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Check Point Software Technologies LTD (CHKP) stock

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NASDAQ: CHKP Nasdaq Systems Software

B Fundamentals grade

Check Point Software Technologies LTD is a US-listed company in the systems software industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$210

Cash-flow model

Base case. Range ~$160–$270 across our lower- and higher-growth cases (0.8%–10.8% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 49% above it.

Price used: $141.50, November 2, 2026

Check Point Software Technologies LTD valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Check Point Software Technologies files

Where Check Point Software Technologies LTD stands after its latest Filing

Revenue for the twelve months was $2.73bn, up 6.3% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin fell to 43.0% from 54.8% a year earlier. Operating margin narrowed to 30.5% from 41.9%. The diluted share count is down 3.1% on a year earlier, which lifts each remaining share. It passes 3 of our 5 financial-health checks. Our cash-flow model value is $202 a share, against a share price of $152.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Check Point Software Technologies LTD's trailing-twelve-month revenue grew 6.3% year on year, with a free-cash-flow margin of 43.0%. Where it stands out: gross margin of 86.7% ranks 2 of 32 systems software companies we cover.

Our discounted-cash-flow model values the business at ~$210 per share in the base case (~$160–$270 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Operating margin compressing: TTM operating margin fell to 30.5%, down 3.7pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $141.50 is 49% below our value per share of $210.
  • High operating margin. 30.5% of revenue is left as operating profit, against a median of 3.8% for systems software companies we cover.
  • Strong cash generation. 43.0% of revenue turned into free cash flow, against a median of 17.3% for systems software companies we cover.
  • Shrinking share count. Diluted shares fell 3.1% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Margins narrowing. Operating margin is down 3.7 points on a year ago.
  • Insiders selling. 6 insiders sold $13M of stock over the past 365 days and none bought (99% under pre-set trading plans).
  • Below peers: days sales outstanding. Days sales outstanding of 103 days ranks 23 of 29 systems software companies we cover (median 72 days).
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 25.3% ranks 18 of 23 systems software companies we cover (median 4.3%).

Latest results

Earnings per share
$2.55 against an average estimate of $2.45: beat by 4.2%
Next report
November 2, 2026; average EPS estimate $2.49

Check Point Software Technologies' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-7.0%
  • 1 week-11.4%
  • 1 month+8.6%
  • This year-23.7%
  • 1 year-27.7%
  • 5 years+21.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.7B
Operating margin
30.5%
Net margin
38.8%
EPS (TTM, diluted)
$9.62

Growth

Revenue growth
+6.3%
Change in growth rate
+0.0 pts
Share count change
−3.1%

Cash

Free cash flow (TTM)
$1.2B
FCF margin
43.0%
Stock pay % of revenue
7.5%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Our research
  3. Insider trade
  4. Insider trade

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Check Point Software Technologies LTD valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 2.2% a year for five years.That is slower than the 5.7% a year revenue growth Check Point Software Technologies has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in-2.2%
  • Last 12 months6.3%
  • 3 years a year5.4%
  • 5 years a year5.7%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($140.82, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$210
Price used
$140.82close November 3, 2026
Implied change
▲ +50%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Check Point Software Technologies LTD's free cash flow after stock-based pay with after-tax interest added back ($962M, FY2025 Q4 TTM), growing 5.8% a year for five years and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$160–~$270 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Check Point Software Technologies LTD's free cash flow after stock-based pay ( $962M, FY2025 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Check Point Software Technologies LTD as an operating company, with every model that fits that kind of business. Cost of equity 9.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.94 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$210 ~$160–$270 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$190 ~$130–$400 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$240 ~$170–$350 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$120 ~$100–$140 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$190 ~$120–$240 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Check Point Software Technologies LTD with Systems Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −23%
  • Revenue growth 5 points higher ▲ +30%
  • Free-cash-flow margin 1 point lower ▼ −2%
  • Last year's free-cash-flow margin change, if it persists ▲ +7%
  • Discount rate 1 point higher ▼ −13%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $154$201$263$345$452$591
8.5% $123$157$202$261$337$435
10% $104$131$165$210$268$343

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025
Share price$81.38$84.46$103.62$102.65$110.96$132.91$116.56$126.16$152.79$186.70$185.56
Market value$14.9bn$14.6bn$17.3bn$16.4bn$16.9bn$18.9bn$15.6bn$15.9bn$18.1bn$21.2bn$20.4bn
+ Net debt (− = net cash)−$192m−$187m−$245m−$304m−$279m−$256m−$272m−$196m−$538m−$506m$172m
Enterprise value$14.8bn$14.4bn$17.0bn$16.1bn$16.6bn$18.6bn$15.4bn$15.7bn$17.5bn$20.7bn$20.6bn
Multiples
Price / sales 9.2x8.4x9.3x8.5x8.5x9.1x7.2x6.8x7.5x8.3x7.5x
Price / earnings 21.8x20.2x21.5x19.9x20.4x22.3x19.2x20.0x21.5x25.0x19.3x
Price / free cash flow 16.0x15.8x16.0x14.5x15.7x16.5x13.2x14.8x17.7x20.6x17.4x
EV / EBITDA 17.4x16.7x18.2x17.3x18.5x20.2x16.5x17.4x19.0x23.0x24.0x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

95 /100

Strong moat

How hard Check Point Software Technologies's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 13.5% of total assets over 5 years.

  • Pricing power 20 / 20

    Gross margin has been a median 88.1%, moving by 1.1 percentage points (standard deviation) across 5 years.

  • Durability 20 / 20

    Operating margin has been a median 44.9%; its worst year was 30.5%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 5 of 5 years, at a median 57.5% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (100 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $10.44 −12% $2.8bn +3%
Next $11.28 +8% $3.0bn +6%

Next year's EPS estimate has moved −1.1% in 90 days, across 38 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.0% on 90 days ago. In the last 30 days, 1 analyst raised Check Point Software Technologies LTD's forecast and 1 cut it.

Consensus EPS forecast Check Point Software Technologies LTD, last 90 days
$10.00 $10.50 $11.00 $11.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $10.43 Current fiscal year, 60 days ago: $10.43 Current fiscal year, 30 days ago: $10.44 Current fiscal year, 7 days ago: $10.44 Current fiscal year, Now: $10.44 $10.44 Next fiscal year, 90 days ago: $11.40 Next fiscal year, 60 days ago: $11.30 Next fiscal year, 30 days ago: $11.29 Next fiscal year, 7 days ago: $11.28 Next fiscal year, Now: $11.28 $11.28

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $10.43$11.40
60 days ago $10.43$11.30
30 days ago $10.44$11.29
7 days ago $10.44$11.28
Now $10.44$11.28

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $2.45 $2.55 +4.2%
Mar 2026 $2.40 $2.50 +4.0%
Dec 2025 $2.77 $3.40 +22.9%
Sept 2025 $2.45 $3.94 +60.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

38 analysts, Oct 2026
Buy1334%
Hold2566%
Sell00%

Monthly trend

  1. Oct 2026112538
  2. Sep 2026122538
  3. Aug 2026142338
  4. Jul 2026142338

Counts of recommendations published by analysts covering Check Point Software Technologies LTD, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
7.1%
of tradable shares
Days to cover
5.3
at average volume
Short interest, 1 month
−12%
to October 15, 2026
Held by institutions
76%
of shares
Held by insiders
24.6%
of shares
Employees
6,825
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
CHKP−12%+8%+21%+22%−1%−24%
Industry peers (median)+26%−48%+33%+23%+0%+26%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CHKP50%42%67%83%50%27%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CHKP−19%−27%−12%−19%−23%−42%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 52% from June 6, 2025 to April 30, 2026. Getting back needed a 108% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$112.47 – $204.39
From 52-week high
−30.8%
vs 50-day average
+2.8%
vs 200-day average
+0.5%
Volatility (1 year)
41%
Beta vs S&P 500
0.03

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Options strategies

All options ideas

How Check Point Software Technologies LTD’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look fairly priced

Implied volatility is within its normal range against realised. Selling options earns the usual premium, nothing extra.

  • Implied is 1.29× the last 60 days’ realised volatility , richer than 71% of the 229 stocks we screen today.
  • Calls are priced 4 points richer than puts (25-delta): demand for upside is high, which favours selling calls over puts.
  • Why: implied is not far enough above realised, or not unusual against our coverage.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Check Point Software Technologies LTD in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Check Point Software Technologies LTD
$1B $1.5B $2B $2.5B $3B FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 Revenue (TTM), FY14 Q4: $1.5B Revenue (TTM), FY15 Q4: $1.6B Revenue (TTM), FY16 Q4: $1.7B Revenue (TTM), FY17 Q4: $1.9B Revenue (TTM), FY18 Q4: $1.9B Revenue (TTM), FY19 Q4: $2B Revenue (TTM), FY20 Q4: $2.1B Revenue (TTM), FY21 Q4: $2.2B Revenue (TTM), FY22 Q4: $2.3B Revenue (TTM), FY23 Q4: $2.4B Revenue (TTM), FY24 Q4: $2.6B Revenue (TTM), FY25 Q4: $2.7B $2.7B

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY14 Q4 $1.5B
FY15 Q4 $1.6B
FY16 Q4 $1.7B
FY17 Q4 $1.9B
FY18 Q4 $1.9B
FY19 Q4 $2B
FY20 Q4 $2.1B
FY21 Q4 $2.2B
FY22 Q4 $2.3B
FY23 Q4 $2.4B
FY24 Q4 $2.6B
FY25 Q4 $2.7B
Revenue growth, TTM YoY Check Point Software Technologies LTD
2% 4% 6% 8% 10% FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 Revenue growth, TTM YoY, FY14 Q4: 7.3% Revenue growth, TTM YoY, FY15 Q4: 9.0% Revenue growth, TTM YoY, FY16 Q4: 6.8% Revenue growth, TTM YoY, FY17 Q4: 6.5% Revenue growth, TTM YoY, FY18 Q4: 3.3% Revenue growth, TTM YoY, FY19 Q4: 4.1% Revenue growth, TTM YoY, FY20 Q4: 3.5% Revenue growth, TTM YoY, FY21 Q4: 4.9% Revenue growth, TTM YoY, FY22 Q4: 7.5% Revenue growth, TTM YoY, FY23 Q4: 3.6% Revenue growth, TTM YoY, FY24 Q4: 6.2% Revenue growth, TTM YoY, FY25 Q4: 6.3% 6.3%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY14 Q4 7.3%
FY15 Q4 9.0%
FY16 Q4 6.8%
FY17 Q4 6.5%
FY18 Q4 3.3%
FY19 Q4 4.1%
FY20 Q4 3.5%
FY21 Q4 4.9%
FY22 Q4 7.5%
FY23 Q4 3.6%
FY24 Q4 6.2%
FY25 Q4 6.3%
Operating margin (TTM) Check Point Software Technologies LTD
30% 40% 50% 60% FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 Operating margin (TTM), FY14 Q4: 53.6% Operating margin (TTM), FY15 Q4: 51.5% Operating margin (TTM), FY16 Q4: 48.9% Operating margin (TTM), FY17 Q4: 49.8% Operating margin (TTM), FY18 Q4: 47.7% Operating margin (TTM), FY19 Q4: 44.2% Operating margin (TTM), FY20 Q4: 43.8% Operating margin (TTM), FY21 Q4: 41.9% Operating margin (TTM), FY22 Q4: 38.0% Operating margin (TTM), FY23 Q4: 37.2% Operating margin (TTM), FY24 Q4: 34.2% Operating margin (TTM), FY25 Q4: 30.5% 30.5%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY14 Q4 53.6%
FY15 Q4 51.5%
FY16 Q4 48.9%
FY17 Q4 49.8%
FY18 Q4 47.7%
FY19 Q4 44.2%
FY20 Q4 43.8%
FY21 Q4 41.9%
FY22 Q4 38.0%
FY23 Q4 37.2%
FY24 Q4 34.2%
FY25 Q4 30.5%
FCF margin (TTM) Check Point Software Technologies LTD
40% 45% 50% 55% 60% FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 FCF margin (TTM), FY14 Q4: 51.7% FCF margin (TTM), FY15 Q4: 57.2% FCF margin (TTM), FY16 Q4: 53.1% FCF margin (TTM), FY17 Q4: 58.3% FCF margin (TTM), FY18 Q4: 58.8% FCF margin (TTM), FY19 Q4: 54.1% FCF margin (TTM), FY20 Q4: 55.3% FCF margin (TTM), FY21 Q4: 54.8% FCF margin (TTM), FY22 Q4: 46.2% FCF margin (TTM), FY23 Q4: 42.2% FCF margin (TTM), FY24 Q4: 40.1% FCF margin (TTM), FY25 Q4: 43.0% 43.0%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY14 Q4 51.7%
FY15 Q4 57.2%
FY16 Q4 53.1%
FY17 Q4 58.3%
FY18 Q4 58.8%
FY19 Q4 54.1%
FY20 Q4 55.3%
FY21 Q4 54.8%
FY22 Q4 46.2%
FY23 Q4 42.2%
FY24 Q4 40.1%
FY25 Q4 43.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Check Point Software Technologies took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $2.7B
  2. Other income $226M · 8.3%
  3. Cost of revenue $362M · 13.3%
  4. Gross profit $2.4B · 86.7%
  5. Research and development $457M · 16.8%
  6. Selling, general and admin $1.1B · 39.5%
  7. Operating income $831M · 30.5%
  8. Net income $1.1B · 38.8%

Shares of revenue. Source: Check Point Software Technologies's 10-K for FY2025, as filed with the SEC. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 924 1,098 1,247 1,343 1,394 1,496 1,630 1,741 1,855 1,917 1,995 2,065 2,167 2,330 2,415 2,565 2,725
Gross profit 791 934 1,071 1,184 1,231 1,319 1,441 1,539 1,642 1,715 1,779 1,838 1,909 2,026 2,132 2,246 2,364
EBITDA 424 542 650 754 769 810 850 863 937 930 899 923 928 907 922 900 856
Operating income 415 535 642 747 761 801 840 852 924 914 882 904 908 884 899 876 831
Net income 358 453 544 620 653 660 686 725 803 821 826 847 816 797 840 846 1,057
Diluted EPS $1.68 $2.13 $2.54 $2.96 $3.27 $3.43 $3.74 $4.18 $4.82 $5.15 $5.43 $5.96 $6.08 $6.31 $7.10 $7.46 $9.62
Growth (year on year)
Revenue +14.3% +18.8% +13.6% +7.7% +3.8% +7.3% +9.0% +6.8% +6.5% +3.3% +4.1% +3.5% +4.9% +7.5% +3.6% +6.2% +6.3%
EBITDA +16.1% +27.8% +19.9% +16.1% +2.0% +5.3% +4.9% +1.5% +8.5% −0.7% −3.4% +2.7% +0.5% −2.3% +1.7% −2.4% −4.9%
Operating income +16.4% +28.9% +20.0% +16.3% +1.9% +5.3% +4.8% +1.5% +8.4% −1.1% −3.5% +2.5% +0.4% −2.6% +1.7% −2.6% −5.1%
Net income +10.4% +26.7% +20.1% +14.0% +5.3% +1.0% +4.0% +5.7% +10.8% +2.3% +0.5% +2.5% −3.7% −2.3% +5.4% +0.6% +25.0%
Diluted EPS +12.0% +26.8% +19.2% +16.5% +10.5% +4.9% +9.0% +11.8% +15.3% +6.8% +5.4% +9.8% +2.0% +3.8% +12.5% +5.1% +29.0%
Margins
Gross margin 85.6% 85.1% 85.9% 88.1% 88.3% 88.2% 88.4% 88.4% 88.5% 89.5% 89.2% 89.0% 88.1% 86.9% 88.3% 87.6% 86.7%
EBITDA margin 45.9% 49.4% 52.1% 56.2% 55.2% 54.2% 52.2% 49.6% 50.5% 48.5% 45.0% 44.7% 42.8% 38.9% 38.2% 35.1% 31.4%
Operating margin 44.9% 48.7% 51.5% 55.6% 54.6% 53.6% 51.5% 48.9% 49.8% 47.7% 44.2% 43.8% 41.9% 38.0% 37.2% 34.2% 30.5%
Net margin 38.7% 41.2% 43.6% 46.2% 46.8% 44.1% 42.1% 41.6% 43.3% 42.9% 41.4% 41.0% 37.6% 34.2% 34.8% 33.0% 38.8%
Free-cash-flow margin 59.8% 62.3% 59.0% 62.7% 57.5% 51.7% 57.2% 53.1% 58.3% 58.8% 54.1% 55.3% 54.8% 46.2% 42.2% 40.1% 43.0%
Cash flow
Cash from operations 557 689 743 850 811 786 950 949 1,110 1,144 1,104 1,161 1,204 1,099 1,038 1,052 1,199
Capital spending 4 5 7 8 10 13 17 24 29 17 26 19 16 22 19 24 27
Free cash flow 553 684 736 841 802 773 932 925 1,081 1,126 1,078 1,142 1,188 1,076 1,019 1,028 1,173
Stock-based pay 31 35 40 45 51 63 76 83 87 89 107 113 120 131 145 150 206
Free cash flow after stock pay 522 648 696 796 751 710 856 842 993 1,037 972 1,029 1,068 945 874 879 967
Balance sheet
Cash 414 552 494 575 408 262 192 187 245 304 279 256 272 196 538 506 1,800
Total debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,972
Net debt (negative = net cash) −414 −552 −494 −575 −408 −262 −192 −187 −245 −304 −279 −256 −272 −196 −538 −506 172
Diluted shares 212m 213m 214m 209m 199m 192m 184m 173m 167m 159m 152m 142m 134m 126m 118m 113m 110m
Returned to shareholders
Buybacks 202 200 300 466 534 768 986 988 995 1,104 1,278 1,298 1,300 1,300 1,288 1,300 1,400
Total returned 202 200 300 466 534 768 986 988 995 1,104 1,278 1,298 1,300 1,300 1,288 1,300 1,400

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 5 checks passed · December 31, 2025
What it owns · $7.8bn
Short-term assets $4.0bnLonger-term assets $3.8bn
What it owes, and who funded it · $7.8bn
Short-term liabilities $1.9bnLonger-term liabilities $3.0bnShareholders' equity $2.9bn
  • Short-term assets cover short-term liabilities $4.0bn of assets due within a year against $1.9bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $4.0bn short-term assets against $3.0bn of longer-dated liabilities.
  • More cash than debt $1.8bn of cash against $2.0bn of debt.
  • Debt below 40% of shareholders' equity Debt is 68% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $1.2bn of operating cash flow against $2.0bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Check Point Software Technologies LTD's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$1.4B
Returned to shareholders
119%
of free cash flow
Buybacks, last 3 fiscal years
$4B
Diluted share count
−3.1%
year over year
Total shareholder yield
9.4%
dividends 0.0% + buybacks 9.4% of market value
R&D spending
16.8%
of revenue
Days sales outstanding
103 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in systems software
Last 12 months unless stated CHKP NTNX PAYP OKTA ZS PAGS Median
Revenue, last 12 months $2.7bn $2.9bn $2.5bn $3.1bn $3.4bn $3.7bn $1.1bn
Revenue growth, last 12 months 6.3% 12.4% 28.8% 11.2% 25.4% 4.3% 16.9%
Revenue growth, 3-year average 25.0% 15.3% — 14.2% 27.5% — 16.1%
Revenue growth, latest quarter — 15.9% — 10.6% 24.9% — 19.6%
Gross margin 86.7% 86.8% — 78.1% 76.8% 49.0% 69.6%
Operating margin 30.5% 9.6% 21.0% 7.5% −4.0% — 3.7%
Operating margin, 3-year average 40.7% 5.6% — −0.1% −4.8% — 4.0%
Net margin 38.8% 52.8% 30.2% 9.6% −1.9% 10.4% 2.4%
Cash from operations / revenue 44.0% 32.1% 98.6% 32.1% 33.7% 37.1% 16.6%
Free-cash-flow margin 43.0% 29.5% 96.9% 31.9% 25.4% 32.0% 15.0%
Free-cash-flow margin, 3-year average 52.0% 28.9% — 29.3% 28.3% 16.3% 18.8%
Stock pay / revenue 7.5% 12.5% 0.5% 16.4% 24.5% 0.5% 8.2%
Change in share count −3.1% −0.6% 17.1% −1.4% 3.8% −6.8% 2.7%

Median of all 37 companies we cover in systems software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

37 systems software companies
Measure Company Peer median Rank
Revenue growth Growth 6.3% 16.9% 28 of 37
Change in growth rate Growth +0.0pp -0.3pp 18 of 37
Gross margin Profitability 86.7% 70.4% 2 of 32
Operating margin Profitability 30.5% 3.8% 4 of 34
Net margin Profitability 38.8% 2.4% 3 of 37
Free-cash-flow margin Cash generation 43.0% 17.3% 4 of 34
Stock pay as % of revenue Cash generation 7.5% 8.5% 17 of 36
Long-term debt as % of assets Balance sheet 25.3% 4.3% 18 of 23
Change in share count Balance sheet -3.1% 3.1% 5 of 34
Days sales outstanding Balance sheet 103 days 72 days 23 of 29

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$9.9B
Institutions reporting
632
Shares held vs prior quarter
▲ 2.2%
Positions opened / closed
68 / 125

Top buyers and sellers, Q2 2026: 274 institutions bought and 385 sold ; the biggest buyer was Acadian Asset Management LLC (+2.0M shares) and the biggest seller Boston Partners (−1.8M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Massachusetts Financial Services Co $1.2B 8.6M 11.8% ▲ 7.9%
Blackrock, Inc. $931M 7.1M 9.4% ▲ 9.4%
Acadian Asset Management LLC $467M 3.6M 4.7% ▲ 122.5%
Ninety One Uk Ltd $335M 2.6M 3.4% ▼ 0.5%
First Trust Advisors LP $335M 2.5M 3.4% ▲ 5.8%
DNB Asset Management As $264M 2.0M 2.7% ▲ 12.7%
Ameriprise Financial Inc $251M 1.9M 2.5% ▼ 24.6%
Deutsche Bank Ag\ $234M 1.8M 2.4% ▲ 51.4%
State Street Corp $231M 1.8M 2.3% ▼ 3.3%
Legal & General Group PLC $201M 1.5M 2.0% ▲ 6.2%
Altrinsic Global Advisors LLC $179M 1.4M 1.8% ▼ 2.0%
Norges Bank $174M 1.3M 1.8% —

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Check Point Software Technologies LTD's complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $12.7M 8 trades by 6 insiders · 99% under pre-set plans
Net ▼ $12.7M net selling
Insider Date Trade Shares Price Value
Kremer Nataly Chief Product Officer October 22, 2026 Sell pre-set plan 3,185 $150.08 $478,005
Seddik Sherif Chief Revenue Officer August 4, 2026 Sell pre-set plan 10,272 $123.59 $1.3M
Golan Roei Chief Financial Officer August 3, 2026 Sell pre-set plan 409 $123.50 $50,512
Golan Roei Chief Financial Officer August 3, 2026 Sell pre-set plan 9,451 $123.76 $1.2M
Kremer Nataly Chief Product Officer August 3, 2026 Sell 665 $123.64 $82,221
Ungerman Jerry T Director June 11, 2026 Sell pre-set plan 25,000 $122.55 $3.1M
Shavit Shenhav Tal Director June 11, 2026 Sell pre-set plan 25,000 $123.07 $3.1M
Chelouche Yoav Director June 2, 2026 Sell pre-set plan 25,000 $140.28 $3.5M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 32 trades and filings

In the last 12 months, 1 member of Congress disclosed 0 purchases and 2 sales of Check Point Software Technologies LTD shares.

  • Thomas H. Kean, Jr.(R-NJ 7):Sale (full), $1,001 - $15,000, traded June 1, 2026, filed July 15, 2026
  • Thomas H. Kean, Jr.(R-NJ 7):Sale (partial), $1,001 - $15,000, traded June 1, 2026, filed June 18, 2026
  • Thomas H. Kean, Jr.(R-NJ 7):Purchase, $1,001 - $15,000, traded August 4, 2025, filed September 18, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Check Point Software Technologies LTD was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Check Point Software Technologies LTD in brief

What does Check Point Software Technologies LTD do?
Check Point Software Technologies LTD is a US-listed company in the systems software industry. Its financial year ends in December.
What is Check Point Software Technologies LTD's stock ticker?
Check Point Software Technologies LTD trades under the ticker CHKP on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Check Point Software Technologies LTD's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Check Point Software Technologies LTD reported revenue of $2.7B, 6.3% higher than a year earlier, according to its SEC filings.
What is Check Point Software Technologies LTD's free cash flow?
Check Point Software Technologies LTD's free-cash-flow margin is 43.0% of revenue over the trailing twelve months, ranking 4 of the 34 systems software companies we cover.
What is Check Point Software Technologies LTD's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Check Point Software Technologies LTD's free cash flow after stock-based pay gives ~$210 per share in the base case, and ~$160–$270 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Check Point Software Technologies LTD's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Massachusetts Financial Services Co, Blackrock, Inc. and Acadian Asset Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Check Point Software Technologies LTD buying back stock, and does it pay a dividend?
Check Point Software Technologies LTD spent $1.4B on share repurchases over the trailing twelve months, and its diluted share count fell 3.1% over the year.
What is Check Point Software Technologies LTD's market cap?
On December 31, 2025, Check Point Software Technologies LTD's market capitalisation was about $20.4B, with a price-to-earnings ratio of 19.3 and net debt of $172M. Market figures come from third-party market data and may be delayed.
How much debt does Check Point Software Technologies LTD have?
Check Point Software Technologies LTD's debt-to-equity ratio is 68.4%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Check Point Software Technologies LTD's competitors?
In our Systems Software peer group, the companies closest to Check Point Software Technologies LTD are Nutanix, Inc., Paypay Corp, Okta, Inc., Zscaler, Inc. and Pagseguro Digital Ltd. The side-by-side comparison below sets their revenue, margins and growth against Check Point Software Technologies LTD's.
Are insiders buying or selling Check Point Software Technologies LTD stock?
Over the last 12 months, Check Point Software Technologies LTD's directors and officers reported 0 open-market purchases and 8 sales on Form 4. The insider trading page charts every trade.