Quality Scorecard Growth
Growth-stage checklist (proxy metrics from yfinance). 12 of 12 criteria scored. Not financial advice.
Buy-Now Score
Comparative rank: 40% Quality + 30% Trajectory + 30% Valuation — higher = better buy now. Not financial advice.
Valuation
DCF: 14% start growth → 2.5%, 10.2% discount (band $75.70–$134.70). Analyst: 25 analysts. MarketGist fair = 80% analyst + 20% DCF. Not financial advice.
Key Trends (6-yr)
Company Overview
Basic Information
Company Details
Business Description
Cadence Design Systems, Inc. develops computational, AI-driven software, hardware, and silicon intellectual property products and solutions. The company offers functional verification services, such as Jasper, a formal verification platform; Xcelium, a parallel logic simulation platform; Verisium, a generative AI solution; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification, as well as digital IC design and sign off products, including In novus platform; and custom IC design and simulation product include Virtuoso, a platform to design and verify analog. It also provides Xcelium logic simulator and other front-end verification and virtual prototyping technologies; controllers and physical interfaces; PCI Express, universal accelerator and compute express links, and multiple memory interfaces; and Ten Silica, a digital signal processor. In addition, the company's design IP portfolio includes serializer/deserializer, peripheral component interconnect, USB, and other standard protocols; and Secure-IC, a solution for embedded security IP. Additionally, it provides System Design and Analysis (SD&A) platform, a solution that enables end-to-end system-level design and verification across chips, packages, PCBs, and electronic systems; Allegro X and Orca X platforms for PCB and advanced packaging; Sigrity X for signal and power integrity; AIR for RF design; Fidelity for computational fluid dynamics; Celsius for thermal and airflow analysis; Clarity 3D solver for electromagnetic and power electronics analysis and simulation; Integrity 3D-IC solution for 3D-IC and multi-chiplet designs; the Optimality Intelligent System Explorer, Reality digital twin, and Millennium enterprise multiphasic platforms; Allegro system design platform; and molecular modeling and simulation solutions and services. The company has a strategic collaboration with NVIDIA. The company was incorporated in 1987 and is headquartered in San Jose, California.
Key Metrics
Price & Valuation
Profitability
Financial Health
Trading & Analyst Info
52-Week Range
Analyst Recommendations
Price graph
Price vs Rates, Inflation & Volume (long-term)
Fundamental Trends
Quarterly Verdict
Heuristic from the Quality Scorecard + quarter-over-quarter trends. Not financial advice.
Financial Statements
Income Statement (Annual)
| Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Tax Effect Of Unusual Items | $-30.00M | $6.76M | $5.44M | $-2.76M |
| Tax Rate For Calcs | $0.27 | $0.24 | $0.19 | $0.19 |
| Normalized EBITDA | $1.98B | $1.64B | $1.43B | $1.22B |
| Total Unusual Items | $-110.71M | $27.69M | $28.95M | $-14.68M |
| Total Unusual Items Excluding Goodwill | $-110.71M | $27.69M | $28.95M | $-14.68M |
| Net Income From Continuing Operation Net Minority Interest | $1.11B | $1.06B | $1.04B | $848.95M |
| Reconciled Depreciation | $233.84M | $195.01M | $145.74M | $135.43M |
| Reconciled Cost Of Revenue | $528.34M | $482.86M | $307.46M | $254.66M |
| EBITDA | $1.87B | $1.67B | $1.46B | $1.20B |
| EBIT | $1.64B | $1.47B | $1.32B | $1.07B |
| Net Interest Income | $-14.96M | $-13.52M | $-6.55M | $-12.84M |
| Interest Expense | $116.54M | $76.00M | $36.19M | $22.93M |
| Interest Income | $101.58M | $62.48M | $29.64M | $10.10M |
| Normalized Income | $1.19B | $1.03B | $1.02B | $860.87M |
| Net Income From Continuing And Discontinued Operation | $1.11B | $1.06B | $1.04B | $848.95M |
Showing 15 of 53 rows
Balance Sheet (Annual)
| Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Treasury Shares Number | $59.10M | $57.05M | $57.45M | $56.48M | N/A |
| Ordinary Shares Number | $271.80M | $273.85M | $271.71M | $272.68M | N/A |
| Share Issued | $330.90M | $330.90M | $329.16M | $329.16M | N/A |
| Total Debt | $2.62B | $2.59B | $764.41M | $887.41M | N/A |
| Tangible Book Value | $2.01B | $1.70B | $1.53B | $1.02B | N/A |
| Invested Capital | $7.95B | $7.15B | $4.05B | $3.49B | N/A |
| Working Capital | $3.03B | $2.65B | $385.35M | $359.07M | N/A |
| Net Tangible Assets | $2.01B | $1.70B | $1.53B | $1.02B | N/A |
| Capital Lease Obligations | $136.29M | $108.89M | $115.36M | $139.34M | N/A |
| Common Stock Equity | $5.47B | $4.67B | $3.40B | $2.75B | N/A |
| Total Capitalization | $7.95B | $7.15B | $3.70B | $3.39B | N/A |
| Total Equity Gross Minority Interest | $5.47B | $4.67B | $3.40B | $2.75B | N/A |
| Stockholders Equity | $5.47B | $4.67B | $3.40B | $2.75B | N/A |
| Gains Losses Not Affecting Retained Earnings | $-1.80M | $-190.45M | $-94.75M | $-91.64M | N/A |
| Other Equity Adjustments | $-1.80M | $-190.45M | $-94.75M | $-91.64M | N/A |
Showing 15 of 76 rows
Cash Flow Statement (Annual)
| Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $1.59B | $1.12B | $1.25B | $1.12B | N/A |
| Repurchase Of Capital Stock | $-1.09B | $-787.76M | $-836.53M | $-1.16B | N/A |
| Repayment Of Debt | $0.00 | $-1.35B | $-150.00M | $-485.00M | N/A |
| Issuance Of Debt | $0.00 | $3.20B | $50.00M | $885.00M | N/A |
| Issuance Of Capital Stock | $145.90M | $204.24M | $132.96M | $105.33M | N/A |
| Capital Expenditure | $-141.87M | $-142.54M | $-102.50M | $-124.22M | N/A |
| Interest Paid Supplemental Data | $111.95M | $43.22M | $34.93M | $21.12M | N/A |
| Income Tax Paid Supplemental Data | N/A | $509.98M | $253.70M | $233.24M | $146.42M |
| End Cash Position | $3.00B | $2.64B | $1.01B | $882.33M | N/A |
| Beginning Cash Position | $2.64B | $1.01B | $882.33M | $1.09B | N/A |
| Effect Of Exchange Rate Changes | $38.00M | $-26.80M | $-7.53M | $-52.83M | N/A |
| Changes In Cash | $319.28M | $1.66B | $133.35M | $-153.79M | N/A |
| Financing Cash Flow | $-948.98M | $1.24B | $-803.57M | $-657.05M | N/A |
| Cash Flow From Continuing Financing Activities | $-948.98M | $1.24B | $-803.57M | $-657.05M | N/A |
| Net Other Financing Charges | N/A | $-23.83M | N/A | $-425.00K | $-1.28M |
Showing 15 of 58 rows