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Side-by-side financial comparison of NCR Atleos Corp (NATL) and NCR Voyix Corp (VYX). Click either name above to swap in a different company.
NCR Atleos Corp is the larger business by last-quarter revenue ($1.2B vs $720.0M, roughly 1.6× NCR Voyix Corp). NCR Voyix Corp runs the higher net margin — 13.6% vs 7.2%, a 6.4% gap on every dollar of revenue. On growth, NCR Voyix Corp posted the faster year-over-year revenue change (6.2% vs 4.0%). Over the past eight quarters, NCR Atleos Corp's revenue compounded faster (4.9% CAGR vs 0.7%).
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.
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.
NATL vs VYX — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $720.0M |
| Net Profit | $83.0M | $98.0M |
| Gross Margin | — | — |
| Operating Margin | 13.5% | 2.4% |
| Net Margin | 7.2% | 13.6% |
| Revenue YoY | 4.0% | 6.2% |
| Net Profit YoY | 102.4% | 990.9% |
| EPS (diluted) | $1.09 | $0.64 |
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 | $720.0M | ||
| Q3 25 | $1.1B | $684.0M | ||
| Q2 25 | $1.1B | $666.0M | ||
| Q1 25 | $979.0M | $617.0M | ||
| Q4 24 | $1.1B | $678.0M | ||
| Q3 24 | $1.1B | $708.0M | ||
| Q2 24 | $1.1B | $722.0M | ||
| Q1 24 | $1.0B | $710.0M |
| Q4 25 | $83.0M | $98.0M | ||
| Q3 25 | $26.0M | $-19.0M | ||
| Q2 25 | $39.0M | $0 | ||
| Q1 25 | $14.0M | $-17.0M | ||
| Q4 24 | $41.0M | $-11.0M | ||
| Q3 24 | $21.0M | $1.1B | ||
| Q2 24 | $27.0M | $-73.0M | ||
| Q1 24 | $-9.0M | $-40.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.4% | ||
| Q2 24 | — | 17.5% | ||
| Q1 24 | — | 19.4% |
| Q4 25 | 13.5% | 2.4% | ||
| Q3 25 | 9.8% | 2.2% | ||
| Q2 25 | 10.8% | 2.1% | ||
| Q1 25 | 9.5% | -3.2% | ||
| Q4 24 | 13.4% | -0.1% | ||
| Q3 24 | 10.6% | 2.3% | ||
| Q2 24 | 9.8% | -4.7% | ||
| Q1 24 | 6.5% | -2.7% |
| Q4 25 | 7.2% | 13.6% | ||
| Q3 25 | 2.3% | -2.8% | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | 1.4% | -2.8% | ||
| Q4 24 | 3.7% | -1.6% | ||
| Q3 24 | 2.0% | 152.8% | ||
| Q2 24 | 2.5% | -10.1% | ||
| Q1 24 | -0.9% | -5.6% |
| Q4 25 | $1.09 | $0.64 | ||
| Q3 25 | $0.34 | $-0.16 | ||
| Q2 25 | $0.52 | $-0.03 | ||
| Q1 25 | $0.19 | $-0.15 | ||
| Q4 24 | $0.56 | $-0.05 | ||
| Q3 24 | $0.28 | $7.41 | ||
| Q2 24 | $0.37 | $-0.53 | ||
| Q1 24 | $-0.13 | $-0.31 |
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 | $231.0M |
| Total DebtLower is stronger | $2.7B | $1.1B |
| Stockholders' EquityBook value | $403.0M | $948.0M |
| Total Assets | $5.7B | $3.9B |
| Debt / EquityLower = less leverage | 6.63× | 1.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $456.0M | $231.0M | ||
| Q3 25 | $412.0M | $282.0M | ||
| Q2 25 | $357.0M | $276.0M | ||
| Q1 25 | $352.0M | $573.0M | ||
| Q4 24 | $419.0M | $722.0M | ||
| Q3 24 | $395.0M | $792.0M | ||
| Q2 24 | $374.0M | $203.0M | ||
| Q1 24 | $343.0M | $241.0M |
| Q4 25 | $2.7B | $1.1B | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.9B | $1.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $403.0M | $948.0M | ||
| Q3 25 | $330.0M | $848.0M | ||
| Q2 25 | $350.0M | $867.0M | ||
| Q1 25 | $275.0M | $857.0M | ||
| Q4 24 | $219.0M | $933.0M | ||
| Q3 24 | $264.0M | $1.0B | ||
| Q2 24 | $250.0M | $-85.0M | ||
| Q1 24 | $283.0M | $-34.0M |
| Q4 25 | $5.7B | $3.9B | ||
| Q3 25 | $5.7B | $4.0B | ||
| Q2 25 | $5.8B | $4.0B | ||
| Q1 25 | $5.7B | $4.3B | ||
| Q4 24 | $5.5B | $4.5B | ||
| Q3 24 | $5.7B | $4.7B | ||
| Q2 24 | $5.8B | $4.8B | ||
| Q1 24 | $5.8B | $5.0B |
| Q4 25 | 6.63× | 1.17× | ||
| Q3 25 | 8.45× | — | ||
| Q2 25 | 8.05× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.05× | 1.18× | ||
| 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 | $60.0M |
| Free Cash FlowOCF − Capex | $194.0M | — |
| FCF MarginFCF / Revenue | 16.8% | — |
| Capex IntensityCapex / Revenue | 3.2% | — |
| Cash ConversionOCF / Net Profit | 2.78× | 0.61× |
| TTM Free Cash FlowTrailing 4 quarters | $239.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $231.0M | $60.0M | ||
| Q3 25 | $25.0M | $14.0M | ||
| Q2 25 | $-23.0M | $-242.0M | ||
| Q1 25 | $123.0M | $-42.0M | ||
| Q4 24 | $80.0M | $-170.0M | ||
| Q3 24 | $107.0M | $11.0M | ||
| Q2 24 | $9.0M | $62.0M | ||
| Q1 24 | $148.0M | $-35.0M |
| Q4 25 | $194.0M | — | ||
| Q3 25 | $-5.0M | $10.0M | ||
| Q2 25 | $-44.0M | $-249.0M | ||
| Q1 25 | $94.0M | $-50.0M | ||
| Q4 24 | $62.0M | $-177.0M | ||
| Q3 24 | $85.0M | $9.0M | ||
| Q2 24 | $-14.0M | $49.0M | ||
| Q1 24 | $124.0M | $-43.0M |
| Q4 25 | 16.8% | — | ||
| Q3 25 | -0.4% | 1.5% | ||
| Q2 25 | -4.0% | -37.4% | ||
| Q1 25 | 9.6% | -8.1% | ||
| Q4 24 | 5.6% | -26.1% | ||
| Q3 24 | 7.9% | 1.3% | ||
| Q2 24 | -1.3% | 6.8% | ||
| Q1 24 | 11.9% | -6.1% |
| Q4 25 | 3.2% | — | ||
| Q3 25 | 2.7% | 0.6% | ||
| Q2 25 | 1.9% | 1.1% | ||
| Q1 25 | 3.0% | 1.3% | ||
| Q4 24 | 1.6% | 1.0% | ||
| Q3 24 | 2.1% | 0.3% | ||
| Q2 24 | 2.1% | 1.8% | ||
| Q1 24 | 2.3% | 1.1% |
| Q4 25 | 2.78× | 0.61× | ||
| Q3 25 | 0.96× | — | ||
| Q2 25 | -0.59× | — | ||
| Q1 25 | 8.79× | — | ||
| Q4 24 | 1.95× | — | ||
| Q3 24 | 5.10× | 0.01× | ||
| Q2 24 | 0.33× | — | ||
| Q1 24 | — | — |
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% |
VYX
| Services | $484.0M | 67% |
| Products | $236.0M | 33% |
