Saturday 17 October 2026
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Radware Ltd.
RDWR Technology Software Infrastructure
Radware Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $301.9 million, up 9.81% from fiscal 2024. In the quarter to June 2026, revenue grew 11.0%, EPS fell 60.0% and free cash flow fell 23.0%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
27.16
1.21
−4.27%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
0.00 | 0.00 | 87.35 | 53.71 | 135.70 | 244.94 | 0.00 | 0.00 | 160.93 | 51.26 |
Piotroski F-Score |
5 | 6 | 7 | 5 | 6 | 6 | 6 | 4 | 8 | 7 |
Altman Z-Score |
4.10 | 4.25 | 4.95 | 4.63 | 4.42 | 5.47 | 3.00 | 2.76 | 3.17 | 3.24 |
P/S ratio |
3.23 | 4.00 | 4.39 | 4.79 | 5.16 | 6.67 | 3.07 | 2.68 | 3.44 | 3.42 |
P/FCF ratio |
28.97 | 34.87 | 25.47 | 27.00 | 23.36 | 28.90 | 0.00 | 0.00 | 149.43 | 0.00 |
Altman Z″-Score (non-manufacturers) |
5.66 | 4.59 | 5.95 | 4.01 | 4.65 | 3.98 | 3.82 | 4.21 | 3.67 | 3.48 |
Beneish M-Score |
(3.48) | (2.93) | (2.85) | (1.99) | (3.28) | (3.09) | (2.43) | (2.64) | (2.93) | (1.74) |
P/Operating CF |
80.01 | 106.30 | 40.03 | 304.86 | 71.11 | 66.09 | 94.26 | 264.05 | 74.19 | 59.60 |
P/B ratio |
2.12 | 2.68 | 2.83 | 3.05 | 3.32 | 5.17 | 2.45 | 2.17 | 2.65 | 2.64 |
Price to Tangible BV |
2.38 | 3.10 | 3.19 | 3.55 | 3.85 | 6.01 | 3.21 | 2.92 | 3.41 | 3.24 |
EV/Sales |
2.08 | 3.05 | 3.04 | 4.08 | 3.91 | 5.67 | 2.06 | 1.42 | 2.44 | 2.60 |
EV/EBITDA |
0.00 | 141.34 | 41.15 | 36.49 | 58.52 | 57.15 | 72.20 | 0.00 | 84.30 | 33.97 |
EV/Operating CF |
17.60 | 20.49 | 14.46 | 19.47 | 15.33 | 22.63 | 18.76 | (105.70) | 9.36 | 15.66 |
EV/FCF |
18.67 | 26.58 | 17.63 | 23.02 | 17.73 | 24.55 | (16.45) | (5.37) | 105.86 | (42.52) |
Quick Ratio |
2.88 | 2.02 | 2.83 | 1.60 | 2.28 | 1.82 | 1.93 | 2.26 | 1.74 | 1.50 |
Current Ratio |
3.13 | 2.33 | 3.04 | 1.77 | 2.42 | 1.93 | 2.04 | 2.43 | 1.90 | 1.63 |
Net Debt/EBITDA |
95.11 | (44.06) | (18.28) | (6.31) | (18.56) | (10.13) | (35.68) | 17.01 | (34.69) | (11.14) |
Debt/Assets |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
0.46 | 0.47 | 0.47 | 0.45 | 0.41 | 0.46 | 0.46 | 0.43 | 0.46 | 0.47 |
Operating CF/Net income |
(4.44) | (4.20) | 4.20 | 2.34 | 6.63 | 9.19 | (193.66) | 0.16 | 11.86 | 2.47 |
Capex/Depreciation |
(0.91) | (0.64) | (0.91) | (0.72) | (0.82) | (0.55) | (0.75) | (0.44) | (0.45) | (0.73) |
| (2.80%) | (2.44%) | 3.45% | 5.94% | 2.46% | 2.06% | (0.04%) | (6.24%) | 1.77% | 5.42% | |
| (2.01%) | (1.66%) | 2.34% | 4.00% | 1.58% | 1.24% | (0.03%) | (3.55%) | 1.01% | 3.14% | |
ROIC |
(10.81%) | (3.64%) | 9.89% | 4.86% | 4.94% | 13.87% | (2.96%) | 0.00% | (2.99%) | 5.34% |
Return on Tangible Assets |
(4.17%) | (4.49%) | 4.43% | 18.90% | 4.24% | 4.46% | (0.09%) | (9.03%) | 3.59% | 14.61% |
Average Days of Receivables |
36.03 | 27.89 | 26.73 | 32.74 | 24.60 | 16.81 | 22.08 | 28.31 | 22.34 | 42.35 |
Research and Development Expense of Revenue |
26.32% | 27.91% | 24.60% | 24.53% | 26.73% | 25.86% | 29.50% | 31.62% | 27.18% | 26.17% |
Selling, General and Administrative Expense of Revenue |
62.01% | 59.76% | 54.41% | 50.83% | 52.77% | 49.47% | 53.27% | 60.72% | 54.86% | 50.73% |
Intangible Assets out of Total Assets |
0.08 | 0.09 | 0.08 | 0.09 | 0.09 | 0.08 | 0.14 | 0.15 | 0.13 | 0.11 |
Share Based Compensation of Revenue |
5.86% | 6.17% | 5.33% | 5.18% | 6.62% | 6.13% | 9.32% | 13.02% | 9.47% | 7.96% |
Graham Net Nets |
0.21 | 0.11 | 0.19 | 0.02 | 0.09 | 0.03 | 0.07 | 0.18 | 0.06 | 0.03 |
Graham Number |
0.00 | 0.00 | 6.86 | 9.55 | 6.20 | 5.55 | 0.00 | 0.00 | 5.18 | 9.82 |
Earnings Yield |
(1.36%) | (0.82%) | 1.14% | 1.86% | 0.74% | 0.41% | (0.05%) | (3.06%) | 0.62% | 1.95% |
Free Cash Flow Yield |
3.45% | 2.87% | 3.93% | 3.70% | 4.28% | 3.46% | (4.07%) | (9.84%) | 0.67% | (1.79%) |
Revenue per Share |
4.48 | 4.86 | 5.18 | 5.38 | 5.38 | 6.24 | 6.53 | 6.09 | 6.55 | 7.04 |
Operating CF per Share |
0.88 | 0.72 | 1.09 | 1.13 | 1.37 | 1.56 | 0.72 | (0.08) | 1.71 | 1.17 |
Capex per Share |
(0.21) | (0.17) | (0.20) | (0.17) | (0.19) | (0.12) | (0.20) | (0.13) | (0.13) | (0.20) |
Free Cash Flow per Share |
0.66 | 0.56 | 0.89 | 0.95 | 1.19 | 1.44 | 0.52 | (0.21) | 1.58 | 0.97 |
Cash per Share |
5.15 | 4.62 | 6.99 | 3.80 | 6.68 | 6.27 | 6.63 | 7.71 | 6.57 | 6.00 |
Shareholders Equity per Share |
6.83 | 7.25 | 8.04 | 8.44 | 8.36 | 8.06 | 8.20 | 7.54 | 8.51 | 9.11 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
6.83 | 7.25 | 8.04 | 8.44 | 8.36 | 8.06 | 8.20 | 7.54 | 8.51 | 9.11 |
Free Cash Flow |
29.08 | 24.25 | 40.38 | 44.70 | 55.19 | 66.17 | 23.33 | (8.93) | 66.33 | 41.56 |
Working Capital |
181.50 | 143.09 | 241.00 | 96.43 | 204.06 | 154.82 | 170.39 | 220.91 | 152.41 | 122.22 |
Capital Expenditures |
(9.40) | (7.21) | (8.87) | (8.15) | (8.67) | (5.60) | (8.81) | (5.43) | (5.28) | (8.54) |
Net Current Asset Value |
136.19 | 94.40 | 190.27 | 22.10 | 113.00 | 55.33 | 59.28 | 127.29 | 59.28 | 36.03 |
EV/EBIT |
0.00 | 0.00 | 94.65 | 60.83 | 158.69 | 89.12 | 0.00 | 0.00 | 0.00 | 68.75 |
Capex to Sales |
0.05 | 0.03 | 0.04 | 0.03 | 0.03 | 0.02 | 0.03 | 0.02 | 0.02 | 0.03 |
Price to Operating Income |
0.00 | 0.00 | 136.70 | 71.34 | 209.03 | 104.92 | 0.00 | 0.00 | 0.00 | 90.55 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.39 | 0.48 | 0.41 | 0.49 | 0.46 | 0.50 | 0.56 | 0.67 | 0.76 | 0.71 |
Cash ROIC |
5.53% | 4.70% | 5.94% | 7.80% | 7.90% | 10.06% | 3.50% | (1.37%) | 10.48% | 6.41% |
Accounts Receivable Turnover |
8.58 | 11.89 | 14.07 | 12.67 | 12.67 | 19.07 | 18.97 | 13.75 | 14.82 | 11.64 |
Accounts Payable Turnover |
4.69 | 6.99 | 8.46 | 8.37 | 8.84 | 12.80 | 10.00 | 9.61 | 10.78 | 9.10 |
Inventory Turnover |
2.14 | 2.21 | 2.24 | 2.79 | 3.23 | 4.11 | 4.68 | 3.83 | 3.60 | 4.28 |
Average Days of Payables |
61.06 | 49.45 | 39.26 | 51.02 | 31.43 | 30.00 | 43.79 | 30.34 | 38.25 | 45.26 |
Days of Inventory on Hand |
175.00 | 172.95 | 161.16 | 112.63 | 112.82 | 80.59 | 77.41 | 109.72 | 96.16 | 82.71 |
Average Receivables |
22.91 | 17.78 | 16.66 | 19.89 | 19.73 | 15.02 | 15.47 | 19.01 | 18.55 | 25.92 |
Average Payables |
7.61 | 5.67 | 4.93 | 5.40 | 5.10 | 4.10 | 5.39 | 5.38 | 4.94 | 6.41 |
Average Inventory |
16.72 | 17.94 | 18.59 | 16.17 | 13.94 | 12.76 | 11.50 | 13.49 | 14.79 | 13.63 |
Average Assets |
430.61 | 450.87 | 502.07 | 563.96 | 609.23 | 629.32 | 639.48 | 607.75 | 595.30 | 644.92 |
Average Common Equity |
309.44 | 307.56 | 339.66 | 379.64 | 391.90 | 379.23 | 369.22 | 345.86 | 340.17 | 373.88 |
Columns are period end dates