NCR Atleos Corporation

NATL Technology Software Application

NCR Atleos Corporation’s revenue for fiscal 2025 (year ended December 2025) was $4.4 billion, up 1.14% from fiscal 2024.

Revenue
−1.96%
EPS
+275.0%
Free cash flow
+3,800.0%
Total debt
−12.0%

Quarter to September 2026, against a year earlier

47.00 0.37 −0.78%
Market cap
$3.5B
P/E
13.0×
Fwd P/E
9.3×
Dividend yield
—
F-score
7/9
Altman Z
1.42
Beneish M
−2.69
Dividend safety
n/a

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 1.65%

Capital & Financial Ratios $m

Size
Market Cap 3,470.00
Revenue ttm 4,397.00
Net income ttm 269.00
Free cash flow ttm 309.00
Net debt Q 2,144.00
Valuation
P/E 12.97
Forward P/E 9.28
Price / sales 0.79
Forward P/S Powerpack
Price / FCF 11.03
Price / book 6.17 (above 6: high)
Financial health
Current ratio Q 0.90 (below 1: weak)
Debt / equity Q 4.36 (above 2: weak)
Interest coverage Q 3.00
Growth
Revenue growth Q −1.96% (below 0%: shrinking)
Operating income growth Q +66.36% (above 0%: growing)
EPS, this year +18.81% (at or above 15%: strong)
EPS, next year A +8.08%
Revenue, next year A +2.60%
EPS, past 5 yrs —
EPS, next 5 yrs A +14.44%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 98.44%
10-year low 10-year high
P/B against its own 10 years 17.25%
10-year low 10-year high
EV/Sales against its own 10 years 99.09%
10-year low 10-year high
EV/FCF against its own 10 years 25.68%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—
  1. 0.42 ’16
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 577 629 631 311
Receivables 707 581 550 519
Inventory 333 307 342 362
Other 244 232 301 459
1,861 1,749 1,824 1,651
2023 2024 2025 Q'26
Payables 505 564 617 643
ST’ Debt — — — —
Other 1,192 1,077 1,196 1,093
1,773 1,722 1,899 1,825

Compound Annual Growth %

10y 5y 3y
Sales — — 1.84%
Cash Flow — — 9.12%
Earnings — — 17.84%
Book Value — — (50.24%)

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 0.29 0.86 1.27 — —
’25 0.19 0.52 0.34 1.09 2.14
’24 (0.11) 0.39 0.28 0.55 1.08
’23 0.52 0.74 (0.82) (2.48) (2.12)
’22 — — 0.91 — 1.39
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,043 1,103 1,099 — —
’25 979 1,102 1,121 1,152 4,354
’24 1,050 1,080 1,073 1,102 4,305
’23 986 1,040 1,067 1,093 4,186
’22 — 1,067 1,030 — 4,122
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (9) 30 198 — —
’25 123 (25) 27 231 356
’24 148 9 107 80 344
’23 120 80 147 8 355
’22 — 15 226 33 274
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (46) 4 148 — —
’25 82 (36) (4) 203 245
’24 118 (31) 69 49 205
’23 97 66 99 (39) 223
’22 — (19) 190 6 177
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — — 3,549 4,122 4,186 4,305 4,354 4,397 +5.2% 4,467 4,652 4,900 +4.0%
Gross margin, % — — — — — 25.13 22.03 22.17 23.69 24.37 25.74 (0.8) pt
EBT — — — — — 251 146 89 125 189 329 (6.8%)
EBT margin, % — — — — — 7.07 3.54 2.13 2.90 4.34 7.48 (2.7) pt
Net income — — — — — 187 98 (148) 80 162 269 (3.5%)
Per share, $
Per share, $ Revenue — — — — — 50.27 58.39 59.29 59.63 59.24 59.50 +4.2%
Earnings — — — — — 2.65 1.39 (2.12) 1.11 2.20 3.62 (4.5%)
Cash flow — — — — — 6.36 3.88 5.03 4.76 4.84 6.09 (6.6%)
Capex — — — — — (1.57) (1.37) (1.87) (1.93) (1.51) (1.91) (1.0%)
Free cash flow — — — — — 4.79 2.51 3.16 2.84 3.33 4.18 (8.7%)
Book value — — — — — 0.00 46.20 3.14 3.09 5.47 7.62 n/m
Shares, m — — — — — 71 71 71 72 74 74 +1.0%
Valuation, ×
Valuation, × P/E — — — — — 17.07 17.07 0.00 29.50 17.32 12.97 16.2
P/S — — — — — 0.39 0.39 0.40 0.57 0.64 0.79 0.5
P/B — — — — — 0.45 0.45 7.55 10.98 6.97 6.17 5.3
EV/Sales — — — — — 0.86 0.86 0.96 1.09 1.11 1.28 1.0
EV/FCF — — — — — 13.23 13.23 18.10 24.24 19.29 17.83 17.6
Cash, $m
Cash, $m Operating cash flow — — — — — 449 274 355 344 356 450 (5.6%)
Capex — — — — — (111) (97) (132) (139) (111) (141) 0.0%
Free cash flow — — — — — 338 177 223 205 245 309 (7.7%)
Balance, $m
Balance, $m Working capital — — — — — — 280 88 27 (75) (174) n/m
Net debt — — — — — — 220 2,361 2,230 2,041 2,144 +110.1%
Shareholders’ equity — — — — — — 3,262 222 223 402 563 (50.2%)
Returns, %
Returns, % ROA — — — — — 0.00 3.43 (2.61) 1.42 2.89 4.79 +2.9 pt
ROIC — — — — — 0.00 4.63 6.36 11.13 12.23 13.37 +12.2 pt
ROE — — — — — 0.00 0.00 (8.61) 35.96 51.84 59.73 +51.8 pt
People
People Employees — — — — — — 19,156 20,000 20,000 20,000 — +1.4%
Revenue/emp, $m — — — — — 0.00 0.22 0.21 0.22 0.22 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

NCR Atleos Corporation vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
LIF Life360, Inc. $3.8B 25.0× 30.7× +37.77% (above 0%: growing) −33.33% (below 0%: shrinking) +115.99% (above 0%: growing) 79.83% (0.04%) Compare
NATL NCR Atleos Corporation $3.5B 13.0× 9.3× −1.96% (below 0%: shrinking) +275.03% (above 0%: growing) +3,800.00% (above 0%: growing) 25.75% 16.65%
AGYS Agilysys, Inc. $3.4B 75.8× 66.4× +17.73% (above 0%: growing) +11.48% (above 0%: growing) −1.19% (below 0%: shrinking) 64.60% 16.33% Compare
INTA Intapp, Inc. $3.4B — (loss-making) — (loss-making) +15.99% (above 0%: growing) n/m +138.52% (above 0%: growing) 77.89% (0.66%) Compare
FRSH Freshworks Inc. $3.3B 17.2× 113× +14.09% (above 0%: growing) n/m +27.04% (above 0%: growing) 85.33% 11.50% Compare
ALRM Alarm.com Holdings, Inc. $3.3B 28.2× 30.7× +8.99% (above 0%: growing) −1.41% (below 0%: shrinking) +5.51% (above 0%: growing) 66.84% 15.69% Compare
VIA Via Transportation Inc. $3.1B — (loss-making) — (loss-making) +26.67% (above 0%: growing) n/m +28.02% (above 0%: growing) 40.98% (16.03%) Compare
SPSC SPS Commerce, Inc. $2.9B 36.4× 35.4× +4.08% (above 0%: growing) +27.57% (above 0%: growing) +7.23% (above 0%: growing) 71.11% 20.20% Compare
FSLY Fastly, Inc. $2.5B — (loss-making) — (loss-making) +20.21% (above 0%: growing) n/m +120.03% (above 0%: growing) 63.31% (5.93%) Compare
Median of peers $3.3B 28.2× 35.4× +16.86% +5.04% +27.53% 68.98% 5.73%

All 230 Software Application stocks →

Pay and ownership Proxy statement filed 3 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 10.29m 12.55m 179.00
2024 8.67m 14.40m 159.00
2023 8.99m 10.78m 114.00

Ownership

Directors and executive officers, together less than 1%
BlackRock, Inc. 13.90%
The Vanguard Group 10.60%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

NCR Atleos Corporation (NATL) Latest News

20 Oct

30 Sep

27 Aug

Impact 4 · · retailbankerinternational.com

NATL metrics, ten years each

stockrow.com/NATL · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com