vs
NCR Atleos Corp（NATL）与PAR TECHNOLOGY CORP（PAR）财务数据对比。点击上方公司名可切换其他公司
NCR Atleos Corp的季度营收约是PAR TECHNOLOGY CORP的9.6倍（$1.2B vs $120.1M）。PAR TECHNOLOGY CORP同比增速更快（14.4% vs 4.0%）。NCR Atleos Corp自由现金流更多（$194.0M vs $-12.5M）。过去两年PAR TECHNOLOGY CORP的营收复合增速更高（30.9% vs 4.9%）
NCR Atleos Corp 前身为NCR公司（National Cash Register），是全球知名的软件、咨询与技术企业，提供多元专业服务与电子产品，业务覆盖自助服务 kiosk、销售点终端、自动柜员机、支票处理系统、条码扫描器等商用软硬件的研发与生产，服务全球各行业客户的数字化运营需求。
PAR科技公司是全球领先的销售点系统、餐饮酒店管理软件及集成技术解决方案提供商，核心业务覆盖餐饮服务、酒店文旅及政府安防领域，为各类规模客户提供云端工具以简化运营、提升消费体验与经营效率。
NATL vs PAR — 直观对比
营收规模更大
NATL
是对方的9.6倍
$120.1M
营收增速更快
PAR
高出10.4%
4.0%
自由现金流更多
NATL
多$206.5M
$-12.5M
两年增速更快
PAR
近两年复合增速
4.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $120.1M |
| 净利润 | $83.0M | — |
| 毛利率 | — | 41.2% |
| 营业利润率 | 13.5% | -15.0% |
| 净利率 | 7.2% | — |
| 营收同比 | 4.0% | 14.4% |
| 净利润同比 | 102.4% | — |
| 每股收益（稀释后） | $1.09 | $-0.52 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收NATLPAR
| Q4 25 | $1.2B | $120.1M | ||
| Q3 25 | $1.1B | $119.2M | ||
| Q2 25 | $1.1B | $112.4M | ||
| Q1 25 | $979.0M | $103.9M | ||
| Q4 24 | $1.1B | $105.0M | ||
| Q3 24 | $1.1B | $96.8M | ||
| Q2 24 | $1.1B | $78.2M | ||
| Q1 24 | $1.0B | $70.1M |
净利润NATLPAR
| Q4 25 | $83.0M | — | ||
| Q3 25 | $26.0M | $-18.2M | ||
| Q2 25 | $39.0M | $-21.0M | ||
| Q1 25 | $14.0M | $-24.4M | ||
| Q4 24 | $41.0M | — | ||
| Q3 24 | $21.0M | $-19.8M | ||
| Q2 24 | $27.0M | $54.2M | ||
| Q1 24 | $-9.0M | $-18.3M |
毛利率NATLPAR
| 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% |
营业利润率NATLPAR
| Q4 25 | 13.5% | -15.0% | ||
| Q3 25 | 9.8% | -14.8% | ||
| Q2 25 | 10.8% | -15.4% | ||
| Q1 25 | 9.5% | -15.2% | ||
| Q4 24 | 13.4% | -15.6% | ||
| Q3 24 | 10.6% | -15.7% | ||
| Q2 24 | 9.8% | -26.5% | ||
| Q1 24 | 6.5% | -38.2% |
净利率NATLPAR
| Q4 25 | 7.2% | — | ||
| Q3 25 | 2.3% | -15.3% | ||
| Q2 25 | 3.5% | -18.7% | ||
| Q1 25 | 1.4% | -23.4% | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 2.0% | -20.5% | ||
| Q2 24 | 2.5% | 69.3% | ||
| Q1 24 | -0.9% | -26.1% |
每股收益（稀释后）NATLPAR
| Q4 25 | $1.09 | $-0.52 | ||
| Q3 25 | $0.34 | $-0.45 | ||
| Q2 25 | $0.52 | $-0.52 | ||
| Q1 25 | $0.19 | $-0.60 | ||
| Q4 24 | $0.56 | $-0.56 | ||
| Q3 24 | $0.28 | $-0.56 | ||
| Q2 24 | $0.37 | $1.60 | ||
| Q1 24 | $-0.13 | $-0.62 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $456.0M | $80.1M |
| 总债务越低越好 | $2.7B | $394.0M |
| 股东权益账面价值 | $403.0M | $825.1M |
| 总资产 | $5.7B | $1.4B |
| 负债/权益比越低杠杆越低 | 6.63× | 0.48× |
8季度趋势，按日历期对齐
现金及短期投资NATLPAR
| Q4 25 | $456.0M | $80.1M | ||
| Q3 25 | $412.0M | $93.0M | ||
| Q2 25 | $357.0M | $85.7M | ||
| Q1 25 | $352.0M | $92.2M | ||
| Q4 24 | $419.0M | $108.6M | ||
| Q3 24 | $395.0M | $118.4M | ||
| Q2 24 | $374.0M | $142.5M | ||
| Q1 24 | $343.0M | $72.5M |
总债务NATLPAR
| Q4 25 | $2.7B | $394.0M | ||
| Q3 25 | $2.8B | $393.4M | ||
| Q2 25 | $2.8B | $392.8M | ||
| Q1 25 | — | $392.3M | ||
| Q4 24 | $2.9B | $368.4M | ||
| Q3 24 | — | $466.7M | ||
| Q2 24 | — | $378.7M | ||
| Q1 24 | — | $378.2M |
股东权益NATLPAR
| Q4 25 | $403.0M | $825.1M | ||
| Q3 25 | $330.0M | $838.0M | ||
| Q2 25 | $350.0M | $859.1M | ||
| Q1 25 | $275.0M | $852.0M | ||
| Q4 24 | $219.0M | $871.7M | ||
| Q3 24 | $264.0M | $692.7M | ||
| Q2 24 | $250.0M | $588.3M | ||
| Q1 24 | $283.0M | $526.4M |
总资产NATLPAR
| Q4 25 | $5.7B | $1.4B | ||
| Q3 25 | $5.7B | $1.4B | ||
| Q2 25 | $5.8B | $1.4B | ||
| Q1 25 | $5.7B | $1.4B | ||
| Q4 24 | $5.5B | $1.4B | ||
| Q3 24 | $5.7B | $1.3B | ||
| Q2 24 | $5.8B | $1.1B | ||
| Q1 24 | $5.8B | $1.0B |
负债/权益比NATLPAR
| Q4 25 | 6.63× | 0.48× | ||
| Q3 25 | 8.45× | 0.47× | ||
| Q2 25 | 8.05× | 0.46× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | 13.05× | 0.42× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.72× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $231.0M | $-11.8M |
| 自由现金流经营现金流 - 资本支出 | $194.0M | $-12.5M |
| 自由现金流率自由现金流/营收 | 16.8% | -10.4% |
| 资本支出强度资本支出/营收 | 3.2% | 0.7% |
| 现金转化率经营现金流/净利润 | 2.78× | — |
| 过去12个月自由现金流最近4个季度 | $239.0M | $-30.5M |
8季度趋势，按日历期对齐
经营现金流NATLPAR
| Q4 25 | $231.0M | $-11.8M | ||
| Q3 25 | $25.0M | $8.4M | ||
| Q2 25 | $-23.0M | $-6.6M | ||
| Q1 25 | $123.0M | $-17.2M | ||
| Q4 24 | $80.0M | $3.4M | ||
| Q3 24 | $107.0M | $8.8M | ||
| Q2 24 | $9.0M | $-13.8M | ||
| Q1 24 | $148.0M | $-23.6M |
自由现金流NATLPAR
| Q4 25 | $194.0M | $-12.5M | ||
| Q3 25 | $-5.0M | $7.0M | ||
| Q2 25 | $-44.0M | $-7.4M | ||
| Q1 25 | $94.0M | $-17.6M | ||
| Q4 24 | $62.0M | $3.2M | ||
| Q3 24 | $85.0M | $8.4M | ||
| Q2 24 | $-14.0M | $-14.2M | ||
| Q1 24 | $124.0M | $-23.6M |
自由现金流率NATLPAR
| Q4 25 | 16.8% | -10.4% | ||
| Q3 25 | -0.4% | 5.9% | ||
| Q2 25 | -4.0% | -6.6% | ||
| Q1 25 | 9.6% | -16.9% | ||
| Q4 24 | 5.6% | 3.0% | ||
| Q3 24 | 7.9% | 8.7% | ||
| Q2 24 | -1.3% | -18.2% | ||
| Q1 24 | 11.9% | -33.7% |
资本支出强度NATLPAR
| Q4 25 | 3.2% | 0.7% | ||
| Q3 25 | 2.7% | 1.1% | ||
| Q2 25 | 1.9% | 0.7% | ||
| Q1 25 | 3.0% | 0.4% | ||
| Q4 24 | 1.6% | 0.2% | ||
| Q3 24 | 2.1% | 0.4% | ||
| Q2 24 | 2.1% | 0.5% | ||
| Q1 24 | 2.3% | 0.1% |
现金转化率NATLPAR
| Q4 25 | 2.78× | — | ||
| Q3 25 | 0.96× | — | ||
| Q2 25 | -0.59× | — | ||
| Q1 25 | 8.79× | — | ||
| Q4 24 | 1.95× | — | ||
| Q3 24 | 5.10× | — | ||
| Q2 24 | 0.33× | -0.26× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
NATL
| Services | $848.0M | 74% |
| APJ | $136.0M | 12% |
| Americas Excluding United States | $135.0M | 12% |
| TT | $44.0M | 4% |
PAR
| Subscription Service | $76.1M | 63% |
| Hardware | $27.8M | 23% |
| Professional Service | $16.2M | 13% |
