TPC vs. CDNS
TPC (Tutor Perini Corporation) and CDNS (Cadence Design Systems, Inc.) are both stocks. TPC operates in Engineering & Construction (Industrials), while CDNS operates in Software - Application (Technology). Over the past 10 years, TPC returned 12.65%/yr vs 31.77%/yr for CDNS. At a 0.22 correlation, their price movements are largely independent.
Performance
TPC vs. CDNS - Performance Comparison
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Returns By Period
In the year-to-date period, TPC achieves a 11.97% return, which is significantly lower than CDNS's 23.16% return. Over the past 10 years, TPC has underperformed CDNS with an annualized return of 12.65%, while CDNS has yielded a comparatively higher 31.77% annualized return.
TPC
- 1D
- 1.78%
- 1M
- -5.68%
- YTD
- 11.97%
- 6M
- 11.44%
- 1Y
- 78.49%
- 3Y*
- 120.04%
- 5Y*
- 38.76%
- 10Y*
- 12.65%
CDNS
- 1D
- 0.32%
- 1M
- 10.86%
- YTD
- 23.16%
- 6M
- 19.10%
- 1Y
- 28.32%
- 3Y*
- 17.22%
- 5Y*
- 24.39%
- 10Y*
- 31.77%
TPC vs. CDNS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPC Tutor Perini Corporation | 11.97% | 177.18% | 165.93% | 20.53% | -38.97% | -4.48% | 0.70% | -19.47% | -37.00% | -9.46% |
CDNS Cadence Design Systems, Inc. | 23.16% | 4.03% | 10.31% | 69.55% | -13.80% | 36.59% | 96.70% | 59.52% | 3.97% | 65.82% |
Correlation
The correlation between TPC and CDNS is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.22 |
Fundamentals
TPC:
$4.03B
CDNS:
$105.37B
TPC:
$2.35
CDNS:
$4.28
TPC:
31.89
CDNS:
89.86
TPC:
0.71
CDNS:
19.03
TPC:
3.32
CDNS:
12.08
TPC:
$5.69B
CDNS:
$5.53B
TPC:
$667.75M
CDNS:
$4.91B
TPC:
$285.88M
CDNS:
$1.87B
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Return for Risk
TPC vs. CDNS — Risk / Return Rank
TPC
CDNS
TPC vs. CDNS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tutor Perini Corporation (TPC) and Cadence Design Systems, Inc. (CDNS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TPC | CDNS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.15 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 0.87 | +1.73 |
| Martin ratioReturn relative to average drawdown | 7.47 | 1.84 | +5.62 |
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Drawdowns
TPC vs. CDNS - Drawdown Comparison
The maximum TPC drawdown since its inception was -95.89%, roughly equal to the maximum CDNS drawdown of -93.13%. Use the drawdown chart below to compare losses from any high point for TPC and CDNS.
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Drawdown Indicators
| TPC | CDNS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.89% | -93.13% | -2.76% |
Max Drawdown (1Y)Largest decline over 1 year | -29.33% | -28.85% | -0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -40.94% | -29.05% | -11.89% |
Max Drawdown (5Y)Largest decline over 5 years | -67.46% | -29.59% | -37.87% |
Max Drawdown (10Y)Largest decline over 10 years | -91.02% | -32.12% | -58.90% |
Current DrawdownCurrent decline from peak | -22.95% | -7.55% | -15.40% |
Average DrawdownAverage peak-to-trough decline | -51.96% | -39.62% | -12.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.18% | 13.63% | -3.45% |
Volatility
TPC vs. CDNS - Volatility Comparison
The current volatility for Tutor Perini Corporation (TPC) is 14.19%, while Cadence Design Systems, Inc. (CDNS) has a volatility of 16.52%. This indicates that TPC experiences smaller price fluctuations and is considered to be less risky than CDNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPC | CDNS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.19% | 16.52% | -2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 38.23% | 31.73% | +6.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.98% | 38.94% | +8.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.36% | 36.17% | +19.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.08% | 34.12% | +30.96% |
Dividends
TPC vs. CDNS - Dividend Comparison
TPC's dividend yield for the trailing twelve months is around 0.24%, while CDNS has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
CDNS Cadence Design Systems, Inc. | 0.00% | 0.00% |
TPC Tutor Perini Corporation | 0.24% | 0.09% |
Financials
TPC vs. CDNS - Financials Comparison
This section allows you to compare key financial metrics between Tutor Perini Corporation and Cadence Design Systems, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
TPC vs. CDNS - Profitability Comparison
TPC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tutor Perini Corporation reported a gross profit of 154.63M and revenue of 1.39B. Therefore, the gross margin over that period was 11.1%.
CDNS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cadence Design Systems, Inc. reported a gross profit of 1.41B and revenue of 1.47B. Therefore, the gross margin over that period was 95.9%.
TPC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tutor Perini Corporation reported an operating income of 59.18M and revenue of 1.39B, resulting in an operating margin of 4.3%.
CDNS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cadence Design Systems, Inc. reported an operating income of 431.33M and revenue of 1.47B, resulting in an operating margin of 29.3%.
TPC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tutor Perini Corporation reported a net income of 73.49M and revenue of 1.39B, resulting in a net margin of 5.3%.
CDNS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cadence Design Systems, Inc. reported a net income of 335.66M and revenue of 1.47B, resulting in a net margin of 22.8%.
Frequently Asked Questions
TPC and CDNS have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDNS has higher volatility (16.52%) compared to TPC (14.19%). In terms of maximum drawdown, TPC dropped -95.89% vs CDNS's -93.13%.
TPC currently has the higher Sharpe Ratio (1.62 vs 0.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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