What is Cadence Design Systems's EV / sales?

Cadence Design Systems (CDNS) reported EV / sales of 13.7× in Q1 2026.

What does EV / sales mean?

What the whole business costs relative to its annual sales.

How do you interpret EV / sales?

A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.

How does EV / sales compare across companies?

Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.

Cadence Design Systems CDNS EV / sales

EV / sales at other companies

SynopsysSNPS

11.9×+1.5×

RambusRMBS

12.7×+3.7×

Keysight TechnologiesKEYS

9.9×+5.1×

Teradyne, Inc.TER

12.2×+7.8×

KLA CorporationKLAC

15.2×+6.9×

Credo Technology Group Holding LtdCRDO

23.2×+7.2×

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/total revenue=13.7×

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 / sales?: Cadence Design Systems (CDNS) reported EV / sales of 13.7× in Q1 2026.
What does EV / sales mean?: What the whole business costs relative to its annual sales.
How do you interpret EV / sales?: A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.
How does EV / sales compare across companies?: Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.