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Side-by-side financial comparison of NCR Atleos Corp (NATL) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP 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 3.1%, a 4.1% gap on every dollar of revenue. On growth, NCR Atleos Corp posted the faster year-over-year revenue change (4.0% vs 2.6%). SEALED AIR CORP produced more free cash flow last quarter ($257.7M vs $194.0M). Over the past eight quarters, NCR Atleos Corp's revenue compounded faster (4.9% CAGR vs 2.7%).
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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
NATL vs SEE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.4B |
| Net Profit | $83.0M | $43.8M |
| Gross Margin | — | 28.6% |
| Operating Margin | 13.5% | 11.4% |
| Net Margin | 7.2% | 3.1% |
| Revenue YoY | 4.0% | 2.6% |
| Net Profit YoY | 102.4% | 700.0% |
| EPS (diluted) | $1.09 | $0.30 |
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 | $1.4B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.1B | $1.3B | ||
| Q1 24 | $1.0B | $1.3B |
| Q4 25 | $83.0M | $43.8M | ||
| Q3 25 | $26.0M | $255.1M | ||
| Q2 25 | $39.0M | $93.1M | ||
| Q1 25 | $14.0M | $113.5M | ||
| Q4 24 | $41.0M | $-7.3M | ||
| Q3 24 | $21.0M | $91.7M | ||
| Q2 24 | $27.0M | $98.3M | ||
| Q1 24 | $-9.0M | $82.0M |
| Q4 25 | — | 28.6% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 30.7% | ||
| Q1 25 | — | 30.9% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 30.1% | ||
| Q2 24 | — | 31.2% | ||
| Q1 24 | — | 30.3% |
| Q4 25 | 13.5% | 11.4% | ||
| Q3 25 | 9.8% | 13.8% | ||
| Q2 25 | 10.8% | 15.0% | ||
| Q1 25 | 9.5% | 14.5% | ||
| Q4 24 | 13.4% | 11.7% | ||
| Q3 24 | 10.6% | 13.9% | ||
| Q2 24 | 9.8% | 15.4% | ||
| Q1 24 | 6.5% | 14.0% |
| Q4 25 | 7.2% | 3.1% | ||
| Q3 25 | 2.3% | 19.0% | ||
| Q2 25 | 3.5% | 7.0% | ||
| Q1 25 | 1.4% | 9.0% | ||
| Q4 24 | 3.7% | -0.5% | ||
| Q3 24 | 2.0% | 6.9% | ||
| Q2 24 | 2.5% | 7.4% | ||
| Q1 24 | -0.9% | 6.2% |
| Q4 25 | $1.09 | $0.30 | ||
| Q3 25 | $0.34 | $1.73 | ||
| Q2 25 | $0.52 | $0.63 | ||
| Q1 25 | $0.19 | $0.77 | ||
| Q4 24 | $0.56 | $-0.05 | ||
| Q3 24 | $0.28 | $0.63 | ||
| Q2 24 | $0.37 | $0.67 | ||
| Q1 24 | $-0.13 | $0.56 |
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 | $344.0M |
| Total DebtLower is stronger | $2.7B | $3.3B |
| Stockholders' EquityBook value | $403.0M | $1.2B |
| Total Assets | $5.7B | $7.0B |
| Debt / EquityLower = less leverage | 6.63× | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $456.0M | $344.0M | ||
| Q3 25 | $412.0M | $282.5M | ||
| Q2 25 | $357.0M | $354.4M | ||
| Q1 25 | $352.0M | $335.2M | ||
| Q4 24 | $419.0M | $371.8M | ||
| Q3 24 | $395.0M | $386.0M | ||
| Q2 24 | $374.0M | $388.6M | ||
| Q1 24 | $343.0M | $352.8M |
| Q4 25 | $2.7B | $3.3B | ||
| Q3 25 | $2.8B | $4.0B | ||
| Q2 25 | $2.8B | $4.0B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | $2.9B | $4.2B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $403.0M | $1.2B | ||
| Q3 25 | $330.0M | $1.2B | ||
| Q2 25 | $350.0M | $953.1M | ||
| Q1 25 | $275.0M | $797.9M | ||
| Q4 24 | $219.0M | $624.5M | ||
| Q3 24 | $264.0M | $771.2M | ||
| Q2 24 | $250.0M | $650.1M | ||
| Q1 24 | $283.0M | $598.3M |
| Q4 25 | $5.7B | $7.0B | ||
| Q3 25 | $5.7B | $7.1B | ||
| Q2 25 | $5.8B | $7.2B | ||
| Q1 25 | $5.7B | $7.0B | ||
| Q4 24 | $5.5B | $7.0B | ||
| Q3 24 | $5.7B | $7.3B | ||
| Q2 24 | $5.8B | $7.3B | ||
| Q1 24 | $5.8B | $7.2B |
| Q4 25 | 6.63× | 2.65× | ||
| Q3 25 | 8.45× | 3.34× | ||
| Q2 25 | 8.05× | 4.18× | ||
| Q1 25 | — | 5.26× | ||
| Q4 24 | 13.05× | 6.72× | ||
| Q3 24 | — | 5.62× | ||
| Q2 24 | — | 6.81× | ||
| Q1 24 | — | 7.49× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | $194.0M | $257.7M |
| FCF MarginFCF / Revenue | 16.8% | 18.5% |
| Capex IntensityCapex / Revenue | 3.2% | 2.6% |
| Cash ConversionOCF / Net Profit | 2.78× | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $239.0M | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $231.0M | $293.6M | ||
| Q3 25 | $25.0M | $165.9M | ||
| Q2 25 | $-23.0M | $136.6M | ||
| Q1 25 | $123.0M | $31.9M | ||
| Q4 24 | $80.0M | $244.2M | ||
| Q3 24 | $107.0M | $170.5M | ||
| Q2 24 | $9.0M | $188.2M | ||
| Q1 24 | $148.0M | $125.1M |
| Q4 25 | $194.0M | $257.7M | ||
| Q3 25 | $-5.0M | $119.6M | ||
| Q2 25 | $-44.0M | $93.2M | ||
| Q1 25 | $94.0M | $-12.0M | ||
| Q4 24 | $62.0M | $185.1M | ||
| Q3 24 | $85.0M | $115.2M | ||
| Q2 24 | $-14.0M | $129.5M | ||
| Q1 24 | $124.0M | $78.0M |
| Q4 25 | 16.8% | 18.5% | ||
| Q3 25 | -0.4% | 8.9% | ||
| Q2 25 | -4.0% | 7.0% | ||
| Q1 25 | 9.6% | -0.9% | ||
| Q4 24 | 5.6% | 13.6% | ||
| Q3 24 | 7.9% | 8.6% | ||
| Q2 24 | -1.3% | 9.7% | ||
| Q1 24 | 11.9% | 5.9% |
| Q4 25 | 3.2% | 2.6% | ||
| Q3 25 | 2.7% | 3.4% | ||
| Q2 25 | 1.9% | 3.3% | ||
| Q1 25 | 3.0% | 3.5% | ||
| Q4 24 | 1.6% | 4.4% | ||
| Q3 24 | 2.1% | 4.1% | ||
| Q2 24 | 2.1% | 4.4% | ||
| Q1 24 | 2.3% | 3.6% |
| Q4 25 | 2.78× | 6.70× | ||
| Q3 25 | 0.96× | 0.65× | ||
| Q2 25 | -0.59× | 1.47× | ||
| Q1 25 | 8.79× | 0.28× | ||
| Q4 24 | 1.95× | — | ||
| Q3 24 | 5.10× | 1.86× | ||
| Q2 24 | 0.33× | 1.91× | ||
| Q1 24 | — | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
