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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $4.4B | $736M | $162M | $200M | 40.2% | 1.1% | 102.5% |
| 2024 | $4.3B | $721M | $80M | $205M | 36.5% | 2.8% | -153.3% |
| 2023 | $4.2B | $433M | $-150M | $223M | -68.5% | 1.6% | -251.5% |
| 2022 | $4.1B | $436M | $99M | $177M | 3.0% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 4,122 | 4,186 | 4,305 | 4,354 |
| Operating Revenue | - | 4,122 | 4,186 | 4,305 | 4,354 |
| Cost Of Revenue | - | 3,214 | 3,258 | 3,285 | 3,293 |
| Gross Profit | - | 908 | 928 | 1,020 | 1,061 |
| Operating Expense | - | 650 | 665 | 583 | 583 |
| Research And Development | - | 64 | 80 | 62 | 70 |
| Selling General And Administration | - | 586 | 585 | 521 | 513 |
| Total Expenses | - | 3,864 | 3,923 | 3,868 | 3,876 |
| Operating Income | - | 258 | 263 | 437 | 478 |
| Total Operating Income As Reported | - | 258 | 263 | 437 | 478 |
| EBITDA | - | 436 | 433 | 721 | 736 |
| Normalized EBITDA | - | 445 | 476 | 778 | 774 |
| EBIT | - | 177 | 179 | 434 | 459 |
| Interest Income | - | 0 | 5 | 7 | 6 |
| Interest Expense | - | 31 | 90 | 309 | 270 |
| Net Interest Income | - | -31 | -100 | -317 | -279 |
| Other Non Operating Income Expenses | - | -72 | -32 | 62 | 28 |
| Other Income Expense | - | -81 | -75 | 5 | -10 |
| Interest Income Non Operating | - | 0 | 5 | 7 | 6 |
| Interest Expense Non Operating | - | 31 | 90 | 309 | 270 |
| Net Non Operating Interest Income Expense | - | -31 | -100 | -317 | -279 |
| Pretax Income | - | 146 | 89 | 125 | 189 |
| Tax Provision | - | 48 | 237 | 44 | 27 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -2.96 | -9.03 | -20.06 | -5.40 |
| Net Income Continuous Operations | - | 98 | -148 | 81 | 162 |
| Net Income From Continuing And Discontinued Operation | - | 99 | -150 | 80 | 162 |
| Net Income From Continuing Operation Net Minority Interest | - | 99 | -150 | 80 | 162 |
| Net Income | - | 99 | -150 | 80 | 162 |
| Net Income Common Stockholders | - | 99 | -150 | 80 | 162 |
| Net Income Including Noncontrolling Interests | - | 98 | -148 | 81 | 162 |
| Normalized Income | - | 105.04 | -116.03 | 116.94 | 194.60 |
| Diluted NI Availto Com Stockholders | - | 99 | -150 | 80 | 162 |
| Basic Average Shares | - | 70.60 | 70.60 | 72.20 | 73.50 |
| Diluted Average Shares | - | 70.60 | 70.60 | 74.20 | 75.60 |
| Reconciled Depreciation | - | 259 | 254 | 287 | 277 |
| Reconciled Cost Of Revenue | - | 3,214 | 3,258 | 3,285 | 3,293 |
| Total Unusual Items | - | -9 | -33 | -57 | -38 |
| Total Unusual Items Excluding Goodwill | - | -9 | -33 | -57 | -38 |
| Minority Interests | - | 1 | -2 | -1 | 0 |
| Special Income Charges | - | 0 | 0 | -38 | -28 |
| Other Special Charges | - | - | - | 38 | 28 |
| Gain On Sale Of Security | - | -9 | -33 | -19 | -10 |
| General And Administrative Expense | - | 586 | 585 | 521 | 513 |
| Other Gand A | - | 586 | 585 | 521 | 513 |
| Salaries And Wages | - | 63 | 22 | -60 | - |
| Total Other Finance Cost | - | - | 15 | 15 | 15 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| NCR Atleos Corporationthis co. | NATL | $3.3B | 20.14β discount | 8.10 | 40.2% | 7.75 |
| Insight Enterprises, Inc. | NSIT | $3.6B | 22.81 | 2.18 | 9.5% | 11.55 |
| Adeia Inc. | ADEA | $3.6B | 32.13 | 7.43 | 23.1% | 16.36 |
| Sunrun Inc. | RUN | $3.5B | 7.86 | 1.13 | 14.4% | 32.03 |
| OSI Systems, Inc. | OSIS | $3.5B | 23.42 |
| - |
| - |
| - |
| - |
| - |
| - |
| 3.68 |
| 15.7% |
| 15.50 |
| Knowles Corporation | KN | $3.4B | 76.19 | 4.34 | 5.7% | 30.44 |
| Teradata Corporation | TDC | $3.3B | 25.25 | 14.27 | 56.5% | 11.38 |
| Benchmark Electronics, Inc. | BHE | $3.2B | 127.80 | 2.89 | 2.3% | 24.46 |
| NetScout Systems, Inc. | NTCT | $3.0B | 31.58 | 1.83 | 5.8% | 13.51 |
| Peer Median | - | 28.42 | 3.29 | 12.0% | 15.93 | |