NCR Atleos Corp NATL
NCR Atleos Corporation ("Atleos," the "Company," "we," "us," and "our") is an industry-leading financial technology company providing self-directed banking solutions to a global customer base including financial institutions, merchants, manufacturers, retailers and consumers. Self-directed banking is a rapidly growing, secular trend that allows banking customers to transact seamlessly between various channels all for the same transaction. Our comprehensive solutions enable the acceleration of self-directed banking through automated teller machine ("ATM") and interactive teller machine ("ITM") technology, including software, services, hardware and our proprietary Allpoint network. While we provide all our solutions on a modular basis, we have also assembled these capabilities into a turnkey, end-to-end platform which we have branded "ATM as a Service." On October 16, 2023, we completed our separation from NCR Corporation (now known as NCR Voyix Corporation or "Voyix" and referred to as "NCR" prior to the Separation) and launched as an independent publicly-traded company (the "Separation" or "Spin-off"). Additional information about the Separation can be found in Note 1, "Basis of Presentation and Significant Accounting Policies", in Part II, Item 8 of this Annual Report on Form 10-K.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $4.35B | $4.30B | $4.19B | $4.12B | $3.55B | — |
| R&D | $70.0M | $62.0M | $80.0M | $64.0M | $107.0M | — |
| SG&A | $513.0M | $521.0M | $585.0M | $586.0M | $537.0M | — |
| Total operating expenses | $3.88B | $3.87B | $3.92B | $3.86B | $3.30B | — |
| Operating income | $478.0M | $437.0M | $263.0M | $258.0M | $248.0M | — |
| Interest expense | $270.0M | $309.0M | $90.0M | $31.0M | $49.0M | — |
| Pre-tax income | $189.0M | $125.0M | $89.0M | $146.0M | $251.0M | — |
| Income tax | $27.0M | $44.0M | $237.0M | $48.0M | $64.0M | — |
| Net income | $162.0M | $80.0M | -$150.0M | $99.0M | $186.0M | — |
| EPS, basic | 2.20 | 1.11 | -2.12 | 1.40 | 2.63 | — |
| EPS, diluted | 2.14 | 1.08 | -2.12 | 1.40 | 2.63 | — |
| Shares, diluted (wtd. avg.) | $75.6M | $74.2M | $70.6M | $70.6M | $70.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $456.0M | $419.0M | $339.0M | $499.0M | $470.0M | $170.0M |
| Receivables | $550.0M | $581.0M | $707.0M | $455.0M | — | — |
| Inventory | $342.0M | $307.0M | $333.0M | $419.0M | — | — |
| Total current assets | $1.82B | $1.75B | $1.86B | $1.65B | — | — |
| Property, plant and equipment | $511.0M | $474.0M | $468.0M | $412.0M | — | — |
| Goodwill | $1.96B | $1.95B | $1.95B | $1.95B | $1.91B | — |
| Other intangibles | $498.0M | $550.0M | $635.0M | $729.0M | — | — |
| Total assets | $5.67B | $5.54B | $5.70B | $5.77B | — | — |
| Accounts payable | $617.0M | $564.0M | $505.0M | — | — | — |
| Short-term debt | $86.0M | $81.0M | $76.0M | — | — | — |
| Total current liabilities | $1.90B | $1.72B | $1.77B | $1.37B | — | — |
| Long-term debt | $2.67B | $2.86B | $2.94B | — | — | — |
| Total liabilities | $5.27B | $5.31B | $5.48B | $2.51B | — | — |
| Retained earnings | $299.0M | $188.0M | $117.0M | $0 | — | — |
| Total equity | $403.0M | $219.0M | $222.0M | $3.25B | $2.33B | $905.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $356.0M | $344.0M | $355.0M | $274.0M | $449.0M | — |
| Depreciation and amortisation | $277.0M | $287.0M | $254.0M | $127.0M | $72.0M | — |
| Stock-based compensation | $34.0M | $38.0M | $68.0M | $66.0M | $82.0M | — |
| Capital expenditure | $117.0M | $87.0M | $108.0M | $58.0M | $80.0M | — |
| Investing cash flow | -$116.0M | -$135.0M | -$316.0M | -$417.0M | -$2.49B | — |
| Financing cash flow | -$253.0M | -$134.0M | $31.0M | $183.0M | $2.35B | — |
| Buybacks | $28.0M | $0 | $0 | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-012576.
Others in SIC 3578
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| DBD | DIEBOLD NIXDORF, Inc | $2.33B | 27.0x | 1.5% |
| VYX | NCR Voyix Corp | $1.26B | 30.5x | -4.6% |
| PAR | PAR TECHNOLOGY CORP | $817.7M | — | 30.2% |