	23.58%	22.78%	14.99%	17.50%	11.11%	13.48%	16.07%
Pre Tax Income Margin	30.07%	31.34%	29.35%	25.72%	23.58%	20.50%	17.60%	16.21%	13.06%	15.72%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	19.37	36.43	46.58	46.26	31.50	26.44	17.27	13.28	11.02	10.45
NOPAT to Interest Expense	13.44	28.08	38.02	41.56	29.04	53.93	15.73	8.18	8.86	9.51
EBIT Less CapEx to Interest Expense	17.49	33.60	41.21	42.41	26.93	22.48	14.61	11.02	8.79	8.87
NOPAT Less CapEx to Interest Expense	11.56	25.26	32.65	37.71	24.47	49.97	13.07	5.92	6.63	7.93
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	52.11%	67.25%	123.69%	87.98%	64.35%	30.96%	72.32%	49.01%	472.85%	132.00%

This table displays calculated financial ratios and metrics derived from Cadence Design Systems' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	10/1/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	23.12%	26.89%	18.81%	8.61%	-1.23%	18.75%	13.36%	13.88%	13.30%	16.41%	20.20%
EBITDA Growth	22.08%	26.27%	19.75%	10.14%	-1.75%	60.04%	21.22%	9.85%	4.00%	16.08%	23.86%
EBIT Growth	20.73%	25.74%	15.82%	6.94%	-3.63%	68.96%	19.90%	10.97%	5.32%	10.74%	33.62%
NOPAT Growth	39.28%	18.24%	0.66%	-3.67%	-17.68%	24.88%	28.97%	14.36%	0.15%	35.39%	6.22%
Net Income Growth	10.47%	5.04%	-6.37%	3.80%	2.41%	34.74%	36.51%	18.30%	2.75%	36.14%	5.67%
EPS Growth	9.89%	3.36%	-6.45%	3.70%	2.25%	35.23%	36.76%	19.12%	4.71%	37.50%	7.94%
Operating Cash Flow Growth	92.32%	62.21%	3.56%	-62.31%	-5.30%	3.21%	24.85%	27.49%	-20.56%	22.13%	7.03%
Free Cash Flow Firm Growth	-228.19%	-728.94%	-2,040.65%	-219.52%	37.79%	64.03%	77.52%	-293.84%	-217.11%	-511.12%	-14,721.72%
Invested Capital Growth	39.67%	47.96%	64.33%	69.60%	18.59%	16.63%	12.94%	38.04%	36.94%	30.59%	26.21%
Revenue Q/Q Growth	-8.38%	11.56%	14.60%	5.11%	-5.57%	4.45%	4.76%	-4.42%	13.54%	-0.30%	5.25%
EBITDA Q/Q Growth	-16.34%	25.68%	10.32%	5.15%	-13.39%	19.18%	1.48%	-6.20%	41.07%	-9.73%	-8.04%
EBIT Q/Q Growth	-17.52%	30.36%	8.91%	3.10%	-14.10%	20.08%	0.56%	-7.09%	50.61%	-14.79%	-6.93%
NOPAT Q/Q Growth	-21.89%	42.39%	17.01%	7.01%	-33.68%	21.22%	11.97%	-8.55%	0.61%	25.19%	-0.71%
Net Income Q/Q Growth	-19.59%	42.88%	3.74%	-7.32%	-23.54%	27.36%	15.01%	-8.55%	0.59%	29.03%	-0.33%
EPS Q/Q Growth	-18.70%	41.38%	3.57%	-7.69%	-23.53%	27.96%	14.81%	-8.99%	1.14%	29.41%	0.00%
Operating Cash Flow Q/Q Growth	10.35%	7.65%	162.88%	-38.41%	-6.93%	-31.28%	-4.32%	54.74%	1.43%	-16.86%	-2.29%
Free Cash Flow Firm Q/Q Growth	10.09%	28.82%	6.17%	-446.51%	-127.11%	-83.82%	86.00%	-6.40%	-31.31%	-14.88%	-220.77%
Invested Capital Q/Q Growth	-0.67%	-2.10%	1.14%	42.01%	5.23%	8.73%	4.38%	-0.71%	3.50%	5.28%	27.59%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	86.55%	83.78%	86.59%	86.87%	87.59%	90.26%	89.29%	90.08%	87.82%	89.61%	90.29%
EBITDA Margin	35.12%	38.46%	34.14%	35.46%	35.45%	38.65%	33.87%	34.97%	35.63%	28.68%	31.67%
Operating Margin	29.10%	33.69%	28.80%	27.71%	24.77%	31.49%	28.63%	30.65%	31.56%	23.46%	28.89%
EBIT Margin	30.97%	34.41%	29.45%	30.98%	31.59%	34.72%	30.20%	31.47%	32.37%	24.40%	28.56%
Profit (Net Income) Margin	22.02%	25.09%	19.59%	21.64%	24.54%	30.31%	24.86%	22.64%	23.67%	26.71%	20.64%
Tax Burden Percent	76.91%	77.91%	71.42%	72.70%	79.87%	89.46%	84.79%	74.10%	75.21%	114.19%	73.85%
Interest Burden Percent	92.43%	93.59%	93.16%	96.07%	97.27%	97.58%	97.07%	97.11%	97.20%	95.86%	97.88%
Effective Tax Rate	23.09%	22.09%	28.58%	27.30%	20.13%	10.54%	15.21%	25.90%	24.79%	-14.19%	26.15%
Return on Invested Capital (ROIC)	28.41%	32.27%	24.19%	23.18%	27.31%	40.74%	36.05%	37.31%	37.39%	41.39%	32.98%
ROIC Less NNEP Spread (ROIC-NNEP)	29.76%	38.25%	32.87%	72.52%	11.36%	31.48%	33.84%	37.46%	37.53%	41.55%	34.38%
Return on Net Nonoperating Assets (RNNOA)	-2.37%	-2.50%	-1.17%	0.65%	-1.05%	-2.53%	-3.15%	-6.14%	-6.75%	-6.63%	-5.76%
Return on Equity (ROE)	26.04%	29.78%	23.02%	23.83%	26.26%	38.22%	32.90%	31.17%	30.63%	34.76%	27.22%
Cash Return on Invested Capital (CROIC)	-4.54%	-11.63%	-22.53%	-25.05%	15.88%	20.58%	23.97%	6.88%	6.11%	11.30%	13.16%
Operating Return on Assets (OROA)	20.49%	21.81%	17.56%	20.83%	23.64%	26.28%	22.78%	25.13%	24.92%	18.25%	21.37%
Return on Assets (ROA)	14.57%	15.90%	11.69%	14.55%	18.37%	22.94%	18.75%	18.09%	18.22%	19.98%	15.44%
Return on Common Equity (ROCE)	26.04%	29.78%	23.02%	23.83%	26.26%	38.22%	32.90%	31.17%	30.63%	34.76%	27.22%
Return on Equity Simple (ROE_SIMPLE)	22.64%	0.00%	22.77%	24.77%	29.35%	0.00%	30.75%	30.59%	29.09%	0.00%	28.99%
Net Operating Profit after Tax (NOPAT)	278	356	250	214	200	301	248	222	243	241	193
NOPAT Margin	22.38%	26.25%	20.57%	20.14%	19.78%	28.17%	24.27%	22.71%	23.74%	26.79%	21.34%
Net Nonoperating Expense Percent (NNEP)	-1.35%	-5.98%	-8.67%	-49.34%	15.95%	9.26%	2.21%	-0.15%	-0.14%	-0.15%	-1.40%
Return On Investment Capital (ROIC_SIMPLE)	3.83%	4.98%	-	-	-	7.43%	-	-	-	6.90%	-
Cost of Revenue to Revenue	13.45%	16.22%	13.41%	13.13%	12.41%	9.74%	10.71%	9.92%	12.18%	10.39%	9.71%
SG&A Expenses to Revenue	5.08%	5.79%	5.89%	5.98%	6.81%	7.09%	5.72%	5.59%	5.24%	7.56%	8.16%
R&D to Revenue	35.34%	28.91%	33.51%	34.95%	37.55%	34.38%	36.13%	36.29%	34.29%	38.94%	35.86%
Operating Expenses to Revenue	57.45%	50.08%	57.79%	59.16%	62.82%	58.76%	60.66%	59.43%	56.26%	66.15%	61.40%
Earnings before Interest and Taxes (EBIT)	385	467	358	329	319	371	309	307	331	220	258
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	436	522	415	376	358	413	347	341	364	258	286
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	14.60	17.63	16.26	19.66	23.74	21.77	20.45	21.99	19.50	16.05	16.53
Price to Tangible Book Value (P/TBV)	39.34	48.47	52.73	71.03	51.08	48.38	50.31	56.15	46.94	43.36	44.50
Price to Revenue (P/Rev)	14.30	17.75	17.05	20.12	20.77	18.12	16.24	16.83	15.58	12.37	13.03
Price to Earnings (P/E)	64.47	78.07	71.42	79.35	80.89	71.17	66.50	71.88	67.03	51.91	57.01
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.55%	1.28%	1.40%	1.26%	1.24%	1.41%	1.50%	1.39%	1.49%	1.93%	1.75%
Enterprise Value to Invested Capital (EV/IC)	15.51	18.25	16.13	18.47	26.31	24.22	22.63	23.75	21.13	16.83	17.96
Enterprise Value to Revenue (EV/Rev)	14.24	17.72	17.05	20.19	20.68	18.03	16.16	16.77	15.51	12.33	12.96
Enterprise Value to EBITDA (EV/EBITDA)	39.68	49.23	47.54	56.27	57.81	50.33	48.37	51.00	46.85	36.46	38.09
Enterprise Value to EBIT (EV/EBIT)	45.14	55.87	53.95	63.31	64.56	55.95	54.31	57.13	52.63	41.12	42.53
Enterprise Value to NOPAT (EV/NOPAT)	63.27	80.51	76.73	87.40	86.81	72.57	66.44	70.91	65.50	50.38	55.14
Enterprise Value to Operating Cash Flow (EV/OCF)	46.45	65.24	68.04	78.02	63.16	54.66	47.26	50.50	48.69	35.37	37.29
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	179.76	126.73	100.12	400.22	399.74	168.70	152.24
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.52	0.53	0.62	0.32	0.18	0.19	0.21	0.22	0.23	0.27	0.29
Long-Term Debt to Equity	0.52	0.53	0.54	0.23	0.08	0.09	0.21	0.22	0.22	0.24	0.24
Financial Leverage	-0.08	-0.07	-0.04	0.01	-0.09	-0.08	-0.09	-0.16	-0.18	-0.16	-0.17
Leverage Ratio	1.77	1.81	1.90	1.73	1.67	1.76	1.79	1.72	1.68	1.74	1.72
Compound Leverage Factor	1.63	1.70	1.77	1.66	1.63	1.71	1.73	1.67	1.63	1.66	1.68
Debt to Total Capital	34.15%	34.63%	38.24%	24.04%	15.40%	16.01%	17.24%	18.23%	18.74%	21.42%	22.76%
Short-Term Debt to Total Capital	0.00%	0.00%	4.74%	6.23%	8.29%	8.62%	0.00%	0.00%	0.83%	2.86%	4.28%
Long-Term Debt to Total Capital	34.15%	34.63%	33.50%	17.81%	7.11%	7.40%	17.24%	18.23%	17.91%	18.55%	18.48%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	65.85%	65.37%	61.76%	75.96%	84.60%	83.99%	82.76%	81.77%	81.26%	78.58%	77.24%
Debt to EBITDA	1.42	1.48	1.81	0.90	0.45	0.44	0.50	0.52	0.56	0.62	0.68
Net Debt to EBITDA	-0.17	-0.10	0.03	0.19	-0.25	-0.25	-0.24	-0.18	-0.20	-0.11	-0.20
Long-Term Debt to EBITDA	1.42	1.48	1.58	0.67	0.21	0.20	0.50	0.52	0.53	0.54	0.55
Debt to NOPAT	2.26	2.42	2.92	1.40	0.67	0.64	0.68	0.72	0.78	0.86	0.99
Net Debt to NOPAT	-0.27	-0.16	0.04	0.30	-0.37	-0.35	-0.33	-0.25	-0.27	-0.15	-0.28
Long-Term Debt to NOPAT	2.26	2.42	2.56	1.04	0.31	0.30	0.68	0.72	0.74	0.74	0.80
Altman Z-Score	11.89	13.47	11.46	18.83	25.85	21.87	18.71	19.30	17.59	13.03	13.88
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.07	2.93	2.45	1.43	1.32	1.24	1.44	1.37	1.44	1.27	1.33
Quick Ratio	2.58	2.43	2.00	1.06	0.96	0.94	1.10	1.10	1.19	1.02	1.13
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-993	-1,105	-1,552	-1,654	-303	-133	-72	-518	-486	-370	-322
Operating Cash Flow to CapEx	4,212.62%	1,186.39%	1,544.82%	534.15%	510.54%	807.32%	1,801.33%	2,075.49%	1,000.79%	714.07%	719.18%
Free Cash Flow to Firm to Interest Expense	-34.11	-36.93	-63.35	-128.16	-34.82	-14.82	-8.00	-58.31	-52.53	-40.79	-59.03
Operating Cash Flow to Interest Expense	16.73	14.76	16.74	12.09	29.13	30.27	43.70	46.61	28.88	29.03	58.05
Operating Cash Flow Less CapEx to Interest Expense	16.33	13.51	15.65	9.82	23.43	26.52	41.28	44.37	25.99	24.96	49.98
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.66	0.63	0.60	0.67	0.75	0.76	0.75	0.80	0.77	0.75	0.75
Accounts Receivable Turnover	10.04	7.94	8.82	8.28	9.29	8.38	9.59	9.13	8.66	8.64	9.56
Inventory Turnover	3.35	2.95	2.33	3.07	2.78	2.81	3.05	3.27	3.35	3.05	3.22
Fixed Asset Turnover	10.84	10.78	10.51	10.15	10.12	10.56	10.77	11.07	10.77	10.52	10.54
Accounts Payable Turnover	1.34	1.07	0.87	0.94	0.98	0.77	0.81	0.85	1.01	0.76	0.85
Days Sales Outstanding (DSO)	36.34	45.99	41.39	44.11	39.30	43.55	38.06	39.98	42.14	42.24	38.17
Days Inventory Outstanding (DIO)	108.90	123.84	156.89	118.73	131.23	129.91	119.53	111.53	108.96	119.69	113.27
Days Payable Outstanding (DPO)	271.80	340.83	420.67	387.53	371.37	475.59	452.76	429.54	362.33	478.54	429.50
Cash Conversion Cycle (CCC)	-126.56	-171.00	-222.39	-224.70	-200.84	-302.14	-295.18	-278.02	-211.23	-316.61	-278.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,476	4,506	4,602	4,551	3,204	3,045	2,801	2,683	2,702	2,611	2,480
Invested Capital Turnover	1.27	1.23	1.18	1.15	1.38	1.45	1.49	1.64	1.57	1.55	1.55
Increase / (Decrease) in Invested Capital	1,271	1,461	1,802	1,868	502	434	321	739	729	612	515
Enterprise Value (EV)	69,413	82,237	74,253	84,039	84,324	73,742	63,367	63,724	57,103	43,932	44,530
Market Capitalization	69,714	82,405	74,213	83,749	84,687	74,102	63,680	63,950	57,342	44,066	44,759
Book Value per Share	$17.42	$17.04	$16.67	$15.66	$13.23	$12.51	$11.46	$10.67	$10.77	$10.01	$9.89
Tangible Book Value per Share	$6.47	$6.20	$5.14	$4.33	$6.15	$5.63	$4.66	$4.18	$4.48	$3.70	$3.67
Total Capital	7,253	7,150	7,389	5,610	4,217	4,053	3,763	3,557	3,619	3,493	3,506
Total Debt	2,477	2,476	2,825	1,349	649	649	649	649	678	748	798
Total Long-Term Debt	2,477	2,476	2,475	999	300	300	649	649	648	648	648
Net Debt	-301	-168	39	290	-363	-359	-313	-225	-239	-134	-228
Capital Expenditures (CapEx)	12	37	27	29	50	34	22	20	27	37	44
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-80	1.94	-11	-47	-199	-274	-402	-427	-370	-423	-463
Debt-free Net Working Capital (DFNWC)	2,697	2,646	2,775	1,012	814	735	560	447	547	459	563
Net Working Capital (NWC)	2,697	2,646	2,425	663	464	385	560	447	517	359	413
Net Nonoperating Expense (NNE)	4.48	16	12	-16	-48	-23	-5.97	0.67	0.73	0.68	6.26
Net Nonoperating Obligations (NNO)	-301	-168	39	290	-363	-359	-313	-225	-239	-134	-228
Total Depreciation and Amortization (D&A)	51	55	57	48	39	42	38	34	33	38	28
Debt-free, Cash-free Net Working Capital to Revenue	-1.65%	0.04%	-0.26%	-1.12%	-4.87%	-6.69%	-10.24%	-11.24%	-10.04%	-11.88%	-13.47%
Debt-free Net Working Capital to Revenue	55.34%	57.01%	63.73%	24.33%	19.96%	17.96%	14.29%	11.75%	14.86%	12.89%	16.40%
Net Working Capital to Revenue	55.34%	57.01%	55.70%	15.92%	11.38%	9.42%	14.29%	11.75%	14.05%	10.08%	12.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.01	$1.25	$0.87	$0.85	$0.92	$1.20	$0.94	$0.82	$0.90	$0.89	$0.69
Adjusted Weighted Average Basic Shares Outstanding	271.97M	271.21M	272.24M	270.91M	269.61M	269.38M	269.23M	269.71M	269.50M	271.20M	271.13M
Adjusted Diluted Earnings per Share	$1.00	$1.23	$0.87	$0.84	$0.91	$1.19	$0.93	$0.81	$0.89	$0.88	$0.68
Adjusted Weighted Average Diluted Shares Outstanding	273.63M	273.83M	273.96M	273.52M	273.54M	272.75M	272.43M	273.00M	273.16M	275.01M	274.96M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	273.04M	274.11M	274.26M	273.82M	272.13M	272.24M	272.06M	271.79M	272.68M	272.94M	274.32M
Normalized Net Operating Profit after Tax (NOPAT)	278	355	268	214	200	301	258	222	243	148	193
Normalized NOPAT Margin	22.37%	26.19%	22.01%	20.14%	19.81%	28.12%	25.23%	22.71%	23.74%	16.42%	21.34%
Pre Tax Income Margin	28.63%	32.20%	27.43%	29.76%	30.72%	33.88%	29.32%	30.56%	31.47%	23.39%	27.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	13.22	15.60	14.61	25.46	36.67	41.28	34.11	34.62	35.72	24.18	47.18
NOPAT to Interest Expense	9.55	11.90	10.21	16.56	22.97	33.49	27.41	24.98	26.19	26.54	35.25
EBIT Less CapEx to Interest Expense	12.82	14.36	13.53	23.20	30.96	37.53	31.68	32.37	32.83	20.12	39.11
NOPAT Less CapEx to Interest Expense	9.15	10.66	9.12	14.29	17.26	29.74	24.99	22.74	23.31	22.48	27.18
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	71.67%	52.11%	50.52%	47.38%	66.87%	67.25%	91.39%	101.18%	108.14%	123.69%	109.54%

Frequently Asked Questions About Cadence Design Systems' Financials

When does Cadence Design Systems's financial year end?

According to the most recent income statement we have on file, Cadence Design Systems' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Cadence Design Systems' net income changed over the last 9 years?

Cadence Design Systems' net income appears to be on an upward trend, with a most recent value of $1.06 billion in 2024, rising from $252.42 million in 2015. The previous period was $1.04 billion in 2023. See where experts think Cadence Design Systems is headed by visiting Cadence Design Systems' forecast page.

What is Cadence Design Systems's operating income?

Cadence Design Systems's total operating income in 2024 was $1.35 billion, based on the following breakdown:

Total Gross Profit: $3.99 billion
Total Operating Expenses: $2.64 billion

How has Cadence Design Systems revenue changed over the last 9 years?

Over the last 9 years, Cadence Design Systems' total revenue changed from $1.70 billion in 2015 to $4.64 billion in 2024, a change of 172.7%.

How much debt does Cadence Design Systems have?

Cadence Design Systems' total liabilities were at $4.30 billion at the end of 2024, a 89.9% increase from 2023, and a 343.7% increase since 2015.

How much cash does Cadence Design Systems have?

In the past 9 years, Cadence Design Systems' cash and equivalents has ranged from $465.23 million in 2016 to $2.64 billion in 2024, and is currently $2.64 billion as of their latest financial filing in 2024.

How has Cadence Design Systems' book value per share changed over the last 9 years?

Over the last 9 years, Cadence Design Systems' book value per share changed from 4.63 in 2015 to 17.04 in 2024, a change of 268.4%.

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This page (NASDAQ:CDNS) was last updated on 5/21/2025 by MarketBeat.com Staff

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