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Side-by-side financial comparison of Perion Network Ltd. (PERI) and TIC Solutions, Inc. (TIC). Click either name above to swap in a different company.
TIC Solutions, Inc. is the larger business by last-quarter revenue ($508.3M vs $368.7M, roughly 1.4× Perion Network Ltd.). Perion Network Ltd. runs the higher net margin — 2.1% vs -9.3%, a 11.4% gap on every dollar of revenue. TIC Solutions, Inc. produced more free cash flow last quarter ($37.1M vs $-2.9M).
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...
PERI vs TIC — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $368.7M | $508.3M |
| Net Profit | $7.7M | $-47.2M |
| Gross Margin | — | 35.2% |
| Operating Margin | 2.0% | -3.8% |
| Net Margin | 2.1% | -9.3% |
| Revenue YoY | — | — |
| Net Profit YoY | — | — |
| EPS (diluted) | — | — |
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 | — | $508.3M | ||
| Q3 25 | $368.7M | $473.9M | ||
| Q2 25 | $266.5M | $313.9M | ||
| Q1 25 | $157.8M | $234.2M | ||
| Q3 24 | $508.9M | — | ||
| Q2 24 | $323.6M | — | ||
| Q1 24 | $145.2M | — | ||
| Q3 23 | $430.6M | — |
| Q4 25 | — | $-47.2M | ||
| Q3 25 | $7.7M | $-13.9M | ||
| Q2 25 | $5.6M | $-233.0K | ||
| Q1 25 | $11.8M | $-25.8M | ||
| Q3 24 | $78.0M | — | ||
| Q2 24 | $45.2M | — | ||
| Q1 24 | $23.8M | — | ||
| Q3 23 | $60.5M | — |
| Q4 25 | — | 35.2% | ||
| Q3 25 | — | 32.2% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | 18.6% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
| Q4 25 | — | -3.8% | ||
| Q3 25 | 2.0% | -1.4% | ||
| Q2 25 | -1.7% | 5.8% | ||
| Q1 25 | 5.4% | -4.0% | ||
| Q3 24 | 15.1% | — | ||
| Q2 24 | 13.7% | — | ||
| Q1 24 | 16.9% | — | ||
| Q3 23 | 15.8% | — |
| Q4 25 | — | -9.3% | ||
| Q3 25 | 2.1% | -2.9% | ||
| Q2 25 | 2.1% | -0.1% | ||
| Q1 25 | 7.5% | -11.0% | ||
| Q3 24 | 15.3% | — | ||
| Q2 24 | 14.0% | — | ||
| Q1 24 | 16.4% | — | ||
| Q3 23 | 14.1% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $156.2M | $439.5M |
| Total DebtLower is stronger | — | $1.6B |
| Stockholders' EquityBook value | $722.9M | $2.2B |
| Total Assets | $915.5M | $4.4B |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $439.5M | ||
| Q3 25 | $156.2M | $164.4M | ||
| Q2 25 | $156.2M | $130.1M | ||
| Q1 25 | $156.2M | $155.7M | ||
| Q3 24 | $187.6M | — | ||
| Q2 24 | $187.6M | — | ||
| Q1 24 | $187.6M | — | ||
| Q3 23 | $176.2M | — |
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $751.3M | ||
| Q1 25 | — | $752.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
| Q4 25 | — | $2.2B | ||
| Q3 25 | $722.9M | $2.0B | ||
| Q2 25 | $722.9M | $1.2B | ||
| Q1 25 | $722.9M | $1.1B | ||
| Q3 24 | $718.1M | — | ||
| Q2 24 | $718.1M | — | ||
| Q1 24 | $718.1M | — | ||
| Q3 23 | $583.1M | — |
| Q4 25 | — | $4.4B | ||
| Q3 25 | $915.5M | $4.2B | ||
| Q2 25 | $915.5M | $2.2B | ||
| Q1 25 | $915.5M | $2.2B | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — | ||
| Q3 23 | $870.2M | — |
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.67× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
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 | $49.7M |
| Free Cash FlowOCF − Capex | $-2.9M | $37.1M |
| FCF MarginFCF / Revenue | -0.8% | 7.3% |
| Capex IntensityCapex / Revenue | 1.5% | 2.5% |
| Cash ConversionOCF / Net Profit | 0.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $61.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $49.7M | ||
| Q3 25 | $2.6M | $19.0M | ||
| Q2 25 | — | $-6.5M | ||
| Q1 25 | — | $32.8M | ||
| Q3 24 | $105.2M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $17.8M | — | ||
| Q3 23 | $83.9M | — |
| Q4 25 | — | $37.1M | ||
| Q3 25 | $-2.9M | $10.3M | ||
| Q2 25 | — | $-14.5M | ||
| Q1 25 | — | $28.3M | ||
| Q3 24 | $104.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $17.6M | — | ||
| Q3 23 | $83.2M | — |
| Q4 25 | — | 7.3% | ||
| Q3 25 | -0.8% | 2.2% | ||
| Q2 25 | — | -4.6% | ||
| Q1 25 | — | 12.1% | ||
| Q3 24 | 20.6% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 12.2% | — | ||
| Q3 23 | 19.3% | — |
| Q4 25 | — | 2.5% | ||
| Q3 25 | 1.5% | 1.8% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 1.9% | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.1% | — | ||
| Q3 23 | 0.2% | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.34× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | 1.35× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.75× | — | ||
| Q3 23 | 1.39× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PERI
| Advertising Solutions | $231.4M | 63% |
| Search Advertising | $137.3M | 37% |
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
