Financials Cadence Design Systems, Inc.

Equities

CDNS

US1273871087

Software

Market Closed - Nasdaq Other stock markets 04:00:00 2026-02-13 pm EST			5-day change	1st Jan Change
299.46 ^USD	+3.86%		+5.62%	-4.20%

Feb. 12	Cadence Design Gets 'Warning' Shot, Oppenheimer Says	MT
Feb. 10	Cadence Unleashes ChipStack Ai Super Agent	CI

Projected Income Statement: Cadence Design Systems, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	2,683	2,988	3,562	4,090	4,641	5,281	5,942	6,674
Change	-	11.38%	19.19%	14.83%	13.48%	13.79%	12.51%	12.33%
EBITDA ¹	1,090	1,246	1,568	1,817	2,110	2,526	2,914	3,365
Change	-	14.37%	25.85%	15.85%	16.15%	19.7%	15.35%	15.47%
EBIT ¹	944.1	1,104	1,436	1,672	1,914	2,338	2,684	3,061
Change	-	16.94%	30.1%	16.39%	14.47%	22.17%	14.81%	14.06%
Interest Paid ¹	-20.75	-16.98	-22.93	-36.18	-76	-117.7	-103.5	-79.05
Earnings before Tax (EBT) ¹	632.7	768.4	1,045	1,282	1,396	1,514	1,961	2,312
Change	-	21.44%	36.04%	22.63%	8.88%	8.46%	29.56%	17.9%
Net income ¹	590.6	696	849	1,041	1,055	1,086	1,446	1,710
Change	-	17.83%	21.98%	22.64%	1.38%	2.92%	33.15%	18.25%
Announcement Date	2/22/21	2/22/22	2/13/23	2/12/24	2/18/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	759.9	736	728.3	750.9	773	901.8	857.5	902.6	899.9	1,022	976.6	1,023	1,069	1,009	1,061	1,215	1,356	1,242	1,275	1,339	1,424	1,384	1,439	1,506	1,602	1,543	1,592	1,677
Change	-	-3.14%	-1.05%	3.1%	2.95%	16.65%	-4.91%	5.25%	-0.3%	13.54%	-4.42%	4.76%	4.45%	-5.57%	5.11%	14.6%	11.56%	-8.38%	2.66%	4.97%	6.37%	-2.8%	4%	4.6%	6.36%	-3.66%	3.19%	5.35%
EBITDA ¹	320.7	316.3	323.2	303.5	307.7	431.5	396.5	386.1	354.4	461.4	441.5	456.9	469	361.4	445.8	501.8	692.5	570.9	599.9	694.6	700.3	648.1	689.5	742.8	799.9	716.5	751.1	815.9
Change	-	-1.38%	2.19%	-6.11%	1.38%	40.25%	-8.11%	-2.63%	-8.2%	30.18%	-4.31%	3.5%	2.64%	-22.95%	23.37%	12.57%	37.99%	-17.56%	5.08%	15.78%	0.83%	-7.46%	6.4%	7.73%	7.69%	-10.43%	4.83%	8.63%
EBIT ¹	282.1	280.1	287.6	268.3	272.3	396.7	363.6	355.6	320.5	427	405.4	420.6	430.5	321.8	398.2	446.8	637.8	518	546.2	637.9	646.3	603.1	639.6	689.7	738.6	680.7	718	776.1
Change	-	-0.71%	2.7%	-6.72%	1.49%	45.67%	-8.33%	-2.22%	-9.86%	33.22%	-5.04%	3.73%	2.35%	-25.24%	23.73%	12.21%	42.75%	-18.79%	5.46%	16.78%	1.32%	-6.68%	6.06%	7.83%	7.08%	-7.84%	5.49%	8.09%
Charge d'intérêts ¹	-4.873	-4.217	-4.316	-4.196	-4.251	-4.108	-4.281	-5.463	-9.082	-9.26	-8.877	-9.059	-8.989	-8.692	-12.9	-24.5	-29.91	-29.12	-28.95	-29.04	-30.62	-28.02	-27.58	-27.2	-26.9	-16	-14	-12
Earnings before Tax (EBT) ¹	186.2	202.4	183.3	188.7	194.1	309.9	272.6	252.3	210.5	321.5	298.4	300	362.1	310	315.7	333.4	436.7	355.7	280.6	392.8	465.8	439.6	454.9	481.5	562.9	503.9	516.7	558.9
Change	-	8.72%	-9.46%	2.96%	2.84%	59.71%	-12.03%	-7.47%	-16.55%	52.71%	-7.17%	0.51%	20.71%	-14.37%	1.83%	5.61%	30.96%	-18.54%	-21.11%	39.98%	18.58%	-5.61%	3.48%	5.86%	16.89%	-10.48%	2.55%	8.17%
Net income ¹	173.7	187.2	155.9	176.3	176.6	235.3	186.9	186.3	240.4	241.8	221.1	254.3	323.9	247.6	229.5	238.1	340.2	273.6	160.1	287.1	361.5	317.4	327.3	361.4	404.9	400.1	411.1	445.8
Change	-	7.73%	-16.71%	13.09%	0.15%	33.27%	-20.57%	-0.33%	29.03%	0.59%	-8.55%	15.01%	27.36%	-23.54%	-7.32%	3.74%	42.88%	-19.59%	-41.5%	79.39%	25.92%	-12.22%	3.13%	10.42%	12.04%	-1.19%	2.74%	8.45%
Announcement Date	2/22/21	4/26/21	7/26/21	10/25/21	2/22/22	4/25/22	7/25/22	10/24/22	2/13/23	4/24/23	7/24/23	10/23/23	2/12/24	4/22/24	7/22/24	10/28/24	2/18/25	4/28/25	7/28/25	10/27/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Cadence Design Systems, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-232	-741	-134	-359	-168	-592	-1,709	-3,302
Change	-	-219.4%	81.92%	-167.91%	53.2%	-252.7%	-188.68%	-93.21%
Announcement Date	2/22/21	2/22/22	2/13/23	2/12/24	2/18/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Cadence Design Systems, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	94.81	65.3	123.2	102.3	142.5	145.2	157.3	180.2
Change	-	-31.13%	88.7%	-16.94%	39.29%	1.84%	8.36%	14.54%
Free Cash Flow (FCF) ¹	810.1	1,036	1,119	1,247	1,118	1,565	1,893	2,290
Change	-	27.84%	8.02%	11.47%	-10.34%	39.95%	20.99%	20.97%
Announcement Date	2/22/21	2/22/22	2/13/23	2/12/24	2/18/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Cadence Design Systems, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	40.62%	41.71%	44.04%	44.43%	45.47%	47.83%	49.04%	50.41%
EBIT Margin (%)	35.19%	36.95%	40.33%	40.87%	41.23%	44.26%	45.17%	45.87%
EBT Margin (%)	23.58%	25.72%	29.35%	31.34%	30.07%	28.66%	33.01%	34.65%
Net margin (%)	22.02%	23.29%	23.84%	25.46%	22.74%	20.57%	24.34%	25.63%
FCF margin (%)	30.2%	34.66%	31.41%	30.49%	24.09%	29.63%	31.86%	34.31%
FCF / Net Income (%)	137.16%	148.81%	131.77%	119.77%	105.92%	144.03%	130.88%	133.89%
Profitability
ROA	21.4%	22.03%	24.64%	25.99%	22.34%	16.39%	17.95%	15.05%
ROE	34.02%	35.1%	42.78%	45.68%	40.49%	38.08%	36.98%	34.89%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	3.53%	2.19%	3.46%	2.5%	3.07%	2.75%	2.65%	2.7%
CAPEX / EBITDA (%)	8.7%	5.24%	7.86%	5.63%	6.75%	5.75%	5.4%	5.35%
CAPEX / FCF (%)	11.7%	6.3%	11.01%	8.21%	12.75%	9.28%	8.31%	7.87%
Items per share
Cash flow per share ¹	3.236	3.948	4.516	4.947	4.603	6.017	7.617	9.7
Change	-	22.01%	14.38%	9.54%	-6.94%	30.7%	26.6%	27.34%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	8.937	9.83	10.12	12.48	17.23	20.02	23.65	29.42
Change	-	9.99%	2.97%	23.3%	38.07%	16.18%	18.15%	24.37%
EPS ¹	2.11	2.5	3.09	3.82	3.85	3.851	5.308	6.198
Change	-	18.48%	23.6%	23.62%	0.79%	0.04%	37.82%	16.77%
Nbr of stocks (in thousands)	278,931	277,141	274,316	272,062	274,263	272,201	272,201	272,201
Announcement Date	2/22/21	2/22/22	2/13/23	2/12/24	2/18/25	-	-	-