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Side-by-side financial comparison of RADWARE LTD (RDWR) and RCI HOSPITALITY HOLDINGS, INC. (RICK). Click either name above to swap in a different company.

RADWARE LTD is the larger business by last-quarter revenue ($75.3M vs $70.9M, roughly 1.1× RCI HOSPITALITY HOLDINGS, INC.). RADWARE LTD runs the higher net margin — 7.5% vs -7.8%, a 15.3% gap on every dollar of revenue. Over the past eight quarters, RADWARE LTD's revenue compounded faster (7.1% CAGR vs -2.0%).

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.

RCI Hospitality Holdings, Inc., through its subsidiaries, operates strip clubs, nightclubs, sports bars/restaurants, and a media and convention company that serves the adult club industry. RCI went public with an IPO in 1995 is listed on The NASDAQ Global Market under the symbol RICK.

RDWR vs RICK — Head-to-Head

Bigger by revenue
RDWR
RDWR
1.1× larger
RDWR
$75.3M
$70.9M
RICK
Higher net margin
RDWR
RDWR
15.3% more per $
RDWR
7.5%
-7.8%
RICK
Faster 2-yr revenue CAGR
RDWR
RDWR
Annualised
RDWR
7.1%
-2.0%
RICK

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
RDWR
RDWR
RICK
RICK
Revenue
$75.3M
$70.9M
Net Profit
$5.7M
$-5.5M
Gross Margin
80.7%
Operating Margin
4.1%
-0.7%
Net Margin
7.5%
-7.8%
Revenue YoY
-3.1%
Net Profit YoY
-2354.9%
EPS (diluted)
$-0.60

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
RDWR
RDWR
RICK
RICK
Q3 25
$75.3M
$70.9M
Q2 25
$74.2M
$71.1M
Q1 25
$72.1M
$65.9M
Q4 24
$71.5M
Q3 24
$69.5M
$73.2M
Q2 24
$67.3M
$76.2M
Q1 24
$65.1M
$72.3M
Q4 23
$73.9M
Net Profit
RDWR
RDWR
RICK
RICK
Q3 25
$5.7M
$-5.5M
Q2 25
$4.2M
$4.1M
Q1 25
$4.3M
$3.2M
Q4 24
$9.0M
Q3 24
$3.1M
$244.0K
Q2 24
$1.7M
$-5.2M
Q1 24
$-1.2M
$774.0K
Q4 23
$7.2M
Gross Margin
RDWR
RDWR
RICK
RICK
Q3 25
80.7%
Q2 25
80.7%
Q1 25
80.6%
Q4 24
Q3 24
80.7%
Q2 24
80.6%
Q1 24
80.3%
Q4 23
Operating Margin
RDWR
RDWR
RICK
RICK
Q3 25
4.1%
-0.7%
Q2 25
3.8%
12.2%
Q1 25
2.2%
12.4%
Q4 24
19.5%
Q3 24
-0.0%
4.8%
Q2 24
-1.8%
-3.3%
Q1 24
-5.6%
6.4%
Q4 23
17.8%
Net Margin
RDWR
RDWR
RICK
RICK
Q3 25
7.5%
-7.8%
Q2 25
5.7%
5.7%
Q1 25
6.0%
4.9%
Q4 24
12.6%
Q3 24
4.5%
0.3%
Q2 24
2.5%
-6.9%
Q1 24
-1.9%
1.1%
Q4 23
9.8%
EPS (diluted)
RDWR
RDWR
RICK
RICK
Q3 25
$-0.60
Q2 25
$0.46
Q1 25
$0.36
Q4 24
$1.01
Q3 24
$0.04
Q2 24
$-0.56
Q1 24
$0.08
Q4 23
$0.77

Balance Sheet & Financial Strength

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

Metric
RDWR
RDWR
RICK
RICK
Cash + ST InvestmentsLiquidity on hand
$98.7M
$33.7M
Total DebtLower is stronger
$238.2M
Stockholders' EquityBook value
$357.1M
$261.1M
Total Assets
$618.7M
$596.9M
Debt / EquityLower = less leverage
0.91×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RDWR
RDWR
RICK
RICK
Q3 25
$98.7M
$33.7M
Q2 25
$98.7M
$29.3M
Q1 25
$98.7M
$32.7M
Q4 24
$34.7M
Q3 24
$70.5M
$32.4M
Q2 24
$70.5M
$34.9M
Q1 24
$70.5M
$20.0M
Q4 23
$21.2M
Total Debt
RDWR
RDWR
RICK
RICK
Q3 25
$238.2M
Q2 25
$243.8M
Q1 25
$244.1M
Q4 24
Q3 24
$241.1M
Q2 24
Q1 24
Q4 23
Stockholders' Equity
RDWR
RDWR
RICK
RICK
Q3 25
$357.1M
$261.1M
Q2 25
$357.1M
$269.5M
Q1 25
$357.1M
$268.8M
Q4 24
$269.0M
Q3 24
$323.3M
$263.4M
Q2 24
$323.3M
$271.2M
Q1 24
$323.3M
$285.8M
Q4 23
$286.6M
Total Assets
RDWR
RDWR
RICK
RICK
Q3 25
$618.7M
$596.9M
Q2 25
$618.7M
$597.4M
Q1 25
$618.7M
$589.8M
Q4 24
$586.2M
Q3 24
$571.9M
$584.4M
Q2 24
$571.9M
$601.0M
Q1 24
$571.9M
$609.9M
Q4 23
$619.2M
Debt / Equity
RDWR
RDWR
RICK
RICK
Q3 25
0.91×
Q2 25
0.90×
Q1 25
0.91×
Q4 24
Q3 24
0.92×
Q2 24
Q1 24
Q4 23

Cash Flow & Capital Efficiency

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

Metric
RDWR
RDWR
RICK
RICK
Operating Cash FlowLast quarter
$13.7M
Free Cash FlowOCF − Capex
$11.5M
FCF MarginFCF / Revenue
16.2%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$34.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RDWR
RDWR
RICK
RICK
Q3 25
$13.7M
Q2 25
$14.5M
$13.8M
Q1 25
$22.4M
$8.5M
Q4 24
$13.3M
Q3 24
$15.7M
Q2 24
$23.0M
$15.8M
Q1 24
$10.8M
Q4 23
$13.6M
Free Cash Flow
RDWR
RDWR
RICK
RICK
Q3 25
$11.5M
Q2 25
$11.8M
$10.1M
Q1 25
$21.3M
$5.7M
Q4 24
$7.6M
Q3 24
$10.3M
Q2 24
$22.0M
$9.3M
Q1 24
$3.2M
Q4 23
$8.5M
FCF Margin
RDWR
RDWR
RICK
RICK
Q3 25
16.2%
Q2 25
15.9%
14.2%
Q1 25
29.6%
8.6%
Q4 24
10.6%
Q3 24
14.0%
Q2 24
32.7%
12.3%
Q1 24
4.4%
Q4 23
11.5%
Capex Intensity
RDWR
RDWR
RICK
RICK
Q3 25
3.2%
Q2 25
3.6%
5.2%
Q1 25
1.5%
4.3%
Q4 24
8.0%
Q3 24
7.3%
Q2 24
1.5%
8.4%
Q1 24
10.6%
Q4 23
6.9%
Cash Conversion
RDWR
RDWR
RICK
RICK
Q3 25
Q2 25
3.43×
3.40×
Q1 25
5.17×
2.65×
Q4 24
1.48×
Q3 24
64.14×
Q2 24
13.84×
Q1 24
14.00×
Q4 23
1.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RDWR
RDWR

Segment breakdown not available.

RICK
RICK

Transferred At Point In Time$60.8M86%
Food And Merchandise$10.4M15%

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