RDWR
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 160.93 | -33.36 | -5337.84 | 244.94 |
| Price to Sales | 3.44 | 2.74 | 3.03 | 6.67 |
| Book Value Per Common Share | 7.43 | 6.81 | 7.50 | 8.07 |
| Price to Book | 3.03 | 2.45 | 2.63 | 5.16 |
| Price to Operating Cash Flow | 13.21 | -204.41 | 27.61 | 26.64 |
| Price to Free Cash Flow | 14.26 | -80.08 | 38.04 | 28.90 |
| Enterprise Value to EBITDA | 1206100.68 | 1047568.19 | 672067.22 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 203.77 | 294.40 | 216.20 | 375.50 | 318.29 |
| Price to Sales | 15.07 | 16.95 | 12.80 | 13.03 | 13.45 |
| Book Value Per Common Share | 8.02 | 7.93 | 7.61 | 7.43 | 7.30 |
| Price to Book | 3.30 | 3.71 | 2.84 | 3.03 | 3.05 |
| Price to Operating Cash Flow | -271.97 | 86.82 | 41.10 | 74.65 | 63.55 |
| Price to Free Cash Flow | -187.34 | 106.32 | 43.24 | 81.39 | 70.31 |
| Enterprise Value to EBITDA | 1946133.15 | 2219473.65 | 1954787.98 | 2452620.70 | 3181286.54 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | 5.20 | -10.95 | 2.42 | |
| EBITDA YoY | -70.61 | |||
| Net Profit YoY |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | 30.00 | 0.00 | 66.67 | -14.29 | |
| Revenue YoY | 1.48 | 2.96 | -1.30 | 5.10 | |
| EBITDA YoY | 4.42 | 19.93 | 20.77 | 32.91 | |
| Net Profit YoY | 33.82 | -2.81 | 77.16 | -22.01 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 6.57 | 7.71 | 6.63 | 6.27 |
| Quick Ratio | 1.74 | 2.26 | 1.93 | 1.82 |
| Current Ratio | 1.90 | 2.43 | 2.04 | 1.93 |
| Debt to Equity | 0.73 | 0.77 | 0.75 | 0.72 |
| Long-Term Debt to Equity | 0.26 | 0.29 | 0.30 | 0.27 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 5.63 | 6.40 | 6.84 | 6.53 | 7.68 |
| Quick Ratio | 1.60 | 1.68 | 1.78 | 1.74 | 2.11 |
| Current Ratio | 1.68 | 1.75 | 1.85 | 1.90 | 2.19 |
| Debt to Equity | 0.70 | 0.73 | 0.76 | 0.73 | 0.75 |
| Long-Term Debt to Equity | 0.24 | 0.25 | 0.26 | 0.26 | 0.27 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 0.98 | -3.78 | -0.03 | 1.23 |
| ROE | 1.69 | -6.68 | -0.05 | 2.11 |
| Gross Margin | 80.63 | 80.21 | 81.64 | 81.69 |
| Operating Margin | -1.41 | -12.12 | -1.14 | 6.36 |
| EBITDA Margin | 2.89 | -7.44 | 2.85 | 9.92 |
| Net Profit Margin | 2.20 | -8.26 | -0.06 | 2.73 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 0.85 | 0.64 | 0.67 | 0.40 | 0.52 |
| ROE | 1.45 | 1.11 | 1.19 | 0.69 | 0.91 |
| Gross Margin | 80.66 | 80.71 | 80.59 | 80.84 | 80.73 |
| Operating Margin | 4.11 | 3.77 | 2.18 | 1.36 | -0.01 |
| EBITDA Margin | 7.85 | 7.63 | 6.55 | 5.35 | 4.23 |
| Net Profit Margin | 7.50 | 5.69 | 6.03 | 3.36 | 4.52 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | ||||
| Dividend Payout Ratio |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Dividend Yield | |||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 618,676.00 | 571,916.00 | 643,588.00 | 635,370.00 |
| Current Assets | 320,876.00 | 375,928.00 | 334,420.00 | 320,706.00 |
| Cash and Short-Term Investments | 275,781.00 | 330,588.00 | 298,044.00 | 287,889.00 |
| Cash and Cash Equivalents | 98,714.00 | 70,538.00 | 46,185.00 | 92,513.00 |
| Short-Term Investments | 177,067.00 | 260,050.00 | 251,859.00 | 195,376.00 |
| Net Receivables | 16,823.00 | 20,267.00 | 17,752.00 | 13,191.00 |
| Inventory | 14,030.00 | 15,544.00 | 11,428.00 | 11,580.00 |
| Other Current Assets | 14,242.00 | 9,529.00 | 7,196.00 | 8,046.00 |
| Non-Current Assets | 297,800.00 | 195,988.00 | 309,168.00 | 314,664.00 |
| Property, Plant, Equipment Net | 34,088.00 | 38,998.00 | 44,146.00 | 45,069.00 |
| Goodwill | 68,008.00 | 68,008.00 | 68,008.00 | 41,144.00 |
| Intangible Assets | 11,750.00 | 15,718.00 | 19,686.00 | 10,731.00 |
| Long-Term Investments | 146,048.00 | 35,297.00 | 136,059.00 | 177,932.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 37,906.00 | 37,967.00 | 41,269.00 | 39,788.00 |
| Liabilities | 261,601.00 | 248,642.00 | 275,145.00 | 265,377.00 |
| Current Liabilities | 168,470.00 | 155,015.00 | 164,035.00 | 165,887.00 |
| Payables and Expenses | 25,394.00 | 17,871.00 | 18,727.00 | 34,591.00 |
| Account Payables | 5,581.00 | 4,298.00 | 6,464.00 | 4,310.00 |
| Current Accrued Liabilities | 13,739.00 | 10,427.00 | 9,235.00 | 11,331.00 |
| Short-Term Debt | 4,750.00 | 4,684.00 | 4,685.00 | 5,090.00 |
| Other Current Liabilities | 138,326.00 | 132,460.00 | 140,623.00 | 126,206.00 |
| Non-Current Liabilities | 93,131.00 | 93,627.00 | 111,110.00 | 99,490.00 |
| Long-Term Debt | 13,519.00 | 16,020.00 | 19,461.00 | 22,360.00 |
| Other Non-Current Liabilities | 79,612.00 | 77,607.00 | 91,649.00 | 77,130.00 |
| Equity | 357,075.00 | 323,274.00 | 368,443.00 | 369,993.00 |
| Shareholders Equity | 316,273.00 | 284,091.00 | 332,159.00 | 369,993.00 |
| Capital Stock | 754.00 | 742.00 | 732.00 | 730.00 |
| Share Premium | 555,154.00 | 529,209.00 | 498,168.00 | 471,173.00 |
| Retained Earnings | 125,850.00 | 119,812.00 | 141,402.00 | 141,568.00 |
| Treasury Shares | 366,588.00 | 365,749.00 | 303,299.00 | 243,023.00 |
| Accumulated Other Comprehensive Income | 1,103.00 | 77.00 | -4,844.00 | -455.00 |
| Minority Interest | 40,802.00 | 39,183.00 | 36,284.00 | 0 |
| Debt | 18,269.00 | 20,704.00 | 24,146.00 | 27,450.00 |
| Common Shares Outstanding | 42,554.60 | 41,698.88 | 44,306.89 | 45,871.96 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 274,880.00 | 261,292.00 | 293,426.00 | 286,496.00 |
| Cost Of Revenue | 53,252.00 | 51,710.00 | 53,884.00 | 52,446.00 |
| Interest Income | 18,025.00 | 14,164.00 | 6,891.00 | 5,986.00 |
| Non-Interest Expense | 150,792.00 | 158,645.00 | 156,319.00 | 141,727.00 |
| Gross Profit | 221,628.00 | 209,582.00 | 239,542.00 | 234,050.00 |
| Operating Expenses | 225,515.00 | 241,262.00 | 242,881.00 | 215,825.00 |
| Selling, General and Administrative Expenses | 150,792.00 | 158,645.00 | 156,319.00 | 141,727.00 |
| Research and Development Expenses | 74,723.00 | 82,617.00 | 86,562.00 | 74,098.00 |
| Operating Income | -3,887.00 | -31,680.00 | -3,339.00 | 18,225.00 |
| EBT | 12,665.00 | -17,753.00 | 4,713.00 | 22,632.00 |
| Income Tax | 6,627.00 | 3,837.00 | 4,879.00 | 14,821.00 |
| Net Income Including Non-Controlling Interests | 6,038.00 | -21,590.00 | -166.00 | 7,811.00 |
| Net Income | 6,038.00 | -21,590.00 | -166.00 | 7,811.00 |
| EBIT | -3,887.00 | -31,680.00 | -3,339.00 | 18,225.00 |
| Deprecation and Amortization | 11,836.00 | 12,244.00 | 11,692.00 | 10,196.00 |
| EBITDA | 7,949.00 | -19,436.00 | 8,353.00 | 28,421.00 |
| EPS | 0.00 | -0.00 | -0.00 | 0.00 |
| Diluted EPS | 0.00 | -0.00 | -0.00 | 0.00 |
| Average Shares Outstanding Basic | 41,982.85 | 42,871.77 | 44,943.17 | 45,919.83 |
| Average Shares Outstanding Diluted | 43,362.91 | 42,871.77 | 44,943.17 | 47,503.09 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 71,609.00 | -3,500.00 | 32,148.00 | 71,774.00 |
| Operating Net Income | 6,038.00 | -21,590.00 | -166.00 | 7,811.00 |
| Deprecation and Amortization | 11,836.00 | 12,244.00 | 11,692.00 | 10,196.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 26,027.00 | 34,022.00 | 27,353.00 | 17,574.00 |
| Change in Working Capital | 24,759.00 | -26,908.00 | -6,528.00 | 31,487.00 |
| Other Operating Activities | 2,949.00 | -1,268.00 | -203.00 | 4,706.00 |
| Investing Cash Flow | -39,520.00 | 92,779.00 | -56,018.00 | 7,849.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -5,279.00 | -5,429.00 | -8,814.00 | -5,603.00 |
| Net Purchase/Sale of Investments Net | -29,322.00 | 98,142.00 | -17,239.00 | 13,403.00 |
| Net Purchase/Sale of Business | 0 | 0 | -30,000.00 | 0 |
| Other Investing Activities | -4,919.00 | 66.00 | 35.00 | 49.00 |
| Financing Cash Flow | -3,913.00 | -64,926.00 | -22,458.00 | -41,881.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | -839.00 | -63,234.00 | -24,492.00 | -52,471.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | -3,074.00 | -1,692.00 | 2,034.00 | 10,590.00 |
| Net Change in Cash | 28,176.00 | 24,353.00 | -46,328.00 | 37,742.00 |
| Cash at Beginning of Period | 70,538.00 | 46,185.00 | 92,513.00 | 54,771.00 |
| Cash at End of Period | 98,714.00 | 70,538.00 | 46,185.00 | 92,513.00 |
| Free Cash Flow | 66,330.00 | -8,929.00 | 23,334.00 | 66,171.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 661,499.00 | 658,540.00 | 645,694.00 | 618,676.00 | 608,177.00 |
| Current Assets | 299,140.00 | 323,415.00 | 339,892.00 | 320,876.00 | 365,620.00 |
| Cash and Short-Term Investments | 241,084.00 | 273,506.00 | 291,718.00 | 275,781.00 | 322,223.00 |
| Cash and Cash Equivalents | 87,281.00 | 103,842.00 | 114,239.00 | 98,714.00 | 115,416.00 |
| Short-Term Investments | 153,803.00 | 169,664.00 | 177,479.00 | 177,067.00 | 206,807.00 |
| Net Receivables | 44,730.00 | 36,597.00 | 34,663.00 | 16,823.00 | 29,854.00 |
| Inventory | 13,326.00 | 13,312.00 | 13,511.00 | 14,030.00 | 13,543.00 |
| Other Current Assets | 0.00 | 0.00 | 0.00 | 14,242.00 | 0.00 |
| Non-Current Assets | 362,359.00 | 335,125.00 | 305,802.00 | 297,800.00 | 242,557.00 |
| Property, Plant, Equipment Net | 32,158.00 | 32,254.00 | 32,144.00 | 34,088.00 | 34,932.00 |
| Goodwill | 68,008.00 | 68,008.00 | 68,008.00 | 68,008.00 | 68,008.00 |
| Intangible Assets | 8,774.00 | 9,766.00 | 10,758.00 | 11,750.00 | 12,742.00 |
| Long-Term Investments | 216,115.00 | 188,035.00 | 158,400.00 | 146,048.00 | 91,563.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 37,304.00 | 37,062.00 | 36,492.00 | 37,906.00 | 35,312.00 |
| Liabilities | 271,787.00 | 278,798.00 | 279,616.00 | 261,601.00 | 260,982.00 |
| Current Liabilities | 178,219.00 | 184,490.00 | 183,295.00 | 168,470.00 | 167,235.00 |
| Payables and Expenses | 65,535.00 | 59,788.00 | 59,324.00 | 25,394.00 | 52,978.00 |
| Account Payables | 5,629.00 | 4,096.00 | 3,646.00 | 5,581.00 | 6,551.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 13,739.00 | 0 |
| Short-Term Debt | 5,157.00 | 4,970.00 | 4,642.00 | 4,750.00 | 4,333.00 |
| Other Current Liabilities | 107,527.00 | 119,732.00 | 119,329.00 | 138,326.00 | 109,924.00 |
| Non-Current Liabilities | 93,568.00 | 94,308.00 | 96,321.00 | 93,131.00 | 93,747.00 |
| Long-Term Debt | 12,602.00 | 12,750.00 | 12,497.00 | 13,519.00 | 13,658.00 |
| Other Non-Current Liabilities | 80,966.00 | 81,558.00 | 83,824.00 | 79,612.00 | 80,089.00 |
| Equity | 389,712.00 | 379,742.00 | 366,078.00 | 357,075.00 | 347,195.00 |
| Shareholders Equity | 348,424.00 | 338,574.00 | 325,055.00 | 316,273.00 | 306,392.00 |
| Capital Stock | 759.00 | 758.00 | 756.00 | 754.00 | 749.00 |
| Share Premium | 571,603.00 | 566,286.00 | 560,833.00 | 555,154.00 | 548,240.00 |
| Retained Earnings | 140,066.00 | 134,416.00 | 130,194.00 | 125,850.00 | 123,398.00 |
| Treasury Shares | 366,588.00 | 366,588.00 | 366,588.00 | 366,588.00 | 366,588.00 |
| Accumulated Other Comprehensive Income | 2,584.00 | 3,702.00 | -140.00 | 1,103.00 | 593.00 |
| Minority Interest | 41,288.00 | 41,168.00 | 41,023.00 | 40,802.00 | 40,803.00 |
| Debt | 17,759.00 | 17,720.00 | 17,139.00 | 18,269.00 | 17,991.00 |
| Common Shares Outstanding | 43,434.36 | 42,686.53 | 42,686.53 | 42,554.60 | 41,994.92 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 75,311.00 | 74,215.00 | 72,079.00 | 73,031.00 | 69,488.00 |
| Cost Of Revenue | 14,562.00 | 14,316.00 | 13,990.00 | 13,992.00 | 13,392.00 |
| Interest Income | 4,800.00 | 3,662.00 | 4,875.00 | 0 | 0 |
| Non-Interest Expense | 37,956.00 | 37,723.00 | 37,744.00 | 39,576.00 | 37,448.00 |
| Gross Profit | 60,749.00 | 59,899.00 | 58,089.00 | 59,039.00 | 56,096.00 |
| Operating Expenses | 57,650.00 | 57,102.00 | 56,520.00 | 58,048.00 | 56,102.00 |
| Selling, General and Administrative Expenses | 37,956.00 | 37,723.00 | 37,744.00 | 39,576.00 | 37,448.00 |
| Research and Development Expenses | 19,694.00 | 19,379.00 | 18,776.00 | 18,472.00 | 18,654.00 |
| Operating Income | 3,099.00 | 2,797.00 | 1,569.00 | 991.00 | -6.00 |
| EBT | 7,899.00 | 6,459.00 | 6,444.00 | 4,561.00 | 4,951.00 |
| Income Tax | 2,249.00 | 2,237.00 | 2,100.00 | 2,109.00 | 1,807.00 |
| Net Income Including Non-Controlling Interests | 5,650.00 | 4,222.00 | 4,344.00 | 2,452.00 | 3,144.00 |
| Net Income | 5,650.00 | 4,222.00 | 4,344.00 | 2,452.00 | 3,144.00 |
| EBIT | 3,099.00 | 2,797.00 | 1,569.00 | 991.00 | -6.00 |
| Deprecation and Amortization | 2,813.00 | 2,865.00 | 3,152.00 | 2,918.00 | 2,947.00 |
| EBITDA | 5,912.00 | 5,662.00 | 4,721.00 | 3,909.00 | 2,941.00 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 42,833.46 | 42,734.03 | 42,663.79 | 42,238.47 | 41,956.00 |
| Average Shares Outstanding Diluted | 44,951.87 | 44,510.90 | 44,192.47 | 43,725.80 | 43,573.16 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | -4,174.00 | 14,492.00 | 22,442.00 | 12,749.00 | 14,708.00 |
| Operating Net Income | 5,650.00 | 4,222.00 | 4,344.00 | 2,452.00 | 3,144.00 |
| Deprecation and Amortization | 2,813.00 | 2,865.00 | 3,152.00 | 2,918.00 | 2,947.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 5,437.00 | 5,603.00 | 5,898.00 | 6,920.00 | 6,058.00 |
| Change in Working Capital | -18,224.00 | 1,895.00 | 10,999.00 | -2,717.00 | 2,793.00 |
| Other Operating Activities | 150.00 | -93.00 | -1,951.00 | 3,176.00 | -234.00 |
| Investing Cash Flow | -12,388.00 | -21,719.00 | -6,921.00 | -29,451.00 | 13,906.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -1,883.00 | -2,660.00 | -1,112.00 | -1,059.00 | -1,412.00 |
| Net Purchase/Sale of Investments Net | -10,493.00 | -19,040.00 | -5,918.00 | -23,433.00 | 15,272.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | -12.00 | -19.00 | 109.00 | -4,959.00 | 46.00 |
| Financing Cash Flow | 1.00 | -3,170.00 | 4.00 | 0 | 0 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 1.00 | -3,170.00 | 4.00 | 0 | 0 |
| Net Change in Cash | -16,561.00 | -10,397.00 | 15,525.00 | -16,702.00 | 28,614.00 |
| Cash at Beginning of Period | 103,842.00 | 114,239.00 | 98,714.00 | 115,416.00 | 86,802.00 |
| Cash at End of Period | 87,281.00 | 103,842.00 | 114,239.00 | 98,714.00 | 115,416.00 |
| Free Cash Flow | -6,057.00 | 11,832.00 | 21,330.00 | 11,690.00 | 13,296.00 |