NYSE : NATL
NCR Atleos Corporation — Financial statements
Technology · Software - Application · United States
Last price 45.71 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.38B
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Financial statements
NCR Atleos Corporation (NATL) reported revenue of 4.42B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.42B | 4.35B | 4.30B | 4.19B | 4.13B | 3.55B |
| Cost of Revenue | 3.30B | 3.29B | 3.29B | 3.26B | 3.21B | 2.66B |
| Gross Profit | 1.12B | 1.06B | 1.02B | 928.00M | 919.00M | 892.00M |
| Selling, General & Admin | 462.00M | 450.00M | 447.00M | 607.00M | 649.00M | 452.00M |
| Research & Development | 76.00M | 70.00M | 62.00M | 80.00M | 64.00M | 107.00M |
| Operating Expenses | 538.00M | 520.00M | 509.00M | 687.00M | 713.00M | 559.00M |
| Operating Income | 582.00M | 541.00M | 511.00M | 241.00M | 206.00M | 333.00M |
| Interest Expense | -259.00M | -270.00M | -309.00M | -90.00M | -31.00M | -49.00M |
| Interest & Investment Income | 8.00M | 6.00M | 7.00M | 5.00M | ||
| Currency Exchange Gain (Loss) | -12.00M | -10.00M | -19.00M | -43.00M | -9.00M | -17.00M |
| Other Non Operating Income (Expenses) | -35.00M | -27.00M | -27.00M | -24.00M | -9.00M | -16.00M |
| EBT Excluding Unusual Items | 284.00M | 240.00M | 163.00M | 89.00M | 157.00M | 251.00M |
| Other Unusual Items | -51.00M | -51.00M | -38.00M | |||
| Pretax Income | 233.00M | 189.00M | 125.00M | 89.00M | 157.00M | 251.00M |
| Income Tax Expense | 35.00M | 27.00M | 44.00M | 237.00M | 50.00M | 64.00M |
| Earnings From Continuing Operations | 198.00M | 162.00M | 81.00M | -148.00M | 107.00M | 187.00M |
| Minority Interest in Earnings | -2.00M | -1.00M | -2.00M | 1.00M | -1.00M | |
| Net Income | 196.00M | 162.00M | 80.00M | -150.00M | 108.00M | 186.00M |
| Net Income to Common | 196.00M | 162.00M | 80.00M | -150.00M | 108.00M | 186.00M |
| Shares Outstanding (Basic) | 73.70M | 73.50M | 72.20M | 70.60M | 70.60M | 70.60M |
| Shares Outstanding (Diluted) | 75.90M | 75.60M | 74.20M | 70.60M | 70.60M | 70.60M |
| EPS (Basic) | 2.66 | 2.20 | 1.11 | -2.12 | 1.53 | 2.63 |
| EPS (Diluted) | 2.58 | 2.14 | 1.08 | -2.12 | 1.53 | 2.63 |
| Free Cash Flow | 159.00M | 239.00M | 257.00M | 247.00M | 216.00M | 369.00M |
| Free Cash Flow Per Share | 2.10 | 3.16 | 3.46 | 3.50 | 3.06 | 5.23 |
| Gross Margin | 25.35% | 24.37% | 23.69% | 22.17% | 22.25% | 25.13% |
| Operating Margin | 13.17% | 12.43% | 11.87% | 5.76% | 4.99% | 9.38% |
| Profit Margin | 4.44% | 3.72% | 1.86% | -3.58% | 2.61% | 5.24% |
| Free Cash Flow Margin | 3.60% | 5.49% | 5.97% | 5.90% | 5.23% | 10.40% |
| EBITDA | 860.00M | 818.00M | 798.00M | 495.00M | 465.00M | 492.00M |
| EBITDA Margin | 19.46% | 18.79% | 18.54% | 11.82% | 11.26% | 13.86% |
| D&A For EBITDA | 278.00M | 277.00M | 287.00M | 254.00M | 259.00M | 159.00M |
| EBIT | 582.00M | 541.00M | 511.00M | 241.00M | 206.00M | 333.00M |
| EBIT Margin | 13.17% | 12.43% | 11.87% | 5.76% | 4.99% | 9.38% |
| Effective Tax Rate | 15.02% | 14.29% | 35.20% | 266.29% | 31.85% | 25.50% |
| Revenue as Reported | 4.42B | 4.35B | 4.30B | 4.19B | 4.13B | 3.55B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 429.00M | 456.00M | 419.00M | 339.00M | 293.00M | 238.00M |
| Trading Asset Securities | 5.00M | 7.00M | 36.00M | |||
| Cash & Short-Term Investments | 429.00M | 456.00M | 424.00M | 346.00M | 329.00M | 238.00M |
| Accounts Receivable | 544.00M | 508.00M | 500.00M | 621.00M | 491.00M | 413.00M |
| Other Receivables | 57.00M | 42.00M | 81.00M | 89.00M | 3.00M | 20.00M |
| Receivables | 601.00M | 550.00M | 581.00M | 710.00M | 502.00M | 437.00M |
| Inventory | 351.00M | 342.00M | 307.00M | 333.00M | 419.00M | 467.00M |
| Restricted Cash | 164.00M | 175.00M | 210.00M | 238.00M | 204.00M | 231.00M |
| Other Current Assets | 303.00M | 301.00M | 227.00M | 247.00M | 195.00M | 204.00M |
| Total Current Assets | 1.85B | 1.82B | 1.75B | 1.87B | 1.65B | 1.58B |
| Property, Plant & Equipment | 704.00M | 688.00M | 618.00M | 612.00M | 497.00M | 528.00M |
| Long-Term Investments | 7.00M | 27.00M | 9.00M | |||
| Goodwill | 1.96B | 1.96B | 1.95B | 1.95B | 1.95B | 1.91B |
| Other Intangible Assets | 451.00M | 563.00M | 627.00M | 711.00M | 729.00M | 877.00M |
| Long-Term Deferred Tax Assets | 279.00M | 288.00M | 285.00M | 254.00M | 317.00M | 314.00M |
| Other Long-Term Assets | 425.00M | 347.00M | 299.00M | 312.00M | 268.00M | 267.00M |
| Total Assets | 5.66B | 5.67B | 5.54B | 5.71B | 5.77B | 5.58B |
| Accounts Payable | 597.00M | 617.00M | 564.00M | 505.00M | 350.00M | 389.00M |
| Accrued Expenses | 104.00M | 139.00M | 145.00M | 149.00M | 82.00M | 156.00M |
| Short-Term Debt | 1.00M | 8.00M | 3.00M | 108.00M | 208.00M | |
| Current Portion of Long-Term Debt | 90.00M | 95.00M | 85.00M | 78.00M | ||
| Current Portion of Leases | 43.00M | 33.00M | 31.00M | 22.00M | 29.00M | |
| Current Unearned Revenue | 408.00M | 383.00M | 328.00M | 325.00M | 356.00M | 332.00M |
| Other Current Liabilities | 602.00M | 614.00M | 564.00M | 671.00M | 451.00M | 512.00M |
| Total Current Liabilities | 1.80B | 1.90B | 1.72B | 1.76B | 1.37B | 1.63B |
| Long-Term Debt | 2.71B | 2.68B | 2.87B | 2.96B | 717.00M | 1.18B |
| Long-Term Leases | 141.00M | 147.00M | 114.00M | 110.00M | 59.00M | 68.00M |
| Long-Term Unearned Revenue | 41.00M | 41.00M | 29.00M | 29.00M | 31.00M | 43.00M |
| Pension & Post-Retirement Benefits | 344.00M | 356.00M | 424.00M | 449.00M | 22.00M | 22.00M |
| Long-Term Deferred Tax Liabilities | 37.00M | 41.00M | 40.00M | 34.00M | 201.00M | 182.00M |
| Other Long-Term Liabilities | 124.00M | 103.00M | 114.00M | 120.00M | 111.00M | 120.00M |
| Total Liabilities | 5.20B | 5.27B | 5.31B | 5.47B | 2.51B | 3.24B |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | 3.33B | 2.43B |
| Additional Paid-In Capital | 75.00M | 65.00M | 47.00M | 12.00M | ||
| Retained Earnings | 371.00M | 299.00M | 188.00M | 147.00M | ||
| Comprehensive Income & Other | 17.00M | 38.00M | -17.00M | 86.00M | -63.00M | -98.00M |
| Total Common Equity | 464.00M | 403.00M | 219.00M | 246.00M | 3.26B | 2.33B |
| Minority Interest | -1.00M | 4.00M | 3.00M | -1.00M | 3.00M | |
| Shareholders' Equity | 464.00M | 402.00M | 223.00M | 249.00M | 3.26B | 2.34B |
| Total Liabilities & Equity | 5.66B | 5.67B | 5.54B | 5.71B | 5.77B | 5.58B |
| Total Debt | 2.94B | 2.97B | 3.10B | 3.18B | 906.00M | 1.49B |
| Net Cash (Debt) | -2.51B | -2.52B | -2.68B | -2.84B | -577.00M | -1.25B |
| Net Cash Per Share | -33.12 | -33.28 | -36.12 | -40.20 | -8.17 | -17.69 |
| Filing Date Shares Outstanding | 73.90M | 73.56M | 73.04M | 72.10M | 70.60M | 70.60M |
| Total Common Shares Outstanding | 73.80M | 73.70M | 72.70M | 70.90M | 70.60M | 70.60M |
| Working Capital | 46.00M | -75.00M | 27.00M | 115.00M | 280.00M | -49.00M |
| Book Value Per Share | 6.29 | 5.47 | 3.01 | 3.47 | 46.22 | |
| Tangible Book Value | -1.94B | -2.12B | -2.36B | -2.42B | 585.00M | -450.00M |
| Tangible Book Value Per Share | -26.34 | -28.74 | -32.43 | -34.09 | 8.29 | |
| Land | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M | |
| Buildings | 112.00M | 98.00M | 97.00M | 67.00M | 59.00M | |
| Machinery | 1.13B | 1.00B | 907.00M | 645.00M | 582.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 196.00M | 162.00M | 80.00M | -150.00M | 108.00M | 186.00M |
| Depreciation & Amortization | 278.00M | 277.00M | 287.00M | 254.00M | 259.00M | 159.00M |
| Loss (Gain) From Sale of Assets | -7.00M | -32.00M | 2.00M | 3.00M | ||
| Loss (Gain) on Equity Investments | 3.00M | 2.00M | 3.00M | |||
| Stock-Based Compensation | 34.00M | 34.00M | 38.00M | 68.00M | 66.00M | 82.00M |
| Other Operating Activities | -18.00M | -1.00M | 1.00M | 76.00M | -29.00M | 20.00M |
| Change in Accounts Receivable | 45.00M | 36.00M | 106.00M | -50.00M | -78.00M | 70.00M |
| Change in Inventory | -25.00M | -97.00M | -77.00M | 53.00M | -10.00M | -136.00M |
| Change in Accounts Payable | 10.00M | 49.00M | 100.00M | 140.00M | -78.00M | 127.00M |
| Change in Unearned Revenue | 15.00M | 59.00M | 2.00M | 44.00M | 21.00M | |
| Change in Other Net Operating Assets | -253.00M | -133.00M | -196.00M | -41.00M | -8.00M | -80.00M |
| Operating Cash Flow | 279.00M | 356.00M | 344.00M | 355.00M | 274.00M | 449.00M |
| Capital Expenditures | -120.00M | -117.00M | -87.00M | -108.00M | -58.00M | -80.00M |
| Sale of Property, Plant & Equipment | 32.00M | 45.00M | ||||
| Cash Acquisitions | -18.00M | -17.00M | -1.00M | -78.00M | -2.35B | |
| Divestitures | 12.00M | 11.00M | 1.00M | |||
| Sale (Purchase) of Intangibles | -34.00M | -39.00M | -52.00M | -24.00M | -39.00M | -31.00M |
| Investment in Securities | -3.00M | 1.00M | 4.00M | -10.00M | ||
| Other Investing Activities | -1.00M | -173.00M | -242.00M | -36.00M | ||
| Investing Cash Flow | -131.00M | -116.00M | -135.00M | -316.00M | -417.00M | -2.49B |
| Long-Term Debt Issued | 976.00M | 1.40B | 3.64B | 68.00M | 1.19B | |
| Long-Term Debt Repaid | -1.18B | -1.51B | -490.00M | -606.00M | -10.00M | |
| Net Debt Issued (Repaid) | -123.00M | -203.00M | -107.00M | 3.15B | -538.00M | 1.18B |
| Issuance of Common Stock | 4.00M | 11.00M | 4.00M | |||
| Repurchase of Common Stock | -62.00M | -47.00M | -14.00M | -7.00M | ||
| Other Financing Activities | -12.00M | -14.00M | -17.00M | -3.11B | 721.00M | 1.17B |
| Financing Cash Flow | -193.00M | -253.00M | -134.00M | 31.00M | 183.00M | 2.35B |
| Foreign Exchange Rate Adjustments | 2.00M | 16.00M | -20.00M | 17.00M | -11.00M | -1.00M |
| Net Cash Flow | -43.00M | 3.00M | 55.00M | 87.00M | 29.00M | 300.00M |
| Free Cash Flow | 159.00M | 239.00M | 257.00M | 247.00M | 216.00M | 369.00M |
| Free Cash Flow Margin | 3.60% | 5.49% | 5.97% | 5.90% | 5.23% | 10.40% |
| Free Cash Flow Per Share | 2.10 | 3.16 | 3.46 | 3.50 | 3.06 | 5.23 |
| Levered Free Cash Flow | 477.88M | 433.38M | 466.25M | 487.38M | 206.38M | |
| Unlevered Free Cash Flow | 639.75M | 602.12M | 659.38M | 543.62M | 225.75M | |
| Cash Interest Paid | 268.00M | 268.00M | 271.00M | 72.00M | 55.00M | 17.00M |
| Cash Income Tax Paid | 83.00M | 83.00M | 54.00M | 69.00M | 32.00M | 42.00M |
| Change in Working Capital | -208.00M | -86.00M | -67.00M | 104.00M | -130.00M | 2.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.39B | 2.82B | 2.46B | 1.71B | ||
| Enterprise Value | 5.90B | 5.43B | 5.22B | 3.81B | ||
| Last Close Price | 45.82 | 38.11 | 33.92 | 24.29 | ||
| PE Ratio | 17.79 | 17.39 | 30.73 | |||
| Forward PE | 9.60 | 8.16 | 9.22 | |||
| PS Ratio | 0.77 | 0.65 | 0.57 | 0.41 | ||
| PB Ratio | 7.29 | 7.01 | 11.03 | 6.89 | ||
| P/FCF Ratio | 21.30 | 11.78 | 9.57 | 6.94 | ||
| P/OCF Ratio | 12.14 | 7.91 | 7.15 | 4.83 | ||
| EV/Sales Ratio | 1.34 | 1.25 | 1.21 | 0.91 | ||
| EV/EBITDA Ratio | 6.86 | 6.64 | 6.54 | 7.71 | ||
| EV/EBIT Ratio | 10.14 | 10.04 | 10.21 | 15.82 | ||
| EV/FCF Ratio | 37.11 | 22.72 | 20.31 | 15.44 | ||
| Debt / Equity Ratio | 6.34 | 7.39 | 13.92 | 12.79 | 0.28 | 0.64 |
| Debt / EBITDA Ratio | 3.18 | 3.38 | 3.66 | 5.93 | 1.83 | 2.87 |
| Debt / FCF Ratio | 18.51 | 12.44 | 12.08 | 12.89 | 4.19 | 4.03 |
| Net Debt / Equity Ratio | 5.42 | 6.26 | 12.02 | 11.40 | 0.18 | 0.54 |
| Net Debt / EBITDA Ratio | 2.92 | 3.08 | 3.36 | 5.73 | 1.24 | 2.54 |
| Net Debt / FCF Ratio | 15.81 | 10.53 | 10.43 | 11.49 | 2.67 | 3.38 |
| Asset Turnover | 0.77 | 0.78 | 0.77 | 0.73 | 0.73 | |
| Inventory Turnover | 8.79 | 10.15 | 10.27 | 8.66 | 7.25 | |
| Quick Ratio | 0.57 | 0.53 | 0.58 | 0.60 | 0.60 | 0.41 |
| Current Ratio | 1.03 | 0.96 | 1.02 | 1.06 | 1.21 | 0.97 |
| Return on Equity (ROE) | 48.53% | 51.84% | 34.32% | -8.43% | 3.82% | |
| Return on Assets (ROA) | 6.34% | 6.04% | 5.68% | 2.62% | 2.27% | |
| Return on Invested Capital (ROIC) | 16.81% | 15.93% | 11.06% | -11.57% | 3.78% | 6.92% |
| Return on Capital Employed (ROCE) | 15.10% | 14.40% | 13.40% | 6.10% | 4.70% | 8.40% |
| Earnings Yield | 5.62% | 5.75% | 3.25% | -8.75% | ||
| FCF Yield | 4.70% | 8.49% | 10.45% | 14.40% | ||
| Buyback Yield / Dilution | -1.06% | -1.89% | -5.10% |