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Side-by-side financial comparison of ALGONQUIN POWER & UTILITIES CORP. (AQN) and Perion Network Ltd. (PERI). Click either name above to swap in a different company.
ALGONQUIN POWER & UTILITIES CORP. is the larger business by last-quarter revenue ($527.8M vs $368.7M, roughly 1.4× Perion Network Ltd.). ALGONQUIN POWER & UTILITIES CORP. runs the higher net margin — 4.6% vs 2.1%, a 2.5% gap on every dollar of revenue. ALGONQUIN POWER & UTILITIES CORP. produced more free cash flow last quarter ($64.1M vs $-2.9M).
Algonquin Power & Utilities Corp. is a Canadian regulated utility company with assets across North America, Bermuda, and Chile. Algonquin provides water, wastewater, natural gas, and electricity services through its operating subsidiaries: Liberty Utilities, its regulated utility business; Bermuda Electric Light Company, and Suralis in Chile.
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...
AQN vs PERI — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $527.8M | $368.7M |
| Net Profit | $24.1M | $7.7M |
| Gross Margin | 36.8% | — |
| Operating Margin | 12.3% | 2.0% |
| Net Margin | 4.6% | 2.1% |
| Revenue YoY | -11.8% | — |
| Net Profit YoY | -88.0% | — |
| EPS (diluted) | $0.02 | — |
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.
| Q3 25 | — | $368.7M | ||
| Q2 25 | $527.8M | $266.5M | ||
| Q1 25 | — | $157.8M | ||
| Q3 24 | — | $508.9M | ||
| Q2 24 | $598.6M | $323.6M | ||
| Q1 24 | — | $145.2M | ||
| Q3 23 | — | $430.6M | ||
| Q2 23 | $627.9M | $272.0M |
| Q3 25 | — | $7.7M | ||
| Q2 25 | $24.1M | $5.6M | ||
| Q1 25 | — | $11.8M | ||
| Q3 24 | — | $78.0M | ||
| Q2 24 | $200.8M | $45.2M | ||
| Q1 24 | — | $23.8M | ||
| Q3 23 | — | $60.5M | ||
| Q2 23 | $-253.2M | $35.0M |
| Q3 25 | — | — | ||
| Q2 25 | 36.8% | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 29.6% | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | 24.3% | — |
| Q3 25 | — | 2.0% | ||
| Q2 25 | 12.3% | -1.7% | ||
| Q1 25 | — | 5.4% | ||
| Q3 24 | — | 15.1% | ||
| Q2 24 | 13.7% | 13.7% | ||
| Q1 24 | — | 16.9% | ||
| Q3 23 | — | 15.8% | ||
| Q2 23 | 14.9% | 14.1% |
| Q3 25 | — | 2.1% | ||
| Q2 25 | 4.6% | 2.1% | ||
| Q1 25 | — | 7.5% | ||
| Q3 24 | — | 15.3% | ||
| Q2 24 | 33.5% | 14.0% | ||
| Q1 24 | — | 16.4% | ||
| Q3 23 | — | 14.1% | ||
| Q2 23 | -40.3% | 12.9% |
| Q3 25 | — | — | ||
| Q2 25 | $0.02 | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $0.03 | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | $-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 | $55.1M | $156.2M |
| Total DebtLower is stronger | $6.3B | — |
| Stockholders' EquityBook value | $4.7B | $722.9M |
| Total Assets | $3.6B | $915.5M |
| Debt / EquityLower = less leverage | 1.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $156.2M | ||
| Q2 25 | $55.1M | $156.2M | ||
| Q1 25 | — | $156.2M | ||
| Q3 24 | — | $187.6M | ||
| Q2 24 | $237.9M | $187.6M | ||
| Q1 24 | — | $187.6M | ||
| Q3 23 | — | $176.2M | ||
| Q2 23 | $403.6M | $411.2M |
| Q3 25 | — | — | ||
| Q2 25 | $6.3B | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $8.3B | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | $8.1B | — |
| Q3 25 | — | $722.9M | ||
| Q2 25 | $4.7B | $722.9M | ||
| Q1 25 | — | $722.9M | ||
| Q3 24 | — | $718.1M | ||
| Q2 24 | $6.2B | $718.1M | ||
| Q1 24 | — | $718.1M | ||
| Q3 23 | — | $583.1M | ||
| Q2 23 | $5.2B | $636.5M |
| Q3 25 | — | $915.5M | ||
| Q2 25 | $3.6B | $915.5M | ||
| Q1 25 | — | $915.5M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $3.1B | $1.1B | ||
| Q1 24 | — | $1.1B | ||
| Q3 23 | — | $870.2M | ||
| Q2 23 | $3.3B | $903.5M |
| Q3 25 | — | — | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.34× | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | 1.56× | — |
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 | $249.9M | $2.6M |
| Free Cash FlowOCF − Capex | $64.1M | $-2.9M |
| FCF MarginFCF / Revenue | 12.1% | -0.8% |
| Capex IntensityCapex / Revenue | 35.2% | 1.5% |
| Cash ConversionOCF / Net Profit | 10.37× | 0.34× |
| TTM Free Cash FlowTrailing 4 quarters | $-41.0K | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $2.6M | ||
| Q2 25 | $249.9M | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | $105.2M | ||
| Q2 24 | $236.2M | — | ||
| Q1 24 | — | $17.8M | ||
| Q3 23 | — | $83.9M | ||
| Q2 23 | $261.4M | $49.3M |
| Q3 25 | — | $-2.9M | ||
| Q2 25 | $64.1M | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | $104.7M | ||
| Q2 24 | $31.9M | — | ||
| Q1 24 | — | $17.6M | ||
| Q3 23 | — | $83.2M | ||
| Q2 23 | $16.2M | $48.8M |
| Q3 25 | — | -0.8% | ||
| Q2 25 | 12.1% | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | 5.3% | — | ||
| Q1 24 | — | 12.2% | ||
| Q3 23 | — | 19.3% | ||
| Q2 23 | 2.6% | 18.0% |
| Q3 25 | — | 1.5% | ||
| Q2 25 | 35.2% | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | 34.1% | — | ||
| Q1 24 | — | 0.1% | ||
| Q3 23 | — | 0.2% | ||
| Q2 23 | 39.1% | 0.2% |
| Q3 25 | — | 0.34× | ||
| Q2 25 | 10.37× | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | 1.18× | — | ||
| Q1 24 | — | 0.75× | ||
| Q3 23 | — | 1.39× | ||
| Q2 23 | — | 1.41× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AQN
Segment breakdown not available.
PERI
| Advertising Solutions | $231.4M | 63% |
| Search Advertising | $137.3M | 37% |
