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Side-by-side financial comparison of Perion Network Ltd. (PERI) and ZILLOW GROUP, INC. (ZG). Click either name above to swap in a different company.
ZILLOW GROUP, INC. is the larger business by last-quarter revenue ($654.0M vs $368.7M, roughly 1.8× Perion Network Ltd.). Perion Network Ltd. runs the higher net margin — 2.1% vs 0.5%, a 1.6% gap on every dollar of revenue. ZILLOW GROUP, INC. produced more free cash flow last quarter ($44.0M vs $-2.9M). Over the past eight quarters, Perion Network Ltd.'s revenue compounded faster (16.4% CAGR vs 11.2%).
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...
Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 by co-executive chairmen Rich Barton and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current technology leadership advisor.
PERI vs ZG — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $368.7M | $654.0M |
| Net Profit | $7.7M | $3.0M |
| Gross Margin | — | 72.8% |
| Operating Margin | 2.0% | -1.7% |
| Net Margin | 2.1% | 0.5% |
| Revenue YoY | — | 18.1% |
| Net Profit YoY | — | 105.8% |
| EPS (diluted) | — | $0.01 |
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 | — | $654.0M | ||
| Q3 25 | $368.7M | $676.0M | ||
| Q2 25 | $266.5M | $655.0M | ||
| Q1 25 | $157.8M | $598.0M | ||
| Q4 24 | — | $554.0M | ||
| Q3 24 | $508.9M | $581.0M | ||
| Q2 24 | $323.6M | $572.0M | ||
| Q1 24 | $145.2M | $529.0M |
| Q4 25 | — | $3.0M | ||
| Q3 25 | $7.7M | $10.0M | ||
| Q2 25 | $5.6M | $2.0M | ||
| Q1 25 | $11.8M | $8.0M | ||
| Q4 24 | — | $-52.0M | ||
| Q3 24 | $78.0M | $-20.0M | ||
| Q2 24 | $45.2M | $-17.0M | ||
| Q1 24 | $23.8M | $-23.0M |
| Q4 25 | — | 72.8% | ||
| Q3 25 | — | 72.6% | ||
| Q2 25 | — | 74.7% | ||
| Q1 25 | — | 76.8% | ||
| Q4 24 | — | 75.8% | ||
| Q3 24 | — | 75.9% | ||
| Q2 24 | — | 77.3% | ||
| Q1 24 | — | 76.7% |
| Q4 25 | — | -1.7% | ||
| Q3 25 | 2.0% | -0.4% | ||
| Q2 25 | -1.7% | -1.7% | ||
| Q1 25 | 5.4% | -1.5% | ||
| Q4 24 | — | -12.5% | ||
| Q3 24 | 15.1% | -7.7% | ||
| Q2 24 | 13.7% | -6.6% | ||
| Q1 24 | 16.9% | -8.5% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | 2.1% | 1.5% | ||
| Q2 25 | 2.1% | 0.3% | ||
| Q1 25 | 7.5% | 1.3% | ||
| Q4 24 | — | -9.4% | ||
| Q3 24 | 15.3% | -3.4% | ||
| Q2 24 | 14.0% | -3.0% | ||
| Q1 24 | 16.4% | -4.3% |
| Q4 25 | — | $0.01 | ||
| Q3 25 | — | $0.04 | ||
| Q2 25 | — | $0.01 | ||
| Q1 25 | — | $0.03 | ||
| Q4 24 | — | $-0.23 | ||
| Q3 24 | — | $-0.08 | ||
| Q2 24 | — | $-0.07 | ||
| Q1 24 | — | $-0.10 |
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 | $768.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $722.9M | $4.9B |
| Total Assets | $915.5M | $5.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $768.0M | ||
| Q3 25 | $156.2M | $874.0M | ||
| Q2 25 | $156.2M | $587.0M | ||
| Q1 25 | $156.2M | $914.0M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $187.6M | $1.1B | ||
| Q2 24 | $187.6M | $1.2B | ||
| Q1 24 | $187.6M | $1.4B |
| Q4 25 | — | $4.9B | ||
| Q3 25 | $722.9M | $5.0B | ||
| Q2 25 | $722.9M | $4.7B | ||
| Q1 25 | $722.9M | $4.8B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | $718.1M | $4.7B | ||
| Q2 24 | $718.1M | $4.5B | ||
| Q1 24 | $718.1M | $4.7B |
| Q4 25 | — | $5.7B | ||
| Q3 25 | $915.5M | $5.7B | ||
| Q2 25 | $915.5M | $5.4B | ||
| Q1 25 | $915.5M | $5.7B | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | $1.1B | $6.2B | ||
| Q2 24 | $1.1B | $6.6B | ||
| Q1 24 | $1.1B | $6.8B |
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 | $72.0M |
| Free Cash FlowOCF − Capex | $-2.9M | $44.0M |
| FCF MarginFCF / Revenue | -0.8% | 6.7% |
| Capex IntensityCapex / Revenue | 1.5% | 4.3% |
| Cash ConversionOCF / Net Profit | 0.34× | 24.00× |
| TTM Free Cash FlowTrailing 4 quarters | — | $235.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $72.0M | ||
| Q3 25 | $2.6M | $105.0M | ||
| Q2 25 | — | $87.0M | ||
| Q1 25 | — | $104.0M | ||
| Q4 24 | — | $122.0M | ||
| Q3 24 | $105.2M | $171.0M | ||
| Q2 24 | — | $55.0M | ||
| Q1 24 | $17.8M | $80.0M |
| Q4 25 | — | $44.0M | ||
| Q3 25 | $-2.9M | $73.0M | ||
| Q2 25 | — | $50.0M | ||
| Q1 25 | — | $68.0M | ||
| Q4 24 | — | $88.0M | ||
| Q3 24 | $104.7M | $138.0M | ||
| Q2 24 | — | $18.0M | ||
| Q1 24 | $17.6M | $41.0M |
| Q4 25 | — | 6.7% | ||
| Q3 25 | -0.8% | 10.8% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | 20.6% | 23.8% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | 12.2% | 7.8% |
| Q4 25 | — | 4.3% | ||
| Q3 25 | 1.5% | 4.7% | ||
| Q2 25 | — | 5.6% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | 0.1% | 5.7% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | 0.1% | 7.4% |
| Q4 25 | — | 24.00× | ||
| Q3 25 | 0.34× | 10.50× | ||
| Q2 25 | — | 43.50× | ||
| Q1 25 | — | 13.00× | ||
| 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
PERI
| Advertising Solutions | $231.4M | 63% |
| Search Advertising | $137.3M | 37% |
ZG
| Residential Revenue | $418.0M | 64% |
| Rental Revenue | $168.0M | 26% |
| Mortgage Revenue | $57.0M | 9% |
| Display Advertising And Other Revenue | $11.0M | 2% |
