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Side-by-side financial comparison of Cadence Design Systems (CDNS) and CenterPoint Energy (CNP). Click either name above to swap in a different company.

CenterPoint Energy is the larger business by last-quarter revenue ($2.4B vs $1.3B, roughly 1.9× Cadence Design Systems). Cadence Design Systems runs the higher net margin — 22.8% vs 10.8%, a 11.9% gap on every dollar of revenue. On growth, CenterPoint Energy posted the faster year-over-year revenue change (10.7% vs -16.1%). Cadence Design Systems produced more free cash flow last quarter ($464.0M vs $-707.0M). Over the past eight quarters, Cadence Design Systems's revenue compounded faster (9.6% CAGR vs -3.1%).

Cadence Design Systems, Inc. is an American multinational technology and computational software company headquartered in San Jose, California. Initially specialized in electronic design automation (EDA) software for the semiconductor industry, currently the company makes software and hardware for designing products such as integrated circuits, systems on chips (SoCs), printed circuit boards, and pharmaceutical drugs, also licensing intellectual property for the electronics, aerospace, defense an...

CenterPoint Energy, Inc. is an American utility company based in Houston, Texas, that provides electric and natural gas utility to customers in several markets in the American states of Indiana, Ohio, Louisiana, Minnesota, Mississippi, and Texas. Part of the Fortune 500, the company was formerly known as Reliant Energy, NorAm Energy, Houston Industries, and HL&P. The company is headquartered in the CenterPoint Energy Tower at 1111 Louisiana Street in Downtown Houston.

CDNS vs CNP — Head-to-Head

Bigger by revenue
CNP
CNP
1.9× larger
CNP
$2.4B
$1.3B
CDNS
Growing faster (revenue YoY)
CNP
CNP
+26.8% gap
CNP
10.7%
-16.1%
CDNS
Higher net margin
CDNS
CDNS
11.9% more per $
CDNS
22.8%
10.8%
CNP
More free cash flow
CDNS
CDNS
$1.2B more FCF
CDNS
$464.0M
$-707.0M
CNP
Faster 2-yr revenue CAGR
CDNS
CDNS
Annualised
CDNS
9.6%
-3.1%
CNP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CDNS
CDNS
CNP
CNP
Revenue
$1.3B
$2.4B
Net Profit
$335.7M
$264.0M
Gross Margin
Operating Margin
29.3%
22.2%
Net Margin
22.8%
10.8%
Revenue YoY
-16.1%
10.7%
Net Profit YoY
22.7%
6.5%
EPS (diluted)
$1.00
$0.40

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CDNS
CDNS
CNP
CNP
Q1 26
$1.3B
Q4 25
$1.4B
$2.4B
Q3 25
$1.3B
$2.0B
Q2 25
$1.3B
$2.0B
Q1 25
$1.2B
$3.0B
Q4 24
$1.4B
$2.2B
Q3 24
$1.2B
$1.8B
Q2 24
$1.1B
$1.9B
Net Profit
CDNS
CDNS
CNP
CNP
Q1 26
$335.7M
Q4 25
$388.1M
$264.0M
Q3 25
$287.1M
$293.0M
Q2 25
$160.1M
$198.0M
Q1 25
$273.6M
$297.0M
Q4 24
$340.2M
$248.0M
Q3 24
$238.1M
$193.0M
Q2 24
$229.5M
$228.0M
Gross Margin
CDNS
CDNS
CNP
CNP
Q1 26
Q4 25
Q3 25
99.9%
Q2 25
99.9%
Q1 25
100.0%
Q4 24
100.0%
Q3 24
99.9%
Q2 24
Operating Margin
CDNS
CDNS
CNP
CNP
Q1 26
29.3%
Q4 25
32.2%
22.2%
Q3 25
31.8%
25.2%
Q2 25
19.0%
21.4%
Q1 25
29.1%
22.0%
Q4 24
33.7%
21.9%
Q3 24
28.8%
22.9%
Q2 24
27.7%
24.5%
Net Margin
CDNS
CDNS
CNP
CNP
Q1 26
22.8%
Q4 25
27.0%
10.8%
Q3 25
21.4%
14.7%
Q2 25
12.5%
10.1%
Q1 25
22.0%
10.0%
Q4 24
25.1%
11.3%
Q3 24
19.6%
10.4%
Q2 24
21.6%
12.0%
EPS (diluted)
CDNS
CDNS
CNP
CNP
Q1 26
$1.00
Q4 25
$1.42
$0.40
Q3 25
$1.05
$0.45
Q2 25
$0.59
$0.30
Q1 25
$1.00
$0.45
Q4 24
$1.23
$0.37
Q3 24
$0.87
$0.30
Q2 24
$0.84
$0.36

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CDNS
CDNS
CNP
CNP
Cash + ST InvestmentsLiquidity on hand
$2.8B
$548.0M
Total DebtLower is stronger
$2.5B
$20.6B
Stockholders' EquityBook value
$6.6B
$11.2B
Total Assets
$12.1B
$46.5B
Debt / EquityLower = less leverage
0.38×
1.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CDNS
CDNS
CNP
CNP
Q1 26
$2.8B
Q4 25
$3.2B
$548.0M
Q3 25
$2.8B
$616.0M
Q2 25
$2.8B
$776.0M
Q1 25
$2.8B
$1.9B
Q4 24
$2.8B
$585.0M
Q3 24
$2.8B
$643.0M
Q2 24
$1.1B
$543.0M
Total Debt
CDNS
CDNS
CNP
CNP
Q1 26
$2.5B
Q4 25
$20.6B
Q3 25
Q2 25
Q1 25
Q4 24
$20.4B
Q3 24
Q2 24
Stockholders' Equity
CDNS
CDNS
CNP
CNP
Q1 26
$6.6B
Q4 25
$5.5B
$11.2B
Q3 25
$5.2B
$11.0B
Q2 25
$5.0B
$11.0B
Q1 25
$4.8B
$11.0B
Q4 24
$4.7B
$10.7B
Q3 24
$4.6B
$10.5B
Q2 24
$4.3B
$10.4B
Total Assets
CDNS
CDNS
CNP
CNP
Q1 26
$12.1B
Q4 25
$10.2B
$46.5B
Q3 25
$9.6B
$45.0B
Q2 25
$9.5B
$44.1B
Q1 25
$9.0B
$44.5B
Q4 24
$9.0B
$43.8B
Q3 24
$9.2B
$42.9B
Q2 24
$7.2B
$41.0B
Debt / Equity
CDNS
CDNS
CNP
CNP
Q1 26
0.38×
Q4 25
1.84×
Q3 25
Q2 25
Q1 25
Q4 24
1.91×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CDNS
CDNS
CNP
CNP
Operating Cash FlowLast quarter
$355.8M
$774.0M
Free Cash FlowOCF − Capex
$464.0M
$-707.0M
FCF MarginFCF / Revenue
36.4%
-29.0%
Capex IntensityCapex / Revenue
5.1%
60.7%
Cash ConversionOCF / Net Profit
1.06×
2.93×
TTM Free Cash FlowTrailing 4 quarters
$1.6B
$-2.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CDNS
CDNS
CNP
CNP
Q1 26
$355.8M
Q4 25
$553.5M
$774.0M
Q3 25
$310.7M
$742.0M
Q2 25
$377.6M
$560.0M
Q1 25
$487.0M
$410.0M
Q4 24
$441.4M
$889.0M
Q3 24
$410.0M
$136.0M
Q2 24
$156.0M
$576.0M
Free Cash Flow
CDNS
CDNS
CNP
CNP
Q1 26
$464.0M
Q4 25
$512.5M
$-707.0M
Q3 25
$277.0M
$-480.0M
Q2 25
$333.5M
$-569.0M
Q1 25
$464.0M
$-628.0M
Q4 24
$404.2M
$-1.1B
Q3 24
$383.5M
$-708.0M
Q2 24
$126.8M
$-236.0M
FCF Margin
CDNS
CDNS
CNP
CNP
Q1 26
36.4%
Q4 25
35.6%
-29.0%
Q3 25
20.7%
-24.1%
Q2 25
26.1%
-29.1%
Q1 25
37.3%
-21.2%
Q4 24
29.8%
-51.0%
Q3 24
31.5%
-38.3%
Q2 24
12.0%
-12.4%
Capex Intensity
CDNS
CDNS
CNP
CNP
Q1 26
5.1%
Q4 25
2.8%
60.7%
Q3 25
2.5%
61.4%
Q2 25
3.5%
57.8%
Q1 25
1.9%
35.1%
Q4 24
2.7%
91.3%
Q3 24
2.2%
45.6%
Q2 24
2.8%
42.6%
Cash Conversion
CDNS
CDNS
CNP
CNP
Q1 26
1.06×
Q4 25
1.43×
2.93×
Q3 25
1.08×
2.53×
Q2 25
2.36×
2.83×
Q1 25
1.78×
1.38×
Q4 24
1.30×
3.58×
Q3 24
1.72×
0.70×
Q2 24
0.68×
2.53×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CDNS
CDNS

Product and Maintenance$1.1B87%
Services$131.0M10%
Other$33.0M3%

CNP
CNP

Electric Segment$945.0M39%
Electric$890.0M37%
Other$603.0M25%

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