CDNS vs. QNT: Cadence Design Systems vs. Quantinuum Stock Comparison
How do Cadence Design Systems (CDNS) and Quantinuum (QNT) 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 Quantinuum (QNT) both fall under the Software & Services industry group, but CDNS is classified in Software while QNT is classified in IT Services.
Cadence Design Systems (CDNS) has been public since June 10, 1987, giving it decades of market history across multiple cycles, while Quantinuum (QNT) listed only on June 4, 2026 and lacks comparable through-cycle data.
| Profile Item | CDNS | QNT |
|---|---|---|
| Name | Cadence Design Systems, Inc. | Quantinuum 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 | IT Services |
| GICS Sub-Industry | Application Software | IT Consulting & Other Services |
| Market Capitalization | 87.78 billion USD | 10.13 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | June 10, 1987 | June 4, 2026 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CDNS | QNT |
|---|---|---|
| Total Return (1Y) | 3.07% | -- |
| Total Return (3Y, Annualized) | 9.32% | -- |
| Total Return (5Y, Annualized) | 12.93% | -- |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Quantinuum (QNT) reports a negative beta of -2.69, suggesting inverse market sensitivity over the measurement window. That is uncommon for ordinary equities and can reflect commodity-linked or hedge-like exposure, but it can also come from statistical noise. Cadence Design Systems (CDNS) has a non-negative beta of 1.09.
| Metric | CDNS | QNT |
|---|---|---|
| Volatility (1Y, Annualized) | 42.21% | 105.28% |
| Beta (5Y) | 1.09 | -2.69 |
| Max Drawdown (5Y) | -34.21% | -64.15% |
| Avg. Volume (3M) | 2.41M | 2.01M |
Risk-Adjusted Performance
Risk-Return Positioning
Both CDNS and QNT need 1-year volatility and 1-year return to plot risk-return positioning.
Risk-Adjusted Metrics
| Metric | CDNS | QNT |
|---|---|---|
| Sharpe Ratio (1Y) | -0.03 | -- |
| Sortino Ratio (1Y) | -0.04 | -- |
Profitability
ROE (TTM)
Capital efficiency shows on one side only: Cadence Design Systems (CDNS) earns 22.87% on shareholders’ equity, ranked against its industry; Quantinuum (QNT) has no ROE this period.
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%
QNT
Software & Services industry group
--
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
- QNT
- --
Net Margin (TTM)
Cadence Design Systems (CDNS) at 22.52% retains a top-quartile share of revenue as profit, ahead of Quantinuum (QNT) at 0.00%, which keeps about the industry-typical share.
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%
QNT
Software & Services industry group
0.00%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- QNT
- 0.00%
- Q1
- -5.42%
- Min
- -33.17%
Operating Margin (TTM)
Quantinuum (QNT) reports a negative operating margin of -6,939.56%, 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%
QNT
Software & Services industry group
-6,939.56%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- Min
- -30.45%
- QNT
- -6,939.56%
Profitability Metrics
| Metric | CDNS | QNT |
|---|---|---|
| ROE (TTM) | 22.87% | -- |
| ROA (TTM) | 10.52% | -- |
| Net Margin (TTM) | 22.52% | 0.00% |
| Operating Margin (TTM) | 28.93% | -6,939.56% |
| Gross Margin (TTM) | 85.68% | 41.31% |
Growth
Revenue Growth
Quantinuum (QNT) at 34.61% 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 QNT.
EPS Growth
Only one side can be read here: Cadence Design Systems (CDNS) reports EPS growth of 5.45%, ranked against its industry; Quantinuum (QNT) has no EPS growth figure this period.
Growth Metrics
| Metric | CDNS | QNT |
|---|---|---|
| Revenue Growth (YoY) | 14.12% | 34.61% |
| Revenue Growth (3Y CAGR) | 14.14% | -- |
| EPS Growth (YoY) | 5.45% | -- |
| EPS Growth (3Y CAGR) | 9.53% | -- |
Financial Strength
Current Ratio (MRQ)
Cadence Design Systems (CDNS) at 1.36 keeps current ratio within its industry’s typical mid-range, while Quantinuum (QNT) at 15.49 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets 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
QNT
Software & Services industry group
15.49
- QNT
- 15.49
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- Min
- 0.03
Debt / Equity (MRQ)
Quantinuum (QNT) at 0.01 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
QNT
Software & Services industry group
0.01
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- QNT
- 0.01
- Min
- 0.00
Financial Strength Metrics
| Metric | CDNS | QNT |
|---|---|---|
| Current Ratio (MRQ) | 1.36 | 15.49 |
| Debt / Equity (MRQ) | 0.41 | 0.01 |
| Net Debt / EBITDA | 0.57 | -- |
Dividends
Dividend Yield (TTM)
Neither Cadence Design Systems (CDNS) nor Quantinuum (QNT) 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%
QNT
Software & Services industry group
0.00%
- QNT
- 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 Quantinuum (QNT) 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%
QNT
Software & Services industry group
0.00%
- QNT
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CDNS | QNT |
|---|---|---|
| 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 Quantinuum (QNT) 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
QNT
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- QNT
- --
P/S Ratio (TTM)
Both look expensive on sales: Cadence Design Systems (CDNS) at 14.31 sits in the upper P/S ratio quartile, and Quantinuum (QNT) at 441.11 prices even higher, above its industry range.
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
QNT
Software & Services industry group
441.11
- QNT
- 441.11
- Max
- 17.91
- 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 Quantinuum (QNT) at 64.89 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
QNT
Software & Services industry group
64.89
- QNT
- 64.89
- Max
- 16.63
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
Valuation Metrics
| Metric | CDNS | QNT |
|---|---|---|
| P/E Ratio (TTM) | 63.60 | -- |
| P/S Ratio (TTM) | 14.31 | 441.11 |
| P/B Ratio (MRQ) | 12.77 | 64.89 |
| Free Cash Flow Yield (TTM) | 1.99% | -- |