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Side-by-side financial comparison of RADWARE LTD (RDWR) and Strawberry Fields REIT, Inc. (STRW). Click either name above to swap in a different company.

RADWARE LTD is the larger business by last-quarter revenue ($75.3M vs $40.1M, roughly 1.9× Strawberry Fields REIT, Inc.). RADWARE LTD runs the higher net margin — 7.5% vs 5.0%, a 2.5% gap on every dollar of revenue. Over the past eight quarters, Strawberry Fields REIT, Inc.'s revenue compounded faster (20.0% CAGR vs 7.1%).

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.

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

RDWR vs STRW — Head-to-Head

Bigger by revenue
RDWR
RDWR
1.9× larger
RDWR
$75.3M
$40.1M
STRW
Higher net margin
RDWR
RDWR
2.5% more per $
RDWR
7.5%
5.0%
STRW
Faster 2-yr revenue CAGR
STRW
STRW
Annualised
STRW
20.0%
7.1%
RDWR

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
RDWR
RDWR
STRW
STRW
Revenue
$75.3M
$40.1M
Net Profit
$5.7M
$2.0M
Gross Margin
80.7%
Operating Margin
4.1%
52.4%
Net Margin
7.5%
5.0%
Revenue YoY
31.5%
Net Profit YoY
37.6%
EPS (diluted)
$0.15

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
STRW
STRW
Q4 25
$40.1M
Q3 25
$75.3M
$39.7M
Q2 25
$74.2M
$37.9M
Q1 25
$72.1M
$37.3M
Q4 24
$30.5M
Q3 24
$69.5M
$29.5M
Q2 24
$67.3M
$29.3M
Q1 24
$65.1M
$27.8M
Net Profit
RDWR
RDWR
STRW
STRW
Q4 25
$2.0M
Q3 25
$5.7M
$2.0M
Q2 25
$4.2M
$2.0M
Q1 25
$4.3M
$1.6M
Q4 24
$1.5M
Q3 24
$3.1M
$944.0K
Q2 24
$1.7M
$938.0K
Q1 24
$-1.2M
$746.0K
Gross Margin
RDWR
RDWR
STRW
STRW
Q4 25
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%
Operating Margin
RDWR
RDWR
STRW
STRW
Q4 25
52.4%
Q3 25
4.1%
56.6%
Q2 25
3.8%
54.5%
Q1 25
2.2%
54.1%
Q4 24
51.5%
Q3 24
-0.0%
54.4%
Q2 24
-1.8%
52.3%
Q1 24
-5.6%
51.3%
Net Margin
RDWR
RDWR
STRW
STRW
Q4 25
5.0%
Q3 25
7.5%
5.1%
Q2 25
5.7%
5.2%
Q1 25
6.0%
4.2%
Q4 24
4.8%
Q3 24
4.5%
3.2%
Q2 24
2.5%
3.2%
Q1 24
-1.9%
2.7%
EPS (diluted)
RDWR
RDWR
STRW
STRW
Q4 25
$0.15
Q3 25
$0.16
Q2 25
$0.16
Q1 25
$0.13
Q4 24
$0.17
Q3 24
$0.14
Q2 24
$0.14
Q1 24
$0.12

Balance Sheet & Financial Strength

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

Metric
RDWR
RDWR
STRW
STRW
Cash + ST InvestmentsLiquidity on hand
$98.7M
$31.8M
Total DebtLower is stronger
$794.7M
Stockholders' EquityBook value
$357.1M
$12.1M
Total Assets
$618.7M
$885.2M
Debt / EquityLower = less leverage
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RDWR
RDWR
STRW
STRW
Q4 25
$31.8M
Q3 25
$98.7M
$19.8M
Q2 25
$98.7M
$96.3M
Q1 25
$98.7M
$42.3M
Q4 24
$48.4M
Q3 24
$70.5M
$29.3M
Q2 24
$70.5M
$16.1M
Q1 24
$70.5M
$15.1M
Total Debt
RDWR
RDWR
STRW
STRW
Q4 25
$794.7M
Q3 25
$779.4M
Q2 25
$794.1M
Q1 25
$715.5M
Q4 24
$673.9M
Q3 24
$584.5M
Q2 24
$555.0M
Q1 24
$560.4M
Stockholders' Equity
RDWR
RDWR
STRW
STRW
Q4 25
$12.1M
Q3 25
$357.1M
$14.2M
Q2 25
$357.1M
$15.5M
Q1 25
$357.1M
$19.6M
Q4 24
$18.2M
Q3 24
$323.3M
$12.6M
Q2 24
$323.3M
$7.4M
Q1 24
$323.3M
$7.5M
Total Assets
RDWR
RDWR
STRW
STRW
Q4 25
$885.2M
Q3 25
$618.7M
$880.6M
Q2 25
$618.7M
$897.3M
Q1 25
$618.7M
$834.8M
Q4 24
$787.6M
Q3 24
$571.9M
$661.5M
Q2 24
$571.9M
$635.9M
Q1 24
$571.9M
$634.9M
Debt / Equity
RDWR
RDWR
STRW
STRW
Q4 25
65.64×
Q3 25
54.70×
Q2 25
51.26×
Q1 25
36.47×
Q4 24
37.09×
Q3 24
46.34×
Q2 24
74.61×
Q1 24
74.81×

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
STRW
STRW
Operating Cash FlowLast quarter
$90.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
44.62×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RDWR
RDWR
STRW
STRW
Q4 25
$90.0M
Q3 25
$20.7M
Q2 25
$14.5M
$29.8M
Q1 25
$22.4M
$19.0M
Q4 24
$59.3M
Q3 24
$11.8M
Q2 24
$23.0M
$20.6M
Q1 24
$2.1M
Free Cash Flow
RDWR
RDWR
STRW
STRW
Q4 25
Q3 25
Q2 25
$11.8M
Q1 25
$21.3M
Q4 24
Q3 24
Q2 24
$22.0M
Q1 24
FCF Margin
RDWR
RDWR
STRW
STRW
Q4 25
Q3 25
Q2 25
15.9%
Q1 25
29.6%
Q4 24
Q3 24
Q2 24
32.7%
Q1 24
Capex Intensity
RDWR
RDWR
STRW
STRW
Q4 25
Q3 25
Q2 25
3.6%
Q1 25
1.5%
Q4 24
Q3 24
Q2 24
1.5%
Q1 24
Cash Conversion
RDWR
RDWR
STRW
STRW
Q4 25
44.62×
Q3 25
10.26×
Q2 25
3.43×
15.24×
Q1 25
5.17×
11.97×
Q4 24
40.44×
Q3 24
12.53×
Q2 24
13.84×
21.93×
Q1 24
2.85×

Financial Flow Comparison

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

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