NCR Atleos (NATL)
Market Price (6/20/2026): $43.65 | Market Cap: $3.2 BilSector: Financials | Industry: Transaction & Payment Processing Services
NCR Atleos (NATL)
Market Price (6/20/2026): $43.65Market Cap: $3.2 BilSector: FinancialsIndustry: Transaction & Payment Processing Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.5% Low stock price volatilityVol 12M is 38% Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Automation & Robotics. Themes include Digital Payments, Cash Access Solutions, Show more. | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 78% Key risksNATL key risks include [1] cybersecurity and data privacy vulnerabilities and [2] a substantial level of indebtedness with variable interest rates that limits financial flexibility. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.5% |
| Low stock price volatilityVol 12M is 38% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Automation & Robotics. Themes include Digital Payments, Cash Access Solutions, Show more. |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 78% |
| Key risksNATL key risks include [1] cybersecurity and data privacy vulnerabilities and [2] a substantial level of indebtedness with variable interest rates that limits financial flexibility. |
Qualitative Assessment
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NCR Atleos (NATL) stock has remained largely at the same level since 2/28/2026 because of the following key factors:
1. Mixed First Quarter 2026 Financial Results with EPS Miss. NCR Atleos reported its Q1 2026 earnings on May 6, 2026, revealing a mixed performance that likely contributed to the stock's flat trend. The company's adjusted Earnings Per Share (EPS) of $0.65 missed analysts' consensus estimates of $0.89 by $0.24, representing a 25.5% miss. Despite this, total revenue increased by 7% year-over-year to $1.04 billion, exceeding analysts' revenue estimates by 0.9%. However, operating cash flow turned negative, with a $9 million outflow compared to a $123 million inflow in the prior year, and Adjusted EBITDA remained flat at $172 million, impacted by margin pressures. This combination of revenue growth and an EPS miss, coupled with cash flow and margin concerns, provided no clear catalyst for a sustained upward or downward movement.
2. Uncertainty and Lack of Financial Outlook Due to Pending Acquisition. The ongoing planned merger with The Brink's Company, expected to close in the first quarter of 2027, created a "wait and see" environment for investors. NCR Atleos is set to receive $30.00 in cash plus 0.1574 Brink's shares per Atleos share, contingent on approvals. Critically, due to this pending transaction, NCR Atleos did not host an earnings conference call for Q1 2026 and opted not to issue a financial outlook for the future. This absence of forward guidance and the extended timeline for the acquisition's completion likely contributed to the stock maintaining a relatively stable level as market participants await clarity on the combined entity's prospects.
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NCR Atleos (NATL) stock has remained largely at the same level since 2/28/2026 because of the following key factors:
1. Mixed First Quarter 2026 Financial Results with EPS Miss. NCR Atleos reported its Q1 2026 earnings on May 6, 2026, revealing a mixed performance that likely contributed to the stock's flat trend. The company's adjusted Earnings Per Share (EPS) of $0.65 missed analysts' consensus estimates of $0.89 by $0.24, representing a 25.5% miss. Despite this, total revenue increased by 7% year-over-year to $1.04 billion, exceeding analysts' revenue estimates by 0.9%. However, operating cash flow turned negative, with a $9 million outflow compared to a $123 million inflow in the prior year, and Adjusted EBITDA remained flat at $172 million, impacted by margin pressures. This combination of revenue growth and an EPS miss, coupled with cash flow and margin concerns, provided no clear catalyst for a sustained upward or downward movement.
2. Uncertainty and Lack of Financial Outlook Due to Pending Acquisition. The ongoing planned merger with The Brink's Company, expected to close in the first quarter of 2027, created a "wait and see" environment for investors. NCR Atleos is set to receive $30.00 in cash plus 0.1574 Brink's shares per Atleos share, contingent on approvals. Critically, due to this pending transaction, NCR Atleos did not host an earnings conference call for Q1 2026 and opted not to issue a financial outlook for the future. This absence of forward guidance and the extended timeline for the acquisition's completion likely contributed to the stock maintaining a relatively stable level as market participants await clarity on the combined entity's prospects.
3. Neutral Analyst Sentiment and Price Targets. Throughout the specified period, analyst sentiment remained largely neutral, anchoring the stock within a defined range. As of late May 2026, six Wall Street analysts maintained a consensus "Hold" rating for NATL, with no "Buy" or "Sell" recommendations. The average twelve-month price target was $50.27, with a tight range between $50.00 and $50.40, implying a modest upside of approximately 13% from the stock's trading price of $44.46 on June 1, 2026. Furthermore, in late February 2026, at the beginning of the analyzed period, multiple firms, including Wedbush and DA Davidson, downgraded their ratings from "Buy" or "Strong Buy" to "Hold" and adjusted their price targets, setting a more cautious tone for the stock's near-term performance.
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Stock Movement Drivers
Fundamental Drivers
The -1.5% change in NATL stock from 2/28/2026 to 6/19/2026 was primarily driven by a -6.2% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 6192026 | Change |
|---|---|---|---|
| Stock Price ($) | 44.28 | 43.63 | -1.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,356 | 4,420 | 1.5% |
| Net Income Margin (%) | 3.9% | 4.0% | 3.2% |
| P/E Multiple | 19.5 | 18.2 | -6.2% |
| Shares Outstanding (Mil) | 74 | 74 | 0.3% |
| Cumulative Contribution | -1.5% |
Market Drivers
2/28/2026 to 6/19/2026| Return | Correlation | |
|---|---|---|
| NATL | -1.5% | |
| Market (SPY) | 9.2% | 51.4% |
| Sector (XLF) | 4.7% | 48.9% |
Fundamental Drivers
The 17.7% change in NATL stock from 11/30/2025 to 6/19/2026 was primarily driven by a 36.3% change in the company's Net Income Margin (%).| (LTM values as of) | 11302025 | 6192026 | Change |
|---|---|---|---|
| Stock Price ($) | 37.07 | 43.63 | 17.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,312 | 4,420 | 2.5% |
| Net Income Margin (%) | 2.9% | 4.0% | 36.3% |
| P/E Multiple | 21.7 | 18.2 | -15.9% |
| Shares Outstanding (Mil) | 74 | 74 | 0.1% |
| Cumulative Contribution | 17.7% |
Market Drivers
11/30/2025 to 6/19/2026| Return | Correlation | |
|---|---|---|
| NATL | 17.7% | |
| Market (SPY) | 9.9% | 35.0% |
| Sector (XLF) | 1.3% | 42.3% |
Fundamental Drivers
The 64.6% change in NATL stock from 5/31/2025 to 6/19/2026 was primarily driven by a 59.3% change in the company's Net Income Margin (%).| (LTM values as of) | 5312025 | 6192026 | Change |
|---|---|---|---|
| Stock Price ($) | 26.51 | 43.63 | 64.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,240 | 4,420 | 4.2% |
| Net Income Margin (%) | 2.5% | 4.0% | 59.3% |
| P/E Multiple | 18.3 | 18.2 | -0.2% |
| Shares Outstanding (Mil) | 73 | 74 | -0.7% |
| Cumulative Contribution | 64.6% |
Market Drivers
5/31/2025 to 6/19/2026| Return | Correlation | |
|---|---|---|
| NATL | 64.6% | |
| Market (SPY) | 28.1% | 33.3% |
| Sector (XLF) | 6.7% | 34.9% |
Fundamental Drivers
nullnull
Market Drivers
5/31/2023 to 6/19/2026| Return | Correlation | |
|---|---|---|
| NATL | ||
| Market (SPY) | 85.7% | 43.1% |
| Sector (XLF) | 77.0% | 41.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NATL Return | - | - | 14% | 40% | 12% | 13% | 102% |
| Peers Return | -6% | -27% | 22% | 10% | 8% | -9% | -9% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 98% |
Monthly Win Rates [3] | |||||||
| NATL Win Rate | - | - | 100% | 42% | 50% | 50% | |
| Peers Win Rate | 53% | 39% | 64% | 46% | 54% | 46% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| NATL Max Drawdown | - | - | - | -23% | -34% | -12% | |
| Peers Max Drawdown | -31% | -47% | -35% | -25% | -29% | -29% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DBD, BCO, EEFT, VYX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/18/2026 (YTD)
How Low Can It Go
| Event | NATL | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -24.8% | -18.8% |
| % Gain to Breakeven | 33.0% | 23.1% |
| Time to Breakeven | 118 days | 79 days |
In The Past
NCR Atleos's stock fell -24.8% during the 2025 US Tariff Shock. Such a loss loss requires a 33.0% gain to breakeven.
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| Event | NATL | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -24.8% | -18.8% |
| % Gain to Breakeven | 33.0% | 23.1% |
| Time to Breakeven | 118 days | 79 days |
In The Past
NCR Atleos's stock fell -24.8% during the 2025 US Tariff Shock. Such a loss loss requires a 33.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About NCR Atleos (NATL)
NCR Atleos Corporation (NATL) is a global financial technology company with operations across the Americas, Europe, the Middle East, Africa, and Asia Pacific. A core part of its business, the Self-Service Banking segment, provides comprehensive solutions to financial institutions. This includes a full line of automated teller machine (ATM) and interactive teller machine (ITM) hardware and software, alongside essential installation, maintenance, and managed services to help financial institutions efficiently run their ATM channels end-to-end.
The company's Network segment operates a broad network of ATMs and multi-functioning financial services kiosks, primarily serving financial institutions, fintechs, neobanks, and retailers. Key offerings in this segment include the Allpoint network for cardholders, ReadyCode for converting digital value to cash or vice versa, ATM branding solutions, and ATM management services for retailers. This segment also facilitates the buying and selling of Bitcoins.
Furthermore, NCR Atleos's Telecommunications & Technology (T&T) segment offers managed network and infrastructure services to enterprise clients across various industries. Through communication service providers and technology manufacturers, this segment delivers professional, field, and remote services for advanced network technologies such as software-defined wide area networking (SD-WAN), network functions virtualization (NFV), wireless local area networks (WLAN), optical networking, and edge networks.
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Here are a few analogies for NCR Atleos:
They are like a specialized Fiserv or Fidelity National Information Services (FIS), entirely focused on building, managing, and networking ATMs and self-service banking solutions for financial institutions.
Think of them as the 'Cisco for ATMs and bank self-service,' providing the essential hardware, software, and managed services that power a significant portion of the world's cash infrastructure.
They operate a bit like Visa or Mastercard for physical cash access, running extensive ATM networks (like Allpoint) and providing comprehensive ATM services to banks and retailers.
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- ATM & ITM Solutions: Provides hardware, software, installation, maintenance, and managed services for Automated Teller Machines (ATMs) and Interactive Teller Machines (ITMs).
- ATM Channel Management: Offers comprehensive solutions for financial institutions to manage and optimize their entire ATM channel operations, including back office and cash management.
- ATM Network Services: Operates a broad network of ATMs and multi-functioning financial services kiosks for various institutions and retailers, including ATM branding solutions.
- Allpoint Network: Manages a large surcharge-free ATM network for credit unions, banks, digital banks, and other consumer financial services providers.
- Digital-to-Cash / Cash-to-Digital Conversion (ReadyCode): Facilitates the conversion of digital value to cash or cash to digital value through its ReadyCode service.
- Cryptocurrency Transactions: Provides services for the buying and selling of Bitcoins.
- Managed Network & Infrastructure Services: Offers managed network and infrastructure services to enterprise clients across various industries.
- Professional & Field Services for Network Technologies: Delivers professional, field, and remote services for modern network technologies, including software-defined wide area networking and wireless local area networks.
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NCR Atleos (NATL) primarily sells its solutions and services to other companies. Its major customer categories include:
- Financial Institutions: This broad category encompasses banks, credit unions, digital banks, neobanks, stored-value debit card issuers, and other consumer financial services providers. They are customers for ATM and ITM hardware, software, installation, maintenance, managed and professional services, and access to the Allpoint network.
- Fintechs: These companies utilize NCR Atleos's network of ATMs and multi-functioning financial services kiosks.
- Retailers and Other Businesses: For these customers, NCR Atleos provides ATM management and services, and serves as enterprise clients across various industries for managed network and infrastructure services.
- Communications Service Providers and Technology Manufacturers: These clients engage NCR Atleos for managed network and infrastructure services, as well as professional, field, and remote services for modern network technologies like SD-WAN, NFV, and wireless local area networks.
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Timothy C. Oliver, President and Chief Executive Officer
Timothy C. Oliver was appointed President and Chief Executive Officer of NCR Atleos on October 16, 2023. Prior to this, he served as Chief Financial Officer for NCR (now NCR Voyix) from July 2020 to October 2023. Mr. Oliver has a three-decade career as a seasoned corporate finance executive. His previous roles include Chief Financial Officer of Springs Window Fashions, and President and CFO of The Goldstein Group, a private conglomerate. He also held senior-level finance positions with MEMC, Metavante Technologies, Rockwell Automation, and Raytheon. He began his career in operational finance at AlliedSignal and was a bond trader at Bear Stearns & Co.
Andy Wamser, Executive Vice President and Chief Financial Officer
Andy Wamser joined NCR Atleos as Executive Vice President and Chief Financial Officer in January 2025. Before joining NCR Atleos, Mr. Wamser was the Senior Vice President and CFO for BlueLinx Corporation from 2023 to 2025. He also served as Executive Vice President and CFO at Mativ from 2018 to 2023. His experience includes roles at AutoNation as Vice President, Finance, Treasurer, and Investor Relations, and nearly a decade in senior-level investment banking roles at Barclays Capital and UBS Investment Bank.
Stuart Mackinnon, Executive Vice President and Chief Operating Officer
Stuart Mackinnon is the Executive Vice President and Chief Operating Officer for NCR Atleos, responsible for the execution of the company's business operations and strategies. His oversight includes the development, management, and consulting of services, hardware, software solutions, and customer experience across Self-service Banking, Retail Network, As a Service, and Technology and Telecom businesses. Before this role, he was Executive Vice President, ATM Group, NCR Banking, and prior to joining NCR, he served as Executive Vice President of Technology and Chief Information Officer at Cardtronics. He is also a board member for Clip Money.
Ricardo Nuñez, Executive Vice President, General Counsel, Secretary and Chief Compliance Officer
Ricardo Nuñez serves as Executive Vice President, General Counsel, Secretary, and Chief Compliance Officer for NCR Atleos. Prior to joining NCR Atleos, Mr. Nuñez held the position of Chief Legal Officer, Chief Compliance Officer, and Corporate Secretary of Mativ Holdings, Inc. (formerly SWM International, Inc.). During his tenure at Mativ, he led the legal team for the spin-off of Mativ's Engineered Papers business, its acquisition of Scapa, and SWM's merger and rebranding with Neenah Paper.
Andrea Burson, Executive Vice President and Chief Human Resources Officer
Andrea Burson is the Executive Vice President and Chief Human Resources Officer for NCR Atleos.
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The key risks to NCR Atleos's business are multifaceted, primarily stemming from evolving market dynamics in financial technology and intense competition.
- Declining ATM Usage and Shift to Digital Payments: NCR Atleos's core Self-Service Banking and Network segments are heavily reliant on Automated Teller Machines (ATMs) and cash transactions. However, there is an ongoing global trend of declining ATM usage and cash withdrawals due to the increasing adoption of digital payment methods, mobile wallets, and contactless payments. This shift impacts the company's revenue from interchange fees and necessitates a costly adaptation of its physical infrastructure to support new digital functionalities or "ATM as a Service" models. The fixed and rising operational costs of maintaining ATM fleets, coupled with decreasing transaction volumes, create significant financial pressure on this core business area.
- Intense Competition in Financial Technology (FinTech) and Telecommunications & Technology (T&T) Markets: NCR Atleos operates in highly competitive environments across all its segments. In financial technology, the company faces significant competition from a diverse range of players, including established financial institutions, nimble FinTech startups, and large technology companies, all vying for market share in services like deposits, lending, payments, and wealth management. This intense competition can lead to erosion of traditional revenue sources, challenges in customer acquisition and retention, and pressure to continuously innovate. Similarly, its Telecommunications & Technology segment faces a competitive landscape for managed network and infrastructure services, demanding constant technological advancement and differentiation to maintain relevance and market position.
- Cybersecurity Risks: As a global financial technology and telecommunications company handling sensitive data and critical infrastructure, NCR Atleos is inherently exposed to significant and evolving cybersecurity threats. These risks include data breaches, hacking, ransomware attacks, and other malicious activities that could compromise its systems, services, or customer data. A successful cyberattack could lead to substantial financial losses, reputational damage, regulatory penalties, and a loss of customer trust, impacting all areas of its business operations.
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The widespread and accelerating adoption of digital payment methods (e.g., mobile wallets, contactless payments, peer-to-peer apps) and the increasing prevalence of digital-first banking models, which reduce the public's reliance on cash and the need for traditional ATM infrastructure.
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NCR Atleos (symbol: NATL) operates in several addressable markets related to financial technology and telecommunications. Here's an overview of the market sizes for their main products and services:
Self-Service Banking (ATM and ITM Solutions, Managed Services)
- The global ATM market size was estimated at approximately USD 25.29 billion in 2024 and is projected to reach USD 31.64 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 3.6% from 2025 to 2030. North America held the largest share of 31.34% in the global ATM market in 2024. Other estimates place the global ATM market size at USD 25.3 billion in 2025, projected to reach USD 36.4 billion by 2034 with a CAGR of 3.98% during 2026-2034, with North America dominating with over 35.3% in 2025.
- The broader global self-service technology market, which includes ATMs and ITMs, was valued at USD 41.0 billion in 2024 and is expected to reach USD 73.0 billion by 2033, growing at a CAGR of 6.3% during 2025-2033. North America leads this market with a 39.02% revenue share in 2025.
- For ATM managed services, sometimes known as ATM-as-a-service, the global market size was calculated at USD 9.13 billion in 2025 and is predicted to increase to approximately USD 21.26 billion by 2035, expanding at a CAGR of 8.82% from 2026 to 2035. The U.S. ATM managed services market size is estimated at USD 2.60 billion in 2025 and is expected to reach nearly USD 6.18 billion in 2035. The global ATM as a Service market size was estimated at USD 7.16 billion in 2024, with North America holding over 40% of the global revenue (approximately USD 2.86 billion) in 2024.
Network (ATM Networks, Bitcoin ATMs, Cash Management)
- While a specific market size for the "Allpoint network" was not explicitly found, it operates within the larger ATM services market, which was USD 23.23 billion in 2025 and is expected to grow to USD 31.23 billion in 2030, at a CAGR of 6%.
- The global crypto ATM market size, relevant to NCR Atleos's Bitcoin buying and selling services, was valued at US$ 181 million in 2023 and is forecasted to reach US$ 16.85 billion by 2033, exhibiting a significant CAGR of 57%. North America held a leading market share of 45% in the crypto ATM market in 2022. Another report indicates the global crypto ATM market size was valued at USD 356.72 million in 2025 and is projected to grow to USD 18,127.56 million by 2034, with North America dominating with an 88.70% share in 2025.
- The global cash management system market, which includes solutions for managing and running the ATM channel and other related services, was valued at USD 20.3 billion in 2024 and is poised to grow to USD 62.16 billion by 2033, at a CAGR of 13.24% during 2026–2033. Another source estimates the global cash management system market size at USD 3.61 billion in 2023, expected to reach USD 14.81 billion by 2033, at a CAGR of 15.16%.
Telecommunications & Technology (Managed Network and Infrastructure Services)
- The global managed network services market size was valued at USD 75.69 billion in 2024 and is expected to reach USD 150.28 billion by 2032, at a CAGR of 8.95%. North America is a significant market, expected to dominate with a 35.22% market share. Other projections estimate the global managed network services market at US$ 70.87 billion in 2023, forecasted to reach US$ 154.44 billion by the end of 2033, growing at a CAGR of 8.1%.
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NCR Atleos (NATL) is expected to drive future revenue growth over the next two to three years through several key strategic initiatives:
- Accelerated Growth in ATM-as-a-Service (ATMaaS): NCR Atleos is strategically transitioning into a software-led ATM service company with a strong focus on recurring revenue streams through its ATM-as-a-Service model. This segment is anticipated to continue its robust expansion, with management projecting approximately 40% growth in 2026. This model provides comprehensive solutions including ATM/ITM hardware, software, installation, maintenance, and managed services, aiming to generate more revenue per machine. The company has reported significant growth in ATMaaS revenue, with a 33% increase in 2025 and 37% year-over-year growth in Q3 2025.
- Expansion of Network Services and Increased Transaction Volume: The company's Network segment is a significant driver, leveraging its extensive network of ATMs and multi-functioning financial services kiosks. Efforts to expand this network, such as increasing access for cardholders (e.g., UnionPay in the UK) and forging new partnerships, are expected to boost transaction volumes. NCR Atleos aims to progressively increase the types of transactions and the number of users across its ATM base, thereby driving higher revenue per unit. The company reported a 9% year-over-year increase in withdrawal volumes in the Network segment in Q3 2024.
- Sustained Demand for Self-Service Banking Hardware Coupled with Recurring Services and Software: Despite the shift towards a service-led model, strong demand for NCR Atleos's ATM hardware continues to be a revenue contributor. This hardware demand is crucial as it generates multi-year recurring revenue from attached services and subscription software. The Self-Service Banking segment saw a 7% revenue growth in 2025, driven significantly by a 14% increase in hardware sales and a 33% rise in ATM-as-a-Service growth.
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Share Repurchases
- NCR Atleos announced a $200 million share repurchase program in August 2025, set to run over a two-year period.
- The company repurchased 1.2 million shares for $44 million through February 2026.
- The share repurchase program was suspended in February 2026 following the announcement of the agreement to be acquired by The Brink's Company.
Share Issuance
- As of February 21, 2025, there were 73,041,674 shares of common stock issued and outstanding.
- Stock-based compensation, which is a form of equity issuance, amounted to $34 million in fiscal year 2025 and $38 million in fiscal year 2024.
Inbound Investments
- NCR Atleos entered into a definitive agreement to be acquired by The Brink's Company in February 2026 for approximately $6.6 billion.
- Under the terms of the acquisition, NCR Atleos shareholders are to receive $30.00 in cash and 0.1574 shares of Brink's common stock for each of their shares.
Outbound Investments
- NCR Atleos made an investment in Clip Money to integrate business deposit solutions into its network.
Capital Expenditures
- Capital expenditures were approximately $117 million in fiscal year 2025 and $87 million in fiscal year 2024.
- The company invested approximately $10 million for network fleet upgrades and $16 million for ATM as a Service (AaaS) machines in the fourth quarter of 2024.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 65.84 |
| Mkt Cap | 2.9 |
| Rev LTM | 4,340 |
| Op Inc LTM | 470 |
| FCF LTM | 254 |
| FCF 3Y Avg | 284 |
| CFO LTM | 317 |
| CFO 3Y Avg | 456 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.3% |
| Rev Chg 3Y Avg | 6.6% |
| Rev Chg Q | 6.5% |
| QoQ Delta Rev Chg LTM | 1.5% |
| Op Inc Chg LTM | 26.2% |
| Op Inc Chg 3Y Avg | 17.1% |
| Op Mgn LTM | 10.6% |
| Op Mgn 3Y Avg | 9.6% |
| QoQ Delta Op Mgn LTM | -0.4% |
| CFO/Rev LTM | 8.2% |
| CFO/Rev 3Y Avg | 9.6% |
| FCF/Rev LTM | 6.6% |
| FCF/Rev 3Y Avg | 5.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.9 |
| P/S | 0.7 |
| P/Op Inc | 7.0 |
| P/EBIT | 6.9 |
| P/E | 18.2 |
| P/CFO | 5.9 |
| Total Yield | 5.5% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 9.6% |
| D/E | 1.1 |
| Net D/E | 0.7 |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Self-Service Banking | 2,881 | 2,685 | 2,581 | 2,582 |
| Network | 1,265 | 1,284 | 1,267 | 1,198 |
| Telecommunications & Technology (T&T) | 168 | 194 | 196 | 219 |
| Other | 40 | 142 | 147 | 123 |
| Other adjustment | 9 | |||
| Total | 4,354 | 4,305 | 4,191 | 4,131 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Self-Service Banking | 751 | 629 |
| Network | 359 | 402 |
| Telecommunications & Technology (T&T) | 31 | 35 |
| Other income and expenses not allocated to segments | 1 | |
| Other (income) expense items, net | -4 | |
| Stock-based compensation expense | -34 | -22 |
| Voyix environmental indemnification expense | -51 | -14 |
| Acquisition-related amortization of intangibles | -95 | |
| Depreciation and amortization expense | -168 | |
| Corporate income and expenses not allocated to segments | -312 | -300 |
| Interest expense | -309 | |
| Pension mark-to-market adjustments | 38 | |
| Transformation and restructuring | -22 | |
| Total | 478 | 437 |
Price Behavior
| Market Price | $43.63 | |
| Market Cap ($ Bil) | 3.2 | |
| First Trading Date | 10/17/2023 | |
| Distance from 52W High | -9.3% | |
| 50 Days | 200 Days | |
| DMA Price | $44.54 | $40.77 |
| DMA Trend | up | indeterminate |
| Distance from DMA | -2.0% | 7.0% |
| 3M | 1YR | |
| Volatility | 16.1% | 38.3% |
| Downside Capture | 38.07 | 65.97 |
| Upside Capture | 30.05 | 101.32 |
| Correlation (SPY) | 51.1% | 32.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.90 | 0.64 | 0.69 | 0.89 | 1.12 | 0.05 |
| Up Beta | 2.25 | 1.15 | 0.59 | 0.92 | 1.13 | -0.02 |
| Down Beta | 1.66 | 1.47 | 1.03 | 1.82 | 1.79 | -0.08 |
| Up Capture | 21% | 14% | 47% | 66% | 112% | 77% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 9 | 21 | 27 | 60 | 133 | 336 |
| Down Capture | 43% | 17% | 78% | 41% | 73% | 94% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 11 | 20 | 36 | 63 | 115 | 317 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NATL | |
|---|---|---|---|---|
| NATL | 58.9% | 38.3% | 1.29 | - |
| Sector ETF (XLF) | 8.3% | 14.6% | 0.33 | 34.7% |
| Equity (SPY) | 26.5% | 12.4% | 1.61 | 32.7% |
| Gold (GLD) | 24.2% | 27.5% | 0.77 | 2.9% |
| Commodities (DBC) | 19.8% | 18.8% | 0.83 | -10.4% |
| Real Estate (VNQ) | 11.0% | 13.7% | 0.52 | 28.6% |
| Bitcoin (BTCUSD) | -40.0% | 42.5% | -1.08 | 22.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NATL | |
|---|---|---|---|---|
| NATL | 14.9% | 40.1% | 0.74 | - |
| Sector ETF (XLF) | 9.3% | 18.6% | 0.37 | 42.0% |
| Equity (SPY) | 13.5% | 17.1% | 0.62 | 43.2% |
| Gold (GLD) | 17.1% | 18.3% | 0.76 | 3.6% |
| Commodities (DBC) | 7.5% | 19.4% | 0.29 | 2.7% |
| Real Estate (VNQ) | 1.9% | 18.9% | 0.00 | 30.5% |
| Bitcoin (BTCUSD) | 11.0% | 54.2% | 0.40 | 21.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NATL | |
|---|---|---|---|---|
| NATL | 7.2% | 40.1% | 0.74 | - |
| Sector ETF (XLF) | 13.0% | 22.2% | 0.54 | 42.0% |
| Equity (SPY) | 15.3% | 18.0% | 0.73 | 43.2% |
| Gold (GLD) | 12.3% | 16.1% | 0.63 | 3.6% |
| Commodities (DBC) | 5.9% | 18.0% | 0.26 | 2.7% |
| Real Estate (VNQ) | 5.3% | 20.7% | 0.22 | 30.5% |
| Bitcoin (BTCUSD) | 60.0% | 66.8% | 1.00 | 21.9% |
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Returns Analyses
Earnings Returns History
Updated 6/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | -1.2% | -0.1% | -1.4% |
| 2/26/2026 | 5.8% | 10.7% | 2.5% |
| 11/5/2025 | -7.5% | -3.7% | -3.2% |
| 8/6/2025 | 15.0% | 18.4% | 23.2% |
| 5/7/2025 | -6.5% | -7.3% | -8.5% |
| 3/3/2025 | -3.7% | -6.4% | 1.3% |
| 11/12/2024 | 4.8% | 2.1% | 16.7% |
| 8/13/2024 | -6.5% | -7.0% | -8.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 5 | 4 | 5 |
| # Negative | 6 | 7 | 6 |
| Median Positive | 5.8% | 14.6% | 16.7% |
| Median Negative | -5.8% | -6.5% | -8.6% |
| Max Positive | 15.0% | 26.7% | 23.2% |
| Max Negative | -7.5% | -9.3% | -11.2% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | -1.2% | -0.1% | -1.4% |
| 2/26/2026 | 5.8% | 10.7% | 2.5% |
| 11/5/2025 | -7.5% | -3.7% | -3.2% |
| 8/6/2025 | 15.0% | 18.4% | 23.2% |
| 5/7/2025 | -6.5% | -7.3% | -8.5% |
| 3/3/2025 | -3.7% | -6.4% | 1.3% |
| 11/12/2024 | 4.8% | 2.1% | 16.7% |
| 8/13/2024 | -6.5% | -7.0% | -8.7% |
| 5/13/2024 | 13.4% | 26.7% | 22.8% |
| 2/14/2024 | -5.1% | -9.3% | -11.2% |
| 11/14/2023 | 2.0% | -6.5% | -9.1% |
| SUMMARY STATS | |||
| # Positive | 5 | 4 | 5 |
| # Negative | 6 | 7 | 6 |
| Median Positive | 5.8% | 14.6% | 16.7% |
| Median Negative | -5.8% | -6.5% | -8.6% |
| Max Positive | 15.0% | 26.7% | 23.2% |
| Max Negative | -7.5% | -9.3% | -11.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/26/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 09/05/2023 | 10-Q |
| 03/31/2023 | 08/03/2023 | 10-12B/A |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/26/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 09/05/2023 | 10-Q |
| 03/31/2023 | 08/03/2023 | 10-12B/A |
Insider Activity
Updated 5/26/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Frymire, Michelle M | Direct | Sell | 11212025 | 35.02 | 8,786 | 307,686 | 379,547 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Frymire, Michelle M | Direct | Sell | 11212025 | 35.02 | 8,786 | 307,686 | 379,547 | Form |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Transaction & Payment Processing Services Resources |
| PYMNTS |
| Payments Dive |
| The Paypers |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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