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Side-by-side financial comparison of Cheer Holding, Inc. (CHR) and RADWARE LTD (RDWR). Click either name above to swap in a different company.

RADWARE LTD is the larger business by last-quarter revenue ($75.3M vs $71.0M, roughly 1.1× Cheer Holding, Inc.). Cheer Holding, Inc. runs the higher net margin — 10.9% vs 7.5%, a 3.4% gap on every dollar of revenue.

Cheer Holding, Inc. is a diversified holding company primarily operating in the Chinese market, with core business segments covering early childhood education services, mobile lifestyle platforms, digital content offerings, and integrated consumer solutions for households and enterprise partners across multiple demand scenarios.

Radware Ltd. is an American provider of cybersecurity and application delivery products for physical, cloud and software-defined data centers. Radware's corporate headquarters are located in Mahwah, New Jersey. The company also has offices in Europe, Africa and Asia Pacific regions. The company's global headquarters is in Israel. Radware is a member of the Rad Group of companies and its shares are traded on NASDAQ.

CHR vs RDWR — Head-to-Head

Bigger by revenue
RDWR
RDWR
1.1× larger
RDWR
$75.3M
$71.0M
CHR
Higher net margin
CHR
CHR
3.4% more per $
CHR
10.9%
7.5%
RDWR

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
CHR
CHR
RDWR
RDWR
Revenue
$71.0M
$75.3M
Net Profit
$7.8M
$5.7M
Gross Margin
70.7%
80.7%
Operating Margin
11.7%
4.1%
Net Margin
10.9%
7.5%
Revenue YoY
-0.1%
Net Profit YoY
-37.5%
EPS (diluted)
$0.67

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CHR
CHR
RDWR
RDWR
Q3 25
$75.3M
Q2 25
$71.0M
$74.2M
Q1 25
$72.1M
Q3 24
$69.5M
Q2 24
$71.1M
$67.3M
Q1 24
$65.1M
Q3 23
$61.6M
Q2 23
$65.6M
Net Profit
CHR
CHR
RDWR
RDWR
Q3 25
$5.7M
Q2 25
$7.8M
$4.2M
Q1 25
$4.3M
Q3 24
$3.1M
Q2 24
$12.4M
$1.7M
Q1 24
$-1.2M
Q3 23
$-6.9M
Q2 23
$-5.8M
Gross Margin
CHR
CHR
RDWR
RDWR
Q3 25
80.7%
Q2 25
70.7%
80.7%
Q1 25
80.6%
Q3 24
80.7%
Q2 24
73.4%
80.6%
Q1 24
80.3%
Q3 23
79.2%
Q2 23
80.6%
Operating Margin
CHR
CHR
RDWR
RDWR
Q3 25
4.1%
Q2 25
11.7%
3.8%
Q1 25
2.2%
Q3 24
-0.0%
Q2 24
16.4%
-1.8%
Q1 24
-5.6%
Q3 23
-16.5%
Q2 23
-13.0%
Net Margin
CHR
CHR
RDWR
RDWR
Q3 25
7.5%
Q2 25
10.9%
5.7%
Q1 25
6.0%
Q3 24
4.5%
Q2 24
17.5%
2.5%
Q1 24
-1.9%
Q3 23
-11.1%
Q2 23
-8.9%
EPS (diluted)
CHR
CHR
RDWR
RDWR
Q3 25
Q2 25
$0.67
Q1 25
Q3 24
Q2 24
$1.23
Q1 24
Q3 23
Q2 23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CHR
CHR
RDWR
RDWR
Cash + ST InvestmentsLiquidity on hand
$98.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$322.1M
$357.1M
Total Assets
$362.7M
$618.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHR
CHR
RDWR
RDWR
Q3 25
$98.7M
Q2 25
$98.7M
Q1 25
$98.7M
Q3 24
$70.5M
Q2 24
$186.1M
$70.5M
Q1 24
$70.5M
Q3 23
$46.2M
Q2 23
$46.2M
Stockholders' Equity
CHR
CHR
RDWR
RDWR
Q3 25
$357.1M
Q2 25
$322.1M
$357.1M
Q1 25
$357.1M
Q3 24
$323.3M
Q2 24
$286.1M
$323.3M
Q1 24
$323.3M
Q3 23
$368.4M
Q2 23
$368.4M
Total Assets
CHR
CHR
RDWR
RDWR
Q3 25
$618.7M
Q2 25
$362.7M
$618.7M
Q1 25
$618.7M
Q3 24
$571.9M
Q2 24
$333.2M
$571.9M
Q1 24
$571.9M
Q3 23
$643.6M
Q2 23
$643.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CHR
CHR
RDWR
RDWR
Operating Cash FlowLast quarter
$3.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.51×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHR
CHR
RDWR
RDWR
Q3 25
Q2 25
$3.9M
$14.5M
Q1 25
$22.4M
Q3 24
Q2 24
$-6.7M
$23.0M
Q1 24
Q3 23
Q2 23
$4.9M
Free Cash Flow
CHR
CHR
RDWR
RDWR
Q3 25
Q2 25
$11.8M
Q1 25
$21.3M
Q3 24
Q2 24
$22.0M
Q1 24
Q3 23
Q2 23
$3.3M
FCF Margin
CHR
CHR
RDWR
RDWR
Q3 25
Q2 25
15.9%
Q1 25
29.6%
Q3 24
Q2 24
32.7%
Q1 24
Q3 23
Q2 23
5.0%
Capex Intensity
CHR
CHR
RDWR
RDWR
Q3 25
Q2 25
3.6%
Q1 25
1.5%
Q3 24
Q2 24
1.5%
Q1 24
Q3 23
Q2 23
2.4%
Cash Conversion
CHR
CHR
RDWR
RDWR
Q3 25
Q2 25
0.51×
3.43×
Q1 25
5.17×
Q3 24
Q2 24
-0.54×
13.84×
Q1 24
Q3 23
Q2 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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