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Side-by-side financial comparison of NCR Atleos Corp (NATL) and StoneX Group Inc. (SNEX). Click either name above to swap in a different company.
StoneX Group Inc. is the larger business by last-quarter revenue ($1.2B vs $1.2B, roughly 1.0× NCR Atleos Corp). StoneX Group Inc. runs the higher net margin — 11.6% vs 7.2%, a 4.4% gap on every dollar of revenue. On growth, StoneX Group Inc. posted the faster year-over-year revenue change (81.0% vs 4.0%). NCR Atleos Corp produced more free cash flow last quarter ($194.0M vs $-1.3B). Over the past eight quarters, StoneX Group Inc.'s revenue compounded faster (53.5% 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.
StoneX Group Inc. is an American financial services company. The company operates in six areas: commercial hedging, global payments, securities, physical commodities, foreign exchange and clearing and execution services (CES).
NATL vs SNEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.2B |
| Net Profit | $83.0M | $139.0M |
| Gross Margin | — | — |
| Operating Margin | 13.5% | 15.4% |
| Net Margin | 7.2% | 11.6% |
| Revenue YoY | 4.0% | 81.0% |
| Net Profit YoY | 102.4% | 63.3% |
| EPS (diluted) | $1.09 | $2.50 |
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 | $32.7B | ||
| Q2 25 | $1.1B | $851.2M | ||
| Q1 25 | $979.0M | $820.4M | ||
| Q4 24 | $1.1B | $663.1M | ||
| Q3 24 | $1.1B | $31.1B | ||
| Q2 24 | $1.1B | $571.8M | ||
| Q1 24 | $1.0B | $509.2M |
| Q4 25 | $83.0M | $139.0M | ||
| Q3 25 | $26.0M | $85.7M | ||
| Q2 25 | $39.0M | $63.4M | ||
| Q1 25 | $14.0M | $71.7M | ||
| Q4 24 | $41.0M | $85.1M | ||
| Q3 24 | $21.0M | $76.7M | ||
| Q2 24 | $27.0M | $61.9M | ||
| Q1 24 | $-9.0M | $53.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 13.5% | 15.4% | ||
| Q3 25 | 9.8% | 0.3% | ||
| Q2 25 | 10.8% | -1.3% | ||
| Q1 25 | 9.5% | -1.0% | ||
| Q4 24 | 13.4% | -3.2% | ||
| Q3 24 | 10.6% | -0.0% | ||
| Q2 24 | 9.8% | -4.7% | ||
| Q1 24 | 6.5% | -2.5% |
| Q4 25 | 7.2% | 11.6% | ||
| Q3 25 | 2.3% | 0.3% | ||
| Q2 25 | 3.5% | 7.4% | ||
| Q1 25 | 1.4% | 8.7% | ||
| Q4 24 | 3.7% | 12.8% | ||
| Q3 24 | 2.0% | 0.2% | ||
| Q2 24 | 2.5% | 10.8% | ||
| Q1 24 | -0.9% | 10.4% |
| Q4 25 | $1.09 | $2.50 | ||
| Q3 25 | $0.34 | $0.72 | ||
| Q2 25 | $0.52 | $1.22 | ||
| Q1 25 | $0.19 | $1.41 | ||
| Q4 24 | $0.56 | $1.69 | ||
| Q3 24 | $0.28 | $2.32 | ||
| Q2 24 | $0.37 | $1.25 | ||
| Q1 24 | $-0.13 | $1.09 |
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 | $1.6B |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $403.0M | $2.5B |
| Total Assets | $5.7B | $47.8B |
| Debt / EquityLower = less leverage | 6.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $456.0M | $1.6B | ||
| Q3 25 | $412.0M | $1.6B | ||
| Q2 25 | $357.0M | $1.3B | ||
| Q1 25 | $352.0M | $1.3B | ||
| Q4 24 | $419.0M | $1.4B | ||
| Q3 24 | $395.0M | $1.3B | ||
| Q2 24 | $374.0M | $1.2B | ||
| Q1 24 | $343.0M | $1.3B |
| 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 | $2.5B | ||
| Q3 25 | $330.0M | $2.4B | ||
| Q2 25 | $350.0M | $2.0B | ||
| Q1 25 | $275.0M | $1.9B | ||
| Q4 24 | $219.0M | $1.8B | ||
| Q3 24 | $264.0M | $1.7B | ||
| Q2 24 | $250.0M | $1.6B | ||
| Q1 24 | $283.0M | $1.5B |
| Q4 25 | $5.7B | $47.8B | ||
| Q3 25 | $5.7B | $45.3B | ||
| Q2 25 | $5.8B | $34.3B | ||
| Q1 25 | $5.7B | $31.3B | ||
| Q4 24 | $5.5B | $29.6B | ||
| Q3 24 | $5.7B | $27.5B | ||
| Q2 24 | $5.8B | $25.9B | ||
| Q1 24 | $5.8B | $25.7B |
| 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 | $-1.3B |
| Free Cash FlowOCF − Capex | $194.0M | $-1.3B |
| FCF MarginFCF / Revenue | 16.8% | -106.4% |
| Capex IntensityCapex / Revenue | 3.2% | 1.3% |
| Cash ConversionOCF / Net Profit | 2.78× | -9.08× |
| TTM Free Cash FlowTrailing 4 quarters | $239.0M | $3.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $231.0M | $-1.3B | ||
| Q3 25 | $25.0M | $3.5B | ||
| Q2 25 | $-23.0M | $1.5B | ||
| Q1 25 | $123.0M | $-154.5M | ||
| Q4 24 | $80.0M | $-477.8M | ||
| Q3 24 | $107.0M | $192.6M | ||
| Q2 24 | $9.0M | $-622.1M | ||
| Q1 24 | $148.0M | $784.0M |
| Q4 25 | $194.0M | $-1.3B | ||
| Q3 25 | $-5.0M | $3.5B | ||
| Q2 25 | $-44.0M | $1.5B | ||
| Q1 25 | $94.0M | $-169.8M | ||
| Q4 24 | $62.0M | $-491.4M | ||
| Q3 24 | $85.0M | $175.9M | ||
| Q2 24 | $-14.0M | $-640.5M | ||
| Q1 24 | $124.0M | $766.6M |
| Q4 25 | 16.8% | -106.4% | ||
| Q3 25 | -0.4% | 10.7% | ||
| Q2 25 | -4.0% | 173.3% | ||
| Q1 25 | 9.6% | -20.7% | ||
| Q4 24 | 5.6% | -74.1% | ||
| Q3 24 | 7.9% | 0.6% | ||
| Q2 24 | -1.3% | -112.0% | ||
| Q1 24 | 11.9% | 150.5% |
| Q4 25 | 3.2% | 1.3% | ||
| Q3 25 | 2.7% | 0.1% | ||
| Q2 25 | 1.9% | 1.9% | ||
| Q1 25 | 3.0% | 1.9% | ||
| Q4 24 | 1.6% | 2.1% | ||
| Q3 24 | 2.1% | 0.1% | ||
| Q2 24 | 2.1% | 3.2% | ||
| Q1 24 | 2.3% | 3.4% |
| Q4 25 | 2.78× | -9.08× | ||
| Q3 25 | 0.96× | 41.18× | ||
| Q2 25 | -0.59× | 23.52× | ||
| Q1 25 | 8.79× | -2.15× | ||
| Q4 24 | 1.95× | -5.61× | ||
| Q3 24 | 5.10× | 2.51× | ||
| Q2 24 | 0.33× | -10.05× | ||
| Q1 24 | — | 14.76× |
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% |
SNEX
Segment breakdown not available.
