Radware (RDWR) FCF Margin (2014 - 2026)
Radware's (RDWR) quarterly FCF Margin came in at 16.0% in Q2 2026, down 715.0% year-over-year from 2.6% in Q2 2025, and down 37.08% quarter-over-quarter from 25.43% in Q1 2026.
Analysis
Radware (RDWR) FCF Margin (2014 - 2026) Analysis & Trends
Radware (RDWR) has reported FCF Margin for 13 consecutive years, with 16.0% the latest figure, recorded in Q2 2026.
- On a quarterly basis, FCF Margin fell 715.0% year-over-year to 16.0% in Q2 2026; TTM through Jun 2026 was 16.17%, a 830.0% decrease from a year earlier, with the FY2025 full-year figure at 19.42%, down 855.0% from the prior year.
- FCF Margin was 16.0% for Q2 2026 at Radware, down from 25.43% in the prior quarter.
- Over five years, FCF Margin peaked at 45.07% in Q2 2022 and troughed at 14.04% in Q3 2023.
- A 5-year average of 16.08% and a median of 17.45% in 2024 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin tumbled 3746 bps in 2022 and surged 3724 bps in 2024, its largest moves.
- Over 5 years, FCF Margin stood at 15.29% in 2022, then plunged by 64 bps to 5.52% in 2023, then jumped by 243 bps to 18.91% in 2024, then jumped by 33 bps to 25.19% in 2025, then plunged by 36 bps to 16.0% in 2026.
- The last three FCF Margin figures came in at 16.0% (Q2 2026), 25.43% (Q1 2026), and 25.19% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 269.46 Bn | 266.34 Bn | 2.03 Bn | 26.25% |
| 2 | CrowdStrike Holdings | 213.75 Bn | 208.74 Bn | 1.10 Bn | 27.59% |
| 3 | Fortinet | 115.33 Bn | 111.27 Bn | 1.64 Bn | 47.15% |
| 4 | Axon Enterprise | 40.70 Bn | 40.03 Bn | 546.45 Mn | -0.11% |
| 5 | Zscaler | 25.94 Bn | 22.46 Bn | - | - |
| 6 | F5 | 22.10 Bn | 20.50 Bn | 711.51 Mn | 32.44% |
| 7 | Rubrik | 18.86 Bn | 17.11 Bn | 335.12 Mn | 16.68% |
| 8 | Gen Digital | 17.83 Bn | 17.27 Bn | 1.03 Bn | 32.19% |
| 9 | Check Point Software Technologies | 14.27 Bn | 11.99 Bn | 574.10 Mn | 26.23% |
| 10 | Radware | 1.20 Bn | 1.09 Bn | 66.46 Mn | 16.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.00% |
| Mar 31, 2026 | 25.43% |
| Dec 31, 2025 | 25.19% |
| Sep 30, 2025 | -3.04% |
| Jun 30, 2025 | 23.14% |
| Mar 31, 2025 | 32.70% |
| Dec 31, 2024 | 18.91% |
| Sep 30, 2024 | 23.20% |
| Jun 30, 2024 | 35.77% |
| Mar 31, 2024 | 35.18% |
| Dec 31, 2023 | 5.52% |
| Sep 30, 2023 | -14.04% |
| Jun 30, 2023 | 9.85% |
| Mar 31, 2023 | 0.77% |
| Dec 31, 2022 | 15.29% |
| Sep 30, 2022 | 5.76% |
| Jun 30, 2022 | 45.07% |
| Mar 31, 2022 | -11.24% |
| Dec 31, 2021 | 39.91% |
| Sep 30, 2021 | 26.34% |