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Side-by-side financial comparison of COMERICA INC (CMA) 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 $838.0M, roughly 1.4× COMERICA INC). COMERICA INC runs the higher net margin — 21.0% vs 7.2%, a 13.8% gap on every dollar of revenue. On growth, NCR Atleos Corp posted the faster year-over-year revenue change (4.0% vs 3.3%). Over the past eight quarters, COMERICA INC's revenue compounded faster (108.9% CAGR vs 4.9%).
Comerica Incorporated is an American financial services company, headquartered in Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities.
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.
CMA vs NATL — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $838.0M | $1.2B |
| Net Profit | $176.0M | $83.0M |
| Gross Margin | — | — |
| Operating Margin | — | 13.5% |
| Net Margin | 21.0% | 7.2% |
| Revenue YoY | 3.3% | 4.0% |
| Net Profit YoY | -4.3% | 102.4% |
| EPS (diluted) | $1.35 | $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 | — | $1.2B | ||
| Q3 25 | $838.0M | $1.1B | ||
| Q2 25 | $849.0M | $1.1B | ||
| Q1 25 | $829.0M | $979.0M | ||
| Q4 24 | $825.0M | $1.1B | ||
| Q3 24 | $811.0M | $1.1B | ||
| Q2 24 | $824.0M | $1.1B | ||
| Q1 24 | $784.0M | $1.0B |
| Q4 25 | — | $83.0M | ||
| Q3 25 | $176.0M | $26.0M | ||
| Q2 25 | $199.0M | $39.0M | ||
| Q1 25 | $172.0M | $14.0M | ||
| Q4 24 | $170.0M | $41.0M | ||
| Q3 24 | $184.0M | $21.0M | ||
| Q2 24 | $206.0M | $27.0M | ||
| Q1 24 | $138.0M | $-9.0M |
| 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 24 | — | 6.5% |
| Q4 25 | — | 7.2% | ||
| Q3 25 | 21.0% | 2.3% | ||
| Q2 25 | 23.4% | 3.5% | ||
| Q1 25 | 20.7% | 1.4% | ||
| Q4 24 | 20.6% | 3.7% | ||
| Q3 24 | 22.7% | 2.0% | ||
| Q2 24 | 25.0% | 2.5% | ||
| Q1 24 | 17.6% | -0.9% |
| Q4 25 | — | $1.09 | ||
| Q3 25 | $1.35 | $0.34 | ||
| Q2 25 | $1.42 | $0.52 | ||
| Q1 25 | $1.25 | $0.19 | ||
| Q4 24 | $1.22 | $0.56 | ||
| Q3 24 | $1.33 | $0.28 | ||
| Q2 24 | $1.49 | $0.37 | ||
| Q1 24 | $0.98 | $-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 | — | $456.0M |
| Total DebtLower is stronger | $5.4B | $2.7B |
| Stockholders' EquityBook value | $7.4B | $403.0M |
| Total Assets | $77.4B | $5.7B |
| Debt / EquityLower = less leverage | 0.73× | 6.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $456.0M | ||
| Q3 25 | — | $412.0M | ||
| Q2 25 | — | $357.0M | ||
| Q1 25 | — | $352.0M | ||
| Q4 24 | — | $419.0M | ||
| Q3 24 | — | $395.0M | ||
| Q2 24 | — | $374.0M | ||
| Q1 24 | — | $343.0M |
| Q4 25 | — | $2.7B | ||
| Q3 25 | $5.4B | $2.8B | ||
| Q2 25 | $5.8B | $2.8B | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $6.7B | $2.9B | ||
| Q3 24 | $6.8B | — | ||
| Q2 24 | $7.1B | — | ||
| Q1 24 | $7.1B | — |
| Q4 25 | — | $403.0M | ||
| Q3 25 | $7.4B | $330.0M | ||
| Q2 25 | $6.9B | $350.0M | ||
| Q1 25 | $7.1B | $275.0M | ||
| Q4 24 | $6.5B | $219.0M | ||
| Q3 24 | $7.4B | $264.0M | ||
| Q2 24 | $6.2B | $250.0M | ||
| Q1 24 | $6.0B | $283.0M |
| Q4 25 | — | $5.7B | ||
| Q3 25 | $77.4B | $5.7B | ||
| Q2 25 | $78.0B | $5.8B | ||
| Q1 25 | $77.6B | $5.7B | ||
| Q4 24 | $79.3B | $5.5B | ||
| Q3 24 | $79.7B | $5.7B | ||
| Q2 24 | $79.6B | $5.8B | ||
| Q1 24 | $79.4B | $5.8B |
| Q4 25 | — | 6.63× | ||
| Q3 25 | 0.73× | 8.45× | ||
| Q2 25 | 0.84× | 8.05× | ||
| Q1 25 | 0.81× | — | ||
| Q4 24 | 1.02× | 13.05× | ||
| Q3 24 | 0.92× | — | ||
| Q2 24 | 1.15× | — | ||
| Q1 24 | 1.18× | — |
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 | $-270.0M | $231.0M |
| Free Cash FlowOCF − Capex | — | $194.0M |
| FCF MarginFCF / Revenue | — | 16.8% |
| Capex IntensityCapex / Revenue | — | 3.2% |
| Cash ConversionOCF / Net Profit | -1.53× | 2.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | $239.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $231.0M | ||
| Q3 25 | $-270.0M | $25.0M | ||
| Q2 25 | $476.0M | $-23.0M | ||
| Q1 25 | $273.0M | $123.0M | ||
| Q4 24 | $601.0M | $80.0M | ||
| Q3 24 | $1.0B | $107.0M | ||
| Q2 24 | $111.0M | $9.0M | ||
| Q1 24 | $-205.0M | $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 | -1.53× | 0.96× | ||
| Q2 25 | 2.39× | -0.59× | ||
| Q1 25 | 1.59× | 8.79× | ||
| Q4 24 | 3.54× | 1.95× | ||
| Q3 24 | 5.70× | 5.10× | ||
| Q2 24 | 0.54× | 0.33× | ||
| Q1 24 | -1.49× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMA
Segment breakdown not available.
NATL
| Services | $848.0M | 74% |
| APJ | $136.0M | 12% |
| Americas Excluding United States | $135.0M | 12% |
| TT | $44.0M | 4% |
