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Side-by-side financial comparison of PAR TECHNOLOGY CORP (PAR) and QUHUO Ltd (QH). Click either name above to swap in a different company.

QUHUO Ltd is the larger business by last-quarter revenue ($157.9M vs $120.1M, roughly 1.3× PAR TECHNOLOGY CORP).

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.

QUHUO Ltd. operates an on-demand lifestyle service platform focused on the Chinese mainland market. Its core offerings include gig workforce solutions, community group-buy services, and local life service matching for merchants and individual users, covering household services, catering operation support, and community retail segments to effectively connect service providers with end consumers.

PAR vs QH — Head-to-Head

Bigger by revenue
QH
QH
1.3× larger
QH
$157.9M
$120.1M
PAR

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
PAR
PAR
QH
QH
Revenue
$120.1M
$157.9M
Net Profit
Gross Margin
41.2%
Operating Margin
-15.0%
Net Margin
Revenue YoY
14.4%
Net Profit YoY
EPS (diluted)
$-0.52

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
QH
QH
Q4 25
$120.1M
Q3 25
$119.2M
Q2 25
$112.4M
$157.9M
Q1 25
$103.9M
Q4 24
$105.0M
Q3 24
$96.8M
Q2 24
$78.2M
$222.9M
Q1 24
$70.1M
Net Profit
PAR
PAR
QH
QH
Q4 25
Q3 25
$-18.2M
Q2 25
$-21.0M
Q1 25
$-24.4M
Q4 24
Q3 24
$-19.8M
Q2 24
$54.2M
$-6.4M
Q1 24
$-18.3M
Gross Margin
PAR
PAR
QH
QH
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%
1.5%
Q1 24
37.2%
Operating Margin
PAR
PAR
QH
QH
Q4 25
-15.0%
Q3 25
-14.8%
Q2 25
-15.4%
Q1 25
-15.2%
Q4 24
-15.6%
Q3 24
-15.7%
Q2 24
-26.5%
-2.7%
Q1 24
-38.2%
Net Margin
PAR
PAR
QH
QH
Q4 25
Q3 25
-15.3%
Q2 25
-18.7%
Q1 25
-23.4%
Q4 24
Q3 24
-20.5%
Q2 24
69.3%
-2.9%
Q1 24
-26.1%
EPS (diluted)
PAR
PAR
QH
QH
Q4 25
$-0.52
Q3 25
$-0.45
Q2 25
$-0.52
Q1 25
$-0.60
Q4 24
$-0.56
Q3 24
$-0.56
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
QH
QH
Cash + ST InvestmentsLiquidity on hand
$80.1M
$4.3M
Total DebtLower is stronger
$394.0M
$858.0K
Stockholders' EquityBook value
$825.1M
$57.4M
Total Assets
$1.4B
$118.4M
Debt / EquityLower = less leverage
0.48×
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PAR
PAR
QH
QH
Q4 25
$80.1M
Q3 25
$93.0M
Q2 25
$85.7M
$4.3M
Q1 25
$92.2M
Q4 24
$108.6M
Q3 24
$118.4M
Q2 24
$142.5M
$14.3M
Q1 24
$72.5M
Total Debt
PAR
PAR
QH
QH
Q4 25
$394.0M
Q3 25
$393.4M
Q2 25
$392.8M
$858.0K
Q1 25
$392.3M
Q4 24
$368.4M
Q3 24
$466.7M
Q2 24
$378.7M
$1.2M
Q1 24
$378.2M
Stockholders' Equity
PAR
PAR
QH
QH
Q4 25
$825.1M
Q3 25
$838.0M
Q2 25
$859.1M
$57.4M
Q1 25
$852.0M
Q4 24
$871.7M
Q3 24
$692.7M
Q2 24
$588.3M
$64.6M
Q1 24
$526.4M
Total Assets
PAR
PAR
QH
QH
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.4B
$118.4M
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.3B
Q2 24
$1.1B
$135.0M
Q1 24
$1.0B
Debt / Equity
PAR
PAR
QH
QH
Q4 25
0.48×
Q3 25
0.47×
Q2 25
0.46×
0.01×
Q1 25
0.46×
Q4 24
0.42×
Q3 24
0.67×
Q2 24
0.64×
0.02×
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
QH
QH
Operating Cash FlowLast quarter
$-11.8M
$-5.8M
Free Cash FlowOCF − Capex
$-12.5M
FCF MarginFCF / Revenue
-10.4%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-30.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PAR
PAR
QH
QH
Q4 25
$-11.8M
Q3 25
$8.4M
Q2 25
$-6.6M
$-5.8M
Q1 25
$-17.2M
Q4 24
$3.4M
Q3 24
$8.8M
Q2 24
$-13.8M
Q1 24
$-23.6M
Free Cash Flow
PAR
PAR
QH
QH
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
QH
QH
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
QH
QH
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
QH
QH
Q4 25
Q3 25
Q2 25
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%

QH
QH

Segment breakdown not available.

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