VYXNYSECalculating & Accounting Machines (No Electronic Computers)Fiscal year ends December 31Also trades as NCRRP
NCR Voyix Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$7.77+0.19 (+2.51%)
Close on Oct 19, 2026
- Market cap
- $1.07B
- P/E (TTM)
- 21.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Operating margin
1.0%−2.6 pts over 5 years
Net margin
2.3%+3.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -4.6% | -5.4% | -15.4% | -8.3% | |
| Operating income | – | – | -34.8% | -15.2% | |
| Net income | -93.5% | +1.1% | – | – | |
| EPS, diluted | -95.4% | -2.1% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 38.2% | -7.3% | 6.6% | |
| Return on assets | 3.5% | -0.9% | 1.5% | |
| Current ratio | 1.40 | 1.19 | 1.04 | |
| Debt to equity | 4.39 | 3.13 | 1.16 | |
| Net debt to EBITDA | 2.50× | 4.91× | 3.38× | |
| Interest coverage | 4.0× | 1.0× | 0.4× | |
| Inventory turnover | 3.1× | – | – | |
| Capex to revenue | 1.1% | 0.5% | 6.1% | |
| Diluted shares | 129M | 128M | 141M |
Where the cash went
Fiscal 2021 to 2025, five years combined
NCR Voyix generated $2.47B from operations and spent $1.09B on capital expenditure, dividends and share buybacks. 88% of that went back into the business.
Generated
$2.47B
Used
$1.09B
Capital expenditure$957.00M88%Dividends$00%Share buybacks$130.00M12%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.3%
×Asset turnover0.64×
×Equity multiplier4.45×
=Return on equity, FY20256.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 2.3% | 0.64× | 4.45× | 6.6% |
| FY2024 | 34.0% | 0.60× | 9.86× | 200.0% |
| FY2023 | -13.5% | 0.38× | 10.96× | -56.9% |
| FY2022 | 1.9% | 0.27× | 8.46× | 4.4% |
| FY2021 | 2.6% | 0.37× | 8.70× | 8.4% |
| FY2020 | -1.3% | 0.71× | 8.09× | -7.3% |
| FY2019 | 8.2% | 0.83× | 11.17× | 75.3% |
| FY2018 | -1.4% | 0.83× | 13.84× | -15.8% |
| FY2017 | 3.6% | 0.85× | 10.84× | 32.8% |
| FY2016 | 4.1% | 0.85× | 10.82× | 38.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$62.00M
- Cash generatingOperating cash flow above zero-$210.00M
- Return on assets improvedROA up on the prior year19.2% → 1.4%
- Earnings backed by cashOperating cash flow above net income-$210.00M vs $62.00M
- Less leverageLong-term debt to assets fell24.7% → 28.1%
- Better liquidityCurrent ratio rose1.18 → 1.04
- No dilutionShare count did not rise145M → 141M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.56 → 0.60