Cadence Design Systems vs SS&C Technologies Holdings
SS&C Technologies Holdings is the larger business, with $6.27bn of revenue in fiscal 2025 against $5.30bn for Cadence Design Systems (1.2 times as much). Cadence Design Systems grew faster (14.1% against 6.6%). Cadence Design Systems kept more of each dollar of sales as profit: a net margin of 20.9% against 12.7%.
| Latest fiscal year | Cadence Design SystemsCDNS, 2025 | SS&C Technologies HoldingsSSNC, 2025 |
|---|---|---|
| Revenue | $5.30bn | $6.27bn |
| Revenue growth | 14.1% | 6.6% |
| Net income | $1.11bn | $797m |
| Operating margin | 28.2% | — |
| Net margin | 20.9% | 12.7% |
| Return on equity | 21.9% | 11.9% |
| Free cash flow | $1.59bn | $1.66bn |
| Cash | $3.00bn | $462m |
| Total debt | $2.50bn | $7.43bn |
| Debt to equity | 45.7% | — |
| Dividend per share | — | $1.04 |
| Dividend yield | — | 1.4% |
| Share buybacks | $925m | $1.04bn |
| Employees | 13,800 | 28,800 |
| Market value | $89.40bn | $19.00bn |
| Price vs our value range | Above our value range | Below our value range |
| Moat score | 69 (Moderate) | 64 (Moderate) |
| Insider trades, 12 months | 0 buys, 116 sales | 0 buys, 4 sales |