Cadence Design Systems, Inc. (CDNS)财务
NASDAQ · Technology · Software - Application · 员工13,800人 · CEO Anirudh Devgan
- 股价
- $327.89 -4.34%
- 市值
- $900亿
- 企业价值
- $913亿
- 最近财报
- Q3 '26 2026-10-28提交
- 下次财报
- 2027-02-16 EPS预期 $2.23
营收(TTM)$61.3亿+17.6% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)28.9%-2.5 百分点 对比去年同期营业利润 $17.8亿
净利润(TTM)$13.8亿+30.1% 对比去年同期税后,含营业外收益
自由现金流(TTM)$17.6亿+19.3% 对比去年同期资本支出 $2.04亿
稀释EPS(TTM)$5.03+29.6% 对比去年同期最近4个季度之和
净现金-$13.6亿-596.3% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $900亿 EV $913亿
- 营收
- $61.3亿 过去12个月
- 营收增速
- +21% FY2026年一致预期
- 净利润率
- 22.5% 净利润 / 营收,TTM
- P/E
- 64.8× 预期 39.0×(FY2026)
- P/S
- 14.7× 股价 / 营收,TTM
- EV / EBITDA
- 38.8× TTM
- 自由现金流
- $17.6亿 过去12个月
- 净利润
- $13.8亿 过去12个月
- 营收预期
- $64.1亿 FY2026年一致预期
- 盈利
- 2027-02-16 营收预期 $17.2亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-26):营收超预期1.3%,EPS 超预期2.9%营收$16.3亿,预期$16.1亿(+1.3%);EPS $2.11,预期$2.05(+2.9%)。
- 营收增长加速:同比22.0%Q3 '26营收$16.3亿,此前四个季度的平均值为14.8%。
- 营业利润率28.9%(TTM),较去年同期-2.5 百分点营收增长17.6%,营业利润增长8.1%。
- 资本支出占营收的3.3%(去年为2.6%)最近4个季度投入$2.04亿(同比+48.0%)。自由现金流$17.6亿,相当于净利润的127.7%。
- 股东回报$10亿 = 自由现金流的56.7%回购$10亿(去年为$8.95亿),股息$0,股权激励$5.43亿(TTM)。
- 稀释股数一年内增加0.5%Q3 '26稀释股数2.75亿,一年前为2.74亿。
- 净债务 $13.6亿现金 + 短期投资 $14.5亿,含租赁债务 $28.1亿;一年前净现金 $2.74亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $16.3亿 | $13.4亿 | +22.0% |
| 毛利率 | 85.6% | 86.4% | -0.8 百分点 |
| 营业利润 | $4.29亿 | $4.53亿 | -5.3% |
| 营业利润率 | 26.2% | 33.8% | -7.6 百分点 |
| 净利润 | $2.9亿 | $2.87亿 | +0.9% |
| 稀释EPS | $1.05 | $1.05 | 0.0% |
| 经营现金流 | $4.24亿 | $3.11亿 | +36.4% |
| 资本支出 | $6180万 | $3370万 | +83.5% |
| 自由现金流 | $3.62亿 | $2.77亿 | +30.7% |
| R&D | $5.38亿 | $4.23亿 | +27.1% |
| 股权激励费用 | $1.45亿 | $1.16亿 | +24.7% |
实际 vs 一致预期
2026-10-26| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $16.3亿 | $16.1亿 | +1.3% |
| EPS(一致预期口径) | $2.11 | $2.05 | +2.9% |
来自2026-10-26发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Product and maintenance | $14.9亿 | +23.2% | 91.1% | $56亿 | +18.4% | |
| Technology Service | $1.46亿 | +11.3% | 8.9% | $5.33亿 | +10.0% |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| United States | $6.74亿 | +26.7% | 22.3% | $31.2亿 | – | |
| Americas | $7.1亿 | +23.4% | 23.5% | $27.2亿 | +10.1% | |
| Asia | $6.75亿 | +38.3% | 22.4% | $23.7亿 | +45.0% | |
| Other Asia | $3.12亿 | +28.7% | 10.4% | $14.5亿 | – | |
| CHINA | $2.55亿 | +4.1% | 8.5% | $9.95亿 | – | |
| EMEA | $2.49亿 | +31.3% | 8.2% | $9.39亿 | +19.0% | |
| JAPAN | $1.07亿 | +24.0% | 3.6% | $4.06亿 | +27.5% | |
| Other America | $3560万 | -17.1% | 1.2% | $2亿 | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $19.7亿
- 资本支出
- -$2.04亿
- 股票回购
- -$10亿
- 股息
- $0
- 收购
- -$23.2亿
- 债务净发行
- $5.75亿
- 股权激励费用
- $5.43亿
- 自由现金流
- $17.6亿
- 股东回报 / FCF
- 56.7%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 64.8× | 69.8× | 51.3× – 77.2× |
| EV / EBITDA | 38.8× | 47.0× | 36.2× – 54.9× |
| EV / 营收 | 14.9× | 16.1× | 12.2× – 17.9× |
| 股价 / FCF | 51.0× | 54.7× | 39.0× – 72.9× |
| 股价 / 净资产 | 13.1× | 17.8× | 15.5× – 21.6× |
| FCF收益率 | 2.0% | 1.9% | 1.4% – 2.6% |
| 投入资本回报率 | 12.8% | 18.7% | 13.4% – 23.0% |
| 净资产收益率 | 21.4% | 25.9% | 20.3% – 30.9% |
分析师
一致目标价 $405.08 (+23.5%)
区间 $300.00 – $450.00 · 评级 Buy
强烈买入0
买入26
持有4
卖出1
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $64.1亿 | +20.9% | $8.41 | +107.1% | 39.0× | 11 |
| FY2027 | $73.4亿 | +14.5% | $9.85 | +17.2% | 33.3× | 15 |
| FY2028 | $82.5亿 | +12.5% | $11.40 | +15.7% | 28.8× | 8 |
| FY2029 | $91.7亿 | +11.2% | $12.77 | +12.0% | 25.7× | 5 |
| FY2030 | $93.3亿 | +1.7% | $11.27 | -11.7% | 29.1× | 5 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Cadence Design Systems, Inc.在近期10-Q / 10-K文件中标记的全部315项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| $3300万 | – | – | – | – | – | |
| Accounts Payable and Accrued Liabilities, Current | $8.05亿 | $6.31亿 | +27.6% | $8.57亿 | $6.33亿 | +35.4% |
| Accounts Payable, Trade | $8820万2026-03-31 | – | – | $9350万 | $556万 | +1,583.0% |
| Accounts Receivable, Allowance for Credit Loss, Current | $429万 | $421万 | +1.8% | $389万 | $581万 | -33.1% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | – | – | – | $275万 | $82.3万 | +234.0% |
| Accounts Receivable, before Allowance for Credit Loss | $11.8亿 | $8.05亿 | +46.0% | $10亿 | $7.1亿 | +40.9% |
| Accounts Receivable, before Allowance for Credit Loss, Current | $5.61亿 | $3.84亿 | +46.2% | $4.93亿 | $3.93亿 | +25.4% |
| Accounts Receivable, before Allowance for Credit Loss, Noncurrent | $6090万 | $4570万 | +33.3% | $5250万 | $2420万 | +116.9% |
| Accounts Receivable, Credit Loss Expense (Reversal) | – | – | – | $82.9万 | $208万 | -60.1% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $10.2亿2025-12-31 | $9.17亿 | +11.4% | $10.2亿 | $9.17亿 | +11.4% |
| Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax | $1060万 | $349万 | +202.5% | $1030万 | $445万 | +131.5% |
| Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | -$5020万 | $1670万 | -399.9% | $1430万 | -$1.79亿 | +108.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$6870万 | $730万 | -1,041.3% | -$181万 | -$1.9亿 | +99.1% |
| Advertising Expense | – | – | – | $1520万 | $2320万 | -34.5% |
| Amortization of Intangible Assets | $3380万 | $1020万 | +230.1% | $3990万 | $3040万 | +31.5% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 174万 | 172万 | +1.1% | 145万 | 44.2万 | +226.9% |
| AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax | -$581万 | -$645万 | +9.9% | -$643万 | -$704万 | +8.6% |
| AOCI, Debt Securities, Available-for-sale, Adjustment, after Tax | $65.3万2025-12-31 | -$35.2万 | +285.5% | $65.3万 | -$35.2万 | +285.5% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1.45亿 | $1.16亿 | +24.7% | $4.55亿 | $3.91亿 | +16.3% |
| Assets | $122亿 | $96亿 | +27.4% | $102亿 | $89.7亿 | +13.1% |
| Assets, Current | $33.5亿 | $42.9亿 | -21.8% | $46.7亿 | $40.2亿 | +16.3% |
| Buildings and Improvements, Gross | $1.38亿2025-12-31 | $1.38亿 | -0.1% | $1.38亿 | $1.38亿 | -0.1% |
| Business Acquisition, Pro Forma Net Income (Loss) | $2.9亿 | $2.66亿 | +9.1% | – | – | – |
| Business Acquisition, Pro Forma Revenue | $16.3亿 | $14亿 | +16.9% | – | – | – |
| Business Combination, Acquisition Related Costs | – | – | – | $3050万 | $1460万 | +108.9% |
| Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed | $160万 | $1700万 | -90.6% | – | – | – |
| Capitalized Computer Software, Gross | $9.91亿2025-12-31 | $8.75亿 | +13.2% | $9.91亿 | $8.75亿 | +13.2% |
| Capitalized Contract Cost, Amortization | – | – | – | $5000万 | $4760万 | +5.0% |
| Capitalized Contract Cost, Net | $5310万2025-12-31 | $5190万 | +2.3% | $5310万 | $5190万 | +2.3% |
| Cash and Cash Equivalents, at Carrying Value | $14.5亿 | $27.5亿 | -47.3% | $30亿 | $26.4亿 | +13.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $14.5亿 | $27.5亿 | -47.3% | $30亿 | $26.4亿 | +13.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $1160万 | -$6950万 | +116.7% | $3.57亿 | $16.4亿 | -78.2% |
| Common Stock, Capital Shares Reserved for Future Issuance | 2290万2025-12-31 | 2510万 | -8.8% | 2290万 | 2510万 | -8.8% |
| Common Stock, Par or Stated Value Per Share | $0.012025-12-31 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 6亿2025-12-31 | 6亿 | 0.0% | 6亿 | 6亿 | 0.0% |
| Common Stock, Shares, Issued | 2.72亿2025-12-31 | 2.74亿 | -0.7% | 2.72亿 | 2.74亿 | -0.7% |
| Common Stock, Shares, Outstanding | 2.72亿2025-12-31 | 2.74亿 | -0.7% | 2.72亿 | 2.74亿 | -0.7% |
| Common Stocks, Including Additional Paid in Capital | $60.4亿 | $46.1亿 | +31.1% | $47.2亿 | $41.8亿 | +12.9% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $2.77亿 | $2.7亿 | +2.5% | $13亿 | $9.6亿 | +35.2% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $4250万 | $9110万 | -53.3% | $6780万 | $2930万 | +131.0% |
| Contract with Customer, Liability | $11.5亿 | $9.05亿 | +27.1% | $9.34亿 | $8.53亿 | +9.6% |
| Contract with Customer, Liability, Current | $10.1亿 | $7.75亿 | +30.6% | – | – | – |
| Contract with Customer, Liability, Noncurrent | $1.38亿 | $1.3亿 | +6.3% | – | – | – |
| Contract with Customer, Liability, Revenue Recognized | $1.04亿 | $1.03亿 | +1.8% | $7.38亿 | $6.7亿 | +10.2% |
| Contract with Customer, Performance Obligation Satisfied in Previous Period | $3490万 | $2270万 | +53.7% | $8730万 | $6800万 | +28.4% |
| Cost, Amortization | $4610万 | $1580万 | +192.6% | $6540万 | $6010万 | +8.9% |
| Costs and Expenses | $12亿 | $9.13亿 | +31.9% | $38亿 | $32.9亿 | +15.6% |
| Current Federal Tax Expense (Benefit) | – | – | – | $1.33亿 | $2.82亿 | -52.7% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1.47亿 | $1.37亿 | +7.0% |
| Current Income Tax Expense (Benefit) | – | – | – | $3.47亿 | $4.69亿 | -26.0% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $6730万 | $5040万 | +33.5% |
| Debt and Equity Securities, Realized Gain (Loss) | $279万 | -$1450万 | +119.2% | $5760万 | $4960万 | +16.1% |
| Debt Instrument, Face Amount | $25亿2026-06-30 | $25亿 | 0.0% | – | – | – |
| Debt Instrument, Unamortized Discount | $2090万2025-09-30 | $2480万 | -15.9% | $94.4万2023-12-31 | $192万 | -50.9% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $1680万 | – | – | $2380万2024-12-31 | $94.4万 | +2,423.0% |
| Debt Securities, Available-for-sale | $8070万 | $7280万 | +10.8% | $7100万 | $5030万 | +41.2% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain (Loss), before Tax | -$210万 | $49.5万 | -525.1% | – | – | – |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $2.1万 | $76.7万 | -97.3% | $85.2万 | $23万 | +270.4% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $213万 | $27.2万 | +681.3% | $19.9万 | $58.2万 | -65.8% |
| Debt Securities, Available-for-sale, Amortized Cost | $8280万 | $7230万 | +14.5% | $7030万 | $5060万 | +39.0% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-01