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Side-by-side financial comparison of BXP, Inc. (BXP) 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 $872.1M, roughly 1.3× BXP, Inc.). BXP, Inc. runs the higher net margin — 15.3% vs 7.2%, a 8.0% gap on every dollar of revenue. On growth, NCR Atleos Corp posted the faster year-over-year revenue change (4.0% vs 0.8%). Over the past eight quarters, NCR Atleos Corp's revenue compounded faster (4.9% CAGR vs 1.3%).
BXP Inc., operating as Boston Properties, is a leading U.S. real estate investment trust focused on owning, managing and developing high-quality Class A commercial office properties across major U.S. metro markets, serving diverse corporate, tech and professional service tenants.
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.
BXP vs NATL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $1.2B |
| Net Profit | $133.0M | $83.0M |
| Gross Margin | — | — |
| Operating Margin | — | 13.5% |
| Net Margin | 15.3% | 7.2% |
| Revenue YoY | 0.8% | 4.0% |
| Net Profit YoY | 53.0% | 102.4% |
| EPS (diluted) | $1.69 | $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 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.2B | ||
| Q3 25 | $871.5M | $1.1B | ||
| Q2 25 | $868.5M | $1.1B | ||
| Q1 25 | $865.2M | $979.0M | ||
| Q4 24 | $858.6M | $1.1B | ||
| Q3 24 | $859.2M | $1.1B | ||
| Q2 24 | $850.5M | $1.1B |
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $83.0M | ||
| Q3 25 | $-121.7M | $26.0M | ||
| Q2 25 | $89.0M | $39.0M | ||
| Q1 25 | $61.2M | $14.0M | ||
| Q4 24 | $-228.9M | $41.0M | ||
| Q3 24 | $83.6M | $21.0M | ||
| Q2 24 | $79.6M | $27.0M |
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | — | ||
| Q3 25 | 59.3% | — | ||
| Q2 25 | 59.2% | — | ||
| Q1 25 | 59.2% | — | ||
| Q4 24 | 59.7% | — | ||
| Q3 24 | 59.5% | — | ||
| Q2 24 | 59.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.5% | ||
| Q3 25 | — | 9.8% | ||
| Q2 25 | — | 10.8% | ||
| Q1 25 | — | 9.5% | ||
| Q4 24 | — | 13.4% | ||
| Q3 24 | — | 10.6% | ||
| Q2 24 | — | 9.8% |
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 7.2% | ||
| Q3 25 | -14.0% | 2.3% | ||
| Q2 25 | 10.2% | 3.5% | ||
| Q1 25 | 7.1% | 1.4% | ||
| Q4 24 | -26.7% | 3.7% | ||
| Q3 24 | 9.7% | 2.0% | ||
| Q2 24 | 9.4% | 2.5% |
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $1.09 | ||
| Q3 25 | $-0.77 | $0.34 | ||
| Q2 25 | $0.56 | $0.52 | ||
| Q1 25 | $0.39 | $0.19 | ||
| Q4 24 | $-1.46 | $0.56 | ||
| Q3 24 | $0.53 | $0.28 | ||
| Q2 24 | $0.51 | $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 | $512.8M | $456.0M |
| Total DebtLower is stronger | — | $2.7B |
| Stockholders' EquityBook value | $7.7B | $403.0M |
| Total Assets | $25.1B | $5.7B |
| Debt / EquityLower = less leverage | — | 6.63× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $456.0M | ||
| Q3 25 | $861.1M | $412.0M | ||
| Q2 25 | $447.0M | $357.0M | ||
| Q1 25 | $398.1M | $352.0M | ||
| Q4 24 | $1.3B | $419.0M | ||
| Q3 24 | $1.4B | $395.0M | ||
| Q2 24 | $685.4M | $374.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $403.0M | ||
| Q3 25 | $5.0B | $330.0M | ||
| Q2 25 | $5.3B | $350.0M | ||
| Q1 25 | $5.3B | $275.0M | ||
| Q4 24 | $5.4B | $219.0M | ||
| Q3 24 | $5.8B | $264.0M | ||
| Q2 24 | $5.8B | $250.0M |
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $5.7B | ||
| Q3 25 | $26.0B | $5.7B | ||
| Q2 25 | $25.6B | $5.8B | ||
| Q1 25 | $25.4B | $5.7B | ||
| Q4 24 | $26.1B | $5.5B | ||
| Q3 24 | $26.4B | $5.7B | ||
| Q2 24 | $25.5B | $5.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.63× | ||
| Q3 25 | — | 8.45× | ||
| Q2 25 | — | 8.05× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 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 | — | $231.0M |
| Free Cash FlowOCF − Capex | — | $194.0M |
| FCF MarginFCF / Revenue | — | 16.8% |
| Capex IntensityCapex / Revenue | 1.5% | 3.2% |
| Cash ConversionOCF / Net Profit | — | 2.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | $239.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $231.0M | ||
| Q3 25 | $274.2M | $25.0M | ||
| Q2 25 | $353.1M | $-23.0M | ||
| Q1 25 | $210.0M | $123.0M | ||
| Q4 24 | $383.7M | $80.0M | ||
| Q3 24 | $286.1M | $107.0M | ||
| Q2 24 | $367.1M | $9.0M |
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $194.0M | ||
| Q3 25 | $231.6M | $-5.0M | ||
| Q2 25 | $281.5M | $-44.0M | ||
| Q1 25 | $152.6M | $94.0M | ||
| Q4 24 | $312.5M | $62.0M | ||
| Q3 24 | $234.5M | $85.0M | ||
| Q2 24 | $332.4M | $-14.0M |
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 16.8% | ||
| Q3 25 | 26.6% | -0.4% | ||
| Q2 25 | 32.4% | -4.0% | ||
| Q1 25 | 17.6% | 9.6% | ||
| Q4 24 | 36.4% | 5.6% | ||
| Q3 24 | 27.3% | 7.9% | ||
| Q2 24 | 39.1% | -1.3% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 3.2% | ||
| Q3 25 | 4.9% | 2.7% | ||
| Q2 25 | 8.2% | 1.9% | ||
| Q1 25 | 6.6% | 3.0% | ||
| Q4 24 | 8.3% | 1.6% | ||
| Q3 24 | 6.0% | 2.1% | ||
| Q2 24 | 4.1% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 2.78× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | 3.97× | -0.59× | ||
| Q1 25 | 3.43× | 8.79× | ||
| Q4 24 | — | 1.95× | ||
| Q3 24 | 3.42× | 5.10× | ||
| Q2 24 | 4.61× | 0.33× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BXP
| Lease | $818.2M | 94% |
| Parking and other | $30.8M | 4% |
| Development and management services | $9.2M | 1% |
NATL
| Services | $848.0M | 74% |
| APJ | $136.0M | 12% |
| Americas Excluding United States | $135.0M | 12% |
| TT | $44.0M | 4% |
