Cadence Design Systems, Inc.

CDNSNASDAQTechnology● Active

$376.19

$-35.49(-8.62%)

Market Cap$103.8B

P/E Ratio—

52W High$416.69

52W Low$262.75

Avg Volume2.4M

Open$402.00

Beta1.15

Overview

Cadence Design Systems, Inc. (CDNS) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CDNS · free cash flow · updated Jun 8, 2026

Core FCF metrics

CDNS · FCF · TTM · margin & CAGR

Free cash flow was $1.59B for FY2025 (fiscal year ending 2025-12-31), up 41.9% year-over-year The FCF margin was 30.0%. Five-year CAGR stands at +14.4%.

FY2025 Free Cash Flow$1.59B▲ +41.9% YoY

Trailing 12M (TTM)$1.43Btrailing 4 quarters sum

FCF Margin30.0%$1.59B ÷ revenue

3-Year CAGR+12.4%FY2022 → FY2025

5-Year CAGR+14.4%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CDNS · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.73B(142M)$1.59B▲ +41.9%30.0%

FY2024$1.26B(143M)$1.12B▼ 10.3%24.1%

FY2023$1.35B(103M)$1.25B▲ +11.5%30.5%

FY2022$1.24B(124M)$1.12B▲ +8.1%31.4%

FY2021$1.10B(67M)$1.03B▲ +27.6%34.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CDNS · P/FCF · FCF yield · FCF per share

Cadence Design Systems, Inc. (CDNS) trades at a FCF yield of 1.38% and a price-to-free-cash-flow ratio of 71.4x. FCF per share stands at $5.27, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.38%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$5.27

TTM FCF ÷ Shares Outstanding

Price / FCF

x71.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x73.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CDNS · cash flow statement · operating / investing / financing

For FY2025, Cadence Design Systems, Inc. generated $1.73B in operating cash flow and spent 142M in capital expenditures, yielding $1.59B in free cash flow.

Operating Activities

+$1.73B

Cash from core business operations

2025-12-31

Investing Activities

−$460.5M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$949.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.73B) − |CapEx| (142M) = FCF ($1.59B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

CDNS vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Cadence Design Systems, Inc.YOU

CDNS

$1.59B+41.9%30.0%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Cadence Design Systems, Inc. (CDNS) reported free cash flow of $1.59B for FY2025 (fiscal year ending 2025-12-31), up 41.9% year-over-year. The FCF margin was 30.0%.

Based on available data, Cadence Design Systems, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $1.59B in FY2025. The 5-year CAGR stands at +14.4%.

Cadence Design Systems, Inc.'s FCF yield is 1.38% and price-to-FCF ratio is 71.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CDNS free cash flow · 8 questions

Cadence Design Systems, Inc. free cash flow was $1.59B for FY2025, up 41.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.43B.

CDNS free cash flowCDNS FCFCDNS FCF 2025CDNS free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Cadence Design Systems, Inc. · Cadence Design Systems, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026