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Side-by-side financial comparison of Ameren (AEE) and NCR Atleos Corp (NATL). Click either name above to swap in a different company.
Ameren is the larger business by last-quarter revenue ($2.2B vs $1.2B, roughly 1.9× NCR Atleos Corp). Ameren runs the higher net margin — 16.5% vs 7.2%, a 9.2% gap on every dollar of revenue. On growth, NCR Atleos Corp posted the faster year-over-year revenue change (4.0% vs 3.8%). Over the past eight quarters, Ameren's revenue compounded faster (13.4% CAGR vs 4.9%).
Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses. It primarily generates electricity through coal, nucle...
NCR Voyix Corporation, previously known as NCR Corporation and National Cash Register, is a global software, consulting and technology company providing several professional services and electronic products. It manufactured self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, and barcode scanners.
AEE vs NATL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $1.2B |
| Net Profit | $358.0M | $83.0M |
| Gross Margin | — | — |
| Operating Margin | 24.4% | 13.5% |
| Net Margin | 16.5% | 7.2% |
| Revenue YoY | 3.8% | 4.0% |
| Net Profit YoY | 23.4% | 102.4% |
| EPS (diluted) | $1.28 | $1.09 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $2.2B | — | ||
| Q4 25 | $1.8B | $1.2B | ||
| Q3 25 | $2.7B | $1.1B | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $2.1B | $979.0M | ||
| Q4 24 | $1.9B | $1.1B | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $1.7B | $1.1B |
| Q1 26 | $358.0M | — | ||
| Q4 25 | $253.0M | $83.0M | ||
| Q3 25 | $641.0M | $26.0M | ||
| Q2 25 | $277.0M | $39.0M | ||
| Q1 25 | $290.0M | $14.0M | ||
| Q4 24 | $208.0M | $41.0M | ||
| Q3 24 | $457.0M | $21.0M | ||
| Q2 24 | $260.0M | $27.0M |
| Q1 26 | 24.4% | — | ||
| Q4 25 | 20.2% | 13.5% | ||
| Q3 25 | 30.6% | 9.8% | ||
| Q2 25 | 18.5% | 10.8% | ||
| Q1 25 | 20.5% | 9.5% | ||
| Q4 24 | 10.2% | 13.4% | ||
| Q3 24 | 27.0% | 10.6% | ||
| Q2 24 | 21.3% | 9.8% |
| Q1 26 | 16.5% | — | ||
| Q4 25 | 14.2% | 7.2% | ||
| Q3 25 | 23.7% | 2.3% | ||
| Q2 25 | 12.5% | 3.5% | ||
| Q1 25 | 13.8% | 1.4% | ||
| Q4 24 | 10.7% | 3.7% | ||
| Q3 24 | 21.0% | 2.0% | ||
| Q2 24 | 15.4% | 2.5% |
| Q1 26 | $1.28 | — | ||
| Q4 25 | $0.92 | $1.09 | ||
| Q3 25 | $2.35 | $0.34 | ||
| Q2 25 | $1.01 | $0.52 | ||
| Q1 25 | $1.07 | $0.19 | ||
| Q4 24 | $0.77 | $0.56 | ||
| Q3 24 | $1.70 | $0.28 | ||
| Q2 24 | $0.97 | $0.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.0M | $456.0M |
| Total DebtLower is stronger | $1.1B | $2.7B |
| Stockholders' EquityBook value | $13.6B | $403.0M |
| Total Assets | $49.8B | $5.7B |
| Debt / EquityLower = less leverage | 0.08× | 6.63× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $13.0M | — | ||
| Q4 25 | $13.0M | $456.0M | ||
| Q3 25 | $9.0M | $412.0M | ||
| Q2 25 | $11.0M | $357.0M | ||
| Q1 25 | $23.0M | $352.0M | ||
| Q4 24 | $7.0M | $419.0M | ||
| Q3 24 | $17.0M | $395.0M | ||
| Q2 24 | $19.0M | $374.0M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $19.4B | $2.7B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | — | ||
| Q4 24 | $17.8B | $2.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $13.6B | — | ||
| Q4 25 | $13.4B | $403.0M | ||
| Q3 25 | $12.8B | $330.0M | ||
| Q2 25 | $12.3B | $350.0M | ||
| Q1 25 | $12.2B | $275.0M | ||
| Q4 24 | $12.1B | $219.0M | ||
| Q3 24 | $11.8B | $264.0M | ||
| Q2 24 | $11.5B | $250.0M |
| Q1 26 | $49.8B | — | ||
| Q4 25 | $48.5B | $5.7B | ||
| Q3 25 | $47.4B | $5.7B | ||
| Q2 25 | $46.6B | $5.8B | ||
| Q1 25 | $45.7B | $5.7B | ||
| Q4 24 | $44.6B | $5.5B | ||
| Q3 24 | $43.3B | $5.7B | ||
| Q2 24 | $42.3B | $5.8B |
| Q1 26 | 0.08× | — | ||
| Q4 25 | 1.45× | 6.63× | ||
| Q3 25 | — | 8.45× | ||
| Q2 25 | — | 8.05× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.47× | 13.05× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $421.0M | $231.0M |
| Free Cash FlowOCF − Capex | — | $194.0M |
| FCF MarginFCF / Revenue | — | 16.8% |
| Capex IntensityCapex / Revenue | 72.3% | 3.2% |
| Cash ConversionOCF / Net Profit | 1.18× | 2.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | $239.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $421.0M | — | ||
| Q4 25 | $956.0M | $231.0M | ||
| Q3 25 | $1.1B | $25.0M | ||
| Q2 25 | $862.0M | $-23.0M | ||
| Q1 25 | $431.0M | $123.0M | ||
| Q4 24 | $817.0M | $80.0M | ||
| Q3 24 | $897.0M | $107.0M | ||
| Q2 24 | $557.0M | $9.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-54.0M | $194.0M | ||
| Q3 25 | $116.0M | $-5.0M | ||
| Q2 25 | $-204.0M | $-44.0M | ||
| Q1 25 | $-633.0M | $94.0M | ||
| Q4 24 | $-473.0M | $62.0M | ||
| Q3 24 | $-240.0M | $85.0M | ||
| Q2 24 | $-445.0M | $-14.0M |
| Q1 26 | — | — | ||
| Q4 25 | -3.0% | 16.8% | ||
| Q3 25 | 4.3% | -0.4% | ||
| Q2 25 | -9.2% | -4.0% | ||
| Q1 25 | -30.2% | 9.6% | ||
| Q4 24 | -24.4% | 5.6% | ||
| Q3 24 | -11.0% | 7.9% | ||
| Q2 24 | -26.3% | -1.3% |
| Q1 26 | 72.3% | — | ||
| Q4 25 | 56.7% | 3.2% | ||
| Q3 25 | 36.6% | 2.7% | ||
| Q2 25 | 48.0% | 1.9% | ||
| Q1 25 | 50.7% | 3.0% | ||
| Q4 24 | 66.5% | 1.6% | ||
| Q3 24 | 52.3% | 2.1% | ||
| Q2 24 | 59.2% | 2.1% |
| Q1 26 | 1.18× | — | ||
| Q4 25 | 3.78× | 2.78× | ||
| Q3 25 | 1.72× | 0.96× | ||
| Q2 25 | 3.11× | -0.59× | ||
| Q1 25 | 1.49× | 8.79× | ||
| Q4 24 | 3.93× | 1.95× | ||
| Q3 24 | 1.96× | 5.10× | ||
| Q2 24 | 2.14× | 0.33× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AEE
| Electric | $1.7B | 76% |
| Natural gas | $515.0M | 24% |
NATL
| Services | $848.0M | 74% |
| APJ | $136.0M | 12% |
| Americas Excluding United States | $135.0M | 12% |
| TT | $44.0M | 4% |
