Cadence Design Systems, Inc. (CDNS)

NASDAQ: CDNS · Real-Time Price · USD

269.29

+2.14 (0.80%)

At close: Mar 25, 2025, 4:00 PM

269.37

+0.08 (0.03%)

After-hours: Mar 25, 2025, 5:04 PM EST

Cadence Design Systems Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022	Jan '21 Jan 2, 2021	2020 - 2016
Revenue	4,641	4,090	3,562	2,988	2,683	Upgrade
Revenue Growth (YoY)	13.48%	14.83%	19.19%	11.38%	14.83%	Upgrade
Cost of Revenue	647.5	435.04	371.62	307.01	305.5	Upgrade
Gross Profit	3,994	3,655	3,190	2,681	2,377	Upgrade
Selling, General & Admin	1,025	920.65	836.24	746.68	668.49	Upgrade
Research & Development	1,549	1,442	1,252	1,134	1,034	Upgrade
Operating Expenses	2,605	2,381	2,106	1,901	1,720	Upgrade
Operating Income	1,389	1,274	1,084	780.64	657.17	Upgrade
Interest Expense	-76	-36.19	-22.93	-16.98	-20.75	Upgrade
Interest & Investment Income	62.48	29.64	10.1	2.63	3.82	Upgrade
Currency Exchange Gain (Loss)	-0.97	-5.49	-0.46	-2.79	4.43	Upgrade
Other Non Operating Income (Expenses)	-1.2	-2.71	-0.86	5.9	4.65	Upgrade
EBT Excluding Unusual Items	1,373	1,260	1,070	769.41	649.32	Upgrade
Merger & Restructuring Charges	-38.37	-23.11	-10.16	-1.55	-11.62	Upgrade
Gain (Loss) on Sale of Investments	60.74	45.45	-14.17	0.58	-4.95	Upgrade
Pretax Income	1,396	1,282	1,045	768.44	632.75	Upgrade
Income Tax Expense	340.34	240.78	196.41	72.48	42.1	Upgrade
Net Income	1,055	1,041	848.95	695.96	590.64	Upgrade
Net Income to Common	1,055	1,041	848.95	695.96	590.64	Upgrade
Net Income Growth	1.38%	22.64%	21.98%	17.83%	-40.28%	Upgrade
Shares Outstanding (Basic)	271	269	271	274	274	Upgrade
Shares Outstanding (Diluted)	274	273	275	279	280	Upgrade
Shares Change (YoY)	0.40%	-0.82%	-1.38%	-0.28%	-0.31%	Upgrade
EPS (Basic)	3.89	3.86	3.13	2.54	2.16	Upgrade
EPS (Diluted)	3.85	3.82	3.09	2.50	2.11	Upgrade
EPS Growth	0.78%	23.63%	23.60%	18.48%	-40.23%	Upgrade
Free Cash Flow	1,118	1,247	1,119	1,036	810.11	Upgrade
Free Cash Flow Per Share	4.08	4.57	4.07	3.71	2.90	Upgrade
Gross Margin	86.05%	89.36%	89.57%	89.73%	88.61%	Upgrade
Operating Margin	29.93%	31.16%	30.43%	26.12%	24.50%	Upgrade
Profit Margin	22.74%	25.46%	23.84%	23.29%	22.02%	Upgrade
Free Cash Flow Margin	24.09%	30.48%	31.41%	34.66%	30.20%	Upgrade
EBITDA	1,586	1,420	1,216	922.95	802.82	Upgrade
EBITDA Margin	34.17%	34.71%	34.14%	30.89%	29.92%	Upgrade
D&A For EBITDA	196.94	145.29	132.09	142.31	145.65	Upgrade
EBIT	1,389	1,274	1,084	780.64	657.17	Upgrade
EBIT Margin	29.93%	31.16%	30.43%	26.12%	24.50%	Upgrade
Effective Tax Rate	24.38%	18.78%	18.79%	9.43%	6.65%	Upgrade
Revenue as Reported	4,641	4,090	3,562	2,988	2,683	Upgrade

Updated Feb 21, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q