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PAR TECHNOLOGY CORP（PAR）与PDF SOLUTIONS INC（PDFS）财务数据对比。点击上方公司名可切换其他公司
PAR TECHNOLOGY CORP的季度营收约是PDF SOLUTIONS INC的1.9倍（$120.1M vs $62.4M），PDF SOLUTIONS INC同比增速更快（24.6% vs 14.4%），PDF SOLUTIONS INC自由现金流更多（$7.5M vs $-12.5M），过去两年PAR TECHNOLOGY CORP的营收复合增速更高（30.9% vs 22.9%）
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。
PDF Solutions Inc是一家总部位于美国加利福尼亚州圣克拉拉的跨国企业，主营软件业务与工程技术服务，目前在纳斯达克交易所挂牌上市，股票代码为PDFS。
PAR vs PDFS — 直观对比
营收规模更大
PAR
是对方的1.9倍
$62.4M
营收增速更快
PDFS
高出10.2%
14.4%
自由现金流更多
PDFS
多$20.1M
$-12.5M
两年增速更快
PAR
近两年复合增速
22.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $120.1M | $62.4M |
| 净利润 | — | $-48.0K |
| 毛利率 | 41.2% | 72.9% |
| 营业利润率 | -15.0% | 5.5% |
| 净利率 | — | -0.1% |
| 营收同比 | 14.4% | 24.6% |
| 净利润同比 | — | -108.9% |
| 每股收益（稀释后） | $-0.52 | $0.00 |
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PARPDFS
| Q4 25 | $120.1M | $62.4M | ||
| Q3 25 | $119.2M | $57.1M | ||
| Q2 25 | $112.4M | $51.7M | ||
| Q1 25 | $103.9M | $47.8M | ||
| Q4 24 | $105.0M | $50.1M | ||
| Q3 24 | $96.8M | $46.4M | ||
| Q2 24 | $78.2M | $41.7M | ||
| Q1 24 | $70.1M | $41.3M |
净利润PARPDFS
| Q4 25 | — | $-48.0K | ||
| Q3 25 | $-18.2M | $1.3M | ||
| Q2 25 | $-21.0M | $1.1M | ||
| Q1 25 | $-24.4M | $-3.0M | ||
| Q4 24 | — | $539.0K | ||
| Q3 24 | $-19.8M | $2.2M | ||
| Q2 24 | $54.2M | $1.7M | ||
| Q1 24 | $-18.3M | $-393.0K |
毛利率PARPDFS
| Q4 25 | 41.2% | 72.9% | ||
| Q3 25 | 41.3% | 72.3% | ||
| Q2 25 | 45.4% | 71.2% | ||
| Q1 25 | 46.5% | 72.9% | ||
| Q4 24 | 42.9% | 68.3% | ||
| Q3 24 | 44.5% | 73.1% | ||
| Q2 24 | 41.0% | 70.6% | ||
| Q1 24 | 37.2% | 67.3% |
营业利润率PARPDFS
| Q4 25 | -15.0% | 5.5% | ||
| Q3 25 | -14.8% | 8.5% | ||
| Q2 25 | -15.4% | 2.2% | ||
| Q1 25 | -15.2% | -7.4% | ||
| Q4 24 | -15.6% | 1.0% | ||
| Q3 24 | -15.7% | 4.6% | ||
| Q2 24 | -26.5% | 0.6% | ||
| Q1 24 | -38.2% | -4.7% |
净利率PARPDFS
| Q4 25 | — | -0.1% | ||
| Q3 25 | -15.3% | 2.3% | ||
| Q2 25 | -18.7% | 2.2% | ||
| Q1 25 | -23.4% | -6.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | -20.5% | 4.8% | ||
| Q2 24 | 69.3% | 4.1% | ||
| Q1 24 | -26.1% | -1.0% |
每股收益（稀释后）PARPDFS
| Q4 25 | $-0.52 | $0.00 | ||
| Q3 25 | $-0.45 | $0.03 | ||
| Q2 25 | $-0.52 | $0.03 | ||
| Q1 25 | $-0.60 | $-0.08 | ||
| Q4 24 | $-0.56 | $0.01 | ||
| Q3 24 | $-0.56 | $0.06 | ||
| Q2 24 | $1.60 | $0.04 | ||
| Q1 24 | $-0.62 | $-0.01 |
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 | $80.1M | $42.2M |
| 总债务越低越好 | $394.0M | $67.0M |
| 股东权益账面价值 | $825.1M | $271.0M |
| 总资产 | $1.4B | $418.7M |
| 负债/权益比越低杠杆越低 | 0.48× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资PARPDFS
| Q4 25 | $80.1M | $42.2M | ||
| Q3 25 | $93.0M | $35.9M | ||
| Q2 25 | $85.7M | $40.4M | ||
| Q1 25 | $92.2M | $54.1M | ||
| Q4 24 | $108.6M | $114.9M | ||
| Q3 24 | $118.4M | $120.2M | ||
| Q2 24 | $142.5M | $117.9M | ||
| Q1 24 | $72.5M | $122.9M |
总债务PARPDFS
| Q4 25 | $394.0M | $67.0M | ||
| Q3 25 | $393.4M | $67.6M | ||
| Q2 25 | $392.8M | $68.1M | ||
| Q1 25 | $392.3M | $68.7M | ||
| Q4 24 | $368.4M | — | ||
| Q3 24 | $466.7M | — | ||
| Q2 24 | $378.7M | — | ||
| Q1 24 | $378.2M | — |
股东权益PARPDFS
| Q4 25 | $825.1M | $271.0M | ||
| Q3 25 | $838.0M | $264.4M | ||
| Q2 25 | $859.1M | $257.5M | ||
| Q1 25 | $852.0M | $249.0M | ||
| Q4 24 | $871.7M | $246.0M | ||
| Q3 24 | $692.7M | $240.5M | ||
| Q2 24 | $588.3M | $232.2M | ||
| Q1 24 | $526.4M | $225.4M |
总资产PARPDFS
| Q4 25 | $1.4B | $418.7M | ||
| Q3 25 | $1.4B | $406.4M | ||
| Q2 25 | $1.4B | $391.1M | ||
| Q1 25 | $1.4B | $390.0M | ||
| Q4 24 | $1.4B | $315.3M | ||
| Q3 24 | $1.3B | $307.4M | ||
| Q2 24 | $1.1B | $298.0M | ||
| Q1 24 | $1.0B | $286.8M |
负债/权益比PARPDFS
| Q4 25 | 0.48× | 0.25× | ||
| Q3 25 | 0.47× | 0.26× | ||
| Q2 25 | 0.46× | 0.26× | ||
| Q1 25 | 0.46× | 0.28× | ||
| Q4 24 | 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 | $-11.8M | $17.3M |
| 自由现金流经营现金流 - 资本支出 | $-12.5M | $7.5M |
| 自由现金流率自由现金流/营收 | -10.4% | 12.1% |
| 资本支出强度资本支出/营收 | 0.7% | 15.7% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-30.5M | $-8.6M |
8季度趋势，按日历期对齐
经营现金流PARPDFS
| Q4 25 | $-11.8M | $17.3M | ||
| Q3 25 | $8.4M | $3.3M | ||
| Q2 25 | $-6.6M | $-5.2M | ||
| Q1 25 | $-17.2M | $8.6M | ||
| Q4 24 | $3.4M | $1.6M | ||
| Q3 24 | $8.8M | $9.3M | ||
| Q2 24 | $-13.8M | $684.0K | ||
| Q1 24 | $-23.6M | $-1.9M |
自由现金流PARPDFS
| Q4 25 | $-12.5M | $7.5M | ||
| Q3 25 | $7.0M | $-2.9M | ||
| Q2 25 | $-7.4M | $-13.8M | ||
| Q1 25 | $-17.6M | $535.0K | ||
| Q4 24 | $3.2M | $-4.0M | ||
| Q3 24 | $8.4M | $5.1M | ||
| Q2 24 | $-14.2M | $-4.6M | ||
| Q1 24 | $-23.6M | $-3.9M |
自由现金流率PARPDFS
| Q4 25 | -10.4% | 12.1% | ||
| Q3 25 | 5.9% | -5.1% | ||
| Q2 25 | -6.6% | -26.6% | ||
| Q1 25 | -16.9% | 1.1% | ||
| Q4 24 | 3.0% | -8.0% | ||
| Q3 24 | 8.7% | 11.0% | ||
| Q2 24 | -18.2% | -11.1% | ||
| Q1 24 | -33.7% | -9.4% |
资本支出强度PARPDFS
| Q4 25 | 0.7% | 15.7% | ||
| Q3 25 | 1.1% | 10.8% | ||
| Q2 25 | 0.7% | 16.5% | ||
| Q1 25 | 0.4% | 17.0% | ||
| Q4 24 | 0.2% | 11.3% | ||
| Q3 24 | 0.4% | 9.0% | ||
| Q2 24 | 0.5% | 12.8% | ||
| Q1 24 | 0.1% | 4.9% |
现金转化率PARPDFS
| Q4 25 | — | — | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | -4.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.98× | ||
| Q3 24 | — | 4.20× | ||
| Q2 24 | -0.26× | 0.40× | ||
| 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
PAR
| Subscription Service | $76.1M | 63% |
| Hardware | $27.8M | 23% |
| Professional Service | $16.2M | 13% |
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
