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Development of the Business 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 t…
10.98% operating margin is respectable but not wide. ROIC at 13.55%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue growth slowed to 1.1%, essentially flat. This is a business that needs a catalyst.
Net debt of $2.49B represents 10.4x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$4.42B
▲ +1.1% YoY
Net Income (TTM)
$170M
▲ +102.5% YoY
Op. Margin
10.62%
▲ +0.8pp YoY
ROIC
13.16%
▲ +1.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$109M
▼ -7.0% YoY
Op. Cash Flow (TTM)
$224M
▲ +3.5% YoY
Net Debt
$2.50B
Cash & Equiv.
$433M
3Y CAGR: +1.8%
3Y CAGR: +3.4%
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