NCR Voyix Corporation

VYX Technology Information Technology Services

NCR Voyix Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, down 4.65% from fiscal 2024.

Revenue
−21.2%
EPS
+208.8%
Free cash flow
+91.6%
Total debt
+0.18%

Quarter to September 2026, against a year earlier

9.83 0.03 −0.30%
Market cap
$1.4B
P/E
13.2×
Fwd P/E
41.4×
Dividend yield
—
F-score
4/9
Altman Z
1.20
Beneish M
−2.28
Dividend safety
31/100

Insider Decisions last twelve months

Sold, $m 0.10
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — 1 — — —
Insider Ownership 0.99%

Capital & Financial Ratios $m

Size
Market Cap 1,360.00
Revenue ttm 2,399.00
Net income ttm 119.00
Free cash flow ttm (8.00)
Net debt Q 819.00
Valuation
P/E 13.21
Forward P/E 41.40 (above 35: high)
Price / sales 0.57
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.42
Financial health
Current ratio Q 1.11
Debt / equity Q 1.16
Interest coverage Q 2.63
Growth
Revenue growth Q −21.20% (below 0%: shrinking)
Operating income growth Q +180.00% (above 0%: growing)
EPS, this year +6.22%
EPS, next year A +15.48% (at or above 15%: strong)
Revenue, next year A −18.16% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +12.02%

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

Valuation vs history

P/E against its own 10 years 37.25%
10-year low 10-year high
P/S against its own 10 years 67.78%
10-year low 10-year high
P/B against its own 10 years 18.37%
10-year low 10-year high
EV/Sales against its own 10 years 59.60%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 280 753 239 282
Receivables 414 532 470 410
Inventory 250 208 217 121
Other 178 166 177 263
1,206 1,671 1,103 1,076
2023 2024 2025 Q'26
Payables 440 324 346 370
ST’ Debt 15 — — —
Other 617 980 621 488
1,333 1,420 1,065 972

Compound Annual Growth %

10y 5y 3y
Sales (8.27%) (15.42%) (5.40%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% (1.54%)
Book Value 2.70% (2.04%) (13.78%)

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.06) (0.01) 0.17 — —
’25 (0.15) (0.03) (0.16) 0.63 0.30
’24 (0.31) (0.53) 7.41 (0.10) 6.52
’23 0.04 0.11 (0.91) (2.25) (3.12)
’22 (0.28) 0.26 0.46 (0.15) 0.31
’21 0.19 (0.10) 0.06 0.43 0.58
’20 0.13 0.44 0.19 (1.62) (0.86)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 606 523 539 — —
’25 612 660 684 731 2,687
’24 710 722 708 678 2,818
’23 916 946 809 495 3,166
’22 1,866 1,997 1,972 (2,661) 3,174
’21 1,544 1,677 1,901 (1,430) 3,692
’20 1,503 1,484 1,589 1,631 6,207
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 42 17 17 — —
’25 (42) (242) 14 60 (210)
’24 (35) 62 11 (170) (132)
’23 311 227 189 (33) 694
’22 38 80 127 182 427
’21 155 155 497 202 1,009
’20 54 229 212 146 641
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 3 (24) (20) — —
’25 (81) (284) (27) 36 (356)
’24 (96) (2) (42) (209) (349)
’23 228 114 87 (104) 325
’22 (42) (11) 17 96 60
’21 94 76 396 96 662
’20 (18) 168 152 83 385
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
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 6,543 6,516 6,405 6,915 6,207 3,692 3,174 3,166 2,818 2,687 2,399 (9.4%) 2,199 2,171 2,202 (6.4%)
Gross margin, % 27.79 28.47 26.15 27.78 24.55 25.05 21.55 20.94 20.48 23.60 26.97 (4.2) pt
EBT 379 482 39 341 (59) (267) (317) (549) (197) (31) 2 n/m
EBT margin, % 5.79 7.40 0.61 4.93 (0.95) (7.23) (9.99) (17.34) (6.99) (1.15) 0.08 (6.9) pt
Net income 274 235 (86) 564 (78) 98 59 (428) 957 62 119 (15.2%)
Per share, $
Per share, $ Revenue 52.09 53.45 54.10 56.63 48.34 28.14 23.22 22.52 19.47 19.39 17.40 (10.4%)
Earnings 1.76 1.01 (1.16) 3.72 (0.86) 0.62 0.32 (3.12) 6.52 0.30 0.74 (17.8%)
Cash flow 7.13 6.17 4.83 5.19 4.99 7.69 3.12 4.94 (0.91) (1.52) 0.99 n/m
Capex (1.81) (2.36) (2.62) (2.60) (1.99) (2.64) (2.68) (2.62) (1.50) (1.05) (1.04) (5.8%)
Free cash flow 5.33 3.81 2.21 2.59 3.00 5.05 0.44 2.31 (2.41) (2.57) (0.06) n/m
Book value 5.57 5.92 3.37 9.07 8.19 9.60 10.82 0.18 6.43 6.84 6.90 +2.3%
Shares, m 126 122 118 122 128 131 137 141 145 139 138 +1.1%
Valuation, ×
Valuation, × P/E 14.31 21.02 0.00 5.93 0.00 40.15 46.45 0.00 2.14 34.00 13.21 16.4
P/S 0.49 0.40 0.26 0.38 0.47 0.87 0.62 0.76 0.71 0.53 0.57 0.5
P/B 4.55 3.58 4.17 2.36 2.80 2.55 1.33 96.40 2.15 1.49 1.42 12.1
EV/Sales 0.88 0.77 0.68 0.82 0.94 2.18 2.33 1.49 0.84 0.85 0.91 1.2
EV/FCF 8.57 10.87 16.66 17.93 15.12 12.13 123.06 14.49 (6.77) (6.38) (273.69) 20.6
Cash, $m
Cash, $m Operating cash flow 896 752 572 634 641 1,009 427 694 (132) (210) 136 n/m
Capex (227) (288) (310) (318) (256) (347) (367) (369) (217) (146) (144) (4.8%)
Free cash flow 669 464 262 316 385 662 60 325 (349) (356) (8) n/m
Balance, $m
Balance, $m Working capital 792 941 741 606 390 68 369 (127) 251 38 104 (28.6%)
Net debt 2,553 2,454 2,701 3,050 2,881 4,820 5,415 2,298 345 861 819 (11.4%)
Shareholders’ equity 699 722 399 1,107 1,051 1,259 1,479 25 931 948 952 +3.4%
Returns, %
Returns, % ROA 3.53 3.03 (1.14) 6.74 (1.26) 0.81 0.38 (5.38) 19.97 1.00 2.52 (2.5) pt
ROIC 12.95 13.60 3.85 9.19 3.51 0.27 (0.45) (3.61) (1.86) 0.90 1.98 (12.0) pt
ROE 37.89 32.65 (15.70) 74.90 (10.19) 7.01 3.21 (59.04) 197.28 4.47 10.89 (33.4) pt
People
People Employees 33,500 34,000 34,000 36,000 36,000 38,000 35,000 15,500 14,000 13,500 — (9.6%)
Revenue/emp, $m 0.20 0.19 0.19 0.19 0.17 0.10 0.09 0.20 0.20 0.20 — +0.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026

NCR Voyix Corporation vs peers in Information Technology Services (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
FORTY Formula Systems (1985) Ltd. $1.7B 2.6× 13.9× +29.82% (above 0%: growing) +55.10% (above 0%: growing) +1,330.84% (above 0%: growing) 20.25% 9.16% Compare
MGRT Mega Fortune Company Limited $1.6B — — — — — — — Compare
PONY Pony AI Inc. - Sponsored ADR $1.6B — (loss-making) — (loss-making) +68.82% (above 0%: growing) n/m −73.21% (below 0%: shrinking) 17.53% (181.51%) Compare
CLVT Clarivate PLC $1.5B — (loss-making) — (loss-making) −9.18% (below 0%: shrinking) n/m −4.59% (below 0%: shrinking) 71.14% 8.33% Compare
CHRN ChronoScale Holdings Corporation $1.5B — (loss-making) — (loss-making) +148.13% (above 0%: growing) n/m +1,410.88% (above 0%: growing) (9.99%) (59.99%) Compare
EFOR Everforth Inc. $1.5B 21.0× 24.3× +1.98% (above 0%: growing) −35.98% (below 0%: shrinking) −35.42% (below 0%: shrinking) 28.27% 5.49% Compare
VYX NCR Voyix Corporation $1.4B 13.2× 41.4× −21.20% (below 0%: shrinking) n/m +91.55% (above 0%: growing) 32.84% 7.79%
INOD Innodata Inc $1.3B 25.7× 36.1× +57.80% (above 0%: growing) +86.96% (above 0%: growing) +4,885.72% (above 0%: growing) 46.08% 17.21% Compare
GDYN Grid Dynamics Holdings, Inc. $1.1B 146× 79.6× +9.73% (above 0%: growing) +449.64% (above 0%: growing) +349.88% (above 0%: growing) 40.32% 7.99% Compare
Median of peers $1.5B 23.4× 30.2× +29.82% +71.03% +349.88% 28.27% 7.99%

All 81 Information Technology Services stocks →

Pay and ownership Proxy statement filed 21 April 2026

Ownership

Directors and executive officers, together less than 1%
BlackRock, Inc.50 Hudson YardsNew York, NY 15.30%
The Vanguard Group100 Vanguard BoulevardMalvern, PA 13.20%
Greenhouse Entities605 S. Eden Street, Suite 11.90%
Shapiro Capital Management LLC3060 Peachtree Road, Suite 5.60%
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 Voyix Corporation (VYX) Latest News

5 Nov

Impact 3 · · The Motley Fool transcript
Impact 3 · · Associated Press
Impact 3 · · Business Wire

28 Oct

Impact 4 · · verdictfoodservice.com

23 Oct

2 Oct

Impact 3 · · Zacks

9 Aug

Impact 3 · · MarketBeat

8 May

Impact 4 · · The Motley Fool transcript
Impact 3 · · Moby transcript

7 May

stockrow.com/VYX · Data as of Nov 6, 2026 · For information only; not investment advice. · © 2026 stockrow.com