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PAR TECHNOLOGY CORP（PAR）与null（SWIM）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null的1.2倍（$120.1M vs $100.0M），null同比增速更快（14.5% vs 14.4%），null自由现金流更多（$14.1M vs $-12.5M），过去两年PAR TECHNOLOGY CORP的营收复合增速更高（30.9% vs -4.9%）
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。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
PAR vs SWIM — 直观对比
营收规模更大
PAR
是对方的1.2倍
$100.0M
营收增速更快
SWIM
高出0.1%
14.4%
自由现金流更多
SWIM
多$26.6M
$-12.5M
两年增速更快
PAR
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $120.1M | $100.0M |
| 净利润 | — | $-7.0M |
| 毛利率 | 41.2% | 28.0% |
| 营业利润率 | -15.0% | -10.7% |
| 净利率 | — | -7.0% |
| 营收同比 | 14.4% | 14.5% |
| 净利润同比 | — | 76.0% |
| 每股收益（稀释后） | $-0.52 | $-0.06 |
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PARSWIM
| Q4 25 | $120.1M | $100.0M | ||
| Q3 25 | $119.2M | $161.9M | ||
| Q2 25 | $112.4M | $172.6M | ||
| Q1 25 | $103.9M | $111.4M | ||
| Q4 24 | $105.0M | $87.3M | ||
| Q3 24 | $96.8M | $150.5M | ||
| Q2 24 | $78.2M | $160.1M | ||
| Q1 24 | $70.1M | $110.6M |
净利润PARSWIM
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $-18.2M | $8.1M | ||
| Q2 25 | $-21.0M | $16.0M | ||
| Q1 25 | $-24.4M | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $-19.8M | $5.9M | ||
| Q2 24 | $54.2M | $13.3M | ||
| Q1 24 | $-18.3M | $-7.9M |
毛利率PARSWIM
| Q4 25 | 41.2% | 28.0% | ||
| Q3 25 | 41.3% | 35.4% | ||
| Q2 25 | 45.4% | 37.1% | ||
| Q1 25 | 46.5% | 29.5% | ||
| Q4 24 | 42.9% | 24.6% | ||
| Q3 24 | 44.5% | 32.4% | ||
| Q2 24 | 41.0% | 33.1% | ||
| Q1 24 | 37.2% | 27.7% |
营业利润率PARSWIM
| Q4 25 | -15.0% | -10.7% | ||
| Q3 25 | -14.8% | 13.3% | ||
| Q2 25 | -15.4% | 14.3% | ||
| Q1 25 | -15.2% | -4.4% | ||
| Q4 24 | -15.6% | -14.9% | ||
| Q3 24 | -15.7% | 8.9% | ||
| Q2 24 | -26.5% | 12.5% | ||
| Q1 24 | -38.2% | -1.9% |
净利率PARSWIM
| Q4 25 | — | -7.0% | ||
| Q3 25 | -15.3% | 5.0% | ||
| Q2 25 | -18.7% | 9.3% | ||
| Q1 25 | -23.4% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | -20.5% | 3.9% | ||
| Q2 24 | 69.3% | 8.3% | ||
| Q1 24 | -26.1% | -7.1% |
每股收益（稀释后）PARSWIM
| Q4 25 | $-0.52 | $-0.06 | ||
| Q3 25 | $-0.45 | $0.07 | ||
| Q2 25 | $-0.52 | $0.13 | ||
| Q1 25 | $-0.60 | $-0.05 | ||
| Q4 24 | $-0.56 | $-0.24 | ||
| Q3 24 | $-0.56 | $0.05 | ||
| Q2 24 | $1.60 | $0.11 | ||
| Q1 24 | $-0.62 | $-0.07 |
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 | — |
| 总债务越低越好 | $394.0M | $279.8M |
| 股东权益账面价值 | $825.1M | $405.9M |
| 总资产 | $1.4B | $823.2M |
| 负债/权益比越低杠杆越低 | 0.48× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资PARSWIM
| 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 | — |
总债务PARSWIM
| Q4 25 | $394.0M | $279.8M | ||
| Q3 25 | $393.4M | $281.1M | ||
| Q2 25 | $392.8M | $281.5M | ||
| Q1 25 | $392.3M | $306.9M | ||
| Q4 24 | $368.4M | $281.5M | ||
| Q3 24 | $466.7M | $282.8M | ||
| Q2 24 | $378.7M | $282.4M | ||
| Q1 24 | $378.2M | $282.8M |
股东权益PARSWIM
| Q4 25 | $825.1M | $405.9M | ||
| Q3 25 | $838.0M | $408.4M | ||
| Q2 25 | $859.1M | $398.4M | ||
| Q1 25 | $852.0M | $381.1M | ||
| Q4 24 | $871.7M | $387.2M | ||
| Q3 24 | $692.7M | $416.6M | ||
| Q2 24 | $588.3M | $408.1M | ||
| Q1 24 | $526.4M | $391.8M |
总资产PARSWIM
| Q4 25 | $1.4B | $823.2M | ||
| Q3 25 | $1.4B | $844.4M | ||
| Q2 25 | $1.4B | $822.1M | ||
| Q1 25 | $1.4B | $824.6M | ||
| Q4 24 | $1.4B | $794.2M | ||
| Q3 24 | $1.3B | $853.4M | ||
| Q2 24 | $1.1B | $830.0M | ||
| Q1 24 | $1.0B | $808.6M |
负债/权益比PARSWIM
| Q4 25 | 0.48× | 0.69× | ||
| Q3 25 | 0.47× | 0.69× | ||
| Q2 25 | 0.46× | 0.71× | ||
| Q1 25 | 0.46× | 0.81× | ||
| Q4 24 | 0.42× | 0.73× | ||
| Q3 24 | 0.67× | 0.68× | ||
| Q2 24 | 0.64× | 0.69× | ||
| Q1 24 | 0.72× | 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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-12.5M | $14.1M |
| 自由现金流率自由现金流/营收 | -10.4% | 14.1% |
| 资本支出强度资本支出/营收 | 0.7% | 9.2% |
| 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 | $38.0M |
8季度趋势，按日历期对齐
经营现金流PARSWIM
| Q4 25 | $-11.8M | $23.3M | ||
| Q3 25 | $8.4M | $51.0M | ||
| Q2 25 | $-6.6M | $36.0M | ||
| Q1 25 | $-17.2M | $-46.9M | ||
| Q4 24 | $3.4M | $6.2M | ||
| Q3 24 | $8.8M | $37.2M | ||
| Q2 24 | $-13.8M | $52.4M | ||
| Q1 24 | $-23.6M | $-34.5M |
自由现金流PARSWIM
| Q4 25 | $-12.5M | $14.1M | ||
| Q3 25 | $7.0M | $45.2M | ||
| Q2 25 | $-7.4M | $29.1M | ||
| Q1 25 | $-17.6M | $-50.3M | ||
| Q4 24 | $3.2M | $-98.0K | ||
| Q3 24 | $8.4M | $33.2M | ||
| Q2 24 | $-14.2M | $47.9M | ||
| Q1 24 | $-23.6M | $-39.9M |
自由现金流率PARSWIM
| Q4 25 | -10.4% | 14.1% | ||
| Q3 25 | 5.9% | 27.9% | ||
| Q2 25 | -6.6% | 16.8% | ||
| Q1 25 | -16.9% | -45.2% | ||
| Q4 24 | 3.0% | -0.1% | ||
| Q3 24 | 8.7% | 22.1% | ||
| Q2 24 | -18.2% | 29.9% | ||
| Q1 24 | -33.7% | -36.0% |
资本支出强度PARSWIM
| Q4 25 | 0.7% | 9.2% | ||
| Q3 25 | 1.1% | 3.6% | ||
| Q2 25 | 0.7% | 4.0% | ||
| Q1 25 | 0.4% | 3.1% | ||
| Q4 24 | 0.2% | 7.2% | ||
| Q3 24 | 0.4% | 2.7% | ||
| Q2 24 | 0.5% | 2.8% | ||
| Q1 24 | 0.1% | 4.8% |
现金转化率PARSWIM
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | -0.26× | 3.95× | ||
| 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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
