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Side-by-side financial comparison of Claritev Corp (CTEV) 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 $246.6M, roughly 1.5× Claritev Corp). Perion Network Ltd. runs the higher net margin — 2.1% vs -32.7%, a 34.8% gap on every dollar of revenue. Claritev Corp produced more free cash flow last quarter ($36.4M vs $-2.9M). Over the past eight quarters, Perion Network Ltd.'s revenue compounded faster (16.4% CAGR vs 2.5%).

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...

CTEV vs PERI — Head-to-Head

Bigger by revenue
PERI
PERI
1.5× larger
PERI
$368.7M
$246.6M
CTEV
Higher net margin
PERI
PERI
34.8% more per $
PERI
2.1%
-32.7%
CTEV
More free cash flow
CTEV
CTEV
$39.2M more FCF
CTEV
$36.4M
$-2.9M
PERI
Faster 2-yr revenue CAGR
PERI
PERI
Annualised
PERI
16.4%
2.5%
CTEV

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CTEV
CTEV
PERI
PERI
Revenue
$246.6M
$368.7M
Net Profit
$-80.6M
$7.7M
Gross Margin
Operating Margin
-3.1%
2.0%
Net Margin
-32.7%
2.1%
Revenue YoY
6.2%
Net Profit YoY
41.6%
EPS (diluted)
$-4.88

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.

Revenue
CTEV
CTEV
PERI
PERI
Q4 25
$246.6M
Q3 25
$246.0M
$368.7M
Q2 25
$241.6M
$266.5M
Q1 25
$231.3M
$157.8M
Q4 24
$232.1M
Q3 24
$230.5M
$508.9M
Q2 24
$233.5M
$323.6M
Q1 24
$234.5M
$145.2M
Net Profit
CTEV
CTEV
PERI
PERI
Q4 25
$-80.6M
Q3 25
$-69.8M
$7.7M
Q2 25
$-62.6M
$5.6M
Q1 25
$-71.3M
$11.8M
Q4 24
$-138.0M
Q3 24
$-391.4M
$78.0M
Q2 24
$-576.7M
$45.2M
Q1 24
$-539.7M
$23.8M
Operating Margin
CTEV
CTEV
PERI
PERI
Q4 25
-3.1%
Q3 25
4.1%
2.0%
Q2 25
6.9%
-1.7%
Q1 25
4.2%
5.4%
Q4 24
-17.8%
Q3 24
-146.7%
15.1%
Q2 24
-224.4%
13.7%
Q1 24
-207.4%
16.9%
Net Margin
CTEV
CTEV
PERI
PERI
Q4 25
-32.7%
Q3 25
-28.4%
2.1%
Q2 25
-25.9%
2.1%
Q1 25
-30.8%
7.5%
Q4 24
-59.4%
Q3 24
-169.8%
15.3%
Q2 24
-247.0%
14.0%
Q1 24
-230.1%
16.4%
EPS (diluted)
CTEV
CTEV
PERI
PERI
Q4 25
$-4.88
Q3 25
$-4.23
Q2 25
$-3.81
Q1 25
$-4.38
Q4 24
$-8.49
Q3 24
$-24.25
Q2 24
$-35.78
Q1 24
$-33.40

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CTEV
CTEV
PERI
PERI
Cash + ST InvestmentsLiquidity on hand
$16.8M
$156.2M
Total DebtLower is stronger
$4.6B
Stockholders' EquityBook value
$-173.9M
$722.9M
Total Assets
$4.9B
$915.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTEV
CTEV
PERI
PERI
Q4 25
$16.8M
Q3 25
$39.2M
$156.2M
Q2 25
$56.4M
$156.2M
Q1 25
$23.1M
$156.2M
Q4 24
$16.8M
Q3 24
$86.6M
$187.6M
Q2 24
$48.8M
$187.6M
Q1 24
$58.7M
$187.6M
Total Debt
CTEV
CTEV
PERI
PERI
Q4 25
$4.6B
Q3 25
$4.5B
Q2 25
$4.5B
Q1 25
$4.5B
Q4 24
$4.5B
Q3 24
$4.5B
Q2 24
$4.5B
Q1 24
$4.5B
Stockholders' Equity
CTEV
CTEV
PERI
PERI
Q4 25
$-173.9M
Q3 25
$-101.8M
$722.9M
Q2 25
$-39.9M
$722.9M
Q1 25
$14.8M
$722.9M
Q4 24
$84.0M
Q3 24
$207.6M
$718.1M
Q2 24
$603.4M
$718.1M
Q1 24
$1.2B
$718.1M
Total Assets
CTEV
CTEV
PERI
PERI
Q4 25
$4.9B
Q3 25
$5.0B
$915.5M
Q2 25
$5.1B
$915.5M
Q1 25
$5.1B
$915.5M
Q4 24
$5.2B
Q3 24
$5.3B
$1.1B
Q2 24
$5.7B
$1.1B
Q1 24
$6.4B
$1.1B
Debt / Equity
CTEV
CTEV
PERI
PERI
Q4 25
Q3 25
Q2 25
Q1 25
304.87×
Q4 24
53.67×
Q3 24
21.73×
Q2 24
7.48×
Q1 24
3.85×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CTEV
CTEV
PERI
PERI
Operating Cash FlowLast quarter
$66.3M
$2.6M
Free Cash FlowOCF − Capex
$36.4M
$-2.9M
FCF MarginFCF / Revenue
14.8%
-0.8%
Capex IntensityCapex / Revenue
12.1%
1.5%
Cash ConversionOCF / Net Profit
0.34×
TTM Free Cash FlowTrailing 4 quarters
$-12.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTEV
CTEV
PERI
PERI
Q4 25
$66.3M
Q3 25
$19.9M
$2.6M
Q2 25
$61.2M
Q1 25
$-30.1M
Q4 24
$-33.4M
Q3 24
$72.8M
$105.2M
Q2 24
$18.5M
Q1 24
$49.7M
$17.8M
Free Cash Flow
CTEV
CTEV
PERI
PERI
Q4 25
$36.4M
Q3 25
$-16.3M
$-2.9M
Q2 25
$36.6M
Q1 25
$-68.9M
Q4 24
$-63.8M
Q3 24
$41.1M
$104.7M
Q2 24
$-7.0M
Q1 24
$19.2M
$17.6M
FCF Margin
CTEV
CTEV
PERI
PERI
Q4 25
14.8%
Q3 25
-6.6%
-0.8%
Q2 25
15.2%
Q1 25
-29.8%
Q4 24
-27.5%
Q3 24
17.8%
20.6%
Q2 24
-3.0%
Q1 24
8.2%
12.2%
Capex Intensity
CTEV
CTEV
PERI
PERI
Q4 25
12.1%
Q3 25
14.7%
1.5%
Q2 25
10.2%
Q1 25
16.8%
Q4 24
13.1%
Q3 24
13.8%
0.1%
Q2 24
10.9%
Q1 24
13.0%
0.1%
Cash Conversion
CTEV
CTEV
PERI
PERI
Q4 25
Q3 25
0.34×
Q2 25
Q1 25
Q4 24
Q3 24
1.35×
Q2 24
Q1 24
0.75×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CTEV
CTEV

Segment breakdown not available.

PERI
PERI

Advertising Solutions$231.4M63%
Search Advertising$137.3M37%

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