Cadence Design Systems vs Atlassian
Atlassian is the larger business, with $6.57bn of revenue in fiscal 2026 against $5.30bn for Cadence Design Systems (1.2 times as much). Atlassian grew faster (26.0% against 14.1%). Cadence Design Systems kept more of each dollar of sales as profit: a net margin of 20.9% against -0.8%. Cadence Design Systems carries less debt relative to equity (45.7% against 93.5%).
| Latest fiscal year | Cadence Design SystemsCDNS, 2025 | AtlassianTEAM, 2026 |
|---|---|---|
| Revenue | $5.30bn | $6.57bn |
| Revenue growth | 14.1% | 26.0% |
| Net income | $1.11bn | −$53.8m |
| Operating margin | 28.2% | 0.2% |
| Net margin | 20.9% | -0.8% |
| Return on equity | 21.9% | -4.5% |
| Free cash flow | $1.59bn | $1.32bn |
| Cash | $3.00bn | $1.24bn |
| Total debt | $2.50bn | $990m |
| Debt to equity | 45.7% | 93.5% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $925m | $1.80bn |
| Employees | 13,800 | 13,301 |
| Market value | $89.40bn | $47.97bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 69 (Moderate) | 48 (Moderate) |
| Insider trades, 12 months | 0 buys, 116 sales | 2 buys, 912 sales |