CDNS - CADENCE DESIGN SYSTEMS INC

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Jan 1, 2022 10-K ↗	FY 2020 Jan 2, 2021 10-K ↗	FY 2019 Dec 28, 2019 10-K ↗	FY 2018 Dec 29, 2018 10-K ↗	FY 2017 Dec 30, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Jan 2, 2016 10-K ↗	FY 2014 Jan 3, 2015 10-K ↗	FY 2013 Dec 28, 2013 10-K ↗	FY 2012 Dec 29, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Jan 1, 2011 10-K ↗	FY 2009 Jan 2, 2010 10-K ↗	FY 2008 Jan 3, 2009 10-K ↗	FY 2007 Dec 29, 2007 10-K ↗
Revenue Growth YoY (%)	14.1% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+18%)	13.5% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+12%)	14.8% Good → Good Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+24%)	19.2% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+60%)	11.4% Good → Good Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-5%)	14.8% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+24%)	9.3% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-23%)	10.0% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-16%)	7.0% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-42%)	6.7% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-44%)	7.7% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-36%)	8.3% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-31%)	10.1% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-16%)	15.4% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+28%)	22.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+90%)	9.8% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-19%)	-17.9% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-249%)	—	—
EPS Growth YoY (%)	5.1% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	0.8% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	23.3% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	23.2% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	17.6% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	-40.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	187.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	68.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	5.6% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	-19.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	57.1% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	-5.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-63.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	503.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-44.9% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	92.1% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	5.1% Fair ↓ Fair Declining Year-over-year change in net income	1.4% Caution ↓ Caution Declining Year-over-year change in net income	22.6% Good ↑ Good Improving Year-over-year change in net income	22.0% Good ↓ Good Declining Year-over-year change in net income	17.8% Good ↓ Good Declining Year-over-year change in net income	-40.3% Weak ↓ Weak Declining Year-over-year change in net income	186.0% Excellent ↑ Excellent Improving Year-over-year change in net income	69.4% Excellent ↑ Excellent Improving Year-over-year change in net income	0.5% Caution ↓ Caution Declining Year-over-year change in net income	-19.5% Weak ↓ Weak Declining Year-over-year change in net income	58.9% Excellent ↓ Excellent Declining Year-over-year change in net income	-3.3% Weak ↓ Weak Declining Year-over-year change in net income	-62.7% Weak ↓ Weak Declining Year-over-year change in net income	509.1% Excellent ↑ Excellent Improving Year-over-year change in net income	-42.9% Weak Weak Year-over-year change in net income	N/M	91.9% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	41.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-10.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	12.2% Fair ↓ Fair Declining Year-over-year change in free cash flow	8.9% Fair ↓ Fair Declining Year-over-year change in free cash flow	27.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	23.5% Good ↑ Good Improving Year-over-year change in free cash flow	20.8% Good → Good Stable Year-over-year change in free cash flow	30.8% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	10.4% Fair ↑ Fair Improving Year-over-year change in free cash flow	18.8% Good ↑ Good Improving Year-over-year change in free cash flow	18.4% Good ↑ Good Improving Year-over-year change in free cash flow	-15.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	12.2% Fair ↓ Fair Declining Year-over-year change in free cash flow	30.8% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	25.6% Excellent Excellent Year-over-year change in free cash flow	N/M	42.7% Excellent Excellent Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	14.1% Good ↓ Good Declining Compound annual revenue growth over 3 years	15.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	15.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	15.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	11.8% Good ↑ Good Improving Compound annual revenue growth over 3 years	11.4% Good ↑ Good Improving Compound annual revenue growth over 3 years	8.8% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	7.9% Fair → Fair Stable Compound annual revenue growth over 3 years	7.1% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	7.5% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	8.7% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	11.2% Good → Good Stable Compound annual revenue growth over 3 years	16.0% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	15.9% Excellent Excellent Compound annual revenue growth over 3 years	3.4% Caution Caution Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	14.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	14.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	13.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	12.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	10.5% Good ↑ Good Improving Compound annual revenue growth over 5 years	9.5% Good ↑ Good Improving Compound annual revenue growth over 5 years	8.1% Good → Good Stable Compound annual revenue growth over 5 years	7.9% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	7.9% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	9.6% Good ↓ Good Declining Compound annual revenue growth over 5 years	12.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	13.1% Excellent Excellent Compound annual revenue growth over 5 years	7.0% Fair Fair Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	9.3% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	15.3% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	21.4% Excellent → Excellent Stable Compound annual EPS growth over 3 years	-4.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	26.3% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	42.3% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	72.1% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	12.7% Good ↑ Good Improving Compound annual EPS growth over 3 years	10.2% Good ↑ Good Improving Compound annual EPS growth over 3 years	6.4% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	-18.6% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	27.5% Excellent Excellent Compound annual EPS growth over 3 years	6.4% Fair Fair Compound annual EPS growth over 3 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Jan 1, 2022 10-K ↗	FY 2020 Jan 2, 2021 10-K ↗	FY 2019 Dec 28, 2019 10-K ↗	FY 2018 Dec 29, 2018 10-K ↗	FY 2017 Dec 30, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Jan 2, 2016 10-K ↗	FY 2014 Jan 3, 2015 10-K ↗	FY 2013 Dec 28, 2013 10-K ↗	FY 2012 Dec 29, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Jan 1, 2011 10-K ↗	FY 2009 Jan 2, 2010 10-K ↗	FY 2008 Jan 3, 2009 10-K ↗	FY 2007 Dec 29, 2007 10-K ↗
Operating Margin (%) (%)	28.2% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+41%)	29.1% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+46%)	30.6% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+53%)	30.1% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+51%)	26.1% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+30%)	24.1% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+20%)	21.1% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+5%)	18.5% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-7%)	16.7% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	13.5% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-33%)	16.8% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-16%)	13.1% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-35%)	12.9% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-35%)	16.0% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-20%)	10.5% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-48%)	-3.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-115%)	-14.5% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-172%)	-151.5% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-857%)	—
Effective Tax Rate (%) (%)	27.1% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.4% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	18.8% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	18.8% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	9.4% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	6.7% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-106.5% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	8.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	35.2% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.4% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	5.7% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	12.2% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-3.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-133.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.3% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	301.6% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—
Profit Margin (%) (%)	20.9% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+40%)	22.7% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+52%)	25.5% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+70%)	23.8% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+59%)	23.3% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+55%)	22.0% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+47%)	42.3% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+182%)	16.2% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+8%)	10.5% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-30%)	11.2% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-25%)	14.8% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	10.1% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-33%)	11.2% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-25%)	33.2% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+121%)	6.3% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-58%)	13.5% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-10%)	-17.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-217%)	-178.8% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1292%)	—
FCF Margin (%) (%)	30.0% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	24.1% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	30.5% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	31.4% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	34.7% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	30.2% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	28.0% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	25.4% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	21.2% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	21.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	19.6% Good → Good Stable Free cash flow as a percentage of revenue Optimal: > 10%	17.5% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	22.1% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	21.1% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	18.2% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	17.6% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	-1.8% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-2.6% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.43x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.06x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.20x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.32x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.49x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.37x Good → Good Stable Free cash flow relative to reported net income Optimal: > 1x	0.66x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.57x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	2.02x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.93x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.32x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	1.74x Excellent → Excellent Stable Free cash flow relative to reported net income Optimal: > 1x	1.96x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.64x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.89x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.30x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.10x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.01x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Jan 1, 2022 10-K ↗	FY 2020 Jan 2, 2021 10-K ↗	FY 2019 Dec 28, 2019 10-K ↗	FY 2018 Dec 29, 2018 10-K ↗	FY 2017 Dec 30, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Jan 2, 2016 10-K ↗	FY 2014 Jan 3, 2015 10-K ↗	FY 2013 Dec 28, 2013 10-K ↗	FY 2012 Dec 29, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Jan 1, 2011 10-K ↗	FY 2009 Jan 2, 2010 10-K ↗	FY 2008 Jan 3, 2009 10-K ↗	FY 2007 Dec 29, 2007 10-K ↗
Return on Invested Capital (%)	19.9% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	21.9% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	29.9% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	31.8% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	25.7% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	24.2% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	48.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	28.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	21.2% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	28.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	19.6% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	13.6% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	16.9% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	54.0% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	22.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	21.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-90.1% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-665.7% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	14.7% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	15.1% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	22.1% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	20.9% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	17.8% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	16.3% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	14.6% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	16.0% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	13.4% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	11.7% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	12.2% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	6.4% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	7.8% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	9.3% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	6.8% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	-1.7% Weak Weak Operating profit relative to total assets Optimal: > 10%	-8.8% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	20.3% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+9%)	22.6% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+22%)	30.6% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+65%)	30.9% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+67%)	25.4% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+37%)	23.7% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+28%)	47.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+154%)	26.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+45%)	20.6% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+12%)	27.4% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+48%)	18.3% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	11.9% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-36%)	14.2% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-23%)	48.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+160%)	17.6% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-5%)	45.7% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+147%)	-138.3% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-848%)	—	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Jan 1, 2022 10-K ↗	FY 2020 Jan 2, 2021 10-K ↗	FY 2019 Dec 28, 2019 10-K ↗	FY 2018 Dec 29, 2018 10-K ↗	FY 2017 Dec 30, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Jan 2, 2016 10-K ↗	FY 2014 Jan 3, 2015 10-K ↗	FY 2013 Dec 28, 2013 10-K ↗	FY 2012 Dec 29, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Jan 1, 2011 10-K ↗	FY 2009 Jan 2, 2010 10-K ↗	FY 2008 Jan 3, 2009 10-K ↗	FY 2007 Dec 29, 2007 10-K ↗
Interest Coverage (x)	12.80x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	17.77x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	34.58x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	46.82x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	45.88x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	31.11x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	26.12x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	17.12x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	12.62x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	10.35x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	10.08x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	6.06x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	5.03x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	6.09x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	2.80x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	-0.80x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-4.28x Weak Weak Operating income divided by interest expense Optimal: > 5x	-57.41x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-3.00B	$-2.64B	$-1.01B	$-882.33M	$-1.09B	$-928.43M	$-705.21M	$-533.30M	$-688.09M	$-465.23M	$-616.69M	$-932.16M	$-536.26M	$-726.36M	$-601.60M	$-557.41M	$-569.12M	$-568.25M	$-1.06B

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Jan 1, 2022 10-K ↗	FY 2020 Jan 2, 2021 10-K ↗	FY 2019 Dec 28, 2019 10-K ↗	FY 2018 Dec 29, 2018 10-K ↗	FY 2017 Dec 30, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Jan 2, 2016 10-K ↗	FY 2014 Jan 3, 2015 10-K ↗	FY 2013 Dec 28, 2013 10-K ↗	FY 2012 Dec 29, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Jan 1, 2011 10-K ↗	FY 2009 Jan 2, 2010 10-K ↗	FY 2008 Jan 3, 2009 10-K ↗	FY 2007 Dec 29, 2007 10-K ↗
Revenue per Share (USD)	$19.52	$17.11	$15.18	$13.13	$10.93	$9.80	$8.55	$7.81	$7.14	$6.38	$5.91	$5.58	$5.26	$4.90	$4.36	$3.59	$3.31	$4.08	—
Basic EPS, GAAP (USD)	$4.09	$3.89	$3.86	$3.13	$2.54	$2.16	$3.62	$1.26	$0.75	$0.71	$0.88	$0.56	$0.59	$1.63	$0.27	$0.49	$-0.58	$-7.30	—
Free Cash Flow per Share (USD)	$5.85	$4.12	$4.63	$4.12	$3.79	$2.96	$2.40	$1.98	$1.52	$1.37	$1.16	$0.98	$1.16	$1.04	$0.79	$0.63	$-0.06	$-0.11	—
Book Value per Share (USD)	$20.14	$17.07	$12.53	$10.07	$9.90	$8.94	$7.51	$4.60	$3.51	$2.67	$4.45	$4.57	$4.01	$3.26	$1.51	$1.04	$0.40	$0.73	—
Tangible Book Value per Share (USD)	$7.38	$6.21	$5.64	$3.73	$5.70	$5.38	$4.53	$1.43	$0.16	$-0.32	$1.71	$1.44	$1.34	$1.77	$0.80	$0.44	$0.40	$0.73	—
Basic Weighted Avg Shares (shares)	271.33M	271.21M	269.38M	271.20M	273.50M	273.73M	273.24M	273.73M	272.10M	284.50M	288.02M	283.35M	277.80M	270.48M	263.89M	260.79M	257.78M	254.32M	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Jan 1, 2022 10-K ↗	FY 2020 Jan 2, 2021 10-K ↗	FY 2019 Dec 28, 2019 10-K ↗	FY 2018 Dec 29, 2018 10-K ↗	FY 2017 Dec 30, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Jan 2, 2016 10-K ↗	FY 2014 Jan 3, 2015 10-K ↗	FY 2013 Dec 28, 2013 10-K ↗	FY 2012 Dec 29, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Jan 1, 2011 10-K ↗	FY 2009 Jan 2, 2010 10-K ↗	FY 2008 Jan 3, 2009 10-K ↗	FY 2007 Dec 29, 2007 10-K ↗
Working Capital (USD)	$3.03B	$2.65B	$385.35M	$359.07M	$744.54M	$681.78M	$496.95M	$242.11M	$337.59M	$116.47M	$427.93M	$458.64M	$72.88M	$173.97M	$48.62M	$181.86M	$452.85M	—	—
Total Equity (USD)	$5.47B	$4.67B	$3.40B	$2.75B	$2.74B	$2.49B	$2.10B	$1.29B	$989.20M	$741.77M	$1.38B	$1.33B	$1.16B	$915.17M	$411.13M	$276.65M	$108.37M	$186.71M	$2.17B

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Jan 1, 2022 10-K ↗	FY 2020 Jan 2, 2021 10-K ↗	FY 2019 Dec 28, 2019 10-K ↗	FY 2018 Dec 29, 2018 10-K ↗	FY 2017 Dec 30, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Jan 2, 2016 10-K ↗	FY 2014 Jan 3, 2015 10-K ↗	FY 2013 Dec 28, 2013 10-K ↗	FY 2012 Dec 29, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Jan 1, 2011 10-K ↗	FY 2009 Jan 2, 2010 10-K ↗	FY 2008 Jan 3, 2009 10-K ↗	FY 2007 Dec 29, 2007 10-K ↗
Sales/Revenue/Turnover (USD)	$5.30B	$4.64B	$4.09B	$3.56B	$2.99B	$2.68B	$2.34B	$2.14B	$1.94B	$1.82B	$1.70B	$1.58B	$1.46B	$1.33B	$1.15B	$935.95M	$852.63M	$1.04B	—
Depreciation Expense (USD)	$227.83M	$196.94M	$145.29M	$132.09M	$142.31M	$145.65M	$122.79M	$118.72M	$115.52M	$119.59M	$118.17M	$115.63M	$98.31M	$89.22M	$91.65M	$61.70M	—	—	—
Net Income, GAAP (USD)	$1.11B	$1.06B	$1.04B	$848.95M	$695.96M	$590.64M	$988.98M	$345.78M	$204.10M	$203.09M	$252.42M	$158.90M	$164.24M	$439.95M	$72.23M	$126.54M	$-149.87M	$-1.86B	—
Operating Cash Flow (USD)	$1.73B	$1.26B	$1.35B	$1.24B	$1.10B	$904.92M	$729.60M	$604.75M	$470.74M	$444.88M	$378.20M	$316.72M	$367.61M	$315.99M	$240.34M	$199.14M	$25.64M	$70.29M	—

CADENCE DESIGN SYSTEMS INC

Analytical Summary

19-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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