Cadence Design Systems (CDNS) vs Shopify (SHOP)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Cadence Design Systems (CDNS) has outperformed Shopify (SHOP) over the past year, gaining 3.1% versus a gain of 2.9%. Over five years, CDNS leads with a +128.6% price change compared with +16.5% for SHOP. Shopify is the larger company by market cap ($215.45 billion vs $98.07 billion), about 2.2 times the size.
On valuation, Cadence Design Systems trades at a lower forward P/E (37.2x vs 67.7x for Shopify). Cadence Design Systems converts more of its revenue into profit, with a net margin of 20.9% versus 10.7%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CDNS | SHOP |
|---|---|---|
| Share price | $356.12 | $166.03 |
| Market cap | $98.07B | $215.45B |
| 1-day change | -0.95% | +0.97% |
| YTD return | +13.93% | +3.14% |
| 1-year return | +3.08% | +2.95% |
| 5-year return | +128.60% | +16.55% |
| P/E ratio (TTM) | 70.80 | 112.18 |
| Forward P/E | 37.22 | 67.74 |
| EPS (TTM) | $5.03 | $1.48 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $5.30B | $11.56B |
| Revenue growth (YoY) | +14.12% | +30.14% |
| Net income (latest FY) | $1.11B | $1.23B |
| Gross margin | — | 48.07% |
| Operating margin | 28.17% | 12.70% |
| Net margin | 20.94% | 10.65% |
| 52-week high | $416.69 | $182.19 |
| 52-week low | $262.75 | $94.00 |
| Distance from 52-week high | -14.54% | -8.87% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +14.07% | +4.25% |
| Average volume | 2.39M | 9.49M |
| Shares outstanding | 275.39M | 1.22B |
| Employees | 15,445 | 7,600 |
| Sector | Technology | Technology |
| Industry | Computer Software: Prepackaged Software | Computer Software: Prepackaged Software |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Shopify is about 2.2 times larger than Cadence Design Systems by market value ($215.45B vs $98.07B).
- Shopify trades at a higher earnings multiple (112.2x vs 70.8x trailing P/E).
- Cadence Design Systems is more profitable, keeping 20.9 cents of every revenue dollar as net income versus 10.7 cents for Shopify.
- Shopify grew revenue faster in its latest fiscal year (+30.14% vs +14.12%).
About Cadence Design Systems
CDNS stock →Cadence Design Systems, Inc. develops computational, AI-driven software, hardware, and silicon intellectual property products and solutions.
Technology · Computer Software: Prepackaged Software · 15,445 employees
About Shopify
SHOP stock →Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The Company offers Shopify platform that enables merchants to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics, and reporting and access financing for running their business across all of their sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces.
Technology · Computer Software: Prepackaged Software · 7,600 employees
CDNS vs SHOP FAQ
Which is bigger, Cadence Design Systems or Shopify?
Shopify (SHOP) is larger, with a market capitalization of $215.45B compared with $98.07B for Cadence Design Systems (CDNS).
Which stock has performed better over the past year, CDNS or SHOP?
CDNS returned +3.08% over the past 12 months, compared with +2.95% for SHOP (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CDNS or SHOP?
CDNS has the lower trailing P/E at 70.8, versus 112.2 for SHOP. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Cadence Design Systems and Shopify in the same industry?
Yes. Both are classified in the Computer Software: Prepackaged Software industry within the Technology sector.