Check Point Software Technologies Ltd. cash flow statement CHKP

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Check Point Software Technologies Ltd. generated $1.2 billion of cash from operations, up 14.0% from the year before. It spent $26.6 million on capital expenditures. That left free cash flow of $1.2 billion. The company returned $1.4 billion in share buybacks to shareholders.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.

Line	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2013 Dec 31, 2013	FY 2012 Dec 31, 2012
Operating
Depreciation and amortization	25 +3.3%	24 +3.9%	23 +1.8%	23 +10.2%	21 +9.0%	19 +13.2%	17 +1.8%	16 +27.1%	9 +8.7%	8 +3.2%
Stock-based compensation	206 +37.3%	150 +3.0%	145 +10.6%	131 +9.2%	120 +6.9%	112 +5.4%	107 +19.5%	89 +2.2%	51 +12.9%	45 +13.7%
Operating cash flow	1,199 +14.0%	1,052 +1.4%	1,038 -5.5%	1,098 -8.8%	1,204 +3.7%	1,161 +5.1%	1,104 -3.4%	1,144	811 -4.5%	850 +14.3%
Investing
Capital expenditures	27 +9.9%	24 +30.1%	19 -15.8%	22 +39.0%	16 -17.6%	19 -25.5%	26 +50.6%	17 -40.3%	10 +16.7%	8 +13.9%
Investing cash flow	-680 -2735.0%	-24 -105.1%	469 +7423.4%	-6 +91.5%	-75 +23.3%	-98 -263.7%	60 +118.2%	-330	-546 -45.9%	-374 +34.8%
Financing
Stock buybacks	1,400 +7.7%	1,300 +1.0%	1,288 -0.9%	1,300 +0.0%	1,300 +0.1%	1,298 +1.5%	1,278 +15.8%	1,104 +10.9%	534 +14.6%	466 +55.4%
Financing cash flow	752 +171.0%	-1,060 +9.0%	-1,165 +0.3%	-1,168 -5.0%	-1,112 -2.4%	-1,086 +8.6%	-1,189 -57.4%	-755	-432 -9.6%	-394 -73.5%
Change in cash
Net change in cash	1,294 +4207.3%	-32 -109.2%	342 +550.2%	-76 -568.5%	16 +168.9%	-24 +3.7%	-24 -141.6%	59	—	—
Free cash flow	1,173 +14.1%	1,028 +0.9%	1,019 -5.3%	1,076 -9.4%	1,188 +4.1%	1,142 +5.9%	1,078 -4.3%	1,126	802 -4.7%	841 +14.3%
Per share
Free cash flow per share	10.67 +17.7%	9.07 +5.3%	8.61 +1.1%	8.52 -3.8%	8.86 +10.2%	8.04 +13.4%	7.09 +0.3%	7.07	4.02 -0.1%	4.02 +16.9%
Shareholder returns
Returned to shareholders	1,400	1,300	1,288	1,300	1,300	1,298	1,278	1,104	534	466
Share of free cash flow	119.37%	126.42%	126.32%	120.76%	109.39%	113.66%	118.51%	98.00%	66.63%	55.41%
Ratios
Free cash flow margin	43.03%	40.09%	42.21%	46.20%	54.83%	55.29%	54.06%	58.77%	57.51%	62.66%
Capital expenditures to revenue	0.98%	0.94%	0.77%	0.95%	0.73%	0.93%	1.30%	0.90%	0.69%	0.61%
Stock-based compensation to revenue	7.54%	5.84%	6.02%	5.64%	5.55%	5.45%	5.35%	4.66%	3.67%	3.37%
Cash conversion	1.13x	1.24x	1.24x	1.38x	1.48x	1.37x	1.34x	1.39x	1.24x	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry: Services-Prepackaged Software (SIC 7372)
Listed as: CHKP (Nasdaq)
Fiscal year ends: December 31
Headquarters: Tel Aviv, Israel
SEC filer status: Large accelerated filer
SEC CIK: 1015922

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.