Cadence Design Systems Inc (CDNS)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	4,248,533	3,914,805	3,666,268	3,631,263	3,649,982	3,496,832	3,398,273	3,283,390	3,190,090	3,087,071	2,946,410	2,833,122	2,681,271	2,664,301	2,574,331	2,485,966	2,377,393	2,217,247	2,151,552	2,107,299
Revenue (ttm)	US$ in thousands	4,641,260	4,353,900	4,161,490	4,077,389	4,089,979	3,921,236	3,800,700	3,681,642	3,561,718	3,434,877	3,283,218	3,153,982	2,988,244	2,975,117	2,890,829	2,800,962	2,682,891	2,522,537	2,435,533	2,377,534
Gross profit margin		91.54%	89.91%	88.10%	89.06%	89.24%	89.18%	89.41%	89.18%	89.57%	89.87%	89.74%	89.83%	89.73%	89.55%	89.05%	88.75%	88.61%	87.90%	88.34%	88.63%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,248,533K ÷ $4,641,260K
= 91.54%

Cadence Design Systems Inc has shown a consistent trend of maintaining a high gross profit margin over the years, ranging from 87.90% to 91.54% in the period from March 31, 2020, to December 31, 2024. The company's gross profit margin peaked at 91.54% on December 31, 2024, demonstrating strong profitability in the business operations. Despite some fluctuations, the overall trajectory indicates a healthy level of gross profit margin, suggesting efficient cost management and pricing strategies within the organization. Investors may view the company positively due to its ability to sustain a high gross profit margin, indicating a competitive position in the industry.