CDNS vs. MANH: Cadence Design Systems vs. Manhattan Associates Stock Comparison
How do Cadence Design Systems (CDNS) and Manhattan Associates (MANH) 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 Manhattan Associates (MANH) are both classified in the Application Software sub-industry within the broader Software industry, placing them in the closest GICS peer bucket.
| Profile Item | CDNS | MANH |
|---|---|---|
| Name | Cadence Design Systems, Inc. | Manhattan Associates Inc. |
| 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 | 14.68 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | June 10, 1987 | April 23, 1998 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CDNS | MANH |
|---|---|---|
| Total Return (1Y) | 3.07% | 42.28% |
| Total Return (3Y, Annualized) | 9.32% | 6.91% |
| Total Return (5Y, Annualized) | 12.93% | 7.39% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CDNS | MANH |
|---|---|---|
| Volatility (1Y, Annualized) | 42.21% | 46.95% |
| Beta (5Y) | 1.09 | 0.82 |
| Max Drawdown (5Y) | -34.21% | -60.98% |
| Avg. Volume (3M) | 2.41M | 751.46K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CDNS | MANH |
|---|---|---|
| Sharpe Ratio (1Y) | -0.03 | 0.81 |
| Sortino Ratio (1Y) | -0.04 | 1.27 |
Profitability
ROE (TTM)
Both companies show strong equity returns, but Manhattan Associates (MANH) at 83.51% is the standout with ROE above its industry range; Cadence Design Systems (CDNS) at 22.87% also sits in the top quartile.
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%
MANH
Software & Services industry group
83.51%
- MANH
- 83.51%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
Net Margin (TTM)
For every dollar of sales, both Cadence Design Systems (CDNS) at 22.52% and Manhattan Associates (MANH) at 18.41% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
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%
MANH
Software & Services industry group
18.41%
- Max
- 41.17%
- MANH
- 18.41%
- Q3
- 15.28%
- Median
- 4.63%
- Q1
- -5.42%
- Min
- -33.17%
Operating Margin (TTM)
Both Cadence Design Systems (CDNS) at 28.93% and Manhattan Associates (MANH) at 26.45% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.
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%
MANH
Software & Services industry group
26.45%
- Max
- 46.89%
- MANH
- 26.45%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- Min
- -30.45%
Profitability Metrics
| Metric | CDNS | MANH |
|---|---|---|
| ROE (TTM) | 22.87% | 83.51% |
| ROA (TTM) | 10.52% | 23.64% |
| Net Margin (TTM) | 22.52% | 18.41% |
| Operating Margin (TTM) | 28.93% | 26.45% |
| Gross Margin (TTM) | 85.68% | 55.93% |
Growth
Revenue Growth
Cadence Design Systems (CDNS) at 14.12% is around its peer norm for revenue growth, while Manhattan Associates (MANH) at 3.75% drops into the bottom quartile, signaling weaker demand or pricing momentum.
EPS Growth
Both Cadence Design Systems (CDNS) at 5.45% and Manhattan Associates (MANH) at 2.56% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | CDNS | MANH |
|---|---|---|
| Revenue Growth (YoY) | 14.12% | 3.75% |
| Revenue Growth (3Y CAGR) | 14.14% | 12.13% |
| EPS Growth (YoY) | 5.45% | 2.56% |
| EPS Growth (3Y CAGR) | 9.53% | 21.04% |
Financial Strength
Current Ratio (MRQ)
Both Cadence Design Systems (CDNS) at 1.36 and Manhattan Associates (MANH) at 1.07 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
MANH
Software & Services industry group
1.07
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- MANH
- 1.07
- Q1
- 1.01
- Min
- 0.03
Debt / Equity (MRQ)
Both Cadence Design Systems (CDNS) at 0.41 and Manhattan Associates (MANH) at 0.26 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
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
MANH
Software & Services industry group
0.26
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- MANH
- 0.26
- Q1
- 0.07
- Min
- 0.00
Financial Strength Metrics
| Metric | CDNS | MANH |
|---|---|---|
| Current Ratio (MRQ) | 1.36 | 1.07 |
| Debt / Equity (MRQ) | 0.41 | 0.26 |
| Net Debt / EBITDA | 0.57 | -0.50 |
Dividends
Dividend Yield (TTM)
Neither Cadence Design Systems (CDNS) nor Manhattan Associates (MANH) 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%
MANH
Software & Services industry group
0.00%
- MANH
- 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 Manhattan Associates (MANH) 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%
MANH
Software & Services industry group
0.00%
- MANH
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CDNS | MANH |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Both Cadence Design Systems (CDNS) at 63.60 and Manhattan Associates (MANH) at 70.81 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.
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
MANH
Software & Services industry group
70.81
- Max
- 112.94
- MANH
- 70.81
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
P/S Ratio (TTM)
Both Cadence Design Systems (CDNS) at 14.31 and Manhattan Associates (MANH) at 12.69 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.
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
MANH
Software & Services industry group
12.69
- Max
- 17.91
- MANH
- 12.69
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
P/B Ratio (MRQ)
Both look rich against book: Cadence Design Systems (CDNS) at 12.77 sits in the upper P/B ratio quartile, and Manhattan Associates (MANH) at 73.12 prices even higher, above its industry range.
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
MANH
Software & Services industry group
73.12
- MANH
- 73.12
- Max
- 16.63
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
Valuation Metrics
| Metric | CDNS | MANH |
|---|---|---|
| P/E Ratio (TTM) | 63.60 | 70.81 |
| P/S Ratio (TTM) | 14.31 | 12.69 |
| P/B Ratio (MRQ) | 12.77 | 73.12 |
| Free Cash Flow Yield (TTM) | 1.99% | 2.21% |