Synopsys (SNPS)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $95.8B, Synopsys's free cash flow of $1.3B (fiscal 2025) would need to grow about 22% a year for the stock to be worth today's price. That is faster than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Synopsys's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from SNPS's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Synopsys's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $4.2B | $4.6B | $5.3B | $6.1B | $7.1B |
| Net income | $758M | $985M | $1.2B | $2.3B | $1.3B |
| Free cash flow | $1.4B | $1.6B | $1.5B | $1.3B | $1.3B |
| EPS (diluted) | $4.81 | $6.29 | $7.92 | $14.51 | $8.04 |
| Operating margin | 17.5% | 24.9% | 23.9% | 22.1% | 13.0% |
Where the revenue comes from
Revenue by segments, fiscal 2025.
Superinvestors who own SNPS
From each investor's latest 13F filing (what a 13F shows). 9 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
Added | $672M | 0.23% | Q2 2026 |
| PRIMECAP Management PRIMECAP Management Co |
Added | $399M | 0.24% | Q2 2026 |
| Tom Steyer Farallon Capital Management LLC |
Trimmed | $370M | 1.7% | Q2 2026 |
| Hersh Cohen ClearBridge Investments |
Trimmed | $365M | 0.30% | Q2 2026 |
| Philippe Laffont Coatue Management |
Trimmed | $142M | 0.29% | Q2 2026 |
| Dodge & Cox Dodge & Cox |
Trimmed | $5M | 0.00% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Trimmed | $1M | 0.00% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Added | $513,427 | 0.00% | Q2 2026 |
| Ron Baron Baron Capital (BAMCO) |
Trimmed | $439,379 | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by Synopsys's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Mar 23, 2026 | Ro Khanna |
0 | $432.48 | — |
| Mar 23, 2026 | Ro Khanna |
0 | $432.48 | — |
| Mar 23, 2026 | Ro Khanna |
0 | $432.48 | — |
| Feb 24, 2026 | Ro Khanna |
0 | $440.72 | — |
| Feb 24, 2026 | Ro Khanna |
0 | $440.72 | — |
| Feb 24, 2026 | Ro Khanna |
0 | $440.72 | — |
| Jan 29, 2026 | Ro Khanna |
0 | $480.00 | — |
| Jan 29, 2026 | Ro Khanna |
0 | $480.00 | — |
| Jan 29, 2026 | Ro Khanna |
0 | $480.00 | — |
| Jan 13, 2026 | Ro Khanna |
0 | $511.80 | — |
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In the full deep dive
Questions
What growth does Synopsys's stock price imply?
At a market value of $95.8B, Synopsys would need its free cash flow to grow about 22% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 11% a year.
Are Synopsys insiders buying the stock?
10 open-market insider purchases of SNPS in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Synopsys?
9 of the superinvestors Investingly tracks hold SNPS in their latest 13F, including Cliff Asness, PRIMECAP Management, Tom Steyer.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.