NCR Atleos Corporation (NATL) Stock

NCR Atleos Corporation (NATL) is a Technology stock trading at $46.80 (as of 2026-08-20), with a market capitalization of $3.45B and a trailing P/E of 34.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

NCR Atleos Corporation provides self-directed banking products and services, including ATM hardware/software, ATM-related installation, maintenance and managed services, and an ATM-as-a-service offering. It also operates ATM and financial services kiosk networks and related solutions, serving financial institutions, retailers, and other business and consumer financial services providers.

Understand NCR Atleos Corporation: how it makes money

NCR Atleos provides self-directed banking solutions, including ATM hardware and software, plus installation, maintenance, managed and professional services, and ATM as a service, sold to financial institutions and other merchants, manufacturers, retailers, and consumers.

The profit engine is structured around recurring revenue (measured by ARR and recurring revenue) delivered through banking solutions and related services, supplemented by segment revenues tied to self-service banking and network operations.

Revenue by segment (latest quarter)
Self-Service Banking$0.7B
Network$0.3B
T&T$0.0B

Business quality (Weak): Based on the provided quarter snapshot (revenue about $1.0B, operating margin 8.1%), the company’s operating performance can be linked to recurring revenue metrics (ARR and recurring revenue) and service revenue, with the main limitation that gross margin details are not provided.

Valuation: At 20× earnings, NATL trades 38% below the Tech Hardware average (32×). Note: one-time items can distort reported P/E.

Bull case

  • Recurring revenue base is explicitly tracked: The company reports ARR (USD_B) of 1.69, and NCR Atleos Recurring Revenue of 1.67 for the period referenced by the data provided.
  • Meaningful services component: Service Revenue is listed at 0.82 USD_B, aligning with the company’s offerings that include installation, maintenance, managed, and professional services, plus ATM as a service.

Bear case

  • Revenue concentration in one segment: From the segment revenue candidates provided, Self-Service Banking is 0.74 USD_B compared with T&T at 0.04 USD_B.
  • Not all margin detail is available in the provided facts: Gross margin percent is not provided, which limits the ability to assess profitability drivers beyond operating margin.
Valuation — source: SEC EDGAR (first-party)
Price$46.80
Market Cap$3.45B
P/E Ratio34.9
EV / EBITDA6.3
Price / Book8.72
Price / Sales0.81
FCF Yield4.4%
DCF Value (model)$65.61
DCF Upside vs Price40.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$4.35B
Net Margin3.7%
Revenue Growth (YoY)1.1%
EPS Growth (YoY)98.2%
FCF Growth (YoY)-7.0%
Financial Health — source: SEC EDGAR
Altman Z-Score1.50 (distress)
Valuation vs Sector & Industry
Stock P/E34.9
Sector P/E (Technology)33.9
Industry P/E (Computers)32.1
vs Sector2.8%
vs Industry8.7%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($461.12M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryComputers
CEOTimothy C. Oliver
Employees20,000
CountryUS
IPO Date2023-11-30

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NATL earnings history · NATL institutional & insider holders · NATL KPIs & operating metrics · NATL financials · NATL investor presentations & press releases · NATL SEC filings · NATL peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.