Friday 6 November 2026
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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%
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Target Price Range
Analyst price targets
Free accountTen 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
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% |
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
5 Nov
4 Nov
27 Oct
5 Aug
6 May
NATL metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Altman Z-score
- Beneish M-score