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Par Technology vs NCR Voyix: revenue, profit, margins and growth compared

Par Technology brought in $455.5M of revenue in fiscal 2025, NCR Voyix $2.7B in fiscal 2025. Revenue changed by +30.2% at Par Technology and -4.6% at NCR Voyix on the year before, so Par Technology grew faster. Par Technology kept -18.5% of its revenue as net profit, NCR Voyix 2.3%. Free cash flow was -$30.5M at Par Technology and -$375M at NCR Voyix.

Side by side, latest fiscal year

PARVYX
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$455.5M$2.7B
Revenue growth+30.2%-4.6%
Net income-$84.5M$62M
Net margin-18.5%2.3%
Free cash flow-$30.5M-$375M
Free cash flow margin-6.7%-14.0%
Earnings per share (diluted)-$2.09$0.30
Cash$79.6M$231M
Debt$394M$1.1B
Price to earningsn/a22.8
Market value$564.2M$943M
Dividend yieldn/an/a
Rank by revenue in sector#16 of 52 · Other#9 of 52 · Other

Over the years

Revenue
PAR FY2018: $201.2MPAR FY2019: $187.2MPAR FY2020: $213.8MPAR FY2021: $282.9MPAR FY2022: $262.3MPAR FY2023: $276.7MPAR FY2024: $350MPAR FY2025: $455.5MVYX FY2018: $6.4BVYX FY2019: $6.9BVYX FY2020: $6.2BVYX FY2021: $7.2BVYX FY2022: $3.2BVYX FY2023: $3.2BVYX FY2024: $2.8BVYX FY2025: $2.7BFY18FY19FY20FY21FY22FY23FY24FY25
PAR $455.5MVYX $2.7B
Net income
PAR FY2018: -$24.1MPAR FY2019: -$15.6MPAR FY2020: -$36.6MPAR FY2021: -$75.8MPAR FY2022: -$69.3MPAR FY2023: -$69.8MPAR FY2024: -$5MPAR FY2025: -$84.5MVYX FY2018: -$88MVYX FY2019: $564MVYX FY2020: -$79MVYX FY2021: $97MVYX FY2022: $60MVYX FY2023: -$428MVYX FY2024: $958MVYX FY2025: $62MFY18FY19FY20FY21FY22FY23FY24FY25
PAR -$84.5MVYX $62M
Net margin
PAR FY2018: -12.0%PAR FY2019: -8.3%PAR FY2020: -17.1%PAR FY2021: -26.8%PAR FY2022: -26.4%PAR FY2023: -25.2%PAR FY2024: -1.4%PAR FY2025: -18.5%VYX FY2018: -1.4%VYX FY2019: 8.2%VYX FY2020: -1.3%VYX FY2021: 1.4%VYX FY2022: 1.9%VYX FY2023: -13.5%VYX FY2024: 34.0%VYX FY2025: 2.3%FY18FY19FY20FY21FY22FY23FY24FY25
PAR -18.5%VYX 2.3%
Revenue growth
PAR FY2019: -7.0%PAR FY2020: +14.2%PAR FY2021: +32.3%PAR FY2022: -7.3%PAR FY2023: +5.5%PAR FY2024: +26.5%PAR FY2025: +30.2%VYX FY2019: +8.0%VYX FY2020: -10.2%VYX FY2021: +15.3%VYX FY2022: -55.6%VYX FY2023: -0.3%VYX FY2024: -11.0%VYX FY2025: -4.6%FY19FY20FY21FY22FY23FY24FY25
PAR +30.2%VYX -4.6%
Free cash flow
PAR FY2018: -$7.8MPAR FY2019: -$18.6MPAR FY2020: -$21.5MPAR FY2021: -$54.6MPAR FY2022: -$44.2MPAR FY2023: -$22.1MPAR FY2024: -$26.2MPAR FY2025: -$30.5MVYX FY2018: $429MVYX FY2019: $543MVYX FY2020: $610MVYX FY2021: $903MVYX FY2022: $335MVYX FY2023: $564MVYX FY2024: -$162MVYX FY2025: -$375MFY18FY19FY20FY21FY22FY23FY24FY25
PAR -$30.5MVYX -$375M

Fiscal years as each company reports them; the two may end in different months.

Questions about Par Technology and NCR Voyix

Which is bigger by revenue, Par Technology or NCR Voyix?

NCR Voyix is bigger by revenue: $2.7B in fiscal 2025, against $455.5M for Par Technology in fiscal 2025.

Which keeps more of its revenue as profit, Par Technology or NCR Voyix?

Par Technology had a net margin of -18.5% in fiscal 2025; NCR Voyix had 2.3% in fiscal 2025.

Which grew revenue faster, Par Technology or NCR Voyix?

In their latest fiscal years revenue changed by +30.2% at Par Technology and -4.6% at NCR Voyix.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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