CADENCE DESIGN SYSTEMS INC

Services-Prepackaged Software·SAN JOSE, CA·FY end 12/31·CIK 813672

CEO Pay Ratio

592:1

CEO Total Comp

$56.7M

Median Employee

—

Revenue

$5.3B

FY 2025

Net Income

$1.1B

FY 2025

Free Cash Flow

$1.6B

FY 2025

Net Margin

20.9%

Insider Net (180d)

-$15.6M

0 buys / 22 sales

CEO Pay Accountability

CEO comp as % of net income

5.11%

For every $1,000 of profit, $51.12 flows to the CEO.

CEO comp as % of buybacks

6.13%

CEO comp equals 61.3‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$5.3B	$4.6B	$4.1B	$3.6B	$3.0B
Gross Profit	—	—	—	—	—	—
Operating Income	$1.5B	$1.4B	$1.3B	$1.1B	$779.1M
Net Income	$1.1B	$1.1B	$1.0B	$849.0M	$696.0M
Operating CF	$1.7B	$1.3B	$1.3B	$1.2B	$1.1B
Capex	$141.9M	$142.5M	$102.3M	$123.2M	$65.3M
Free Cash Flow	$1.6B	$1.1B	$1.2B	$1.1B	$1.0B
Buybacks	$925.0M	$550.0M	$700.1M	$1.1B	$612.3M
Dividends	—	—	—	—	—	—

Gross Margin	—	—	—	—	—	—
Operating Margin	28.2%	29.1%	30.6%	30.1%	26.1%
Net Margin	20.9%	22.7%	25.5%	23.8%	23.3%
FCF Margin	30.0%	24.1%	30.5%	31.4%	34.7%
R&D / Revenue	—	—	—	—	—	—
Effective Tax	27.1%	24.4%	18.8%	18.8%	9.4%
Debt / Equity	—	—	—	—	—	—
Buybacks / FCF	58.3%	49.2%	56.2%	93.9%	59.1%

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Anirudh DevganPresident and Chief Executive Officer	$800.0K	$54.4M	—	$1.5M	$14.8K	$56.7M
John M. WallSenior Vice President and Chief Financial Officer	$600.0K	$15.7M	—	$769.6K	$13.4K	$17.1M
Paul ScannellSenior Vice President, Customer Success Team	$525.0K	$14.5M	—	$672.9K	$10.6K	$15.7M
Paul CunninghamSenior Vice President, GM, System Verification Group	$500.0K	$14.1M	—	$623.9K	$12.2K	$15.2M
Chin-Chi TengSenior Vice President, GM, Digital & Signoff Group	$500.0K	$14.1M	—	$599.3K	$15.1K	$15.2M
<UNKNOWN> · CEO	—	—	—	—	—	—