Synopsys (SNPS) financial statements
Synopsys reported revenue of $7.1B in fiscal 2025, up 12.6% a year over 9 years.
Net income was $1.3B and the operating margin 13.0%, against 13.1% in 2016.
Free cash flow was $1.3B.
The diluted share count rose 7% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Synopsys's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.4B | $2.7B | $3.1B | $3.4B | $3.7B | $4.2B | $4.6B | $5.3B | $6.1B | $7.1B |
| Cost of revenue | $543M | $654M | $736M | $753M | $795M | $862M | $898M | $1.0B | $1.2B | $1.6B |
| Gross profit | $1.9B | $2.1B | $2.4B | $2.6B | $2.9B | $3.3B | $3.7B | $4.3B | $4.9B | $5.4B |
| Research and development | $857M | $909M | $1.1B | $1.1B | $1.3B | $1.5B | $1.6B | $1.8B | $2.1B | $2.5B |
| Selling, general and admin | $668M | $746M | $886M | $862M | $917M | $1.0B | $956M | $1.1B | $1.4B | $1.8B |
| Operating income | $317M | $348M | $360M | $520M | $620M | $735M | $1.1B | $1.3B | $1.4B | $915M |
| Interest expense | $4M | $7M | $16M | $12M | $5M | $3M | $2M | $3M | $37M | $447M |
| Pre-tax income | $330M | $383M | $364M | $546M | $638M | $806M | $1.1B | $1.3B | $1.5B | $1.4B |
| Income tax | $63M | $247M | -$69M | $13M | -$25M | $49M | $139M | $90M | $100M | $56M |
| Net income | $267M | $137M | $433M | $532M | $664M | $758M | $985M | $1.2B | $2.3B | $1.3B |
| EPS (diluted) | $1.73 | $0.88 | $2.82 | $3.45 | $4.27 | $4.81 | $6.29 | $7.92 | $14.51 | $8.04 |
| Diluted shares | 155M | 155M | 153M | 154M | 156M | 157M | 156M | 155M | 156M | 166M |
| Gross margin | 77.6% | 76.0% | 76.4% | 77.6% | 78.4% | 79.5% | 80.5% | 80.6% | 79.7% | 77.0% |
| Operating margin | 13.1% | 12.8% | 11.5% | 15.5% | 16.8% | 17.5% | 24.9% | 23.9% | 22.1% | 13.0% |
| Net margin | 11.0% | 5.0% | 13.9% | 15.8% | 18.0% | 18.0% | 21.3% | 23.1% | 36.9% | 18.9% |
Balance sheet
Fiscal years, from Synopsys's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.1B | $1.0B | $723M | $729M | $1.2B | $1.6B | $1.6B | $1.6B | $4.1B | $3.0B |
| Receivables | $439M | $451M | $554M | $554M | $781M | $569M | $796M | $857M | $934M | $1.5B |
| Inventory | — | $62M | $122M | $142M | $192M | $229M | $212M | $326M | $362M | $365M |
| Total current assets | $1.7B | $1.7B | $1.5B | $1.7B | $2.5B | $2.8B | $3.0B | $3.4B | $6.5B | $6.0B |
| Property, plant and equipment | $257M | $266M | $309M | $430M | $484M | $472M | $483M | $550M | $563M | $697M |
| Goodwill | $2.5B | $2.7B | $3.1B | $3.2B | $3.4B | $3.6B | $3.1B | $3.3B | $3.4B | $26.9B |
| Total assets | $5.2B | $5.4B | $6.1B | $6.4B | $8.0B | $8.8B | $9.4B | $10.3B | $13.1B | $48.2B |
| Total current liabilities | $1.7B | $1.6B | $2.1B | $1.8B | $2.1B | $2.4B | $2.8B | $3.0B | $2.7B | $3.7B |
| Long-term debt | $0 | $134M | $126M | $120M | $101M | $25M | $21M | $18M | $16M | $13.5B |
| Total liabilities | $2.0B | $2.1B | $2.7B | $2.3B | $3.1B | $3.5B | $3.9B | $4.1B | $4.1B | $19.9B |
| Shareholders' equity | $3.2B | $3.3B | $3.5B | $4.1B | $4.9B | $5.3B | $5.5B | $6.1B | $9.0B | $28.3B |
| Net debt | -$772M | -$904M | -$254M | -$591M | -$1.1B | -$1.3B | -$1.4B | -$1.4B | -$3.9B | $10.6B |
Cash flow
Fiscal years, from Synopsys's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $587M | $632M | $424M | $801M | $991M | $1.5B | $1.7B | $1.7B | $1.4B | $1.5B |
| Capital spending | $67M | $70M | $99M | $198M | $155M | $94M | $137M | $190M | $140M | $169M |
| Free cash flow | $520M | $562M | $325M | $602M | $837M | $1.4B | $1.6B | $1.5B | $1.3B | $1.3B |
| Stock-based compensation | $98M | $108M | $140M | $155M | $249M | $345M | $459M | $563M | $692M | $893M |
| Share buybacks (net) | -$400M | -$380M | -$400M | -$329M | -$242M | -$753M | -$1.1B | -$1.2B | $0 | $0 |
| Net borrowing | -$185M | -$381M | -$295M | -$524M | -$289M | -$28M | -$77M | -$3M | -$3M | $13.5B |
| Free cash flow margin | 21.5% | 20.6% | 10.4% | 17.9% | 22.7% | 33.3% | 34.7% | 28.5% | 20.7% | 19.1% |
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Open SNPS in InvestinglyQuestions
What was Synopsys's revenue in 2025?
$7.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Synopsys generate?
$1.3B in fiscal 2025 (operating cash flow minus capital spending).
From Synopsys's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.