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NATLNCR Atleos Corporation
$44.88$3.3B
Overview & Verdict
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NATL logoNCR Atleos Corporation(NATL)Earnings, Financials & Key Ratios

NATL•NASDAQ
$44.88
21.0× P/E·Price updated Jul 7, 2026
SectorTechnologyIndustryApplication SoftwareSub-IndustryPayments, billing and spend management
AboutNCR ATMCo, LLC operates as a financial technology company in the United States, rest of Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Self-Service Banking, Payments and Network, and Telecommunications and Technology. It provides self-directed banking solutions through automated and interactive teller machine technology, including software, services, hardware, and Allpoint network. The company also offers managed network and infrastructure services to enterprise clients across various industries through direct relationships with communications service providers and technology manufacturers. It serves financial institutions, merchants, manufacturers, retailers, and consumers. The company is headquartered in Atlanta, Georgia.Show more
  • Revenue$4.35B+0.9%
  • EBITDA$755M+67.8%
  • Net Income$162M+78.0%
  • EPS (Diluted)2.14+74.0%
  • Gross Margin24.37%+1.8%
  • EBITDA Margin17.34%+66.4%
  • Operating Margin10.98%+5.6%
  • Net Margin3.72%+76.5%
  • ROE48.65%+47.3%

NATL Price & Volume

NCR Atleos Corporation (NATL) stock price & volume — 10-year historical chart

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Volatile Revenue Growth Masks Structural Margin Constraints

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Strained
Cash Flow:Mixed
Primary Risk:Secular cash usage decline

Key Thesis Takeaways

  • NCR Atleos faces a challenging transition as it attempts to pivot toward recurring service contracts while managing the inherent lumpiness of its hardware-centric business model.
  • While the company has successfully reduced its debt-to-equity ratio from 12.54 in 2023Q4 to 0.57 in 2026Q1, the reliance on $2.0 billion in goodwill and persistent margin volatility suggest significant long-term execution risks.
  • Investors should remain cautious as the firm struggles to achieve consistent operating leverage amidst a secular decline in cash usage.

Verdict Logic

while the dramatic reduction in debt-to-equity to 0.57 is a positive development, the persistent volatility in operating income and the $2.0 billion goodwill burden warrant a wait-and-see approach.

NATL Growth Metrics

NCR Atleos Corporation (NATL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-
3 Years1.77%
TTM4.1%

Profit CAGR

10 Years-
5 Years-
3 Years14.47%
TTM50.43%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM400%

Return on Capital

10 Years8.63%
5 Years8.63%
3 Years10.15%
Last Year12.55%

NATL Recent Earnings

NCR Atleos Corporation (NATL) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (80%)●Beat Revenue 5/12 qtrs (50%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$0.65-25.5%
$0.87
Rev
$1.0B-0.3%
$1.0B
Q1 2026
Feb 26, 2026
Metric
Actual
Est
EPS
$1.49+12.9%
$1.32
Rev
$1.2B+0.4%
$1.1B
Q4 2025
Nov 5, 2025
Metric
Actual
Est
EPS
$1.09+3.8%
$1.05
Rev
$1.1B-3.3%
$1.1B
Q3 2025
Aug 6, 2025
Metric
Actual
Est
EPS
$0.93+9.4%
$0.85
Rev
$1.1B-1.0%
$1.1B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$0.65vs $0.87-25.5%
$1.0Bvs $1.0B-0.3%
Q1 2026Feb 26, 2026
$1.49vs $1.32+12.9%
$1.2Bvs $1.1B+0.4%
Q4 2025Nov 5, 2025
$1.09vs $1.05+3.8%
$1.1Bvs $1.1B-3.3%
Q3 2025Aug 6, 2025
$0.93vs $0.85+9.4%
$1.1Bvs $1.1B-1.0%
Based on last 12 quarters of dataView full earnings history →

Latest NATL News

Recent stock market news and headlines for NCR Atleos Corporation (NATL)

Business Wire·Jun 30, 2026
NCR Atleos Extends Long-Standing Relationship with Shell UK Oil Products to Operate ATMs Across National Forecourt Network

ATLANTA--(BUSINESS WIRE)--NCR Atleos Corporation (NYSE: NATL) (“Atleos”), a leader in expanding self-service financial access for financial institutions, retailers and consumers, today announced an extension of its long-standing relationship with Shell UK Oil Products Limited, to operate ATMs across Shell's forecourt network in the United Kingdom. Under the renewed agreement, NCR Atleos will manage 408 free-to-use ATMs across Shell's national forecourt estate, helping ensure consistent and conv.

GuruFocus·Jun 23, 2026
NCR Atleos Establishes U.S. Reseller Collaboration with Sesami for CM-Series Intelligent Teller Cash Recycler Solutions

[url="]NCR Atleos[/url] Corporation (NYSE: NATL) (“Atleos”), a leader in expanding self-service financial access for financial institutions, retailers and

Business Wire·Jun 23, 2026
NCR Atleos Establishes U.S. Reseller Collaboration with Sesami for CM-Series Intelligent Teller Cash Recycler Solutions

ATLANTA--(BUSINESS WIRE)--NCR Atleos Corporation (NYSE: NATL) (“Atleos”), a leader in expanding self-service financial access for financial institutions, retailers and consumers, today announced a new collaboration with Sesami, a global one-stop integrator of the whole cash ecosystem, under which Atleos and its channel partners will resell Sesami's CM-Series Intelligent Teller Cash Recycler (TCR) solutions to financial institutions in the United States. Through the collaboration, NCR Atleos wil.

Business Wire·Jun 16, 2026
Global Credit Union selects NCR Atleos ATMs to support new Utqiaġvik branch in Alaska's northernmost city

ATLANTA--(BUSINESS WIRE)--NCR Atleos Corporation (NYSE: NATL) (“Atleos”), a leader in expanding self-service financial access for financial institutions, retailers and consumers, today announced that Global Credit Union (“Global”) is deploying Atleos ATMs at its newly established branch in Utqiaġvik, Alaska, the northernmost city in the United States. The deployment supports Global's presence in the North Slope region of the state and reflects the use of Atleos self‑service banking technology i.

Peers Comparison

Key metrics vs top competitors for NCR Atleos Corporation (NATL)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NATL logoNATLNCR Atleos CorporationCurrent
$44.88$3.31B20.970.86%3.72%48.65%—
NTCT logoNTCTNetScout Systems, Inc.
$42.37$3.03B32.594.47%11.12%5.96%—
CASS logoCASSCass Information Systems, Inc.
$52.60$677.02M20.15-13.1%17.39%14.44%—
JKHY logoJKHYJack Henry & Associates, Inc.
$146.71$10.62B23.517.21%20.64%24.03%—
FISV logoFISVFiserv, Inc.
$52.71$28.19B8.313.6%15.17%12.43%—
DBD logoDBDDiebold Nixdorf, Incorporated
$83.56$2.91B32.901.46%2.84%10.08%—

Compare NATL vs Peers

NCR Atleos Corporation (NATL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NTCT

Most directly comparable listed peer for NATL.

Scale Benchmark

vs JPM

Larger-name benchmark to compare NATL against a more recognizable public peer.

Peer Set

Compare Top 5

vs NTCT, CASS, JKHY, FISV

NATL SEC Filings & Documents

NCR Atleos Corporation (NATL) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

Mar 12, 2026·SEC

Material company update

Mar 5, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 27, 2026·SEC

FY 2025

Mar 3, 2025·SEC

FY 2024

Mar 26, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

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NATL Frequently Asked Questions

NCR Atleos Corporation (NATL) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is NCR Atleos Corporation's revenue?

NCR Atleos Corporation (NATL) reported $4.42B in revenue for fiscal year 2025. This represents a 25% increase from $3.55B in 2021.

How fast is NCR Atleos Corporation growing?

NCR Atleos Corporation (NATL) grew revenue by 0.9% over the past year. Growth has been modest.

Is NATL profitable?

Yes, NCR Atleos Corporation (NATL) is profitable, generating $176.0M in net income for fiscal year 2025 (3.7% net margin).

Dividend & Returns
What is NATL's return on equity?

NCR Atleos Corporation (NATL) has a return on equity (ROE) of 48.6%. This is excellent, indicating efficient use of shareholder capital.

What is NCR Atleos Corporation's free cash flow?

NCR Atleos Corporation (NATL) generated $82.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in NATL back in 2021?

Total return calculator · dividends reinvested · 5+ years of data

See returns →