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Side-by-side financial comparison of FTAI Infrastructure Inc. (FIP) 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 $188.4M, roughly 2.0× FTAI Infrastructure Inc.). Perion Network Ltd. runs the higher net margin — 2.1% vs -79.7%, a 81.8% gap on every dollar of revenue. Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (49.0% CAGR vs 16.4%).
FTAI Infrastructure Inc. owns, operates and invests in high-quality critical infrastructure assets across core sectors including transportation logistics, midstream energy, and power generation. It primarily serves North American markets, focusing on assets with stable long-term cash flows, contracted revenue streams, and strong market positions to deliver sustainable returns for stakeholders.
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...
FIP vs PERI — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $188.4M | $368.7M |
| Net Profit | $-150.2M | $7.7M |
| Gross Margin | — | — |
| Operating Margin | — | 2.0% |
| Net Margin | -79.7% | 2.1% |
| Revenue YoY | 95.9% | — |
| Net Profit YoY | -387.6% | — |
| EPS (diluted) | $-1.32 | — |
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.
| Q1 26 | $188.4M | — | ||
| Q4 25 | $143.5M | — | ||
| Q3 25 | $140.6M | $368.7M | ||
| Q2 25 | $122.3M | $266.5M | ||
| Q1 25 | $96.2M | $157.8M | ||
| Q4 24 | $80.8M | — | ||
| Q3 24 | $83.3M | $508.9M | ||
| Q2 24 | $84.9M | $323.6M |
| Q1 26 | $-150.2M | — | ||
| Q4 25 | $-97.7M | — | ||
| Q3 25 | $-104.5M | $7.7M | ||
| Q2 25 | $-70.0M | $5.6M | ||
| Q1 25 | $120.2M | $11.8M | ||
| Q4 24 | $-124.7M | — | ||
| Q3 24 | $-43.0M | $78.0M | ||
| Q2 24 | $-48.1M | $45.2M |
| Q1 26 | — | — | ||
| Q4 25 | -45.7% | — | ||
| Q3 25 | -70.8% | 2.0% | ||
| Q2 25 | -56.4% | -1.7% | ||
| Q1 25 | 81.8% | 5.4% | ||
| Q4 24 | -152.7% | — | ||
| Q3 24 | -51.7% | 15.1% | ||
| Q2 24 | -56.4% | 13.7% |
| Q1 26 | -79.7% | — | ||
| Q4 25 | -68.1% | — | ||
| Q3 25 | -74.4% | 2.1% | ||
| Q2 25 | -57.2% | 2.1% | ||
| Q1 25 | 125.0% | 7.5% | ||
| Q4 24 | -154.4% | — | ||
| Q3 24 | -51.6% | 15.3% | ||
| Q2 24 | -56.7% | 14.0% |
| Q1 26 | $-1.32 | — | ||
| Q4 25 | $-1.04 | — | ||
| Q3 25 | $-1.38 | — | ||
| Q2 25 | $-0.73 | — | ||
| Q1 25 | $0.89 | — | ||
| Q4 24 | $-1.21 | — | ||
| Q3 24 | $-0.45 | — | ||
| Q2 24 | $-0.52 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $37.9M | $156.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-122.5K | $722.9M |
| Total Assets | $5.7B | $915.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $37.9M | — | ||
| Q4 25 | $57.4M | — | ||
| Q3 25 | $34.7M | $156.2M | ||
| Q2 25 | $33.6M | $156.2M | ||
| Q1 25 | $26.3M | $156.2M | ||
| Q4 24 | $27.8M | — | ||
| Q3 24 | $20.3M | $187.6M | ||
| Q2 24 | $33.1M | $187.6M |
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.6B | — |
| Q1 26 | $-122.5K | — | ||
| Q4 25 | $21.3M | — | ||
| Q3 25 | $181.1M | $722.9M | ||
| Q2 25 | $375.5M | $722.9M | ||
| Q1 25 | $476.2M | $722.9M | ||
| Q4 24 | $202.7M | — | ||
| Q3 24 | $370.8M | $718.1M | ||
| Q2 24 | $394.8M | $718.1M |
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.7B | — | ||
| Q3 25 | $5.5B | $915.5M | ||
| Q2 25 | $4.4B | $915.5M | ||
| Q1 25 | $4.1B | $915.5M | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | $1.1B | ||
| Q2 24 | $2.5B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 176.99× | — | ||
| Q3 25 | 20.59× | — | ||
| Q2 25 | 8.21× | — | ||
| Q1 25 | 5.79× | — | ||
| Q4 24 | 7.84× | — | ||
| Q3 24 | 4.14× | — | ||
| Q2 24 | 3.94× | — |
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 | $-69.4M | $2.6M |
| Free Cash FlowOCF − Capex | — | $-2.9M |
| FCF MarginFCF / Revenue | — | -0.8% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | 0.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-69.4M | — | ||
| Q4 25 | $-2.8M | — | ||
| Q3 25 | $-24.4M | $2.6M | ||
| Q2 25 | $-5.2M | — | ||
| Q1 25 | $-85.7M | — | ||
| Q4 24 | $-8.1M | — | ||
| Q3 24 | $14.2M | $105.2M | ||
| Q2 24 | $-17.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | $-68.6M | — | ||
| Q3 25 | $-90.7M | $-2.9M | ||
| Q2 25 | $-87.5M | — | ||
| Q1 25 | $-151.7M | — | ||
| Q4 24 | $-34.3M | — | ||
| Q3 24 | $-11.7M | $104.7M | ||
| Q2 24 | $-32.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | -47.8% | — | ||
| Q3 25 | -64.5% | -0.8% | ||
| Q2 25 | -71.6% | — | ||
| Q1 25 | -157.7% | — | ||
| Q4 24 | -42.4% | — | ||
| Q3 24 | -14.0% | 20.6% | ||
| Q2 24 | -37.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 45.9% | — | ||
| Q3 25 | 47.2% | 1.5% | ||
| Q2 25 | 67.3% | — | ||
| Q1 25 | 68.6% | — | ||
| Q4 24 | 32.5% | — | ||
| Q3 24 | 31.1% | 0.1% | ||
| Q2 24 | 17.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FIP
Segment breakdown not available.
PERI
| Advertising Solutions | $231.4M | 63% |
| Search Advertising | $137.3M | 37% |
