CDNS vs. FIG: Cadence Design Systems vs. Figma Stock Comparison
How do Cadence Design Systems (CDNS) and Figma (FIG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Cadence Design Systems (CDNS) and Figma (FIG) are both classified in the Application Software sub-industry within the broader Software industry, placing them in the closest GICS peer bucket.
Cadence Design Systems (CDNS) carries decades of public-market history since June 10, 1987, while Figma (FIG) listed on July 31, 2025 — long-window comparisons have far more historical data on the CDNS side.
| Profile Item | CDNS | FIG |
|---|---|---|
| Name | Cadence Design Systems, Inc. | Figma Inc. Class A Common Stock |
| Country/Region | United States | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Software & Services | Software & Services |
| GICS Industry | Software | Software |
| GICS Sub-Industry | Application Software | Application Software |
| Market Capitalization | 87.78 billion USD | 10.08 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | June 10, 1987 | July 31, 2025 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CDNS | FIG |
|---|---|---|
| Total Return (1Y) | 3.07% | -55.54% |
| Total Return (3Y, Annualized) | 9.32% | -- |
| Total Return (5Y, Annualized) | 12.93% | -- |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CDNS | FIG |
|---|---|---|
| Volatility (1Y, Annualized) | 42.21% | 76.91% |
| Beta (5Y) | 1.09 | 0.99 |
| Max Drawdown (5Y) | -34.21% | -86.20% |
| Avg. Volume (3M) | 2.41M | 13.00M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CDNS | FIG |
|---|---|---|
| Sharpe Ratio (1Y) | -0.03 | -0.78 |
| Sortino Ratio (1Y) | -0.04 | -1.11 |
Profitability
ROE (TTM)
Figma (FIG) reports a negative ROE of -38.36%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Cadence Design Systems (CDNS) reports 22.87%, ranking against industry peers normally.
CDNS
Software & Services industry group
22.87%
- Max
- 53.85%
- CDNS
- 22.87%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
FIG
Software & Services industry group
-38.36%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- FIG
- -38.36%
- Min
- -50.52%
Net Margin (TTM)
Figma (FIG) reports a negative net margin of -40.21%, usually indicating a net loss over the period. Meanwhile Cadence Design Systems (CDNS) reports 22.52%, ranking against industry peers normally.
CDNS
Software & Services industry group
22.52%
- Max
- 41.17%
- CDNS
- 22.52%
- Q3
- 15.28%
- Median
- 4.63%
- Q1
- -5.42%
- Min
- -33.17%
FIG
Software & Services industry group
-40.21%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- Q1
- -5.42%
- Min
- -33.17%
- FIG
- -40.21%
Operating Margin (TTM)
Figma (FIG) reports a negative operating margin of -30.45%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Cadence Design Systems (CDNS) reports 28.93%, ranking against industry peers normally.
CDNS
Software & Services industry group
28.93%
- Max
- 46.89%
- CDNS
- 28.93%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- Min
- -30.45%
FIG
Software & Services industry group
-30.45%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- FIG
- -30.45%
- Min
- -30.45%
Profitability Metrics
| Metric | CDNS | FIG |
|---|---|---|
| ROE (TTM) | 22.87% | -38.36% |
| ROA (TTM) | 10.52% | -15.53% |
| Net Margin (TTM) | 22.52% | -40.21% |
| Operating Margin (TTM) | 28.93% | -30.45% |
| Gross Margin (TTM) | 85.68% | 81.38% |
Growth
Revenue Growth
Figma (FIG) at 40.96% sits in the top revenue growth quartile, while Cadence Design Systems (CDNS) at 14.12% is closer to the peer norm — faster top-line expansion for FIG.
EPS Growth
Only one side can be read here: Cadence Design Systems (CDNS) reports EPS growth of 5.45%, ranked against its industry; Figma (FIG) has no EPS growth figure this period.
Growth Metrics
| Metric | CDNS | FIG |
|---|---|---|
| Revenue Growth (YoY) | 14.12% | 40.96% |
| Revenue Growth (3Y CAGR) | 14.14% | -- |
| EPS Growth (YoY) | 5.45% | -- |
| EPS Growth (3Y CAGR) | 9.53% | -- |
Financial Strength
Current Ratio (MRQ)
Both Cadence Design Systems (CDNS) at 1.36 and Figma (FIG) at 2.45 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.
CDNS
Software & Services industry group
1.36
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- CDNS
- 1.36
- Q1
- 1.01
- Min
- 0.03
FIG
Software & Services industry group
2.45
- Max
- 5.11
- Q3
- 2.77
- FIG
- 2.45
- Median
- 1.67
- Q1
- 1.01
- Min
- 0.03
Debt / Equity (MRQ)
Figma (FIG) at 0.07 keeps leverage in the lower industry quartile, while Cadence Design Systems (CDNS) at 0.41 runs a more typical debt-to-equity mix.
CDNS
Software & Services industry group
0.41
- Max
- 2.52
- Q3
- 1.13
- CDNS
- 0.41
- Median
- 0.40
- Q1
- 0.07
- Min
- 0.00
FIG
Software & Services industry group
0.07
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- FIG
- 0.07
- Min
- 0.00
Financial Strength Metrics
| Metric | CDNS | FIG |
|---|---|---|
| Current Ratio (MRQ) | 1.36 | 2.45 |
| Debt / Equity (MRQ) | 0.41 | 0.07 |
| Net Debt / EBITDA | 0.57 | -- |
Dividends
Dividend Yield (TTM)
Neither Cadence Design Systems (CDNS) nor Figma (FIG) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
CDNS
Software & Services industry group
0.00%
- CDNS
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
FIG
Software & Services industry group
0.00%
- FIG
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither Cadence Design Systems (CDNS) nor Figma (FIG) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
CDNS
Software & Services industry group
0.00%
- CDNS
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
FIG
Software & Services industry group
0.00%
- FIG
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CDNS | FIG |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
An earnings multiple is available for just one side: Cadence Design Systems (CDNS) trades at 63.60 times trailing earnings, ranked against its peers, while Figma (FIG) has no P/E ratio this period.
CDNS
Software & Services industry group
63.60
- Max
- 112.94
- CDNS
- 63.60
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
FIG
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- FIG
- --
P/S Ratio (TTM)
Figma (FIG) at 7.20 is priced about in line with its industry on P/S ratio, while Cadence Design Systems (CDNS) at 14.31 sits in the pricier quartile — CDNS costs more per dollar of sales.
CDNS
Software & Services industry group
14.31
- Max
- 17.91
- CDNS
- 14.31
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
FIG
Software & Services industry group
7.20
- Max
- 17.91
- Q3
- 8.78
- FIG
- 7.20
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
P/B Ratio (MRQ)
Figma (FIG) at 6.52 is valued about in line with its industry on P/B ratio, while Cadence Design Systems (CDNS) at 12.77 carries an above-peer premium to book — CDNS is pricier on assets.
CDNS
Software & Services industry group
12.77
- Max
- 16.63
- CDNS
- 12.77
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
FIG
Software & Services industry group
6.52
- Max
- 16.63
- Q3
- 8.50
- FIG
- 6.52
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
Valuation Metrics
| Metric | CDNS | FIG |
|---|---|---|
| P/E Ratio (TTM) | 63.60 | -- |
| P/S Ratio (TTM) | 14.31 | 7.20 |
| P/B Ratio (MRQ) | 12.77 | 6.52 |
| Free Cash Flow Yield (TTM) | 1.99% | 4.83% |