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