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

SM Energy Co is the larger business by last-quarter revenue ($704.9M vs $368.7M, roughly 1.9× Perion Network Ltd.). Over the past eight quarters, Perion Network Ltd.'s revenue compounded faster (16.4% CAGR vs 12.2%).

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...

SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.

PERI vs SM — Head-to-Head

Bigger by revenue
SM
SM
1.9× larger
SM
$704.9M
$368.7M
PERI
Faster 2-yr revenue CAGR
PERI
PERI
Annualised
PERI
16.4%
12.2%
SM

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
PERI
PERI
SM
SM
Revenue
$368.7M
$704.9M
Net Profit
$7.7M
Gross Margin
Operating Margin
2.0%
25.9%
Net Margin
2.1%
Revenue YoY
-17.3%
Net Profit YoY
EPS (diluted)
$0.94

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
PERI
PERI
SM
SM
Q4 25
$704.9M
Q3 25
$368.7M
$811.6M
Q2 25
$266.5M
$792.9M
Q1 25
$157.8M
$844.5M
Q4 24
$852.0M
Q3 24
$508.9M
$643.6M
Q2 24
$323.6M
$634.6M
Q1 24
$145.2M
$559.9M
Net Profit
PERI
PERI
SM
SM
Q4 25
Q3 25
$7.7M
$155.1M
Q2 25
$5.6M
$201.7M
Q1 25
$11.8M
$182.3M
Q4 24
Q3 24
$78.0M
$240.5M
Q2 24
$45.2M
$210.3M
Q1 24
$23.8M
$131.2M
Operating Margin
PERI
PERI
SM
SM
Q4 25
25.9%
Q3 25
2.0%
30.4%
Q2 25
-1.7%
37.2%
Q1 25
5.4%
32.7%
Q4 24
33.7%
Q3 24
15.1%
51.4%
Q2 24
13.7%
44.0%
Q1 24
16.9%
31.9%
Net Margin
PERI
PERI
SM
SM
Q4 25
Q3 25
2.1%
19.1%
Q2 25
2.1%
25.4%
Q1 25
7.5%
21.6%
Q4 24
Q3 24
15.3%
37.4%
Q2 24
14.0%
33.1%
Q1 24
16.4%
23.4%
EPS (diluted)
PERI
PERI
SM
SM
Q4 25
$0.94
Q3 25
$1.35
Q2 25
$1.76
Q1 25
$1.59
Q4 24
$1.63
Q3 24
$2.09
Q2 24
$1.82
Q1 24
$1.13

Balance Sheet & Financial Strength

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

Metric
PERI
PERI
SM
SM
Cash + ST InvestmentsLiquidity on hand
$156.2M
$368.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$722.9M
$4.8B
Total Assets
$915.5M
$9.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PERI
PERI
SM
SM
Q4 25
$368.0M
Q3 25
$156.2M
$162.3M
Q2 25
$156.2M
$101.9M
Q1 25
$156.2M
$54.0K
Q4 24
Q3 24
$187.6M
$1.7B
Q2 24
$187.6M
$487.9M
Q1 24
$187.6M
$506.3M
Stockholders' Equity
PERI
PERI
SM
SM
Q4 25
$4.8B
Q3 25
$722.9M
$4.7B
Q2 25
$722.9M
$4.6B
Q1 25
$722.9M
$4.4B
Q4 24
$4.2B
Q3 24
$718.1M
$4.1B
Q2 24
$718.1M
$3.8B
Q1 24
$718.1M
$3.7B
Total Assets
PERI
PERI
SM
SM
Q4 25
$9.3B
Q3 25
$915.5M
$9.1B
Q2 25
$915.5M
$9.0B
Q1 25
$915.5M
$8.8B
Q4 24
$8.6B
Q3 24
$1.1B
$8.0B
Q2 24
$1.1B
$6.7B
Q1 24
$1.1B
$6.4B

Cash Flow & Capital Efficiency

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

Metric
PERI
PERI
SM
SM
Operating Cash FlowLast quarter
$2.6M
$451.9M
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.

Operating Cash Flow
PERI
PERI
SM
SM
Q4 25
$451.9M
Q3 25
$2.6M
$505.0M
Q2 25
$571.1M
Q1 25
$483.0M
Q4 24
$578.4M
Q3 24
$105.2M
$452.3M
Q2 24
$476.4M
Q1 24
$17.8M
$276.0M
Free Cash Flow
PERI
PERI
SM
SM
Q4 25
Q3 25
$-2.9M
Q2 25
Q1 25
Q4 24
Q3 24
$104.7M
Q2 24
Q1 24
$17.6M
FCF Margin
PERI
PERI
SM
SM
Q4 25
Q3 25
-0.8%
Q2 25
Q1 25
Q4 24
Q3 24
20.6%
Q2 24
Q1 24
12.2%
Capex Intensity
PERI
PERI
SM
SM
Q4 25
Q3 25
1.5%
Q2 25
Q1 25
Q4 24
Q3 24
0.1%
Q2 24
Q1 24
0.1%
Cash Conversion
PERI
PERI
SM
SM
Q4 25
Q3 25
0.34×
3.26×
Q2 25
2.83×
Q1 25
2.65×
Q4 24
Q3 24
1.35×
1.88×
Q2 24
2.27×
Q1 24
0.75×
2.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PERI
PERI

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

SM
SM

Segment breakdown not available.

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