Cadence Design Systems, Inc.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 2.99B | 3.56B | 4.09B | 4.64B | 5.30B | 14.1% | |
| Cost of Revenue | (307.01M) | (371.62M) | (435.04M) | (647.50M) | (722.25M) | 11.5% | |
Gross Profit | 2.68B | 3.19B | 3.65B | 3.99B | 4.57B | 14.5% | |
| Operating Expenses | |||||||
| Research & Development | (1.13B) | (1.25B) | (1.44B) | (1.55B) | (1.77B) | 14.2% | |
| Selling, General & Administrative | (749.28M) | (846.34M) | (932.75M) | (1.03B) | (1.12B) | 8.2% | |
| General & Administrative | (189.02M) | (242.12M) | (242.43M) | (273.96M) | (313.39M) | 14.4% | |
| Selling & Marketing | (560.26M) | (604.22M) | (690.32M) | (757.48M) | (802.63M) | 6.0% | |
| Depreciation & Amortization | (130.70M) | (135.43M) | (145.74M) | (195.01M) | (233.84M) | 19.9% | |
Operating Income (EBIT) | 779.09M | 1.07B | 1.25B | 1.35B | 1.65B | 22.1% | |
| Non-Operating Items | |||||||
| Interest Income | 2.63M | 10.10M | 29.64M | 62.48M | 101.58M | 62.6% | |
| Interest Expense | (16.98M) | (22.93M) | (36.19M) | (76.00M) | (116.54M) | 53.3% | |
| Other Income/Expenses (Net) | -10.65M | -28.32M | 30.70M | 45.06M | -127.74M | -383.5% | |
Income Before Tax | 768.43M | 1.05B | 1.28B | 1.40B | 1.52B | 9.0% | |
| Income Tax Expense | (72.48M) | (196.41M) | (240.78M) | (340.33M) | (413.15M) | 21.4% | |
Net Income | 695.96M | 848.95M | 1.04B | 1.06B | 1.11B | 5.1% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $3 | $3 | $4 | $4 | $4 | 5.1% | |
| Weighted Avg Shares Outstanding | 273.50M | 271.20M | 269.38M | 271.21M | 271.33M | 0.0% | |
| Weighted Avg Shares Outstanding (Diluted) | 278.86M | 275.01M | 272.75M | 273.83M | 273.31M | -0.2% | |
EBITDA | 916.12M | 1.20B | 1.46B | 1.67B | 1.87B | 12.3% |
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