Cadence Design System Inc Financials

CDNS

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Cadence Design System Inc (CDNS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 89/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

Cadence Design System Inc has an operating margin of 29.1%, meaning the company retains $29 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 30.6% the prior year.

Growth

Cadence Design System Inc's revenue grew 13.5% year-over-year to $4.6B, a solid pace of expansion. This earns a growth score of 67/100.

Leverage

Cadence Design System Inc carries a low D/E ratio of 0.92, meaning only $0.92 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 77/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.93, Cadence Design System Inc holds $2.93 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 97/100.

Cash Flow

100

Cadence Design System Inc converts 24.1% of revenue into free cash flow ($1.1B). This strong cash generation earns a score of 100/100.

Returns

Cadence Design System Inc earns a strong 22.6% return on equity (ROE), meaning it generates $23 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 90/100. This is down from 30.6% the prior year.

Altman Z-Score Safe

13.67

Cadence Design System Inc scores 13.67, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($81.5B) relative to total liabilities ($4.3B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

4/9

Cadence Design System Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.19x

For every $1 of reported earnings, Cadence Design System Inc generates $1.19 in operating cash flow ($1.3B OCF vs $1.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

17.8x

Cadence Design System Inc earns $17.8 in operating income for every $1 of interest expense ($1.4B vs $76.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Revenue

$4.6B

YoY+13.5%

5Y CAGR+16.8%

10Y CAGR+13.3%

Cadence Design System Inc generated $4.6B in revenue in fiscal year 2024. This represents an increase of 13.5% from the prior year.

EBITDA

$1.5B

YoY+10.8%

5Y CAGR+24.6%

10Y CAGR+17.8%

Cadence Design System Inc's EBITDA was $1.5B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.8% from the prior year.

Free Cash Flow

$1.1B

YoY-10.3%

5Y CAGR+15.5%

10Y CAGR+14.8%

Cadence Design System Inc generated $1.1B in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 10.3% from the prior year.

Net Income

$1.1B

YoY+1.4%

5Y CAGR+25.0%

10Y CAGR+9.1%

Cadence Design System Inc reported $1.1B in net income in fiscal year 2024. This represents an increase of 1.4% from the prior year.

EPS (Diluted)

$3.85

YoY+0.8%

5Y CAGR+25.6%

10Y CAGR+9.4%

Cadence Design System Inc earned $3.85 per diluted share (EPS) in fiscal year 2024. This represents an increase of 0.8% from the prior year.

Cash & Debt

$2.6B

YoY+162.3%

5Y CAGR+37.7%

10Y CAGR+13.8%

Cadence Design System Inc held $2.6B in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

274M

YoY+0.7%

5Y CAGR-0.5%

10Y CAGR-0.3%

Cadence Design System Inc had 274M shares outstanding in fiscal year 2024. This represents an increase of 0.7% from the prior year.

Gross Margin

N/A

Operating Margin

29.1%

YoY-1.5pp

5Y CAGR+10.6pp

10Y CAGR+13.1pp

Cadence Design System Inc's operating margin was 29.1% in fiscal year 2024, reflecting core business profitability. This is down 1.5 percentage points from the prior year.

Net Margin

22.7%

YoY-2.7pp

5Y CAGR+6.6pp

10Y CAGR-10.4pp

Cadence Design System Inc's net profit margin was 22.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.7 percentage points from the prior year.

Return on Equity

22.6%

YoY-8.0pp

5Y CAGR-4.3pp

10Y CAGR-25.5pp

Cadence Design System Inc's ROE was 22.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 8.0 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$550.0M

YoY-21.4%

5Y CAGR+17.1%

Cadence Design System Inc spent $550.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 21.4% from the prior year.

Capital Expenditures

$142.5M

YoY+39.3%

5Y CAGR+18.3%

10Y CAGR+14.8%

Cadence Design System Inc invested $142.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 39.3% from the prior year.

CDNS Income Statement

Metric	FY24	FY23	FY22	FY21	FY19	FY18
Revenue	$4.6B+13.5%	$4.1B+14.8%	$3.6B+32.8%	$2.7B+14.8%	$2.3B+9.3%	$2.1B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$282.3M+16.4%	$242.4M+0.1%	$242.1M+56.8%	$154.4M+10.5%	$139.8M+4.8%	$133.4M
Operating Income	$1.4B+8.0%	$1.3B+16.5%	$1.1B+66.3%	$645.6M+31.3%	$491.8M+24.1%	$396.2M
Interest Expense	$76.0M+110.0%	$36.2M+57.8%	$22.9M+10.5%	$20.7M+10.2%	$18.8M-18.6%	$23.1M
Income Tax	$340.3M+41.3%	$240.8M+22.6%	$196.4M+366.5%	$42.1M+108.3%	-$510.0M-1766.0%	$30.6M
Net Income	$1.1B+1.4%	$1.0B+22.6%	$849.0M+43.7%	$590.6M-40.3%	$989.0M+186.0%	$345.8M
EPS (Diluted)	$3.85+0.8%	$3.82+23.6%	$3.09+46.4%	$2.11-40.2%	$3.53+187.0%	$1.23

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$1.3B+5.0%	$1.3B+2.7%	$1.2B-8.4%	$1.4B+27.8%	$1.1B+5.1%	$1.0B-5.6%	$1.1B+4.5%	$1.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$423.0M-4.3%	$442.1M+0.7%	$439.1M+7.8%	$407.4M+9.9%	$370.7M-2.2%	$379.0M	N/A	$369.6M
SG&A Expenses	$78.0M+13.0%	$69.0M+9.4%	$63.1M-19.7%	$78.5M+23.8%	$63.4M-7.7%	$68.7M-9.3%	$75.7M+29.3%	$58.6M
Operating Income	$425.4M+75.9%	$241.8M-33.1%	$361.5M-20.9%	$456.9M+55.5%	$293.9M+17.6%	$250.0M-25.7%	$336.5M+14.9%	$292.9M
Interest Expense	$29.0M+0.3%	$28.9M-0.6%	$29.1M-2.6%	$29.9M+131.7%	$12.9M+48.5%	$8.7M-3.3%	$9.0M-0.8%	$9.1M
Income Tax	$105.7M-12.4%	$120.6M+46.8%	$82.1M-14.9%	$96.4M+11.9%	$86.2M+38.1%	$62.4M+63.5%	$38.2M-16.4%	$45.6M
Net Income	$287.1M+79.4%	$160.1M-41.5%	$273.6M-19.6%	$340.2M+48.2%	$229.5M-7.3%	$247.6M-23.5%	$323.9M+27.4%	$254.3M
EPS (Diluted)	$1.05+78.0%	$0.59-41.0%	$1.00-18.7%	$1.23+46.4%	$0.84-7.7%	$0.91-23.5%	$1.19+28.0%	$0.93

CDNS Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY19	FY18
Total Assets	$9.0B+58.3%	$5.7B+10.4%	$5.1B+28.5%	$4.0B+19.1%	$3.4B+36.0%	$2.5B
Current Assets	$4.0B+103.2%	$2.0B+15.8%	$1.7B+26.5%	$1.3B+15.4%	$1.2B+22.9%	$951.1M
Cash & Equivalents	$2.6B+162.3%	$1.0B+14.3%	$882.3M+18.8%	$743.0M+5.4%	$705.2M+32.2%	$533.3M
Inventory	$257.7M+41.9%	$181.7M+41.9%	$128.0M+67.1%	$76.6M+37.3%	$55.8M+98.1%	$28.2M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$2.4B+54.9%	$1.5B+11.8%	$1.4B+50.6%	$912.6M+37.9%	$661.9M-0.1%	$662.3M
Total Liabilities	$4.3B+89.9%	$2.3B-5.3%	$2.4B+64.2%	$1.5B+16.1%	$1.3B+6.3%	$1.2B
Current Liabilities	$1.4B-13.9%	$1.6B+18.0%	$1.3B+70.1%	$792.3M+17.8%	$672.4M-5.2%	$709.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$4.7B+37.3%	$3.4B+24.0%	$2.7B+8.0%	$2.5B+20.9%	$2.1B+63.2%	$1.3B
Retained Earnings	$6.0B+21.4%	$4.9B+26.7%	$3.9B+53.5%	$2.5B+44.0%	$1.8B+128.0%	$772.7M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$9.6B+1.0%	$9.5B+5.5%	$9.0B+0.4%	$9.0B+24.2%	$7.2B+26.3%	$5.7B+0.9%	$5.7B+4.4%	$5.4B
Current Assets	$4.3B+1.5%	$4.2B+5.6%	$4.0B-0.4%	$4.0B+82.8%	$2.2B+13.8%	$1.9B-2.3%	$2.0B+8.3%	$1.8B
Cash & Equivalents	$2.8B-2.5%	$2.8B+1.6%	$2.8B+5.1%	$2.6B+149.7%	$1.1B+4.6%	$1.0B+0.4%	$1.0B+4.8%	$962.0M
Inventory	$286.2M+26.5%	$226.2M+0.2%	$225.6M-12.5%	$257.7M+50.3%	$171.5M-7.7%	$185.8M+2.3%	$181.7M+11.0%	$163.7M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$2.6B+1.7%	$2.6B+7.4%	$2.4B+1.7%	$2.4B-1.6%	$2.4B+53.5%	$1.6B+2.6%	$1.5B+2.4%	$1.5B
Total Liabilities	$4.4B-2.3%	$4.5B+6.3%	$4.2B-1.5%	$4.3B+45.1%	$3.0B+37.6%	$2.2B-4.9%	$2.3B-2.3%	$2.3B
Current Liabilities	$1.4B-6.0%	$1.5B+15.1%	$1.3B-5.1%	$1.4B-10.7%	$1.5B+4.6%	$1.5B-7.9%	$1.6B+25.8%	$1.3B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$5.2B+3.8%	$5.0B+4.8%	$4.8B+2.2%	$4.7B+9.7%	$4.3B+19.4%	$3.6B+4.8%	$3.4B+9.3%	$3.1B
Retained Earnings	$6.7B+4.5%	$6.4B+2.6%	$6.3B+4.6%	$6.0B+10.7%	$5.4B+4.4%	$5.2B+5.0%	$4.9B+7.0%	$4.6B

CDNS Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY19	FY18
Operating Cash Flow	$1.3B-6.6%	$1.3B+8.6%	$1.2B+37.2%	$904.9M+24.0%	$729.6M+20.6%	$604.8M
Capital Expenditures	$142.5M+39.3%	$102.3M-16.9%	$123.2M+30.0%	$94.8M+27.1%	$74.6M+21.3%	$61.5M
Free Cash Flow	$1.1B-10.3%	$1.2B+11.5%	$1.1B+38.1%	$810.1M+23.7%	$655.0M+20.6%	$543.2M
Investing Cash Flow	-$837.1M-103.1%	-$412.2M+44.2%	-$738.6M-152.8%	-$292.2M-176.4%	-$105.7M+39.2%	-$173.8M
Financing Cash Flow	$1.2B+254.2%	-$803.6M-22.3%	-$657.0M-58.2%	-$415.3M+6.4%	-$443.9M+21.8%	-$567.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$550.0M-21.4%	$700.1M-33.3%	$1.1B+176.3%	$380.1M+24.1%	$306.1M+22.4%	$250.1M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$310.7M-17.7%	$377.6M-22.5%	$487.0M+10.3%	$441.4M+183.0%	$156.0M-38.4%	$253.2M-6.9%	$272.1M-31.3%	$395.9M
Capital Expenditures	$33.7M-23.6%	$44.1M+91.2%	$23.1M-38.0%	$37.2M+27.4%	$29.2M-41.1%	$49.6M+47.2%	$33.7M+53.3%	$22.0M
Free Cash Flow	$277.0M-17.0%	$333.5M-28.1%	$464.0M+14.8%	$404.2M+218.8%	$126.8M-37.7%	$203.6M-14.6%	$238.4M-36.2%	$373.9M
Investing Cash Flow	-$174.3M+0.7%	-$175.6M-706.2%	-$21.8M+45.6%	-$40.0M+94.1%	-$678.1M-750.1%	-$79.8M+19.2%	-$98.7M+46.3%	-$183.8M
Financing Cash Flow	-$194.1M+0.6%	-$195.2M+43.5%	-$345.8M+32.4%	-$511.1M-188.9%	$574.8M+460.6%	-$159.4M-15.8%	-$137.6M-20.3%	-$114.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$200.0M+14.3%	$175.0M-50.0%	$350.0M+133.3%	$150.0M+20.0%	$125.0M0.0%	$125.0M0.0%	$125.0M0.0%	$125.0M

CDNS Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY19	FY18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	29.1%-1.5pp	30.6%+0.4pp	30.1%+6.1pp	24.1%+3.0pp	21.1%+2.5pp	18.5%
Net Margin	22.7%-2.7pp	25.5%+1.6pp	23.8%+1.8pp	22.0%-20.3pp	42.3%+26.2pp	16.2%
Return on Equity	22.6%-8.0pp	30.6%-0.4pp	30.9%+7.7pp	23.2%-23.8pp	47.0%+20.2pp	26.8%
Return on Assets	11.8%-6.6pp	18.4%+1.8pp	16.5%+1.8pp	14.8%-14.7pp	29.5%+15.4pp	14.0%
Current Ratio	2.93+1.7	1.24-0.0	1.27-0.4	1.70-0.0	1.74+0.4	1.34
Debt-to-Equity	0.92+0.3	0.67-0.2	0.87+0.3	0.57-0.0	0.60-0.3	0.92
FCF Margin	24.1%-6.4pp	30.5%-0.9pp	31.4%+1.2pp	30.2%+2.2pp	28.0%+2.6pp	25.4%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	31.8%+12.8pp	19.0%-10.1pp	29.1%-4.6pp	33.7%+6.0pp	27.7%+2.9pp	24.8%-6.7pp	31.5%+2.9pp	28.6%
Net Margin	21.4%+8.9pp	12.6%-9.5pp	22.0%-3.1pp	25.1%+3.5pp	21.6%-2.9pp	24.5%-5.8pp	30.3%+5.4pp	24.9%
Return on Equity	5.5%+2.3pp	3.2%-2.5pp	5.7%-1.6pp	7.3%+1.9pp	5.4%-1.6pp	6.9%-2.6pp	9.5%+1.3pp	8.2%
Return on Assets	3.0%+1.3pp	1.7%-1.4pp	3.0%-0.8pp	3.8%+0.6pp	3.2%-1.1pp	4.3%-1.4pp	5.7%+1.0pp	4.7%
Current Ratio	3.05+0.2	2.82-0.3	3.07+0.1	2.93+1.5	1.43+0.1	1.32+0.1	1.24-0.2	1.44
Debt-to-Equity	0.85-0.1	0.90+0.0	0.89-0.0	0.92+0.2	0.70+0.1	0.60-0.1	0.67-0.1	0.74
FCF Margin	20.7%-5.5pp	26.2%-11.2pp	37.3%+7.5pp	29.8%+17.9pp	11.9%-8.2pp	20.2%-2.1pp	22.3%-14.2pp	36.5%

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Frequently Asked Questions

What is Cadence Design System Inc's annual revenue?

Cadence Design System Inc (CDNS) reported $4.6B in total revenue for fiscal year 2024. This represents a 13.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Cadence Design System Inc's revenue growing?

Cadence Design System Inc (CDNS) revenue grew by 13.5% year-over-year, from $4.1B to $4.6B in fiscal year 2024.

Is Cadence Design System Inc profitable?

Yes, Cadence Design System Inc (CDNS) reported a net income of $1.1B in fiscal year 2024, with a net profit margin of 22.7%.

What is Cadence Design System Inc's earnings per share (EPS)?

Cadence Design System Inc (CDNS) reported diluted earnings per share of $3.85 for fiscal year 2024. This represents a 0.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Cadence Design System Inc's EBITDA?

Cadence Design System Inc (CDNS) had EBITDA of $1.5B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Cadence Design System Inc's operating margin?

Cadence Design System Inc (CDNS) had an operating margin of 29.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Cadence Design System Inc's net profit margin?

Cadence Design System Inc (CDNS) had a net profit margin of 22.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Cadence Design System Inc's return on equity (ROE)?

Cadence Design System Inc (CDNS) has a return on equity of 22.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Cadence Design System Inc's free cash flow?

Cadence Design System Inc (CDNS) generated $1.1B in free cash flow during fiscal year 2024. This represents a -10.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Cadence Design System Inc's operating cash flow?

Cadence Design System Inc (CDNS) generated $1.3B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Cadence Design System Inc's total assets?

Cadence Design System Inc (CDNS) had $9.0B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Cadence Design System Inc's capital expenditures?

Cadence Design System Inc (CDNS) invested $142.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Cadence Design System Inc buy back shares?

Yes, Cadence Design System Inc (CDNS) spent $550.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Cadence Design System Inc have outstanding?

Cadence Design System Inc (CDNS) had 274M shares outstanding as of fiscal year 2024.

What is Cadence Design System Inc's current ratio?

Cadence Design System Inc (CDNS) had a current ratio of 2.93 as of fiscal year 2024, which is generally considered healthy.

What is Cadence Design System Inc's debt-to-equity ratio?

Cadence Design System Inc (CDNS) had a debt-to-equity ratio of 0.92 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Cadence Design System Inc's return on assets (ROA)?

Cadence Design System Inc (CDNS) had a return on assets of 11.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Cadence Design System Inc's Altman Z-Score?

Cadence Design System Inc (CDNS) has an Altman Z-Score of 13.67, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Cadence Design System Inc's Piotroski F-Score?

Cadence Design System Inc (CDNS) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Cadence Design System Inc's earnings high quality?

Cadence Design System Inc (CDNS) has an earnings quality ratio of 1.19x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Cadence Design System Inc cover its interest payments?

Cadence Design System Inc (CDNS) has an interest coverage ratio of 17.8x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Cadence Design System Inc?

Cadence Design System Inc (CDNS) scores 89 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.