Cadence Design Systems Inc (CDNS)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	1,041,144	957,637	889,621	855,421	848,952	785,139	775,141	744,121	695,955	693,114	678,437	653,825	590,644	1,076,581	1,016,465	992,412	988,979	427,729	425,533	393,447
Revenue (ttm)	US$ in thousands	4,049,355	3,878,358	3,763,680	3,650,044	3,535,272	3,412,551	3,263,458	3,133,398	2,967,551	2,957,138	2,871,721	2,780,256	2,661,765	2,493,526	2,407,607	2,350,546	2,308,577	2,285,432	2,237,360	2,173,639
Net profit margin		25.71%	24.69%	23.64%	23.44%	24.01%	23.01%	23.75%	23.75%	23.45%	23.44%	23.62%	23.52%	22.19%	43.18%	42.22%	42.22%	42.84%	18.72%	19.02%	18.10%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,041,144K ÷ $4,049,355K
= 25.71%

Cadence Design Systems, Inc. has displayed a relatively stable net profit margin over the past eight quarters. The net profit margin has ranged between 22.86% to 25.46%, indicating a consistent ability to generate profits relative to its revenue. This suggests effective cost management and operational efficiency within the company. Overall, the trend in the net profit margin demonstrates a strong financial performance and profitability for Cadence Design Systems, Inc.