AIP vs CDNS Stock Comparison

Arteris and Cadence Design Systems Prices as of Oct 26, 2026 Peers: Industry group
AIP Arteris, Inc.
$19.44 -18.6% 1M +36.8% 1Y
Market cap
$982.41M
P/E
–
Revenue (TTM)
$84.62M
Div. yield
–
Semiconductor EDA Software Technology
2 wins
CDNS Cadence Design Systems Inc
$322.17 -1.2% 1M -6.6% 1Y
Market cap
$95.13B
P/E
68.9x
Revenue (TTM)
$6.13B
Div. yield
–
Semiconductor EDA Software Technology
4 wins

Head to Head

6 decided of 12

Cadence Design Systems leads on 4 of the 12 questions below (Cadence Design Systems 4, Arteris 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAIPCDNSLeader
Larger companyMarket capitalisation $982.41M $95.13B CDNS
Cheaper on earningsLower P/E, profitable companies only -24.9x 68.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 36.4x –
Faster revenue growthRevenue growth, trailing twelve months +33.8% +17.6% AIP
More profitableNet margin, trailing twelve months -46.7% — –
Better return on capitalReturn on invested capital -101.1% — –
Less leveragedLower net debt / EBITDA 3.3x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +36.8% -6.6% AIP
Better 5-year returnAnnualised price return, 5 years +1.3%/yr +14.3%/yr CDNS
Less volatileAnnualised volatility, 1 year 79.0% 41.0% CDNS
Higher overall scoreMean of the five percentile scores vs peers 28/100 49/100 CDNS

Percentile Scorecard

AIPCDNS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAIPCDNS
Valuation 11 #85 of 95 30 #67 of 95
Growth 75 #24 of 93 64 #34 of 93
Profitability 18 #75 of 91 53 #43 of 91
Financial Health 27 #74 of 101 –
Shareholder Returns 11 #67 of 75 –
Overall 28 49
  • AIP ranked among 104 companies in Semiconductors
  • CDNS ranked among 104 companies in Semiconductors

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAIPCDNSSPY
1 month -18.6%-1.2% -0.8%
3 months -35.8%-4.9% +3.5%
6 months -26.9%-4.3% +7.0%
Year to date +25.4%+3.1% +12.2%
1 year +36.8%-6.6% +13.0%
3 years +262.0%+39.5% +86.3%
3 years, per year +53.6%+11.8% +23.1%
5 years +6.8%+95.1% +68.6%
5 years, per year +1.3%+14.3% +11.0%
10 years —+1,162.4% +258.0%
10 years, per year —+28.9% +13.6%

Risk

MeasureAIPCDNSSPY
Volatility, 1Y 79.0%41.0% 12.7%
Downside volatility, 1Y 81.1%41.0% 12.7%
Beta vs S&P 500, 1Y 3.601.61 1.00
Return / volatility, 1Y 0.47-0.16 1.02
Max drawdown, 5Y -87.6%-33.0% -25.4%
From 52-week high -60.0%-22.6% -1.8%
52-week high $48.59$416.39 $779.14
52-week low $12.32$265.66 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAIPCDNS
P/E now vs peer median -23.3xmedian 42.1x 63.9xmedian 42.1x
P/S now vs peer median 11.3xmedian 7.1x 14.5xmedian 7.1x
EV/EBITDA now vs peer median -23.3xmedian 27.5x —median 27.5x
P/FCF now vs peer median 140.9xmedian 37.2x 53.2xmedian 37.2x
P/B now vs peer median 14.1xmedian 4.2x 12.9xmedian 4.2x
PEG now vs peer median -6.16median 2.23 5.13median 2.23

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAIPCDNS
Revenue $84.62M $6.13B
Gross profit $74.13M –
Operating income -$40.39M $1.77B
Net income -$39.52M $1.38B
Free cash flow $6.77M –
R&D $57.09M $2.04B
EPS (diluted) $-0.84 $5.00
Cash & equivalents $93.27M $1.45B
Total debt $3.50M –
Shares (diluted) 47.28M 276.16M
Enterprise value $728.66M $95.13B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAIPCDNS
P/E -23.3x 63.9x
P/FCF 140.9x 53.2x
P/Operating cash flow 112.1x 45.1x
P/S 11.3x 14.5x
P/B 14.1x 12.9x
P/Tangible book 19.5x 17.5x
EV/EBITDA -23.3x –
EV/EBIT -20.7x –
EV/Revenue 9.9x 14.5x
EV/FCF 123.4x –
EV/Operating cash flow 98.2x 45.1x
PEG (3Y EPS CAGR) -6.16 5.13

Growth

14 metrics
MetricAIPCDNS
Revenue growth (1Y) 33.8% 17.6%
Revenue CAGR (3Y) – 16.1%
Gross profit growth (1Y) 30.2% –
Gross profit CAGR (3Y) – –
Operating income growth (1Y) -30.4% 19.4%
Operating income CAGR (3Y) – 16.4%
Net income growth (1Y) -19.2% 30.1%
Net income CAGR (3Y) -6.1% 13.0%
EPS growth (1Y) -5.5% 29.0%
EPS CAGR (3Y) 3.8% 12.5%
Operating cash flow growth (1Y) 850.8% 21.7%
Operating cash flow CAGR (3Y) 36.6% 13.6%
Free cash flow growth (1Y) 486.2% –
Free cash flow CAGR (3Y) 33.8% –

Profitability

14 metrics
MetricAIPCDNS
Gross margin 87.6% –
EBITDA margin -42.4% –
Operating margin -47.7% –
Pretax margin -51.7% –
Net margin -46.7% –
FCF margin 8.0% –
Operating cash flow margin 10.1% 32.1%
Return on equity -117.0% –
Return on assets -22.5% –
Return on invested capital -101.1% –
Return on capital employed -45.4% –
Asset turnover 0.5x 0.5x
Cash conversion (OCF / net income) -0.2x 1.4x
Stock comp / revenue 25.3% 8.9%

Financial Health

11 metrics
MetricAIPCDNS
Debt / assets 1.6% –
Debt / equity 0.1x –
Net debt / EBITDA 3.3x –
Debt / FCF 0.5x –
Liabilities / assets 69.9% –
Equity / assets 30.1% 56.2%
Interest coverage -236.2x –
Current ratio 1.6x 1.4x
Quick ratio 1.5x –
Cash ratio 1.3x –
Altman Z-score 2.50 –

Shareholder Returns

7 metrics
MetricAIPCDNS
Dividend yield – –
Net buyback yield -7.9% –
Shareholder yield -7.9% –
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAIPCDNS
Forward P/E – 36.4xFY2026
EPS, next fiscal year $-0.17FY2026 $8.84FY2026
EPS growth, next FY – +23.8%FY2026
EPS growth, the year after – +14.6%
Revenue, next fiscal year $91.38MFY2026 $6.79BFY2026
Revenue growth, next FY +29.5%FY2026 +28.2%FY2026
Revenue growth, the year after +22.1% +13.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAIPCDNS
Held by institutions 64.9% 88.2%
Institutions holding 209 1,498
Change in shares held, QoQ +14.9% +5.4%
Institutions buying 163 831
Institutions selling 40 518
Buyers to sellers 4.08 1.60

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AIPCDNS
AIP 1.00 0.39
CDNS 0.39 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AIP and CDNS?

Cadence Design Systems (CDNS) is the largest by market capitalisation: Arteris (AIP) $982.41M, Cadence Design Systems (CDNS) $95.13B.

Which company is growing faster?

Arteris (AIP) grew revenue fastest over the trailing twelve months: Arteris (AIP) +33.8%, Cadence Design Systems (CDNS) +17.6%.

Which stock has performed better?

Over the past year Arteris (AIP) returned the most: Arteris (AIP) +36.8%, Cadence Design Systems (CDNS) -6.6%. Over five years, Cadence Design Systems (CDNS) compounded fastest (Arteris (AIP) +1.3%/yr, Cadence Design Systems (CDNS) +14.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Cadence Design Systems (CDNS) has been the steadiest (Arteris (AIP) 79.0%, Cadence Design Systems (CDNS) 41.0%). Volatility measures how widely the price swings, not the risk of the business.

Do AIP and CDNS move together?

Their daily returns over the past year have a correlation of 0.39, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, AIP and CDNS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Cadence Design Systems (CDNS) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.