NCR Atleos Corp Financials

NATL

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows NCR Atleos Corp (NATL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 40/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

NCR Atleos Corp has an operating margin of 10.2%, meaning the company retains $10 of operating profit per $100 of revenue. This results in a moderate score of 51/100, indicating healthy but not exceptional operating efficiency. This is up from 6.3% the prior year.

Growth

NCR Atleos Corp's revenue grew a modest 2.8% year-over-year to $4.3B. This slow but positive growth earns a score of 37/100.

Leverage

NCR Atleos Corp has elevated debt relative to equity (D/E of 13.05), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

NCR Atleos Corp's current ratio of 1.02 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 21/100, which could limit financial flexibility.

Cash Flow

NCR Atleos Corp has a free cash flow margin of 6.0%, earning a moderate score of 30/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

100

NCR Atleos Corp earns a strong 36.5% return on equity (ROE), meaning it generates $37 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100.

Altman Z-Score Distress

1.44

NCR Atleos Corp scores 1.44, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

5/9

NCR Atleos Corp passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

4.30x

For every $1 of reported earnings, NCR Atleos Corp generates $4.30 in operating cash flow ($344.0M OCF vs $80.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.4x

NCR Atleos Corp earns $1.4 in operating income for every $1 of interest expense ($437.0M vs $309.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Revenue

$4.3B

YoY+2.8%

NCR Atleos Corp generated $4.3B in revenue in fiscal year 2024. This represents an increase of 2.8% from the prior year.

EBITDA

$675.0M

YoY+38.3%

NCR Atleos Corp's EBITDA was $675.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 38.3% from the prior year.

Free Cash Flow

$257.0M

YoY+4.0%

NCR Atleos Corp generated $257.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 4.0% from the prior year.

Net Income

$80.0M

YoY+153.3%

NCR Atleos Corp reported $80.0M in net income in fiscal year 2024. This represents an increase of 153.3% from the prior year.

EPS (Diluted)

$1.08

YoY+150.9%

NCR Atleos Corp earned $1.08 per diluted share (EPS) in fiscal year 2024. This represents an increase of 150.9% from the prior year.

Cash & Debt

$419.0M

YoY+23.6%

NCR Atleos Corp held $419.0M in cash against $2.9B in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

73M

YoY+2.5%

NCR Atleos Corp had 73M shares outstanding in fiscal year 2024. This represents an increase of 2.5% from the prior year.

Gross Margin

N/A

Operating Margin

10.2%

YoY+3.9pp

NCR Atleos Corp's operating margin was 10.2% in fiscal year 2024, reflecting core business profitability. This is up 3.9 percentage points from the prior year.

Net Margin

1.9%

YoY+5.4pp

NCR Atleos Corp's net profit margin was 1.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 5.4 percentage points from the prior year.

Return on Equity

36.5%

NCR Atleos Corp's ROE was 36.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.

R&D Spending

$62.0M

YoY-22.5%

NCR Atleos Corp invested $62.0M in research and development in fiscal year 2024. This represents a decrease of 22.5% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$87.0M

YoY-19.4%

NCR Atleos Corp invested $87.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 19.4% from the prior year.

NATL Income Statement

Metric	FY24	FY23	FY22	FY21
Revenue	$4.3B+2.8%	$4.2B+1.6%	$4.1B+16.1%	$3.5B
Cost of Revenue	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A
R&D Expenses	$62.0M-22.5%	$80.0M+25.0%	$64.0M-40.2%	$107.0M
SG&A Expenses	$521.0M-10.9%	$585.0M-0.2%	$586.0M+9.1%	$537.0M
Operating Income	$437.0M+66.2%	$263.0M+1.9%	$258.0M+4.0%	$248.0M
Interest Expense	$309.0M+243.3%	$90.0M+190.3%	$31.0M+163.3%	-$49.0M
Income Tax	$44.0M-81.4%	$237.0M+393.8%	$48.0M-25.0%	$64.0M
Net Income	$80.0M+153.3%	-$150.0M-251.5%	$99.0M-46.8%	$186.0M
EPS (Diluted)	$1.08+150.9%	$-2.12-251.4%	$1.40-46.8%	$2.63

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$1.1B+1.5%	$1.1B+12.7%	$980.0M-11.6%	$1.1B+3.3%	$1.1B-0.5%	$1.1B+3.1%	$1.0B-4.6%	$1.1B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$18.0M+5.9%	$17.0M0.0%	$17.0M-10.5%	$19.0M+26.7%	$15.0M+36.4%	$11.0M-35.3%	$17.0M-34.6%	$26.0M
SG&A Expenses	$143.0M+23.3%	$116.0M-4.9%	$122.0M-6.2%	$130.0M+2.4%	$127.0M-3.8%	$132.0M0.0%	$132.0M-5.7%	$140.0M
Operating Income	$110.0M-8.3%	$120.0M+25.0%	$96.0M-35.6%	$149.0M+30.7%	$114.0M+7.5%	$106.0M+55.9%	$68.0M+126.7%	$30.0M
Interest Expense	$68.0M-1.4%	$69.0M+3.0%	$67.0M-6.9%	$72.0M-8.9%	$79.0M0.0%	$79.0M0.0%	$79.0M-4.8%	$83.0M
Income Tax	$7.0M-63.2%	$19.0M+90.0%	$10.0M-61.5%	$26.0M+160.0%	$10.0M+100.0%	$5.0M+66.7%	$3.0M-93.2%	$44.0M
Net Income	$26.0M-42.2%	$45.0M+164.7%	$17.0M-58.5%	$41.0M+95.2%	$21.0M-22.2%	$27.0M+400.0%	-$9.0M+94.9%	-$175.0M
EPS (Diluted)	$0.34-43.3%	$0.60+160.9%	$0.23-58.2%	$0.55+96.4%	$0.28-24.3%	$0.37+384.6%	$-0.13+94.8%	$-2.48

NATL Balance Sheet

Metric	FY24	FY23	FY22	FY21
Total Assets	$5.5B-2.9%	$5.7B-1.2%	$5.8B	N/A
Current Assets	$1.7B-6.0%	$1.9B+12.9%	$1.6B	N/A
Cash & Equivalents	$419.0M+23.6%	$339.0M+15.7%	$293.0M+23.1%	$238.0M
Inventory	$307.0M-7.8%	$333.0M-20.5%	$419.0M	N/A
Accounts Receivable	$581.0M-17.8%	$707.0M+55.4%	$455.0M	N/A
Goodwill	$1.9B-0.1%	$2.0B+0.2%	$1.9B+2.3%	$1.9B
Total Liabilities	$5.3B-3.1%	$5.5B+118.3%	$2.5B	N/A
Current Liabilities	$1.7B-2.9%	$1.8B+29.5%	$1.4B	N/A
Long-Term Debt	$2.9B-2.7%	$2.9B+309.8%	$717.0M	N/A
Total Equity	$219.0M0.0%	$219.0M-93.3%	$3.3B+39.9%	$2.3B
Retained Earnings	$188.0M+60.7%	$117.0M	$0	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$5.7B-2.8%	$5.8B+1.3%	$5.7B+3.7%	$5.5B-3.7%	$5.7B-0.3%	$5.8B-0.2%	$5.8B+1.3%	$5.7B
Current Assets	$1.8B-8.0%	$2.0B+2.0%	$1.9B+10.7%	$1.7B-9.4%	$1.9B-2.4%	$2.0B-0.2%	$2.0B+6.6%	$1.9B
Cash & Equivalents	$412.0M+15.4%	$357.0M+1.4%	$352.0M-16.0%	$419.0M+6.1%	$395.0M+5.6%	$374.0M+9.0%	$343.0M+1.2%	$339.0M
Inventory	$383.0M-4.3%	$400.0M+12.4%	$356.0M+16.0%	$307.0M-12.5%	$351.0M+6.7%	$329.0M-0.3%	$330.0M-0.9%	$333.0M
Accounts Receivable	$569.0M-14.9%	$669.0M+1.7%	$658.0M+13.3%	$581.0M-6.7%	$623.0M-11.9%	$707.0M-4.7%	$742.0M+5.0%	$707.0M
Goodwill	$2.0B+0.3%	$2.0B+0.1%	$2.0B+0.1%	$1.9B-0.2%	$2.0B+0.2%	$2.0B0.0%	$2.0B-0.1%	$2.0B
Total Liabilities	$5.3B-2.6%	$5.5B0.0%	$5.5B+2.8%	$5.3B-3.2%	$5.5B-0.5%	$5.5B+0.5%	$5.5B+0.2%	$5.5B
Current Liabilities	$1.8B-5.5%	$1.9B-0.1%	$1.9B+9.6%	$1.7B-4.3%	$1.8B-2.9%	$1.9B-1.6%	$1.9B+6.2%	$1.8B
Long-Term Debt	$2.8B-1.0%	$2.8B-0.6%	$2.8B-0.9%	$2.9B-1.6%	$2.9B-0.5%	$2.9B+2.2%	$2.9B-2.8%	$2.9B
Total Equity	$330.0M-5.7%	$350.0M+27.3%	$275.0M+25.6%	$219.0M-17.0%	$264.0M+5.6%	$250.0M-11.7%	$283.0M+29.2%	$219.0M
Retained Earnings	$268.0M-2.9%	$276.0M+10.8%	$249.0M+32.4%	$188.0M-1.6%	$191.0M+14.4%	$167.0M+1.2%	$165.0M+41.0%	$117.0M

NATL Cash Flow Statement

Metric	FY24	FY23	FY22	FY21
Operating Cash Flow	$344.0M-3.1%	$355.0M+29.6%	$274.0M-39.0%	$449.0M
Capital Expenditures	$87.0M-19.4%	$108.0M+86.2%	$58.0M-27.5%	$80.0M
Free Cash Flow	$257.0M+4.0%	$247.0M+14.4%	$216.0M-41.5%	$369.0M
Investing Cash Flow	-$135.0M+57.3%	-$316.0M+24.2%	-$417.0M+83.3%	-$2.5B
Financing Cash Flow	-$134.0M-532.3%	$31.0M-83.1%	$183.0M-92.2%	$2.3B
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$25.0M+208.7%	-$23.0M-118.7%	$123.0M+53.8%	$80.0M-25.2%	$107.0M+1088.9%	$9.0M-93.9%	$148.0M+1750.0%	$8.0M
Capital Expenditures	$30.0M+42.9%	$21.0M-27.6%	$29.0M+61.1%	$18.0M-18.2%	$22.0M-4.3%	$23.0M-4.2%	$24.0M-36.8%	$38.0M
Free Cash Flow	-$5.0M+88.6%	-$44.0M-146.8%	$94.0M+51.6%	$62.0M-27.1%	$85.0M+707.1%	-$14.0M-111.3%	$124.0M+513.3%	-$30.0M
Investing Cash Flow	-$51.0M	$0+100.0%	-$37.0M-48.0%	-$25.0M+35.9%	-$39.0M+2.5%	-$40.0M-29.0%	-$31.0M+34.0%	-$47.0M
Financing Cash Flow	-$36.0M-111.8%	-$17.0M+65.3%	-$49.0M+42.4%	-$85.0M-347.4%	-$19.0M-133.3%	$57.0M+165.5%	-$87.0M+95.9%	-$2.1B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NATL Financial Ratios

Metric	FY24	FY23	FY22	FY21
Gross Margin	N/A	N/A	N/A	N/A
Operating Margin	10.2%+3.9pp	6.3%+0.0pp	6.3%-0.7pp	7.0%
Net Margin	1.9%+5.4pp	-3.6%-6.0pp	2.4%-2.8pp	5.2%
Return on Equity	36.5%	N/A	3.0%-4.9pp	8.0%
Return on Assets	1.5%+4.1pp	-2.6%-4.3pp	1.7%	N/A
Current Ratio	1.02-0.0	1.05-0.2	1.20	N/A
Debt-to-Equity	13.05-0.4	13.42+13.2	0.22	N/A
FCF Margin	6.0%+0.1pp	5.9%+0.7pp	5.2%-5.2pp	10.4%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	9.8%-1.1pp	10.9%+1.1pp	9.8%-3.7pp	13.5%+2.8pp	10.6%+0.8pp	9.8%+3.3pp	6.5%+3.8pp	2.7%
Net Margin	2.3%-1.8pp	4.1%+2.4pp	1.7%-2.0pp	3.7%+1.7pp	2.0%-0.5pp	2.5%+3.4pp	-0.9%+15.1pp	-16.0%
Return on Equity	7.9%-5.0pp	12.9%+6.7pp	6.2%-12.5pp	18.7%+10.8pp	8.0%-2.8pp	10.8%	N/A	N/A
Return on Assets	0.5%-0.3pp	0.8%+0.5pp	0.3%-0.4pp	0.7%+0.4pp	0.4%-0.1pp	0.5%+0.6pp	-0.2%+2.9pp	-3.1%
Current Ratio	1.02-0.0	1.05+0.0	1.03+0.0	1.02-0.1	1.070.0	1.07+0.0	1.050.0	1.05
Debt-to-Equity	8.45+0.4	8.05-2.3	10.30-2.8	13.05+2.0	11.01-0.7	11.68+1.6	10.10-3.3	13.42
FCF Margin	-0.4%+3.5pp	-4.0%-13.6pp	9.6%+4.0pp	5.6%-2.3pp	7.9%+9.2pp	-1.3%-13.2pp	11.8%+14.6pp	-2.7%

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Frequently Asked Questions

What is NCR Atleos Corp's annual revenue?

NCR Atleos Corp (NATL) reported $4.3B in total revenue for fiscal year 2024. This represents a 2.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is NCR Atleos Corp's revenue growing?

NCR Atleos Corp (NATL) revenue grew by 2.8% year-over-year, from $4.2B to $4.3B in fiscal year 2024.

Is NCR Atleos Corp profitable?

Yes, NCR Atleos Corp (NATL) reported a net income of $80.0M in fiscal year 2024, with a net profit margin of 1.9%.

What is NCR Atleos Corp's earnings per share (EPS)?

NCR Atleos Corp (NATL) reported diluted earnings per share of $1.08 for fiscal year 2024. This represents a 150.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is NCR Atleos Corp's EBITDA?

NCR Atleos Corp (NATL) had EBITDA of $675.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does NCR Atleos Corp have?

As of fiscal year 2024, NCR Atleos Corp (NATL) had $419.0M in cash and equivalents against $2.9B in long-term debt.

What is NCR Atleos Corp's operating margin?

NCR Atleos Corp (NATL) had an operating margin of 10.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is NCR Atleos Corp's net profit margin?

NCR Atleos Corp (NATL) had a net profit margin of 1.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is NCR Atleos Corp's return on equity (ROE)?

NCR Atleos Corp (NATL) has a return on equity of 36.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is NCR Atleos Corp's free cash flow?

NCR Atleos Corp (NATL) generated $257.0M in free cash flow during fiscal year 2024. This represents a 4.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is NCR Atleos Corp's operating cash flow?

NCR Atleos Corp (NATL) generated $344.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are NCR Atleos Corp's total assets?

NCR Atleos Corp (NATL) had $5.5B in total assets as of fiscal year 2024, including both current and long-term assets.

What are NCR Atleos Corp's capital expenditures?

NCR Atleos Corp (NATL) invested $87.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does NCR Atleos Corp spend on research and development?

NCR Atleos Corp (NATL) invested $62.0M in research and development during fiscal year 2024.

How many shares does NCR Atleos Corp have outstanding?

NCR Atleos Corp (NATL) had 73M shares outstanding as of fiscal year 2024.

What is NCR Atleos Corp's current ratio?

NCR Atleos Corp (NATL) had a current ratio of 1.02 as of fiscal year 2024, which is considered adequate.

What is NCR Atleos Corp's debt-to-equity ratio?

NCR Atleos Corp (NATL) had a debt-to-equity ratio of 13.05 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is NCR Atleos Corp's return on assets (ROA)?

NCR Atleos Corp (NATL) had a return on assets of 1.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is NCR Atleos Corp's Altman Z-Score?

NCR Atleos Corp (NATL) has an Altman Z-Score of 1.44, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is NCR Atleos Corp's Piotroski F-Score?

NCR Atleos Corp (NATL) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are NCR Atleos Corp's earnings high quality?

NCR Atleos Corp (NATL) has an earnings quality ratio of 4.30x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can NCR Atleos Corp cover its interest payments?

NCR Atleos Corp (NATL) has an interest coverage ratio of 1.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is NCR Atleos Corp?

NCR Atleos Corp (NATL) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.