📊 NATL Key Takeaways
Is NATL a Good Investment? Thesis Analysis
NCR Atleos is a financially distressed company with dangerous leverage (6.63x Debt/Equity), weak liquidity (0.96x current ratio), and anemic growth (1.1% revenue, 0% net income), offset only by positive free cash flow generation. The capital structure appears designed for financial engineering rather than operational value creation.
Why Buy NATL? Key Strengths
- Positive free cash flow of $239M supports debt servicing and provides operational flexibility
- Operating margin of 11% demonstrates reasonable operational efficiency within mature business model
- Consistent cash generation with 5.5% FCF margin on $4.4B revenue base
NATL Investment Risks to Consider
- Critical liquidity stress: current ratio of 0.96x means current liabilities exceed current assets, creating short-term solvency risk
- Extreme leverage: 6.63x Debt/Equity ratio with $2.7B debt against only $403M equity leaves minimal safety margin for operational deterioration
- Stagnant growth: 1.1% revenue growth and 0% net income growth indicate mature/declining business with no expansion catalyst
Key Metrics to Watch
- Quarterly operating cash flow trend and debt repayment pace relative to $2.7B long-term debt burden
- Current ratio movement toward 1.0+ threshold to assess liquidity trajectory
- Revenue and operating income growth acceleration to validate business stability given minimal historical growth
NATL Financial Metrics
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
NATL Profitability Ratios
NATL vs Technology Sector
How NCR Atleos Corp compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is NATL Overvalued or Undervalued?
Based on fundamental analysis, NCR Atleos Corp has mixed fundamental signals relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
NATL Balance Sheet & Liquidity
NATL 5-Year Financial Trend & Growth Analysis
5-Year Trend Summary: NCR Atleos Corp's revenue has shown modest growth of 4% over the 5-year period. The most recent EPS of $-2.12 indicates the company is currently unprofitable.
NATL Growth Metrics (YoY)
NATL Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $1.1B | $21.0M | $0.28 |
| Q2 2025 | $1.1B | $23.0M | $0.31 |
| Q1 2025 | $980.0M | -$8.0M | $-0.11 |
| Q3 2024 | $1.1B | $24.0M | $0.32 |
| Q2 2024 | $1.0B | $21.0M | $0.29 |
| Q1 2024 | $986.0M | -$8.0M | $-0.11 |
| Q3 2023 | $1.0B | $31.0M | $0.44 |
| Q2 2023 | $1.0B | $20.0M | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
NATL Capital Allocation
NATL SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for NCR Atleos Corp (CIK: 0001974138)
📋 Recent SEC Filings
❓ Frequently Asked Questions about NATL
What is the AI rating for NATL?
NCR Atleos Corp (NATL) has an AI rating of SELL with 78% confidence, based on fundamental analysis of SEC EDGAR filings.
What are NATL's key strengths?
Claude: Positive free cash flow of $239M supports debt servicing and provides operational flexibility. Operating margin of 11% demonstrates reasonable operational efficiency within mature business model.
What are the risks of investing in NATL?
Claude: Critical liquidity stress: current ratio of 0.96x means current liabilities exceed current assets, creating short-term solvency risk. Extreme leverage: 6.63x Debt/Equity ratio with $2.7B debt against only $403M equity leaves minimal safety margin for operational deterioration.
What is NATL's revenue and growth?
NCR Atleos Corp reported revenue of $4.4B.
Does NATL pay dividends?
NCR Atleos Corp does not currently pay dividends.
Where can I find NATL SEC filings?
Official SEC filings for NCR Atleos Corp (CIK: 0001974138) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is NATL's EPS?
NCR Atleos Corp has a diluted EPS of $2.14.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is NATL a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, NCR Atleos Corp has a SELL rating with 78% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is NATL stock overvalued or undervalued?
Valuation metrics for NATL: ROE of 40.2% (sector avg: 22%), net margin of 3.7% (sector avg: 18%). Higher ROE suggests strong returns relative to peers.
Should I buy NATL stock in 2026?
Our dual AI analysis gives NCR Atleos Corp a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is NATL's free cash flow?
NCR Atleos Corp's operating cash flow is $356.0M, with capital expenditures of $117.0M. FCF margin is 5.5%.
How does NATL compare to other Technology stocks?
Vs Technology sector averages: Net margin 3.7% (avg: 18%), ROE 40.2% (avg: 22%), current ratio 0.96 (avg: 2.5).