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Side-by-side financial comparison of Cadence Design Systems (CDNS) and Knife River Corp (KNF). Click either name above to swap in a different company.

Cadence Design Systems is the larger business by last-quarter revenue ($1.5B vs $755.1M, roughly 2.0× Knife River Corp). Cadence Design Systems runs the higher net margin — 22.8% vs 4.2%, a 18.5% gap on every dollar of revenue. On growth, Knife River Corp posted the faster year-over-year revenue change (14.9% vs 14.1%). Cadence Design Systems produced more free cash flow last quarter ($307.0M vs $138.2M). Over the past eight quarters, Knife River Corp's revenue compounded faster (51.4% CAGR vs 17.9%).

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...

Columbia River Knife & Tool, Inc. (CRKT) is an American knife company established in 1994, and currently based in Tualatin, Oregon, United States. The company's president and sales executive is Rod Bremer and the finance executive is Peggy Bremer.

CDNS vs KNF — Head-to-Head

Bigger by revenue
CDNS
CDNS
2.0× larger
CDNS
$1.5B
$755.1M
KNF
Growing faster (revenue YoY)
KNF
KNF
+0.8% gap
KNF
14.9%
14.1%
CDNS
Higher net margin
CDNS
CDNS
18.5% more per $
CDNS
22.8%
4.2%
KNF
More free cash flow
CDNS
CDNS
$168.8M more FCF
CDNS
$307.0M
$138.2M
KNF
Faster 2-yr revenue CAGR
KNF
KNF
Annualised
KNF
51.4%
17.9%
CDNS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CDNS
CDNS
KNF
KNF
Revenue
$1.5B
$755.1M
Net Profit
$335.7M
$32.0M
Gross Margin
19.2%
Operating Margin
29.3%
8.6%
Net Margin
22.8%
4.2%
Revenue YoY
14.1%
14.9%
Net Profit YoY
37.6%
EPS (diluted)
$1.23
$0.56

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
KNF
KNF
Q1 26
$1.5B
Q4 25
$1.4B
$755.1M
Q3 25
$1.3B
$1.2B
Q2 25
$1.3B
$833.8M
Q1 25
$1.2B
$353.5M
Q4 24
$1.4B
$657.2M
Q3 24
$1.2B
$1.1B
Q2 24
$1.1B
$806.9M
Net Profit
CDNS
CDNS
KNF
KNF
Q1 26
$335.7M
Q4 25
$388.1M
$32.0M
Q3 25
$287.1M
$143.2M
Q2 25
$160.1M
$50.6M
Q1 25
$273.6M
$-68.7M
Q4 24
$340.2M
$23.3M
Q3 24
$238.1M
$148.1M
Q2 24
$229.5M
$77.9M
Gross Margin
CDNS
CDNS
KNF
KNF
Q1 26
Q4 25
19.2%
Q3 25
23.6%
Q2 25
18.9%
Q1 25
-2.7%
Q4 24
17.4%
Q3 24
24.7%
Q2 24
21.8%
Operating Margin
CDNS
CDNS
KNF
KNF
Q1 26
29.3%
Q4 25
32.2%
8.6%
Q3 25
31.8%
17.9%
Q2 25
19.0%
10.6%
Q1 25
29.1%
-23.4%
Q4 24
33.7%
6.7%
Q3 24
28.8%
18.9%
Q2 24
27.7%
14.5%
Net Margin
CDNS
CDNS
KNF
KNF
Q1 26
22.8%
Q4 25
27.0%
4.2%
Q3 25
21.4%
11.9%
Q2 25
12.5%
6.1%
Q1 25
22.0%
-19.4%
Q4 24
25.1%
3.5%
Q3 24
19.6%
13.4%
Q2 24
21.6%
9.7%
EPS (diluted)
CDNS
CDNS
KNF
KNF
Q1 26
$1.23
Q4 25
$1.42
$0.56
Q3 25
$1.05
$2.52
Q2 25
$0.59
$0.89
Q1 25
$1.00
$-1.21
Q4 24
$1.23
$0.42
Q3 24
$0.87
$2.60
Q2 24
$0.84
$1.37

Balance Sheet & Financial Strength

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

Metric
CDNS
CDNS
KNF
KNF
Cash + ST InvestmentsLiquidity on hand
$1.4B
$73.8M
Total DebtLower is stronger
$2.5B
$1.2B
Stockholders' EquityBook value
$6.6B
$1.6B
Total Assets
$12.1B
$3.7B
Debt / EquityLower = less leverage
0.38×
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CDNS
CDNS
KNF
KNF
Q1 26
$1.4B
Q4 25
$3.2B
$73.8M
Q3 25
$2.8B
$30.7M
Q2 25
$2.8B
$26.6M
Q1 25
$2.8B
$86.1M
Q4 24
$2.8B
$236.8M
Q3 24
$2.8B
$220.4M
Q2 24
$1.1B
$15.5M
Total Debt
CDNS
CDNS
KNF
KNF
Q1 26
$2.5B
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.4B
Q1 25
$1.2B
Q4 24
$677.4M
Q3 24
$678.5M
Q2 24
$679.5M
Stockholders' Equity
CDNS
CDNS
KNF
KNF
Q1 26
$6.6B
Q4 25
$5.5B
$1.6B
Q3 25
$5.2B
$1.6B
Q2 25
$5.0B
$1.5B
Q1 25
$4.8B
$1.4B
Q4 24
$4.7B
$1.5B
Q3 24
$4.6B
$1.4B
Q2 24
$4.3B
$1.3B
Total Assets
CDNS
CDNS
KNF
KNF
Q1 26
$12.1B
Q4 25
$10.2B
$3.7B
Q3 25
$9.6B
$3.7B
Q2 25
$9.5B
$3.6B
Q1 25
$9.0B
$3.3B
Q4 24
$9.0B
$2.9B
Q3 24
$9.2B
$2.9B
Q2 24
$7.2B
$2.7B
Debt / Equity
CDNS
CDNS
KNF
KNF
Q1 26
0.38×
Q4 25
0.71×
Q3 25
0.74×
Q2 25
0.93×
Q1 25
0.83×
Q4 24
0.46×
Q3 24
0.47×
Q2 24
0.52×

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
KNF
KNF
Operating Cash FlowLast quarter
$355.8M
$195.9M
Free Cash FlowOCF − Capex
$307.0M
$138.2M
FCF MarginFCF / Revenue
20.8%
18.3%
Capex IntensityCapex / Revenue
9.6%
7.6%
Cash ConversionOCF / Net Profit
1.06×
6.12×
TTM Free Cash FlowTrailing 4 quarters
$1.4B
$-69.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CDNS
CDNS
KNF
KNF
Q1 26
$355.8M
Q4 25
$553.5M
$195.9M
Q3 25
$310.7M
$250.4M
Q2 25
$377.6M
$-42.6M
Q1 25
$487.0M
$-125.3M
Q4 24
$441.4M
$172.4M
Q3 24
$410.0M
$239.7M
Q2 24
$156.0M
$-46.6M
Free Cash Flow
CDNS
CDNS
KNF
KNF
Q1 26
$307.0M
Q4 25
$512.5M
$138.2M
Q3 25
$277.0M
$188.7M
Q2 25
$333.5M
$-196.2M
Q1 25
$464.0M
$-200.2M
Q4 24
$404.2M
$127.2M
Q3 24
$383.5M
$216.1M
Q2 24
$126.8M
$-106.5M
FCF Margin
CDNS
CDNS
KNF
KNF
Q1 26
20.8%
Q4 25
35.6%
18.3%
Q3 25
20.7%
15.7%
Q2 25
26.1%
-23.5%
Q1 25
37.3%
-56.6%
Q4 24
29.8%
19.3%
Q3 24
31.5%
19.6%
Q2 24
12.0%
-13.2%
Capex Intensity
CDNS
CDNS
KNF
KNF
Q1 26
9.6%
Q4 25
2.8%
7.6%
Q3 25
2.5%
5.1%
Q2 25
3.5%
18.4%
Q1 25
1.9%
21.2%
Q4 24
2.7%
6.9%
Q3 24
2.2%
2.1%
Q2 24
2.8%
7.4%
Cash Conversion
CDNS
CDNS
KNF
KNF
Q1 26
1.06×
Q4 25
1.43×
6.12×
Q3 25
1.08×
1.75×
Q2 25
2.36×
-0.84×
Q1 25
1.78×
Q4 24
1.30×
7.41×
Q3 24
1.72×
1.62×
Q2 24
0.68×
-0.60×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CDNS
CDNS

Product and Maintenance$1.3B92%
Services$125.0M8%

KNF
KNF

Services$347.2M46%
Ready Mix Concrete$88.4M12%
Contracting Services Public Sector$80.2M11%
Aggregates$73.9M10%
Energy Services Segment$56.2M7%
Liquid Asphalt$49.1M7%
Other$43.2M6%
Asphalt$22.7M3%

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