vs
Side-by-side financial comparison of Federal Realty Investment Trust (FRT) 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 $336.0M, roughly 1.1× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 2.1%, a 36.5% gap on every dollar of revenue. Over the past eight quarters, Perion Network Ltd.'s revenue compounded faster (16.4% CAGR vs 6.5%).
Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.
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...
FRT vs PERI — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $336.0M | $368.7M |
| Net Profit | $129.7M | $7.7M |
| Gross Margin | — | — |
| Operating Margin | 53.8% | 2.0% |
| Net Margin | 38.6% | 2.1% |
| Revenue YoY | 8.7% | — |
| Net Profit YoY | 103.5% | — |
| EPS (diluted) | $1.49 | — |
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 | $336.0M | — | ||
| Q4 25 | $336.0M | — | ||
| Q3 25 | $322.3M | $368.7M | ||
| Q2 25 | $311.5M | $266.5M | ||
| Q1 25 | $309.2M | $157.8M | ||
| Q4 24 | $311.4M | — | ||
| Q3 24 | $303.6M | $508.9M | ||
| Q2 24 | $296.1M | $323.6M |
| Q1 26 | $129.7M | — | ||
| Q4 25 | $129.7M | — | ||
| Q3 25 | $61.6M | $7.7M | ||
| Q2 25 | $155.9M | $5.6M | ||
| Q1 25 | $63.8M | $11.8M | ||
| Q4 24 | $65.5M | — | ||
| Q3 24 | $61.0M | $78.0M | ||
| Q2 24 | $112.0M | $45.2M |
| Q1 26 | 53.8% | — | ||
| Q4 25 | 53.8% | — | ||
| Q3 25 | 34.3% | 2.0% | ||
| Q2 25 | 65.1% | -1.7% | ||
| Q1 25 | 35.0% | 5.4% | ||
| Q4 24 | 35.1% | — | ||
| Q3 24 | 34.9% | 15.1% | ||
| Q2 24 | 53.0% | 13.7% |
| Q1 26 | 38.6% | — | ||
| Q4 25 | 38.6% | — | ||
| Q3 25 | 19.1% | 2.1% | ||
| Q2 25 | 50.0% | 2.1% | ||
| Q1 25 | 20.6% | 7.5% | ||
| Q4 24 | 21.0% | — | ||
| Q3 24 | 20.1% | 15.3% | ||
| Q2 24 | 37.8% | 14.0% |
| Q1 26 | $1.49 | — | ||
| Q4 25 | $1.49 | — | ||
| Q3 25 | $0.69 | — | ||
| Q2 25 | $1.78 | — | ||
| Q1 25 | $0.72 | — | ||
| Q4 24 | $0.74 | — | ||
| Q3 24 | $0.70 | — | ||
| Q2 24 | $1.32 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $107.4M | $156.2M |
| Total DebtLower is stronger | $5.0B | — |
| Stockholders' EquityBook value | $3.2B | $722.9M |
| Total Assets | $9.1B | $915.5M |
| Debt / EquityLower = less leverage | 1.53× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $107.4M | — | ||
| Q4 25 | $107.4M | — | ||
| Q3 25 | $111.3M | $156.2M | ||
| Q2 25 | $177.0M | $156.2M | ||
| Q1 25 | $109.2M | $156.2M | ||
| Q4 24 | $123.4M | — | ||
| Q3 24 | $97.0M | $187.6M | ||
| Q2 24 | $103.2M | $187.6M |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.2B | $722.9M | ||
| Q2 25 | $3.2B | $722.9M | ||
| Q1 25 | $3.2B | $722.9M | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.1B | $718.1M | ||
| Q2 24 | $3.0B | $718.1M |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.1B | — | ||
| Q3 25 | $8.9B | $915.5M | ||
| Q2 25 | $8.6B | $915.5M | ||
| Q1 25 | $8.6B | $915.5M | ||
| Q4 24 | $8.5B | — | ||
| Q3 24 | $8.5B | $1.1B | ||
| Q2 24 | $8.4B | $1.1B |
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.53× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.42× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $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 | — | — | ||
| Q4 25 | $622.4M | — | ||
| Q3 25 | $147.8M | $2.6M | ||
| Q2 25 | $150.7M | — | ||
| Q1 25 | $179.0M | — | ||
| Q4 24 | $574.6M | — | ||
| Q3 24 | $144.1M | $105.2M | ||
| Q2 24 | $169.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-2.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $104.7M | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -0.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.80× | — | ||
| Q3 25 | 2.40× | 0.34× | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 8.77× | — | ||
| Q3 24 | 2.36× | 1.35× | ||
| Q2 24 | 1.52× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRT
Segment breakdown not available.
PERI
| Advertising Solutions | $231.4M | 63% |
| Search Advertising | $137.3M | 37% |
