← Back to Screener
US Stock Screener
HomeScreensNewsWatchlist
...

Radware Ltd. (RDWR) 10-Year Financial Performance & Capital Metrics

RDWR • • Industrial / General
TechnologyInfrastructure SoftwareCybersecurity & Identity ManagementNetwork Security & Firewall
AboutRadware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for applications in cloud, physical, and software defined data centers worldwide. The company offers DefensePro, a real-time network attack mitigation device; AppWall, a Web application firewall; Radware Kubernetes WAF, a Web application firewall solution for CI/CD environments orchestrated by Kubernetes; and DefenseFlow, a cyber-command and control application. It also provides Alteon, an application delivery controller/load balancer for web, cloud, and mobile based applications; and LinkProof NG, a multi-homing and enterprise gateway solution for connectivity of enterprise and cloud-based applications. In addition, the company offers Security Updates Subscription, which provides protection from network elements, hosts and applications against the latest security vulnerabilities and threats; ERT Active Attackers Feed that provides customers with information pertaining to attack sources recently involved in DDoS attacks and web attacks; Alteon Global Elastic License that enables a high level of flexibility for ADC services across datacenters, private and public clouds; APSolute Vision, a network monitoring tool for cyber security and application delivery solutions; and MSSP Portal, a DDoS detection and mitigation service portal. Further, it provides Cloud DDoS Protection Service, which offers a range of enterprise-grade DDoS protection services in the cloud, as well as technical support, professional, managed, and training and certification services to its customers. The company sells its products primarily to independent distributors, including value added resellers, original equipment manufacturers, and system integrators. Radware Ltd. was founded in 1996 and is headquartered in Tel Aviv, Israel.Show more
  • Revenue $275M +5.2%
  • EBITDA $8M +140.9%
  • Net Income $6M +128.0%
  • EPS (Diluted) 0.14 +128.0%
  • Gross Margin 80.63% +0.5%
  • EBITDA Margin 2.89% +138.9%
  • Operating Margin -1.41% +88.3%
  • Net Margin 2.2% +126.6%
  • ROE 1.77% +128.4%
  • ROIC -1.06% +86.2%
  • Debt/Equity 0.05 -20.1%
  • Interest Coverage -16.47 +89.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓FCF machine: 24.1% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

  • ✗Profits declining 23.2% over 5 years
  • ✗Thin 5Y average net margin of 0.1%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y2.16%
5Y1.75%
3Y-1.37%
TTM10.4%

Profit (Net Income) CAGR

10Y-13.23%
5Y-23.18%
3Y-8.22%
TTM836.22%

EPS CAGR

10Y-12.46%
5Y-21.51%
3Y-4.35%
TTM748.21%

ROCE

10Y Avg0.17%
5Y Avg-0.71%
3Y Avg-2.89%
Latest-0.9%

Peer Comparison

Network Security & Firewall
Select Columns
Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
Dividends
Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
RDWRRadware Ltd.1.07B24.641765.2%5.66%4.28%6.2%0.05
PANWPalo Alto Networks, Inc.130.85B187.73117.3314.87%11.69%12.89%2.65%0.04
FTNTFortinet, Inc.56.76B76.3233.7712.27%28.58%254.88%3.31%0.67
ATENA10 Networks, Inc.1.26B17.5826.243.97%17.78%24.52%6.2%0.05
CHKPCheck Point Software Technologies Ltd.20.24B188.5425.276.22%37.62%32.79%5.08%0.01
ALARAlarum Technologies Ltd.67.12M9.3611.0120.88%3.28%3.83%13.1%0.06
HUBCHUB Cyber Security Ltd.9.93M4.55-0.30-30.7%-176.14%
INTZIntrusion Inc.29.55M1.47-0.992.85%-112.36%-83.5%0.44

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+216.57M196.59M211.37M234.4M252.07M250.03M286.5M293.43M261.29M274.88M
Revenue Growth %-0.02%-0.09%0.08%0.11%0.08%-0.01%0.15%0.02%-0.11%0.05%
Cost of Goods Sold+38.2M35.7M39.62M41.67M45.17M45.08M52.45M53.88M51.71M53.25M
COGS % of Revenue0.18%0.18%0.19%0.18%0.18%0.18%0.18%0.18%0.2%0.19%
Gross Profit+178.37M160.89M171.75M192.73M206.9M204.94M234.05M239.54M209.58M221.63M
Gross Margin %0.82%0.82%0.81%0.82%0.82%0.82%0.82%0.82%0.8%0.81%
Gross Profit Growth %-0.02%-0.1%0.07%0.12%0.07%-0.01%0.14%0.02%-0.13%0.06%
Operating Expenses+160.37M173.64M178.42M185.21M189.98M198.78M215.82M242.88M241.26M225.51M
OpEx % of Revenue0.74%0.88%0.84%0.79%0.75%0.8%0.75%0.83%0.92%0.82%
Selling, General & Admin110.38M121.91M126.32M127.53M128.14M131.94M141.73M156.32M158.65M150.79M
SG&A % of Revenue0.51%0.62%0.6%0.54%0.51%0.53%0.49%0.53%0.61%0.55%
Research & Development49.99M51.73M59M57.67M61.84M66.84M74.1M86.56M82.62M74.72M
R&D % of Revenue0.23%0.26%0.28%0.25%0.25%0.27%0.26%0.3%0.32%0.27%
Other Operating Expenses00-6.9M0000000
Operating Income+18M-12.75M-6.67M7.52M16.92M6.17M18.23M-3.34M-31.68M-3.89M
Operating Margin %0.08%-0.06%-0.03%0.03%0.07%0.02%0.06%-0.01%-0.12%-0.01%
Operating Income Growth %-0.28%-1.71%0.48%2.13%1.25%-0.64%1.95%-1.18%-8.49%0.88%
EBITDA+27.4M-2.38M4.56M17.31M28.2M16.73M28.42M8.35M-19.44M7.95M
EBITDA Margin %0.13%-0.01%0.02%0.07%0.11%0.07%0.1%0.03%-0.07%0.03%
EBITDA Growth %-0.17%-1.09%2.92%2.79%0.63%-0.41%0.7%-0.71%-3.33%1.41%
D&A (Non-Cash Add-back)9.4M10.37M11.23M9.78M11.28M10.56M10.2M11.69M12.24M11.84M
EBIT18M-12.75M-6.67M7.52M16.92M6.17M18.23M-3.34M-31.68M-3.89M
Net Interest Income+4.58M4.64M5.45M7.47M10.53M9.43M5.79M6.68M13.97M17.79M
Interest Income4.73M4.76M5.54M7.58M10.65M9.62M5.99M6.89M14.16M18.02M
Interest Expense157K116K89K113K124K189K200K207K197K236K
Other Income/Expense5.87M5.74M4.83M7.27M8.79M7.8M4.41M8.05M13.93M16.55M
Pretax Income+23.87M-7.01M-1.84M14.8M25.71M13.96M22.63M4.71M-17.75M12.66M
Pretax Margin %0.11%-0.04%-0.01%0.06%0.1%0.06%0.08%0.02%-0.07%0.05%
Income Tax+5.3M1.65M5.65M3.06M3.14M4.33M14.82M4.88M3.84M6.63M
Effective Tax Rate %0.78%1.24%4.07%0.79%0.88%0.69%0.35%-0.04%1.22%0.48%
Net Income+18.57M-8.66M-7.49M11.73M22.57M9.64M7.81M-166K-21.59M6.04M
Net Margin %0.09%-0.04%-0.04%0.05%0.09%0.04%0.03%-0%-0.08%0.02%
Net Income Growth %-0.26%-1.47%0.13%2.57%0.92%-0.57%-0.19%-1.02%-129.06%1.28%
Net Income (Continuing)18.57M-8.66M-7.49M11.73M22.57M9.64M7.81M-166K-21.59M6.04M
Discontinued Operations0000000000
Minority Interest000000036.28M39.18M40.8M
EPS (Diluted)+0.40-0.20-0.170.250.470.200.16-0.00-0.500.14
EPS Growth %-0.25%-1.5%0.15%2.47%0.88%-0.57%-0.2%-1.02%-1.28%
EPS (Basic)0.40-0.20-0.170.250.480.210.17-0.00-0.500.14
Diluted Shares Outstanding46.74M43.87M43.48M47.69M48.52M47.74M47.5M44.94M42.87M43.36M
Basic Shares Outstanding45.9M43.3M43.48M46.94M46.82M46.46M45.92M44.94M42.87M41.98M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+178.44M266.77M248.13M358.63M222.53M347.98M320.2M335.87M375.93M320.88M
Cash & Short-Term Investments130.67M226.09M200.96M316.4M177.95M310.49M287.89M298.04M330.59M275.78M
Cash Only33.74M79.64M65.24M45.2M40.75M54.77M92.51M46.19M70.54M98.71M
Short-Term Investments96.92M146.45M135.72M271.2M137.2M255.72M195.38M251.86M260.05M177.07M
Accounts Receivable26.41M19.41M16.15M17.17M22.61M16.85M13.19M17.75M20.27M16.82M
Days Sales Outstanding44.5136.0327.8926.7332.7424.616.8122.0828.3122.34
Inventory16.32M17.11M18.77M18.4M13.94M13.94M11.58M11.43M15.54M14.03M
Days Inventory Outstanding155.96175172.95161.16112.63112.8280.5977.41109.7296.16
Other Current Assets5.04M4.16M12.25M6.67M8.03M6.71M7.54M8.65M9.53M14.24M
Total Non-Current Assets+252.86M163.07M220.95M173.68M373.12M275.46M314.66M309.17M195.99M297.8M
Property, Plant & Equipment26.2M26.35M23.64M23.68M41.12M50.8M45.07M44.15M39M34.09M
Fixed Asset Turnover8.26x7.46x8.94x9.90x6.13x4.92x6.36x6.65x6.70x8.06x
Goodwill30.07M30.07M32.17M32.17M41.14M41.14M41.14M68.01M68.01M68.01M
Intangible Assets3.52M2.4M10.41M9.47M14.48M12.59M10.73M19.69M15.72M11.75M
Long-Term Investments184.46M94.06M143.34M84.67M249.79M138.26M177.93M136.06M35.3M146.05M
Other Non-Current Assets5.89M7.59M8.13M20.72M24.29M30.22M37.33M41.27M37.97M37.91M
Total Assets+431.31M429.84M469.09M532.32M595.66M623.26M635.37M643.59M571.92M618.68M
Asset Turnover0.50x0.46x0.45x0.44x0.42x0.40x0.45x0.46x0.46x0.44x
Asset Growth %-0.03%-0%0.09%0.13%0.12%0.05%0.02%0.01%-0.11%0.08%
Total Current Liabilities+77.41M85.26M107.37M118.36M126M143.75M165.89M164.03M155.01M168.47M
Accounts Payable9.26M5.97M5.37M4.48M6.32M3.88M4.31M6.46M4.3M5.58M
Days Payables Outstanding88.4361.0649.4539.2651.0231.433043.7930.3438.25
Short-Term Debt0000000000
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities9.3M10.41M16.47M8.23M16.21M27.01M26.28M32.38M10.43M32.02M
Current Ratio2.31x3.13x2.31x3.03x1.77x2.42x1.93x2.05x2.43x1.90x
Quick Ratio2.09x2.93x2.14x2.87x1.66x2.32x1.86x1.98x2.32x1.82x
Cash Conversion Cycle112.04149.98151.39148.6394.35105.9867.455.71107.6980.25
Total Non-Current Liabilities+34.35M44.95M46.36M50M74.33M91.06M99.49M111.11M93.63M93.13M
Long-Term Debt0000000000
Capital Lease Obligations000013.91M24.85M22.36M19.46M16.02M13.52M
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities9.21M13.85M2.88M6.21M9.53M11.41M10.06M19.43M17.11M14.9M
Total Liabilities111.76M130.21M153.73M168.36M200.33M234.8M265.38M275.14M248.64M261.6M
Total Debt+000019.11M30.07M27.45M24.15M20.7M18.27M
Net Debt-33.74M-79.64M-65.24M-45.2M-21.64M-24.7M-65.06M-22.04M-49.83M-80.44M
Debt / Equity----0.05x0.08x0.07x0.07x0.06x0.05x
Debt / EBITDA----0.68x1.80x0.97x2.89x-2.30x
Net Debt / EBITDA-1.23x--14.30x-2.61x-0.77x-1.48x-2.29x-2.64x--10.12x
Interest Coverage114.64x-109.91x-74.96x66.58x136.43x32.63x91.13x-16.13x-160.81x-16.47x
Total Equity+319.54M299.63M315.36M363.96M395.33M388.46M369.99M368.44M323.27M357.07M
Equity Growth %-0.04%-0.06%0.05%0.15%0.09%-0.02%-0.05%-0%-0.12%0.1%
Book Value per Share6.846.837.257.638.158.147.798.207.548.23
Total Shareholders' Equity319.54M299.63M315.36M363.96M395.33M388.46M369.99M332.16M284.09M316.27M
Common Stock661K663K673K693K710K721K730K732K742K754K
Retained Earnings98.47M89.81M82.32M101.56M124.12M133.76M141.57M141.4M119.81M125.85M
Treasury Stock-94.05M-116.03M-116.44M-120.72M-145.23M-190.55M-243.02M-303.3M-365.75M-366.59M
Accumulated OCI1.68M-20K-443K-1.11M1.15M1.52M-455K-4.84M77K1.1M
Minority Interest000000036.28M39.18M40.8M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+39.14M38.61M31.46M49.25M52.85M61.81M71.77M32.15M-3.5M71.61M
Operating CF Margin %0.18%0.2%0.15%0.21%0.21%0.25%0.25%0.11%-0.01%0.26%
Operating CF Growth %-0.25%-0.01%-0.19%0.57%0.07%0.17%0.16%-0.55%-1.11%21.46%
Net Income18.57M-8.66M-7.49M11.73M22.57M9.64M7.81M-166K-21.59M6.04M
Depreciation & Amortization9.4M10.37M11.23M9.78M11.28M10.56M10.2M11.69M12.24M11.84M
Stock-Based Compensation9.33M11.52M13.03M12.5M13.06M16.55M17.57M27.35M34.02M26.03M
Deferred Taxes138K854K1.53M1.4M618K931K2.28M-1.99M-551K-1.08M
Other Non-Cash Items-2M1.18M226K-2.39M1.59M-1.85M2.42M1.78M-717K2.95M
Working Capital Changes3.7M23.35M12.94M16.23M3.73M25.99M31.49M-6.53M-26.91M25.84M
Change in Receivables-773K7M3.39M-1.17M-2.41M5.76M9.9M-4.56M-2.52M3.44M
Change in Inventory522K-792K-1.66M371K4.46M5K2.35M152K-4.12M1.51M
Change in Payables-562K-3.28M-734K-884K2.34M-1.7M-77K3.76M-2.17M1.28M
Cash from Investing+-6.85M28.36M-56.34M-85.5M-50.79M-14.37M7.85M-56.02M92.78M-39.52M
Capital Expenditures-13.87M-9.46M-7.22M-8.87M-8.15M-8.67M-5.6M-8.81M-5.43M-5.28M
CapEx % of Revenue0.06%0.05%0.03%0.04%0.03%0.03%0.02%0.03%0.02%0.02%
Acquisitions----------
Investments----------
Other Investing-33.82M31.3M-58.14M-70.96M-324.84M-23.99M49K35K66K81K
Cash from Financing+-43.52M-21.08M10.48M16.22M-6.51M-33.42M-41.88M-22.46M-64.93M-3.91M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing9.38M1.58M10.89M20.49M18M11.9M02.03M-1.69M-3.08M
Net Change in Cash----------
Free Cash Flow+25.26M29.16M24.25M40.38M44.7M53.14M66.17M23.33M-8.93M66.33M
FCF Margin %0.12%0.15%0.11%0.17%0.18%0.21%0.23%0.08%-0.03%0.24%
FCF Growth %-0.39%0.15%-0.17%0.67%0.11%0.19%0.25%-0.65%-1.38%8.43%
FCF per Share0.540.660.560.850.921.111.390.52-0.211.53
FCF Conversion (FCF/Net Income)2.11x-4.46x-4.20x4.20x2.34x6.41x9.19x-193.66x0.16x11.86x
Interest Paid0000000000
Taxes Paid1.85M1.73M14.35M6.42M3.3M1.31M2.75M18.07M4M921K

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)5.69%-2.8%-2.44%3.45%5.94%2.46%2.06%-0.04%-6.24%1.77%
Return on Invested Capital (ROIC)4.7%-3.78%-2.13%1.98%3.66%1.25%4.09%-0.77%-7.67%-1.06%
Gross Margin82.36%81.84%81.26%82.22%82.08%81.97%81.69%81.64%80.21%80.63%
Net Margin8.57%-4.4%-3.55%5.01%8.95%3.85%2.73%-0.06%-8.26%2.2%
Debt / Equity----0.05x0.08x0.07x0.07x0.06x0.05x
Interest Coverage114.64x-109.91x-74.96x66.58x136.43x32.63x91.13x-16.13x-160.81x-16.47x
FCF Conversion2.11x-4.46x-4.20x4.20x2.34x6.41x9.19x-193.66x0.16x11.86x
Revenue Growth-2.4%-9.23%7.52%10.9%7.54%-0.81%14.59%2.42%-10.95%5.2%

Revenue by Segment

201220132014201520162017202220232024
Products------172.16M145.54M155.44M
Products Growth--------15.46%6.80%
Services------121.27M115.75M119.44M
Services Growth--------4.55%3.19%

Revenue by Geography

201220132014201520162017202220232024
Europe Middle East Africa------104.22M96.49M94.08M
Europe Middle East Africa Growth--------7.42%-2.50%
The United States---69.13M67.95M78.46M94.01M72.96M83.43M
The United States Growth-----1.70%15.47%19.82%-22.39%14.34%
Asia Pacific---65.19M58.13M56.88M65.26M61.37M63.06M
Asia Pacific Growth-----10.84%-2.15%14.73%-5.96%2.76%
America - other---19.56M16.78M19.44M29.93M30.47M34.31M
America - other Growth-----14.21%15.83%54.00%1.80%12.60%
EMEA---62.69M53.72M56.59M---
EMEA Growth-----14.30%5.33%---
United States-54.91M75.88M------
United States Growth--38.18%------
Europe Middle East And Africa57.13M53.36M55.38M------
Europe Middle East And Africa Growth--6.61%3.78%------
Asia Pacific Other53.97M49.51M54.28M------
Asia Pacific Other Growth--8.26%9.62%------
China-16.91M18.75M------
China Growth--10.92%------
America Other16.56M18.3M17.61M------
America Other Growth-10.52%-3.81%------

Frequently Asked Questions

Valuation & Price

Radware Ltd. (RDWR) has a price-to-earnings (P/E) ratio of 176.0x. This suggests investors expect higher future growth.

Growth & Financials

Radware Ltd. (RDWR) reported $294.6M in revenue for fiscal year 2024. This represents a 76% increase from $167.0M in 2011.

Radware Ltd. (RDWR) grew revenue by 5.2% over the past year. This is steady growth.

Yes, Radware Ltd. (RDWR) is profitable, generating $16.7M in net income for fiscal year 2024 (2.2% net margin).

Dividend & Returns

Radware Ltd. (RDWR) has a return on equity (ROE) of 1.8%. This is below average, suggesting room for improvement.

Radware Ltd. (RDWR) generated $40.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

VCP Scanner

Find stocks. Verify deeply. Act with conviction.

Patterns find ideas. Fundamentals build conviction.

Data updated daily

Quick Links

  • Home
  • Screens
  • Valuation
  • Compare
  • Total Return
  • News
  • Insights
  • Methodology
  • How It Works
  • Profile

Popular Screens

  • VCP Hot
  • VCP Warm
  • Value Screens
  • Growth Screens
  • Momentum Screens
  • Technical Screens
  • Quality Screens

Community

  • Twitter
  • Get Early Access
© 2026 VCP Scanner. All rights reserved.
Made with ❤️ for investors
Not financial advice. Do your own research.