Is the business good?
How good a business is NATL?
NCR Atleos Corporation earns 14% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
14%
Return on invested capital · cost of capital 9.0% · 5.1 points above what the capital costs: growth creates value
- Operating margin
- 11%
Operating margin · Software - Application median 8.2% · 12 months to Q2 2026
- Cash conversion
- 0.81×
Cash conversion · 1.70× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- +1.2%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2021 | 7.0% |
| FY2022 | 6.3% |
| FY2023 | 6.3% |
| FY2024 | 10% |
| FY2025 | 11% |
Details›
- Operating margin12 months to Q2 2026
- 11%
- Net margin12 months to Q2 2026
- 4.4%
- Free cash flow margin
- 3.6%
- R&D as % of revenue
- 1.7%
- Revenue, trailing twelve months
- $4.42B
- Free cash flow, trailing twelve months
- $159M
- Net income, trailing twelve months
- $196M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 14%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Software - Application
Ranks #46 of 90 by Smart Score