CHKP

Check Point is a rare combination of software-quality economics and a value multiple. FY2025 revenue grew 6.3% to $2.73B, net income jumped 25.0% to $1.06B (EPS $9.62, +29.0%), and the margin profile is elite: 30.5% operating margin, 38.8% net margin and a 36.7% return on equity. This is a capital-light model — just $26.6M of capex — that converts profit straight into cash, generating $1.20B of operating cash flow (+14.0%). The five-year history shows steady revenue progression ($2.17B to $2.73B) with FY2025 marking an acceleration in earnings.

Capital allocation is shareholder-friendly and aggressive: the company repurchased $1.40B of stock (+7.7%), shrinking the share count 2.6% to 106M, and it sits on $1.80B of cash (up sharply). R&D spending rose 15.6% to $457M, funding the move into cloud and AI-driven security. The balance sheet shows liabilities up 66.1% and total assets up 35.7% — likely reflecting an acquisition and the associated deferred revenue/goodwill — but equity still grew and liabilities/equity is a modest 1.71x with current assets ($3.96B) double current liabilities ($1.94B).