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Side-by-side financial comparison of BREAD FINANCIAL HOLDINGS, INC. (BFH) and NCR Atleos Corp (NATL). Click either name above to swap in a different company.
NCR Atleos Corp is the larger business by last-quarter revenue ($1.2B vs $975.0M, roughly 1.2× BREAD FINANCIAL HOLDINGS, INC.). On growth, BREAD FINANCIAL HOLDINGS, INC. posted the faster year-over-year revenue change (5.4% vs 4.0%). Over the past eight quarters, NCR Atleos Corp's revenue compounded faster (4.9% CAGR vs -0.8%).
Bread Financial Holdings, Inc. is an American publicly traded provider of private label credit cards, coalition loyalty programs, and direct marketing, derived from the capture and analysis of transaction-rich data.
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.
BFH vs NATL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $975.0M | $1.2B |
| Net Profit | — | $83.0M |
| Gross Margin | — | — |
| Operating Margin | 4.9% | 13.5% |
| Net Margin | — | 7.2% |
| Revenue YoY | 5.4% | 4.0% |
| Net Profit YoY | — | 102.4% |
| EPS (diluted) | $1.21 | $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.
| Q4 25 | $975.0M | $1.2B | ||
| Q3 25 | $971.0M | $1.1B | ||
| Q2 25 | $929.0M | $1.1B | ||
| Q1 25 | $970.0M | $979.0M | ||
| Q4 24 | $925.0M | $1.1B | ||
| Q3 24 | $983.0M | $1.1B | ||
| Q2 24 | $939.0M | $1.1B | ||
| Q1 24 | $991.0M | $1.0B |
| Q4 25 | — | $83.0M | ||
| Q3 25 | $188.0M | $26.0M | ||
| Q2 25 | $139.0M | $39.0M | ||
| Q1 25 | $138.0M | $14.0M | ||
| Q4 24 | — | $41.0M | ||
| Q3 24 | $2.0M | $21.0M | ||
| Q2 24 | $133.0M | $27.0M | ||
| Q1 24 | $134.0M | $-9.0M |
| Q4 25 | 4.9% | 13.5% | ||
| Q3 25 | 20.2% | 9.8% | ||
| Q2 25 | 18.7% | 10.8% | ||
| Q1 25 | 20.3% | 9.5% | ||
| Q4 24 | -2.9% | 13.4% | ||
| Q3 24 | 4.1% | 10.6% | ||
| Q2 24 | 19.2% | 9.8% | ||
| Q1 24 | 19.0% | 6.5% |
| Q4 25 | — | 7.2% | ||
| Q3 25 | 19.4% | 2.3% | ||
| Q2 25 | 15.0% | 3.5% | ||
| Q1 25 | 14.2% | 1.4% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | 0.2% | 2.0% | ||
| Q2 24 | 14.2% | 2.5% | ||
| Q1 24 | 13.5% | -0.9% |
| Q4 25 | $1.21 | $1.09 | ||
| Q3 25 | $3.96 | $0.34 | ||
| Q2 25 | $2.94 | $0.52 | ||
| Q1 25 | $2.78 | $0.19 | ||
| Q4 24 | $0.08 | $0.56 | ||
| Q3 24 | $0.05 | $0.28 | ||
| Q2 24 | $2.66 | $0.37 | ||
| Q1 24 | $2.70 | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.6B | $456.0M |
| Total DebtLower is stronger | $4.3B | $2.7B |
| Stockholders' EquityBook value | $3.3B | $403.0M |
| Total Assets | $22.7B | $5.7B |
| Debt / EquityLower = less leverage | 1.29× | 6.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.6B | $456.0M | ||
| Q3 25 | $3.8B | $412.0M | ||
| Q2 25 | $3.8B | $357.0M | ||
| Q1 25 | $4.2B | $352.0M | ||
| Q4 24 | $4.0B | $419.0M | ||
| Q3 24 | $3.5B | $395.0M | ||
| Q2 24 | $4.1B | $374.0M | ||
| Q1 24 | $3.8B | $343.0M |
| Q4 25 | $4.3B | $2.7B | ||
| Q3 25 | $3.8B | $2.8B | ||
| Q2 25 | $4.2B | $2.8B | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.6B | $2.9B | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.3B | $403.0M | ||
| Q3 25 | $3.3B | $330.0M | ||
| Q2 25 | $3.2B | $350.0M | ||
| Q1 25 | $3.1B | $275.0M | ||
| Q4 24 | $3.1B | $219.0M | ||
| Q3 24 | $3.1B | $264.0M | ||
| Q2 24 | $3.2B | $250.0M | ||
| Q1 24 | $3.0B | $283.0M |
| Q4 25 | $22.7B | $5.7B | ||
| Q3 25 | $21.7B | $5.7B | ||
| Q2 25 | $21.8B | $5.8B | ||
| Q1 25 | $22.4B | $5.7B | ||
| Q4 24 | $22.9B | $5.5B | ||
| Q3 24 | $21.7B | $5.7B | ||
| Q2 24 | $22.1B | $5.8B | ||
| Q1 24 | $22.3B | $5.8B |
| Q4 25 | 1.29× | 6.63× | ||
| Q3 25 | 1.14× | 8.45× | ||
| Q2 25 | 1.34× | 8.05× | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.82× | 13.05× | ||
| Q3 24 | 1.47× | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $568.0M | $231.0M |
| Free Cash FlowOCF − Capex | — | $194.0M |
| FCF MarginFCF / Revenue | — | 16.8% |
| Capex IntensityCapex / Revenue | — | 3.2% |
| Cash ConversionOCF / Net Profit | — | 2.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | $239.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $568.0M | $231.0M | ||
| Q3 25 | $605.0M | $25.0M | ||
| Q2 25 | $526.0M | $-23.0M | ||
| Q1 25 | $393.0M | $123.0M | ||
| Q4 24 | $479.0M | $80.0M | ||
| Q3 24 | $456.0M | $107.0M | ||
| Q2 24 | $477.0M | $9.0M | ||
| Q1 24 | $447.0M | $148.0M |
| Q4 25 | — | $194.0M | ||
| Q3 25 | — | $-5.0M | ||
| Q2 25 | — | $-44.0M | ||
| Q1 25 | — | $94.0M | ||
| Q4 24 | — | $62.0M | ||
| Q3 24 | — | $85.0M | ||
| Q2 24 | — | $-14.0M | ||
| Q1 24 | — | $124.0M |
| Q4 25 | — | 16.8% | ||
| Q3 25 | — | -0.4% | ||
| Q2 25 | — | -4.0% | ||
| Q1 25 | — | 9.6% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | — | -1.3% | ||
| Q1 24 | — | 11.9% |
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | 2.3% |
| Q4 25 | — | 2.78× | ||
| Q3 25 | 3.22× | 0.96× | ||
| Q2 25 | 3.78× | -0.59× | ||
| Q1 25 | 2.85× | 8.79× | ||
| Q4 24 | — | 1.95× | ||
| Q3 24 | 228.00× | 5.10× | ||
| Q2 24 | 3.59× | 0.33× | ||
| Q1 24 | 3.34× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFH
Segment breakdown not available.
NATL
| Services | $848.0M | 74% |
| APJ | $136.0M | 12% |
| Americas Excluding United States | $135.0M | 12% |
| TT | $44.0M | 4% |
