PAR vs. AZO

Last updated Jun 4, 2026

PAR (PAR Technology Corporation) and AZO (AutoZone, Inc.) are both stocks. PAR operates in Software - Application (Technology), while AZO operates in Specialty Retail (Consumer Cyclical). Over the past 10 years, PAR returned 12.12%/yr vs 14.93%/yr for AZO. At a 0.10 correlation, their price movements are largely independent.

Performance

PAR vs. AZO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PAR Technology Corporation (PAR) and AutoZone, Inc. (AZO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PAR achieves a -60.94% return, which is significantly lower than AZO's -9.73% return. Over the past 10 years, PAR has underperformed AZO with an annualized return of 12.12%, while AZO has yielded a comparatively higher 14.93% annualized return.

PAR

• 1D: -7.33%
• 1M: -1.12%
• YTD: -60.94%
• 6M: -59.54%
• 1Y: -78.34%
• 3Y*: -26.04%
• 5Y*: -26.22%
• 10Y*: 12.12%

AZO

• 1D: 1.07%
• 1M: -12.08%
• YTD: -9.73%
• 6M: -19.91%
• 1Y: -18.31%
• 3Y*: 8.74%
• 5Y*: 17.16%
• 10Y*: 14.93%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PAR vs. AZO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PAR PAR Technology Corporation	-60.94%	-50.08%	66.90%	67.01%	-50.60%	-15.96%	104.26%	43.13%	132.62%	67.56%
AZO AutoZone, Inc.	-9.73%	5.92%	23.84%	4.84%	17.64%	76.84%	-0.49%	42.10%	17.85%	-9.93%

Correlation

The correlation between PAR and AZO is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Apr 3, 1991	0.10

The correlation between PAR and AZO shifts across timeframes, from -0.00 (1 year) to 0.12 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap PAR : $580.93M AZO : $51.59B
EPS PAR : -$1.88 AZO : $145.27
PS Ratio PAR : 1.21 AZO : 2.61
Total Revenue (TTM) PAR : $475.66M AZO : $19.99B
Gross Profit (TTM) PAR : $190.78M AZO : $10.34B
EBITDA (TTM) PAR : -$33.08M AZO : $4.26B

Return for Risk

PAR vs. AZO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PAR

PAR Risk / Return Rank: 3
PAR Sharpe Ratio Rank: 2
PAR Sortino Ratio Rank: 1
PAR Omega Ratio Rank: 1
PAR Calmar Ratio Rank: 4
PAR Martin Ratio Rank: 7

AZO

AZO Risk / Return Rank: 15
AZO Sharpe Ratio Rank: 12
AZO Sortino Ratio Rank: 14
AZO Omega Ratio Rank: 14
AZO Calmar Ratio Rank: 21
AZO Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PAR vs. AZO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PAR Technology Corporation (PAR) and AutoZone, Inc. (AZO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PAR	AZO	Difference
Sharpe ratio: Return per unit of total volatility	-1.19	-0.68	-0.51
Sortino ratio: Return per unit of downside risk	-2.43	-0.79	-1.64
Omega ratio: Gain probability vs. loss probability	0.69	0.90	-0.21
Calmar ratio: Return relative to maximum drawdown	-0.94	-0.56	-0.38
Martin ratio: Return relative to average drawdown	-1.42	-1.24	-0.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PAR vs. AZO - Sharpe Ratio Comparison

The current PAR Sharpe Ratio is -1.19, which is lower than the AZO Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of PAR and AZO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PAR	AZO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.19	-0.68	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.48	0.71	-1.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	0.57	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.62	-0.56

Drawdowns

PAR vs. AZO - Drawdown Comparison

The maximum PAR drawdown since its inception was -90.88%, which is greater than AZO's maximum drawdown of -46.32%. Use the drawdown chart below to compare losses from any high point for PAR and AZO.

Drawdown Indicators

	PAR	AZO	Difference
Max Drawdown Largest peak-to-trough decline	-90.88%	-46.32%	-44.56%
Max Drawdown (1Y) Largest decline over 1 year	-83.41%	-32.59%	-50.82%
Max Drawdown (3Y) Largest decline over 3 years	-85.43%	-32.59%	-52.84%
Max Drawdown (5Y) Largest decline over 5 years	-85.43%	-32.59%	-52.84%
Max Drawdown (10Y) Largest decline over 10 years	-86.68%	-42.14%	-44.54%
Current Drawdown Current decline from peak	-84.03%	-29.69%	-54.34%
Average Drawdown Average peak-to-trough decline	-53.34%	-10.87%	-42.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	55.20%	14.75%	+40.45%

Volatility

PAR vs. AZO - Volatility Comparison

PAR Technology Corporation (PAR) has a higher volatility of 21.87% compared to AutoZone, Inc. (AZO) at 11.45%. This indicates that PAR's price experiences larger fluctuations and is considered to be riskier than AZO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAR	AZO	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.87%	11.45%	+10.42%
Volatility (6M) Calculated over the trailing 6-month period	57.91%	23.04%	+34.87%
Volatility (1Y) Calculated over the trailing 1-year period	66.22%	27.09%	+39.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.14%	24.44%	+30.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.39%	26.47%	+29.92%

Dividends

PAR vs. AZO - Dividend Comparison

Neither PAR nor AZO has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AZO AutoZone, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PAR PAR Technology Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.01%

Financials

PAR vs. AZO - Profitability Comparison

The chart below illustrates the profitability comparison between PAR Technology Corporation and AutoZone, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PAR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PAR Technology Corporation reported a gross profit of 54.50M and revenue of 123.97M. Therefore, the gross margin over that period was 44.0%.

AZO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AutoZone, Inc. reported a gross profit of 2.52B and revenue of 4.84B. Therefore, the gross margin over that period was 52.2%.

PAR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PAR Technology Corporation reported an operating income of -16.17M and revenue of 123.97M, resulting in an operating margin of -13.0%.

AZO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AutoZone, Inc. reported an operating income of 923.76M and revenue of 4.84B, resulting in an operating margin of 19.1%.

PAR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PAR Technology Corporation reported a net income of -16.17M and revenue of 123.97M, resulting in a net margin of -13.0%.

AZO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AutoZone, Inc. reported a net income of 641.49M and revenue of 4.84B, resulting in a net margin of 13.3%.

Frequently Asked Questions

Can I hold both PAR and AZO in my portfolio?

PAR and AZO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PAR or AZO?

PAR has higher volatility (21.87%) compared to AZO (11.45%). In terms of maximum drawdown, PAR dropped -90.88% vs AZO's -46.32%.

Which has better risk-adjusted returns?

AZO currently has the higher Sharpe Ratio (-0.68 vs -1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.