Earnings Summary

Cadence Design Systems Inc.’s revenue fell -1.23% since last year same period to $1009.1Mn in the Q1 2024. On a quarterly growth basis, Cadence Design Systems Inc. has generated -5.57% fall in its revenue since last 3-months.

Cadence Design Systems Inc.’s net profit jumped 2.41% since last year same period to $247.64Mn in the Q1 2024. On a quarterly growth basis, Cadence Design Systems Inc. has generated -23.54% fall in its net profits since last 3-months.

Cadence Design Systems Inc.’s net profit margin jumped 3.69% since last year same period to 24.54% in the Q1 2024. On a quarterly growth basis, Cadence Design Systems Inc. has generated -19.03% fall in its net profit margins since last 3-months.

Cadence Design Systems Inc.’s price-to-earnings ratio after this Q1 2024 earnings stands at 73.56.

Cadence Design Systems Inc.’s earning per share (EPS) estimates for the current quarter stand at 1.13 - a -15.04% fall from last quarter’s estimates.

Cadence Design Systems Inc.’s earning per share (EPS) estimates for the current year stand at 1.13.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Cadence Design Systems Inc.’s return on assets (ROA) stands at 0.15.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Cadence Design Systems Inc.’s return on equity (ROE) stands at 0.34.