Cadence Design Systems
CDNS · Application Software
$316.49
2.2%Atlassian
TEAM · Application Software
$227.61
2.0%The short version
- Atlassian is the larger business, with $6.6B of revenue in fiscal 2026 against $5.3B for Cadence Design Systems.
- Atlassian grew revenue faster (26.0%, against 14.1%).
- Cadence Design Systems kept more of each dollar of sales as operating profit (28.2% operating margin, against 0.2% operating margin).
- Cadence Design Systems turned more of its sales into free cash flow (30.0% FCF margin, against 20.1% FCF margin).
| Latest fiscal year | CDNS · FY25 | TEAM · FY26 |
|---|---|---|
| Size | ||
| Market cap | $86.6B | $59.2B |
| Revenue | $5.3B | $6.6B |
| Free cash flow | $1.6B | $1.3B |
| Net income | $1.1B | −$53.8M |
| Growth | ||
| Revenue growth | 14.1% | 26.0% |
| 5-year growth | 14.6% | 25.8% |
| Share count change | −0.2% | −0.6% |
| Profitability | ||
| Gross margin | — | 84.8% |
| Operating margin | 28.2% | 0.2% |
| Net margin | 20.9% | −0.8% |
| FCF margin | 30.0% | 20.1% |
| Return on capital | 23.7% | — |
| Return on equity | 21.9% | −4.5% |
| Balance sheet | ||
| Net debt | −$675M | −$250M |
| Net debt / EBITDA | −0.4x | −1.7x |
| Dividends and buybacks | $925M | $1.8B |
| Valuation & quality | ||
| P/E | 73.8x | — |
| Piotroski F-score | 5 | 7 |
FY17
CDNS $1.9B
TEAM $620M
FY18
CDNS $2.1B
TEAM $874M
FY19
CDNS $2.3B
TEAM $1.2B
FY20
CDNS $2.7B
TEAM $1.6B
FY21
CDNS $3.0B
TEAM $2.1B
FY22
CDNS $3.6B
TEAM $2.8B
FY23
CDNS $4.1B
TEAM $3.5B
FY24
CDNS $4.6B
TEAM $4.4B
FY25
CDNS $5.3B
TEAM $5.2B
FY26
CDNS —
TEAM $6.6B
CDNS
TEAM
FY17
CDNS 16.7%
TEAM −9.0%
FY18
CDNS 18.5%
TEAM −5.3%
FY19
CDNS 21.1%
TEAM −5.2%
FY20
CDNS 24.1%
TEAM 0.9%
FY21
CDNS 26.1%
TEAM 6.8%
FY22
CDNS 30.2%
TEAM 2.5%
FY23
CDNS 30.6%
TEAM −9.8%
FY24
CDNS 29.1%
TEAM −2.7%
FY25
CDNS 28.2%
TEAM −2.5%
FY26
CDNS —
TEAM 0.2%
CDNS
TEAM
FY17
CDNS $413M
TEAM $198M
FY18
CDNS $543M
TEAM $281M
FY19
CDNS $655M
TEAM $422M
FY20
CDNS $810M
TEAM $539M
FY21
CDNS $1.0B
TEAM $758M
FY22
CDNS $1.1B
TEAM $750M
FY23
CDNS $1.2B
TEAM $842M
FY24
CDNS $1.1B
TEAM $1.4B
FY25
CDNS $1.6B
TEAM $1.4B
FY26
CDNS —
TEAM $1.3B
CDNS
TEAM
FY17
CDNS 22.6%
TEAM —
FY18
CDNS 35.7%
TEAM —
FY19
CDNS 34.6%
TEAM —
FY20
CDNS 33.0%
TEAM —
FY21
CDNS 36.1%
TEAM —
FY22
CDNS 38.7%
TEAM —
FY23
CDNS 37.5%
TEAM —
FY24
CDNS 28.1%
TEAM —
FY25
CDNS 23.7%
TEAM —
FY26
CDNS —
TEAM —
CDNS
TEAM
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.