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Side-by-side financial comparison of EZCORP INC (EZPW) and Perion Network Ltd. (PERI). Click either name above to swap in a different company.
EZCORP INC is the larger business by last-quarter revenue ($382.0M vs $368.7M, roughly 1.0× Perion Network Ltd.). EZCORP INC runs the higher net margin — 11.6% vs 2.1%, a 9.5% gap on every dollar of revenue. EZCORP INC produced more free cash flow last quarter ($31.7M vs $-2.9M). Over the past eight quarters, Perion Network Ltd.'s revenue compounded faster (16.4% CAGR vs 15.6%).
EZCORP, Inc. is an American pawn shop operator based in Austin, Texas which provides services across the United States and Latin America. It is a publicly traded company listed on the NASDAQ stock exchange and is the second largest pawn shop operator in the U.S. after Cash America International.
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...
EZPW vs PERI — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $382.0M | $368.7M |
| Net Profit | $44.3M | $7.7M |
| Gross Margin | 58.4% | — |
| Operating Margin | 15.9% | 2.0% |
| Net Margin | 11.6% | 2.1% |
| Revenue YoY | 19.3% | — |
| Net Profit YoY | 42.8% | — |
| EPS (diluted) | $0.55 | — |
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 | $382.0M | — | ||
| Q3 25 | $336.8M | $368.7M | ||
| Q2 25 | $311.0M | $266.5M | ||
| Q1 25 | $306.3M | $157.8M | ||
| Q4 24 | $320.2M | — | ||
| Q3 24 | $294.6M | $508.9M | ||
| Q2 24 | $281.4M | $323.6M | ||
| Q1 24 | $285.6M | $145.2M |
| Q4 25 | $44.3M | — | ||
| Q3 25 | $26.7M | $7.7M | ||
| Q2 25 | $26.5M | $5.6M | ||
| Q1 25 | $25.4M | $11.8M | ||
| Q4 24 | $31.0M | — | ||
| Q3 24 | $15.2M | $78.0M | ||
| Q2 24 | $17.9M | $45.2M | ||
| Q1 24 | $21.5M | $23.8M |
| Q4 25 | 58.4% | — | ||
| Q3 25 | 59.0% | — | ||
| Q2 25 | 59.1% | — | ||
| Q1 25 | 58.3% | — | ||
| Q4 24 | 57.9% | — | ||
| Q3 24 | 59.5% | — | ||
| Q2 24 | 59.2% | — | ||
| Q1 24 | 58.7% | — |
| Q4 25 | 15.9% | — | ||
| Q3 25 | 11.0% | 2.0% | ||
| Q2 25 | 11.6% | -1.7% | ||
| Q1 25 | 11.2% | 5.4% | ||
| Q4 24 | 13.1% | — | ||
| Q3 24 | 8.8% | 15.1% | ||
| Q2 24 | 7.9% | 13.7% | ||
| Q1 24 | 9.6% | 16.9% |
| Q4 25 | 11.6% | — | ||
| Q3 25 | 7.9% | 2.1% | ||
| Q2 25 | 8.5% | 2.1% | ||
| Q1 25 | 8.3% | 7.5% | ||
| Q4 24 | 9.7% | — | ||
| Q3 24 | 5.2% | 15.3% | ||
| Q2 24 | 6.4% | 14.0% | ||
| Q1 24 | 7.5% | 16.4% |
| Q4 25 | $0.55 | — | ||
| Q3 25 | $0.35 | — | ||
| Q2 25 | $0.34 | — | ||
| Q1 25 | $0.33 | — | ||
| Q4 24 | $0.40 | — | ||
| Q3 24 | $0.20 | — | ||
| Q2 24 | $0.25 | — | ||
| Q1 24 | $0.29 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $465.9M | $156.2M |
| Total DebtLower is stronger | $518.6M | — |
| Stockholders' EquityBook value | $1.1B | $722.9M |
| Total Assets | $2.0B | $915.5M |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $465.9M | — | ||
| Q3 25 | $469.5M | $156.2M | ||
| Q2 25 | $472.1M | $156.2M | ||
| Q1 25 | $505.2M | $156.2M | ||
| Q4 24 | $174.5M | — | ||
| Q3 24 | $170.5M | $187.6M | ||
| Q2 24 | $218.0M | $187.6M | ||
| Q1 24 | $229.1M | $187.6M |
| Q4 25 | $518.6M | — | ||
| Q3 25 | $518.1M | — | ||
| Q2 25 | $517.6M | — | ||
| Q1 25 | $620.5M | — | ||
| Q4 24 | $327.7M | — | ||
| Q3 24 | $327.3M | — | ||
| Q2 24 | $361.3M | — | ||
| Q1 24 | $360.9M | — |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.0B | $722.9M | ||
| Q2 25 | $990.1M | $722.9M | ||
| Q1 25 | $851.6M | $722.9M | ||
| Q4 24 | $823.9M | — | ||
| Q3 24 | $804.6M | $718.1M | ||
| Q2 24 | $801.5M | $718.1M | ||
| Q1 24 | $800.4M | $718.1M |
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | $915.5M | ||
| Q2 25 | $1.9B | $915.5M | ||
| Q1 25 | $1.8B | $915.5M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.5B | $1.1B |
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | 0.41× | — | ||
| Q2 24 | 0.45× | — | ||
| Q1 24 | 0.45× | — |
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 | $39.1M | $2.6M |
| Free Cash FlowOCF − Capex | $31.7M | $-2.9M |
| FCF MarginFCF / Revenue | 8.3% | -0.8% |
| Capex IntensityCapex / Revenue | 2.0% | 1.5% |
| Cash ConversionOCF / Net Profit | 0.88× | 0.34× |
| TTM Free Cash FlowTrailing 4 quarters | $121.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $39.1M | — | ||
| Q3 25 | $51.3M | $2.6M | ||
| Q2 25 | $34.8M | — | ||
| Q1 25 | $36.9M | — | ||
| Q4 24 | $26.0M | — | ||
| Q3 24 | $43.3M | $105.2M | ||
| Q2 24 | $33.7M | — | ||
| Q1 24 | $15.1M | $17.8M |
| Q4 25 | $31.7M | — | ||
| Q3 25 | $35.7M | $-2.9M | ||
| Q2 25 | $25.7M | — | ||
| Q1 25 | $28.6M | — | ||
| Q4 24 | $20.4M | — | ||
| Q3 24 | $24.4M | $104.7M | ||
| Q2 24 | $30.5M | — | ||
| Q1 24 | $8.6M | $17.6M |
| Q4 25 | 8.3% | — | ||
| Q3 25 | 10.6% | -0.8% | ||
| Q2 25 | 8.3% | — | ||
| Q1 25 | 9.3% | — | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 8.3% | 20.6% | ||
| Q2 24 | 10.8% | — | ||
| Q1 24 | 3.0% | 12.2% |
| Q4 25 | 2.0% | — | ||
| Q3 25 | 4.6% | 1.5% | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 2.7% | — | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 6.4% | 0.1% | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 2.3% | 0.1% |
| Q4 25 | 0.88× | — | ||
| Q3 25 | 1.92× | 0.34× | ||
| Q2 25 | 1.31× | — | ||
| Q1 25 | 1.45× | — | ||
| Q4 24 | 0.84× | — | ||
| Q3 24 | 2.85× | 1.35× | ||
| Q2 24 | 1.88× | — | ||
| Q1 24 | 0.70× | 0.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EZPW
| Merchandise | $210.1M | 55% |
| Pawn Service | $131.9M | 35% |
| Jewelry Scrap | $39.9M | 10% |
PERI
| Advertising Solutions | $231.4M | 63% |
| Search Advertising | $137.3M | 37% |
