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Side-by-side financial comparison of NCR Atleos Corp (NATL) and RH (RH). Click either name above to swap in a different company.
NCR Atleos Corp is the larger business by last-quarter revenue ($1.2B vs $883.8M, roughly 1.3× RH). NCR Atleos Corp runs the higher net margin — 7.2% vs 4.1%, a 3.1% gap on every dollar of revenue. On growth, RH posted the faster year-over-year revenue change (8.9% vs 4.0%). NCR Atleos Corp produced more free cash flow last quarter ($194.0M vs $83.0M). Over the past eight quarters, RH's revenue compounded faster (9.4% 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.
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
NATL vs RH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $883.8M |
| Net Profit | $83.0M | $36.3M |
| Gross Margin | — | 44.1% |
| Operating Margin | 13.5% | 12.0% |
| Net Margin | 7.2% | 4.1% |
| Revenue YoY | 4.0% | 8.9% |
| Net Profit YoY | 102.4% | 9.3% |
| EPS (diluted) | $1.09 | $1.83 |
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 | $883.8M | ||
| Q3 25 | $1.1B | $899.2M | ||
| Q2 25 | $1.1B | $814.0M | ||
| Q1 25 | $979.0M | $812.4M | ||
| Q4 24 | $1.1B | $811.7M | ||
| Q3 24 | $1.1B | $829.7M | ||
| Q2 24 | $1.1B | $727.0M | ||
| Q1 24 | $1.0B | $738.3M |
| Q4 25 | $83.0M | $36.3M | ||
| Q3 25 | $26.0M | $51.7M | ||
| Q2 25 | $39.0M | $8.0M | ||
| Q1 25 | $14.0M | $13.9M | ||
| Q4 24 | $41.0M | $33.2M | ||
| Q3 24 | $21.0M | $29.0M | ||
| Q2 24 | $27.0M | $-3.6M | ||
| Q1 24 | $-9.0M | $11.4M |
| Q4 25 | — | 44.1% | ||
| Q3 25 | — | 45.5% | ||
| Q2 25 | — | 43.7% | ||
| Q1 25 | — | 44.7% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.5% | ||
| Q1 24 | — | 43.5% |
| Q4 25 | 13.5% | 12.0% | ||
| Q3 25 | 9.8% | 14.3% | ||
| Q2 25 | 10.8% | 6.9% | ||
| Q1 25 | 9.5% | 8.7% | ||
| Q4 24 | 13.4% | 12.5% | ||
| Q3 24 | 10.6% | 11.6% | ||
| Q2 24 | 9.8% | 7.5% | ||
| Q1 24 | 6.5% | 8.7% |
| Q4 25 | 7.2% | 4.1% | ||
| Q3 25 | 2.3% | 5.8% | ||
| Q2 25 | 3.5% | 1.0% | ||
| Q1 25 | 1.4% | 1.7% | ||
| Q4 24 | 3.7% | 4.1% | ||
| Q3 24 | 2.0% | 3.5% | ||
| Q2 24 | 2.5% | -0.5% | ||
| Q1 24 | -0.9% | 1.5% |
| Q4 25 | $1.09 | $1.83 | ||
| Q3 25 | $0.34 | $2.62 | ||
| Q2 25 | $0.52 | $0.40 | ||
| Q1 25 | $0.19 | $0.71 | ||
| Q4 24 | $0.56 | $1.66 | ||
| Q3 24 | $0.28 | $1.45 | ||
| Q2 24 | $0.37 | $-0.20 | ||
| Q1 24 | $-0.13 | $0.91 |
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 | $43.1M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $403.0M | $3.3M |
| Total Assets | $5.7B | $4.8B |
| Debt / EquityLower = less leverage | 6.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $456.0M | $43.1M | ||
| Q3 25 | $412.0M | $34.6M | ||
| Q2 25 | $357.0M | $46.1M | ||
| Q1 25 | $352.0M | $30.4M | ||
| Q4 24 | $419.0M | $87.0M | ||
| Q3 24 | $395.0M | $78.3M | ||
| Q2 24 | $374.0M | $101.8M | ||
| Q1 24 | $343.0M | $123.7M |
| 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 | $403.0M | $3.3M | ||
| Q3 25 | $330.0M | $-40.9M | ||
| Q2 25 | $350.0M | $-110.8M | ||
| Q1 25 | $275.0M | $-163.6M | ||
| Q4 24 | $219.0M | $-183.0M | ||
| Q3 24 | $264.0M | $-234.7M | ||
| Q2 24 | $250.0M | $-289.9M | ||
| Q1 24 | $283.0M | $-297.4M |
| Q4 25 | $5.7B | $4.8B | ||
| Q3 25 | $5.7B | $4.7B | ||
| Q2 25 | $5.8B | $4.7B | ||
| Q1 25 | $5.7B | $4.6B | ||
| Q4 24 | $5.5B | $4.5B | ||
| Q3 24 | $5.7B | $4.4B | ||
| Q2 24 | $5.8B | $4.2B | ||
| Q1 24 | $5.8B | $4.1B |
| 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 | $231.0M | $131.9M |
| Free Cash FlowOCF − Capex | $194.0M | $83.0M |
| FCF MarginFCF / Revenue | 16.8% | 9.4% |
| Capex IntensityCapex / Revenue | 3.2% | 5.5% |
| Cash ConversionOCF / Net Profit | 2.78× | 3.64× |
| TTM Free Cash FlowTrailing 4 quarters | $239.0M | $128.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $231.0M | $131.9M | ||
| Q3 25 | $25.0M | $137.7M | ||
| Q2 25 | $-23.0M | $86.6M | ||
| Q1 25 | $123.0M | $-18.8M | ||
| Q4 24 | $80.0M | $-31.4M | ||
| Q3 24 | $107.0M | $11.2M | ||
| Q2 24 | $9.0M | $56.1M | ||
| Q1 24 | $148.0M | $-114.0M |
| Q4 25 | $194.0M | $83.0M | ||
| Q3 25 | $-5.0M | $80.7M | ||
| Q2 25 | $-44.0M | $34.1M | ||
| Q1 25 | $94.0M | $-69.7M | ||
| Q4 24 | $62.0M | $-96.0M | ||
| Q3 24 | $85.0M | $-37.9M | ||
| Q2 24 | $-14.0M | $-10.1M | ||
| Q1 24 | $124.0M | $-251.5M |
| Q4 25 | 16.8% | 9.4% | ||
| Q3 25 | -0.4% | 9.0% | ||
| Q2 25 | -4.0% | 4.2% | ||
| Q1 25 | 9.6% | -8.6% | ||
| Q4 24 | 5.6% | -11.8% | ||
| Q3 24 | 7.9% | -4.6% | ||
| Q2 24 | -1.3% | -1.4% | ||
| Q1 24 | 11.9% | -34.1% |
| Q4 25 | 3.2% | 5.5% | ||
| Q3 25 | 2.7% | 6.3% | ||
| Q2 25 | 1.9% | 6.5% | ||
| Q1 25 | 3.0% | 6.3% | ||
| Q4 24 | 1.6% | 8.0% | ||
| Q3 24 | 2.1% | 5.9% | ||
| Q2 24 | 2.1% | 9.1% | ||
| Q1 24 | 2.3% | 18.6% |
| Q4 25 | 2.78× | 3.64× | ||
| Q3 25 | 0.96× | 2.66× | ||
| Q2 25 | -0.59× | 10.78× | ||
| Q1 25 | 8.79× | -1.35× | ||
| Q4 24 | 1.95× | -0.95× | ||
| Q3 24 | 5.10× | 0.39× | ||
| Q2 24 | 0.33× | — | ||
| Q1 24 | — | -10.01× |
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% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
