Cadence Design Systems Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.30B | $4.36B | $4.09B | $3.56B | $2.99B | $2.68B | $2.34B | $2.14B |
| Product | — | $2.38B | $2.28B | $1.98B | $1.60B | $1.41B | $1.22B | $1.05B |
| Maintenance | — | $1.61B | $1.48B | $1.35B | $1.19B | $1.11B | $1.00B | $946.1M |
| Services | — | $365.0M | $333.7M | $233.2M | $197.2M | $166.4M | $119.0M | $138.4M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $313.4M | $274.0M | $242.4M | $242.1M | $154.4M | — | $139.8M | $133.4M |
| Operating Income | $1.49B | $1.35B | $1.25B | $1.07B | $645.6M | — | $491.8M | $396.2M |
| Operating Margin | 28.2% | 31.0% | 30.6% | 30.1% | 21.6% | — | 21.0% | 18.5% |
| Interest Expense | $116.5M | $76.0M | $36.2M | $22.9M | $20.7M | — | $18.8M | $23.1M |
| Pretax Income | $1.52B | $1.40B | $1.28B | $1.05B | $632.7M | — | $479.0M | $376.4M |
| Income Tax Expense | $413.2M | $340.3M | $240.8M | $196.4M | $42.1M | — | $-510.0M | $30.6M |
| Net Income | $1.11B | $1.06B | $1.04B | $849.0M | $590.6M | — | $989.0M | $345.8M |
| Net Margin | 20.9% | 24.2% | 25.5% | 23.8% | 19.8% | — | 42.3% | 16.2% |
| EPS (Basic) | $4.09 | $3.89 | $3.86 | $3.13 | $2.16 | — | $3.62 | $1.26 |
| EPS (Diluted) | $4.06 | $3.85 | $3.82 | $3.09 | $2.11 | — | $3.53 | $1.23 |
| Shares Outstanding (Basic) | 271.3M | 271.2M | 269.4M | 271.2M | 273.7M | 280.2M | 273.2M | 273.7M |
| Shares Outstanding (Diluted) | 273.3M | 273.8M | 272.7M | 275.0M | 279.6M | 280.2M | 280.5M | 281.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |