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CDNS vs. PCOR: Cadence Design Systems vs. Procore Stock Comparison

How do Cadence Design Systems (CDNS) and Procore (PCOR) 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 Procore (PCOR) 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) has more than two decades of public-market history since June 10, 1987, whereas Procore (PCOR) listed on May 20, 2021 and has a much shorter record to draw on.

Company profile comparison for Cadence Design Systems (CDNS) and Procore (PCOR)
Profile ItemCDNSPCOR
NameCadence Design Systems, Inc.Procore Technologies Inc.
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSoftware & ServicesSoftware & Services
GICS IndustrySoftwareSoftware
GICS Sub-IndustryApplication SoftwareApplication Software
Market Capitalization87.78 billion USD11.27 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateJune 10, 1987May 20, 2021
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CDNS
PCOR
GSPC
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Cadence Design Systems (CDNS) vs. Procore (PCOR), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Cadence Design Systems (CDNS) and Procore (PCOR). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Cadence Design Systems (CDNS) and Procore (PCOR). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Cadence Design Systems (CDNS) and Procore (PCOR)
MetricCDNSPCOR
Total Return (1Y)3.07%-3.45%
Total Return (3Y, Annualized)9.32%15.41%
Total Return (5Y, Annualized)12.93%-3.95%

Risk Profile

Drawdown History

CDNS
PCOR
GSPC
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Cadence Design Systems (CDNS) vs. Procore (PCOR), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Cadence Design Systems (CDNS) and Procore (PCOR). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cadence Design Systems (CDNS) and Procore (PCOR)
MetricCDNSPCOR
Volatility (1Y, Annualized)42.21%54.42%
Beta (5Y)1.090.66
Max Drawdown (5Y)-34.21%-59.26%
Avg. Volume (3M)2.41M3.10M

Risk-Adjusted Performance

Risk-Return Positioning

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CDNS and PCOR are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Cadence Design Systems (CDNS) and Procore (PCOR)
MetricCDNSPCOR
Sharpe Ratio (1Y)-0.03-0.14
Sortino Ratio (1Y)-0.04-0.22

Profitability

ROE (TTM)

Procore (PCOR) reports a negative ROE of -2.98%; 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%

PCOR

Software & Services industry group

-2.98%

Max
53.85%
Q3
17.90%
Median
6.59%
PCOR
-2.98%
Q1
-9.59%
Min
-50.52%
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Cadence Design Systems (CDNS) vs. Procore (PCOR): A comparison of their ROE against the Software & Services industry group benchmark.

Net Margin (TTM)

Procore (PCOR) reports a negative net margin of -2.31%, 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%

PCOR

Software & Services industry group

-2.31%

Max
41.17%
Q3
15.28%
Median
4.63%
PCOR
-2.31%
Q1
-5.42%
Min
-33.17%
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Cadence Design Systems (CDNS) vs. Procore (PCOR): A comparison of their net margin against the Software & Services industry group benchmark.

Operating Margin (TTM)

Cadence Design Systems (CDNS) at 28.93% operates in the top operating margin quartile, ahead of Procore (PCOR) at 4.82%, which runs around its industry’s norm.

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%

PCOR

Software & Services industry group

4.82%

Max
46.89%
Q3
17.64%
Median
8.73%
PCOR
4.82%
Q1
-2.13%
Min
-30.45%
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Cadence Design Systems (CDNS) vs. Procore (PCOR): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Cadence Design Systems (CDNS) and Procore (PCOR)
MetricCDNSPCOR
ROE (TTM)22.87%-2.98%
ROA (TTM)10.52%-0.44%
Net Margin (TTM)22.52%-2.31%
Operating Margin (TTM)28.93%4.82%
Gross Margin (TTM)85.68%80.28%

Growth

Revenue Growth

Both Cadence Design Systems (CDNS) at 14.12% and Procore (PCOR) at 14.83% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Cadence Design Systems (CDNS) vs. Procore (PCOR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Cadence Design Systems (CDNS) reports EPS growth of 5.45%, ranked against its industry; Procore (PCOR) has no EPS growth figure this period.

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Cadence Design Systems (CDNS) vs. Procore (PCOR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Cadence Design Systems (CDNS) and Procore (PCOR)
MetricCDNSPCOR
Revenue Growth (YoY)14.12%14.83%
Revenue Growth (3Y CAGR)14.14%22.46%
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 Procore (PCOR) at 1.06 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

PCOR

Software & Services industry group

1.06

Max
5.11
Q3
2.77
Median
1.67
PCOR
1.06
Q1
1.01
Min
0.03
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Cadence Design Systems (CDNS) vs. Procore (PCOR): A comparison of their current ratio against the Software & Services industry group benchmark.

Debt / Equity (MRQ)

Both Cadence Design Systems (CDNS) at 0.41 and Procore (PCOR) at 0.92 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

PCOR

Software & Services industry group

0.92

Max
2.52
Q3
1.13
PCOR
0.92
Median
0.40
Q1
0.07
Min
0.00
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Cadence Design Systems (CDNS) vs. Procore (PCOR): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Cadence Design Systems (CDNS) and Procore (PCOR)
MetricCDNSPCOR
Current Ratio (MRQ)1.361.06
Debt / Equity (MRQ)0.410.92
Net Debt / EBITDA0.573.75

Dividends

Dividend Yield (TTM)

Neither Cadence Design Systems (CDNS) nor Procore (PCOR) 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%

PCOR

Software & Services industry group

0.00%

PCOR
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Cadence Design Systems (CDNS) vs. Procore (PCOR): A comparison of their dividend yield against the Software & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Cadence Design Systems (CDNS) nor Procore (PCOR) 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%

PCOR

Software & Services industry group

0.00%

PCOR
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Cadence Design Systems (CDNS) vs. Procore (PCOR): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Cadence Design Systems (CDNS) and Procore (PCOR)
MetricCDNSPCOR
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 Procore (PCOR) 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

PCOR

Software & Services industry group

--

Max
112.94
Q3
60.32
Median
32.91
Q1
18.77
Min
6.69
PCOR
--
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Cadence Design Systems (CDNS) vs. Procore (PCOR): PCOR does not report P/E ratio, so it has no value marker; CDNS is benchmarked against the Software & Services industry group.

P/S Ratio (TTM)

Procore (PCOR) at 7.58 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

PCOR

Software & Services industry group

7.58

Max
17.91
Q3
8.78
PCOR
7.58
Median
4.25
Q1
2.23
Min
0.02
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Cadence Design Systems (CDNS) vs. Procore (PCOR): A comparison of their P/S ratio against the Software & Services industry group benchmark.

P/B Ratio (MRQ)

Both Cadence Design Systems (CDNS) at 12.77 and Procore (PCOR) at 10.38 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

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

PCOR

Software & Services industry group

10.38

Max
16.63
PCOR
10.38
Q3
8.50
Median
4.30
Q1
1.92
Min
-3.90
Loading chart…
Cadence Design Systems (CDNS) vs. Procore (PCOR): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Cadence Design Systems (CDNS) and Procore (PCOR)
MetricCDNSPCOR
P/E Ratio (TTM)63.60--
P/S Ratio (TTM)14.317.58
P/B Ratio (MRQ)12.7710.38
Free Cash Flow Yield (TTM)1.99%3.24%