Which has the lower trailing P/E, CDNS or FTNT?

FTNT has the lower trailing P/E: CDNS trades at 66.16 and FTNT at 53.95. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, CDNS or FTNT?

Over the past five years, FTNT grew revenue faster — CDNS at a 15.04% CAGR versus FTNT at 20.93%.

Is CDNS or FTNT more profitable?

FTNT runs the higher net margin — CDNS at 23.61% versus FTNT at 28.17%.

How have CDNS and FTNT total returns compared?

Over the past 10 years, CDNS delivered 30.05% and FTNT delivered 36.27% annualized total return. Past performance doesn't predict future results.

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

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 July 30, 2026. Differences are shown without an overall score or investment verdict.

CDNS

Cadence Design Systems, Inc.

$91.84B

$332.97TechnologyDelayed quote: Jul 30, 2026, 1:40 PM EDT

FTNT

Fortinet, Inc.

$112.75B

$153.89TechnologyDelayed quote: Jul 30, 2026, 1:40 PM EDT

Total return — CDNS vs FTNT

growth of $100 · dividends reinvested · last 17y

CDNS +5540.0%FTNT +9130.1%FTNT compounded faster

CDNS FTNT

CDNS vs FTNT: by the numbers

•FTNT is the larger company ($112.75B vs $91.84B market cap).
•FTNT trades at the lower trailing earnings multiple (53.95 vs 66.16 P/E), one valuation lens rather than an overall verdict.
•FTNT converts more revenue to profit (28.17% vs 23.61% net margin).
•FTNT grew revenue faster over the past five years (20.93% vs 15.04% CAGR).

Metrics side by side

Valuation

Metric	CDNS	FTNT
P/E ratio	66.16	53.95
Forward P/E	40.93	48.59
P/S ratio	15.67	15.09
P/B ratio	13.34	73.23
PEG ratio	14.86	4.64
EV / EBITDA	46.07	44.13
FCF yield	1.83%	2.74%

Profitability

Metric	CDNS	FTNT
Gross margin	88.50%	80.38%
Operating margin	30.83%	32.43%
Net margin	23.61%	28.17%
ROE	20.09%	136.72%
ROIC	14.11%	28.75%

Growth (annualized)

Metric	CDNS	FTNT
Revenue CAGR (5Y)	15.04%	20.93%
EPS CAGR (5Y)	13.62%	32.39%
FCF CAGR (5Y)	15.03%	22.98%
Total return CAGR (5Y)	17.95%	22.82%

Frequently asked

Which has the lower trailing P/E, CDNS or FTNT?: FTNT has the lower trailing P/E: CDNS trades at 66.16 and FTNT at 53.95. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, CDNS or FTNT?: Over the past five years, FTNT grew revenue faster — CDNS at a 15.04% CAGR versus FTNT at 20.93%.
Is CDNS or FTNT more profitable?: FTNT runs the higher net margin — CDNS at 23.61% versus FTNT at 28.17%.
How have CDNS and FTNT total returns compared?: Over the past 10 years, CDNS delivered 30.05% and FTNT delivered 36.27% annualized total return. 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 July 30, 2026.