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PAR (PAR Technology) Gross Profit : $136.7 Mil (TTM As of Sep. 2024)


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What is PAR Technology Gross Profit?

PAR Technology's gross profit for the three months ended in Sep. 2024 was $43.0 Mil. PAR Technology's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $136.7 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. PAR Technology's gross profit for the three months ended in Sep. 2024 was $43.0 Mil. PAR Technology's Revenue for the three months ended in Sep. 2024 was $96.8 Mil. Therefore, PAR Technology's Gross Margin % for the quarter that ended in Sep. 2024 was 44.47%.

PAR Technology had a gross margin of 44.47% for the quarter that ended in Sep. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of PAR Technology was 27.93%. The lowest was 18.39%. And the median was 20.05%.


PAR Technology Gross Profit Historical Data

The historical data trend for PAR Technology's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

PAR Technology Gross Profit Chart

PAR Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.41 39.33 62.12 89.29 98.31

PAR Technology Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.13 33.08 28.56 32.03 43.03

Competitive Comparison of PAR Technology's Gross Profit

For the Software - Application subindustry, PAR Technology's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PAR Technology's Gross Profit Distribution in the Software Industry

For the Software industry and Technology sector, PAR Technology's Gross Profit distribution charts can be found below:

* The bar in red indicates where PAR Technology's Gross Profit falls into.



PAR Technology Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

PAR Technology's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=415.823 - 317.513
=98.3

PAR Technology's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=96.754 - 53.723
=43.0

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $136.7 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

PAR Technology's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=43.0 / 96.754
=44.47 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


PAR Technology  (NYSE:PAR) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

PAR Technology had a gross margin of 44.47% for the quarter that ended in Sep. 2024 => Durable competitive advantage


PAR Technology Gross Profit Related Terms

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PAR Technology Business Description

Traded in Other Exchanges
Address
PAR Technology Park, 8383 Seneca Turnpike, New Hartford, NY, USA, 13413-4991
PAR Technology Corp together with its subsidiaries provides management technology solutions including software, hardware, and related services, integral to the point-of-sale infrastructure and task management, information gathering, assimilation, and communication services. It has two segments. The restaurant/ Retail segment provides point-of-sale and management technology solutions such as hardware, software, and integrated technical solutions to the restaurant and retail industries. The government segment provides intelligence, surveillance, and reconnaissance solutions and mission systems support. The company derives the majority of its revenues from the Restaurant/ Retail segment.
Executives
Douglas Gregory Rauch director 54 WILDE ROAD, WABAN MA 02468
Bryan A Menar officer: VP & Chief Financial Officer 8383 SENECA TURNPIKE, NEW HARTFORD NY 13413
Michael Anthony Steenberge officer: Chief Accounting Officer PAR TECHNOLOGY CORPORATION, 8383 SENECA TURNPIKE, NEW HARTFORD NY 13413
Cathy A King officer: VP, GEN COUNSEL & CORP SEC 5424 LAKE HOUSE ROAD, BRANTINGHAM NY 13312
Michael David Nelson officer: President of Subsidiary 747 GRAND WOOD CT., SPRINGBORO OH 45066
Raju Malhotra officer: CHF PRODUCT & TECH OFFICER 745 BROMFIELD RD, HILLSBOROUGH CA 94010
Narinder Singh director 4096 PIEDMONT AVENUE, #231, OAKLAND CA 94618
Keith Pascal director 1520 FOREST AVE., HIGHLAND PARK IL 60035
Sammon John W Jr director 8383 SENECA TURNPIKE, NEW HARTFORD NY 13413
Matthew R Cicchinelli officer: President, PGSC & RRC 8383 SENECA TURNPIKE, NEW HARTFORD NY 13413
Donald H Foley director, officer: President & CEO 8383 SENECA TURNPIKE, NEW HARTFORD NY 13413
Adam D Wyden 10 percent owner 1133 BROADWAY, SUITE 719, NEW YORK NY 10010
Adw Capital Management, Llc 10 percent owner 6431 ALLISON ROAD, MIAMI BEACH FL 33141
Adw Capital Partners, L.p. 10 percent owner 6431 ALLISON ROAD, MIAMI BEACH FL 33141
James C Stoffel director 101 KNOLLWOOD DRIVE, ROCHESTER NY 14618