Last 47 quarters of trend data · Technology · Software - Infrastructure
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Radware Ltd.'s quarterly P/E stands at 46.3x, down 53.9% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 36.5% YoY to 36.7x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 63.02 | 46.33 | 50.94 | 77.64 | 54.98 | 100.40 | 77.15 | 118.13 | — | — | — | — | — |
| — | -53.9% | -34.0% | -34.3% | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 4.05 | 3.39 | 3.95 | 4.41 | 3.31 | 3.37 | 3.49 | 2.92 | 3.00 | 2.68 | 2.90 | 3.21 | 3.44 |
| — | +0.4% | +13.2% | +50.9% | +10.4% | +25.8% | +20.4% | -8.8% | -12.6% | -9.8% | -15.8% | -3.0% | -32.8% | |
| P/B Ratio | 3.24 | 2.78 | 3.06 | 3.45 | 2.61 | 2.76 | 2.80 | 2.34 | 2.37 | 2.16 | 2.20 | 2.44 | 2.62 |
| — | +0.9% | +9.3% | +47.8% | +10.0% | +27.9% | +27.1% | -4.4% | -9.5% | -9.7% | -15.4% | -7.6% | -38.6% | |
| P/FCF | 29.45 | 18.81 | — | 27.32 | 11.20 | 21.07 | 18.25 | 8.95 | 10.10 | 101.53 | — | 64.32 | — |
| — | -10.7% | — | +205.4% | +10.9% | -79.2% | — | -86.1% | — | +259.4% | — | +656.1% | — | |
| EV / EBITDA | 49.18 | 36.75 | 47.16 | 54.06 | 45.45 | 57.86 | 74.24 | 98.77 | — | — | — | — | — |
| — | -36.5% | -36.5% | -45.3% | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | 99.54 | 63.35 | 35.89 | 109.43 | 136.77 | 228.23 | — | — | — | — | — | — | — |
| — | -72.2% | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Radware Ltd.'s operating margin was 4.9% in Q4 2025, up 0.7 pp QoQ and up 3.6 pp YoY. This marks the 10th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 3.8% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 80.7% | 80.7% | 80.7% | 80.7% | 80.6% | 80.8% | 80.7% | 80.6% | 80.3% | 80.3% | 79.2% | 80.6% | 80.7% |
| — | -0.1% | -0.1% | +0.1% | +0.3% | +0.7% | +2.0% | +0.0% | -0.5% | -1.1% | -2.7% | -1.1% | -2.1% | |
| Operating Margin | 3.8% | 4.9% | 4.2% | 3.8% | 2.2% | 1.4% | -0.0% | -1.8% | -5.6% | -11.4% | -16.5% | -13.0% | -8.1% |
| — | +262.1% | +49476.7% | +309.7% | +138.7% | +111.9% | +99.9% | +86.1% | +30.4% | -65.1% | -243.8% | -717.5% | -266.1% | |
| Net Margin | 6.7% | 7.5% | 7.5% | 5.7% | 6.0% | 3.4% | 4.5% | 2.5% | -1.9% | -9.0% | -11.1% | -8.9% | -4.5% |
| — | +124.2% | +65.8% | +130.0% | +421.0% | +137.3% | +140.7% | +127.9% | +57.9% | -61.6% | -164.6% | -311.0% | -187.2% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.4% | 1.5% | 1.5% | 1.1% | 1.2% | 0.7% | 0.9% | 0.5% | -0.4% | -1.8% | -2.0% | -1.6% | -0.8% |
| — | +122.3% | +59.8% | +126.7% | +420.8% | +138.6% | +144.9% | +130.4% | +55.6% | -62.4% | -158.7% | -290.0% | -180.9% | |
| ROA | 3.1% | 0.9% | 0.9% | 0.6% | 0.7% | 0.4% | 0.5% | 0.3% | -0.2% | -1.0% | -1.2% | -0.9% | -0.5% |
| — | +126.8% | +64.7% | +131.2% | +425.9% | +139.2% | +145.0% | +130.0% | +56.4% | -59.1% | -152.4% | -288.3% | -180.3% | |
| ROIC | 3.0% | 0.9% | 0.8% | 0.7% | 0.4% | 0.3% | -0.0% | -0.3% | -1.0% | -1.9% | -2.4% | -1.9% | -1.2% |
| — | +229.6% | +45147.1% | +323.3% | +143.0% | +114.9% | +99.9% | +82.5% | +17.4% | -73.6% | -233.5% | -645.7% | -241.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Radware Ltd.'s Debt/EBITDA ratio is 2.5x, down from 5.1x last quarter — at a moderate level that warrants monitoring. The current ratio has weakened 14.2% YoY to 1.63x, tightening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.04 | 0.08 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 |
| — | -14.8% | +50.3% | -14.8% | -22.2% | -20.1% | -17.4% | -13.7% | -6.0% | -2.3% | -5.4% | -1.7% | -12.8% | |
| Debt / EBITDA | 0.74 | 2.50 | 5.05 | 3.13 | 3.63 | 4.67 | 6.12 | 10.14 | — | — | — | — | — |
| — | -46.4% | -17.4% | -69.1% | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.63 | 1.63 | 1.68 | 1.75 | 1.85 | 1.90 | 2.19 | 2.57 | 2.64 | 2.43 | 2.39 | 2.38 | 2.24 |
| — | -14.2% | -23.2% | -31.9% | -29.6% | -21.5% | -8.5% | +8.1% | +17.5% | +18.4% | +24.5% | +21.7% | +30.7% | |
| Quick Ratio | 1.57 | 1.57 | 1.60 | 1.68 | 1.78 | 1.82 | 2.11 | 2.49 | 2.54 | 2.32 | 2.30 | 2.31 | 2.17 |
| — | -14.0% | -23.8% | -32.5% | -29.9% | -21.7% | -8.6% | +8.1% | +16.9% | +17.5% | +24.5% | +22.2% | +32.4% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | -37.58 | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Radware Ltd.'s current P/E is 63.0x. The average P/E over the last 4 quarters is 57.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Radware Ltd.'s current operating margin is 3.8%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Radware Ltd.'s business trajectory between earnings reports.