What is Cadence Design Systems's EV / EBITDA?

Cadence Design Systems (CDNS) reported EV / EBITDA of 41.4× in Q1 2026.

What does EV / EBITDA mean?

What the whole business (debt included) costs relative to its operating cash earnings.

How do you interpret EV / EBITDA?

Lets you compare companies with different leverage and tax positions on a like-for-like basis — the standard multiple in M&A. Lower can mean cheaper, subject to growth and capital intensity.

How does EV / EBITDA compare across companies?

Broadly comparable across non-financial sectors; not used for banks and insurers, where EBITDA is not meaningful.

Cadence Design Systems CDNS EV / EBITDA

EV / EBITDA at other companies

SynopsysSNPS

49.5×+8.4×

RambusRMBS

31.4×+9.5×

Keysight TechnologiesKEYS

48.3×+23.5×

Teradyne, Inc.TER

40.9×+23.9×

KLA CorporationKLAC

32.8×+13.5×

Credo Technology Group Holding LtdCRDO

64.6×-53.5×

Other financials

Income statement

See full

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

See full

Cash & equivalents$1.4B-49.4%

Total debt$177.2M—

Total equity$6.6B+37.4%

Total assets$12.1B+34.2%

Cash flow

See full

Operating cash flow$355.8M-27.0%

CapEx$48.8M+112%

Free cash flow$307.0M-33.8%

Valuation

See full

Market cap$107.46B+10.0%

Enterprise value$106.23B—

P/E91.8×+1.4×

P/S19.4×-0.6×

Profitability

See full

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.

enterprise value/ebitda=41.4×

Based on the most recent quarter.

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 EV / EBITDA?: Cadence Design Systems (CDNS) reported EV / EBITDA of 41.4× in Q1 2026.
What does EV / EBITDA mean?: What the whole business (debt included) costs relative to its operating cash earnings.
How do you interpret EV / EBITDA?: Lets you compare companies with different leverage and tax positions on a like-for-like basis — the standard multiple in M&A. Lower can mean cheaper, subject to growth and capital intensity.
How does EV / EBITDA compare across companies?: Broadly comparable across non-financial sectors; not used for banks and insurers, where EBITDA is not meaningful.