PAR vs BKNG vs LSPD Stock Comparison

Par Technology, Booking Holdings and Lightspeed Commerce Prices as of Oct 26, 2026 Peers: Industry group
PAR Par Technology Corp
$17.19 +22.3% 1M -52.6% 1Y
Market cap
$694.76M
P/E
–
Revenue (TTM)
$496.67M
Div. yield
–
Restaurant and Retail Software Technology
2 wins
BKNG Booking Holdings Inc.
$153.14 -6.6% 1M -25.6% 1Y
Market cap
$116.87B
P/E
16.2x
Revenue (TTM)
$28.24B
Div. yield
–
Digital Marketplaces Technology
6 wins
LSPD Lightspeed Commerce Inc.
$11.09 +12.4% 1M -8.6% 1Y
Market cap
$1.52B
P/E
–
Revenue (TTM)
$1.24B
Div. yield
–
Restaurant and Retail Software Technology
2 wins

Head to Head

10 decided of 12

Booking Holdings leads on 6 of the 12 questions below (Booking Holdings 6, Par Technology 2, Lightspeed Commerce 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPARBKNGLSPDLeader
Larger companyMarket capitalisation $694.76M $116.87B $1.52B BKNG
Cheaper on earningsLower P/E, profitable companies only -9.6x 16.2x -15.6x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.5x 14.0x 18.5x BKNG
Faster revenue growthRevenue growth, trailing twelve months +18.8% +12.9% +11.6% PAR
More profitableNet margin, trailing twelve months -14.5% 25.5% -7.8% BKNG
Better return on capitalReturn on invested capital -5.0% 75.5% — BKNG
Less leveragedLower net debt / EBITDA -26.6x 0.3x — PAR
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -52.6% -25.6% -8.6% LSPD
Better 5-year returnAnnualised price return, 5 years -22.4%/yr +9.5%/yr -34.5%/yr BKNG
Less volatileAnnualised volatility, 1 year 71.4% 38.0% 44.5% BKNG
Higher overall scoreMean of the five percentile scores vs peers 51/100 61/100 72/100 LSPD

Percentile Scorecard

PARBKNGLSPD

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisPARBKNGLSPD
Valuation 44 #51 of 90 66 #58 of 167 60 #37 of 90
Growth 57 #36 of 82 38 #96 of 153 94 #6 of 82
Profitability 32 #53 of 77 99 #2 of 153 40 #47 of 77
Financial Health 46 #52 of 96 41 #106 of 179 82 #18 of 96
Shareholder Returns 76 #14 of 54 59 #39 of 94 83 #10 of 54
Overall 51 61 72
  • PAR ranked among 99 companies in Vertical Software
  • BKNG ranked among 185 companies in Internet Platforms
  • LSPD ranked among 99 companies in Vertical Software

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodPARBKNGLSPDSPY
1 month +22.3%-6.6%+12.4% -0.8%
3 months +4.1%-18.0%+7.7% +3.5%
6 months +22.3%-13.7%+17.6% +7.0%
Year to date -52.6%-28.5%-8.2% +12.2%
1 year -52.6%-25.6%-8.6% +13.0%
3 years -39.8%+39.4%-10.4% +86.3%
3 years, per year -15.6%+11.7%-3.6% +23.1%
5 years -71.9%+57.7%-87.9% +68.6%
5 years, per year -22.4%+9.5%-34.5% +11.0%
10 years +209.7%+160.6%— +258.0%
10 years, per year +12.0%+10.1%— +13.6%

Risk

MeasurePARBKNGLSPDSPY
Volatility, 1Y 71.4%38.0%44.5% 12.7%
Downside volatility, 1Y 79.5%38.2%46.4% 12.7%
Beta vs S&P 500, 1Y 1.190.841.07 1.00
Return / volatility, 1Y -0.74-0.67-0.19 1.02
Max drawdown, 5Y -85.4%-39.5%-92.2% -25.4%
From 52-week high -56.7%-30.3%-17.5% -1.8%
52-week high $39.72$219.68$13.44 $779.14
52-week low $11.82$153.14$8.37 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultiplePARBKNGLSPD
P/E now vs peer median -9.8xmedian 42.4x 16.3xmedian 17.5x -15.9xmedian 42.4x
P/S now vs peer median 1.4xmedian 2.7x 4.1xmedian 1.4x 1.2xmedian 2.7x
EV/EBITDA now vs peer median -81.6xmedian 19.0x 12.0xmedian 14.5x 196.1xmedian 19.0x
P/FCF now vs peer median -45.3xmedian 19.4x 12.1xmedian 12.1x 30.8xmedian 19.4x
P/B now vs peer median 0.9xmedian 1.8x -10.7xmedian 1.7x 1.1xmedian 1.8x
PEG now vs peer median -0.81median 1.75 -0.28median 0.41 -0.30median 1.75

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsPARBKNGLSPD
Revenue $496.67M $28.24B $1.24B
Gross profit $209.78M – $536.41M
Operating income -$62.50M $9.28B -$115.79M
Net income -$72.14M $7.21B -$97.27M
Free cash flow -$15.69M $9.54B $49.64M
R&D $85.55M – $125.76M
EPS (diluted) $-1.75 $9.36 $-0.70
Cash & equivalents $77.37M $17.21B $372.14M
Total debt $422.35M $20.18B –
Shares (diluted) 41.28M 770.00M 139.17M
Enterprise value $365.86M $49.92B -$247.18M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricPARBKNGLSPD
P/E -9.8x 16.3x -15.9x
P/FCF -45.3x 12.1x 30.8x
P/Operating cash flow -55.6x 11.7x 35.4x
P/S 1.4x 4.1x 1.2x
P/B 0.9x -10.7x 1.1x
P/Tangible book 1.2x -9.9x 1.2x
EV/EBITDA -81.6x 12.0x 196.1x
EV/EBIT -16.9x 12.7x -10.0x
EV/Revenue 2.1x 4.2x 0.9x
EV/FCF -67.3x 12.4x 23.3x
EV/Operating cash flow -82.6x 12.0x 26.8x
PEG (3Y EPS CAGR) -0.81 -0.28 -0.30

Growth

14 metrics
MetricPARBKNGLSPD
Revenue growth (1Y) 18.8% 12.9% 11.6%
Revenue CAGR (3Y) 23.0% 13.4% 17.6%
Gross profit growth (1Y) 12.0% – 13.9%
Gross profit CAGR (3Y) 36.6% – 16.1%
Operating income growth (1Y) 3.4% 12.9% 83.3%
Operating income CAGR (3Y) 5.4% 15.3% 52.1%
Net income growth (1Y) 16.4% 49.8% 85.7%
Net income CAGR (3Y) -0.8% 17.4% 54.3%
EPS growth (1Y) 17.9% -93.7% 84.2%
EPS CAGR (3Y) 12.1% -57.3% 53.1%
Operating cash flow growth (1Y) -10.0% 2.9% 804.1%
Operating cash flow CAGR (3Y) 31.6% 13.2% 34.2%
Free cash flow growth (1Y) -17.2% 3.2% 3,659%
Free cash flow CAGR (3Y) 28.9% 13.9% 34.5%

Profitability

14 metrics
MetricPARBKNGLSPD
Gross margin 42.2% – 43.1%
EBITDA margin -2.6% 34.9% 0.5%
Operating margin -12.6% 32.9% -9.3%
Pretax margin -13.8% 32.9% -7.7%
Net margin -14.5% 25.5% -7.8%
FCF margin -3.2% 33.8% 4.0%
Operating cash flow margin -2.6% 34.9% 3.5%
Return on equity -8.8% – -6.8%
Return on assets -5.2% 25.1% -6.0%
Return on invested capital -5.0% 75.5% –
Return on capital employed -4.9% 121.7% -8.0%
Asset turnover 0.4x 1.0x 0.8x
Cash conversion (OCF / net income) 0.2x 1.4x -0.4x
Stock comp / revenue 5.9% 2.1% 4.5%

Financial Health

11 metrics
MetricPARBKNGLSPD
Debt / assets 30.8% 68.0% –
Debt / equity 0.5x -1.9x –
Net debt / EBITDA -26.6x 0.3x –
Debt / FCF -26.9x 2.1x –
Liabilities / assets 40.6% 136.3% 12.5%
Equity / assets 59.4% -36.3% 87.5%
Interest coverage – 8.4x –
Current ratio 2.2x 1.1x 3.5x
Quick ratio 1.5x 1.0x 2.4x
Cash ratio 0.7x 0.8x 2.0x
Altman Z-score 0.68 5.80 3.30

Shareholder Returns

7 metrics
MetricPARBKNGLSPD
Dividend yield – 1.1% –
Net buyback yield 4.4% 9.2% 6.9%
Shareholder yield 4.4% 10.2% 6.9%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusPARBKNGLSPD
Forward P/E 23.5xFY2026 14.0xFY2026 18.5xFY2026
EPS, next fiscal year $0.73FY2026 $10.90FY2026 $0.60FY2026
EPS growth, next FY +386.7%FY2026 +19.5%FY2026 +36.4%FY2026
EPS growth, the year after +91.8% +16.7% +46.7%
Revenue, next fiscal year $536.83MFY2026 $27.56BFY2026 $1.22BFY2026
Revenue growth, next FY +17.8%FY2026 +2.4%FY2026 -0.6%FY2026
Revenue growth, the year after +11.3% +11.4% +23.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPARBKNGLSPD
Held by institutions 100.0% 92.9% 54.9%
Institutions holding 207 1,915 108
Change in shares held, QoQ -1.7% -9.6% -4.3%
Institutions buying 125 891 54
Institutions selling 54 828 37
Buyers to sellers 2.31 1.08 1.46

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

PARBKNGLSPD
PAR 1.00 0.35 0.48
BKNG 0.35 1.00 0.41
LSPD 0.48 0.41 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, PAR, BKNG and LSPD?

Booking Holdings (BKNG) is the largest by market capitalisation: Par Technology (PAR) $694.76M, Booking Holdings (BKNG) $116.87B, Lightspeed Commerce (LSPD) $1.52B.

Which company is growing faster?

Par Technology (PAR) grew revenue fastest over the trailing twelve months: Par Technology (PAR) +18.8%, Booking Holdings (BKNG) +12.9%, Lightspeed Commerce (LSPD) +11.6%.

Which company is more profitable?

Booking Holdings (BKNG) has the highest net margin (Par Technology (PAR) -14.5%, Booking Holdings (BKNG) 25.5%, Lightspeed Commerce (LSPD) -7.8%). On return on invested capital, Booking Holdings (BKNG) leads (Par Technology (PAR) -5.0%, Booking Holdings (BKNG) 75.5%).

Which stock has performed better?

Over the past year Lightspeed Commerce (LSPD) returned the most: Par Technology (PAR) -52.6%, Booking Holdings (BKNG) -25.6%, Lightspeed Commerce (LSPD) -8.6%. Over five years, Booking Holdings (BKNG) compounded fastest (Par Technology (PAR) -22.4%/yr, Booking Holdings (BKNG) +9.5%/yr, Lightspeed Commerce (LSPD) -34.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Booking Holdings (BKNG) has been the steadiest (Par Technology (PAR) 71.4%, Booking Holdings (BKNG) 38.0%, Lightspeed Commerce (LSPD) 44.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PAR, BKNG and LSPD?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Booking Holdings (BKNG) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.