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

BeOne Medicines Ltd. is the larger business by last-quarter revenue ($1.5B vs $1.2B, roughly 1.3× NCR Atleos Corp). NCR Atleos Corp runs the higher net margin — 7.2% vs 4.4%, a 2.8% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs 4.0%). BeOne Medicines Ltd. produced more free cash flow last quarter ($379.8M vs $194.0M). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% CAGR vs 4.9%).

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.

BeOne Medicines, formerly known as BeiGene, Ltd. is a multinational oncology company. It specializes in the development of drugs for cancer treatment.

NATL vs ONC — Head-to-Head

Bigger by revenue
ONC
ONC
1.3× larger
ONC
$1.5B
$1.2B
NATL
Growing faster (revenue YoY)
ONC
ONC
+28.9% gap
ONC
32.8%
4.0%
NATL
Higher net margin
NATL
NATL
2.8% more per $
NATL
7.2%
4.4%
ONC
More free cash flow
ONC
ONC
$185.8M more FCF
ONC
$379.8M
$194.0M
NATL
Faster 2-yr revenue CAGR
ONC
ONC
Annualised
ONC
41.2%
4.9%
NATL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NATL
NATL
ONC
ONC
Revenue
$1.2B
$1.5B
Net Profit
$83.0M
$66.5M
Gross Margin
90.5%
Operating Margin
13.5%
12.4%
Net Margin
7.2%
4.4%
Revenue YoY
4.0%
32.8%
Net Profit YoY
102.4%
143.8%
EPS (diluted)
$1.09
$0.05

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
NATL
NATL
ONC
ONC
Q4 25
$1.2B
$1.5B
Q3 25
$1.1B
$1.4B
Q2 25
$1.1B
$1.3B
Q1 25
$979.0M
$1.1B
Q4 24
$1.1B
$1.1B
Q3 24
$1.1B
$1.0B
Q2 24
$1.1B
$929.2M
Q1 24
$1.0B
$751.7M
Net Profit
NATL
NATL
ONC
ONC
Q4 25
$83.0M
$66.5M
Q3 25
$26.0M
$124.8M
Q2 25
$39.0M
$94.3M
Q1 25
$14.0M
$1.3M
Q4 24
$41.0M
$-151.9M
Q3 24
$21.0M
$-121.3M
Q2 24
$27.0M
$-120.4M
Q1 24
$-9.0M
$-251.2M
Gross Margin
NATL
NATL
ONC
ONC
Q4 25
90.5%
Q3 25
86.1%
Q2 25
87.5%
Q1 25
85.2%
Q4 24
85.8%
Q3 24
83.0%
Q2 24
85.1%
Q1 24
83.4%
Operating Margin
NATL
NATL
ONC
ONC
Q4 25
13.5%
12.4%
Q3 25
9.8%
11.5%
Q2 25
10.8%
6.7%
Q1 25
9.5%
1.0%
Q4 24
13.4%
-7.0%
Q3 24
10.6%
-12.0%
Q2 24
9.8%
-11.5%
Q1 24
6.5%
-34.8%
Net Margin
NATL
NATL
ONC
ONC
Q4 25
7.2%
4.4%
Q3 25
2.3%
8.8%
Q2 25
3.5%
7.2%
Q1 25
1.4%
0.1%
Q4 24
3.7%
-13.5%
Q3 24
2.0%
-12.1%
Q2 24
2.5%
-13.0%
Q1 24
-0.9%
-33.4%
EPS (diluted)
NATL
NATL
ONC
ONC
Q4 25
$1.09
$0.05
Q3 25
$0.34
$0.08
Q2 25
$0.52
$0.06
Q1 25
$0.19
$0.00
Q4 24
$0.56
$-0.10
Q3 24
$0.28
$-0.09
Q2 24
$0.37
$-0.09
Q1 24
$-0.13
$-0.19

Balance Sheet & Financial Strength

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

Metric
NATL
NATL
ONC
ONC
Cash + ST InvestmentsLiquidity on hand
$456.0M
$4.5B
Total DebtLower is stronger
$2.7B
$836.4M
Stockholders' EquityBook value
$403.0M
$4.4B
Total Assets
$5.7B
$8.2B
Debt / EquityLower = less leverage
6.63×
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NATL
NATL
ONC
ONC
Q4 25
$456.0M
$4.5B
Q3 25
$412.0M
$4.0B
Q2 25
$357.0M
$2.8B
Q1 25
$352.0M
$2.5B
Q4 24
$419.0M
$2.6B
Q3 24
$395.0M
$2.7B
Q2 24
$374.0M
$2.6B
Q1 24
$343.0M
$2.8B
Total Debt
NATL
NATL
ONC
ONC
Q4 25
$2.7B
$836.4M
Q3 25
$2.8B
Q2 25
$2.8B
Q1 25
Q4 24
$2.9B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
NATL
NATL
ONC
ONC
Q4 25
$403.0M
$4.4B
Q3 25
$330.0M
$4.1B
Q2 25
$350.0M
$3.8B
Q1 25
$275.0M
$3.5B
Q4 24
$219.0M
$3.3B
Q3 24
$264.0M
$3.4B
Q2 24
$250.0M
$3.4B
Q1 24
$283.0M
$3.4B
Total Assets
NATL
NATL
ONC
ONC
Q4 25
$5.7B
$8.2B
Q3 25
$5.7B
$7.6B
Q2 25
$5.8B
$6.3B
Q1 25
$5.7B
$5.8B
Q4 24
$5.5B
$5.9B
Q3 24
$5.7B
$5.8B
Q2 24
$5.8B
$5.7B
Q1 24
$5.8B
$5.7B
Debt / Equity
NATL
NATL
ONC
ONC
Q4 25
6.63×
0.19×
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
NATL
NATL
ONC
ONC
Operating Cash FlowLast quarter
$231.0M
$417.3M
Free Cash FlowOCF − Capex
$194.0M
$379.8M
FCF MarginFCF / Revenue
16.8%
25.4%
Capex IntensityCapex / Revenue
3.2%
2.5%
Cash ConversionOCF / Net Profit
2.78×
6.28×
TTM Free Cash FlowTrailing 4 quarters
$239.0M
$941.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NATL
NATL
ONC
ONC
Q4 25
$231.0M
$417.3M
Q3 25
$25.0M
$402.6M
Q2 25
$-23.0M
$263.6M
Q1 25
$123.0M
$44.1M
Q4 24
$80.0M
$75.2M
Q3 24
$107.0M
$188.4M
Q2 24
$9.0M
$-95.6M
Q1 24
$148.0M
$-308.6M
Free Cash Flow
NATL
NATL
ONC
ONC
Q4 25
$194.0M
$379.8M
Q3 25
$-5.0M
$354.5M
Q2 25
$-44.0M
$219.8M
Q1 25
$94.0M
$-12.3M
Q4 24
$62.0M
$-17.3M
Q3 24
$85.0M
$54.7M
Q2 24
$-14.0M
$-205.5M
Q1 24
$124.0M
$-465.1M
FCF Margin
NATL
NATL
ONC
ONC
Q4 25
16.8%
25.4%
Q3 25
-0.4%
25.1%
Q2 25
-4.0%
16.7%
Q1 25
9.6%
-1.1%
Q4 24
5.6%
-1.5%
Q3 24
7.9%
5.5%
Q2 24
-1.3%
-22.1%
Q1 24
11.9%
-61.9%
Capex Intensity
NATL
NATL
ONC
ONC
Q4 25
3.2%
2.5%
Q3 25
2.7%
3.4%
Q2 25
1.9%
3.3%
Q1 25
3.0%
5.0%
Q4 24
1.6%
8.2%
Q3 24
2.1%
13.3%
Q2 24
2.1%
11.8%
Q1 24
2.3%
20.8%
Cash Conversion
NATL
NATL
ONC
ONC
Q4 25
2.78×
6.28×
Q3 25
0.96×
3.22×
Q2 25
-0.59×
2.79×
Q1 25
8.79×
34.71×
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

NATL
NATL

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

ONC
ONC

Segment breakdown not available.

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