Cadence Design Systems
Cadence Design Systems returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | 19.41% | — | 23.23% | 12.77% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | 17.7% | — | 20.66% | 11.09% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | 18.51% | — | 21.85% | 11.59% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | 18.94% | — | 21.74% | 11.31% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | 20.58% | — | 21.84% | 12.09% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | 24.44% | — | 25.92% | 14.68% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | 23.12% | — | 26.13% | 14.42% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | 21.11% | — | 27.07% | 14.24% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | 24.31% | — | 29.44% | 17.05% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | 28.59% | — | 32.17% | 19.22% | — |
| FY 2023 Q4 | Dec 31, 2023 | 36.58% | 31.81% | 27% | 33.86% | 19.27% | 27.3 pp |
| FY 2023 Q3 | Sep 30, 2023 | — | 28.58% | — | 32.9% | 18.42% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | 30.06% | — | 32.15% | 18.7% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | 29.02% | — | 30.01% | 17.88% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | 29.81% | — | 30.95% | 17.83% | — |
| FY 2022 Q3 | Oct 1, 2022 | — | 30.16% | — | 29.41% | 17.1% | — |
| FY 2022 Q2 | Jul 2, 2022 | — | 30.44% | — | 30.15% | 18.27% | — |
| FY 2022 Q1 | Apr 2, 2022 | — | 26.93% | — | 28.07% | 17.73% | — |
| FY 2021 Q4 | Jan 1, 2022 | — | 23.72% | — | 26.6% | 16.7% | — |
| FY 2021 Q3 | Oct 2, 2021 | — | 24.28% | — | 27.58% | 16.59% | — |
| FY 2021 Q2 | Jul 3, 2021 | — | 24.61% | — | 28.43% | 16.71% | — |
| FY 2021 Q1 | Apr 3, 2021 | — | 23.82% | — | 27.82% | 16.84% | — |
| FY 2020 Q4 | Jan 2, 2021 | — | 22.11% | — | 25.7% | 16.16% | — |
| FY 2020 Q3 | Sep 26, 2020 | — | 22.48% | — | 55.55% | 31.65% | — |
| FY 2020 Q2 | Jun 27, 2020 | — | 21.49% | — | 55.14% | 30.75% | — |
| FY 2020 Q1 | Mar 28, 2020 | — | 21.53% | — | 56.33% | 31.43% | — |
| FY 2019 Q4 | Dec 28, 2019 | — | 22.13% | — | 58.32% | 33.95% | — |
| FY 2019 Q3 | Sep 28, 2019 | — | 26.31% | — | 31.25% | 17.33% | — |
| FY 2019 Q2 | Jun 29, 2019 | — | 26.2% | — | 32.5% | 16.56% | — |
| FY 2019 Q1 | Mar 30, 2019 | — | 24.82% | — | 31.37% | 15.63% | — |
| FY 2018 Q4 | Dec 29, 2018 | — | 22.41% | — | 30.36% | 14.15% | — |
| FY 2018 Q3 | Sep 29, 2018 | — | 20.69% | — | 20.54% | 10.17% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 20.15% | — | 20.07% | 8.96% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 20.41% | — | 21.05% | 8.92% | — |
| FY 2017 Q4 | Dec 30, 2017 | — | 19.71% | — | 23.58% | 9.04% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | 17.16% | — | 26.53% | 11.42% | — |
| FY 2017 Q2 | Jul 1, 2017 | — | 15.96% | — | 23.73% | 10.36% | — |
| FY 2017 Q1 | Apr 1, 2017 | — | 14.86% | — | 21.28% | 9.33% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | 14.73% | — | 19.18% | 9.13% | — |
| FY 2016 Q3 | Oct 1, 2016 | — | 15.71% | — | 21.2% | 10.83% | — |
| FY 2016 Q2 | Jul 2, 2016 | — | 15.53% | — | 20.86% | 10.84% | — |
| FY 2016 Q1 | Apr 2, 2016 | — | 15.45% | — | 20.54% | 9.52% | — |
| FY 2015 Q4 | Jan 2, 2016 | — | 15.72% | — | 18.63% | 9.08% | — |
| FY 2015 Q3 | Oct 3, 2015 | — | 17.23% | — | 17.76% | 9.41% | — |
| FY 2015 Q2 | Jul 4, 2015 | — | 15.75% | — | 14.82% | 7.63% | — |
| FY 2015 Q1 | Apr 4, 2015 | — | 13.49% | — | 12.58% | 5.8% | — |
| FY 2014 Q4 | Jan 3, 2015 | — | 13.35% | — | 12.76% | 5.64% | — |
| FY 2014 Q3 | Sep 27, 2014 | — | 12.71% | — | 11.05% | 5% | — |
| FY 2014 Q2 | Jun 28, 2014 | — | 12.68% | — | 11.52% | 4.96% | — |
| FY 2014 Q1 | Mar 29, 2014 | — | 14.17% | — | 10.63% | 4.9% | — |
| FY 2013 Q4 | Dec 28, 2013 | — | 16.08% | — | 15.86% | 6.97% | — |
| FY 2013 Q3 | Sep 28, 2013 | — | 19.09% | — | 52.29% | 19.38% | — |
| FY 2013 Q2 | Jun 29, 2013 | — | 21.6% | — | 59.72% | 20.97% | — |
| FY 2013 Q1 | Mar 30, 2013 | — | 23.68% | — | 65.85% | 23.67% | — |
| FY 2012 Q4 | Dec 29, 2012 | — | 23.32% | — | 66.34% | 21.74% | — |
| FY 2012 Q3 | Sep 29, 2012 | — | 18.93% | — | 28.39% | 7.12% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 22.93% | — | 25.56% | 5.75% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | 15.39% | — | 25.58% | 5.37% | — |
| FY 2011 Q4 | Dec 31, 2011 | — | 13.52% | — | 21% | 4.14% | — |
| FY 2011 Q3 | Oct 1, 2011 | — | 3.98% | — | 7.23% | 1.36% | — |
| FY 2011 Q2 | Jul 2, 2011 | — | 1.4% | — | 49.78% | 6.89% | — |
| FY 2011 Q1 | Apr 2, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Jan 1, 2011 | — | — | — | — | — | — |
| FY 2010 Q3 | Oct 2, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jul 3, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 9.3%, rounded from the Software · System & Application benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · CDNS, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.