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Side-by-side financial comparison of Perion Network Ltd. (PERI) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.
VinFast Auto Ltd. is the larger business by last-quarter revenue ($718.6M vs $368.7M, roughly 1.9× Perion Network Ltd.). Perion Network Ltd. runs the higher net margin — 2.1% vs -2.8%, a 4.9% gap on every dollar of revenue.
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...
VinFast Auto Ltd. is a Vietnamese multinational automotive company founded by Vingroup, one of the largest private conglomerates in Vietnam that was founded by Phạm Nhật Vượng.
PERI vs VFS — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $368.7M | $718.6M |
| Net Profit | $7.7M | $-20.0M |
| Gross Margin | — | — |
| Operating Margin | 2.0% | -96.1% |
| Net Margin | 2.1% | -2.8% |
| 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.
| Q3 25 | $368.7M | $718.6M | ||
| Q2 25 | $266.5M | $663.0M | ||
| Q1 25 | $157.8M | $656.5M | ||
| Q3 24 | $508.9M | $511.6M | ||
| Q2 24 | $323.6M | — | ||
| Q1 24 | $145.2M | $302.6M | ||
| Q3 23 | $430.6M | — | ||
| Q2 23 | $272.0M | — |
| Q3 25 | $7.7M | $-20.0M | ||
| Q2 25 | $5.6M | $-51.8M | ||
| Q1 25 | $11.8M | $-26.1M | ||
| Q3 24 | $78.0M | $-10.4M | ||
| Q2 24 | $45.2M | — | ||
| Q1 24 | $23.8M | $-618.3M | ||
| Q3 23 | $60.5M | — | ||
| Q2 23 | $35.0M | — |
| Q3 25 | 2.0% | -96.1% | ||
| Q2 25 | -1.7% | -79.0% | ||
| Q1 25 | 5.4% | -74.0% | ||
| Q3 24 | 15.1% | -65.9% | ||
| Q2 24 | 13.7% | — | ||
| Q1 24 | 16.9% | -139.4% | ||
| Q3 23 | 15.8% | — | ||
| Q2 23 | 14.1% | — |
| Q3 25 | 2.1% | -2.8% | ||
| Q2 25 | 2.1% | -7.8% | ||
| Q1 25 | 7.5% | -4.0% | ||
| Q3 24 | 15.3% | -2.0% | ||
| Q2 24 | 14.0% | — | ||
| Q1 24 | 16.4% | -204.3% | ||
| Q3 23 | 14.1% | — | ||
| Q2 23 | 12.9% | — |
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 | $8.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $722.9M | — |
| Total Assets | $915.5M | $183.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $156.2M | $8.8M | ||
| Q2 25 | $156.2M | $650.0M | ||
| Q1 25 | $156.2M | $2.4M | ||
| Q3 24 | $187.6M | $1.9M | ||
| Q2 24 | $187.6M | — | ||
| Q1 24 | $187.6M | $3.0M | ||
| Q3 23 | $176.2M | — | ||
| Q2 23 | $411.2M | — |
| Q3 25 | $722.9M | — | ||
| Q2 25 | $722.9M | $-7.2B | ||
| Q1 25 | $722.9M | — | ||
| Q3 24 | $718.1M | — | ||
| Q2 24 | $718.1M | — | ||
| Q1 24 | $718.1M | — | ||
| Q3 23 | $583.1M | — | ||
| Q2 23 | $636.5M | — |
| Q3 25 | $915.5M | $183.2M | ||
| Q2 25 | $915.5M | $7.2B | ||
| Q1 25 | $915.5M | $158.2M | ||
| Q3 24 | $1.1B | $151.8M | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | $145.6M | ||
| Q3 23 | $870.2M | — | ||
| Q2 23 | $903.5M | — |
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.
| Q3 25 | $2.6M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | $105.2M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $17.8M | — | ||
| Q3 23 | $83.9M | — | ||
| Q2 23 | $49.3M | — |
| Q3 25 | $-2.9M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | $104.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $17.6M | — | ||
| Q3 23 | $83.2M | — | ||
| Q2 23 | $48.8M | — |
| Q3 25 | -0.8% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | 20.6% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 12.2% | — | ||
| Q3 23 | 19.3% | — | ||
| Q2 23 | 18.0% | — |
| Q3 25 | 1.5% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.1% | — | ||
| Q3 23 | 0.2% | — | ||
| Q2 23 | 0.2% | — |
| Q3 25 | 0.34× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | 1.35× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.75× | — | ||
| Q3 23 | 1.39× | — | ||
| Q2 23 | 1.41× | — |
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% |
VFS
| Sales of vehicles | $662.9M | 92% |
| Sales of spare parts and components | $41.3M | 6% |
| Revenue from leasing activities | $12.3M | 2% |
| Finance income | $2.4M | 0% |
| Rendering of services | $1.2M | 0% |
