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Radware Valuation Multiples

Discover revenue and EBITDA valuation multiples for Radware and similar public comparables like Feitian Technologies, DBAPPSecurity, CANCOM, Tinexta and more.

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Radware Overview

About Radware

Radware Ltd provides cyber security and application delivery solutions. The company provides solutions for cloud, on-premises, and software-defined data centers (SDDC). The solutions of the company secure the digital experience by providing infrastructure, application, and network protection and availability services to enterprises globally. The business segments of the company are Radware’s Core Business and The Hawks’ Business. The company derives maximum revenue from Radware’s Core Business. It generates the majority of its revenue from the United States.

Founded

1996

HQ

United States

Employees

449

Financials (LTM)

Revenue: $307M
EBITDA: $47M

EV

$785M

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Radware Financials

Radware reported last 12-month revenue of $307M and EBITDA of $47M.

In the same LTM period, Radware generated $253M in gross profit, $47M in EBITDA, and $51M in net income.

Revenue (LTM)

Radware P&L

In the most recent fiscal year, Radware reported revenue of $275M and EBITDA of $8M.

Radware expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Radware forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$307MXXX$275MXXXXXXXXX
Gross Profit$253MXXX$222MXXXXXXXXX
Gross Margin82%XXX81%XXXXXXXXX
EBITDA$47MXXX$8MXXXXXXXXX
EBITDA Margin15%XXX3%XXXXXXXXX
EBIT Margin13%XXX(1%)XXXXXXXXX
Net Profit$51MXXX$6MXXXXXXXXX
Net Margin17%XXX2%XXXXXXXXX

Financial data powered by Morningstar, Inc.

Radware Stock Performance

Radware has current market cap of $1B, and enterprise value of $785M.

Market Cap Evolution

Radware's stock price is $23.60.

See Radware trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$785M$1B0.0%XXXXXXXXX$0.14

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Radware Valuation Multiples

Radware trades at 2.6x EV/Revenue multiple, and 16.6x EV/EBITDA.

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EV / Revenue (LTM)

Radware Financial Valuation Multiples

As of March 17, 2026, Radware has market cap of $1B and EV of $785M.

Equity research analysts estimate Radware's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Radware has a P/E ratio of 20.0x.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$1BXXX$1BXXXXXXXXX
EV (current)$785MXXX$785MXXXXXXXXX
EV/Revenue2.6xXXX2.9xXXXXXXXXX
EV/EBITDA16.6xXXX98.7xXXXXXXXXX
EV/EBIT19.9xXXX(201.9x)XXXXXXXXX
EV/Gross Profit3.1xXXX3.5xXXXXXXXXX
P/E20.0xXXX169.8xXXXXXXXXX
EV/FCF18.7xXXX11.8xXXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Radware Valuation Multiples

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Radware Margins & Growth Rates

Radware's revenue in the last 12 month grew by 8%.

Radware's revenue per employee in the last FY averaged $0.7M.

Radware's rule of 40 is 24% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Radware's rule of X is 36% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Radware Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth8%XXX10%XXXXXXXXX
EBITDA Margin15%XXX3%XXXXXXXXX
EBITDA Growth—XXX496%XXXXXXXXX
Rule of 40—XXX24%XXXXXXXXX
Bessemer Rule of X—XXX36%XXXXXXXXX
Revenue per Employee—XXX$0.7MXXXXXXXXX
S&M Expenses to Revenue38%XXX45%XXXXXXXXX
G&A Expenses to Revenue6%XXX10%XXXXXXXXX
R&D Expenses to Revenue25%XXX27%XXXXXXXXX
Opex to Revenue—XXX82%XXXXXXXXX

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Radware Public Comps

See public comps and valuation multiples for other Cybersecurity comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
Feitian TechnologiesXXXXXXXXXXXXXXXXXX
DBAPPSecurityXXXXXXXXXXXXXXXXXX
CANCOMXXXXXXXXXXXXXXXXXX
TinextaXXXXXXXXXXXXXXXXXX
Asiainfo SecurityXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

Radware M&A Activity

Radware acquired XXX companies to date.

Last acquisition by Radware was on XXXXXXXX, XXXXX. Radware acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Acquisitions by Radware

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Radware Investment Activity

Radware invested in XXX companies to date.

Radware made its latest investment on XXXXXXXX, XXXXX. Radware invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Investments by Radware

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About Radware

When was Radware founded?Radware was founded in 1996.
Where is Radware headquartered?Radware is headquartered in United States.
How many employees does Radware have?As of today, Radware has over 449 employees.
Who is the CEO of Radware?Radware's CEO is Roy Zisapel.
Is Radware publicly listed?Yes, Radware is a public company listed on Nasdaq.
What is the stock symbol of Radware?Radware trades under RDWR ticker.
When did Radware go public?Radware went public in 1999.
Who are competitors of Radware?Radware main competitors are Feitian Technologies, DBAPPSecurity, CANCOM, Tinexta.
What is the current market cap of Radware?Radware's current market cap is $1B.
What is the current revenue of Radware?Radware's last 12 months revenue is $307M.
What is the current revenue growth of Radware?Radware revenue growth (NTM/LTM) is 8%.
What is the current EV/Revenue multiple of Radware?Current revenue multiple of Radware is 2.6x.
Is Radware profitable?Yes, Radware is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Radware?Radware's last 12 months EBITDA is $47M.
What is Radware's EBITDA margin?Radware's last 12 months EBITDA margin is 15%.
What is the current EV/EBITDA multiple of Radware?Current EBITDA multiple of Radware is 16.6x.
What is the current FCF of Radware?Radware's last 12 months FCF is $42M.
What is Radware's FCF margin?Radware's last 12 months FCF margin is 14%.
What is the current EV/FCF multiple of Radware?Current FCF multiple of Radware is 18.7x.

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