Perion Network vs Thryv Holdings
Thryv Holdings is the larger business, with $785m of revenue in fiscal 2025 against $440m for Perion Network (1.8 times as much). Thryv Holdings grew faster (-4.7% against -11.7%). Thryv Holdings kept more of each dollar of sales as profit: a net margin of 0.0% against -1.8%.
| Latest fiscal year | Perion NetworkPERI, 2025 | Thryv HoldingsTHRY, 2025 |
|---|---|---|
| Revenue | $440m | $785m |
| Revenue growth | -11.7% | -4.7% |
| Net income | −$7.9m | $307,000 |
| Operating margin | -3.4% | — |
| Net margin | -1.8% | 0.0% |
| Return on equity | -1.1% | 0.1% |
| Free cash flow | $38.1m | $31.1m |
| Cash | $90.0m | $10.8m |
| Total debt | $0 | $253m |
| Debt to equity | 0.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $5.0m |
| Employees | — | 2,729 |
| Market value | $446m | $55.1m |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | — | 42 (Weak) |
| Insider trades, 12 months | 0 buys, 10 sales | 15 buys, 0 sales |