Cadence Design Systems Inc (CDNS)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,041,140 | 848,952 | 695,955 | 590,644 | 988,979 |
| Revenue | US$ in thousands | 4,048,310 | 3,534,360 | 2,967,550 | 2,661,760 | 2,308,580 |
| Net profit margin | 25.72% | 24.02% | 23.45% | 22.19% | 42.84% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,041,140K ÷ $4,048,310K
= 25.72%
Cadence Design Systems, Inc. has demonstrated a consistent and generally strong net profit margin over the past five years. The net profit margin has shown a positive trend, increasing from 42.33% in 2019 to 25.46% in 2023. This indicates that the company has been effective in controlling its costs and expenses relative to its revenue. The gradual improvement in the net profit margin reflects Cadence Design Systems' ability to efficiently convert revenue into profit over time. Overall, the company's net profit margin performance suggests a solid financial performance and effective management of its profitability metrics.
Peer comparison
Dec 31, 2023