What is Cadence Design Systems's enterprise value?

Cadence Design Systems (CDNS) reported enterprise value of $75.49B in Q1 2026.

What does enterprise value mean?

What it would cost to buy the entire business, debt included and cash netted out.

How do you interpret enterprise value?

The capital-structure-neutral valuation base — used in EV/EBITDA and EV/Sales to compare companies with different leverage on a like-for-like footing.

How does enterprise value compare across companies?

Comparable across non-financial companies via the EV multiples it feeds; not used for banks and insurers.

Cadence Design Systems CDNS Enterprise value

Enterprise value at other companies

SynopsysSNPS

$103.09B+59.9%

RambusRMBS

$9.19B+68.4%

Keysight TechnologiesKEYS

$60.34B+147%

Teradyne, Inc.TER

$46.25B+259%

KLA CorporationKLAC

$198.85B+107%

Credo Technology Group Holding LtdCRDO

$30.96B+344%

Other financials

Income statement

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Revenue$1.5B+18.7%

Operating income$431.3M+19.3%

Net income$335.7M+22.7%

EPS (diluted)$1.23+23.0%

Balance sheet

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Cash & equivalents$1.4B-49.4%

Total debt$177.2M—

Total equity$6.6B+37.4%

Total assets$12.1B+34.2%

Cash flow

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Operating cash flow$355.8M-27.0%

CapEx$48.8M+112%

Free cash flow$307.0M-33.8%

Valuation

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Market cap$107.46B+10.0%

P/E91.8×+1.4×

P/S19.4×-0.6×

Profitability

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Operating margin28.3%-1.7pp

Net margin21.2%-1.0pp

Returns & leverage

See full

Return on equity20.7%-5.3pp

Debt / equity0×—

Current ratio1.5×-1.6×

Where this comes from

Calculated from Cadence Design Systems’s reported figures.

$76.7Bmarket cap+$177.2Mtotal debt−$1.4Bcash and equivalents=$75.49B

The official record: Cadence Design Systems’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cadence Design Systems's enterprise value?: Cadence Design Systems (CDNS) reported enterprise value of $75.49B in Q1 2026.
What does enterprise value mean?: What it would cost to buy the entire business, debt included and cash netted out.
How do you interpret enterprise value?: The capital-structure-neutral valuation base — used in EV/EBITDA and EV/Sales to compare companies with different leverage on a like-for-like footing.
How does enterprise value compare across companies?: Comparable across non-financial companies via the EV multiples it feeds; not used for banks and insurers.