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What this page is: Delvantic's full research page for NCR Atleos Corporation (NATL) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.

Page map (sections in order; each card carries a stable reference-name attribute you can cite):

  • profile-header / price-overview — company profile, live quote, market cap
  • extended-analysis — the core: three AI lens reads with findings, scores, and the analyst memo
  • future-predictions — our forward price-band predictions
  • market-narrative / ai-findings / gpt-critique — narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)
  • Members-only sections (render as login gates for anonymous readers): price-history, income-trend, key-metrics, financials (statement tables), insider-trading. The analysis above is public; the raw data tables require a free account.

More for machine readers: site briefing at /llms.txt · any ticker resolves at delvantic.com/stock/TICKER · raw inputs are public-company filings and market data (via licensed data feeds); every model, score, lens read, and prediction on this page is Delvantic's own analysis.

NCR Atleos Corporation

NATL NYSE GICS Category PDF
Technology · Software - Application
Atlanta, GA 30308, United States ncratleos.com Updated Aug 11, 9:53am
Price
$46.58
Market Cap
$3.4B
Employees
20,000
Beta
0.57
Avg Volume
708,970
CEO
Mr. Timothy C. Oliver

NCR Atleos Corporation is a financial technology company specializing in self-service banking solutions and ATM network operations. The primary function of NCR Atleos is to expand self-service financial access, enabling financial institutions and retailers worldwide to optimize their operations by automating banking transactions through ATMs and interactive teller machines. Notably, the company operates the world’s largest independently-owned ATM network, providing extensive global reach for both banking organizations and consumers seeking convenient cash access and transaction capabilities. NCR Atleos offers products and services through three main segments: Self-Service Banking (including ATM hardware, software, and managed services), Payments & Network (providing access to the Allpoint retail-based ATM network), and Telecommunications and Technology (managed network and infrastructure services for enterprise clients). Its platform is instrumental in accelerating the shift to digital-first financial experiences, optimizing branch efficiency, and delivering 24/7 availability for financial services. Headquartered in Atlanta, Georgia, and employing approximately 20,000 people globally, NCR Atleos continues to play a significant role in shaping the landscape of modern financial services infrastructure and self-service banking technology.

Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 11
No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Aug 5, 2026.
EPS surprise history — vs analyst consensus · 4 prints of vendor history
+9.6%
Feb '26
-25.3%
May '26
-55.6%
Jul '26
+52.0%
Aug '26
Print date EPS est. EPS actual Revenue est. Revenue actual
Aug 5, 2026 $0.98 $1.49 +52.0% — —
Jul 17, 2026 $-0.09 $-0.14 -55.6% — —
May 6, 2026 $0.87 $0.65 -25.3% — —
Feb 26, 2026 $1.36 $1.49 +9.6% — —

Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.

Recent SEC Filings
Filed Form Document
Aug 5, 2026 10-Q View
Aug 5, 2026 8-K View
Jul 1, 2026 4 View
Jun 30, 2026 8-K View
Jun 18, 2026 425 View
Jun 18, 2026 8-K View
Jun 18, 2026 425 View
May 27, 2026 DEFM14A View
May 26, 2026 4 View
May 26, 2026 4 View
May 26, 2026 4 View
May 26, 2026 4 View

Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.

Price Overview
Last updated: Aug 11, 2026 9:53am (just now)
Current data · timestamped when a report runs
$46.58
Change · Aug 11
+0.18 (+0.39%)
Day Range
$46.25 – $46.96
52-Week Range
$33.31 – $48.50
50-Day MA
$45.32
200-Day MA
$42.00
Volume
312.00
Share Structure
Outstanding 73,800,000.00
Float 73,329,406.00
Free Float 99.4%
High free float — 99.4% of shares trade freely, ~0.6% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Last updated: Aug 11, 2026 9:53am (just now)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Last updated: Aug 7, 2026 3:17am (4d ago)
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
TD Twelve Data statement HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEX
Stock Price / EPS (Diluted)
21.77
Stock Price: $46.58
EPS (Diluted): 2.14
P/B Ratio (Price vs net asset value)
HEX
Stock Price / Book Value Per Share
8.76
Stock Price: $46.58
Total Equity: $402.00M
Shares: 75,600,000
EV/EBITDA (Total value vs operating profit)
HEX
Enterprise Value / EBITDA
7.60
Market Cap: $3.43B
Total Debt: $2.76B
Cash: $456.00M
EBITDA: $755.00M
Enterprise Value (Takeover price (cap + debt - cash))
HEX
Market Cap + Total Debt - Cash
$5.7B
Market Cap: $3.43B
Total Debt: $2.76B
Cash: $456.00M
Gross Margin (Revenue left after direct costs)
HEX
Gross Profit / Revenue
—
Gross Profit: N/A
Revenue: $4.35B
Missing from API: Gross Profit
Operating Margin (Revenue left after all operations)
HEX
Operating Income / Revenue
11.0%
Operating Income: $478.00M
Revenue: $4.35B
Net Margin (Revenue left as actual profit)
HEX
Net Income / Revenue
3.7%
Net Income: $162.00M
Revenue: $4.35B
ROE (Profit from shareholder equity)
HEX
Net Income / Total Equity
40.3%
Net Income: $162.00M
Total Equity: $402.00M
ROIC (Profit from all invested capital)
HEX
NOPAT / Invested Capital
15.2%
Operating Income: $478.00M
Tax Rate: 14.3%
Equity: $402.00M
Total Debt: $2.76B
Cash: $456.00M
Current Ratio (Can it pay short-term bills)
HEX
Current Assets / Current Liabilities
0.96
Current Assets: $1.82B
Current Liabilities: $1.90B
Debt/Equity (Leverage — debt vs equity)
HEX
Total Debt / Total Equity
6.86
Short-Term Debt: $86.00M
Long-Term Debt: $2.67B
Total Debt: $2.76B
Total Equity: $402.00M
Rev/Share (Top-line per share)
HEX
Revenue / Shares Outstanding
$57.59
Revenue: $4.35B
Shares: 75,600,000
Book Value/Share (Net assets per share)
HEX
(Total Assets - Total Liabilities) / Shares
$5.32
Total Equity: $402.00M
Shares: 75,600,000
FCF/Share (Real cash generated per share)
HEX
(Operating Cash Flow + CapEx) / Shares
$3.16
Operating CF: $356.00M
CapEx: -$117.00M
Shares: 75,600,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TD
Last Annual Dividend / Stock Price
—
Last Dividend: $0.00
Stock Price: $46.58
Payout Ratio (Earnings paid out as dividends)
HEX
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $162.00M
Dividends paid not available in cash flow statement
Income Statement (Annual)
Last updated: Aug 7, 2026 3:17am (4d ago)
Metric 2021 2022 2023 2024 2025
Revenue $3.5B $4.1B $4.2B $4.3B $4.4B
Cost of Revenue — — — — —
Gross Profit — — — — —
Operating Expenses $3.3B $3.9B $3.9B $3.9B $3.9B
Operating Income $248.0M $258.0M $271.0M $437.0M $478.0M
Net Income $186.0M $99.0M -$134.0M $80.0M $162.0M
EBITDA — — $525.0M $724.0M $755.0M
EPS $2.63 $1.40 $-1.90 $1.11 $2.20
EPS (Diluted) $2.63 $1.40 $-1.90 $1.08 $2.14
Balance Sheet (Annual)
Last updated: Aug 7, 2026 3:17am (4d ago)
Metric 2024 2024 2024 2024 2025
Cash & Equivalents — — — $419.0M $456.0M
Total Current Assets — — — $1.7B $1.8B
Total Assets — — — $5.5B $5.7B
Current Liabilities — — — $1.7B $1.9B
Long-Term Debt — — — $2.9B $2.7B
Total Liabilities — — — $5.3B $5.3B
Total Equity $230.0M $211.0M $220.0M $223.0M $402.0M
Retained Earnings — — — $188.0M $299.0M
Cash Flow (Annual)
Last updated: Aug 7, 2026 3:17am (4d ago)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $449.0M $274.0M $355.0M $344.0M $356.0M
Capital Expenditure -$80.0M -$58.0M -$108.0M -$87.0M -$117.0M
Free Cash Flow $369.0M $216.0M $247.0M $257.0M $239.0M
Acquisitions (net) -$2.3B -$78.0M -$1.0M $0 -$17.0M
Net Debt Issued / (Repaid) $0 $0 $1.3B $0 $0
Dividends Paid — — — — —
Stock Buybacks — — $0 $0 -$28.0M
Net Change in Cash $300.0M $29.0M $87.0M $55.0M $3.0M
Growth Trends (YoY %)
Last updated: Aug 7, 2026 3:17am (4d ago)
Metric 2022 2023 2024 2025
Revenue Growth +16.1% +1.7% +2.7% +1.1%
Gross Profit Growth — — — —
Operating Income Growth +4.0% +5.0% +61.3% +9.4%
Net Income Growth -46.8% -235.4% +159.7% +102.5%
EBITDA Growth — — +37.9% +4.3%
Industry Benchmarks
Compares NATL against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor (founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for NATL — it's generated by the pipeline (market-narrative step).
Claude Reading
Claude Opus reviews the pipeline's raw data + every prior verdict, then writes an independent take.
No AI findings yet for NATL — they're generated by the pipeline (ai-findings step) when a report is run on this ticker.
GPT Reading
GPT reads the identical raw briefing blind — one of the Big-3 independent readings — and commits to its own verdict.
No GPT reading yet for NATL — it's generated by the pipeline (gpt-critique step) after the other Big-3 seats, when a report is run on this ticker.
Grok Reading
Grok (xAI) reads the identical raw briefing blind — one of the Big-3 independent readings — and commits to its own verdict.
No Grok reading yet for NATL — it's generated by the pipeline (grok-critique step) alongside the other Big-3 seats, when a report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
A separate, manually-run forensic pipeline (dilution, earnings quality, liquidity → two scored lenses → the play). Hasn't been run for this ticker yet.
Community AI Feedback
No community reviews yet for NATL. Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.525 · a5aac093 · 2026-08-10 20:52:14