Is the business good?
How good a business is VYX?
NCR Voyix Corporation earns 1.2% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
1.2%
Return on invested capital · cost of capital 9.0% · 7.8 points below what the capital costs: growth destroys value
- Operating margin
- 1.0%
Operating margin · Information Technology Services median 7.9% · 12 months to Q1 2026
- Share count, year on year
- −0.64%
Share count, year on year · flat: no meaningful dilution
- R&D as % of revenue
- 5.8%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | 3.6% |
| FY2021 | 0.36% |
| FY2022 | −1.6% |
| FY2023 | −4.2% |
| FY2024 | −1.4% |
| FY2025 | 0.97% |
Details›
- Operating margin12 months to Q1 2026
- 1.0%
- Net margin12 months to Q1 2026
- 2.6%
- Free cash flow margin
- −8.0%
- R&D as % of revenue
- 5.8%
- Revenue, trailing twelve months
- $2.68B
- Free cash flow, trailing twelve months
- −$214M
- Net income, trailing twelve months
- $70M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 1.2%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Information Technology Services
Ranks #29 of 37 by Smart Score