Radware (RDWR) FCF Margin (2014 - 2026)
Radware's FCF Margin came in at 16.00% for the quarter ended Jun 30, 2026, down 7.15 percentage points from 23.14% a year earlier and down 9.43 percentage points from the prior quarter.
Radware (RDWR) FCF Margin (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Radware reported FCF Margin of 16.17%, down 8.30 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 19.42%, down 8.55 percentage points from the prior year.
- FCF Margin carries a five-year change of -9.59 percentage points (years ended Dec 2020 to Dec 2025).
- Going back by year, FCF Margin was 27.97% in the year ended Dec 31, 2024 (+27.23 pp), 0.74% in the year ended Dec 31, 2023 (-13.22 pp), 13.96% in the year ended Dec 31, 2022 (-13.05 pp) and 27.01% in the year ended Dec 31, 2021 (-2.00 pp).
- The five-year range for quarterly FCF Margin is -14.04% (the quarter ended Sep 30, 2023) to 45.07% (the quarter ended Jun 30, 2022).
- Year-over-year, FCF Margin increased in three of the last eight quarters, with an average year-over-year change of +0.14 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in the quarter ended Sep 30, 2024 (a gain of 37.24 percentage points), and the weakest in the quarter ended Mar 31, 2022 (a drop of 37.46 percentage points).
- Business Quant data shows RDWR's FCF Margin at 25.43% (quarter ended Mar 31, 2026), 25.19% (quarter ended Dec 31, 2025) and -3.04% (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 36.77% |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 27.59% |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 47.15% |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 5.42% |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 27.28% |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | -0.11% |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 28.94% |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 47.16% |
| 10 | Radware | 1.27 Bn | 843.46 Mn | 66.46 Mn | 16.00% |
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% |
Radware FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=RDWR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "RDWR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=RDWR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();