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DBD vs PAX vs BX vs NATL
Revenue, margins, valuation, and 5-year total return — side by side.
Asset Management
Asset Management
Software - Application
DBD vs PAX vs BX vs NATL — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Software - Application | Asset Management | Asset Management | Software - Application |
| Market Cap | $2.75B | $1.92B | $95.85B | $3.26B |
| Revenue (TTM) | $3.86B | $384M | $13.83B | $4.38B |
| Net Income (TTM) | $110M | $86M | $3.02B | $174M |
| Gross Margin | 26.0% | 96.2% | 86.0% | 24.1% |
| Operating Margin | 8.0% | 34.2% | 51.9% | 5.7% |
| Forward P/E | 14.4x | 8.4x | 20.5x | 9.1x |
| Total Debt | $1.17B | $199M | $13.31B | $225M |
| Cash & Equiv. | $387M | $54M | $2.63B | $456M |
DBD vs PAX vs BX vs NATL — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Dec 23 | May 26 | Return |
|---|---|---|---|
| Diebold Nixdorf, In… (DBD) | 100 | 272.4 | +172.4% |
| Patria Investments … (PAX) | 100 | 77.6 | -22.4% |
| Blackstone Inc. (BX) | 100 | 93.4 | -6.6% |
| NCR Atleos Corporat… (NATL) | 100 | 182.2 | +82.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: DBD vs PAX vs BX vs NATL
Each card shows where this stock fits in a portfolio — not just who wins on paper.
DBD is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 1.5%, EPS growth 6.8%, 3Y rev CAGR 3.2%
- 289.1% 10Y total return vs BX's 476.1%
- +79.3% vs BX's -6.5%
PAX carries the broadest edge in this set and is the clearest fit for sleep-well-at-night and defensive.
- Lower volatility, beta 1.09, Low D/E 31.4%, current ratio 0.98x
- Beta 1.09, yield 5.0%, current ratio 0.98x
- Lower P/E (8.4x vs 9.1x)
- 22.3% margin vs DBD's 2.8%
BX is the #2 pick in this set and the best alternative if income & stability and valuation efficiency is your priority.
- Dividend streak 2 yrs, beta 1.53, yield 6.3%
- PEG 0.98 vs PAX's 2.99
- 21.6% NII/revenue growth vs NATL's 0.9%
- 6.3% yield, 2-year raise streak, vs PAX's 5.0%, (2 stocks pay no dividend)
NATL lags the leaders in this set but could rank higher in a more targeted comparison.
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 21.6% NII/revenue growth vs NATL's 0.9% | |
| Value | Lower P/E (8.4x vs 9.1x) | |
| Quality / Margins | 22.3% margin vs DBD's 2.8% | |
| Stability / Safety | Beta 1.09 vs BX's 1.53, lower leverage | |
| Dividends | 6.3% yield, 2-year raise streak, vs PAX's 5.0%, (2 stocks pay no dividend) | |
| Momentum (1Y) | +79.3% vs BX's -6.5% | |
| Efficiency (ROA) | 6.5% ROA vs DBD's 2.9%, ROIC 16.1% vs 14.0% |
DBD vs PAX vs BX vs NATL — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
DBD vs PAX vs BX vs NATL — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
PAX leads in 1 of 6 categories
NATL leads 1 • DBD leads 1 • BX leads 1 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
PAX leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BX is the larger business by revenue, generating $13.8B annually — 36.0x PAX's $384M. PAX is the more profitable business, keeping 22.3% of every revenue dollar as net income compared to DBD's 2.8%.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $3.9B | $384M | $13.8B | $4.4B |
| EBITDAEarnings before interest/tax | $400M | $174M | $7.2B | $357M |
| Net IncomeAfter-tax profit | $110M | $86M | $3.0B | $174M |
| Free Cash FlowCash after capex | $266M | $268M | $3.5B | $82M |
| Gross MarginGross profit ÷ Revenue | +26.0% | +96.2% | +86.0% | +24.1% |
| Operating MarginEBIT ÷ Revenue | +8.0% | +34.2% | +51.9% | +5.7% |
| Net MarginNet income ÷ Revenue | +2.8% | +22.3% | +21.8% | +4.0% |
| FCF MarginFCF ÷ Revenue | +6.9% | +67.3% | +12.6% | +1.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | +6.0% | — | — | +6.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +163.6% | -40.5% | +41.3% | +26.1% |
Valuation Metrics
Evenly matched — DBD and PAX and NATL each lead in 2 of 7 comparable metrics.
Valuation Metrics
At 20.7x trailing earnings, NATL trades at a 34% valuation discount to BX's 31.5x P/E. Adjusting for growth (PEG ratio), BX offers better value at 1.51x vs PAX's 7.92x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $2.7B | $1.9B | $95.8B | $3.3B |
| Enterprise ValueMkt cap + debt − cash | $3.5B | $2.1B | $106.5B | $3.0B |
| Trailing P/EPrice ÷ TTM EPS | 31.05x | 22.30x | 31.53x | 20.68x |
| Forward P/EPrice ÷ next-FY EPS est. | 14.37x | 8.42x | 20.50x | 9.14x |
| PEG RatioP/E ÷ EPS growth rate | — | 7.92x | 1.51x | — |
| EV / EBITDAEnterprise value multiple | 7.64x | 15.74x | 14.77x | 4.02x |
| Price / SalesMarket cap ÷ Revenue | 0.72x | 5.01x | 6.93x | 0.75x |
| Price / BookPrice ÷ Book value/share | 2.66x | 3.00x | 4.37x | 8.32x |
| Price / FCFMarket cap ÷ FCF | 10.43x | 7.44x | 54.93x | 13.66x |
Profitability & Efficiency
NATL leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
NATL delivers a 47.0% return on equity — every $100 of shareholder capital generates $47 in annual profit, vs $10 for DBD. PAX carries lower financial leverage with a 0.31x debt-to-equity ratio, signaling a more conservative balance sheet compared to DBD's 1.06x. On the Piotroski fundamental quality scale (0–9), DBD scores 6/9 vs BX's 5/9, reflecting solid financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +10.1% | +14.4% | +14.3% | +47.0% |
| ROA (TTM)Return on assets | +2.9% | +6.3% | +6.5% | +3.1% |
| ROICReturn on invested capital | +14.0% | +12.5% | +16.1% | +23.4% |
| ROCEReturn on capital employed | +14.1% | +13.9% | +16.9% | +12.5% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 6 | 5 | 6 |
| Debt / EquityFinancial leverage | 1.06x | 0.31x | 0.61x | 0.56x |
| Net DebtTotal debt minus cash | $787M | $145M | $10.7B | -$231M |
| Cash & Equiv.Liquid assets | $387M | $54M | $2.6B | $456M |
| Total DebtShort + long-term debt | $1.2B | $199M | $13.3B | $225M |
| Interest CoverageEBIT ÷ Interest expense | 6.68x | 7.45x | 14.12x | 2.62x |
Total Returns (Dividends Reinvested)
DBD leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in DBD five years ago would be worth $38,342 today (with dividends reinvested), compared to $10,537 for PAX. Over the past 12 months, DBD leads with a +79.3% total return vs BX's -6.5%. The 3-year compound annual growth rate (CAGR) favors DBD at 56.5% vs PAX's -0.5% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +23.3% | -23.4% | -21.3% | +18.9% |
| 1-Year ReturnPast 12 months | +79.3% | +14.9% | -6.5% | +50.3% |
| 3-Year ReturnCumulative with dividends | +283.4% | -1.4% | +65.9% | +97.8% |
| 5-Year ReturnCumulative with dividends | +283.4% | +5.4% | +59.0% | +97.8% |
| 10-Year ReturnCumulative with dividends | +289.1% | -19.3% | +476.1% | +99.0% |
| CAGR (3Y)Annualised 3-year return | +56.5% | -0.5% | +18.4% | +25.5% |
Risk & Volatility
Evenly matched — PAX and NATL each lead in 1 of 2 comparable metrics.
Risk & Volatility
PAX is the less volatile stock with a 1.09 beta — it tends to amplify market swings less than BX's 1.53 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NATL currently trades 91.3% from its 52-week high vs BX's 64.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.21x | 1.09x | 1.53x | 1.16x |
| 52-Week HighHighest price in past year | $89.05 | $17.80 | $190.09 | $48.50 |
| 52-Week LowLowest price in past year | $43.61 | $10.86 | $101.73 | $23.56 |
| % of 52W HighCurrent price vs 52-week peak | +88.6% | +67.6% | +64.3% | +91.3% |
| RSI (14)Momentum oscillator 0–100 | 47.4 | 54.1 | 54.8 | 54.3 |
| Avg Volume (50D)Average daily shares traded | 460K | 885K | 7.1M | 1.2M |
Analyst Outlook
BX leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: DBD as "Buy", PAX as "Buy", BX as "Buy", NATL as "Hold". Consensus price targets imply 49.5% upside for PAX (target: $18) vs 13.9% for NATL (target: $50). For income investors, BX offers the higher dividend yield at 6.30% vs PAX's 5.00%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Hold |
| Price TargetConsensus 12-month target | $100.00 | $18.00 | $156.29 | $50.40 |
| # AnalystsCovering analysts | 13 | 5 | 29 | 4 |
| Dividend YieldAnnual dividend ÷ price | — | +5.0% | +6.3% | — |
| Dividend StreakConsecutive years of raises | 0 | 0 | 2 | — |
| Dividend / ShareAnnual DPS | — | $0.60 | $7.70 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +4.8% | +2.9% | +0.3% | +0.9% |
PAX leads in 1 of 6 categories (Income & Cash Flow). NATL leads in 1 (Profitability & Efficiency). 2 tied.
DBD vs PAX vs BX vs NATL: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is DBD or PAX or BX or NATL a better buy right now?
For growth investors, Blackstone Inc.
(BX) is the stronger pick with 21. 6% revenue growth year-over-year, versus 0. 9% for NCR Atleos Corporation (NATL). NCR Atleos Corporation (NATL) offers the better valuation at 20. 7x trailing P/E (9. 1x forward), making it the more compelling value choice. Analysts rate Diebold Nixdorf, Incorporated (DBD) a "Buy" — based on 13 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — DBD or PAX or BX or NATL?
On trailing P/E, NCR Atleos Corporation (NATL) is the cheapest at 20.
7x versus Blackstone Inc. at 31. 5x. On forward P/E, Patria Investments Limited is actually cheaper at 8. 4x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Blackstone Inc. wins at 0. 98x versus Patria Investments Limited's 2. 99x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — DBD or PAX or BX or NATL?
Over the past 5 years, Diebold Nixdorf, Incorporated (DBD) delivered a total return of +283.
4%, compared to +5. 4% for Patria Investments Limited (PAX). Over 10 years, the gap is even starker: BX returned +476. 1% versus PAX's -19. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — DBD or PAX or BX or NATL?
By beta (market sensitivity over 5 years), Patria Investments Limited (PAX) is the lower-risk stock at 1.
09β versus Blackstone Inc. 's 1. 53β — meaning BX is approximately 40% more volatile than PAX relative to the S&P 500. On balance sheet safety, Patria Investments Limited (PAX) carries a lower debt/equity ratio of 31% versus 106% for Diebold Nixdorf, Incorporated — giving it more financial flexibility in a downturn.
05Which is growing faster — DBD or PAX or BX or NATL?
By revenue growth (latest reported year), Blackstone Inc.
(BX) is pulling ahead at 21. 6% versus 0. 9% for NCR Atleos Corporation (NATL). On earnings-per-share growth, the picture is similar: Diebold Nixdorf, Incorporated grew EPS 677. 3% year-over-year, compared to 7. 2% for Blackstone Inc.. Over a 3-year CAGR, DBD leads at 3. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — DBD or PAX or BX or NATL?
Patria Investments Limited (PAX) is the more profitable company, earning 22.
3% net margin versus 2. 5% for Diebold Nixdorf, Incorporated — meaning it keeps 22. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BX leads at 51. 9% versus 8. 8% for DBD. At the gross margin level — before operating expenses — PAX leads at 96. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is DBD or PAX or BX or NATL more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Blackstone Inc. (BX) is the more undervalued stock at a PEG of 0. 98x versus Patria Investments Limited's 2. 99x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Patria Investments Limited (PAX) trades at 8. 4x forward P/E versus 20. 5x for Blackstone Inc. — 12. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PAX: 49. 5% to $18. 00.
08Which pays a better dividend — DBD or PAX or BX or NATL?
In this comparison, BX (6.
3% yield), PAX (5. 0% yield) pay a dividend. DBD, NATL do not pay a meaningful dividend and should not be held primarily for income.
09Is DBD or PAX or BX or NATL better for a retirement portfolio?
For long-horizon retirement investors, Patria Investments Limited (PAX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.
09), 5. 0% yield). Both have compounded well over 10 years (PAX: -19. 3%, NATL: +99. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between DBD and PAX and BX and NATL?
These companies operate in different sectors (DBD (Technology) and PAX (Financial Services) and BX (Financial Services) and NATL (Technology)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: DBD is a small-cap quality compounder stock; PAX is a small-cap income-oriented stock; BX is a mid-cap high-growth stock; NATL is a small-cap quality compounder stock. PAX, BX pay a dividend while DBD, NATL do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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