vs
Side-by-side financial comparison of NCR Atleos Corp (NATL) and Teradyne (TER). Click either name above to swap in a different company.
Teradyne is the larger business by last-quarter revenue ($1.3B vs $1.2B, roughly 1.1× NCR Atleos Corp). Teradyne runs the higher net margin — 31.1% vs 7.2%, a 23.9% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (87.0% vs 4.0%). Over the past eight quarters, Teradyne's revenue compounded faster (32.6% 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.
Teradyne, Inc. is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Its high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM.
NATL vs TER — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.3B |
| Net Profit | $83.0M | $398.9M |
| Gross Margin | — | 60.9% |
| Operating Margin | 13.5% | 36.9% |
| Net Margin | 7.2% | 31.1% |
| Revenue YoY | 4.0% | 87.0% |
| Net Profit YoY | 102.4% | — |
| EPS (diluted) | $1.09 | $2.53 |
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 | — | $1.3B | ||
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.1B | $769.2M | ||
| Q2 25 | $1.1B | $651.8M | ||
| Q1 25 | $979.0M | $685.7M | ||
| Q4 24 | $1.1B | $752.9M | ||
| Q3 24 | $1.1B | $737.3M | ||
| Q2 24 | $1.1B | $729.9M |
| Q1 26 | — | $398.9M | ||
| Q4 25 | $83.0M | $257.2M | ||
| Q3 25 | $26.0M | $119.6M | ||
| Q2 25 | $39.0M | $78.4M | ||
| Q1 25 | $14.0M | $98.9M | ||
| Q4 24 | $41.0M | $146.3M | ||
| Q3 24 | $21.0M | $145.6M | ||
| Q2 24 | $27.0M | $186.3M |
| Q1 26 | — | 60.9% | ||
| Q4 25 | — | 57.2% | ||
| Q3 25 | — | 58.4% | ||
| Q2 25 | — | 57.2% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 59.4% | ||
| Q3 24 | — | 59.2% | ||
| Q2 24 | — | 58.3% |
| Q1 26 | — | 36.9% | ||
| Q4 25 | 13.5% | 27.1% | ||
| Q3 25 | 9.8% | 18.9% | ||
| Q2 25 | 10.8% | 13.9% | ||
| Q1 25 | 9.5% | 17.6% | ||
| Q4 24 | 13.4% | 20.4% | ||
| Q3 24 | 10.6% | 20.6% | ||
| Q2 24 | 9.8% | 28.8% |
| Q1 26 | — | 31.1% | ||
| Q4 25 | 7.2% | 23.7% | ||
| Q3 25 | 2.3% | 15.5% | ||
| Q2 25 | 3.5% | 12.0% | ||
| Q1 25 | 1.4% | 14.4% | ||
| Q4 24 | 3.7% | 19.4% | ||
| Q3 24 | 2.0% | 19.8% | ||
| Q2 24 | 2.5% | 25.5% |
| Q1 26 | — | $2.53 | ||
| Q4 25 | $1.09 | $1.62 | ||
| Q3 25 | $0.34 | $0.75 | ||
| Q2 25 | $0.52 | $0.49 | ||
| Q1 25 | $0.19 | $0.61 | ||
| Q4 24 | $0.56 | $0.89 | ||
| Q3 24 | $0.28 | $0.89 | ||
| Q2 24 | $0.37 | $1.14 |
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 | $241.9M |
| Total DebtLower is stronger | $2.7B | $0 |
| Stockholders' EquityBook value | $403.0M | — |
| Total Assets | $5.7B | $4.4B |
| Debt / EquityLower = less leverage | 6.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $241.9M | ||
| Q4 25 | $456.0M | $293.8M | ||
| Q3 25 | $412.0M | $272.7M | ||
| Q2 25 | $357.0M | $339.3M | ||
| Q1 25 | $352.0M | $475.6M | ||
| Q4 24 | $419.0M | $553.4M | ||
| Q3 24 | $395.0M | $510.0M | ||
| Q2 24 | $374.0M | $421.9M |
| Q1 26 | — | $0 | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $403.0M | $2.8B | ||
| Q3 25 | $330.0M | $2.7B | ||
| Q2 25 | $350.0M | $2.8B | ||
| Q1 25 | $275.0M | $2.8B | ||
| Q4 24 | $219.0M | $2.8B | ||
| Q3 24 | $264.0M | $2.9B | ||
| Q2 24 | $250.0M | $2.7B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $5.7B | $4.2B | ||
| Q3 25 | $5.7B | $4.0B | ||
| Q2 25 | $5.8B | $3.8B | ||
| Q1 25 | $5.7B | $3.7B | ||
| Q4 24 | $5.5B | $3.7B | ||
| Q3 24 | $5.7B | $3.8B | ||
| Q2 24 | $5.8B | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | 6.63× | — | ||
| Q3 25 | 8.45× | — | ||
| Q2 25 | 8.05× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.05× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $265.1M |
| Free Cash FlowOCF − Capex | $194.0M | — |
| FCF MarginFCF / Revenue | 16.8% | — |
| Capex IntensityCapex / Revenue | 3.2% | — |
| Cash ConversionOCF / Net Profit | 2.78× | 0.66× |
| TTM Free Cash FlowTrailing 4 quarters | $239.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $265.1M | ||
| Q4 25 | $231.0M | $281.6M | ||
| Q3 25 | $25.0M | $49.0M | ||
| Q2 25 | $-23.0M | $182.1M | ||
| Q1 25 | $123.0M | $161.6M | ||
| Q4 24 | $80.0M | $282.6M | ||
| Q3 24 | $107.0M | $166.3M | ||
| Q2 24 | $9.0M | $216.1M |
| Q1 26 | — | — | ||
| Q4 25 | $194.0M | $218.8M | ||
| Q3 25 | $-5.0M | $2.4M | ||
| Q2 25 | $-44.0M | $131.7M | ||
| Q1 25 | $94.0M | $97.6M | ||
| Q4 24 | $62.0M | $225.2M | ||
| Q3 24 | $85.0M | $114.4M | ||
| Q2 24 | $-14.0M | $171.2M |
| Q1 26 | — | — | ||
| Q4 25 | 16.8% | 20.2% | ||
| Q3 25 | -0.4% | 0.3% | ||
| Q2 25 | -4.0% | 20.2% | ||
| Q1 25 | 9.6% | 14.2% | ||
| Q4 24 | 5.6% | 29.9% | ||
| Q3 24 | 7.9% | 15.5% | ||
| Q2 24 | -1.3% | 23.5% |
| Q1 26 | — | — | ||
| Q4 25 | 3.2% | 5.8% | ||
| Q3 25 | 2.7% | 6.1% | ||
| Q2 25 | 1.9% | 7.7% | ||
| Q1 25 | 3.0% | 9.3% | ||
| Q4 24 | 1.6% | 7.6% | ||
| Q3 24 | 2.1% | 7.0% | ||
| Q2 24 | 2.1% | 6.1% |
| Q1 26 | — | 0.66× | ||
| Q4 25 | 2.78× | 1.09× | ||
| Q3 25 | 0.96× | 0.41× | ||
| Q2 25 | -0.59× | 2.32× | ||
| Q1 25 | 8.79× | 1.63× | ||
| Q4 24 | 1.95× | 1.93× | ||
| Q3 24 | 5.10× | 1.14× | ||
| Q2 24 | 0.33× | 1.16× |
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% |
TER
Segment breakdown not available.
