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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) 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 $233.0M, roughly 1.6× CSW INDUSTRIALS, INC.). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs 2.1%, a 2.3% gap on every dollar of revenue. CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $-2.9M). Over the past eight quarters, Perion Network Ltd.'s revenue compounded faster (16.4% CAGR vs 5.1%).
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...
CSW vs PERI — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $368.7M |
| Net Profit | $10.3M | $7.7M |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | 2.0% |
| Net Margin | 4.4% | 2.1% |
| Revenue YoY | 20.3% | — |
| Net Profit YoY | -61.9% | — |
| EPS (diluted) | $0.62 | — |
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 | $233.0M | — | ||
| Q3 25 | $277.0M | $368.7M | ||
| Q2 25 | $263.6M | $266.5M | ||
| Q1 25 | $230.5M | $157.8M | ||
| Q4 24 | $193.6M | — | ||
| Q3 24 | $227.9M | $508.9M | ||
| Q2 24 | $226.2M | $323.6M | ||
| Q1 24 | $210.9M | $145.2M |
| Q4 25 | $10.3M | — | ||
| Q3 25 | $40.7M | $7.7M | ||
| Q2 25 | $40.9M | $5.6M | ||
| Q1 25 | $35.1M | $11.8M | ||
| Q4 24 | $26.9M | — | ||
| Q3 24 | $36.1M | $78.0M | ||
| Q2 24 | $38.6M | $45.2M | ||
| Q1 24 | $31.8M | $23.8M |
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.0% | — | ||
| Q2 25 | 43.8% | — | ||
| Q1 25 | 44.2% | — | ||
| Q4 24 | 41.4% | — | ||
| Q3 24 | 45.6% | — | ||
| Q2 24 | 47.5% | — | ||
| Q1 24 | 44.4% | — |
| Q4 25 | 7.4% | — | ||
| Q3 25 | 20.5% | 2.0% | ||
| Q2 25 | 20.8% | -1.7% | ||
| Q1 25 | 19.5% | 5.4% | ||
| Q4 24 | 15.3% | — | ||
| Q3 24 | 22.6% | 15.1% | ||
| Q2 24 | 24.3% | 13.7% | ||
| Q1 24 | 21.0% | 16.9% |
| Q4 25 | 4.4% | — | ||
| Q3 25 | 14.7% | 2.1% | ||
| Q2 25 | 15.5% | 2.1% | ||
| Q1 25 | 15.2% | 7.5% | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 15.8% | 15.3% | ||
| Q2 24 | 17.1% | 14.0% | ||
| Q1 24 | 15.1% | 16.4% |
| Q4 25 | $0.62 | — | ||
| Q3 25 | $2.41 | — | ||
| Q2 25 | $2.43 | — | ||
| Q1 25 | $2.05 | — | ||
| Q4 24 | $1.60 | — | ||
| Q3 24 | $2.26 | — | ||
| Q2 24 | $2.47 | — | ||
| Q1 24 | $2.03 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $40.2M | $156.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $722.9M |
| Total Assets | $2.3B | $915.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | — | ||
| Q3 25 | $31.5M | $156.2M | ||
| Q2 25 | $38.0M | $156.2M | ||
| Q1 25 | $225.8M | $156.2M | ||
| Q4 24 | $213.8M | — | ||
| Q3 24 | $273.2M | $187.6M | ||
| Q2 24 | $18.9M | $187.6M | ||
| Q1 24 | $22.2M | $187.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $722.9M | ||
| Q2 25 | $1.1B | $722.9M | ||
| Q1 25 | $1.1B | $722.9M | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | $718.1M | ||
| Q2 24 | $650.2M | $718.1M | ||
| Q1 24 | $615.7M | $718.1M |
| Q4 25 | $2.3B | — | ||
| Q3 25 | $1.5B | $915.5M | ||
| Q2 25 | $1.5B | $915.5M | ||
| Q1 25 | $1.4B | $915.5M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $1.0B | $1.1B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.27× | — |
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 | $28.9M | $2.6M |
| Free Cash FlowOCF − Capex | $22.7M | $-2.9M |
| FCF MarginFCF / Revenue | 9.8% | -0.8% |
| Capex IntensityCapex / Revenue | 2.6% | 1.5% |
| Cash ConversionOCF / Net Profit | 2.81× | 0.34× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | — | ||
| Q3 25 | $61.8M | $2.6M | ||
| Q2 25 | $60.6M | — | ||
| Q1 25 | $27.3M | — | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $66.8M | $105.2M | ||
| Q2 24 | $62.7M | — | ||
| Q1 24 | $22.4M | $17.8M |
| Q4 25 | $22.7M | — | ||
| Q3 25 | $58.7M | $-2.9M | ||
| Q2 25 | $57.7M | — | ||
| Q1 25 | $22.8M | — | ||
| Q4 24 | $8.5M | — | ||
| Q3 24 | $61.3M | $104.7M | ||
| Q2 24 | $59.6M | — | ||
| Q1 24 | $17.5M | $17.6M |
| Q4 25 | 9.8% | — | ||
| Q3 25 | 21.2% | -0.8% | ||
| Q2 25 | 21.9% | — | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 26.9% | 20.6% | ||
| Q2 24 | 26.3% | — | ||
| Q1 24 | 8.3% | 12.2% |
| Q4 25 | 2.6% | — | ||
| Q3 25 | 1.1% | 1.5% | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 2.4% | 0.1% | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 2.3% | 0.1% |
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | 0.34× | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | 1.35× | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 0.71× | 0.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
PERI
| Advertising Solutions | $231.4M | 63% |
| Search Advertising | $137.3M | 37% |
