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Side-by-side financial comparison of PAR TECHNOLOGY CORP (PAR) and GeneDx Holdings Corp. (WGS). Click either name above to swap in a different company.

GeneDx Holdings Corp. is the larger business by last-quarter revenue ($121.0M vs $120.1M, roughly 1.0× PAR TECHNOLOGY CORP). On growth, GeneDx Holdings Corp. posted the faster year-over-year revenue change (26.5% vs 14.4%). GeneDx Holdings Corp. produced more free cash flow last quarter ($-7.4M vs $-12.5M). Over the past eight quarters, GeneDx Holdings Corp.'s revenue compounded faster (39.2% 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.

GeneDx is a genetic testing company that was founded in 2000 by two scientists from the National Institutes of Health (NIH), Sherri Bale and John Compton. They started the company to provide clinical diagnostic services for patients and families with rare and ultra-rare disorders, for which no such commercial testing was available at the time. The company started in the Technology Development Center, a biotech incubator supported by the state of Maryland and Montgomery County, MD. In 2006, Bi...

PAR vs WGS — Head-to-Head

Bigger by revenue
WGS
WGS
1.0× larger
WGS
$121.0M
$120.1M
PAR
Growing faster (revenue YoY)
WGS
WGS
+12.1% gap
WGS
26.5%
14.4%
PAR
More free cash flow
WGS
WGS
$5.1M more FCF
WGS
$-7.4M
$-12.5M
PAR
Faster 2-yr revenue CAGR
WGS
WGS
Annualised
WGS
39.2%
30.9%
PAR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PAR
PAR
WGS
WGS
Revenue
$120.1M
$121.0M
Net Profit
$-17.7M
Gross Margin
41.2%
69.6%
Operating Margin
-15.0%
-11.8%
Net Margin
-14.6%
Revenue YoY
14.4%
26.5%
Net Profit YoY
-424.9%
EPS (diluted)
$-0.52
$-0.59

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
WGS
WGS
Q4 25
$120.1M
$121.0M
Q3 25
$119.2M
$116.7M
Q2 25
$112.4M
$102.7M
Q1 25
$103.9M
$87.1M
Q4 24
$105.0M
$95.6M
Q3 24
$96.8M
$76.9M
Q2 24
$78.2M
$70.5M
Q1 24
$70.1M
$62.4M
Net Profit
PAR
PAR
WGS
WGS
Q4 25
$-17.7M
Q3 25
$-18.2M
$-7.6M
Q2 25
$-21.0M
$10.8M
Q1 25
$-24.4M
$-6.5M
Q4 24
$5.4M
Q3 24
$-19.8M
$-8.3M
Q2 24
$54.2M
$-29.2M
Q1 24
$-18.3M
$-20.2M
Gross Margin
PAR
PAR
WGS
WGS
Q4 25
41.2%
69.6%
Q3 25
41.3%
72.4%
Q2 25
45.4%
69.0%
Q1 25
46.5%
67.1%
Q4 24
42.9%
69.2%
Q3 24
44.5%
62.2%
Q2 24
41.0%
60.9%
Q1 24
37.2%
59.9%
Operating Margin
PAR
PAR
WGS
WGS
Q4 25
-15.0%
-11.8%
Q3 25
-14.8%
-2.8%
Q2 25
-15.4%
8.7%
Q1 25
-15.2%
-5.2%
Q4 24
-15.6%
9.2%
Q3 24
-15.7%
-10.1%
Q2 24
-26.5%
-15.0%
Q1 24
-38.2%
-21.9%
Net Margin
PAR
PAR
WGS
WGS
Q4 25
-14.6%
Q3 25
-15.3%
-6.5%
Q2 25
-18.7%
10.5%
Q1 25
-23.4%
-7.5%
Q4 24
5.7%
Q3 24
-20.5%
-10.8%
Q2 24
69.3%
-41.4%
Q1 24
-26.1%
-32.4%
EPS (diluted)
PAR
PAR
WGS
WGS
Q4 25
$-0.52
$-0.59
Q3 25
$-0.45
$-0.27
Q2 25
$-0.52
$0.36
Q1 25
$-0.60
$-0.23
Q4 24
$-0.56
$0.25
Q3 24
$-0.56
$-0.31
Q2 24
$1.60
$-1.10
Q1 24
$-0.62
$-0.78

Balance Sheet & Financial Strength

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

Metric
PAR
PAR
WGS
WGS
Cash + ST InvestmentsLiquidity on hand
$80.1M
$171.3M
Total DebtLower is stronger
$394.0M
$54.5M
Stockholders' EquityBook value
$825.1M
$308.2M
Total Assets
$1.4B
$523.7M
Debt / EquityLower = less leverage
0.48×
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PAR
PAR
WGS
WGS
Q4 25
$80.1M
$171.3M
Q3 25
$93.0M
$155.1M
Q2 25
$85.7M
$134.6M
Q1 25
$92.2M
$159.2M
Q4 24
$108.6M
$141.2M
Q3 24
$118.4M
$116.5M
Q2 24
$142.5M
$106.9M
Q1 24
$72.5M
$112.9M
Total Debt
PAR
PAR
WGS
WGS
Q4 25
$394.0M
$54.5M
Q3 25
$393.4M
$54.8M
Q2 25
$392.8M
$55.1M
Q1 25
$392.3M
$55.5M
Q4 24
$368.4M
$55.8M
Q3 24
$466.7M
$56.1M
Q2 24
$378.7M
$56.3M
Q1 24
$378.2M
$56.3M
Stockholders' Equity
PAR
PAR
WGS
WGS
Q4 25
$825.1M
$308.2M
Q3 25
$838.0M
$292.3M
Q2 25
$859.1M
$277.1M
Q1 25
$852.0M
$257.4M
Q4 24
$871.7M
$245.2M
Q3 24
$692.7M
$204.5M
Q2 24
$588.3M
$194.0M
Q1 24
$526.4M
$207.2M
Total Assets
PAR
PAR
WGS
WGS
Q4 25
$1.4B
$523.7M
Q3 25
$1.4B
$493.9M
Q2 25
$1.4B
$463.9M
Q1 25
$1.4B
$446.4M
Q4 24
$1.4B
$419.4M
Q3 24
$1.3B
$408.8M
Q2 24
$1.1B
$389.1M
Q1 24
$1.0B
$394.5M
Debt / Equity
PAR
PAR
WGS
WGS
Q4 25
0.48×
0.18×
Q3 25
0.47×
0.19×
Q2 25
0.46×
0.20×
Q1 25
0.46×
0.22×
Q4 24
0.42×
0.23×
Q3 24
0.67×
0.27×
Q2 24
0.64×
0.29×
Q1 24
0.72×
0.27×

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
WGS
WGS
Operating Cash FlowLast quarter
$-11.8M
$-3.1M
Free Cash FlowOCF − Capex
$-12.5M
$-7.4M
FCF MarginFCF / Revenue
-10.4%
-6.1%
Capex IntensityCapex / Revenue
0.7%
3.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-30.5M
$14.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PAR
PAR
WGS
WGS
Q4 25
$-11.8M
$-3.1M
Q3 25
$8.4M
$15.8M
Q2 25
$-6.6M
$10.4M
Q1 25
$-17.2M
$10.2M
Q4 24
$3.4M
$-3.2M
Q3 24
$8.8M
$-4.4M
Q2 24
$-13.8M
$-4.5M
Q1 24
$-23.6M
$-16.4M
Free Cash Flow
PAR
PAR
WGS
WGS
Q4 25
$-12.5M
$-7.4M
Q3 25
$7.0M
$9.6M
Q2 25
$-7.4M
$8.1M
Q1 25
$-17.6M
$4.1M
Q4 24
$3.2M
$-6.2M
Q3 24
$8.4M
$-5.0M
Q2 24
$-14.2M
$-5.9M
Q1 24
$-23.6M
$-16.9M
FCF Margin
PAR
PAR
WGS
WGS
Q4 25
-10.4%
-6.1%
Q3 25
5.9%
8.2%
Q2 25
-6.6%
7.8%
Q1 25
-16.9%
4.7%
Q4 24
3.0%
-6.5%
Q3 24
8.7%
-6.6%
Q2 24
-18.2%
-8.3%
Q1 24
-33.7%
-27.0%
Capex Intensity
PAR
PAR
WGS
WGS
Q4 25
0.7%
3.6%
Q3 25
1.1%
5.3%
Q2 25
0.7%
2.3%
Q1 25
0.4%
7.0%
Q4 24
0.2%
3.2%
Q3 24
0.4%
0.8%
Q2 24
0.5%
1.9%
Q1 24
0.1%
0.7%
Cash Conversion
PAR
PAR
WGS
WGS
Q4 25
Q3 25
Q2 25
0.96×
Q1 25
Q4 24
-0.59×
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%

WGS
WGS

Diagnostic Test Third Party Insurance$101.1M84%
Diagnostic Test Institutional Customers$15.5M13%
Other$3.4M3%

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