Check Point
CHKP Nasdaq Systems Software Financials FY2016–FY2025
Check Point's revenue rose 6.2% to $2.7 billion in fiscal 2025. Its operating margin was 30.5%, down from 34.1% a year earlier. Free cash flow was $1.2 billion, up 14.1%. It paid out $1.4 billion in dividends and buybacks, 119% of free cash flow. The diluted share count fell 3.1%.
Last close · Oct 23, 2026
$159.03
4.6%
Revenue
Total sales reported in the income statement.
$2.7B
6.3%
vs prior year
Operating margin
Operating income as a share of revenue.
30.5%
3.7 pts
Net income
Profit after all expenses, interest and tax.
$1.1B
25.0%
Free cash flow
Cash from operations minus capital spending.
$1.2B
14.1%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap
Last close times the latest diluted share count, so it is approximate.
$17.5B
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
About these figures. Check Point is a foreign company: it files an annual report on Form 20-F, prepared under US accounting standards (US GAAP), instead of a 10-K, and no quarterly reports, so this page has fiscal years only. Its shares trade in the US as American depositary shares (ADSs), and one ADS can stand for several ordinary shares, so per-share figures are per ordinary share and the page has no market value, P/E or valuation model.
What Check Point does
No business description yet.
- Legal name
- CHECK POINT SOFTWARE TECHNOLOGIES LTD.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- —
- Accession · CIK
- 0001178913-26-001932
0001015922
Revenue and margins
Check Point had $2.7B of revenue in fiscal 2025, up 6.3% on the year before.
FY16
Revenue $1.7B
FY17
Revenue $1.9B
FY18
Revenue $1.9B
FY19
Revenue $2.0B
FY20
Revenue $2.1B
FY21
Revenue $2.2B
FY22
Revenue $2.3B
FY23
Revenue $2.4B
FY24
Revenue $2.6B
FY25
Revenue $2.7B
FY16
Gross 88.4%
Operating 48.9%
Net 41.6%
FCF 53.1%
FY17
Gross 88.5%
Operating 49.8%
Net 43.3%
FCF 58.3%
FY18
Gross 89.5%
Operating 47.7%
Net 42.9%
FCF 58.8%
FY19
Gross 89.2%
Operating 44.2%
Net 41.4%
FCF 54.1%
FY20
Gross 89.0%
Operating 43.8%
Net 41.0%
FCF 55.3%
FY21
Gross 88.1%
Operating 41.9%
Net 37.6%
FCF 54.8%
FY22
Gross 86.9%
Operating 38.0%
Net 34.2%
FCF 46.2%
FY23
Gross 88.3%
Operating 37.2%
Net 34.8%
FCF 42.2%
FY24
Gross 87.6%
Operating 34.2%
Net 33.0%
FCF 40.1%
FY25
Gross 86.7%
Operating 30.5%
Net 38.8%
FCF 43.0%
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 9.7% a year. Loss periods are shown in red.
FY16
Net income $725M
FY17
Net income $803M
FY18
Net income $821M
FY19
Net income $826M
FY20
Net income $847M
FY21
Net income $816M
FY22
Net income $797M
FY23
Net income $840M
FY24
Net income $846M
FY25
Net income $1.1B
FY16
Diluted EPS $4.18
FY17
Diluted EPS $4.82
FY18
Diluted EPS $5.15
FY19
Diluted EPS $5.43
FY20
Diluted EPS $5.96
FY21
Diluted EPS $6.08
FY22
Diluted EPS $6.31
FY23
Diluted EPS $7.10
FY24
Diluted EPS $7.46
FY25
Diluted EPS $9.62
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY16
Return on capital —
Return on equity 20.6%
Return on assets 14.1%
FY17
Return on capital —
Return on equity 22.6%
Return on assets 15.0%
FY18
Return on capital —
Return on equity 22.3%
Return on assets 14.6%
FY19
Return on capital —
Return on equity 22.5%
Return on assets 14.2%
FY20
Return on capital —
Return on equity 24.1%
Return on assets 14.6%
FY21
Return on capital —
Return on equity 24.3%
Return on assets 13.9%
FY22
Return on capital —
Return on equity 25.8%
Return on assets 13.7%
FY23
Return on capital —
Return on equity 29.2%
Return on assets 14.7%
FY24
Return on capital —
Return on equity 30.2%
Return on assets 14.8%
FY25
Return on capital —
Return on equity 37.3%
Return on assets 15.6%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $1.2B in fiscal 2025, 43.0% of revenue. Cash from operations minus capital spending.
FY16
Free cash flow $925M
FY17
Free cash flow $1.1B
FY18
Free cash flow $1.1B
FY19
Free cash flow $1.1B
FY20
Free cash flow $1.1B
FY21
Free cash flow $1.2B
FY22
Free cash flow $1.1B
FY23
Free cash flow $1.0B
FY24
Free cash flow $1.0B
FY25
Free cash flow $1.2B
FY16
Cash from operations $949M
Capital spending $24.0M
FY17
Cash from operations $1.1B
Capital spending $28.8M
FY18
Cash from operations $1.1B
Capital spending $17.2M
FY19
Cash from operations $1.1B
Capital spending $25.9M
FY20
Cash from operations $1.2B
Capital spending $19.3M
FY21
Cash from operations $1.2B
Capital spending $15.9M
FY22
Cash from operations $1.1B
Capital spending $22.1M
FY23
Cash from operations $1.0B
Capital spending $18.6M
FY24
Cash from operations $1.1B
Capital spending $24.2M
FY25
Cash from operations $1.2B
Capital spending $26.6M
Cash from operations
Capital spending
Dividends, buybacks and share count
Check Point returned $1.4B to shareholders in fiscal 2025, 119% of free cash flow. The diluted share count fell 3.1%.
FY16
Dividends $0.0M
Buybacks $988M
FY17
Dividends $0.0M
Buybacks $995M
FY18
Dividends $0.0M
Buybacks $1.1B
FY19
Dividends $0.0M
Buybacks $1.3B
FY20
Dividends $0.0M
Buybacks $1.3B
FY21
Dividends $0.0M
Buybacks $1.3B
FY22
Dividends $0.0M
Buybacks $1.3B
FY23
Dividends $0.0M
Buybacks $1.3B
FY24
Dividends $0.0M
Buybacks $1.3B
FY25
Dividends $0.0M
Buybacks $1.4B
Dividends
Buybacks
FY16
Diluted shares 0.17B
FY17
Diluted shares 0.17B
FY18
Diluted shares 0.16B
FY19
Diluted shares 0.15B
FY20
Diluted shares 0.14B
FY21
Diluted shares 0.13B
FY22
Diluted shares 0.13B
FY23
Diluted shares 0.12B
FY24
Diluted shares 0.11B
FY25
Diluted shares 0.11B
Balance sheet
Cash, debt and the ratios that show how comfortably Check Point can carry it.
FY16
Cash $1.3B
Debt —
FY17
Cash $1.4B
Debt —
FY18
Cash $1.7B
Debt —
FY19
Cash $3.9B
Debt —
FY20
Cash $4.0B
Debt —
FY21
Cash $3.8B
Debt —
FY22
Cash $3.5B
Debt —
FY23
Cash $3.0B
Debt —
FY24
Cash $2.8B
Debt $0.0M
FY25
Cash $4.3B
Debt $2.0B
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $3.8B | $3.5B | $3.0B | $2.8B | $4.3B |
| Debt incl. finance leases | — | — | — | $0.0M | $2.0B |
| Net debt / EBITDA | — | — | — | −3.1x | −2.8x |
| Debt / equity | — | — | — | 0.0x | 0.7x |
| Current ratio | 1.4x | 1.3x | 1.2x | 1.1x | 2.1x |
| Quick ratio | 1.4x | 1.3x | 1.2x | 1.1x | 2.1x |
| Total assets | $5.9B | $5.7B | $5.7B | $5.8B | $7.8B |
| Total liabilities | $2.6B | $2.8B | $2.9B | $3.0B | $4.9B |
| Shareholders' equity | $3.3B | $2.9B | $2.8B | $2.8B | $2.9B |
| Net debt (− = net cash) | — | — | — | −$2.8B | −$2.4B |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ |
| Return on assets rose | ✓ | ✓ | ✓ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | — | ✕ |
| Current ratio rose | ✕ | ✕ | ✓ |
| Share count didn't rise | ✓ | ✓ | ✓ |
| Gross margin rose | ✓ | ✕ | ✕ |
| Revenue rose relative to assets | ✓ | ✓ | ✓ |
| F-score | — / 9 | — / 9 | 7 / 9 |
| Accruals ratio | −3.5% | −3.6% | −2.1% |
| Altman Z'' | 10.02 | 10.23 | 9.33 |
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Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
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10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $1.7B | $1.9B | $1.9B | $2.0B | $2.1B | $2.2B | $2.3B | $2.4B | $2.6B | $2.7B |
| Gross profit | $1.5B | $1.6B | $1.7B | $1.8B | $1.8B | $1.9B | $2.0B | $2.1B | $2.2B | $2.4B |
| Research and development | $178M | $192M | $212M | $239M | $253M | $293M | $350M | $369M | $395M | $457M |
| Operating income | $852M | $924M | $914M | $882M | $904M | $908M | $884M | $899M | $876M | $831M |
| Pretax income | $897M | $971M | $979M | $962M | $971M | $950M | $928M | $976M | $972M | $945M |
| Income tax | $172M | $168M | $158M | $137M | $124M | $134M | $131M | $135M | $126M | −$112M |
| Net income | $725M | $803M | $821M | $826M | $847M | $816M | $797M | $840M | $846M | $1.1B |
| Diluted EPS | $4.18 | $4.82 | $5.15 | $5.43 | $5.96 | $6.08 | $6.31 | $7.10 | $7.46 | $9.62 |
| Diluted shares | 0.17B | 0.17B | 0.16B | 0.15B | 0.14B | 0.13B | 0.13B | 0.12B | 0.11B | 0.11B |
| Cash flow | ||||||||||
| Cash from operations | $949M | $1.1B | $1.1B | $1.1B | $1.2B | $1.2B | $1.1B | $1.0B | $1.1B | $1.2B |
| Capital expenditure | $24.0M | $28.8M | $17.2M | $25.9M | $19.3M | $15.9M | $22.1M | $18.6M | $24.2M | $26.6M |
| Free cash flow | $925M | $1.1B | $1.1B | $1.1B | $1.1B | $1.2B | $1.1B | $1.0B | $1.0B | $1.2B |
| Depreciation and amortization | $10.9M | $12.9M | $16.4M | $16.7M | $18.9M | $20.6M | $22.7M | $23.1M | $24.0M | $24.8M |
| Stock-based compensation | $82.7M | $87.4M | $89.3M | $107M | $113M | $120M | $131M | $145M | $150M | $206M |
| Acquisitions | $0.0M | $0.0M | $155M | $37.6M | $23.1M | $220M | $48.3M | $459M | $186M | $273M |
| Share buybacks | $988M | $995M | $1.1B | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | $1.4B |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Dividends and buybacks | $988M | $995M | $1.1B | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | $1.4B |
| Balance sheet | ||||||||||
| Cash and short-term investments | $1.3B | $1.4B | $1.7B | $3.9B | $4.0B | $3.8B | $3.5B | $3.0B | $2.8B | $4.3B |
| Total debt | — | — | — | — | — | — | — | — | $0.0M | $2.0B |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Current assets | $1.9B | $2.0B | $2.3B | $2.1B | $2.3B | $2.3B | $2.3B | $2.3B | $2.2B | $4.0B |
| Current liabilities | $1.2B | $1.2B | $1.3B | $1.4B | $1.5B | $1.7B | $1.8B | $1.9B | $1.9B | $1.9B |
| Inventory | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Property and equipment, net | $61.9M | $77.8M | $78.5M | $87.7M | $88.1M | $83.4M | $82.8M | $80.4M | $80.8M | $82.9M |
| Total assets | $5.2B | $5.5B | $5.8B | $5.8B | $5.8B | $5.9B | $5.7B | $5.7B | $5.8B | $7.8B |
| Total liabilities | $1.7B | $1.9B | $2.1B | $2.2B | $2.4B | $2.6B | $2.8B | $2.9B | $3.0B | $4.9B |
| Shareholders' equity | $3.5B | $3.6B | $3.8B | $3.6B | $3.5B | $3.3B | $2.9B | $2.8B | $2.8B | $2.9B |
| Margins | ||||||||||
| Gross margin | 88.4% | 88.5% | 89.5% | 89.2% | 89.0% | 88.1% | 86.9% | 88.3% | 87.6% | 86.7% |
| Operating margin | 48.9% | 49.8% | 47.7% | 44.2% | 43.8% | 41.9% | 38.0% | 37.2% | 34.2% | 30.5% |
| EBITDA margin | 49.6% | 50.5% | 48.5% | 45.0% | 44.7% | 42.8% | 38.9% | 38.2% | 35.1% | 31.4% |
| Net margin | 41.6% | 43.3% | 42.9% | 41.4% | 41.0% | 37.6% | 34.2% | 34.8% | 33.0% | 38.8% |
| FCF margin | 53.1% | 58.3% | 58.8% | 54.1% | 55.3% | 54.8% | 46.2% | 42.2% | 40.1% | 43.0% |
| Returns | ||||||||||
| Return on capital employed | 21.1% | 22.2% | 20.9% | 19.9% | 20.9% | 21.4% | 21.9% | 23.5% | 23.1% | 17.2% |
| Return on equity | 20.6% | 22.6% | 22.3% | 22.5% | 24.1% | 24.3% | 25.8% | 29.2% | 30.2% | 37.3% |
| Return on assets | 14.1% | 15.0% | 14.6% | 14.2% | 14.6% | 13.9% | 13.7% | 14.7% | 14.8% | 15.6% |
| Growth | ||||||||||
| Revenue growth | 6.8% | 6.5% | 3.3% | 4.1% | 3.5% | 4.9% | 7.5% | 3.6% | 6.2% | 6.3% |
| Net income growth | 5.7% | 10.8% | 2.3% | 0.5% | 2.5% | −3.7% | −2.3% | 5.5% | 0.6% | 25.0% |
| EPS growth | 11.8% | 15.3% | 6.9% | 5.4% | 9.8% | 2.0% | 3.8% | 12.5% | 5.1% | 29.0% |
| FCF growth | −0.7% | 16.8% | 4.2% | −4.3% | 5.9% | 4.1% | −9.4% | −5.3% | 0.9% | 14.1% |
| Share count change | −5.6% | −3.9% | −4.3% | −4.6% | −6.7% | −5.5% | −5.8% | −6.3% | −4.2% | −3.1% |
| Financial health | ||||||||||
| Net debt / EBITDA | — | — | — | — | — | — | — | — | −3.1x | −2.8x |
| Debt / equity | — | — | — | — | — | — | — | — | 0.0x | 0.7x |
| Current ratio | 1.6x | 1.6x | 1.7x | 1.5x | 1.5x | 1.4x | 1.3x | 1.2x | 1.1x | 2.1x |
| Quick ratio | 1.6x | 1.6x | 1.7x | 1.5x | 1.5x | 1.4x | 1.3x | 1.2x | 1.1x | 2.1x |
| Capital allocation | ||||||||||
| Capex / revenue | 1.4% | 1.6% | 0.9% | 1.3% | 0.9% | 0.7% | 1.0% | 0.8% | 0.9% | 1.0% |
| Stock comp / revenue | 4.8% | 4.7% | 4.7% | 5.4% | 5.5% | 5.6% | 5.6% | 6.0% | 5.8% | 7.5% |
| Payouts / FCF | 106.8% | 92.1% | 98.0% | 118.5% | 113.7% | 109.4% | 120.8% | 126.3% | 126.4% | 119.4% |
| Quality scores | ||||||||||
| Piotroski F-score | — | — | — | — | — | — | — | — | — | 7.0 |
| Altman Z'' | 8.7 | 9.0 | 9.2 | 9.2 | 9.4 | 9.4 | 9.7 | 10.0 | 10.2 | 9.3 |
| Accruals ratio | −4.4% | −5.7% | −5.7% | −4.8% | −5.4% | −6.6% | −5.2% | −3.5% | −3.6% | −2.1% |
Source: SEC EDGAR XBRL filings (CIK 0001015922). Data updated October 23, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.