Check Point Software Technologies
CHKP · NasdaqServices-Prepackaged Software · Fiscal year ends Dec 31
Check Point Software Technologies reported revenue of $2.7B in the fiscal year ended Dec 2025, up 6.3% from the year before. Operating income was $831M, an operating margin of 30.5%, and net income was $1.1B. Operating cash flow of $1.2B less capital expenditure of $27M left free cash flow of $1.2B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.3B | $2.4B | $2.6B | $2.7B |
| Cost of revenue | $258M | $304M | $283M | $319M | $362M |
| Gross profit | $1.9B | $2B | $2.1B | $2.2B | $2.4B |
| Research & development | $293M | $350M | $369M | $395M | $457M |
| Operating income | $908M | $884M | $899M | $876M | $831M |
| Pre-tax income | $950M | $928M | $976M | $972M | $945M |
| Income tax | $134M | $131M | $135M | $126M | −$112M |
| Net income | $816M | $797M | $840M | $846M | $1.1B |
| Diluted EPS | 6.08 | 6.31 | 7.10 | 7.46 | 9.62 |
| Diluted shares | 134M | 126M | 118M | 113M | 110M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $272M | $196M | $538M | $506M | $1.8B |
| Receivables | $598M | $644M | $658M | $729M | $769M |
| Current assets | $2.3B | $2.3B | $2.3B | $2.2B | $4B |
| Net PP&E | $83M | $83M | $80M | $81M | $83M |
| Goodwill | $1.2B | $1.2B | $1.6B | $1.7B | $1.9B |
| Total assets | $5.9B | $5.7B | $5.7B | $5.8B | $7.8B |
| Payables | $10M | $30M | $48M | $55M | $28M |
| Deferred revenue | $1.3B | $1.4B | $1.4B | $1.5B | $1.5B |
| Current liabilities | $1.7B | $1.8B | $1.9B | $1.9B | $1.9B |
| Total liabilities | $2.6B | $2.8B | $2.9B | $3B | $4.9B |
| Shareholders' equity | $3.3B | $2.9B | $2.8B | $2.8B | $2.9B |
| Backlog (remaining obligations) | $2B | $2.1B | $2.2B | $2.5B | $2.7B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $1.2B | $1.1B | $1B | $1.1B | $1.2B |
| Capital expenditure | $16M | $22M | $19M | $24M | $27M |
| Free cash flow | $1.2B | $1.1B | $1B | $1B | $1.2B |
| Depreciation & amortisation | $21M | $23M | $23M | $24M | $25M |
| Stock-based compensation | $120M | $131M | $145M | $150M | $206M |
| Acquisitions | $220M | $48M | $459M | $186M | $273M |
| Share buybacks | $1.3B | $1.3B | $1.3B | $1.3B | $1.4B |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 7.5% | 3.6% | 6.2% | 6.3% |
| Operating income growth (YoY) | – | −2.6% | 1.7% | −2.6% | −5.1% |
| EPS growth (YoY) | – | 3.8% | 12.5% | 5.1% | 29.0% |
| Gross margin | 88.1% | 86.9% | 88.3% | 87.6% | 86.7% |
| Operating margin | 41.9% | 38.0% | 37.2% | 34.2% | 30.5% |
| Net margin | 37.6% | 34.2% | 34.8% | 33.0% | 38.8% |
| Return on equityBlank when equity is negative | 25.0% | 27.2% | 29.8% | 30.3% | 36.7% |
| ROCEEBIT ÷ (assets − current liabilities) | 21.7% | 22.8% | 23.8% | 23.0% | 14.2% |
| Free cash flow margin | 54.8% | 46.2% | 42.2% | 40.1% | 43.0% |
| Cash conversion (CFO ÷ net income) | 1.48x | 1.38x | 1.24x | 1.24x | 1.13x |
| Receivable days | 101 | 101 | 99 | 104 | 103 |
| Payable days | 14 | 35 | 62 | 63 | 28 |
| Current ratio | 1.37x | 1.27x | 1.18x | 1.13x | 2.05x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.