— Know what they know.
/
Not Investment Advice

SNPS

NASDAQ · USD
Synopsys, Inc.
Technology · Software - Infrastructure
CEO Sassine Ghazi Employees 28,000 R&D / revenue 35.1%
Last price
$454.63−2.88%last session
Market cap
$87.1B
P/E (TTM)
78.9x
From 52w high
−15.7%
From 52w low
+25.4%
1-year return
+3.3%
RSI 14 · vs SMA200
49.8 · +2.0%
IS score
62.6/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

SNPS   SPY   XLK (sector ETF) · weekly closes
100120140Jan 26Apr 26Jul 26Oct 26XLK 129SPY 116SNPS 103

Score DNA

Each bar is a 0-100 score within the scored universe
51
Profitability
40
Growth
30
Value
70
Momentum
80
Risk (safety)
74
Quality
55
Balance sheet
78
Earnings quality

Flags

Strengths
✓ Congress buying
Warnings
▲ Share count rising
Observations
Moat model: Weak, Efficient ScalePiotroski 5 / 9Altman Z 3.4Beta 1.233 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
11 open-market sales, $59.6M
Form 144 notices (12m): 11, $63.5M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
3
Last disclosed purchase 2026-06-02
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+51
204 new holders, 138 closed
1,455 filers hold 93.1% · 578 added, 501 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+347
1,545 funds adding shares
1,198 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
33.2%
20-day avg 42.6%, 50-day avg 41.1%
Latest 9.4 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$7.1B
Revenue growth YoY+15.1%
Gross margin77.0%
Operating income$914.9M
Operating margin13.0%
Net income$1.3B
Net margin18.9%
EPS (diluted)$8.04
Cash flow
Operating cash flow$1.5B
Capital expenditure$169.5M
Free cash flow$1.3B
FCF conversion (FCF / OCF)88.8%
Stock-based compensation$893.3M
FCF less SBC$455.9M
Buybacks$0
Dividends$0
Balance sheet & returns
Cash & short-term investments$3.0B
Total debt$13.5B
Net debt$10.5B
Shareholders' equity$28.3B
Goodwill & intangibles$39.6B
Debt / equity0.35
ROE (TTM)3.6%
ROIC (TTM)1.7%
Operating margin by fiscal year
17.9%FY202123.3%FY202224.6%FY202322.4%FY202414.1%FY2025
Revenue $4.2B (FY2021) to $7.1B (FY2025), a 13.8% CAGR.

Valuation

P/E (TTM)78.9x
EV / EBITDA25.3x
Price / sales9.25x
Price / FCF31.2x
FCF yield3.20%
Buyback yield0.00%
SBC / revenue10.1%
Price / book2.80x
Forward P/E FY202630.0x
Forward P/E FY202724.4x
Forward P/E FY202819.9x
Forward multiples divide today's price by Street EPS estimates. Street mean target $554.23 across 13 analysts last quarter is theirs, not ours.

SNPS vs industry median

296 companies in Software - Infrastructure
Gross margin 72.4% 65.7% Operating margin 9.8% -1.8% Net margin 11.4% -5.3% ROIC 1.7% 2.0%
SNPS (TTM)Industry median Asset turnover 0.20 vs industry 0.50 · financial leverage 1.53

Earnings delivery

Next report 2026-12-09 · consensus EPS $4.10
92%
beat rate, 11 of 12 quarters
+4.4%
median EPS surprise
7
longest beat streak
+4+4+2+5+3+9+8-11+4+6+6+7
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-29 to 2026-08-26. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
SNPS Synopsys, Inc. $87.1B78.9x3.6%11.4%+15.1% +3.3%
NET Cloudflare, Inc. $105.4Bn/m-14.4%-24.4%+33.5% +40.2%
FTNT Fortinet, Inc. $124.1B59.1x117.4%29.6%+18.8% +103.4%
SQ Block, Inc. $51.7Bn/m-4.3%1.3%+5.1% —
TWLO Twilio Inc. $37.5B32.5x13.5%71.2%+17.8% +129.9%
ZS Zscaler, Inc. $33.8Bn/m-2.9%-0.4%+25.4% −30.7%
CRWV CoreWeave, Inc. Class A Comm $33.8Bn/m-43.6%-24.3%+245.9% —
CRWD CrowdStrike Holdings, Inc. $232.8B6,459.9x1.3%0.4%+24.3% —
12-month window: SPY +15.9%, sector ETF XLK +29.0%. Past returns describe history only.

Recent 8-K filings

2026-10-05Other Events; Exhibits
2026-08-26Earnings Release; Exhibits
2026-08-26Exit/Disposal Costs
2026-08-12Officer/Director Change
2026-05-27Material Agreement; Officer/Director Change; Regulation FD
2026-05-27Earnings Release; Exhibits

Context

Shares outstanding191,636,642
Free float99.4%
Institutional ownership93.1%
Beta1.23
Dividend yield0.00%
Last dividendNone on file
50 / 200-day average$427.03 / $446.01
Large-cap Technology median P/E34.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where SNPS sits among 82 scored companies in Software - Infrastructure (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureSNPSIndustry medianIndustry percentileSector median
P/E (TTM) 80.9x 30.5x
83rd		 32.0x
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 9.3x 3.5x
79th		 3.9x
Price / book 2.8x 4.9x
26th		 4.4x
Price / tangible book —
Price / free cash flow 31.2x 19.2x
68th		 20.3x
Price / operating cash flow 29.2x 13.8x
77th		 17.9x
Enterprise value $94.4B $5.3B
91st		 $5.5B
EV / sales 10.0x 4.0x
81st		 4.1x
EV / EBITDA 26.7x 20.0x
71st		 18.9x
EV / EBIT 49.1x 25.5x
81st		 26.7x
EV / free cash flow 33.8x 20.5x
71st		 21.9x
Earnings yield 1.2% 2.3%
36th		 2.0%
FCF yield 3.2% 4.6%
40th		 3.3%
Operating cash flow yield 3.4% 7.1%
26th		 4.4%
Graham number (per share) $142.82 $13.16
97th		 $28.08

Profitability (TTM)

MeasureSNPSIndustry medianIndustry percentileSector median
Gross margin 72.4% 70.2%
56th		 55.7%
EBITDA margin 37.5% 13.7%
83rd		 13.7%
Operating margin 9.8% 8.9%
53rd		 8.2%
EBIT margin 20.4% 9.9%
80th		 8.6%
Net margin 11.4% 9.3%
62nd		 5.7%
NOPAT margin 8.1% 7.5%
52nd		 7.0%
FCF margin 29.6% 18.4%
79th		 15.0%
Operating cash flow margin 31.7% 24.1%
65th		 18.4%
R&D / revenue 30.6% 16.6%
95th		 12.9%
SG&A / revenue 24.1% 36.1%
38th		 25.6%
Stock comp / revenue 10.1% 6.6%
69th		 4.4%
Effective tax rate 17.2% 21.0%
38th		 21.0%

Returns on capital

MeasureSNPSIndustry medianIndustry percentileSector median
ROE (on average equity) 3.7% 13.4%
30th		 9.4%
ROA 2.2% 4.7%
37th		 4.1%
ROIC 2.0% 11.3%
32nd		 9.0%
ROCE 4.5% 8.1%
35th		 8.6%
Return on tangible assets 4.0% 6.4%
38th		 5.9%
Cash ROIC (OCF / invested capital) 7.8% 30.3%
8th		 20.7%
Gross profitability (GP / assets) 14.3% 32.4%
12th		 30.0%
ROIC, 3-yr average 10.7% 8.3%
65th		 7.4%
ROIC, 5-yr average 22.3% 8.3%
69th		 7.9%
ROE, 5-yr average 13.2% -2.1%
72nd		 6.9%
Incremental ROIC 117.6% 29.1%
79th		 15.3%

Growth

MeasureSNPSIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 46.4% 14.3%
92nd		 14.3%
Revenue growth (QoQ) 8.8% 5.9%
65th		 6.6%
Revenue CAGR, 3 yr 21.4% 12.0%
75th		 9.6%
Revenue CAGR, 5 yr 18.2% 14.2%
63rd		 11.5%
Gross profit CAGR, 3 yr 19.3% 12.7%
69th		 10.9%
Operating income CAGR, 3 yr -7.1% 17.3%
9th		 11.3%
Net income growth (TTM YoY) -46.1% 16.7%
17th		 21.6%
Net income CAGR, 3 yr 1.3% 10.1%
32nd		 9.9%
EPS growth (TTM YoY) -54.7% 21.5%
10th		 22.3%
EPS CAGR, 3 yr -5.7% 13.1%
19th		 11.2%
EPS CAGR, 5 yr 3.1% 13.8%
19th		 12.0%
FCF growth (TTM YoY) 114.2% 17.2%
78th		 24.6%
FCF CAGR, 3 yr 20.4% 21.6%
47th		 19.3%
Operating cash flow CAGR, 3 yr 19.0% 22.3%
41st		 17.9%
Book value CAGR, 3 yr 61.5% 7.1%
93rd		 6.8%
Dividend CAGR, 3 yr —
Sustainable growth rate 3.7% 15.9%
19th		 14.2%

Margin history & stability

MeasureSNPSIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 75.8% 70.5%
68th		 53.2%
Operating margin, 3-yr average 17.7% 5.3%
79th		 6.6%
Net margin, 3-yr average 22.5% 3.4%
87th		 5.2%
FCF margin, 3-yr average 22.2% 14.7%
66th		 12.7%
Revenue stability (0-1) 0.84 0.96
25th		 0.87
Earnings stability (0-1) 0.36 0.57
38th		 0.45
Margin stability (0-1) 0.97 0.96
58th		 0.95

Liquidity (latest quarter)

MeasureSNPSIndustry medianIndustry percentileSector median
Cash & short-term investments $3.6B $689.5M
88th		 $494.1M
Net cash (− = net debt) −$7.2B $140.9M
7th		 $49.8M
Working capital $1.7B $260.0M
88th		 $391.0M
Current ratio 1.34 1.42
47th		 1.92
Quick ratio 1.24 1.38
44th		 1.67
Cash ratio (cash + ST investments / current liabilities) 0.73 0.94
43rd		 0.95
Defensive interval (days) 305 days 494 days
22nd		 521 days

Leverage & solvency (latest quarter)

MeasureSNPSIndustry medianIndustry percentileSector median
Total debt $10.8B $511.2M
96th		 $349.3M
Debt / equity 0.35 0.39
49th		 0.29
Net debt / equity 0.23 −0.33
68th		 −0.13
Debt / assets 22.7% 27.1%
44th		 16.9%
Debt / capital 25.8% 29.8%
49th		 22.3%
Debt / EBITDA 3.07 2.44
56th		 1.78
Net debt / EBITDA 2.05 −0.49
73rd		 −0.18
Interest coverage (EBIT / interest) 3.1x 3.9x
38th		 5.8x
Cash interest coverage 4.8x 14.1x
30th		 12.8x
Debt payback (years of OCF) 3.6 yrs 2.2 yrs
64th		 1.6 yrs
Liabilities / assets 34.7% 63.9%
16th		 48.7%
IS credit model rating BBB+ — —
Implied credit spread (bps) 225 225
48th		 175

Efficiency

MeasureSNPSIndustry medianIndustry percentileSector median
Asset turnover 0.20 0.58
10th		 0.62
Fixed asset turnover 6.52 10.05
32nd		 9.25
Inventory turnover 6.0 8.3
36th		 3.8
Receivables turnover 6.9 6.2
64th		 6.2
Days sales outstanding 53 days 58 days
37th		 59 days
Days inventory outstanding 60 days 44 days
64th		 94 days
Days payables outstanding 113 days 32 days
83rd		 46 days
Cash conversion cycle (days) −0 days 34 days
35th		 50 days
Capex / revenue 2.0% 2.1%
49th		 2.3%
Capex / depreciation 0.12 0.47
14th		 0.56
Operating expense ratio 58.1% 57.7%
52nd		 44.3%

Cash flow & earnings quality

MeasureSNPSIndustry medianIndustry percentileSector median
Operating cash flow / net income 2.77 1.79
70th		 1.61
FCF / net income 2.59 1.53
72nd		 1.33
FCF / operating cash flow 93.6% 90.7%
62nd		 88.0%
Capex / operating cash flow 6.4% 9.3%
38th		 12.0%
Accruals ratio -4.0% -7.9%
74th		 -6.3%
Sloan accruals ratio -4.3% -2.3%
40th		 -1.8%
Earnings quality score (0-1) 1.00 0.75
73rd		 0.75

Dividends & buybacks

MeasureSNPSIndustry medianIndustry percentileSector median
Dividend yield 0.0% 0.0%
0th		 0.0%
Dividend per share (TTM) $0.00 $0.00
0th		 $0.00
Payout ratio (dividends / net income) 0.0% 0.0%
0th		 0.0%
Dividends / FCF 0.0% 0.0%
0th		 0.0%
Dividend growth (YoY) —
Buyback yield 0.2% 2.0%
31st		 1.2%
Shareholder yield (dividends + buybacks) 0.2% 2.3%
30th		 1.7%
Share count change (YoY) 18.9% 0.0%
95th		 0.1%
Buybacks, last 5 years $785.1M $224.2M
68th		 $215.3M

Scores & forensic checks

MeasureSNPSIndustry medianIndustry percentileSector median
IS score 63 58
63rd		 56
IS profitability 51 44
58th		 40
IS growth 40 65
16th		 65
IS value 30 37
28th		 39
IS momentum 70 81
34th		 78
IS risk (safety) 80 65
52nd		 100
IS quality 74 68
63rd		 67
IS balance sheet 55 65
43rd		 72
IS earnings quality 78 62
90th		 61
IS cash flow 84 67
75th		 66
Piotroski F-score (0-9) 5 6
16th		 6
Altman Z-score 3.4 2.9
57th		 4.0
Beneish M-score −2.53 −2.61
59th		 −2.58
Ohlson O-score −9.45 −6.95
16th		 −8.00
IS credit score 60 64
46th		 69

Per share

MeasureSNPSIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $5.60 $0.68
86th		 $0.84
Book value per share $161.98 $4.49
100th		 $9.77
Tangible book per share −$37.29 $1.24
5th		 $3.22
Revenue per share $48.96 $10.67
93rd		 $13.00
FCF per share $14.51 $1.54
98th		 $1.78
Operating cash flow per share $15.50 $2.14
95th		 $2.40
Cash per share $18.76 $4.92
88th		 $4.50

Size (TTM)

MeasureSNPSIndustry medianIndustry percentileSector median
Market cap $87.1B $4.3B
91st		 $4.7B
Revenue $9.4B $1.3B
95th		 $1.2B
EBITDA $3.5B $176.5M
96th		 $185.8M
Net income $1.1B $87.5M
91st		 $84.9M
Free cash flow $2.8B $176.3M
94th		 $170.6M
Total assets $47.7B $2.4B
95th		 $2.4B
Shareholders' equity $31.2B $594.2M
98th		 $1.1B
Employees 28,000 2,856
98th		 3,000

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-15Ghazi Sassine
Director, PRESIDENT AND CEO
 Option exercise 14,604$135.88$2.0M91,469
2026-10-15Ghazi Sassine
Director, PRESIDENT AND CEO
 Open-market sale 14,604$462.84$6.8M76,865
2026-10-15Ghazi Sassine
Director, PRESIDENT AND CEO
 Option exercise 14,604$135.88$2.0M0
2026-10-06Lee Janet
GC & Corporate Secretary
 Open-market sale 584$502.64$293,34417,094
2026-10-06Lee Janet
GC & Corporate Secretary
 Open-market sale 560$502.39$281,34116,534
2026-10-06Kankanwadi Sudhindra
Deputy CFO & CAO
 Option exercise 9,170$135.88$1.2M31,887
2026-10-06Kankanwadi Sudhindra
Deputy CFO & CAO
 Open-market sale 9,170$500.00$4.6M22,717
2026-10-06Kankanwadi Sudhindra
Deputy CFO & CAO
 Option exercise 9,170$135.88$1.2M0
2026-10-05Kankanwadi Sudhindra
Deputy CFO & CAO
 Option exercise 3,000$135.88$407,64025,717
2026-10-05Kankanwadi Sudhindra
Deputy CFO & CAO
 Open-market sale 3,000$484.78$1.5M22,717
2026-10-05Kankanwadi Sudhindra
Deputy CFO & CAO
 Option exercise 3,000$135.88$407,6409,170
2026-09-15Ghazi Sassine
Director, PRESIDENT AND CEO
 Option exercise 14,604$135.88$2.0M91,469

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunAugSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired21,082—
Open-market saleDisposed11135,160$59.6M
Option exerciseAcquired20147,167$17.7M
Option exerciseDisposed20147,167$17.7M
OtherAcquired4103$37,179
Tax withholdingDisposed127,348$3.3M
—Disposed10—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 11 notices · 139,317 shares · $63.5M
FiledFilerShares proposedEst. proceeds
2026-10-15Sassine E Ghazi14,604$6.8M
2026-10-06Sudhindra Kankanwadi9,170$4.6M
2026-10-06Janet Lee1,144$574,883
2026-10-05Sudhindra Kankanwadi3,000$1.5M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 9 trades (7 purchases) · Senate 1 (1 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-11Ro KhannaHouseSale$1,001 - $15,0002026-10-09
2026-06-02Ro KhannaHousePurchase$1,001 - $15,0002026-07-08
2026-05-01Ro KhannaHousePurchase$1,001 - $15,0002026-06-11
2026-04-13Ro KhannaHousePurchase$1,001 - $15,0002026-05-13
2026-03-27Alan ArmstrongSenatePurchase$1,001 - $15,0002026-07-21
2024-05-03Tommy TubervilleSenateSale (Full)$1,001 - $15,0002024-06-14
2024-05-03Tommy TubervilleSenateSale (Full)$1,001 - $15,0002024-06-13
2024-05-03Thomas Hawley TubervilleSenateSale (Full)$1,001 - $15,0002024-06-13
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.16,203,958$7.2B8.46%
VANGUARD CAPITAL MANAGEMENT LLC12,507,020$5.6B6.53%
STATE STREET CORP9,073,873$4.0B4.73%
Invesco Ltd.6,028,804$2.7B3.15%
FMR LLC5,989,785$2.7B3.13%
GEODE CAPITAL MANAGEMENT, LLC4,510,929$2.0B2.35%
VANGUARD PORTFOLIO MANAGEMENT LLC4,493,481$2.0B2.34%
VAN ECK ASSOCIATES CORP3,457,249$1.5B1.80%
Aspex Management3,112,646$1.4B1.62%
VICTORY CAPITAL MANAGEMENT INC2,860,290$1.3B1.49%
GOLDMAN SACHS GROUP INC2,736,953$1.2B1.43%
MORGAN STANLEY2,685,463$1.2B1.40%
Assenagon Asset Management S.A.2,455,402$1.1B1.28%
UBS Group AG2,388,143$1.1B1.25%
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC2,292,225$1.0B1.20%

Institutional ownership by quarter

2023-092026-0693.1%
% of shares held by 13F filers
2023-092026-061,455
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,45593.1%204578501138
2026-03-311,40488.5%186581482166
2025-12-311,41389.8%215426630207
2025-09-301,43588.1%287712331134
2025-06-301,30273.7%161552421133
2025-03-311,29171.8%156561408144
2024-12-311,29869.7%195486452118
2024-09-301,25169.1%132503445126
2024-06-301,26069.9%130566395105
2024-03-311,25169.0%173522401114
2023-12-311,20669.2%23842539456
2023-09-301,04270.3%11237039373

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%14,343,552
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-11-13SCHEDULE 13G/ACapital World Investors4.2%7,738,862
2025-05-13SCHEDULE 13GCapital World Investors5.1%7,934,173
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.11%$2.6B
VSMPX0.11%$2.6B
VTSAX0.11%$2.6B
VTI0.11%$2.6B
VFFSX0.13%$2.2B
VFIAX0.13%$2.2B

Share structure

Shares outstanding191,636,642
Float190,523,237
Free float99.4%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$4.2B$4.6B$5.3B$6.1B$7.1B
Cost of revenue$895.7M$898.0M$1.2B$1.2B$1.6B
Gross profit$3.3B$3.7B$4.1B$4.9B$5.4B
R&D$1.5B$1.6B$1.8B$2.1B$2.5B
SG&A$1.0B$956.3M$1.1B$1.4B$1.8B
Operating income$753.6M$1.1B$1.4B$1.4B$914.9M
EBITDA$1.1B$1.3B$1.7B$1.9B$2.5B
Pretax income$805.5M$1.1B$1.3B$1.5B$1.4B
Income tax$49.2M$139.4M$90.2M$99.7M$56.0M
Net income$757.5M$984.6M$1.2B$2.3B$1.3B
EPS, diluted$4.81$6.29$7.92$14.51$8.04
Diluted shares157.3M156.5M155.2M155.9M161.7M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$1.6B$1.6B$1.6B$4.1B$3.0B
Receivables$568.5M$796.1M$856.7M$934.5M$1.5B
Inventory$229.0M$211.9M$325.6M$361.8M$365.2M
Total current assets$2.8B$3.0B$3.4B$6.5B$6.0B
PP&E, net$965.6M$1.0B$1.1B$1.1B$1.4B
Goodwill & intangibles$3.9B$4.2B$3.6B$3.6B$39.6B
Total assets$8.8B$9.4B$10.3B$13.1B$48.2B
Accounts payable$27.4M$37.6M$154.6M$207.3M$164.8M
Total current liabilities$2.4B$2.8B$3.0B$2.7B$3.7B
Long-term debt$25.1M$20.8M$18.1M$15.6M$13.5B
Total liabilities$3.5B$3.9B$4.1B$4.1B$19.9B
Shareholders' equity$5.3B$5.6B$6.2B$9.0B$28.3B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$757.5M$978.4M$1.2B$2.2B$1.3B
Depreciation & amortization$203.7M$228.4M$247.1M$295.1M$660.4M
Stock-based compensation$345.3M$459.0M$563.3M$692.3M$893.3M
Change in working capital$130.2M−$59.3M−$327.3M−$707.6M−$496.6M
Operating cash flow$1.5B$1.7B$1.7B$1.4B$1.5B
Capital expenditure−$95.7M−$139.1M−$191.8M−$123.2M−$169.5M
Free cash flow$1.4B$1.6B$1.5B$1.3B$1.3B
Investing cash flow−$549.0M−$572.6M−$482.1M$1.2B−$15.9B
Net debt issued / repaid−$28.1M−$76.8M−$2.6M−$2.6M$13.5B
Buybacks−$753.1M−$1.1B−$1.2B−$337.5M$0
Dividends paid$0$0$0$0$0

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin78.7%75.8%76.7%76.6%76.4%
Operating margin17.9%23.3%24.6%22.4%14.1%
Net margin18.0%19.4%22.5%37.0%18.9%
FCF margin33.3%31.6%27.7%21.0%19.1%
ROE14.8%18.2%21.1%29.9%7.1%
ROIC16.2%22.5%23.9%22.8%2.4%
ROA9.0%10.8%12.5%19.3%4.3%
Debt / equity0.130.120.110.080.50
Interest coverage240.2x658.0x1,108.9x44.1x4.1x
Current ratio1.161.091.152.441.62
Revenue growth+14.0%+20.7%+7.6%+12.3%+15.2%
EPS growth+13.7%+31.2%+25.6%+82.7%−43.2%
P/E at year end69.2x46.3x59.1x35.4x55.1x
EV / EBITDA at year end49.7x31.1x44.1x40.5x33.5x
FCF yield at year end2.67%3.51%2.08%1.60%1.84%
Dividend payout0.0%0.0%0.0%0.0%0.0%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Product—$4.2B$4.8B——
License and Maintenance$2.6B$3.0B$3.4B$3.2B$3.5B
License$861.1M$1.2B$1.4B$1.8B$2.0B
Technology Service$709.4M$861.0M$1.0B$1.1B$1.6B

Revenue by region · FY2025

UNITED STATES$3.1B · 44%
Other Countries$1.3B · 18%
KOREA, REPUBLIC OF$947.0M · 13%
Europe$888.5M · 13%
CHINA$814.3M · 12%

Street estimates by fiscal year

Next report 2026-12-09 · consensus EPS $4.10 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$9.7B$9.7B – $9.7B$15.14$15.04 – $15.181430.0x
2027$11.0B$11.0B – $11.0B$18.66$17.37 – $19.611324.4x
2028$12.5B$11.8B – $13.0B$22.89$15.11 – $34.171119.9x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-26$3.67$3.91+6.5%$2.4B$2.5B+1.6%
2026-05-27$3.15$3.35+6.3%$2.3B$2.3B+1.1%
2026-02-25$3.56$3.77+5.9%$2.4B$2.4B+0.8%
2025-12-10$2.78$2.90+4.3%$2.2B$2.3B+0.3%
2025-09-09$3.80$3.39−10.8%$1.8B$1.7B−1.6%
2025-05-28$3.39$3.67+8.3%$1.6B$1.6B+0.2%
2025-02-26$2.79$3.03+8.6%$1.5B$1.5B+0.3%
2024-12-04$3.30$3.40+3.0%$1.6B$1.6B+0.3%
2024-08-21$3.28$3.43+4.6%$1.5B$1.5B+0.4%
2024-05-22$2.95$3.00+1.7%$1.4B$1.5B+1.0%
2024-02-21$3.43$3.56+3.8%$1.6B$1.6B+0.2%
2023-11-29$3.04$3.17+4.3%$1.6B$1.6B+0.9%
2023-08-16$2.73$2.88+5.5%$1.6B$1.5B−6.1%
2023-05-17$2.47$2.54+2.8%$1.4B$1.4B+1.1%
2023-02-15$2.50$2.62+4.8%$1.4B$1.4B+0.3%
2022-11-30$1.84$1.91+3.8%$1.3B$1.3B+0.2%
2022-08-17$2.04$2.10+2.9%$1.2B$1.2B+2.8%
2022-05-18$2.37$2.50+5.5%$1.3B$1.3B+1.7%
2022-02-16$2.37$2.40+1.3%$1.3B$1.3B+0.3%
2021-12-01$1.78$1.82+2.2%$1.3B$1.2B−9.0%
2021-08-18$1.78$1.81+1.7%$1.1B$1.1B−7.5%
2021-05-19$1.52$1.70+11.8%$992.3M$1.0B+3.2%
2021-02-17$1.45$1.52+4.8%$958.4M$970.3M+1.2%
2020-12-02$1.58$1.580.0%$1.0B$1.0B0.0%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
1.106-151.406-220.806-290.807-061.207-131.207-201.307-270.708-030.708-100.808-171.608-241.208-31
Week ofNotionalSharesTrades
2026-08-31$1.2B2,892,17193,501
2026-08-24$1.6B3,661,439107,197
2026-08-17$776.9M1,922,39374,677
2026-08-10$679.8M1,640,79166,427
2026-08-03$699.5M1,742,32673,269
2026-07-27$1.3B3,280,14899,438

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1533.2%
DateShort shareShort volumeTotal volume
2026-10-1533.2%293,541884,482
2026-10-1440.4%484,0351,198,358
2026-10-1343.5%383,323881,609
2026-10-1236.9%262,306710,185
2026-10-0944.2%306,668694,441
2026-10-0849.3%410,618832,543
2026-10-0756.3%387,316688,098
2026-10-0645.3%421,966931,245
2026-10-0540.7%327,034803,545
2026-10-0236.8%363,362987,390
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+1.2Jan+0.4Feb+1.5Mar+0.5Apr+3.2May+0.5Jun+2.3Jul+4.1Aug-1.3Sep+1.6Oct+3.0Nov+1.4Dec
MonthAvg returnUp yearsYears
Jan+1.2%60%20
Feb+0.4%55%20
Mar+1.5%52%21
Apr+0.5%50%20
May+3.2%65%20
Jun+0.5%45%20
Jul+2.3%75%20
Aug+4.1%70%20
Sep−1.3%45%20
Oct+1.6%60%20
Nov+3.0%75%20
Dec+1.4%55%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1449.8
MFI57.0
ADX25.0
Stochastic %K / %D58.8 / 70.5
Williams %R-53.0
CCI-7
TSI / signal26.3 / 26.8
Chaikin money flow0.01
ATR$18.51
Bollinger width33.0%
Volume vs 20-day avg0.95x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$461.33 (−1.5%)
SMA 50$428.01 (+6.2%)
SMA 200$445.91 (+2.0%)
EMA 21$462.20 (−1.6%)
EMA 50$441.21 (+3.0%)
EMA 200$445.78 (+2.0%)
Bollinger upper$537.34 (−15.4%)
Bollinger lower$385.33 (+18.0%)
Parabolic SAR$511.33 (−11.1%)
Open the live chart, 110+ indicators

About Synopsys, Inc.

Synopsys, Inc. is a leading provider of electronic design automation (EDA) software, instrumental in the creation and validation of integrated circuits. The company offers a robust portfolio of platforms, including the Fusion Design Platform for digital implementation, and the comprehensive Verification Continuum Platform. The latter provides a suite of solutions such as virtual prototyping, static and formal verification, simulation, emulation, and FPGA-based prototyping with integrated debugging tools. Synopsys also develops FPGA design products, which enable programming for specific functions. A significant part of its business involves intellectual property (IP) solutions. This encompasses IP for widely adopted communication standards like USB, PCI Express, DDR, Ethernet, SATA, MIPI, HDMI, and Bluetooth Low Energy. They also furnish analog IP, including data converters and audio codecs, alongside system-on-chip (SoC) infrastructure IP, specialized datapath and building block IP, and verification IP products. Furthermore, their offerings include mathematical and floating-point components, as well as Arm AMBA interconnect fabric and peripherals. Beyond core IP, Synopsys supplies logic libraries, embedded memories, and configurable processor cores, complemented by application-specific instruction-set processor tools for embedded applications. They also develop IP subsystems for audio, sensor, and data fusion functionalities, in addition to specialized security IP solutions. For advanced system design and analysis, Synopsys provides Platform Architect solutions for SoC architecture optimization, along with general virtual prototyping tools and HAPS FPGA-based prototyping systems. Their expertise extends to tools designed for optical systems and photonic devices. In addition to software and IP, the company delivers a range of services, including security testing, managed services, professional programs, and training. These services are designed to help customers identify and resolve security vulnerabilities and defects across the software development lifecycle. Manufacturing solutions are also part of their extensive offerings. Synopsys serves a diverse global client base, with applications across electronics, financial services, automotive, medicine, energy, and various industrial sectors. The company was founded in 1986 and is headquartered in Mountain View, California.

https://www.synopsys.com

Key executives

NameTitlePayBorn
Sassine GhaziChief Executive Officer, President & Director$2.1M1970
Shelagh GlaserChief Financial Officer$1.0M1964
Janet LeeGeneral Counsel & Corporate Secretary$501,2551964
Aart J. de GeusCo-Founder & Executive Chairman$366,6731954
Antonio VarasChief Strategy Officer——
Charlie MatarChief IP Development Officer——
Jill LarsenChief People Officer—1973
Raja TabetSVP of Strategic Missions & Technologies——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Sassine Ghazi President and Chief Executive Officer2025$883,846$13.0M$1.2M$19.6M
Shelagh Glaser Chief Financial Officer2025$600,000$4.3M$438,105$6.9M
Rick Mahoney Former Chief Revenue Officer2025$450,000$3.6M$553,163$5.9M
Dr. Aart J. de Geus Executive Chair of the Board of Directors2025$359,615$3.6M$0$5.2M
Janet Lee General Counsel and Corporate Secretary2025$119,501$3.0M$89,136$3.2M
John F. Runkel, Jr Former General Counsel and Corporate Secretary2025$450,000$1.7M$331,898$3.0M

Employees

13k201814k201915k202016k202119k202220k202320k202428k2025

Dividends

Ex-dateAmountPaid
None on file.

Moat model

Weak · Efficient Scale · 2026-07-31
Cost advantage64
Intangibles37
Switching costs17
Network effect45
Efficient scale80
Our component scores (0-100) and overall 45.1; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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