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Side-by-side financial comparison of Perion Network Ltd. (PERI) and UL Solutions Inc. (ULS). Click either name above to swap in a different company.
Perion Network Ltd. is the larger business by last-quarter revenue ($368.7M vs $340.0M, roughly 1.1× UL Solutions Inc.). Over the past eight quarters, Perion Network Ltd.'s revenue compounded faster (16.4% CAGR vs -31.8%).
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...
The UL enterprise is a global private safety company headquartered in Northbrook, Illinois, composed of three organizations, UL Research Institutes, UL Standards & Engagement and UL Solutions.
PERI vs ULS — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $368.7M | $340.0M |
| Net Profit | $7.7M | — |
| Gross Margin | — | — |
| Operating Margin | 2.0% | 24.4% |
| Net Margin | 2.1% | — |
| Revenue YoY | — | -12.4% |
| 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.
| Q1 26 | — | $340.0M | ||
| Q4 25 | — | $789.0M | ||
| Q3 25 | $368.7M | $783.0M | ||
| Q2 25 | $266.5M | $776.0M | ||
| Q1 25 | $157.8M | $705.0M | ||
| Q4 24 | — | $739.0M | ||
| Q3 24 | $508.9M | $731.0M | ||
| Q2 24 | $323.6M | $730.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $67.0M | ||
| Q3 25 | $7.7M | $100.0M | ||
| Q2 25 | $5.6M | $91.0M | ||
| Q1 25 | $11.8M | $67.0M | ||
| Q4 24 | — | $81.0M | ||
| Q3 24 | $78.0M | $88.0M | ||
| Q2 24 | $45.2M | $101.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 49.7% | ||
| Q3 25 | — | 50.3% | ||
| Q2 25 | — | 49.4% | ||
| Q1 25 | — | 48.4% | ||
| Q4 24 | — | 47.4% | ||
| Q3 24 | — | 49.0% | ||
| Q2 24 | — | 50.1% |
| Q1 26 | — | 24.4% | ||
| Q4 25 | — | 15.0% | ||
| Q3 25 | 2.0% | 19.9% | ||
| Q2 25 | -1.7% | 17.9% | ||
| Q1 25 | 5.4% | 15.5% | ||
| Q4 24 | — | 15.6% | ||
| Q3 24 | 15.1% | 17.8% | ||
| Q2 24 | 13.7% | 17.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.5% | ||
| Q3 25 | 2.1% | 12.8% | ||
| Q2 25 | 2.1% | 11.7% | ||
| Q1 25 | 7.5% | 9.5% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | 15.3% | 12.0% | ||
| Q2 24 | 14.0% | 13.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.33 | ||
| Q3 25 | — | $0.49 | ||
| Q2 25 | — | $0.45 | ||
| Q1 25 | — | $0.33 | ||
| Q4 24 | — | $0.40 | ||
| Q3 24 | — | $0.44 | ||
| Q2 24 | — | $0.50 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $722.9M | — |
| Total Assets | $915.5M | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $295.0M | ||
| Q3 25 | $156.2M | $255.0M | ||
| Q2 25 | $156.2M | $272.0M | ||
| Q1 25 | $156.2M | $267.0M | ||
| Q4 24 | — | $298.0M | ||
| Q3 24 | $187.6M | $327.0M | ||
| Q2 24 | $187.6M | $295.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $491.0M | ||
| Q3 25 | — | $544.0M | ||
| Q2 25 | — | $608.0M | ||
| Q1 25 | — | $653.0M | ||
| Q4 24 | — | $742.0M | ||
| Q3 24 | — | $797.0M | ||
| Q2 24 | — | $810.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | $722.9M | $1.2B | ||
| Q2 25 | $722.9M | $1.1B | ||
| Q1 25 | $722.9M | $970.0M | ||
| Q4 24 | — | $904.0M | ||
| Q3 24 | $718.1M | $872.0M | ||
| Q2 24 | $718.1M | $769.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | $915.5M | $2.9B | ||
| Q2 25 | $915.5M | $2.9B | ||
| Q1 25 | $915.5M | $2.9B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | $1.1B | $2.9B | ||
| Q2 24 | $1.1B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.39× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.56× | ||
| Q1 25 | — | 0.67× | ||
| Q4 24 | — | 0.82× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 1.05× |
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 | — | $144.0M | ||
| Q3 25 | $2.6M | $155.0M | ||
| Q2 25 | — | $147.0M | ||
| Q1 25 | — | $154.0M | ||
| Q4 24 | — | $130.0M | ||
| Q3 24 | $105.2M | $150.0M | ||
| Q2 24 | — | $103.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $86.0M | ||
| Q3 25 | $-2.9M | $109.0M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | — | $103.0M | ||
| Q4 24 | — | $72.0M | ||
| Q3 24 | $104.7M | $84.0M | ||
| Q2 24 | — | $47.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.9% | ||
| Q3 25 | -0.8% | 13.9% | ||
| Q2 25 | — | 13.5% | ||
| Q1 25 | — | 14.6% | ||
| Q4 24 | — | 9.7% | ||
| Q3 24 | 20.6% | 11.5% | ||
| Q2 24 | — | 6.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.4% | ||
| Q3 25 | 1.5% | 5.9% | ||
| Q2 25 | — | 5.4% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | 0.1% | 9.0% | ||
| Q2 24 | — | 7.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.15× | ||
| Q3 25 | 0.34× | 1.55× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | 1.60× | ||
| Q3 24 | 1.35× | 1.70× | ||
| Q2 24 | — | 1.02× |
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% |
ULS
Segment breakdown not available.
