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Side-by-side financial comparison of NCR Atleos Corp (NATL) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.
NCR Atleos Corp is the larger business by last-quarter revenue ($1.2B vs $891.0M, roughly 1.3× ZIONS BANCORPORATION, NATIONAL ASSOCIATION). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs 7.2%, a 22.3% gap on every dollar of revenue. On growth, ZIONS BANCORPORATION, NATIONAL ASSOCIATION posted the faster year-over-year revenue change (8.7% vs 4.0%). ZIONS BANCORPORATION, NATIONAL ASSOCIATION produced more free cash flow last quarter ($952.0M vs $194.0M). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% 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.
Zions Bancorporation is an American national bank headquartered in Salt Lake City, Utah. It operates as a national bank rather than as a bank holding company and does business under the following seven brands: Zions Bank, Amegy Bank of Texas, California Bank and Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and the Commerce Bank of Washington.
NATL vs ZION — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $891.0M |
| Net Profit | $83.0M | $263.0M |
| Gross Margin | — | — |
| Operating Margin | 13.5% | — |
| Net Margin | 7.2% | 29.5% |
| Revenue YoY | 4.0% | 8.7% |
| Net Profit YoY | 102.4% | 21.8% |
| EPS (diluted) | $1.09 | $1.77 |
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 | $891.0M | ||
| Q3 25 | $1.1B | $861.0M | ||
| Q2 25 | $1.1B | $838.0M | ||
| Q1 25 | $979.0M | $795.0M | ||
| Q4 24 | $1.1B | $820.0M | ||
| Q3 24 | $1.1B | $792.0M | ||
| Q2 24 | $1.1B | $777.0M | ||
| Q1 24 | $1.0B | $742.0M |
| Q4 25 | $83.0M | $263.0M | ||
| Q3 25 | $26.0M | $222.0M | ||
| Q2 25 | $39.0M | $244.0M | ||
| Q1 25 | $14.0M | $170.0M | ||
| Q4 24 | $41.0M | $216.0M | ||
| Q3 24 | $21.0M | $214.0M | ||
| Q2 24 | $27.0M | $201.0M | ||
| Q1 24 | $-9.0M | $153.0M |
| Q4 25 | 13.5% | — | ||
| Q3 25 | 9.8% | — | ||
| Q2 25 | 10.8% | — | ||
| Q1 25 | 9.5% | — | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 10.6% | — | ||
| Q2 24 | 9.8% | — | ||
| Q1 24 | 6.5% | — |
| Q4 25 | 7.2% | 29.5% | ||
| Q3 25 | 2.3% | 25.8% | ||
| Q2 25 | 3.5% | 29.1% | ||
| Q1 25 | 1.4% | 21.4% | ||
| Q4 24 | 3.7% | 26.3% | ||
| Q3 24 | 2.0% | 27.0% | ||
| Q2 24 | 2.5% | 25.9% | ||
| Q1 24 | -0.9% | 20.6% |
| Q4 25 | $1.09 | $1.77 | ||
| Q3 25 | $0.34 | $1.48 | ||
| Q2 25 | $0.52 | $1.63 | ||
| Q1 25 | $0.19 | $1.13 | ||
| Q4 24 | $0.56 | $1.34 | ||
| Q3 24 | $0.28 | $1.37 | ||
| Q2 24 | $0.37 | $1.28 | ||
| Q1 24 | $-0.13 | $0.96 |
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 | — |
| Total DebtLower is stronger | $2.7B | $1.5B |
| Stockholders' EquityBook value | $403.0M | $7.2B |
| Total Assets | $5.7B | $89.0B |
| Debt / EquityLower = less leverage | 6.63× | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $456.0M | — | ||
| Q3 25 | $412.0M | — | ||
| Q2 25 | $357.0M | — | ||
| Q1 25 | $352.0M | — | ||
| Q4 24 | $419.0M | — | ||
| Q3 24 | $395.0M | — | ||
| Q2 24 | $374.0M | — | ||
| Q1 24 | $343.0M | — |
| Q4 25 | $2.7B | $1.5B | ||
| Q3 25 | $2.8B | $1.5B | ||
| Q2 25 | $2.8B | $970.0M | ||
| Q1 25 | — | $964.0M | ||
| Q4 24 | $2.9B | $950.0M | ||
| Q3 24 | — | $548.0M | ||
| Q2 24 | — | $546.0M | ||
| Q1 24 | — | $544.0M |
| Q4 25 | $403.0M | $7.2B | ||
| Q3 25 | $330.0M | $6.9B | ||
| Q2 25 | $350.0M | $6.6B | ||
| Q1 25 | $275.0M | $6.3B | ||
| Q4 24 | $219.0M | $6.1B | ||
| Q3 24 | $264.0M | $6.4B | ||
| Q2 24 | $250.0M | $6.0B | ||
| Q1 24 | $283.0M | $5.8B |
| Q4 25 | $5.7B | $89.0B | ||
| Q3 25 | $5.7B | $88.5B | ||
| Q2 25 | $5.8B | $88.9B | ||
| Q1 25 | $5.7B | $88.0B | ||
| Q4 24 | $5.5B | $88.8B | ||
| Q3 24 | $5.7B | $87.0B | ||
| Q2 24 | $5.8B | $87.6B | ||
| Q1 24 | $5.8B | $87.1B |
| Q4 25 | 6.63× | 0.21× | ||
| Q3 25 | 8.45× | 0.21× | ||
| Q2 25 | 8.05× | 0.15× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | 13.05× | 0.16× | ||
| Q3 24 | — | 0.09× | ||
| Q2 24 | — | 0.09× | ||
| Q1 24 | — | 0.09× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $194.0M | $952.0M |
| FCF MarginFCF / Revenue | 16.8% | 106.8% |
| Capex IntensityCapex / Revenue | 3.2% | 13.6% |
| Cash ConversionOCF / Net Profit | 2.78× | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | $239.0M | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $231.0M | $1.1B | ||
| Q3 25 | $25.0M | $438.0M | ||
| Q2 25 | $-23.0M | $-62.0M | ||
| Q1 25 | $123.0M | $179.0M | ||
| Q4 24 | $80.0M | $1.1B | ||
| Q3 24 | $107.0M | $119.0M | ||
| Q2 24 | $9.0M | $251.0M | ||
| Q1 24 | $148.0M | $261.0M |
| Q4 25 | $194.0M | $952.0M | ||
| Q3 25 | $-5.0M | $413.0M | ||
| Q2 25 | $-44.0M | $-93.0M | ||
| Q1 25 | $94.0M | $152.0M | ||
| Q4 24 | $62.0M | $1.1B | ||
| Q3 24 | $85.0M | $97.0M | ||
| Q2 24 | $-14.0M | $234.0M | ||
| Q1 24 | $124.0M | $231.0M |
| Q4 25 | 16.8% | 106.8% | ||
| Q3 25 | -0.4% | 48.0% | ||
| Q2 25 | -4.0% | -11.1% | ||
| Q1 25 | 9.6% | 19.1% | ||
| Q4 24 | 5.6% | 128.2% | ||
| Q3 24 | 7.9% | 12.2% | ||
| Q2 24 | -1.3% | 30.1% | ||
| Q1 24 | 11.9% | 31.1% |
| Q4 25 | 3.2% | 13.6% | ||
| Q3 25 | 2.7% | 2.9% | ||
| Q2 25 | 1.9% | 3.7% | ||
| Q1 25 | 3.0% | 3.4% | ||
| Q4 24 | 1.6% | 11.8% | ||
| Q3 24 | 2.1% | 2.8% | ||
| Q2 24 | 2.1% | 2.2% | ||
| Q1 24 | 2.3% | 4.0% |
| Q4 25 | 2.78× | 4.08× | ||
| Q3 25 | 0.96× | 1.97× | ||
| Q2 25 | -0.59× | -0.25× | ||
| Q1 25 | 8.79× | 1.05× | ||
| Q4 24 | 1.95× | 5.31× | ||
| Q3 24 | 5.10× | 0.56× | ||
| Q2 24 | 0.33× | 1.25× | ||
| Q1 24 | — | 1.71× |
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% |
ZION
Segment breakdown not available.
