Cadence Design Systems
Financial Performance
Cadence Design Systems Revenue & Financials
Revenue
$4.6B (FY2024)
Market Cap
$76.5B
Employees
11,200
What is Cadence Design Systems's revenue?
Cadence Design Systems had $4.6B in revenue for fiscal year 2024, up 13.4% from 2023.
- Latest revenue
- $4.6B (FY2024)
- Year-over-year
- +13.4%
- Growth rate (CAGR)
- 15.8% over 3 years
- Peak revenue
- $4.6B (FY2024)
- Years of data
- 4
- Employees
- 11,200
- How many employees does Cadence Design Systems have?
- Cadence Design Systems has about 11,200 employees.
Financial Analysis
Cadence delivers industry-leading financial performance marked by superior operating profitability, rapid revenue expansion, and elite free cash flow generation. In fiscal 2024, Cadence generated revenue of $4.64 billion, up 13.5% year-over-year, driven by broad-based demand for AI hardware emulation and advanced node digital design seats. Non-GAAP operating margin expanded to a remarkable 42.8%, among the highest of any publicly traded enterprise software company globally. Operating cash flow reached $1.45 billion, with free cash flow representing approximately 90% of operating cash flow. Cadence maintains a fortress balance sheet with over $1.8 billion in total liquidity and modest debt, directing surplus cash flow toward strategic share repurchases and tuck-in technology acquisitions.
Revenue Trend Analysis
YoY Change
+13.4%
3-Year CAGR
+15.8%
Peak Year
2024
Trend
Consistent Growth
Cadence Design Systems has 4 full fiscal year figures on this page, compounding at +15.8% annually over 3 years. The most recent year saw a 13.4% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $4.6B. Of 3 comparable year-over-year steps, 3 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2024 | $4.6B | +13.4% |
| FY2023 | $4.1B | +14.8% |
| FY2022 | $3.6B | +19.2% |
| FY2021 | $3B | — |
Click any row to see year details.
Keep researching Cadence Design Systems
Cadence Design Systems Revenue and Financial FAQ
What was Cadence Design Systems's revenue in 2024?
Cadence Design Systems achieved $4.64 billion in revenue for fiscal year 2024.
Is Cadence Design Systems profitable?
Cadence Design Systems's financial performance balances disciplined operating profitability with strategic reinvestment into engineering, infrastructure, and international sales expansion.
How fast is Cadence Design Systems growing?
Cadence Design Systems has achieved solid compound annual revenue growth supported by strong enterprise customer retention and expanding average contract values.
How does Cadence Design Systems fund its capital expenditures?
Cadence Design Systems funds capital outlays through operating cash flows, institutional credit facilities, and equity capital reserves.
What is Cadence Design Systems's debt profile?
Cadence Design Systems maintains a conservative debt-to-capitalization profile, prioritizing financial flexibility and low interest obligations.
Where does Cadence Design Systems reinvest its profits?
Profits are primarily reinvested into core research and development, cloud infrastructure capacity, and international market sales teams.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Cadence Design Systems Revenue & Financials." CorpDigest, https://corpdigest.com/company/cadence-design-systems/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Cadence Design Systems reported $4.6B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/cadence-design-systems/financials" target="_blank" rel="noopener">CorpDigest — Cadence Design Systems financials</a></div>Explore Cadence Design Systems
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