Is CDNS or FTNT cheaper?

On trailing earnings, FTNT is cheaper: CDNS trades at a 89.73 P/E and FTNT at 56.49.

Which has grown faster, CDNS or FTNT?

Over the past five years, FTNT grew revenue faster — CDNS at a 14.78% CAGR versus FTNT at 21.13%.

Is CDNS or FTNT more profitable?

FTNT runs the higher net margin — CDNS at 21.18% versus FTNT at 27.49%.

Which has been the better investment, CDNS or FTNT?

Over the past 10-year, FTNT delivered the higher annualized total return — CDNS at 31.59% versus FTNT at 36.02%. Past performance doesn't predict future results.

Cadence Design Systems, Inc. (CDNS) vs Fortinet, Inc. (FTNT)

FTNT leads on 12 of 15 compared metrics.

A side-by-side comparison of Cadence Design Systems, Inc. and Fortinet, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

CDNS

Cadence Design Systems, Inc.

Total return — CDNS vs FTNT

growth of $100 · last 17y

CDNS +6159.5%FTNT +8713.3%FTNT compounded faster

CDNS FTNT

CDNS vs FTNT: by the numbers

•FTNT is the larger company ($107.19B vs $106.18B market cap).
•FTNT trades at the lower earnings multiple (56.49 vs 89.73 P/E).
•FTNT converts more revenue to profit (27.49% vs 21.18% net margin).
•FTNT grew revenue faster over the past five years (21.13% vs 14.78% CAGR).

Which is better, CDNS or FTNT?

Metric tally: CDNS 3 · FTNT 12

It depends on what you're optimizing for:

ValueFTNT(lower P/E)

GrowthFTNT(faster 5Y revenue CAGR)

QualityFTNT(higher ROIC)

Valuation

Metric	CDNS	FTNT
P/E ratio	89.73	56.49●
Forward P/E	41.13●	42.79
P/S ratio	19.06	15.29●
P/B ratio	16.06●	109.80
PEG ratio	14.88	4.54●
EV / EBITDA	56.46	39.77●
FCF yield	1.36%	2.24%●

Profitability

Metric	CDNS	FTNT
Gross margin	88.85%●	80.67%
Operating margin	31.11%	31.06%
Net margin	21.18%	27.49%●
ROE	17.85%	197.48%●
ROIC	14.11%	28.75%●

Growth (annualized)

Metric	CDNS	FTNT
Revenue CAGR (5Y)	14.78%	21.13%●
EPS CAGR (5Y)	13.62%	32.39%●
FCF CAGR (5Y)	11.44%	21.24%●
Total return CAGR (5Y)	24.38%	26.14%●

Frequently asked

Which is better, CDNS or FTNT?: It depends on your goal. value: FTNT (lower P/E); growth: FTNT (faster 5Y revenue CAGR); quality: FTNT (higher ROIC). Across all compared metrics, FTNT leads 12 to 3.
Is CDNS or FTNT cheaper?: On trailing earnings, FTNT is cheaper: CDNS trades at a 89.73 P/E and FTNT at 56.49.
Which has grown faster, CDNS or FTNT?: Over the past five years, FTNT grew revenue faster — CDNS at a 14.78% CAGR versus FTNT at 21.13%.
Is CDNS or FTNT more profitable?: FTNT runs the higher net margin — CDNS at 21.18% versus FTNT at 27.49%.
Which has been the better investment, CDNS or FTNT?: Over the past 10-year, FTNT delivered the higher annualized total return — CDNS at 31.59% versus FTNT at 36.02%. Past performance doesn't predict future results.

Go deeper

Full CDNS analysis Full FTNT analysis Interactive comparison tool

Dig into the metrics

Cadence Design Systems P/E ratio Fortinet P/E ratio Cadence Design Systems dividend yield Fortinet dividend yield Cadence Design Systems ROE Fortinet ROE Cadence Design Systems operating margin Fortinet operating margin Cadence Design Systems revenue growth Fortinet revenue growth Cadence Design Systems free cash flow Fortinet free cash flow

Cadence Design Systems & Fortinet appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks Highest Operating Margin Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.