Cadence Design Systems
$330.19Change from previous close: +1.86%Absolute change: +$6.02
At a glance
- Revenue growth
- +14.12%
- 2025 vs 2024
- Net income growth
- +5.06%
- 2025 vs 2024
- Net margin
- 20.9%
- 2024: 22.7%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | 5,297 | 4,641 | 4,090 | 3,562 | 2,988 |
| Cost of revenue | 722 | 648 | 435 | 372 | 307 |
| Gross profit | 4,575 | 3,994 | 3,655 | 3,190 | 2,681 |
| Selling, general and administrative | 1,086 | 1,017 | 921 | 836 | 747 |
| Research and development | 1,769 | 1,549 | 1,442 | 1,252 | 1,134 |
| Operating income | 1,680 | 1,397 | 1,274 | 1,084 | 781 |
| EBIT | 1,680 | 1,397 | 1,274 | 1,084 | 781 |
| EBITDA | 1,908 | 1,594 | 1,420 | 1,216 | 923 |
| Interest expense | 117 | 76.0 | 36.2 | 22.9 | 17.0 |
| Pre-tax income | 1,522 | 1,396 | 1,282 | 1,045 | 768 |
| Income tax | 413 | 340 | 241 | 196 | 72.5 |
| Net income | 1,109 | 1,055 | 1,041 | 849 | 696 |
| Net income to common shareholders | 1,109 | 1,055 | 1,041 | 849 | 696 |
| Basic EPS | 4.09 | 3.89 | 3.86 | 3.13 | 2.54 |
| Diluted EPS | 4.06 | 3.85 | 3.82 | 3.09 | 2.50 |
| Average shares (basic) | 271 | 271 | 269 | 271 | 274 |
| Average shares (diluted) | 273 | 274 | 273 | 275 | 279 |