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Side-by-side financial comparison of ESAB Corp (ESAB) and Perion Network Ltd. (PERI). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $368.7M, roughly 2.0× Perion Network Ltd.). ESAB Corp runs the higher net margin — 7.5% vs 2.1%, a 5.5% gap on every dollar of revenue. ESAB Corp produced more free cash flow last quarter ($70.3M vs $-2.9M). Over the past eight quarters, Perion Network Ltd.'s revenue compounded faster (16.4% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
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...
ESAB vs PERI — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $368.7M |
| Net Profit | $54.8M | $7.7M |
| Gross Margin | 37.0% | — |
| Operating Margin | 14.6% | 2.0% |
| Net Margin | 7.5% | 2.1% |
| Revenue YoY | 8.5% | — |
| Net Profit YoY | 2.1% | — |
| EPS (diluted) | $0.90 | — |
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 | $727.8M | — | ||
| Q3 25 | $715.6M | $368.7M | ||
| Q2 25 | $678.1M | $266.5M | ||
| Q1 25 | — | $157.8M | ||
| Q4 24 | $670.8M | — | ||
| Q3 24 | $673.3M | $508.9M | ||
| Q2 24 | $707.1M | $323.6M | ||
| Q1 24 | $689.7M | $145.2M |
| Q4 25 | $54.8M | — | ||
| Q3 25 | $66.9M | $7.7M | ||
| Q2 25 | $67.4M | $5.6M | ||
| Q1 25 | — | $11.8M | ||
| Q4 24 | $53.7M | — | ||
| Q3 24 | $68.2M | $78.0M | ||
| Q2 24 | $82.9M | $45.2M | ||
| Q1 24 | $60.0M | $23.8M |
| Q4 25 | 37.0% | — | ||
| Q3 25 | 37.2% | — | ||
| Q2 25 | 37.6% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 38.5% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 38.2% | — | ||
| Q1 24 | 37.0% | — |
| Q4 25 | 14.6% | — | ||
| Q3 25 | 15.2% | 2.0% | ||
| Q2 25 | 16.2% | -1.7% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | 16.6% | — | ||
| Q3 24 | 15.7% | 15.1% | ||
| Q2 24 | 16.9% | 13.7% | ||
| Q1 24 | 16.0% | 16.9% |
| Q4 25 | 7.5% | — | ||
| Q3 25 | 9.3% | 2.1% | ||
| Q2 25 | 9.9% | 2.1% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 10.1% | 15.3% | ||
| Q2 24 | 11.7% | 14.0% | ||
| Q1 24 | 8.7% | 16.4% |
| Q4 25 | $0.90 | — | ||
| Q3 25 | $1.09 | — | ||
| Q2 25 | $1.10 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0.87 | — | ||
| Q3 24 | $1.11 | — | ||
| Q2 24 | $1.35 | — | ||
| Q1 24 | $0.98 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $218.2M | $156.2M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $2.1B | $722.9M |
| Total Assets | $4.9B | $915.5M |
| Debt / EquityLower = less leverage | 0.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | — | ||
| Q3 25 | $258.2M | $156.2M | ||
| Q2 25 | $291.3M | $156.2M | ||
| Q1 25 | — | $156.2M | ||
| Q4 24 | $249.4M | — | ||
| Q3 24 | $253.7M | $187.6M | ||
| Q2 24 | $228.5M | $187.6M | ||
| Q1 24 | $76.5M | $187.6M |
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $992.8M | — |
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | $722.9M | ||
| Q2 25 | $1.9B | $722.9M | ||
| Q1 25 | — | $722.9M | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | $718.1M | ||
| Q2 24 | $1.7B | $718.1M | ||
| Q1 24 | $1.6B | $718.1M |
| Q4 25 | $4.9B | — | ||
| Q3 25 | $4.4B | $915.5M | ||
| Q2 25 | $4.2B | $915.5M | ||
| Q1 25 | — | $915.5M | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $4.1B | $1.1B | ||
| Q2 24 | $4.0B | $1.1B | ||
| Q1 24 | $3.8B | $1.1B |
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.60× | — | ||
| Q3 24 | 0.59× | — | ||
| Q2 24 | 0.63× | — | ||
| Q1 24 | 0.61× | — |
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 | $81.5M | $2.6M |
| Free Cash FlowOCF − Capex | $70.3M | $-2.9M |
| FCF MarginFCF / Revenue | 9.7% | -0.8% |
| Capex IntensityCapex / Revenue | 1.5% | 1.5% |
| Cash ConversionOCF / Net Profit | 1.49× | 0.34× |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.5M | — | ||
| Q3 25 | $46.6M | $2.6M | ||
| Q2 25 | $35.4M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $126.9M | — | ||
| Q3 24 | $101.0M | $105.2M | ||
| Q2 24 | $83.0M | — | ||
| Q1 24 | $44.5M | $17.8M |
| Q4 25 | $70.3M | — | ||
| Q3 25 | $37.4M | $-2.9M | ||
| Q2 25 | $28.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $102.2M | — | ||
| Q3 24 | $90.4M | $104.7M | ||
| Q2 24 | $74.0M | — | ||
| Q1 24 | $37.1M | $17.6M |
| Q4 25 | 9.7% | — | ||
| Q3 25 | 5.2% | -0.8% | ||
| Q2 25 | 4.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 15.2% | — | ||
| Q3 24 | 13.4% | 20.6% | ||
| Q2 24 | 10.5% | — | ||
| Q1 24 | 5.4% | 12.2% |
| Q4 25 | 1.5% | — | ||
| Q3 25 | 1.3% | 1.5% | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 1.6% | 0.1% | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 1.1% | 0.1% |
| Q4 25 | 1.49× | — | ||
| Q3 25 | 0.70× | 0.34× | ||
| Q2 25 | 0.53× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.36× | — | ||
| Q3 24 | 1.48× | 1.35× | ||
| Q2 24 | 1.00× | — | ||
| Q1 24 | 0.74× | 0.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
PERI
| Advertising Solutions | $231.4M | 63% |
| Search Advertising | $137.3M | 37% |
