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. In the quarter to June 2026, revenue was flat, EPS grew 44.3%, free cash flow grew 111.1% and total debt fell 3.73%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for three.

45.94 0.12 −0.26%
Market cap
$3.4B
P/E
17.3×
Fwd P/E
12.0×
Dividend yield
—
F-score
7/9
Altman Z
1.42
Beneish M
−2.69
Dividend safety
n/a

Insider Decisions trades per month

Total sells 0.31
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 1 — — — — — — — — — — —
Insider Ownership 1.52%

Capital & Financial Ratios $m

Market Cap 3,400.00
Revenue 4,419.00
Net Income 198.00
Free Cash Flow 157.00
Net Debt 2,118.00
Current Ratio 1.03
Debt/Equity 5.84 (above 2: weak)
P/E ratio 17.27
Fwd P/E 12.00
P/S ratio 0.77
P/B ratio 7.31 (above 6: high)
Past 5Y EPS Growth —
This Y EPS Growth 16.14% (at or above 15%: strong)
Next Y EPS Growth 11.74%
Next Y revenue growth 2.60%
Next 5Y EPS Growth 16.68% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 93.26%
10-year low 10-year high
P/B against its own 10 years 39.89%
10-year low 10-year high
EV/Sales against its own 10 years 87.32%
10-year low 10-year high
EV/FCF against its own 10 years 68.82%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2016 0.42
0.14
0.14
0.14
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 577 629 631 593
Receivables 707 581 550 601
Inventory 333 307 342 351
Other 244 232 301 303
1,861 1,749 1,824 1,848
2023 2024 2025 Q'26
Payables 505 564 617 597
ST’ Debt — — — —
Other 1,192 1,077 1,196 1,121
1,773 1,722 1,899 1,802

Compound Annual Growth %

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

Revenue $m

Mar Jun Sep Dec Year
’26 1,043 1,103 — — —
’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 — — —
’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 — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 0.29 0.86 — — —
’25 0.23 0.60 0.34 1.09 2.14
’24 (0.11) 0.39 0.32 0.61 1.23
’23 0.52 0.74 (0.82) (2.28) (1.84)
’22 — — 0.91 — 1.39
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

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — — — 18.00 18.42 22.30

Analyst estimates 2026–2028

Powerpack
High — — — — — — — 26.00 35.50 42.23
People
People Employees — — — — — — 19,156 20,000 20,000 20,000
Revenue/emp, $m — — — — — 0.00 0.22 0.21 0.22 0.22
Income, $m
Income, $m Revenue — — — — — 3,549 4,122 4,186 4,305 4,354
Gross margin, % — — — — — 25.13 22.03 22.17 23.69 24.37
EBT — — — — — 251 146 89 125 189
EBT margin, % — — — — — 7.07 3.54 2.13 2.90 4.34
Net income — — — — — 187 98 (148) 81 162
Depreciation — — — — — 159 259 254 287 277
Per share, $
Per share, $ Revenue — — — — — 50.27 58.39 59.29 59.63 59.24
Earnings — — — — — 2.65 1.39 (1.84) 1.26 2.20
Cash flow — — — — — 6.36 3.88 5.03 4.76 4.84
Capex — — — — — (1.57) (1.37) (1.87) (1.93) (1.51)
Free cash flow — — — — — 4.79 2.51 3.16 2.84 3.33
Book value — — — — — 0.00 46.20 3.14 3.09 5.47
Shares, m — — — — — 71 71 71 72 74
Valuation, ×
Valuation, × P/E — — — — — 17.07 17.07 0.00 27.14 16.43
P/S — — — — — 0.39 0.39 0.40 0.57 0.64
P/B — — — — — 0.45 0.45 7.55 10.98 6.97
EV/Sales — — — — — 0.86 0.86 0.96 1.09 1.11
EV/FCF — — — — — 13.23 13.23 18.10 24.24 19.29
Cash, $m
Cash, $m Operating cash flow — — — — — 449 274 355 344 356
Capex — — — — — (111) (97) (132) (139) (111)
Free cash flow — — — — — 338 177 223 205 245
Balance, $m
Balance, $m Working capital — — — — — — 280 88 27 (75)
Total debt — — — — — — 717 2,938 2,859 2,672
Net debt — — — — — — 220 2,361 2,230 2,041
Shareholders’ equity — — — — — — 3,262 222 223 402
Returns, %
Returns, % ROA — — — — — 0.00 3.43 (2.61) 1.42 2.89
ROIC — — — — — 0.00 4.63 6.36 11.13 12.23
ROE — — — — — 0.00 0.00 (8.61) 35.96 51.84
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
FRSH Freshworks Inc. $3.7B 21.1× 151× +15.98% (above 0%: growing) n/m −2.84% (below 0%: shrinking) 84.79% 2.55% Compare
BRZE Braze, Inc. $3.5B — (loss-making) — (loss-making) +26.16% (above 0%: growing) n/m +515.45% (above 0%: growing) 66.83% (7.98%) Compare
LIF Life360, Inc. $3.4B 22.0× 32.6× +37.77% (above 0%: growing) −33.33% (below 0%: shrinking) +115.99% (above 0%: growing) 79.83% (0.04%) Compare
NATL NCR Atleos Corporation $3.4B 17.3× 12.0× +0.09% (above 0%: growing) +44.26% (above 0%: growing) +111.11% (above 0%: growing) 28.01% 14.14%
BULL Webull Corporation $3.4B 60.7× — +51.21% (above 0%: growing) n/m −454,633.33% (below 0%: shrinking) 77.70% 22.86% Compare
INTA Intapp, Inc. $3.4B — (loss-making) 107× +12.95% (above 0%: growing) n/m +23.70% (above 0%: growing) 77.60% (2.77%) Compare
AGYS Agilysys, Inc. $3.2B 71.5× 56.5× +14.35% (above 0%: growing) +77.78% (above 0%: growing) +246.88% (above 0%: growing) 63.48% 11.11% Compare
SPSC SPS Commerce, Inc. $3.1B 41.0× 20.9× +5.56% (above 0%: growing) −63.46% (below 0%: shrinking) +123.84% (above 0%: growing) 70.16% 4.25% Compare
PTRN Pattern Group Inc. $3.1B — (loss-making) 35.7× +46.58% (above 0%: growing) −39.05% (below 0%: shrinking) +213.65% (above 0%: growing) 43.84% 4.05% Compare
Median of peers $3.4B 41.0× 46.1× +21.07% −36.19% +119.92% 73.88% 3.30%

All 237 Software Application stocks →

NCR Atleos Corporation (NATL) key facts

  • Strength: NCR Atleos Corporation’s revenue for fiscal 2025 (year ended December 2025) was $4.4 billion, up 1.14% from fiscal 2024.
  • NCR Atleos Corporation (NATL) is a Software Application company in the Technology sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, NATL traded at $45.94, a market capitalization of $3.4 billion.
  • Return on equity was 51.8% and debt-to-equity 5.84.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 1.42 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

NCR Atleos Corporation (NATL) Latest News

7 May

stockrow.com/NATL · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com