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Side-by-side financial comparison of Capri Holdings Ltd (CPRI) 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 $1.0B, roughly 1.1× Capri Holdings Ltd). Capri Holdings Ltd runs the higher net margin — 11.3% vs 7.2%, a 4.1% gap on every dollar of revenue. On growth, NCR Atleos Corp posted the faster year-over-year revenue change (4.0% vs -18.7%). NCR Atleos Corp produced more free cash flow last quarter ($194.0M vs $183.0M). Over the past eight quarters, NCR Atleos Corp's revenue compounded faster (4.9% CAGR vs -15.2%).

Capri Holdings Limited is a multinational fashion holding company, incorporated in the British Virgin Islands, with executive offices in London and operational offices in New York. It was founded in 1981 by American designer Michael Kors. The company sells clothes, shoes, watches, handbags, and other accessories. In 2015, the company had more than 550 stores and over 1,500 in-store boutiques in various countries.

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.

CPRI vs NATL — Head-to-Head

Bigger by revenue
NATL
NATL
1.1× larger
NATL
$1.2B
$1.0B
CPRI
Growing faster (revenue YoY)
NATL
NATL
+22.7% gap
NATL
4.0%
-18.7%
CPRI
Higher net margin
CPRI
CPRI
4.1% more per $
CPRI
11.3%
7.2%
NATL
More free cash flow
NATL
NATL
$11.0M more FCF
NATL
$194.0M
$183.0M
CPRI
Faster 2-yr revenue CAGR
NATL
NATL
Annualised
NATL
4.9%
-15.2%
CPRI

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
CPRI
CPRI
NATL
NATL
Revenue
$1.0B
$1.2B
Net Profit
$116.0M
$83.0M
Gross Margin
60.8%
Operating Margin
4.5%
13.5%
Net Margin
11.3%
7.2%
Revenue YoY
-18.7%
4.0%
Net Profit YoY
121.2%
102.4%
EPS (diluted)
$0.96
$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.

Revenue
CPRI
CPRI
NATL
NATL
Q4 25
$1.0B
$1.2B
Q3 25
$856.0M
$1.1B
Q2 25
$797.0M
$1.1B
Q1 25
$1.6B
$979.0M
Q4 24
$1.1B
$1.1B
Q3 24
$878.0M
$1.1B
Q2 24
$848.0M
$1.1B
Q1 24
$1.0B
Net Profit
CPRI
CPRI
NATL
NATL
Q4 25
$116.0M
$83.0M
Q3 25
$-28.0M
$26.0M
Q2 25
$53.0M
$39.0M
Q1 25
$-645.0M
$14.0M
Q4 24
$-547.0M
$41.0M
Q3 24
$24.0M
$21.0M
Q2 24
$-14.0M
$27.0M
Q1 24
$-9.0M
Gross Margin
CPRI
CPRI
NATL
NATL
Q4 25
60.8%
Q3 25
61.0%
Q2 25
63.0%
Q1 25
64.9%
Q4 24
63.1%
Q3 24
62.3%
Q2 24
63.1%
Q1 24
Operating Margin
CPRI
CPRI
NATL
NATL
Q4 25
4.5%
13.5%
Q3 25
-1.4%
9.8%
Q2 25
2.0%
10.8%
Q1 25
-47.5%
9.5%
Q4 24
2.4%
13.4%
Q3 24
-0.7%
10.6%
Q2 24
1.3%
9.8%
Q1 24
6.5%
Net Margin
CPRI
CPRI
NATL
NATL
Q4 25
11.3%
7.2%
Q3 25
-3.3%
2.3%
Q2 25
6.6%
3.5%
Q1 25
-39.1%
1.4%
Q4 24
-51.2%
3.7%
Q3 24
2.7%
2.0%
Q2 24
-1.7%
2.5%
Q1 24
-0.9%
EPS (diluted)
CPRI
CPRI
NATL
NATL
Q4 25
$0.96
$1.09
Q3 25
$-0.22
$0.34
Q2 25
$0.44
$0.52
Q1 25
$-5.47
$0.19
Q4 24
$-4.61
$0.56
Q3 24
$0.20
$0.28
Q2 24
$-0.12
$0.37
Q1 24
$-0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CPRI
CPRI
NATL
NATL
Cash + ST InvestmentsLiquidity on hand
$154.0M
$456.0M
Total DebtLower is stronger
$234.0M
$2.7B
Stockholders' EquityBook value
$105.0M
$403.0M
Total Assets
$3.3B
$5.7B
Debt / EquityLower = less leverage
2.23×
6.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CPRI
CPRI
NATL
NATL
Q4 25
$154.0M
$456.0M
Q3 25
$120.0M
$412.0M
Q2 25
$129.0M
$357.0M
Q1 25
$107.0M
$352.0M
Q4 24
$356.0M
$419.0M
Q3 24
$182.0M
$395.0M
Q2 24
$213.0M
$374.0M
Q1 24
$343.0M
Total Debt
CPRI
CPRI
NATL
NATL
Q4 25
$234.0M
$2.7B
Q3 25
$1.8B
$2.8B
Q2 25
$1.7B
$2.8B
Q1 25
$1.5B
Q4 24
$1.5B
$2.9B
Q3 24
$1.7B
Q2 24
$1.7B
Q1 24
Stockholders' Equity
CPRI
CPRI
NATL
NATL
Q4 25
$105.0M
$403.0M
Q3 25
$-74.0M
$330.0M
Q2 25
$-17.0M
$350.0M
Q1 25
$368.0M
$275.0M
Q4 24
$1.1B
$219.0M
Q3 24
$1.5B
$264.0M
Q2 24
$1.6B
$250.0M
Q1 24
$283.0M
Total Assets
CPRI
CPRI
NATL
NATL
Q4 25
$3.3B
$5.7B
Q3 25
$5.6B
$5.7B
Q2 25
$5.5B
$5.8B
Q1 25
$5.2B
$5.7B
Q4 24
$5.9B
$5.5B
Q3 24
$6.8B
$5.7B
Q2 24
$6.6B
$5.8B
Q1 24
$5.8B
Debt / Equity
CPRI
CPRI
NATL
NATL
Q4 25
2.23×
6.63×
Q3 25
8.45×
Q2 25
8.05×
Q1 25
4.05×
Q4 24
1.38×
13.05×
Q3 24
1.15×
Q2 24
1.08×
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
CPRI
CPRI
NATL
NATL
Operating Cash FlowLast quarter
$202.0M
$231.0M
Free Cash FlowOCF − Capex
$183.0M
$194.0M
FCF MarginFCF / Revenue
17.9%
16.8%
Capex IntensityCapex / Revenue
1.9%
3.2%
Cash ConversionOCF / Net Profit
1.74×
2.78×
TTM Free Cash FlowTrailing 4 quarters
$-134.0M
$239.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CPRI
CPRI
NATL
NATL
Q4 25
$202.0M
$231.0M
Q3 25
$-52.0M
$25.0M
Q2 25
$-8.0M
$-23.0M
Q1 25
$-161.0M
$123.0M
Q4 24
$309.0M
$80.0M
Q3 24
$50.0M
$107.0M
Q2 24
$83.0M
$9.0M
Q1 24
$148.0M
Free Cash Flow
CPRI
CPRI
NATL
NATL
Q4 25
$183.0M
$194.0M
Q3 25
$-65.0M
$-5.0M
Q2 25
$-21.0M
$-44.0M
Q1 25
$-231.0M
$94.0M
Q4 24
$287.0M
$62.0M
Q3 24
$30.0M
$85.0M
Q2 24
$67.0M
$-14.0M
Q1 24
$124.0M
FCF Margin
CPRI
CPRI
NATL
NATL
Q4 25
17.9%
16.8%
Q3 25
-7.6%
-0.4%
Q2 25
-2.6%
-4.0%
Q1 25
-14.0%
9.6%
Q4 24
26.9%
5.6%
Q3 24
3.4%
7.9%
Q2 24
7.9%
-1.3%
Q1 24
11.9%
Capex Intensity
CPRI
CPRI
NATL
NATL
Q4 25
1.9%
3.2%
Q3 25
1.5%
2.7%
Q2 25
1.6%
1.9%
Q1 25
4.2%
3.0%
Q4 24
2.1%
1.6%
Q3 24
2.3%
2.1%
Q2 24
1.9%
2.1%
Q1 24
2.3%
Cash Conversion
CPRI
CPRI
NATL
NATL
Q4 25
1.74×
2.78×
Q3 25
0.96×
Q2 25
-0.15×
-0.59×
Q1 25
8.79×
Q4 24
1.95×
Q3 24
2.08×
5.10×
Q2 24
0.33×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CPRI
CPRI

Michael Kors Segment$593.0M58%
Other$379.0M37%
Jimmy Choo Segment$53.0M5%

NATL
NATL

Services$848.0M74%
APJ$136.0M12%
Americas Excluding United States$135.0M12%
TT$44.0M4%

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