Educational research on US and Indian equities, ETFs, mutual funds and crypto, with screeners and a free investing academy.
All data is for educational purposes only and should not be considered investment advice.
Equiscale is operated by Syntellia LLC, a Delaware limited liability company.
© 2026 Syntellia LLC. All rights reserved.
Cadence Design Systems, Inc. develops computational, AI-driven software, hardware, and silicon intellectual property products and solutions. The company offers functional verification services, such as Jasper, a formal verification platform; Xcelium, a parallel logic simulation platform; Verisium, a generative AI solution; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification, as well as digital IC design and sign off products, including In novus platform; and custom IC design and simulation product include Virtuoso, a platform to design and verify analog. It also provides Xcelium logic simulator and other front-end verification and virtual prototyping technologies; controllers and physical interfaces; PCI Express, universal accelerator and compute express links, and multiple memory interfaces; and Ten Silica, a digital signal processor. In addition, the company's design IP portfolio includes serializer/deserializer, peripheral component interconnect, USB, and other standard protocols; and Secure-IC, a solution for embedded security IP. Additionally, it provides System Design and Analysis (SD&A) platform, a solution that enables end-to-end system-level design and verification across chips, packages, PCBs, and electronic systems; Allegro X and Orca X platforms for PCB and advanced packaging; Sigrity X for signal and power integrity; AIR for RF design; Fidelity for computational fluid dynamics; Celsius for thermal and airflow analysis; Clarity 3D solver for electromagnetic and power electronics analysis and simulation; Integrity 3D-IC solution for 3D-IC and multi-chiplet designs; the Optimality Intelligent System Explorer, Reality digital twin, and Millennium enterprise multiphasic platforms; Allegro system design platform; and molecular modeling and simulation solutions and services. The company has a strategic collaboration with NVIDIA. The company was incorporated in 1987 and is headquartered in San Jose, California.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $5.3B | $1.9B | $1.1B | $1.6B | 20.3% | 14.1% | 5.1% |
| 2024 | $4.6B | $1.7B | $1.1B | $1.1B | 22.6% | 13.5% | 1.4% |
| 2023 | $4.1B | $1.5B | $1.0B | $1.2B | 30.6% | 14.8% | 22.6% |
| 2022 | $3.6B | $1.2B | $849M | $1.1B | 30.9% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 5,296.76 |
| Operating Revenue | 5,296.76 |
| Cost Of Revenue | 722.25 |
| Gross Profit | 4,574.51 |
| Operating Expense | 2,924.73 |
| Research And Development | 1,768.77 |
| Selling General And Administration | 1,116.02 |
| Total Expenses | 3,646.98 |
| Operating Income | 1,649.78 |
| Total Operating Income As Reported | 1,492.04 |
| EBITDA | 1,872.43 |
| Normalized EBITDA | 1,983.14 |
| EBIT | 1,638.58 |
| Interest Income | 101.58 |
| Interest Expense | 116.54 |
| Net Interest Income | -14.96 |
| Other Non Operating Income Expenses | -2.07 |
| Other Income Expense | -112.78 |
| Interest Income Non Operating | 101.58 |
| Interest Expense Non Operating | 116.54 |
| Net Non Operating Interest Income Expense | -14.96 |
| Pretax Income | 1,522.04 |
| Tax Provision | 413.16 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -30 |
| Net Income Continuous Operations | 1,108.89 |
| Net Income From Continuing And Discontinued Operation | 1,108.89 |
| Net Income From Continuing Operation Net Minority Interest | 1,108.89 |
| Net Income | 1,108.89 |
| Net Income Common Stockholders | 1,108.89 |
| Net Income Including Noncontrolling Interests | 1,108.89 |
| Normalized Income | 1,189.60 |
| Diluted NI Availto Com Stockholders | 1,108.89 |
| Basic Average Shares | 271.33 |
| Diluted Average Shares | 273.31 |
| Reconciled Depreciation | 233.84 |
| Reconciled Cost Of Revenue | 528.34 |
| Total Unusual Items | -110.71 |
| Total Unusual Items Excluding Goodwill | -110.71 |
| Special Income Charges | -146.24 |
| Other Special Charges | 128.54 |
| Restructuring And Mergern Acquisition | 29.19 |
| Gain On Sale Of Security | 35.53 |
| Depreciation Amortization Depletion Income Statement | 39.94 |
| Depreciation And Amortization In Income Statement | 39.94 |
| General And Administrative Expense | 313.39 |
| Other Gand A | 313.39 |
| Gain On Sale Of Ppe | 11.50 |
| Selling And Marketing Expense | 802.63 |
| Amortization | 39.94 |
| Amortization Of Intangibles Income Statement | 39.94 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Cadence Design Systems, Inc.this co. | CDNS | $113.5B | 102.40↑ premium | 20.74 | 20.3% | 60.35 |
| ServiceNow, Inc. | NOW | $123.1B | 70.42 | 9.50 | 13.5% | 40.30 |
| Accenture plc | ACN | $110.1B | 14.34 | 3.53 | 24.6% | 9.00 |
| Fortinet, Inc. | FTNT | $109.7B | 59.16 | 88.61 | 149.8% | 44.07 |
| Adobe Inc. | ADBE | $104.5B |
| - |
| - |
| - |
| - |
| - |
| - |
| 14.65 |
| 8.99 |
| 61.3% |
| 10.65 |
| Synopsys, Inc. | SNPS | $94.7B | 71.07 | 3.34 | 4.7% | 42.40 |
| Automatic Data Processing, Inc. | ADP | $92.5B | 22.66 | 14.94 | 65.9% | 14.76 |
| Datadog, Inc. | DDOG | $86.7B | 804.83 | 23.23 | 2.9% | 430.85 |
| Intuit Inc. | INTU | $82.6B | 21.35 | 4.19 | 19.6% | 14.66 |
| Peer Median | - | 40.91 | 9.24 | 22.1% | 27.53 | |