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Side-by-side financial comparison of PAR TECHNOLOGY CORP (PAR) and Prairie Operating Co. (PROP). Click either name above to swap in a different company.

PAR TECHNOLOGY CORP is the larger business by last-quarter revenue ($120.1M vs $77.7M, roughly 1.5× Prairie Operating Co.). Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% CAGR vs 30.9%).

PAR Technology Corp is a global provider of point-of-sale systems, restaurant management software, and integrated tech solutions. Its core segments serve food service, hospitality, and government security markets, offering cloud tools to streamline operations, enhance customer experiences, and boost efficiency for enterprise and small-to-medium clients.

Prairie Farms Dairy is a dairy cooperative founded in Carlinville, Illinois, and now headquartered in Edwardsville, Illinois. As a dairy cooperative, Prairie Farms receives milk from producers and converts it into many different products, including cheese, butter, ice cream, sour cream, cottage cheese, various dips, yogurt, and fluid milk. Prairie Farms also produces and sells juices, flavored drinks, and pre-made iced tea.

PAR vs PROP — Head-to-Head

Bigger by revenue
PAR
PAR
1.5× larger
PAR
$120.1M
$77.7M
PROP
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
30.9%
PAR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
PAR
PAR
PROP
PROP
Revenue
$120.1M
$77.7M
Net Profit
$1.3M
Gross Margin
41.2%
Operating Margin
-15.0%
34.8%
Net Margin
1.7%
Revenue YoY
14.4%
Net Profit YoY
111.3%
EPS (diluted)
$-0.52
$-0.44

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.

Revenue
PAR
PAR
PROP
PROP
Q4 25
$120.1M
Q3 25
$119.2M
$77.7M
Q2 25
$112.4M
$68.1M
Q1 25
$103.9M
$13.6M
Q4 24
$105.0M
Q3 24
$96.8M
$0
Q2 24
$78.2M
Q1 24
$70.1M
Net Profit
PAR
PAR
PROP
PROP
Q4 25
Q3 25
$-18.2M
$1.3M
Q2 25
$-21.0M
$35.7M
Q1 25
$-24.4M
$-2.6M
Q4 24
Q3 24
$-19.8M
$-11.4M
Q2 24
$54.2M
Q1 24
$-18.3M
Gross Margin
PAR
PAR
PROP
PROP
Q4 25
41.2%
Q3 25
41.3%
Q2 25
45.4%
Q1 25
46.5%
Q4 24
42.9%
Q3 24
44.5%
Q2 24
41.0%
Q1 24
37.2%
Operating Margin
PAR
PAR
PROP
PROP
Q4 25
-15.0%
Q3 25
-14.8%
34.8%
Q2 25
-15.4%
27.8%
Q1 25
-15.2%
12.9%
Q4 24
-15.6%
Q3 24
-15.7%
Q2 24
-26.5%
Q1 24
-38.2%
Net Margin
PAR
PAR
PROP
PROP
Q4 25
Q3 25
-15.3%
1.7%
Q2 25
-18.7%
52.4%
Q1 25
-23.4%
-19.3%
Q4 24
Q3 24
-20.5%
Q2 24
69.3%
Q1 24
-26.1%
EPS (diluted)
PAR
PAR
PROP
PROP
Q4 25
$-0.52
Q3 25
$-0.45
$-0.44
Q2 25
$-0.52
$0.18
Q1 25
$-0.60
$-3.49
Q4 24
$-0.56
Q3 24
$-0.56
$-0.68
Q2 24
$1.60
Q1 24
$-0.62

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PAR
PAR
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$80.1M
$10.6M
Total DebtLower is stronger
$394.0M
Stockholders' EquityBook value
$825.1M
$101.8M
Total Assets
$1.4B
$939.8M
Debt / EquityLower = less leverage
0.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PAR
PAR
PROP
PROP
Q4 25
$80.1M
Q3 25
$93.0M
$10.6M
Q2 25
$85.7M
$10.7M
Q1 25
$92.2M
$15.0M
Q4 24
$108.6M
Q3 24
$118.4M
$40.1M
Q2 24
$142.5M
Q1 24
$72.5M
Total Debt
PAR
PAR
PROP
PROP
Q4 25
$394.0M
Q3 25
$393.4M
Q2 25
$392.8M
$387.0M
Q1 25
$392.3M
$377.0M
Q4 24
$368.4M
Q3 24
$466.7M
Q2 24
$378.7M
Q1 24
$378.2M
Stockholders' Equity
PAR
PAR
PROP
PROP
Q4 25
$825.1M
Q3 25
$838.0M
$101.8M
Q2 25
$859.1M
$94.2M
Q1 25
$852.0M
$34.0M
Q4 24
$871.7M
Q3 24
$692.7M
$61.3M
Q2 24
$588.3M
Q1 24
$526.4M
Total Assets
PAR
PAR
PROP
PROP
Q4 25
$1.4B
Q3 25
$1.4B
$939.8M
Q2 25
$1.4B
$858.5M
Q1 25
$1.4B
$775.4M
Q4 24
$1.4B
Q3 24
$1.3B
$107.2M
Q2 24
$1.1B
Q1 24
$1.0B
Debt / Equity
PAR
PAR
PROP
PROP
Q4 25
0.48×
Q3 25
0.47×
Q2 25
0.46×
4.11×
Q1 25
0.46×
11.07×
Q4 24
0.42×
Q3 24
0.67×
Q2 24
0.64×
Q1 24
0.72×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PAR
PAR
PROP
PROP
Operating Cash FlowLast quarter
$-11.8M
$57.7M
Free Cash FlowOCF − Capex
$-12.5M
FCF MarginFCF / Revenue
-10.4%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
44.80×
TTM Free Cash FlowTrailing 4 quarters
$-30.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PAR
PAR
PROP
PROP
Q4 25
$-11.8M
Q3 25
$8.4M
$57.7M
Q2 25
$-6.6M
$-7.2M
Q1 25
$-17.2M
$16.9M
Q4 24
$3.4M
Q3 24
$8.8M
$2.8M
Q2 24
$-13.8M
Q1 24
$-23.6M
Free Cash Flow
PAR
PAR
PROP
PROP
Q4 25
$-12.5M
Q3 25
$7.0M
Q2 25
$-7.4M
Q1 25
$-17.6M
Q4 24
$3.2M
Q3 24
$8.4M
Q2 24
$-14.2M
Q1 24
$-23.6M
FCF Margin
PAR
PAR
PROP
PROP
Q4 25
-10.4%
Q3 25
5.9%
Q2 25
-6.6%
Q1 25
-16.9%
Q4 24
3.0%
Q3 24
8.7%
Q2 24
-18.2%
Q1 24
-33.7%
Capex Intensity
PAR
PAR
PROP
PROP
Q4 25
0.7%
Q3 25
1.1%
Q2 25
0.7%
Q1 25
0.4%
Q4 24
0.2%
Q3 24
0.4%
Q2 24
0.5%
Q1 24
0.1%
Cash Conversion
PAR
PAR
PROP
PROP
Q4 25
Q3 25
44.80×
Q2 25
-0.20×
Q1 25
Q4 24
Q3 24
Q2 24
-0.26×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PAR
PAR

Subscription Service$76.1M63%
Hardware$27.8M23%
Professional Service$16.2M13%

PROP
PROP

Crude Oil Sales$64.9M84%
Natural Gas Sales$7.6M10%
Natural Gas Liquids Reserves$5.2M7%

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