CDNS vs. PS: Cadence Design Systems vs. Pershing Square Stock Comparison

Company Profile

Cadence Design Systems (CDNS) and Pershing Square (PS) 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 been public since June 10, 1987, giving it decades of market history across multiple cycles, while Pershing Square (PS) listed only on April 29, 2026 and lacks comparable through-cycle data.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Pershing Square (PS) carries a highly aggressive beta of 6.25, indicating much higher sensitivity to broad-market moves, whereas Cadence Design Systems (CDNS) is closer to market-like at 1.09 — a noticeable difference in market-sensitivity profile.

Risk-Adjusted Performance

Risk-Return Positioning

Both CDNS and PS need 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Profitability

Capital efficiency shows on one side only: Cadence Design Systems (CDNS) earns 22.87% on shareholders’ equity, ranked against its industry; Pershing Square (PS) has no ROE this period.

Pershing Square (PS) reports a negative net margin of -20.98%, usually indicating a net loss over the period. Meanwhile Cadence Design Systems (CDNS) reports 22.52%, ranking against industry peers normally.

Pershing Square (PS) reports a negative operating margin of -35.45%, 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.

Profitability Metrics

Growth

Pershing Square (PS) at 64.66% clears its industry range for revenue growth, far stronger top-line momentum than Cadence Design Systems (CDNS) at 14.12%, which is closer to a typical peer reading.

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

Growth Metrics

Financial Strength

Short-term liquidity can only be read on one side of this pairing: Cadence Design Systems (CDNS) shows current ratio of 1.36 against its industry benchmark, while Pershing Square (PS) has no reading this period.

Both Cadence Design Systems (CDNS) at 0.41 and Pershing Square (PS) at 0.18 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

Financial Strength Metrics

Dividends

Cadence Design Systems (CDNS) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Pershing Square (PS) reports a yield of 0.24%, ranking against industry peers normally.

Pershing Square (PS) reports a negative payout ratio of -10.99%, usually because earnings are negative; Cadence Design Systems (CDNS) pays no dividend (payout 0.00%).

Dividend Metrics

Valuation

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 Pershing Square (PS) has no P/E ratio this period.

Both look expensive on sales: Cadence Design Systems (CDNS) at 14.31 sits in the upper P/S ratio quartile, and Pershing Square (PS) at 27.11 prices even higher, above its industry range.

Both Cadence Design Systems (CDNS) at 12.77 and Pershing Square (PS) at 15.12 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

Valuation Metrics