vs
PAR TECHNOLOGY CORP（PAR）与NCR Voyix Corp（VYX）财务数据对比。点击上方公司名可切换其他公司
NCR Voyix Corp的季度营收约是PAR TECHNOLOGY CORP的6.0倍（$720.0M vs $120.1M）。PAR TECHNOLOGY CORP同比增速更快（14.4% vs 6.2%）。过去两年PAR TECHNOLOGY CORP的营收复合增速更高（30.9% vs 0.7%）
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。
NCR Voyix是一家全球化软件、咨询与科技企业，前身为恩智瑞公司与国民收银机公司，核心业务涵盖专业技术服务与电子产品供应，曾生产自助服务终端、收银POS机、自动柜员机、支票处理系统及条码扫描器等设备。
PAR vs VYX — 直观对比
营收规模更大
VYX
是对方的6.0倍
$120.1M
营收增速更快
PAR
高出8.2%
6.2%
两年增速更快
PAR
近两年复合增速
0.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $120.1M | $720.0M |
| 净利润 | — | $98.0M |
| 毛利率 | 41.2% | — |
| 营业利润率 | -15.0% | 2.4% |
| 净利率 | — | 13.6% |
| 营收同比 | 14.4% | 6.2% |
| 净利润同比 | — | 990.9% |
| 每股收益（稀释后） | $-0.52 | $0.64 |
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PARVYX
| Q4 25 | $120.1M | $720.0M | ||
| Q3 25 | $119.2M | $684.0M | ||
| Q2 25 | $112.4M | $666.0M | ||
| Q1 25 | $103.9M | $617.0M | ||
| Q4 24 | $105.0M | $678.0M | ||
| Q3 24 | $96.8M | $708.0M | ||
| Q2 24 | $78.2M | $722.0M | ||
| Q1 24 | $70.1M | $710.0M |
净利润PARVYX
| Q4 25 | — | $98.0M | ||
| Q3 25 | $-18.2M | $-19.0M | ||
| Q2 25 | $-21.0M | $0 | ||
| Q1 25 | $-24.4M | $-17.0M | ||
| Q4 24 | — | $-11.0M | ||
| Q3 24 | $-19.8M | $1.1B | ||
| Q2 24 | $54.2M | $-73.0M | ||
| Q1 24 | $-18.3M | $-40.0M |
毛利率PARVYX
| Q4 25 | 41.2% | — | ||
| Q3 25 | 41.3% | — | ||
| Q2 25 | 45.4% | — | ||
| Q1 25 | 46.5% | — | ||
| Q4 24 | 42.9% | — | ||
| Q3 24 | 44.5% | 23.4% | ||
| Q2 24 | 41.0% | 17.5% | ||
| Q1 24 | 37.2% | 19.4% |
营业利润率PARVYX
| Q4 25 | -15.0% | 2.4% | ||
| Q3 25 | -14.8% | 2.2% | ||
| Q2 25 | -15.4% | 2.1% | ||
| Q1 25 | -15.2% | -3.2% | ||
| Q4 24 | -15.6% | -0.1% | ||
| Q3 24 | -15.7% | 2.3% | ||
| Q2 24 | -26.5% | -4.7% | ||
| Q1 24 | -38.2% | -2.7% |
净利率PARVYX
| Q4 25 | — | 13.6% | ||
| Q3 25 | -15.3% | -2.8% | ||
| Q2 25 | -18.7% | — | ||
| Q1 25 | -23.4% | -2.8% | ||
| Q4 24 | — | -1.6% | ||
| Q3 24 | -20.5% | 152.8% | ||
| Q2 24 | 69.3% | -10.1% | ||
| Q1 24 | -26.1% | -5.6% |
每股收益（稀释后）PARVYX
| Q4 25 | $-0.52 | $0.64 | ||
| Q3 25 | $-0.45 | $-0.16 | ||
| Q2 25 | $-0.52 | $-0.03 | ||
| Q1 25 | $-0.60 | $-0.15 | ||
| Q4 24 | $-0.56 | $-0.05 | ||
| Q3 24 | $-0.56 | $7.41 | ||
| Q2 24 | $1.60 | $-0.53 | ||
| Q1 24 | $-0.62 | $-0.31 |
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 | $231.0M |
| 总债务越低越好 | $394.0M | $1.1B |
| 股东权益账面价值 | $825.1M | $948.0M |
| 总资产 | $1.4B | $3.9B |
| 负债/权益比越低杠杆越低 | 0.48× | 1.17× |
8季度趋势，按日历期对齐
现金及短期投资PARVYX
| Q4 25 | $80.1M | $231.0M | ||
| Q3 25 | $93.0M | $282.0M | ||
| Q2 25 | $85.7M | $276.0M | ||
| Q1 25 | $92.2M | $573.0M | ||
| Q4 24 | $108.6M | $722.0M | ||
| Q3 24 | $118.4M | $792.0M | ||
| Q2 24 | $142.5M | $203.0M | ||
| Q1 24 | $72.5M | $241.0M |
总债务PARVYX
| Q4 25 | $394.0M | $1.1B | ||
| Q3 25 | $393.4M | — | ||
| Q2 25 | $392.8M | — | ||
| Q1 25 | $392.3M | — | ||
| Q4 24 | $368.4M | $1.1B | ||
| Q3 24 | $466.7M | — | ||
| Q2 24 | $378.7M | — | ||
| Q1 24 | $378.2M | — |
股东权益PARVYX
| Q4 25 | $825.1M | $948.0M | ||
| Q3 25 | $838.0M | $848.0M | ||
| Q2 25 | $859.1M | $867.0M | ||
| Q1 25 | $852.0M | $857.0M | ||
| Q4 24 | $871.7M | $933.0M | ||
| Q3 24 | $692.7M | $1.0B | ||
| Q2 24 | $588.3M | $-85.0M | ||
| Q1 24 | $526.4M | $-34.0M |
总资产PARVYX
| Q4 25 | $1.4B | $3.9B | ||
| Q3 25 | $1.4B | $4.0B | ||
| Q2 25 | $1.4B | $4.0B | ||
| Q1 25 | $1.4B | $4.3B | ||
| Q4 24 | $1.4B | $4.5B | ||
| Q3 24 | $1.3B | $4.7B | ||
| Q2 24 | $1.1B | $4.8B | ||
| Q1 24 | $1.0B | $5.0B |
负债/权益比PARVYX
| Q4 25 | 0.48× | 1.17× | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 0.42× | 1.18× | ||
| 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 | $60.0M |
| 自由现金流经营现金流 - 资本支出 | $-12.5M | — |
| 自由现金流率自由现金流/营收 | -10.4% | — |
| 资本支出强度资本支出/营收 | 0.7% | — |
| 现金转化率经营现金流/净利润 | — | 0.61× |
| 过去12个月自由现金流最近4个季度 | $-30.5M | — |
8季度趋势，按日历期对齐
经营现金流PARVYX
| Q4 25 | $-11.8M | $60.0M | ||
| Q3 25 | $8.4M | $14.0M | ||
| Q2 25 | $-6.6M | $-242.0M | ||
| Q1 25 | $-17.2M | $-42.0M | ||
| Q4 24 | $3.4M | $-170.0M | ||
| Q3 24 | $8.8M | $11.0M | ||
| Q2 24 | $-13.8M | $62.0M | ||
| Q1 24 | $-23.6M | $-35.0M |
自由现金流PARVYX
| Q4 25 | $-12.5M | — | ||
| Q3 25 | $7.0M | $10.0M | ||
| Q2 25 | $-7.4M | $-249.0M | ||
| Q1 25 | $-17.6M | $-50.0M | ||
| Q4 24 | $3.2M | $-177.0M | ||
| Q3 24 | $8.4M | $9.0M | ||
| Q2 24 | $-14.2M | $49.0M | ||
| Q1 24 | $-23.6M | $-43.0M |
自由现金流率PARVYX
| Q4 25 | -10.4% | — | ||
| Q3 25 | 5.9% | 1.5% | ||
| Q2 25 | -6.6% | -37.4% | ||
| Q1 25 | -16.9% | -8.1% | ||
| Q4 24 | 3.0% | -26.1% | ||
| Q3 24 | 8.7% | 1.3% | ||
| Q2 24 | -18.2% | 6.8% | ||
| Q1 24 | -33.7% | -6.1% |
资本支出强度PARVYX
| Q4 25 | 0.7% | — | ||
| Q3 25 | 1.1% | 0.6% | ||
| Q2 25 | 0.7% | 1.1% | ||
| Q1 25 | 0.4% | 1.3% | ||
| Q4 24 | 0.2% | 1.0% | ||
| Q3 24 | 0.4% | 0.3% | ||
| Q2 24 | 0.5% | 1.8% | ||
| Q1 24 | 0.1% | 1.1% |
现金转化率PARVYX
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.01× | ||
| Q2 24 | -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
PAR
| Subscription Service | $76.1M | 63% |
| Hardware | $27.8M | 23% |
| Professional Service | $16.2M | 13% |
VYX
| Services | $484.0M | 67% |
| Products | $236.0M | 33% |
