NATL NCR Atleos Corp

Overview and Growth

In fiscal 2025, NCR Atleos Corp recorded $4.35B of revenue, net income of $162.00M, and an operating cash inflow of $356.00M. The $4.35B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $4.30B in fiscal 2024, revenue recorded a 1.1% year-over-year increase. On a per-share basis, diluted EPS was $2.14, which connects the reported earnings outcome with the company’s diluted share count. The per-share result recorded a 98.1% increase from fiscal 2024 diluted EPS of $1.08. Asset turnover was 0.77x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Operating income was $478.00M, the earnings remaining from reported operations after the company’s recognized operating cost structure. The operating result equaled 11.0% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. The bottom-line result was net income of $162.00M, after the operating, financing, tax, and other items recognized for the period. Measured against reported revenue, net income produced a 3.7% margin after operating costs and the remaining recognized items. Before income taxes, the company reported $189.00M of earnings, providing a bridge between the operating result and final net income. Measured against revenue, pretax income equaled 4.3%, adding a pre-tax profitability layer between revenue and net income. The company recognized $27.00M of income tax for the period, completing the transition from pretax income to net income. Relative to pretax income, the tax provision measured 14.3%, quantifying the portion of pre-tax earnings paid in income tax. The relationship between net income and period-end equity was 40.3%, indicating the profitability achieved on book capital. The net-income-to-assets relationship measured 2.9%, showing earnings relative to the full balance sheet.

Liquidity and Capital Structure

Total assets were $5.67B, supported by $5.27B of liabilities and $402.00M of shareholder equity. At period end, current assets of $1.82B compared with current liabilities of $1.90B, defining the company’s short-term resource position. Current assets covered only 0.96x of current liabilities, so current liabilities exceeded current assets at period end. Reported cash and equivalents were $456.00M, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 24.0% of current liabilities, showing how much near-term coverage came from cash alone. Borrowings totaled $2.76B, adding a fixed financing obligation alongside the company’s equity capital. The debt-to-equity relationship was 6.86x, showing how much debt the company carried for each unit of book equity. Relative to total assets, debt measured 48.7%, showing how much of the asset base was matched by borrowing. Liabilities represented 92.9% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 8.0%, comparing reported cash and equivalents with the full positive asset balance. Compared with $5.54B in fiscal 2024, the current asset base moved 2.4% and finished higher.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $356.00M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Against net income, operating cash flow measured 2.2x, showing the relationship between accrual earnings and operating cash. The cash-flow statement records $117.00M of capital expenditures, the investment amount considered after operating cash generation. Capital expenditures represented 32.9% of operating cash flow, leaving the remainder available as free cash flow. Free cash flow came to $239.00M, leaving a positive amount after capital expenditures. Free cash flow represented 5.5% of revenue, linking post-investment cash generation with the company’s operating scale. Free cash flow equaled 4.2% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.