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Side-by-side financial comparison of NCR Atleos Corp (NATL) and Public Storage (PSA). Click either name above to swap in a different company.
Public Storage is the larger business by last-quarter revenue ($1.2B vs $1.2B, roughly 1.1× NCR Atleos Corp). Public Storage runs the higher net margin — 41.7% vs 7.2%, a 34.5% gap on every dollar of revenue. On growth, NCR Atleos Corp posted the faster year-over-year revenue change (4.0% vs 3.3%). Over the past eight quarters, NCR Atleos Corp's revenue compounded faster (4.9% CAGR vs 2.5%).
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.
Public Storage, headquartered in Glendale, California, is a real estate investment trust that invests in self storage. It is the largest brand of self-storage services in the US and owns approximately 9% of the self storage square footage in the U.S. As of December 31, 2024, the company operated 3,073 self-storage facilities containing an aggregate of 221 million net rentable square feet of space.
NATL vs PSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.2B |
| Net Profit | $83.0M | $507.1M |
| Gross Margin | — | — |
| Operating Margin | 13.5% | 40.7% |
| Net Margin | 7.2% | 41.7% |
| Revenue YoY | 4.0% | 3.3% |
| Net Profit YoY | 102.4% | -17.5% |
| EPS (diluted) | $1.09 | $2.59 |
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 | $1.2B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $979.0M | $1.2B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.0B | $1.2B |
| Q4 25 | $83.0M | $507.1M | ||
| Q3 25 | $26.0M | $511.1M | ||
| Q2 25 | $39.0M | $358.4M | ||
| Q1 25 | $14.0M | $407.8M | ||
| Q4 24 | $41.0M | $614.6M | ||
| Q3 24 | $21.0M | $430.3M | ||
| Q2 24 | $27.0M | $518.1M | ||
| Q1 24 | $-9.0M | $508.9M |
| Q4 25 | 13.5% | 40.7% | ||
| Q3 25 | 9.8% | 42.3% | ||
| Q2 25 | 10.8% | 30.4% | ||
| Q1 25 | 9.5% | 34.8% | ||
| Q4 24 | 13.4% | 52.4% | ||
| Q3 24 | 10.6% | 36.7% | ||
| Q2 24 | 9.8% | 44.6% | ||
| Q1 24 | 6.5% | 44.3% |
| Q4 25 | 7.2% | 41.7% | ||
| Q3 25 | 2.3% | 41.8% | ||
| Q2 25 | 3.5% | 29.8% | ||
| Q1 25 | 1.4% | 34.5% | ||
| Q4 24 | 3.7% | 52.2% | ||
| Q3 24 | 2.0% | 36.2% | ||
| Q2 24 | 2.5% | 44.2% | ||
| Q1 24 | -0.9% | 44.0% |
| Q4 25 | $1.09 | $2.59 | ||
| Q3 25 | $0.34 | $2.62 | ||
| Q2 25 | $0.52 | $1.76 | ||
| Q1 25 | $0.19 | $2.04 | ||
| Q4 24 | $0.56 | $3.22 | ||
| Q3 24 | $0.28 | $2.16 | ||
| Q2 24 | $0.37 | $2.66 | ||
| Q1 24 | $-0.13 | $2.60 |
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 | $318.1M |
| Total DebtLower is stronger | $2.7B | $10.3B |
| Stockholders' EquityBook value | $403.0M | $9.2B |
| Total Assets | $5.7B | $20.2B |
| Debt / EquityLower = less leverage | 6.63× | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $456.0M | $318.1M | ||
| Q3 25 | $412.0M | $296.5M | ||
| Q2 25 | $357.0M | $1.1B | ||
| Q1 25 | $352.0M | $287.2M | ||
| Q4 24 | $419.0M | $447.4M | ||
| Q3 24 | $395.0M | $599.0M | ||
| Q2 24 | $374.0M | $542.3M | ||
| Q1 24 | $343.0M | $271.6M |
| Q4 25 | $2.7B | $10.3B | ||
| Q3 25 | $2.8B | $10.0B | ||
| Q2 25 | $2.8B | $10.4B | ||
| Q1 25 | — | $9.4B | ||
| Q4 24 | $2.9B | $9.4B | ||
| Q3 24 | — | $9.5B | ||
| Q2 24 | — | $9.4B | ||
| Q1 24 | — | $9.1B |
| Q4 25 | $403.0M | $9.2B | ||
| Q3 25 | $330.0M | $9.3B | ||
| Q2 25 | $350.0M | $9.4B | ||
| Q1 25 | $275.0M | $9.6B | ||
| Q4 24 | $219.0M | $9.7B | ||
| Q3 24 | $264.0M | $9.6B | ||
| Q2 24 | $250.0M | $9.7B | ||
| Q1 24 | $283.0M | $9.9B |
| Q4 25 | $5.7B | $20.2B | ||
| Q3 25 | $5.7B | $20.1B | ||
| Q2 25 | $5.8B | $20.5B | ||
| Q1 25 | $5.7B | $19.6B | ||
| Q4 24 | $5.5B | $19.8B | ||
| Q3 24 | $5.7B | $19.8B | ||
| Q2 24 | $5.8B | $19.8B | ||
| Q1 24 | $5.8B | $19.6B |
| Q4 25 | 6.63× | 1.11× | ||
| Q3 25 | 8.45× | 1.08× | ||
| Q2 25 | 8.05× | 1.11× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | 13.05× | 0.96× | ||
| Q3 24 | — | 0.99× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | — | 0.91× |
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 | $733.6M |
| Free Cash FlowOCF − Capex | $194.0M | — |
| FCF MarginFCF / Revenue | 16.8% | — |
| Capex IntensityCapex / Revenue | 3.2% | — |
| Cash ConversionOCF / Net Profit | 2.78× | 1.45× |
| TTM Free Cash FlowTrailing 4 quarters | $239.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $231.0M | $733.6M | ||
| Q3 25 | $25.0M | $875.1M | ||
| Q2 25 | $-23.0M | $872.7M | ||
| Q1 25 | $123.0M | $705.1M | ||
| Q4 24 | $80.0M | $768.6M | ||
| Q3 24 | $107.0M | $798.8M | ||
| Q2 24 | $9.0M | $895.3M | ||
| Q1 24 | $148.0M | $665.6M |
| 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× | 1.45× | ||
| Q3 25 | 0.96× | 1.71× | ||
| Q2 25 | -0.59× | 2.43× | ||
| Q1 25 | 8.79× | 1.73× | ||
| Q4 24 | 1.95× | 1.25× | ||
| Q3 24 | 5.10× | 1.86× | ||
| Q2 24 | 0.33× | 1.73× | ||
| Q1 24 | — | 1.31× |
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% |
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
