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Side-by-side financial comparison of NCR Atleos Corp (NATL) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.
PACS Group, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.2× 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, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 4.0%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% 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.
NATL vs PACS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.4B |
| Net Profit | $83.0M | $59.7M |
| Gross Margin | — | — |
| Operating Margin | 13.5% | 7.0% |
| Net Margin | 7.2% | 4.4% |
| Revenue YoY | 4.0% | 18.4% |
| Net Profit YoY | 102.4% | 3022.5% |
| EPS (diluted) | $1.09 | $0.42 |
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 | $1.4B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $979.0M | $1.3B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $1.1B | $981.4M | ||
| Q1 24 | $1.0B | $934.3M |
| Q4 25 | $83.0M | $59.7M | ||
| Q3 25 | $26.0M | $52.4M | ||
| Q2 25 | $39.0M | $51.0M | ||
| Q1 25 | $14.0M | $28.5M | ||
| Q4 24 | $41.0M | $1.9M | ||
| Q3 24 | $21.0M | $15.6M | ||
| Q2 24 | $27.0M | $-10.9M | ||
| Q1 24 | $-9.0M | $49.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | — | 21.2% |
| Q4 25 | 13.5% | 7.0% | ||
| Q3 25 | 9.8% | 6.4% | ||
| Q2 25 | 10.8% | 6.2% | ||
| Q1 25 | 9.5% | 3.8% | ||
| Q4 24 | 13.4% | 1.7% | ||
| Q3 24 | 10.6% | 2.2% | ||
| Q2 24 | 9.8% | 0.1% | ||
| Q1 24 | 6.5% | 8.6% |
| Q4 25 | 7.2% | 4.4% | ||
| Q3 25 | 2.3% | 3.9% | ||
| Q2 25 | 3.5% | 3.9% | ||
| Q1 25 | 1.4% | 2.2% | ||
| Q4 24 | 3.7% | 0.2% | ||
| Q3 24 | 2.0% | 1.5% | ||
| Q2 24 | 2.5% | -1.1% | ||
| Q1 24 | -0.9% | 5.3% |
| Q4 25 | $1.09 | $0.42 | ||
| Q3 25 | $0.34 | $0.32 | ||
| Q2 25 | $0.52 | $0.31 | ||
| Q1 25 | $0.19 | $0.17 | ||
| Q4 24 | $0.56 | $-0.03 | ||
| Q3 24 | $0.28 | $0.10 | ||
| Q2 24 | $0.37 | $-0.07 | ||
| Q1 24 | $-0.13 | $0.38 |
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 | $197.0M |
| Total DebtLower is stronger | $2.7B | $353.2M |
| Stockholders' EquityBook value | $403.0M | $946.8M |
| Total Assets | $5.7B | $5.6B |
| Debt / EquityLower = less leverage | 6.63× | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $456.0M | $197.0M | ||
| Q3 25 | $412.0M | $355.7M | ||
| Q2 25 | $357.0M | $294.2M | ||
| Q1 25 | $352.0M | $287.5M | ||
| Q4 24 | $419.0M | $157.7M | ||
| Q3 24 | $395.0M | $49.5M | ||
| Q2 24 | $374.0M | $73.4M | ||
| Q1 24 | $343.0M | $81.2M |
| Q4 25 | $2.7B | $353.2M | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.9B | $411.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $403.0M | $946.8M | ||
| Q3 25 | $330.0M | $871.3M | ||
| Q2 25 | $350.0M | $806.8M | ||
| Q1 25 | $275.0M | $750.2M | ||
| Q4 24 | $219.0M | $709.6M | ||
| Q3 24 | $264.0M | $660.0M | ||
| Q2 24 | $250.0M | $572.1M | ||
| Q1 24 | $283.0M | $128.0M |
| Q4 25 | $5.7B | $5.6B | ||
| Q3 25 | $5.7B | $5.6B | ||
| Q2 25 | $5.8B | $5.5B | ||
| Q1 25 | $5.7B | $5.5B | ||
| Q4 24 | $5.5B | $5.2B | ||
| Q3 24 | $5.7B | $4.5B | ||
| Q2 24 | $5.8B | $3.9B | ||
| Q1 24 | $5.8B | $3.9B |
| Q4 25 | 6.63× | 0.37× | ||
| Q3 25 | 8.45× | — | ||
| Q2 25 | 8.05× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.05× | 0.58× | ||
| 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 | $231.0M | $-3.4M |
| Free Cash FlowOCF − Capex | $194.0M | — |
| FCF MarginFCF / Revenue | 16.8% | — |
| Capex IntensityCapex / Revenue | 3.2% | — |
| Cash ConversionOCF / Net Profit | 2.78× | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | $239.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $231.0M | $-3.4M | ||
| Q3 25 | $25.0M | $204.8M | ||
| Q2 25 | $-23.0M | $52.6M | ||
| Q1 25 | $123.0M | $150.2M | ||
| Q4 24 | $80.0M | $64.6M | ||
| Q3 24 | $107.0M | $209.2M | ||
| Q2 24 | $9.0M | $34.8M | ||
| Q1 24 | $148.0M | $58.8M |
| 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× | -0.06× | ||
| Q3 25 | 0.96× | 3.91× | ||
| Q2 25 | -0.59× | 1.03× | ||
| Q1 25 | 8.79× | 5.28× | ||
| Q4 24 | 1.95× | 33.78× | ||
| Q3 24 | 5.10× | 13.39× | ||
| Q2 24 | 0.33× | — | ||
| Q1 24 | — | 1.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NATL
| Services | $848.0M | 74% |
| APJ | $136.0M | 12% |
| Americas Excluding United States | $135.0M | 12% |
| TT | $44.0M | 4% |
PACS
Segment breakdown not available.
