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Side-by-side financial comparison of Essex Property Trust (ESS) and Perion Network Ltd. (PERI). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $368.7M, roughly 1.3× Perion Network Ltd.). Essex Property Trust runs the higher net margin — 17.9% vs 2.1%, a 15.8% gap on every dollar of revenue. Over the past eight quarters, Perion Network Ltd.'s revenue compounded faster (16.4% CAGR vs 6.0%).
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
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...
ESS vs PERI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $368.7M |
| Net Profit | $85.7M | $7.7M |
| Gross Margin | 70.0% | — |
| Operating Margin | 31.7% | 2.0% |
| Net Margin | 17.9% | 2.1% |
| Revenue YoY | 5.5% | — |
| Net Profit YoY | -71.6% | — |
| EPS (diluted) | $1.24 | — |
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 | $479.6M | — | ||
| Q3 25 | $473.3M | $368.7M | ||
| Q2 25 | $469.8M | $266.5M | ||
| Q1 25 | $464.6M | $157.8M | ||
| Q4 24 | $454.5M | — | ||
| Q3 24 | $450.7M | $508.9M | ||
| Q2 24 | $442.4M | $323.6M | ||
| Q1 24 | $426.9M | $145.2M |
| Q4 25 | $85.7M | — | ||
| Q3 25 | $172.7M | $7.7M | ||
| Q2 25 | $231.5M | $5.6M | ||
| Q1 25 | $212.8M | $11.8M | ||
| Q4 24 | $301.7M | — | ||
| Q3 24 | $125.5M | $78.0M | ||
| Q2 24 | $99.0M | $45.2M | ||
| Q1 24 | $285.1M | $23.8M |
| Q4 25 | 70.0% | — | ||
| Q3 25 | 69.2% | — | ||
| Q2 25 | 70.7% | — | ||
| Q1 25 | 69.6% | — | ||
| Q4 24 | 70.0% | — | ||
| Q3 24 | 69.5% | — | ||
| Q2 24 | 70.8% | — | ||
| Q1 24 | 69.7% | — |
| Q4 25 | 31.7% | — | ||
| Q3 25 | 44.5% | 2.0% | ||
| Q2 25 | 59.5% | -1.7% | ||
| Q1 25 | 55.3% | 5.4% | ||
| Q4 24 | 67.0% | — | ||
| Q3 24 | 28.6% | 15.1% | ||
| Q2 24 | 31.1% | 13.7% | ||
| Q1 24 | 31.0% | 16.9% |
| Q4 25 | 17.9% | — | ||
| Q3 25 | 36.5% | 2.1% | ||
| Q2 25 | 49.3% | 2.1% | ||
| Q1 25 | 45.8% | 7.5% | ||
| Q4 24 | 66.4% | — | ||
| Q3 24 | 27.8% | 15.3% | ||
| Q2 24 | 22.4% | 14.0% | ||
| Q1 24 | 66.8% | 16.4% |
| Q4 25 | $1.24 | — | ||
| Q3 25 | $2.56 | — | ||
| Q2 25 | $3.44 | — | ||
| Q1 25 | $3.16 | — | ||
| Q4 24 | $4.00 | — | ||
| Q3 24 | $1.84 | — | ||
| Q2 24 | $1.45 | — | ||
| Q1 24 | $4.25 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $76.2M | $156.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $722.9M |
| Total Assets | $13.2B | $915.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | — | ||
| Q3 25 | $66.0M | $156.2M | ||
| Q2 25 | $58.7M | $156.2M | ||
| Q1 25 | $98.7M | $156.2M | ||
| Q4 24 | $66.8M | — | ||
| Q3 24 | $71.3M | $187.6M | ||
| Q2 24 | $55.2M | $187.6M | ||
| Q1 24 | $499.0M | $187.6M |
| Q4 25 | — | — | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $6.6B | — |
| Q4 25 | $5.5B | — | ||
| Q3 25 | $5.6B | $722.9M | ||
| Q2 25 | $5.6B | $722.9M | ||
| Q1 25 | $5.6B | $722.9M | ||
| Q4 24 | $5.5B | — | ||
| Q3 24 | $5.4B | $718.1M | ||
| Q2 24 | $5.5B | $718.1M | ||
| Q1 24 | $5.5B | $718.1M |
| Q4 25 | $13.2B | — | ||
| Q3 25 | $13.2B | $915.5M | ||
| Q2 25 | $13.2B | $915.5M | ||
| Q1 25 | $13.2B | $915.5M | ||
| Q4 24 | $12.9B | — | ||
| Q3 24 | $12.6B | $1.1B | ||
| Q2 24 | $12.5B | $1.1B | ||
| Q1 24 | $12.9B | $1.1B |
| Q4 25 | — | — | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | 1.13× | — | ||
| Q1 24 | 1.19× | — |
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 | $1.1B | $2.6M |
| Free Cash FlowOCF − Capex | — | $-2.9M |
| FCF MarginFCF / Revenue | — | -0.8% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 12.53× | 0.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | — | ||
| Q3 25 | $342.6M | $2.6M | ||
| Q2 25 | $216.1M | — | ||
| Q1 25 | $281.5M | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $316.2M | $105.2M | ||
| Q2 24 | $218.9M | — | ||
| Q1 24 | $314.9M | $17.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-2.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $104.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $17.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | -0.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 12.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 12.53× | — | ||
| Q3 25 | 1.98× | 0.34× | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 2.52× | 1.35× | ||
| Q2 24 | 2.21× | — | ||
| Q1 24 | 1.10× | 0.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESS
Segment breakdown not available.
PERI
| Advertising Solutions | $231.4M | 63% |
| Search Advertising | $137.3M | 37% |
