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Side-by-side financial comparison of HERTZ GLOBAL HOLDINGS, INC (HTZ) and NCR Atleos Corp (NATL). Click either name above to swap in a different company.
HERTZ GLOBAL HOLDINGS, INC is the larger business by last-quarter revenue ($2.0B vs $1.2B, roughly 1.8× NCR Atleos Corp). NCR Atleos Corp runs the higher net margin — 7.2% vs -9.6%, a 16.8% gap on every dollar of revenue. On growth, NCR Atleos Corp posted the faster year-over-year revenue change (4.0% vs -0.6%). Over the past eight quarters, NCR Atleos Corp's revenue compounded faster (4.9% CAGR vs -1.3%).
Hertz Global Holdings, Inc., known as Hertz, is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car, Firefly Car Rental, and Thrifty Car Rental.
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.
HTZ vs NATL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.2B |
| Net Profit | $-194.0M | $83.0M |
| Gross Margin | — | — |
| Operating Margin | -11.0% | 13.5% |
| Net Margin | -9.6% | 7.2% |
| Revenue YoY | -0.6% | 4.0% |
| Net Profit YoY | 59.5% | 102.4% |
| EPS (diluted) | $-0.46 | $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 | $2.0B | $1.2B | ||
| Q3 25 | $2.5B | $1.1B | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $1.8B | $979.0M | ||
| Q4 24 | $2.0B | $1.1B | ||
| Q3 24 | $2.6B | $1.1B | ||
| Q2 24 | $2.4B | $1.1B | ||
| Q1 24 | $2.1B | $1.0B |
| Q4 25 | $-194.0M | $83.0M | ||
| Q3 25 | $184.0M | $26.0M | ||
| Q2 25 | $-294.0M | $39.0M | ||
| Q1 25 | $-443.0M | $14.0M | ||
| Q4 24 | $-479.0M | $41.0M | ||
| Q3 24 | $-1.3B | $21.0M | ||
| Q2 24 | $-865.0M | $27.0M | ||
| Q1 24 | $-186.0M | $-9.0M |
| Q4 25 | -11.0% | 13.5% | ||
| Q3 25 | 9.4% | 9.8% | ||
| Q2 25 | -14.5% | 10.8% | ||
| Q1 25 | -29.0% | 9.5% | ||
| Q4 24 | -27.6% | 13.4% | ||
| Q3 24 | -62.9% | 10.6% | ||
| Q2 24 | -20.1% | 9.8% | ||
| Q1 24 | -27.9% | 6.5% |
| Q4 25 | -9.6% | 7.2% | ||
| Q3 25 | 7.4% | 2.3% | ||
| Q2 25 | -13.5% | 3.5% | ||
| Q1 25 | -24.4% | 1.4% | ||
| Q4 24 | -23.5% | 3.7% | ||
| Q3 24 | -51.7% | 2.0% | ||
| Q2 24 | -36.8% | 2.5% | ||
| Q1 24 | -8.9% | -0.9% |
| Q4 25 | $-0.46 | $1.09 | ||
| Q3 25 | $0.42 | $0.34 | ||
| Q2 25 | $-0.95 | $0.52 | ||
| Q1 25 | $-1.44 | $0.19 | ||
| Q4 24 | $-1.57 | $0.56 | ||
| Q3 24 | $-4.34 | $0.28 | ||
| Q2 24 | $-2.82 | $0.37 | ||
| Q1 24 | $-0.61 | $-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 | $565.0M | $456.0M |
| Total DebtLower is stronger | — | $2.7B |
| Stockholders' EquityBook value | $-459.0M | $403.0M |
| Total Assets | $22.3B | $5.7B |
| Debt / EquityLower = less leverage | — | 6.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $565.0M | $456.0M | ||
| Q3 25 | $1.1B | $412.0M | ||
| Q2 25 | $503.0M | $357.0M | ||
| Q1 25 | $626.0M | $352.0M | ||
| Q4 24 | $592.0M | $419.0M | ||
| Q3 24 | $501.0M | $395.0M | ||
| Q2 24 | $568.0M | $374.0M | ||
| Q1 24 | $465.0M | $343.0M |
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-459.0M | $403.0M | ||
| Q3 25 | $-317.0M | $330.0M | ||
| Q2 25 | $-504.0M | $350.0M | ||
| Q1 25 | $-262.0M | $275.0M | ||
| Q4 24 | $153.0M | $219.0M | ||
| Q3 24 | $681.0M | $264.0M | ||
| Q2 24 | $2.0B | $250.0M | ||
| Q1 24 | $2.8B | $283.0M |
| Q4 25 | $22.3B | $5.7B | ||
| Q3 25 | $23.0B | $5.7B | ||
| Q2 25 | $23.1B | $5.8B | ||
| Q1 25 | $22.0B | $5.7B | ||
| Q4 24 | $21.8B | $5.5B | ||
| Q3 24 | $23.0B | $5.7B | ||
| Q2 24 | $25.2B | $5.8B | ||
| Q1 24 | $24.3B | $5.8B |
| Q4 25 | — | 6.63× | ||
| Q3 25 | — | 8.45× | ||
| Q2 25 | — | 8.05× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 13.05× | ||
| Q3 24 | — | — | ||
| 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 | $193.0M | $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 | $193.0M | $231.0M | ||
| Q3 25 | $835.0M | $25.0M | ||
| Q2 25 | $346.0M | $-23.0M | ||
| Q1 25 | $251.0M | $123.0M | ||
| Q4 24 | $414.0M | $80.0M | ||
| Q3 24 | $894.0M | $107.0M | ||
| Q2 24 | $546.0M | $9.0M | ||
| Q1 24 | $370.0M | $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 | 4.54× | 0.96× | ||
| Q2 25 | — | -0.59× | ||
| Q1 25 | — | 8.79× | ||
| Q4 24 | — | 1.95× | ||
| Q3 24 | — | 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
HTZ
Segment breakdown not available.
NATL
| Services | $848.0M | 74% |
| APJ | $136.0M | 12% |
| Americas Excluding United States | $135.0M | 12% |
| TT | $44.0M | 4% |
