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Side-by-side financial comparison of PAR TECHNOLOGY CORP (PAR) and Portillo's Inc. (PTLO). Click either name above to swap in a different company.

Portillo's Inc. is the larger business by last-quarter revenue ($185.7M vs $120.1M, roughly 1.5× PAR TECHNOLOGY CORP). On growth, PAR TECHNOLOGY CORP posted the faster year-over-year revenue change (14.4% vs 0.6%). Portillo's Inc. produced more free cash flow last quarter ($-9.2M vs $-12.5M). Over the past eight quarters, PAR TECHNOLOGY CORP's revenue compounded faster (30.9% CAGR vs 5.8%).

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.

Portillo's Restaurant Group, Inc. is an American fast casual restaurant chain based in the Chicago area that specializes in serving Chicago-style food such as hot dogs, Maxwell Street Polish, and Italian beef. The company was founded by Dick Portillo on April 9, 1963, in Villa Park, Illinois, under the name "The Dog House".

PAR vs PTLO — Head-to-Head

Bigger by revenue
PTLO
PTLO
1.5× larger
PTLO
$185.7M
$120.1M
PAR
Growing faster (revenue YoY)
PAR
PAR
+13.8% gap
PAR
14.4%
0.6%
PTLO
More free cash flow
PTLO
PTLO
$3.4M more FCF
PTLO
$-9.2M
$-12.5M
PAR
Faster 2-yr revenue CAGR
PAR
PAR
Annualised
PAR
30.9%
5.8%
PTLO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PAR
PAR
PTLO
PTLO
Revenue
$120.1M
$185.7M
Net Profit
$6.3M
Gross Margin
41.2%
Operating Margin
-15.0%
5.6%
Net Margin
3.4%
Revenue YoY
14.4%
0.6%
Net Profit YoY
-49.5%
EPS (diluted)
$-0.52
$0.08

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
PTLO
PTLO
Q4 25
$120.1M
$185.7M
Q3 25
$119.2M
$181.4M
Q2 25
$112.4M
$188.5M
Q1 25
$103.9M
$176.4M
Q4 24
$105.0M
$184.6M
Q3 24
$96.8M
$178.3M
Q2 24
$78.2M
$181.9M
Q1 24
$70.1M
$165.8M
Net Profit
PAR
PAR
PTLO
PTLO
Q4 25
$6.3M
Q3 25
$-18.2M
$1.2M
Q2 25
$-21.0M
$8.7M
Q1 25
$-24.4M
$3.3M
Q4 24
$12.4M
Q3 24
$-19.8M
$7.2M
Q2 24
$54.2M
$6.5M
Q1 24
$-18.3M
$4.6M
Gross Margin
PAR
PAR
PTLO
PTLO
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
PTLO
PTLO
Q4 25
-15.0%
5.6%
Q3 25
-14.8%
3.0%
Q2 25
-15.4%
9.3%
Q1 25
-15.2%
5.9%
Q4 24
-15.6%
7.5%
Q3 24
-15.7%
9.0%
Q2 24
-26.5%
10.0%
Q1 24
-38.2%
6.1%
Net Margin
PAR
PAR
PTLO
PTLO
Q4 25
3.4%
Q3 25
-15.3%
0.7%
Q2 25
-18.7%
4.6%
Q1 25
-23.4%
1.9%
Q4 24
6.7%
Q3 24
-20.5%
4.1%
Q2 24
69.3%
3.6%
Q1 24
-26.1%
2.8%
EPS (diluted)
PAR
PAR
PTLO
PTLO
Q4 25
$-0.52
$0.08
Q3 25
$-0.45
$0.02
Q2 25
$-0.52
$0.12
Q1 25
$-0.60
$0.05
Q4 24
$-0.56
$0.17
Q3 24
$-0.56
$0.11
Q2 24
$1.60
$0.10
Q1 24
$-0.62
$0.08

Balance Sheet & Financial Strength

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

Metric
PAR
PAR
PTLO
PTLO
Cash + ST InvestmentsLiquidity on hand
$80.1M
Total DebtLower is stronger
$394.0M
$334.2M
Stockholders' EquityBook value
$825.1M
$467.8M
Total Assets
$1.4B
$1.6B
Debt / EquityLower = less leverage
0.48×
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PAR
PAR
PTLO
PTLO
Q4 25
$80.1M
Q3 25
$93.0M
Q2 25
$85.7M
Q1 25
$92.2M
Q4 24
$108.6M
Q3 24
$118.4M
Q2 24
$142.5M
Q1 24
$72.5M
Total Debt
PAR
PAR
PTLO
PTLO
Q4 25
$394.0M
$334.2M
Q3 25
$393.4M
$322.6M
Q2 25
$392.8M
$317.0M
Q1 25
$392.3M
$319.8M
Q4 24
$368.4M
$311.7M
Q3 24
$466.7M
$302.2M
Q2 24
$378.7M
$305.1M
Q1 24
$378.2M
$321.7M
Stockholders' Equity
PAR
PAR
PTLO
PTLO
Q4 25
$825.1M
$467.8M
Q3 25
$838.0M
$459.4M
Q2 25
$859.1M
$458.9M
Q1 25
$852.0M
$406.9M
Q4 24
$871.7M
$401.1M
Q3 24
$692.7M
$382.4M
Q2 24
$588.3M
$370.2M
Q1 24
$526.4M
$360.5M
Total Assets
PAR
PAR
PTLO
PTLO
Q4 25
$1.4B
$1.6B
Q3 25
$1.4B
$1.6B
Q2 25
$1.4B
$1.6B
Q1 25
$1.4B
$1.5B
Q4 24
$1.4B
$1.5B
Q3 24
$1.3B
$1.5B
Q2 24
$1.1B
$1.4B
Q1 24
$1.0B
$1.4B
Debt / Equity
PAR
PAR
PTLO
PTLO
Q4 25
0.48×
0.71×
Q3 25
0.47×
0.70×
Q2 25
0.46×
0.69×
Q1 25
0.46×
0.79×
Q4 24
0.42×
0.78×
Q3 24
0.67×
0.79×
Q2 24
0.64×
0.82×
Q1 24
0.72×
0.89×

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
PTLO
PTLO
Operating Cash FlowLast quarter
$-11.8M
$23.2M
Free Cash FlowOCF − Capex
$-12.5M
$-9.2M
FCF MarginFCF / Revenue
-10.4%
-4.9%
Capex IntensityCapex / Revenue
0.7%
17.4%
Cash ConversionOCF / Net Profit
3.69×
TTM Free Cash FlowTrailing 4 quarters
$-30.5M
$-18.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PAR
PAR
PTLO
PTLO
Q4 25
$-11.8M
$23.2M
Q3 25
$8.4M
$20.0M
Q2 25
$-6.6M
$19.2M
Q1 25
$-17.2M
$9.4M
Q4 24
$3.4M
$26.1M
Q3 24
$8.8M
$30.3M
Q2 24
$-13.8M
$32.6M
Q1 24
$-23.6M
$9.1M
Free Cash Flow
PAR
PAR
PTLO
PTLO
Q4 25
$-12.5M
$-9.2M
Q3 25
$7.0M
$-5.0M
Q2 25
$-7.4M
$5.2M
Q1 25
$-17.6M
$-9.6M
Q4 24
$3.2M
$-5.6M
Q3 24
$8.4M
$7.7M
Q2 24
$-14.2M
$15.6M
Q1 24
$-23.6M
$-7.9M
FCF Margin
PAR
PAR
PTLO
PTLO
Q4 25
-10.4%
-4.9%
Q3 25
5.9%
-2.7%
Q2 25
-6.6%
2.8%
Q1 25
-16.9%
-5.4%
Q4 24
3.0%
-3.0%
Q3 24
8.7%
4.3%
Q2 24
-18.2%
8.6%
Q1 24
-33.7%
-4.7%
Capex Intensity
PAR
PAR
PTLO
PTLO
Q4 25
0.7%
17.4%
Q3 25
1.1%
13.8%
Q2 25
0.7%
7.5%
Q1 25
0.4%
10.8%
Q4 24
0.2%
17.2%
Q3 24
0.4%
12.7%
Q2 24
0.5%
9.3%
Q1 24
0.1%
10.2%
Cash Conversion
PAR
PAR
PTLO
PTLO
Q4 25
3.69×
Q3 25
16.51×
Q2 25
2.21×
Q1 25
2.85×
Q4 24
2.10×
Q3 24
4.20×
Q2 24
-0.26×
5.03×
Q1 24
1.99×

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%

PTLO
PTLO

Segment breakdown not available.

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