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Side-by-side financial comparison of NCR Atleos Corp (NATL) and Trade Desk (The) (TTD). Click either name above to swap in a different company.
NCR Atleos Corp is the larger business by last-quarter revenue ($1.2B vs $846.8M, roughly 1.4× Trade Desk (The)). Trade Desk (The) runs the higher net margin — 22.1% vs 7.2%, a 14.9% gap on every dollar of revenue. On growth, Trade Desk (The) posted the faster year-over-year revenue change (14.3% vs 4.0%). Trade Desk (The) produced more free cash flow last quarter ($285.3M vs $194.0M). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (31.3% 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.
The Trade Desk, Inc. is an American multinational technology company that specializes in real-time programmatic marketing automation technologies, products, and services, designed to personalize digital content delivery to users.
NATL vs TTD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $846.8M |
| Net Profit | $83.0M | $186.9M |
| Gross Margin | — | 80.7% |
| Operating Margin | 13.5% | 30.3% |
| Net Margin | 7.2% | 22.1% |
| Revenue YoY | 4.0% | 14.3% |
| Net Profit YoY | 102.4% | 2.6% |
| EPS (diluted) | $1.09 | $0.39 |
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 | $846.8M | ||
| Q3 25 | $1.1B | $739.4M | ||
| Q2 25 | $1.1B | $694.0M | ||
| Q1 25 | $979.0M | $616.0M | ||
| Q4 24 | $1.1B | $741.0M | ||
| Q3 24 | $1.1B | $628.0M | ||
| Q2 24 | $1.1B | $584.5M | ||
| Q1 24 | $1.0B | $491.3M |
| Q4 25 | $83.0M | $186.9M | ||
| Q3 25 | $26.0M | $115.5M | ||
| Q2 25 | $39.0M | $90.1M | ||
| Q1 25 | $14.0M | $50.7M | ||
| Q4 24 | $41.0M | $182.2M | ||
| Q3 24 | $21.0M | $94.2M | ||
| Q2 24 | $27.0M | $85.0M | ||
| Q1 24 | $-9.0M | $31.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 78.1% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 76.8% | ||
| Q4 24 | — | 81.7% | ||
| Q3 24 | — | 80.5% | ||
| Q2 24 | — | 81.1% | ||
| Q1 24 | — | 78.9% |
| Q4 25 | 13.5% | 30.3% | ||
| Q3 25 | 9.8% | 21.8% | ||
| Q2 25 | 10.8% | 16.8% | ||
| Q1 25 | 9.5% | 8.8% | ||
| Q4 24 | 13.4% | 26.4% | ||
| Q3 24 | 10.6% | 17.3% | ||
| Q2 24 | 9.8% | 16.2% | ||
| Q1 24 | 6.5% | 5.8% |
| Q4 25 | 7.2% | 22.1% | ||
| Q3 25 | 2.3% | 15.6% | ||
| Q2 25 | 3.5% | 13.0% | ||
| Q1 25 | 1.4% | 8.2% | ||
| Q4 24 | 3.7% | 24.6% | ||
| Q3 24 | 2.0% | 15.0% | ||
| Q2 24 | 2.5% | 14.5% | ||
| Q1 24 | -0.9% | 6.4% |
| Q4 25 | $1.09 | $0.39 | ||
| Q3 25 | $0.34 | $0.23 | ||
| Q2 25 | $0.52 | $0.18 | ||
| Q1 25 | $0.19 | $0.10 | ||
| Q4 24 | $0.56 | $0.36 | ||
| Q3 24 | $0.28 | $0.19 | ||
| Q2 24 | $0.37 | $0.17 | ||
| Q1 24 | $-0.13 | $0.06 |
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 | $1.3B |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $403.0M | $2.5B |
| Total Assets | $5.7B | $6.2B |
| Debt / EquityLower = less leverage | 6.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $456.0M | $1.3B | ||
| Q3 25 | $412.0M | $1.4B | ||
| Q2 25 | $357.0M | $1.7B | ||
| Q1 25 | $352.0M | $1.7B | ||
| Q4 24 | $419.0M | $1.9B | ||
| Q3 24 | $395.0M | $1.7B | ||
| Q2 24 | $374.0M | $1.5B | ||
| Q1 24 | $343.0M | $1.4B |
| 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 | $2.6B | ||
| Q2 25 | $350.0M | $2.7B | ||
| Q1 25 | $275.0M | $2.7B | ||
| Q4 24 | $219.0M | $2.9B | ||
| Q3 24 | $264.0M | $2.6B | ||
| Q2 24 | $250.0M | $2.4B | ||
| Q1 24 | $283.0M | $2.2B |
| Q4 25 | $5.7B | $6.2B | ||
| Q3 25 | $5.7B | $5.9B | ||
| Q2 25 | $5.8B | $6.0B | ||
| Q1 25 | $5.7B | $5.7B | ||
| Q4 24 | $5.5B | $6.1B | ||
| Q3 24 | $5.7B | $5.5B | ||
| Q2 24 | $5.8B | $5.2B | ||
| Q1 24 | $5.8B | $4.7B |
| 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 | $311.6M |
| Free Cash FlowOCF − Capex | $194.0M | $285.3M |
| FCF MarginFCF / Revenue | 16.8% | 33.7% |
| Capex IntensityCapex / Revenue | 3.2% | 3.1% |
| Cash ConversionOCF / Net Profit | 2.78× | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | $239.0M | $795.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $231.0M | $311.6M | ||
| Q3 25 | $25.0M | $224.7M | ||
| Q2 25 | $-23.0M | $165.0M | ||
| Q1 25 | $123.0M | $291.4M | ||
| Q4 24 | $80.0M | $199.4M | ||
| Q3 24 | $107.0M | $273.3M | ||
| Q2 24 | $9.0M | $81.3M | ||
| Q1 24 | $148.0M | $185.5M |
| Q4 25 | $194.0M | $285.3M | ||
| Q3 25 | $-5.0M | $158.3M | ||
| Q2 25 | $-44.0M | $119.8M | ||
| Q1 25 | $94.0M | $232.3M | ||
| Q4 24 | $62.0M | $179.2M | ||
| Q3 24 | $85.0M | $224.6M | ||
| Q2 24 | $-14.0M | $59.1M | ||
| Q1 24 | $124.0M | $178.2M |
| Q4 25 | 16.8% | 33.7% | ||
| Q3 25 | -0.4% | 21.4% | ||
| Q2 25 | -4.0% | 17.3% | ||
| Q1 25 | 9.6% | 37.7% | ||
| Q4 24 | 5.6% | 24.2% | ||
| Q3 24 | 7.9% | 35.8% | ||
| Q2 24 | -1.3% | 10.1% | ||
| Q1 24 | 11.9% | 36.3% |
| Q4 25 | 3.2% | 3.1% | ||
| Q3 25 | 2.7% | 9.0% | ||
| Q2 25 | 1.9% | 6.5% | ||
| Q1 25 | 3.0% | 9.6% | ||
| Q4 24 | 1.6% | 2.7% | ||
| Q3 24 | 2.1% | 7.8% | ||
| Q2 24 | 2.1% | 3.8% | ||
| Q1 24 | 2.3% | 1.5% |
| Q4 25 | 2.78× | 1.67× | ||
| Q3 25 | 0.96× | 1.94× | ||
| Q2 25 | -0.59× | 1.83× | ||
| Q1 25 | 8.79× | 5.75× | ||
| Q4 24 | 1.95× | 1.09× | ||
| Q3 24 | 5.10× | 2.90× | ||
| Q2 24 | 0.33× | 0.96× | ||
| Q1 24 | — | 5.86× |
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% |
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
