MARKETS / NASDAQ / CDNS

NASDAQ · SERVICES-PREPACKAGED SOFTWARE · LARGE CAP

Cadence Design Systems Inc. CDNS

18 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$5.3B

▲ 14.1% YoY

Net income

$1.1B

▲ 5.1% YoY

Free cash flow

$1.6B

▲ 41.9% YoY

In brief

What this company does

Cadence Design Systems, Inc. develops computational, AI-driven software, accelerated hardware, and silicon intellectual property products and solutions. Its customers include semiconductor companies that design and manufacture integrated circuits, as well as systems companies that design and manufacture electromechanical systems containing various types of semiconductor and other electronics. As of December 31, 2025, it had approximately 13,800 employees. It organizes its offerings into three product categories: Core EDA, Semiconductor IP, and System Design and Analysis (SD&A). The Core EDA category encompasses the software, hardware and services for the design and verification of a wide range of semiconductors. The SD&A category provides solutions and services for the design and verification of complete electronic systems, from PCBs to complex system assemblies.

Written from the business description in CADENCE DESIGN SYSTEMS, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 19 February 2026. Every sentence was checked against that document before publication.

Growth

USD 5.3B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 5.3 · Net income 1.1

Compound annual growth

Revenue

+14.1%

+14.6%

+12.0%

+12.2%

Net income

+9.3%

+13.4%

+16.0%

+15.6%

EPS, diluted

+9.5%

+14.0%

+17.5%

+15.3%

Returned to shareholders

−6.2%

+20.6%

+11.7%

+25.3%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +14.6% a year over five years — but profit grew slower: net income at +13.4%, earnings per share at +14.0%.

The share count fell from 0.28B to 0.27B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

21 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 28.2% · Net 20.9%

ROE

FY2025 · ROE 21.9%

Gross margin—

Operating margin28.2%

Net margin20.9%

Return on assets11.6%

EBITDAUSD 1.7B

Each USD of equity produced 22 cents of profit this year.

Cash & shareholders

USD 779.1M

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 1.6

Net buybacks $M Dividends $M

FY2025 · Dividends — · Net buybacks 779.1

Dividends paid—

Net buybacksUSD 779.1M

Share of profit70.3%

Consecutive raises—

USD 779.1M in buybacks — 70% of the year's profit went back to shareholders.

Total assetsUSD 10.2B

EquityUSD 5.5B

CashUSD 3.0B

Current ratio2.86×

Equity funds 54% of total assets.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	5.3	4.6	4.1	3.6	3.0	2.7	2.3	2.1	1.9	1.8	1.7	1.6	1.5	1.3	1.1	0.9	0.9	1.0
Operating income $B	1.5	1.4	1.3	1.1	0.8	0.6	0.5	0.4	0.3	0.2	0.3	0.2	0.2	0.2	0.1	−0.0	−0.1	−1.6
EBITDA $B	1.7	1.5	1.4	1.2	0.9	0.8	0.6	0.5	0.4	0.4	0.4	0.3	0.3	0.3	0.2	0.1	−0.1	·
Income tax $B	0.4	0.3	0.2	0.2	0.1	0.0	−0.5	0.0	0.1	0.0	0.0	0.0	−0.0	−0.3	0.0	−0.2	−0.0	0.2
Net income $B	1.1	1.1	1.0	0.8	0.7	0.6	1.0	0.3	0.2	0.2	0.3	0.2	0.2	0.4	0.1	0.1	−0.1	−1.9
Free cash flow $B	1.6	1.1	1.2	1.1	1.0	0.8	0.7	0.5	0.4	0.4	0.3	0.3	0.3	0.3	0.2	0.2	−0.0	−0.0
EPS, diluted $	4.06	3.85	3.82	3.09	2.50	2.11	3.53	1.23	0.73	0.70	0.81	0.52	0.56	1.57	0.27	0.48	−0.58	−7.30
Dividend / sh $	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Payout %	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
ROE %	21.9	26.1	33.9	31.0	26.6	25.7	58.3	30.4	23.6	19.2	18.6	12.8	15.9	66.3	21.0	65.7	−101.6	−994.4
Shares out B	0.27	0.27	0.27	0.27	0.28	0.28	0.28	0.28	0.28	0.28	0.31	0.29	0.29	0.28	0.27	0.27	0.27	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 20 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityServices-Prepackaged Software

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2008