NCR Atleos Corp (NATL)

NCR Atleos Corporation, a financial technology company, engages in the provision of self-directed banking solutions to financial institutions, merchants, manufacturers, retailers, and consumers in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Self-Service Banking; Network; and Telecommunications & Technology (T&T). It offers solutions, including a line of automated teller machine (ATM) hardware and software, as well as elated installation, maintenance, and managed and professional services; and ATM as a service to manage and run for financial institutions that include back office, cash management, software management, and ATM deployment. The company also provides network of ATMs and multi-functioning financial services kiosks for financial institutions, financial technology companies, neobanks, and retailers; Allpoint network which provides cash withdrawal and deposit access to credit unions, banks, digital banks, fintechs, stored-value debit card issuers, and other consumer financial services providers; and ATM branding solutions to financial institutions, ATM management and services to retailers and other businesses, and LibertyX solution which gives consumers the ability to buy and sell Bitcoin. In addition, it offers managed network and infrastructure services to enterprise clients across various industries through communications service providers and technology manufacturers; and professional, field, and remote services for modern network technologies, including software-defined wide area networking, network functions virtualization, wireless local area networks, optical networking, and edge networks. NCR Atleos Corporation was founded in 1884 and is headquartered in Atlanta, Georgia.

Symbol: NATL
Exchange: NYSE
Sector: Technology
Industry: Software - Application
Market cap: $3.41B
52 week range: 33.31 - 48.5

Valuation

Share price: $45.77 (close of 2026-09-23)
P/E (TTM): 17.38x
Price to book: 7.35x
Price to free cash flow: 21.45x
Enterprise value: $5.92B
Book value per share: $6.29

Price performance

Period	Change
1 day	-0.67%
5 days	-0.93%
1 month	-1.38%
3 months	+5.03%
6 months	+5.58%
Year to date	+20.10%
1 year	+16.49%
All time	+99.00%

Profitability and growth

Return on equity: 40.30%
Return on invested capital: 15.86%
Return on assets: 2.86%
Return on capital employed: 12.68%
Gross margin: 24.37%
Net margin: 3.72%
EBITDA margin: 17.34%
Revenue growth: 1.14%
Net income growth: 102.50%
Free cash flow growth: -7.00%

Cash flow and balance sheet

Free cash flow yield (TTM): 4.66%
Current ratio: 1.03x
Net debt to EBITDA: 3.26x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $4.35B
Cost of revenue: $3.29B
Gross profit: $1.06B
EBITDA: $755.00M
Net income: $162.00M
Earnings per share: $2.20
Research and development: $70.00M
Shares outstanding: 73.50M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$4.35B	$1.06B	$162.00M	$2.20
2024-12-31	$4.30B	$1.02B	$80.00M	$1.11
2023-12-31	$4.19B	$928.00M	$-150.00M	$-2.12
2022-12-31	$4.12B	$908.00M	$99.00M	$1.40
2021-12-31	$3.55B	$892.00M	$186.00M	$2.63

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	24.37%	3.72%	40.30%	15.86%
2024-12-31	23.69%	1.86%	35.87%	13.77%
2023-12-31	22.17%	-3.58%	-67.57%	4.37%
2022-12-31	22.03%	2.40%	3.05%	5.47%
2021-12-31	25.13%	5.24%	7.97%	8.78%