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Side-by-side financial comparison of ENVIRI Corp (NVRI) and Perion Network Ltd. (PERI). Click either name above to swap in a different company.

ENVIRI Corp is the larger business by last-quarter revenue ($555.0M vs $368.7M, roughly 1.5× Perion Network Ltd.). Perion Network Ltd. runs the higher net margin — 2.1% vs -15.2%, a 17.3% gap on every dollar of revenue. Perion Network Ltd. produced more free cash flow last quarter ($-2.9M vs $-10.5M). Over the past eight quarters, Perion Network Ltd.'s revenue compounded faster (16.4% CAGR vs -3.8%).

Enviri Corporation is an environmental company based in Philadelphia, Pennsylvania. It operates in over 30 countries and employs approximately 12,000 people worldwide. The company addresses complex environmental issues for large industries, including steel, railways, and energy.

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...

NVRI vs PERI — Head-to-Head

Bigger by revenue
NVRI
NVRI
1.5× larger
NVRI
$555.0M
$368.7M
PERI
Higher net margin
PERI
PERI
17.3% more per $
PERI
2.1%
-15.2%
NVRI
More free cash flow
PERI
PERI
$7.6M more FCF
PERI
$-2.9M
$-10.5M
NVRI
Faster 2-yr revenue CAGR
PERI
PERI
Annualised
PERI
16.4%
-3.8%
NVRI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
NVRI
NVRI
PERI
PERI
Revenue
$555.0M
$368.7M
Net Profit
$-84.3M
$7.7M
Gross Margin
Operating Margin
-6.4%
2.0%
Net Margin
-15.2%
2.1%
Revenue YoY
-0.8%
Net Profit YoY
0.7%
EPS (diluted)
$-1.04

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.

Revenue
NVRI
NVRI
PERI
PERI
Q4 25
$555.0M
Q3 25
$574.8M
$368.7M
Q2 25
$562.3M
$266.5M
Q1 25
$548.3M
$157.8M
Q4 24
$559.2M
Q3 24
$573.6M
$508.9M
Q2 24
$610.0M
$323.6M
Q1 24
$600.3M
$145.2M
Net Profit
NVRI
NVRI
PERI
PERI
Q4 25
$-84.3M
Q3 25
$-22.3M
$7.7M
Q2 25
$-47.6M
$5.6M
Q1 25
$-13.4M
$11.8M
Q4 24
$-84.9M
Q3 24
$-13.2M
$78.0M
Q2 24
$-13.6M
$45.2M
Q1 24
$-18.0M
$23.8M
Operating Margin
NVRI
NVRI
PERI
PERI
Q4 25
-6.4%
Q3 25
2.9%
2.0%
Q2 25
-1.3%
-1.7%
Q1 25
5.6%
5.4%
Q4 24
-11.4%
Q3 24
6.5%
15.1%
Q2 24
5.1%
13.7%
Q1 24
4.3%
16.9%
Net Margin
NVRI
NVRI
PERI
PERI
Q4 25
-15.2%
Q3 25
-3.9%
2.1%
Q2 25
-8.5%
2.1%
Q1 25
-2.4%
7.5%
Q4 24
-15.2%
Q3 24
-2.3%
15.3%
Q2 24
-2.2%
14.0%
Q1 24
-3.0%
16.4%
EPS (diluted)
NVRI
NVRI
PERI
PERI
Q4 25
$-1.04
Q3 25
$-0.28
Q2 25
$-0.59
Q1 25
$-0.17
Q4 24
$-1.07
Q3 24
$-0.16
Q2 24
$-0.17
Q1 24
$-0.22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NVRI
NVRI
PERI
PERI
Cash + ST InvestmentsLiquidity on hand
$103.7M
$156.2M
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$255.1M
$722.9M
Total Assets
$2.7B
$915.5M
Debt / EquityLower = less leverage
6.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVRI
NVRI
PERI
PERI
Q4 25
$103.7M
Q3 25
$115.4M
$156.2M
Q2 25
$97.8M
$156.2M
Q1 25
$102.5M
$156.2M
Q4 24
$88.4M
Q3 24
$110.2M
$187.6M
Q2 24
$104.0M
$187.6M
Q1 24
$103.9M
$187.6M
Total Debt
NVRI
NVRI
PERI
PERI
Q4 25
$1.6B
Q3 25
Q2 25
Q1 25
Q4 24
$1.4B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
NVRI
NVRI
PERI
PERI
Q4 25
$255.1M
Q3 25
$361.1M
$722.9M
Q2 25
$376.3M
$722.9M
Q1 25
$409.0M
$722.9M
Q4 24
$391.5M
Q3 24
$484.0M
$718.1M
Q2 24
$485.7M
$718.1M
Q1 24
$500.9M
$718.1M
Total Assets
NVRI
NVRI
PERI
PERI
Q4 25
$2.7B
Q3 25
$2.8B
$915.5M
Q2 25
$2.8B
$915.5M
Q1 25
$2.7B
$915.5M
Q4 24
$2.6B
Q3 24
$2.8B
$1.1B
Q2 24
$2.8B
$1.1B
Q1 24
$2.8B
$1.1B
Debt / Equity
NVRI
NVRI
PERI
PERI
Q4 25
6.10×
Q3 25
Q2 25
Q1 25
Q4 24
3.66×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NVRI
NVRI
PERI
PERI
Operating Cash FlowLast quarter
$38.4M
$2.6M
Free Cash FlowOCF − Capex
$-10.5M
$-2.9M
FCF MarginFCF / Revenue
-1.9%
-0.8%
Capex IntensityCapex / Revenue
8.8%
1.5%
Cash ConversionOCF / Net Profit
0.34×
TTM Free Cash FlowTrailing 4 quarters
$-39.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVRI
NVRI
PERI
PERI
Q4 25
$38.4M
Q3 25
$34.4M
$2.6M
Q2 25
$22.0M
Q1 25
$6.6M
Q4 24
$36.3M
Q3 24
$1.4M
$105.2M
Q2 24
$39.0M
Q1 24
$1.3M
$17.8M
Free Cash Flow
NVRI
NVRI
PERI
PERI
Q4 25
$-10.5M
Q3 25
$2.7M
$-2.9M
Q2 25
$-17.1M
Q1 25
$-15.0M
Q4 24
$1.8M
Q3 24
$-40.2M
$104.7M
Q2 24
$5.4M
Q1 24
$-25.5M
$17.6M
FCF Margin
NVRI
NVRI
PERI
PERI
Q4 25
-1.9%
Q3 25
0.5%
-0.8%
Q2 25
-3.0%
Q1 25
-2.7%
Q4 24
0.3%
Q3 24
-7.0%
20.6%
Q2 24
0.9%
Q1 24
-4.3%
12.2%
Capex Intensity
NVRI
NVRI
PERI
PERI
Q4 25
8.8%
Q3 25
5.5%
1.5%
Q2 25
6.9%
Q1 25
3.9%
Q4 24
6.2%
Q3 24
7.2%
0.1%
Q2 24
5.5%
Q1 24
4.5%
0.1%
Cash Conversion
NVRI
NVRI
PERI
PERI
Q4 25
Q3 25
0.34×
Q2 25
Q1 25
Q4 24
Q3 24
1.35×
Q2 24
Q1 24
0.75×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NVRI
NVRI

Products And Services Service Revenue$500.2M90%
After Market Parts And Services Safety And Diagnostic Technology$23.0M4%
Railway Track Maintenance Equipment$16.6M3%
Railway Contracting Services$15.9M3%
Aluminum Dross And Scrap Processing Systems$3.1M1%

PERI
PERI

Advertising Solutions$231.4M63%
Search Advertising$137.3M37%

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