Cadence Design Systems vs Palantir
Cadence Design Systems reported revenue of $5.3 billion in fiscal 2025, 1.2 times Palantir's $4.5 billion in fiscal 2025. Cadence Design Systems' revenue grew 14.1% in its latest year, and Palantir's grew 56.2%. Cadence Design Systems had an operating margin of 28.2%, against 31.6% at Palantir. Free cash flow was $1.6 billion at Cadence Design Systems and $2.1 billion at Palantir.
Side by side
| Cadence Design Systems | Palantir | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $5.3B | $4.5B |
| Revenue growth | 14.1% | 56.2% |
| Revenue growth a year, last 5 years | 14.6% | 32.6% |
| Gross margin | — | 82.4% |
| Operating margin | 28.2% | 31.6% |
| Net margin | 20.9% | 36.3% |
| Free cash flow | $1.6B | $2.1B |
| Free cash flow margin | 30.0% | 46.9% |
| Return on capital | 23.7% | — |
| Net debt to EBITDA | −0.4x | −5.0x |
| Dividends and buybacks | $925M | $75M |
| Change in diluted share count | −0.2% | 4.7% |
| Last close | $322.17 | $198.84 |
| P/E at the last close | 75.1× | 171.4× |
| Insider trades, last 12 months | sold $104.2 million | sold $876.7 million |
| Piotroski F-score | 5 of 8 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Cadence Design SystemsPalantir
Operating margin
Percent of revenue
Cadence Design SystemsPalantir
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Cadence Design SystemsPalantir
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Cadence Design Systems and Palantir pages.