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Side-by-side financial comparison of NCR Atleos Corp (NATL) and SELECT MEDICAL HOLDINGS CORP (SEM). Click either name above to swap in a different company.
SELECT MEDICAL HOLDINGS 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 4.5%, a 2.7% gap on every dollar of revenue. On growth, SELECT MEDICAL HOLDINGS CORP posted the faster year-over-year revenue change (5.0% vs 4.0%). Over the past eight quarters, SELECT MEDICAL HOLDINGS CORP's revenue compounded faster (5.3% 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.
Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.
NATL vs SEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.4B |
| Net Profit | $83.0M | $63.8M |
| Gross Margin | — | — |
| Operating Margin | 13.5% | 6.9% |
| Net Margin | 7.2% | 4.5% |
| Revenue YoY | 4.0% | 5.0% |
| Net Profit YoY | 102.4% | -14.7% |
| EPS (diluted) | $1.09 | $0.35 |
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.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $979.0M | $1.4B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.1B | $1.3B |
| Q1 26 | — | $63.8M | ||
| Q4 25 | $83.0M | $20.2M | ||
| Q3 25 | $26.0M | $28.8M | ||
| Q2 25 | $39.0M | $40.6M | ||
| Q1 25 | $14.0M | $56.7M | ||
| Q4 24 | $41.0M | $-16.1M | ||
| Q3 24 | $21.0M | $55.6M | ||
| Q2 24 | $27.0M | $77.6M |
| Q1 26 | — | 6.9% | ||
| Q4 25 | 13.5% | 4.6% | ||
| Q3 25 | 9.8% | 5.4% | ||
| Q2 25 | 10.8% | 6.5% | ||
| Q1 25 | 9.5% | 8.3% | ||
| Q4 24 | 13.4% | 1.6% | ||
| Q3 24 | 10.6% | 4.3% | ||
| Q2 24 | 9.8% | 5.8% |
| Q1 26 | — | 4.5% | ||
| Q4 25 | 7.2% | 1.4% | ||
| Q3 25 | 2.3% | 2.1% | ||
| Q2 25 | 3.5% | 3.0% | ||
| Q1 25 | 1.4% | 4.2% | ||
| Q4 24 | 3.7% | -1.2% | ||
| Q3 24 | 2.0% | 4.4% | ||
| Q2 24 | 2.5% | 6.1% |
| Q1 26 | — | $0.35 | ||
| Q4 25 | $1.09 | $0.17 | ||
| Q3 25 | $0.34 | $0.23 | ||
| Q2 25 | $0.52 | $0.32 | ||
| Q1 25 | $0.19 | $0.44 | ||
| Q4 24 | $0.56 | $-0.12 | ||
| Q3 24 | $0.28 | $0.43 | ||
| Q2 24 | $0.37 | $0.60 |
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 | $25.7M |
| Total DebtLower is stronger | $2.7B | $1.8B |
| Stockholders' EquityBook value | $403.0M | $2.1B |
| Total Assets | $5.7B | $6.0B |
| Debt / EquityLower = less leverage | 6.63× | 0.88× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $25.7M | ||
| Q4 25 | $456.0M | $26.5M | ||
| Q3 25 | $412.0M | $60.1M | ||
| Q2 25 | $357.0M | $52.3M | ||
| Q1 25 | $352.0M | $53.2M | ||
| Q4 24 | $419.0M | $59.7M | ||
| Q3 24 | $395.0M | $191.5M | ||
| Q2 24 | $374.0M | $111.2M |
| Q1 26 | — | $1.8B | ||
| Q4 25 | $2.7B | $1.8B | ||
| Q3 25 | $2.8B | $1.7B | ||
| Q2 25 | $2.8B | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $2.9B | $1.7B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.6B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $403.0M | $1.7B | ||
| Q3 25 | $330.0M | $1.7B | ||
| Q2 25 | $350.0M | $1.7B | ||
| Q1 25 | $275.0M | $1.7B | ||
| Q4 24 | $219.0M | $1.7B | ||
| Q3 24 | $264.0M | $1.9B | ||
| Q2 24 | $250.0M | $1.4B |
| Q1 26 | — | $6.0B | ||
| Q4 25 | $5.7B | $5.9B | ||
| Q3 25 | $5.7B | $5.7B | ||
| Q2 25 | $5.8B | $5.7B | ||
| Q1 25 | $5.7B | $5.7B | ||
| Q4 24 | $5.5B | $5.6B | ||
| Q3 24 | $5.7B | $8.0B | ||
| Q2 24 | $5.8B | $7.9B |
| Q1 26 | — | 0.88× | ||
| Q4 25 | 6.63× | 1.06× | ||
| Q3 25 | 8.45× | 1.03× | ||
| Q2 25 | 8.05× | 1.10× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | 13.05× | 1.01× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 2.54× |
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 | — |
| Free Cash FlowOCF − Capex | $194.0M | — |
| FCF MarginFCF / Revenue | 16.8% | — |
| Capex IntensityCapex / Revenue | 3.2% | — |
| Cash ConversionOCF / Net Profit | 2.78× | — |
| TTM Free Cash FlowTrailing 4 quarters | $239.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $231.0M | $64.3M | ||
| Q3 25 | $25.0M | $175.3M | ||
| Q2 25 | $-23.0M | $110.3M | ||
| Q1 25 | $123.0M | $-3.5M | ||
| Q4 24 | $80.0M | $125.4M | ||
| Q3 24 | $107.0M | $181.0M | ||
| Q2 24 | $9.0M | $278.2M |
| Q1 26 | — | — | ||
| Q4 25 | $194.0M | $5.2M | ||
| Q3 25 | $-5.0M | $122.2M | ||
| Q2 25 | $-44.0M | $45.6M | ||
| Q1 25 | $94.0M | $-55.8M | ||
| Q4 24 | $62.0M | $62.0M | ||
| Q3 24 | $85.0M | $130.3M | ||
| Q2 24 | $-14.0M | $222.6M |
| Q1 26 | — | — | ||
| Q4 25 | 16.8% | 0.4% | ||
| Q3 25 | -0.4% | 9.0% | ||
| Q2 25 | -4.0% | 3.4% | ||
| Q1 25 | 9.6% | -4.1% | ||
| Q4 24 | 5.6% | 4.7% | ||
| Q3 24 | 7.9% | 10.2% | ||
| Q2 24 | -1.3% | 17.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.2% | 4.2% | ||
| Q3 25 | 2.7% | 3.9% | ||
| Q2 25 | 1.9% | 4.8% | ||
| Q1 25 | 3.0% | 3.9% | ||
| Q4 24 | 1.6% | 4.8% | ||
| Q3 24 | 2.1% | 4.0% | ||
| Q2 24 | 2.1% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.78× | 3.19× | ||
| Q3 25 | 0.96× | 6.09× | ||
| Q2 25 | -0.59× | 2.72× | ||
| Q1 25 | 8.79× | -0.06× | ||
| Q4 24 | 1.95× | — | ||
| Q3 24 | 5.10× | 3.25× | ||
| Q2 24 | 0.33× | 3.59× |
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% |
SEM
Segment breakdown not available.
