vs
Side-by-side financial comparison of Andersons, Inc. (ANDE) and Perion Network Ltd. (PERI). Click either name above to swap in a different company.
Perion Network Ltd. is the larger business by last-quarter revenue ($368.7M vs $329.5M, roughly 1.1× Andersons, Inc.). Andersons, Inc. runs the higher net margin — 20.5% vs 2.1%, a 18.4% gap on every dollar of revenue. Perion Network Ltd. produced more free cash flow last quarter ($-2.9M vs $-77.1M). Over the past eight quarters, Perion Network Ltd.'s revenue compounded faster (16.4% CAGR vs -1.8%).
The Andersons, Inc. is an American agribusiness established in 1947, that began as Andersons Truck Terminal (ATT) in the 1940s for the grain industry, headquartered in Maumee, Ohio. It is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and plant nutrient sectors.
Perion Network Ltd. is a publicly traded advertising technology company that provides digital advertising technology solutions to advertisers, agencies, retailers, and publishers. Its core offerings are delivered through Perion One, a unified omnichannel advertising platform designed to support campaign planning, activation, optimisation, and measurement across channels and verticals including connected television (CTV), digital out-of-home (DOOH), display, video advertising, as well as retai...
ANDE vs PERI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $368.7M |
| Net Profit | $67.4M | $7.7M |
| Gross Margin | 70.3% | — |
| Operating Margin | 26.6% | 2.0% |
| Net Margin | 20.5% | 2.1% |
| Revenue YoY | -2.4% | — |
| Net Profit YoY | 49.6% | — |
| EPS (diluted) | — | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $329.5M | — | ||
| Q3 25 | $295.8M | $368.7M | ||
| Q2 25 | $535.0M | $266.5M | ||
| Q1 25 | $370.8M | $157.8M | ||
| Q4 24 | $337.5M | — | ||
| Q3 24 | $231.9M | $508.9M | ||
| Q2 24 | $492.5M | $323.6M | ||
| Q1 24 | $341.4M | $145.2M |
| Q4 25 | $67.4M | — | ||
| Q3 25 | $20.1M | $7.7M | ||
| Q2 25 | $7.9M | $5.6M | ||
| Q1 25 | $284.0K | $11.8M | ||
| Q4 24 | $45.1M | — | ||
| Q3 24 | $27.4M | $78.0M | ||
| Q2 24 | $36.0M | $45.2M | ||
| Q1 24 | $5.6M | $23.8M |
| Q4 25 | 70.3% | — | ||
| Q3 25 | 57.8% | — | ||
| Q2 25 | 29.6% | — | ||
| Q1 25 | 41.2% | — | ||
| Q4 24 | 63.1% | — | ||
| Q3 24 | 76.4% | — | ||
| Q2 24 | 35.6% | — | ||
| Q1 24 | 37.6% | — |
| Q4 25 | 26.6% | — | ||
| Q3 25 | 8.7% | 2.0% | ||
| Q2 25 | 4.6% | -1.7% | ||
| Q1 25 | 0.9% | 5.4% | ||
| Q4 24 | 19.9% | — | ||
| Q3 24 | 26.8% | 15.1% | ||
| Q2 24 | 11.6% | 13.7% | ||
| Q1 24 | 4.1% | 16.9% |
| Q4 25 | 20.5% | — | ||
| Q3 25 | 6.8% | 2.1% | ||
| Q2 25 | 1.5% | 2.1% | ||
| Q1 25 | 0.1% | 7.5% | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 11.8% | 15.3% | ||
| Q2 24 | 7.3% | 14.0% | ||
| Q1 24 | 1.6% | 16.4% |
| Q4 25 | — | — | ||
| Q3 25 | $0.59 | — | ||
| Q2 25 | $0.23 | — | ||
| Q1 25 | $0.01 | — | ||
| Q4 24 | $1.31 | — | ||
| Q3 24 | $0.80 | — | ||
| Q2 24 | $1.05 | — | ||
| Q1 24 | $0.16 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $98.3M | $156.2M |
| Total DebtLower is stronger | $560.0M | — |
| Stockholders' EquityBook value | $1.2B | $722.9M |
| Total Assets | $3.7B | $915.5M |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | — | ||
| Q3 25 | — | $156.2M | ||
| Q2 25 | — | $156.2M | ||
| Q1 25 | — | $156.2M | ||
| Q4 24 | $561.8M | — | ||
| Q3 24 | — | $187.6M | ||
| Q2 24 | — | $187.6M | ||
| Q1 24 | — | $187.6M |
| Q4 25 | $560.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $608.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $722.9M | ||
| Q2 25 | $1.4B | $722.9M | ||
| Q1 25 | $1.4B | $722.9M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | $718.1M | ||
| Q2 24 | $1.3B | $718.1M | ||
| Q1 24 | $1.3B | $718.1M |
| Q4 25 | $3.7B | — | ||
| Q3 25 | $3.3B | $915.5M | ||
| Q2 25 | $3.4B | $915.5M | ||
| Q1 25 | $3.8B | $915.5M | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $3.4B | $1.1B | ||
| Q2 24 | $3.3B | $1.1B | ||
| Q1 24 | $3.3B | $1.1B |
| Q4 25 | 0.45× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.45× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-6.2M | $2.6M |
| Free Cash FlowOCF − Capex | $-77.1M | $-2.9M |
| FCF MarginFCF / Revenue | -23.4% | -0.8% |
| Capex IntensityCapex / Revenue | 21.5% | 1.5% |
| Cash ConversionOCF / Net Profit | -0.09× | 0.34× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | — | ||
| Q3 25 | $233.9M | $2.6M | ||
| Q2 25 | $299.3M | — | ||
| Q1 25 | $-350.0M | — | ||
| Q4 24 | $268.8M | — | ||
| Q3 24 | $-2.1M | $105.2M | ||
| Q2 24 | $304.4M | — | ||
| Q1 24 | $-239.6M | $17.8M |
| Q4 25 | $-77.1M | — | ||
| Q3 25 | $167.0M | $-2.9M | ||
| Q2 25 | $250.5M | — | ||
| Q1 25 | $-396.6M | — | ||
| Q4 24 | $212.9M | — | ||
| Q3 24 | $-40.0M | $104.7M | ||
| Q2 24 | $275.8M | — | ||
| Q1 24 | $-266.4M | $17.6M |
| Q4 25 | -23.4% | — | ||
| Q3 25 | 56.5% | -0.8% | ||
| Q2 25 | 46.8% | — | ||
| Q1 25 | -106.9% | — | ||
| Q4 24 | 63.1% | — | ||
| Q3 24 | -17.2% | 20.6% | ||
| Q2 24 | 56.0% | — | ||
| Q1 24 | -78.0% | 12.2% |
| Q4 25 | 21.5% | — | ||
| Q3 25 | 22.6% | 1.5% | ||
| Q2 25 | 9.1% | — | ||
| Q1 25 | 12.6% | — | ||
| Q4 24 | 16.6% | — | ||
| Q3 24 | 16.3% | 0.1% | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | 7.8% | 0.1% |
| Q4 25 | -0.09× | — | ||
| Q3 25 | 11.61× | 0.34× | ||
| Q2 25 | 38.10× | — | ||
| Q1 25 | -1232.46× | — | ||
| Q4 24 | 5.96× | — | ||
| Q3 24 | -0.08× | 1.35× | ||
| Q2 24 | 8.46× | — | ||
| Q1 24 | -42.94× | 0.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
PERI
| Advertising Solutions | $231.4M | 63% |
| Search Advertising | $137.3M | 37% |
