CADENCE DESIGN SYSTEMS INC (CDNS) Overview
Technology • Nasdaq • CIK 0000813672
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Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. iex.io/legal/hist-data-terms
Market Cap
$91.45B
P/E (TTM)
66.2x
Rev Growth (TTM)
+17.6%
Net Margin (TTM)
22.5%
FCF Yield (TTM)
1.9%
FCF Margin (TTM)
28.8%
Figures as of September 30, 2026
Filings
Primary-source SEC disclosures, read end-to-end. SEC figures cite the filing they come from.
10-Q2026 Q32026-10-27source
8-KEarnings2026-10-26source
10-Q2026 Q22026-07-28source
8-KEarnings2026-07-27source
8-KMay 20262026-05-11source
What your agent reads
Investor Relations
Company-published material — management’s own words, not SEC-audited. Each source below is labeled so your agent knows what to verify.
Company-published, not SEC-audited
Earnings
Q3
21 days ago
8-K releaseRevenue
$1.63B
+22.0%
Net Income
N/A
—
EPS
$1.05
Flat
Withheld (net income): Withheld: this is not the figure the release prints for this line and period. It is another line's or one segment's figure, is printed nowhere, or is at the wrong unit or scale (cents served as dollars, millions as thousands). Check the filing.
Most recent quarterly earnings snapshot
Cash Flow Health
Free Cash Flow8/8 positive
TTM$1.8B
Q3 '26
$361.9M-38%
Q2 '26
$582.3M+90%
FCF Margin
TTM28.8%
Q3 '2622.2%-40%
Sector: 10.0%Top 25%
OCF Margin
32.1%
OCF/NI1.43x
CapEx Coverage
9.6x
FCF Yield1.9%
FCF Growth (3Y)+13%
Cash Conversion Cycle
–
DSO: 59+DIO: 143−DPO: –
Cash flow trends & capital efficiency
Capital Allocation
Total Shareholder YieldTTM
TTM1.1%
Dividend & Payout Metrics
Dividend Yield (TTM)—
Free Cash Flow (TTM)$1.8B
Stock Repurchases (TTM)$1.0B
Capital Return / FCF56.7%
Shares Outstanding (YoY)0.8%
Shows how management rewards shareholders
Valuation Metrics
Price-to-EarningsTTM
66.2x
Volatile
8Q: 66.9x-767%
Valuation Lenses
Earnings
66.2x
vs – sector
Cash Flow
52.5x
EV/FCF vs –
Growth-Adj
2.2xPEG
Expensive for growth
Quality-Adj
4.1P/E per %ROIC
ROIC: 16.0%
Shareholder Returns
Dividend
–
Buyback
1.1%
Total Yield
1.1%
Market Cap$91.45B
EV$92.63B
Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. iex.io/legal/hist-data-terms
Multi-angle valuation analysis with sector context
Margins & Efficiency
ROIC 75th pctile
Profitability Cascade
Gross
85.7%
Operating
28.9%
Top 25% in sector
Net
22.5%
Margins Unknown
Return on Invested CapitalTTM
16.0%
Stable
-0.0% YoY8Q: 17.2%-4.9%
P25MedianP75
75th pctl (med: 4.4%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
21.7%
8Q: 22.7%
Asset Turnover
0.54x
8Q: 0.55x
Leverage (1+D/E)
1.38x
D/E: 0.38x
DuPont: 16.3% ≈ 16.0% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
11.34x
8Q:11.21x
+5.2%
Invested Cap Turn
0.77x
8Q:0.81x
-11.1%
CapEx Intensity
2.6%
8Q:2.4%
CapEx/Depreciation
0.53x
FCF vs Net Margin Gap+6.2 pts
Margin trends, ROIC, and capital efficiency
Balance Sheet & Solvency
ND/EBITDA -0.1x
Net Debt / EBITDA
-0.1xNet Debt: $1.18B
Interest Coverage
14.0x
+Strong interest coverage: 14.0x
Leverage Metrics
Debt-to-Equity
0.38x
Balance sheet risk & solvency analysis
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