WEX Inc.
$6.23B- Market cap
- $6.61B
- Debt
- +$4.86B
- Cash
- −$5.24B
Capital structure 58% equity / 42% debt · EV / Revenue 2.34x · EV / EBITDA 5.09x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt capMarket cap $6.61B · View financials
Snapshot Sep 4, 4:00 PM ET
FY 2025 · Mkt cap
Decision snapshot: WEX stock price vs CDNS: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at CDNS's multiple
Needs CDNS P/E.
Implied fair value · at WEX's multiple
Needs WEX P/E.
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple discount
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: WEX FY 2025 (ended Dec 31, 2025) · CDNS FY 2025 (ended Dec 31, 2025).
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 58% equity / 42% debt · EV / Revenue 2.34x · EV / EBITDA 5.09x
Capital structure 96% equity / 4% debt · EV / Revenue 15.24x · EV / EBITDA 42.43x
CDNS carries the larger enterprise value at $80.70B against $6.23B; WEX trades on the lower EV / Revenue multiple (2.34x vs 15.24x); WEX on the lower EV / EBITDA (5.09x vs 42.43x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
WEX Inc. · implied price per share
Bear
$147.51
Base
$171.74
Bull
$203.28
CADENCE DESIGN SYSTEMS, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
3.94x
0.57x
Net debt / EBITDA
Leverage against operating earnings
-0.31x
-0.02x
Cash and equivalents
Liquid reserves on the balance sheet
$5.24B
$3.16B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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