Cadence Design (CDNS) | Financial Analysis & Statements

Cadence Design Systems Inc. | Large-cap | Technology

$326.81

5.10%

Cadence Design vs Salesforce Cadence Design vs Intuit Cadence Design vs Uber Technologies Cadence Design vs Adobe Cadence Design vs Applovin Cadence Design vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 4.6B

Gross Profit 4.0B 86.05%

Operating Income 1.4B 29.62%

Net Income 1.1B 22.74%

EPS (Diluted) $3.85

Balance Sheet Metrics

Total Assets 9.0B

Total Liabilities 4.3B

Shareholders Equity 4.7B

Debt to Equity 0.92

Cash Flow Metrics

Operating Cash Flow 1.4B

Free Cash Flow 1.1B

Revenue & Profitability Trend

Cadence Design Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	4.6B	4.1B	3.6B	3.0B	2.7B
Cost of Goods Sold	647.5M	435.0M	371.6M	307.0M	305.5M
Gross Profit	4.0B	3.7B	3.2B	2.7B	2.4B
Operating Expenses	2.6B	2.4B	2.1B	1.9B	1.7B
Operating Income	1.4B	1.3B	1.1B	778.0M	654.8M
Pre-tax Income	1.4B	1.3B	1.0B	768.4M	632.7M
Income Tax	340.3M	240.8M	196.4M	72.5M	42.1M
Net Income	1.1B	1.0B	849.0M	696.0M	590.6M
EPS (Diluted)	$3.85	$3.82	$3.09	$2.50	$2.11

Income Statement Trend

Cadence Design Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	4.0B	2.0B	1.7B	1.7B	1.5B
Non-Current Assets	5.0B	3.7B	3.4B	2.7B	2.5B
Total Assets	9.0B	5.7B	5.1B	4.4B	4.0B
Liabilities
Current Liabilities	1.4B	1.6B	1.3B	971.2M	796.8M
Non-Current Liabilities	2.9B	674.4M	1.0B	674.4M	661.0M
Total Liabilities	4.3B	2.3B	2.4B	1.6B	1.5B
Equity
Total Shareholders Equity	4.7B	3.4B	2.7B	2.7B	2.5B

Balance Sheet Composition

Cadence Design Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	1.1B	1.0B	849.0M	696.0M	590.6M
Operating Cash Flow	1.4B	1.3B	1.2B	1.1B	911.1M
Investing Activities
Capital Expenditures	-142.5M	-102.3M	-123.2M	-65.3M	-94.8M
Investing Cash Flow	-837.1M	-412.1M	-737.6M	-291.4M	-292.2M
Financing Activities
Dividends Paid	-	-	-	-	-
Financing Cash Flow	1.2B	-953.6M	-1.1B	-643.8M	-875.3M
Free Cash Flow	1.1B	1.2B	1.1B	1.0B	810.1M

Cash Flow Trend

Cadence Design Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 74.70

Forward P/E 42.86

Price to Book 16.78

Price to Sales 16.44

PEG Ratio 42.86

Profitability Ratios

Profit Margin 22.19%

Operating Margin 29.09%

Return on Equity 25.92%

Return on Assets 12.73%

Financial Health

Current Ratio 3.07

Debt to Equity 51.86

Beta 0.98

Per Share Data

EPS (TTM) $3.93

Book Value per Share $17.49

Revenue per Share $17.93

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
cdns	80.2B	74.70	16.78	25.92%	22.19%	51.86
Salesforce	251.8B	41.22	4.16	10.31%	16.08%	19.81
Intuit	211.8B	61.82	10.53	17.84%	19.07%	0.35
Uber Technologies	191.4B	16.03	8.71	69.38%	27.07%	48.57
Adobe	160.6B	24.16	14.09	52.25%	30.39%	57.33
Applovin	109.9B	58.82	190.89	287.51%	37.39%	644.74

Financial data is updated regularly. All figures are in the company's reporting currency.