CDNS vs. WIT: Cadence Design Systems vs. Wipro Stock Comparison

November 11, 2026

How do Cadence Design Systems (CDNS) and Wipro (WIT) 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 Wipro (WIT) both fall under the Software & Services industry group, but CDNS is classified in Software while WIT is classified in IT Services.

Cadence Design Systems (CDNS) trades as ordinary local shares, while Wipro (WIT) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Cadence Design Systems (CDNS) and Wipro (WIT)
Profile Item	CDNS	WIT
Name	Cadence Design Systems, Inc.	Wipro Ltd. ADR
Country/Region	United States	India
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	21.37 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	June 10, 1987	October 19, 2000
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

CDNS

WIT

GSPC

Cadence Design Systems (CDNS) vs. Wipro (WIT), 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 Wipro (WIT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Cadence Design Systems (CDNS) and Wipro (WIT). 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 Wipro (WIT)
Metric	CDNS	WIT
Total Return (1Y)	3.07%	-16.56%
Total Return (3Y, Annualized)	9.32%	0.08%
Total Return (5Y, Annualized)	12.93%	-12.80%

Risk Profile

Drawdown History

CDNS

WIT

GSPC

Cadence Design Systems (CDNS) vs. Wipro (WIT), 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 Wipro (WIT). 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 Wipro (WIT)
Metric	CDNS	WIT
Volatility (1Y, Annualized)	42.21%	47.10%
Beta (5Y)	1.09	0.91
Max Drawdown (5Y)	-34.21%	-64.83%
Avg. Volume (3M)	2.41M	9.36M

Risk-Adjusted Performance

Risk-Return Positioning

CDNS and WIT 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 Wipro (WIT)
Metric	CDNS	WIT
Sharpe Ratio (1Y)	-0.03	-0.44
Sortino Ratio (1Y)	-0.04	-0.65

Profitability

ROE (TTM)

Cadence Design Systems (CDNS) at 22.87% sits in the top ROE quartile, while Wipro (WIT) at 15.94% is closer to the peer norm — stronger capital efficiency for CDNS.

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%

WIT

Software & Services industry group

15.94%

Max: 53.85%
Q3: 17.90%
WIT: 15.94%
Median: 6.59%
Q1: -9.59%
Min: -50.52%

Cadence Design Systems (CDNS) vs. Wipro (WIT): A comparison of their ROE against the Software & Services industry group benchmark.

Net Margin (TTM)

Cadence Design Systems (CDNS) at 22.52% retains a top-quartile share of revenue as profit, ahead of Wipro (WIT) at 13.58%, 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%

WIT

Software & Services industry group

13.58%

Max: 41.17%
Q3: 15.28%
WIT: 13.58%
Median: 4.63%
Q1: -5.42%
Min: -33.17%

Cadence Design Systems (CDNS) vs. Wipro (WIT): 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 Wipro (WIT) at 16.16%, 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%

WIT

Software & Services industry group

16.16%

Max: 46.89%
Q3: 17.64%
WIT: 16.16%
Median: 8.73%
Q1: -2.13%
Min: -30.45%

Cadence Design Systems (CDNS) vs. Wipro (WIT): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Cadence Design Systems (CDNS) and Wipro (WIT)
Metric	CDNS	WIT
ROE (TTM)	22.87%	15.94%
ROA (TTM)	10.52%	7.26%
Net Margin (TTM)	22.52%	13.58%
Operating Margin (TTM)	28.93%	16.16%
Gross Margin (TTM)	85.68%	28.87%

Growth

Revenue Growth

Cadence Design Systems (CDNS) at 14.12% is around its peer norm for revenue growth, while Wipro (WIT) at 3.97% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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

EPS Growth

Both Cadence Design Systems (CDNS) at 5.45% and Wipro (WIT) at 0.32% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for Cadence Design Systems (CDNS) and Wipro (WIT)
Metric	CDNS	WIT
Revenue Growth (YoY)	14.12%	3.97%
Revenue Growth (3Y CAGR)	14.14%	0.78%
EPS Growth (YoY)	5.45%	0.32%
EPS Growth (3Y CAGR)	9.53%	6.70%

Financial Strength

Current Ratio (MRQ)

Both Cadence Design Systems (CDNS) at 1.36 and Wipro (WIT) at 1.70 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

WIT

Software & Services industry group

1.70

Max: 5.11
Q3: 2.77
WIT: 1.70
Median: 1.67
Q1: 1.01
Min: 0.03

Cadence Design Systems (CDNS) vs. Wipro (WIT): 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 Wipro (WIT) at 0.28 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

WIT

Software & Services industry group

0.28

Max: 2.52
Q3: 1.13
Median: 0.40
WIT: 0.28
Q1: 0.07
Min: 0.00

Cadence Design Systems (CDNS) vs. Wipro (WIT): 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 Wipro (WIT)
Metric	CDNS	WIT
Current Ratio (MRQ)	1.36	1.70
Debt / Equity (MRQ)	0.41	0.28
Net Debt / EBITDA	0.57	-1.20

Dividends

Dividend Yield (TTM)

Cadence Design Systems (CDNS) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Wipro (WIT) reports a yield of 370.37%, ranking against industry peers normally.

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%

WIT

Software & Services industry group

370.37%

WIT: 370.37%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Cadence Design Systems (CDNS) vs. Wipro (WIT): A comparison of their dividend yield against the Software & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Cadence Design Systems (CDNS) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Wipro (WIT) reports a payout of 60.56%, ranking against industry peers normally.

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%

WIT

Software & Services industry group

60.56%

WIT: 60.56%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Cadence Design Systems (CDNS) vs. Wipro (WIT): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Cadence Design Systems (CDNS) and Wipro (WIT)
Metric	CDNS	WIT
Dividend Yield (TTM)	0.00%	370.37%
Dividend Payout Ratio (TTM)	0.00%	60.56%

Valuation

P/E Ratio (TTM)

Wipro (WIT) at 15.43 sits in the cheaper P/E ratio quartile, while Cadence Design Systems (CDNS) at 63.60 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

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

WIT

Software & Services industry group

15.43

Max: 112.94
Q3: 60.32
Median: 32.91
Q1: 18.77
WIT: 15.43
Min: 6.69

Cadence Design Systems (CDNS) vs. Wipro (WIT): A comparison of their P/E ratio against the Software & Services industry group benchmark.

P/S Ratio (TTM)

Wipro (WIT) at 0.02 looks cheap on sales in the lower P/S ratio quartile, while Cadence Design Systems (CDNS) at 14.31 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

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

WIT

Software & Services industry group

0.02

Max: 17.91
Q3: 8.78
Median: 4.25
Q1: 2.23
WIT: 0.02
Min: 0.02

Cadence Design Systems (CDNS) vs. Wipro (WIT): A comparison of their P/S ratio against the Software & Services industry group benchmark.

P/B Ratio (MRQ)

Wipro (WIT) at 2.54 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

WIT

Software & Services industry group

2.54

Max: 16.63
Q3: 8.50
Median: 4.30
WIT: 2.54
Q1: 1.92
Min: -3.90

Cadence Design Systems (CDNS) vs. Wipro (WIT): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Cadence Design Systems (CDNS) and Wipro (WIT)
Metric	CDNS	WIT
P/E Ratio (TTM)	63.60	15.43
P/S Ratio (TTM)	14.31	0.02
P/B Ratio (MRQ)	12.77	2.54
Free Cash Flow Yield (TTM)	1.99%	490.89%