Revenue Growth Benchmarks
Top-line performance metrics of companies across industries and countries
Leading Global Cybersecurity Companies
Over the past 5 years, the leading global cyber security companies registered a CAGR of ~19% with increased demand during COVID for securing remote work environments. However, the sector growth was impeded by decline in sales for companies such as F5 Inc., Check Point, and Telos as enterprises restricted budget spending coupled with longer sales cycles.
[ 1: LTM Sales in USD Biliion | Red Shading: Companies with < 8% growth in period | Green Shading: Top 5 companies by growth rank in period ]
| Company | HQ | Curr. | Latest | LTM | year-on-year % | cagr | growth rank | ||||||||||||
| FQ | Sales1 | 3m | 6m | 9m | ltm | 1y | 2y | 3y | 5y | 6m | LTM | 3ycagr | 5ycagr | ||||||
| Palo Alto Networks Inc | USA | USD | 2024-01 | 7.53 | 19.3% | 19.7% | 21.8% | 22.3% | 25.3% | 27.3% | 26.5% | 24.8% | 7 | 6 | 7 | 7 | |||
| Fortinet Inc | USA | USD | 2023-12 | 5.30 | 10.3% | 13.0% | 16.7% | 20.1% | 20.1% | 26.0% | 26.9% | 24.1% | 10 | 9 | 6 | 9 | |||
| Gen Digital Inc | USA | USD | 2023-12 | 3.79 | 1.6% | 12.8% | 19.0% | 22.0% | 19.4% | 14.4% | 10.3% | 5.5% | 11 | 7 | 16 | 14 | |||
| CrowdStrike Holdings Inc | USA | USD | 2024-01 | 3.06 | 32.6% | 33.9% | 34.8% | 36.3% | 36.3% | 45.1% | 51.7% | 65.0% | 3 | 3 | 3 | 1 | |||
| F5 Inc | USA | USD | 2023-12 | 2.81 | -1.1% | -0.1% | 1.3% | 3.6% | 4.4% | 4.0% | 6.2% | 5.4% | 20 | 20 | 17 | 15 | |||
| Check Point Software Technologies Ltd | ISR | USD | 2023-12 | 2.41 | 3.9% | 3.6% | 3.4% | 3.6% | 3.6% | 5.6% | 5.4% | 4.7% | 19 | 19 | 19 | 16 | |||
| Okta Inc | USA | USD | 2024-01 | 2.26 | 18.6% | 20.0% | 20.9% | 21.8% | 21.8% | 31.9% | 39.4% | 41.5% | 6 | 8 | 5 | 4 | |||
| Zscaler Inc | USA | USD | 2024-01 | 1.90 | 35.4% | 37.5% | 39.2% | 40.6% | 48.2% | 55.0% | 55.4% | 53.4% | 2 | 2 | 2 | 2 | |||
| Trend Micro Inc | JPN | JPY | 2023-12 | 1.77 | 5.3% | 9.0% | 9.6% | 11.1% | 11.1% | 14.3% | 12.6% | 9.2% | 16 | 15 | 15 | 13 | |||
| Akamai Technologies Inc | USA | USD | 2023-12 | 1.69 | 20.1% | 16.9% | 13.4% | 12.5% | 15.5% | 20.5% | 22.0% | na | 8 | 14 | 10 | - | |||
| Cloudflare Inc | USA | USD | 2023-12 | 1.30 | 32.0% | 32.1% | 31.9% | 33.0% | 33.0% | 40.6% | 44.4% | 46.4% | 4 | 4 | 4 | 3 | |||
| CommVault Systems Inc | USA | USD | 2023-12 | 0.82 | 11.1% | 9.1% | 6.0% | 4.1% | 1.9% | 4.1% | 5.4% | 2.3% | 15 | 18 | 18 | 17 | |||
| Tenable Holdings Inc | USA | USD | 2023-12 | 0.80 | 15.5% | 15.4% | 16.4% | 16.9% | 16.9% | 21.5% | 22.0% | 24.5% | 9 | 10 | 11 | 8 | |||
| Rapid7 Inc | USA | USD | 2023-12 | 0.78 | 11.3% | 12.2% | 12.7% | 13.5% | 13.5% | 20.5% | 23.6% | 26.1% | 13 | 12 | 9 | 6 | |||
| CyberArk Software Ltd | ISR | USD | 2023-12 | 0.75 | 31.9% | 28.7% | 27.2% | 27.1% | 27.1% | 22.3% | 17.4% | 17.0% | 5 | 5 | 13 | 10 | |||
| SentinelOne Inc | USA | USD | 2023-10 | 0.57 | 42.4% | 44.0% | 51.0% | 58.4% | 106.1% | 113.0% | 108.7% | na | 1 | 1 | 1 | - | |||
| Qualys Inc | USA | USD | 2023-12 | 0.55 | 10.5% | 11.8% | 12.6% | 13.2% | 13.2% | 16.1% | 15.2% | 14.7% | 14 | 13 | 14 | 11 | |||
| Varonis Systems Inc | USA | USD | 2023-12 | 0.50 | 8.1% | 3.9% | 3.8% | 5.4% | 5.4% | 13.1% | 19.5% | 13.1% | 18 | 17 | 12 | 12 | |||
| PagerDuty Inc | USA | USD | 2024-01 | 0.43 | 10.1% | 12.6% | 14.7% | 16.2% | 16.2% | 23.7% | 26.3% | 29.6% | 12 | 11 | 8 | 5 | |||
| Radware Ltd | ISR | USD | 2023-12 | 0.26 | -12.2% | -12.4% | -12.5% | -11.0% | -11.0% | -4.5% | 1.5% | 2.2% | 21 | 22 | 22 | 18 | |||
| A10 Networks Inc | USA | USD | 2023-12 | 0.25 | -9.3% | -14.4% | -10.9% | -10.2% | -10.2% | 0.3% | 3.7% | 1.6% | 22 | 21 | 20 | 20 | |||
| OneSpan Inc | USA | USD | 2023-12 | 0.24 | 11.1% | 7.0% | 6.6% | 7.4% | 7.4% | 4.7% | 2.9% | 2.2% | 17 | 16 | 21 | 19 | |||
| Telos Corp | USA | USD | 2023-12 | 0.15 | -13.3% | -30.4% | -33.9% | -33.0% | -33.0% | -22.6% | -6.9% | 1.0% | 23 | 23 | 23 | 21 | |||
| Source: Annual Filings, Company Website | |||||||||||||||||||
| Notes: Akamai Technologies - only Security Segment revenues considered | |||||||||||||||||||