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Side-by-side financial comparison of NCR Atleos Corp (NATL) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
NCR Atleos Corp is the larger business by last-quarter revenue ($1.2B vs $766.5M, roughly 1.5× SCANSOURCE, INC.). NCR Atleos Corp runs the higher net margin — 7.2% vs 2.2%, a 5.1% gap on every dollar of revenue. On growth, NCR Atleos Corp posted the faster year-over-year revenue change (4.0% vs 2.5%). NCR Atleos Corp produced more free cash flow last quarter ($194.0M vs $28.9M). Over the past eight quarters, NCR Atleos Corp's revenue compounded faster (4.9% CAGR vs 0.9%).
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.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
NATL vs SCSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $766.5M |
| Net Profit | $83.0M | $16.5M |
| Gross Margin | — | 13.4% |
| Operating Margin | 13.5% | 2.3% |
| Net Margin | 7.2% | 2.2% |
| Revenue YoY | 4.0% | 2.5% |
| Net Profit YoY | 102.4% | -3.3% |
| EPS (diluted) | $1.09 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $1.1B | $739.6M | ||
| Q2 25 | $1.1B | $812.9M | ||
| Q1 25 | $979.0M | $704.8M | ||
| Q4 24 | $1.1B | $747.5M | ||
| Q3 24 | $1.1B | $775.6M | ||
| Q2 24 | $1.1B | $746.1M | ||
| Q1 24 | $1.0B | $752.6M |
| Q4 25 | $83.0M | $16.5M | ||
| Q3 25 | $26.0M | $19.9M | ||
| Q2 25 | $39.0M | $20.1M | ||
| Q1 25 | $14.0M | $17.4M | ||
| Q4 24 | $41.0M | $17.1M | ||
| Q3 24 | $21.0M | $17.0M | ||
| Q2 24 | $27.0M | $16.1M | ||
| Q1 24 | $-9.0M | $12.8M |
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 12.6% |
| Q4 25 | 13.5% | 2.3% | ||
| Q3 25 | 9.8% | 3.5% | ||
| Q2 25 | 10.8% | 3.3% | ||
| Q1 25 | 9.5% | 3.2% | ||
| Q4 24 | 13.4% | 2.5% | ||
| Q3 24 | 10.6% | 2.3% | ||
| Q2 24 | 9.8% | 2.9% | ||
| Q1 24 | 6.5% | 2.3% |
| Q4 25 | 7.2% | 2.2% | ||
| Q3 25 | 2.3% | 2.7% | ||
| Q2 25 | 3.5% | 2.5% | ||
| Q1 25 | 1.4% | 2.5% | ||
| Q4 24 | 3.7% | 2.3% | ||
| Q3 24 | 2.0% | 2.2% | ||
| Q2 24 | 2.5% | 2.2% | ||
| Q1 24 | -0.9% | 1.7% |
| Q4 25 | $1.09 | $0.75 | ||
| Q3 25 | $0.34 | $0.89 | ||
| Q2 25 | $0.52 | $0.87 | ||
| Q1 25 | $0.19 | $0.74 | ||
| Q4 24 | $0.56 | $0.70 | ||
| Q3 24 | $0.28 | $0.69 | ||
| Q2 24 | $0.37 | $0.66 | ||
| Q1 24 | $-0.13 | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $403.0M | $910.9M |
| Total Assets | $5.7B | $1.7B |
| Debt / EquityLower = less leverage | 6.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $456.0M | $83.5M | ||
| Q3 25 | $412.0M | $124.9M | ||
| Q2 25 | $357.0M | $126.2M | ||
| Q1 25 | $352.0M | $146.3M | ||
| Q4 24 | $419.0M | $110.5M | ||
| Q3 24 | $395.0M | $145.0M | ||
| Q2 24 | $374.0M | $185.5M | ||
| Q1 24 | $343.0M | $159.1M |
| 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 | $910.9M | ||
| Q3 25 | $330.0M | $914.0M | ||
| Q2 25 | $350.0M | $906.4M | ||
| Q1 25 | $275.0M | $901.7M | ||
| Q4 24 | $219.0M | $900.7M | ||
| Q3 24 | $264.0M | $920.9M | ||
| Q2 24 | $250.0M | $924.3M | ||
| Q1 24 | $283.0M | $944.1M |
| Q4 25 | $5.7B | $1.7B | ||
| Q3 25 | $5.7B | $1.7B | ||
| Q2 25 | $5.8B | $1.8B | ||
| Q1 25 | $5.7B | $1.7B | ||
| Q4 24 | $5.5B | $1.7B | ||
| Q3 24 | $5.7B | $1.8B | ||
| Q2 24 | $5.8B | $1.8B | ||
| Q1 24 | $5.8B | $1.8B |
| 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 | $30.8M |
| Free Cash FlowOCF − Capex | $194.0M | $28.9M |
| FCF MarginFCF / Revenue | 16.8% | 3.8% |
| Capex IntensityCapex / Revenue | 3.2% | 0.3% |
| Cash ConversionOCF / Net Profit | 2.78× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $239.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $231.0M | $30.8M | ||
| Q3 25 | $25.0M | $23.2M | ||
| Q2 25 | $-23.0M | — | ||
| Q1 25 | $123.0M | $66.1M | ||
| Q4 24 | $80.0M | $-6.2M | ||
| Q3 24 | $107.0M | $44.8M | ||
| Q2 24 | $9.0M | — | ||
| Q1 24 | $148.0M | $160.2M |
| Q4 25 | $194.0M | $28.9M | ||
| Q3 25 | $-5.0M | $20.8M | ||
| Q2 25 | $-44.0M | — | ||
| Q1 25 | $94.0M | $64.6M | ||
| Q4 24 | $62.0M | $-8.2M | ||
| Q3 24 | $85.0M | $42.5M | ||
| Q2 24 | $-14.0M | — | ||
| Q1 24 | $124.0M | $157.7M |
| Q4 25 | 16.8% | 3.8% | ||
| Q3 25 | -0.4% | 2.8% | ||
| Q2 25 | -4.0% | — | ||
| Q1 25 | 9.6% | 9.2% | ||
| Q4 24 | 5.6% | -1.1% | ||
| Q3 24 | 7.9% | 5.5% | ||
| Q2 24 | -1.3% | — | ||
| Q1 24 | 11.9% | 21.0% |
| Q4 25 | 3.2% | 0.3% | ||
| Q3 25 | 2.7% | 0.3% | ||
| Q2 25 | 1.9% | 0.3% | ||
| Q1 25 | 3.0% | 0.2% | ||
| Q4 24 | 1.6% | 0.3% | ||
| Q3 24 | 2.1% | 0.3% | ||
| Q2 24 | 2.1% | 0.2% | ||
| Q1 24 | 2.3% | 0.3% |
| Q4 25 | 2.78× | 1.87× | ||
| Q3 25 | 0.96× | 1.17× | ||
| Q2 25 | -0.59× | — | ||
| Q1 25 | 8.79× | 3.79× | ||
| Q4 24 | 1.95× | -0.36× | ||
| Q3 24 | 5.10× | 2.64× | ||
| Q2 24 | 0.33× | — | ||
| Q1 24 | — | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
