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Side-by-side financial comparison of Liberty Global Ltd. (LBTYA) and NCR Atleos Corp (NATL). Click either name above to swap in a different company.

Liberty Global Ltd. is the larger business by last-quarter revenue ($1.2B vs $1.2B, roughly 1.1× NCR Atleos Corp). NCR Atleos Corp runs the higher net margin — 7.2% vs -237.0%, a 244.2% gap on every dollar of revenue. On growth, Liberty Global Ltd. posted the faster year-over-year revenue change (187.2% vs 4.0%). NCR Atleos Corp produced more free cash flow last quarter ($194.0M vs $193.3M). Over the past eight quarters, NCR Atleos Corp's revenue compounded faster (4.9% CAGR vs -20.4%).

Liberty Global Ltd. is a British-Dutch-American multinational telecommunications company domiciled in Bermuda, with headquarters in London, Amsterdam and Denver. Its respective legal names are Liberty Global Holdings Limited (UK), Liberty Global B.V. (Netherlands) and Liberty Global, Inc., with the first of these being publicly traded. It was formed in 2005 by the merger of the international arm of Liberty Media and UnitedGlobalCom (UGC).

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.

LBTYA vs NATL — Head-to-Head

Bigger by revenue
LBTYA
LBTYA
1.1× larger
LBTYA
$1.2B
$1.2B
NATL
Growing faster (revenue YoY)
LBTYA
LBTYA
+183.2% gap
LBTYA
187.2%
4.0%
NATL
Higher net margin
NATL
NATL
244.2% more per $
NATL
7.2%
-237.0%
LBTYA
More free cash flow
NATL
NATL
$700.0K more FCF
NATL
$194.0M
$193.3M
LBTYA
Faster 2-yr revenue CAGR
NATL
NATL
Annualised
NATL
4.9%
-20.4%
LBTYA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LBTYA
LBTYA
NATL
NATL
Revenue
$1.2B
$1.2B
Net Profit
$-2.9B
$83.0M
Gross Margin
66.8%
Operating Margin
-8.6%
13.5%
Net Margin
-237.0%
7.2%
Revenue YoY
187.2%
4.0%
Net Profit YoY
-230.0%
102.4%
EPS (diluted)
$-8.66
$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
LBTYA
LBTYA
NATL
NATL
Q4 25
$1.2B
$1.2B
Q3 25
$1.2B
$1.1B
Q2 25
$1.3B
$1.1B
Q1 25
$1.2B
$979.0M
Q4 24
$-1.4B
$1.1B
Q3 24
$1.9B
$1.1B
Q2 24
$1.9B
$1.1B
Q1 24
$1.9B
$1.0B
Net Profit
LBTYA
LBTYA
NATL
NATL
Q4 25
$-2.9B
$83.0M
Q3 25
$-90.7M
$26.0M
Q2 25
$-2.8B
$39.0M
Q1 25
$-1.3B
$14.0M
Q4 24
$2.2B
$41.0M
Q3 24
$-1.4B
$21.0M
Q2 24
$268.1M
$27.0M
Q1 24
$510.0M
$-9.0M
Gross Margin
LBTYA
LBTYA
NATL
NATL
Q4 25
66.8%
Q3 25
67.5%
Q2 25
63.3%
Q1 25
65.6%
Q4 24
Q3 24
69.4%
Q2 24
68.5%
Q1 24
65.4%
Operating Margin
LBTYA
LBTYA
NATL
NATL
Q4 25
-8.6%
13.5%
Q3 25
-0.7%
9.8%
Q2 25
2.3%
10.8%
Q1 25
5.2%
9.5%
Q4 24
13.4%
Q3 24
5.2%
10.6%
Q2 24
1.0%
9.8%
Q1 24
1.2%
6.5%
Net Margin
LBTYA
LBTYA
NATL
NATL
Q4 25
-237.0%
7.2%
Q3 25
-7.5%
2.3%
Q2 25
-220.1%
3.5%
Q1 25
-114.2%
1.4%
Q4 24
-158.9%
3.7%
Q3 24
-74.1%
2.0%
Q2 24
14.3%
2.5%
Q1 24
26.2%
-0.9%
EPS (diluted)
LBTYA
LBTYA
NATL
NATL
Q4 25
$-8.66
$1.09
Q3 25
$-0.27
$0.34
Q2 25
$-8.09
$0.52
Q1 25
$-3.84
$0.19
Q4 24
$6.15
$0.56
Q3 24
$-3.95
$0.28
Q2 24
$0.71
$0.37
Q1 24
$1.32
$-0.13

Balance Sheet & Financial Strength

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

Metric
LBTYA
LBTYA
NATL
NATL
Cash + ST InvestmentsLiquidity on hand
$2.2B
$456.0M
Total DebtLower is stronger
$7.8B
$2.7B
Stockholders' EquityBook value
$9.7B
$403.0M
Total Assets
$22.6B
$5.7B
Debt / EquityLower = less leverage
0.80×
6.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LBTYA
LBTYA
NATL
NATL
Q4 25
$2.2B
$456.0M
Q3 25
$1.7B
$412.0M
Q2 25
$3.1B
$357.0M
Q1 25
$2.0B
$352.0M
Q4 24
$2.2B
$419.0M
Q3 24
$3.3B
$395.0M
Q2 24
$3.2B
$374.0M
Q1 24
$2.8B
$343.0M
Total Debt
LBTYA
LBTYA
NATL
NATL
Q4 25
$7.8B
$2.7B
Q3 25
$7.8B
$2.8B
Q2 25
$7.8B
$2.8B
Q1 25
$8.2B
Q4 24
$8.2B
$2.9B
Q3 24
$14.9B
Q2 24
$14.7B
Q1 24
$14.8B
Stockholders' Equity
LBTYA
LBTYA
NATL
NATL
Q4 25
$9.7B
$403.0M
Q3 25
$12.7B
$330.0M
Q2 25
$13.0B
$350.0M
Q1 25
$12.6B
$275.0M
Q4 24
$12.4B
$219.0M
Q3 24
$18.7B
$264.0M
Q2 24
$18.3B
$250.0M
Q1 24
$18.4B
$283.0M
Total Assets
LBTYA
LBTYA
NATL
NATL
Q4 25
$22.6B
$5.7B
Q3 25
$25.4B
$5.7B
Q2 25
$27.2B
$5.8B
Q1 25
$26.0B
$5.7B
Q4 24
$25.4B
$5.5B
Q3 24
$41.8B
$5.7B
Q2 24
$40.8B
$5.8B
Q1 24
$40.6B
$5.8B
Debt / Equity
LBTYA
LBTYA
NATL
NATL
Q4 25
0.80×
6.63×
Q3 25
0.61×
8.45×
Q2 25
0.60×
8.05×
Q1 25
0.65×
Q4 24
0.66×
13.05×
Q3 24
0.80×
Q2 24
0.80×
Q1 24
0.80×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LBTYA
LBTYA
NATL
NATL
Operating Cash FlowLast quarter
$630.9M
$231.0M
Free Cash FlowOCF − Capex
$193.3M
$194.0M
FCF MarginFCF / Revenue
15.7%
16.8%
Capex IntensityCapex / Revenue
35.5%
3.2%
Cash ConversionOCF / Net Profit
2.78×
TTM Free Cash FlowTrailing 4 quarters
$-132.0M
$239.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LBTYA
LBTYA
NATL
NATL
Q4 25
$630.9M
$231.0M
Q3 25
$301.8M
$25.0M
Q2 25
$149.2M
$-23.0M
Q1 25
$129.2M
$123.0M
Q4 24
$791.6M
$80.0M
Q3 24
$449.5M
$107.0M
Q2 24
$546.1M
$9.0M
Q1 24
$245.7M
$148.0M
Free Cash Flow
LBTYA
LBTYA
NATL
NATL
Q4 25
$193.3M
$194.0M
Q3 25
$-41.1M
$-5.0M
Q2 25
$-170.1M
$-44.0M
Q1 25
$-114.1M
$94.0M
Q4 24
$712.9M
$62.0M
Q3 24
$102.4M
$85.0M
Q2 24
$256.8M
$-14.0M
Q1 24
$-105.1M
$124.0M
FCF Margin
LBTYA
LBTYA
NATL
NATL
Q4 25
15.7%
16.8%
Q3 25
-3.4%
-0.4%
Q2 25
-13.4%
-4.0%
Q1 25
-9.7%
9.6%
Q4 24
-50.5%
5.6%
Q3 24
5.3%
7.9%
Q2 24
13.7%
-1.3%
Q1 24
-5.4%
11.9%
Capex Intensity
LBTYA
LBTYA
NATL
NATL
Q4 25
35.5%
3.2%
Q3 25
28.4%
2.7%
Q2 25
25.2%
1.9%
Q1 25
20.8%
3.0%
Q4 24
-5.6%
1.6%
Q3 24
17.9%
2.1%
Q2 24
15.4%
2.1%
Q1 24
18.0%
2.3%
Cash Conversion
LBTYA
LBTYA
NATL
NATL
Q4 25
2.78×
Q3 25
0.96×
Q2 25
-0.59×
Q1 25
8.79×
Q4 24
0.35×
1.95×
Q3 24
5.10×
Q2 24
2.04×
0.33×
Q1 24
0.48×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LBTYA
LBTYA

Segment breakdown not available.

NATL
NATL

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

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