CDNS NASDAQ
Cadence Design Systems, Inc.
1W: -1.1%
1M: -1.2%
3M: -6.5%
YTD: +3.8%
1Y: -4.5%
3Y: +31.5%
5Y: +104.5%
$343.08
+20.91 (+6.49%)
After Hours: $345.25 (+2.17, +0.63%)
Weekly Expected Move ±5.6%
$281
$299
$316
$334
$352
Credit Risk of going bust: lower than 83% of companies Debt: 2.7% of company value Bonds: $67.5M held by 134 funds, 47 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.80 (down 99.8%), Cadence Design Systems, Inc. would be worth roughly what it owes.
Total debt $2.48B against a stock market value of $88.72B.
Distance to default 10.53 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $1.24B (short-term plus half of long-term), stock volatility 40.8%; Altman Z'' 5.31. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $0.80 (down 99.8%), Cadence Design Systems, Inc. would be worth roughly what it owes.
Total debt $2.48B against a stock market value of $88.72B.
Distance to default 10.53 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $1.24B (short-term plus half of long-term), stock volatility 40.8%; Altman Z'' 5.31. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Revenue by Segment (5-Year Trend)
Income Trends
Revenue
$5.3B
+14.1% ▲
5Y CAGR: +14.6%
Gross Profit
$4.6B
+14.5% ▲
5Y CAGR: +14.0%
Operating Income
$1.6B
+22.1% ▲
5Y CAGR: +20.6%
Net Income
$1.1B
+5.1% ▲
5Y CAGR: +13.4%
EPS (Diluted)
$4.06
+5.5% ▲
5Y CAGR: +14.0%
EBITDA
$1.9B
+12.3% ▲
5Y CAGR: +18.4%
Profit Margins
Year-over-Year Growth
View Full Income Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.6B | $4.1B | $4.6B | $5.3B |
| YoY Growth | +11.4% | +19.2% | +14.8% | +13.5% | +14.1% |
| Cost of Revenue | $307M | $372M | $435M | $648M | $722M |
| Gross Profit | $2.7B | $3.2B | $3.7B | $4.0B | $4.6B |
| Gross Margin | 89.7% | 89.6% | 89.4% | 86.0% | 86.4% |
| R&D Expenses | $1.1B | $1.3B | $1.4B | $1.5B | $1.8B |
| SG&A Expenses | $749M | $846M | $933M | $1.0B | $1.1B |
| Operating Expenses | $1.9B | $2.1B | $2.4B | $2.6B | $2.9B |
| Operating Income | $779M | $1.1B | $1.3B | $1.4B | $1.6B |
| Operating Margin | 26.1% | 30.1% | 30.6% | 29.1% | 31.1% |
| Interest Expense | $17M | $23M | $36M | $76M | $117M |
| Income Before Tax | $768M | $1.0B | $1.3B | $1.4B | $1.5B |
| Tax Expense | $72M | $196M | $241M | $340M | $413M |
| Net Income | $696M | $849M | $1.0B | $1.1B | $1.1B |
| Net Margin | 23.3% | 23.8% | 25.5% | 22.7% | 20.9% |
| EPS (Diluted) | $2.50 | $3.09 | $3.82 | $3.85 | $4.06 |
| EBITDA | $916M | $1.2B | $1.5B | $1.7B | $1.9B |
| Shares Outstanding | 279M | 275M | 273M | 274M | 273M |