Revenue growth remains highly inconsistent, oscillating from a 6.1% contraction in 2025Q1 to an 11.7% expansion by 2025Q4, while gross margins struggle to consistently exceed the 26% threshold.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Sales/Revenue | 3.86B | 3.81B | 3.75B | 3.76B | 3.46B | 3.91B | 3.9B | 4.41B | 4.58B | 4.61B | 3.32B | 2.42B | 3.05B | 2.86B | 2.99B | 2.84B | 2.82B | 2.72B | 3.17B | 2.96B | 2.91B | 2.59B | 2.38B | 2.11B | 1.94B | 1.76B | 1.74B | 1.26B | 1.19B | 1.23B | 1.03B |
| Revenue Growth % | 4.32% | 1.46% | -0.25% | 8.66% | -11.38% | 0.07% | -11.48% | -3.72% | -0.67% | 38.99% | 37.08% | -20.71% | 6.77% | -4.49% | 5.5% | 0.43% | 3.88% | -14.25% | 6.92% | 2.02% | 12.34% | 8.66% | 12.86% | 8.74% | 10.22% | 0.96% | 38.47% | 6.2% | -3.36% | 19.09% | 19.32% |
| Cost of Goods Sold | 2.85B | 2.8B | 2.83B | 2.88B | 2.7B | 2.86B | 2.87B | 3.33B | 3.69B | 3.58B | 2.57B | 1.76B | 2.27B | 2.22B | 2.26B | 2.1B | 2.1B | 2.07B | 2.38B | 2.28B | 2.2B | 1.96B | 1.7B | 1.48B | 1.35B | 1.24B | 1.15B | 767.7M | 744M | 768.4M | 639.3M |
| COGS % of Revenue | - | 73.63% | 75.47% | 76.7% | 78.12% | 73.28% | 73.48% | 75.58% | 80.54% | 77.68% | 77.47% | 72.86% | 74.46% | 77.59% | 75.39% | 74.05% | 74.52% | 76.09% | 74.93% | 76.93% | 75.55% | 75.82% | 71.51% | 70.27% | 69.35% | 70.23% | 65.87% | 60.97% | 62.75% | 62.63% | 62.06% |
| Gross Profit | 1B | 1B | 920M | 876.2M | 757.3M | 1.04B | 1.03B | 1.08B | 890.9M | 1.03B | 747.2M | 656.5M | 779.35M | 640.36M | 736.15M | 735.93M | 719.57M | 650M | 794.62M | 683.85M | 710.52M | 625.48M | 678.38M | 627.14M | 594.64M | 524.07M | 595.06M | 491.5M | 441.7M | 458.5M | 390.9M |
| Gross Margin % | 26.02% | 26.37% | 24.53% | 23.3% | 21.88% | 26.72% | 26.52% | 24.42% | 19.46% | 22.32% | 22.53% | 27.14% | 25.54% | 22.41% | 24.61% | 25.95% | 25.48% | 23.91% | 25.07% | 23.07% | 24.45% | 24.18% | 28.49% | 29.73% | 30.65% | 29.77% | 34.13% | 39.03% | 37.25% | 37.37% | 37.94% |
| Gross Profit Growth % | - | 9.07% | 5% | 15.7% | -27.42% | 0.81% | -3.85% | 20.82% | -13.42% | 37.71% | 13.82% | -15.76% | 21.71% | -13.01% | 0.03% | 2.27% | 10.7% | -18.2% | 16.2% | -3.75% | 13.6% | -7.8% | 8.17% | 5.47% | 13.47% | -11.93% | 21.07% | 11.27% | -3.66% | 17.29% | 20.69% |
| Operating Expenses | 695.6M | 668.8M | 737.9M | 789.3M | 969M | 906.3M | 1.01B | 841.4M | 1.04B | 893.6M | 686.7M | 522.1M | 609.17M | 689.01M | 595.66M | 577.37M | 545.52M | 496.91M | 618.34M | 584.49M | 534.86M | 464.21M | 401.41M | 364.29M | 353.47M | 385.16M | 366.1M | 306.6M | 274.3M | 274.7M | 250.6M |
| OpEx % of Revenue | - | 17.57% | 19.67% | 20.99% | 28% | 23.21% | 25.91% | 19.09% | 22.78% | 19.39% | 20.71% | 21.58% | 19.97% | 24.11% | 19.91% | 20.36% | 19.32% | 18.28% | 19.51% | 19.71% | 18.4% | 17.94% | 16.86% | 17.27% | 18.22% | 21.88% | 21% | 24.35% | 23.13% | 22.39% | 24.33% |
| Selling, General & Admin | 456.2M | 585M | 643.6M | 0 | 741.6M | 775.6M | 858.6M | 697.3M | 885.6M | 737M | 581.6M | 435.8M | 515.55M | 596.69M | 509.78M | 499.26M | 471.29M | 424.88M | 534.49M | 470.62M | 463.86M | 403.8M | 341.39M | 303.84M | 289.58M | 325.54M | 274.51M | 221.4M | 194.5M | 191.8M | 217.6M |
| SG&A % of Revenue | - | 15.37% | 17.16% | - | 21.43% | 19.86% | 22% | 15.82% | 19.34% | 15.99% | 17.54% | 18.01% | 16.9% | 20.88% | 17.04% | 17.61% | 16.69% | 15.63% | 16.86% | 15.87% | 15.96% | 15.61% | 14.34% | 14.4% | 14.93% | 18.49% | 15.74% | 17.58% | 16.4% | 15.63% | 21.12% |
| Research & Development | 85.6M | 83.8M | 93.6M | 110.9M | 120.7M | 126.3M | 133.4M | 144.1M | 157.4M | 156.6M | 105.1M | 86.3M | 93.62M | 92.31M | 85.88M | 78.11M | 74.22M | 72.03M | 79.07M | 73.95M | 71M | 60.41M | 60.02M | 60.45M | 63.89M | 59.61M | 55.69M | 50.5M | 54.2M | 54.4M | 0 |
| R&D % of Revenue | - | 2.2% | 2.5% | 2.95% | 3.49% | 3.23% | 3.42% | 3.27% | 3.44% | 3.4% | 3.17% | 3.57% | 3.07% | 3.23% | 2.87% | 2.75% | 2.63% | 2.65% | 2.49% | 2.49% | 2.44% | 2.34% | 2.52% | 2.87% | 3.29% | 3.39% | 3.19% | 4.01% | 4.57% | 4.43% | - |
| Other Operating Expenses | 1000K | 0 | 700K | 678.4M | 106.7M | 4.4M | 19M | 0 | -4M | 8.8M | 3.5M | 3.7M | -1.65M | -1.55M | 0 | 0 | -1.66M | 7K | 403K | 39.93M | 0 | 0 | 0 | 0 | 0 | 0 | 35.9M | 34.7M | 25.6M | 28.5M | 33M |
| Operating Income | 306.7M | 334.6M | 182.1M | 86.9M | -211.7M | 137.1M | 24M | 235M | -362.9M | 135.4M | 60.5M | 134.4M | 180.95M | -118.26M | 124.71M | 155.59M | -1.8M | 150.59M | 176.28M | 99.36M | 175.66M | 161.27M | 276.97M | 262.85M | 241.17M | 138.91M | 228.96M | 184.9M | 167.4M | 183.8M | 140.3M |
| Operating Margin % | 7.95% | 8.79% | 4.85% | 2.31% | -6.12% | 3.51% | 0.61% | 5.33% | -7.93% | 2.94% | 1.82% | 5.56% | 5.93% | -4.14% | 4.17% | 5.49% | -0.06% | 5.54% | 5.56% | 3.35% | 6.04% | 6.23% | 11.63% | 12.46% | 12.43% | 7.89% | 13.13% | 14.68% | 14.12% | 14.98% | 13.62% |
| Operating Income Growth % | - | 83.75% | 109.55% | 141.05% | -254.41% | 471.25% | -89.79% | 164.76% | -368.02% | 123.8% | -54.99% | -25.72% | 253.01% | -194.83% | -19.85% | 8734.52% | -101.2% | -14.57% | 77.42% | -43.44% | 8.92% | -41.77% | 5.37% | 8.99% | 73.62% | -39.33% | 23.83% | 10.45% | -8.92% | 31% | 31.37% |
| EBITDA | 400.3M | 462.1M | 314.4M | 213.3M | -85.7M | 286.2M | 204.4M | 461.1M | -115.1M | 387.6M | 195.3M | 198.4M | 255.02M | -35.67M | 203.36M | 235.45M | 77.45M | 228.28M | 256.75M | 162.74M | 245.47M | 237.51M | 351.96M | 327.15M | 302.46M | 184.36M | 264.86M | 219.6M | 193M | 212.3M | 173.3M |
| EBITDA Margin % | 10.38% | 12.14% | 8.38% | 5.67% | -2.48% | 7.33% | 5.24% | 10.46% | -2.51% | 8.41% | 5.89% | 8.2% | 8.36% | -1.25% | 6.8% | 8.3% | 2.74% | 8.4% | 8.1% | 5.49% | 8.45% | 9.18% | 14.78% | 15.51% | 15.59% | 10.47% | 15.19% | 17.44% | 16.28% | 17.3% | 16.82% |
| EBITDA Growth % | 16.3% | 46.98% | 47.4% | 348.89% | -129.94% | 40.02% | -55.67% | 500.61% | -129.7% | 98.46% | -1.56% | -22.2% | 815.02% | -117.54% | -13.63% | 204% | -66.07% | -11.09% | 57.77% | -33.7% | 3.35% | -32.52% | 7.58% | 8.16% | 64.06% | -30.39% | 20.61% | 13.78% | -9.09% | 22.5% | 27.15% |
| D&A (Non-Cash Add-back) | 93.6M | 127.5M | 132.3M | 126.4M | 126M | 149.1M | 180.4M | 226.1M | 247.8M | 252.2M | 134.8M | 64M | 74.07M | 82.59M | 78.64M | 79.86M | 79.25M | 77.69M | 80.47M | 63.38M | 69.81M | 76.24M | 74.98M | 64.3M | 61.3M | 45.45M | 35.9M | 34.7M | 25.6M | 28.5M | 33M |
| EBIT | 273.3M | 334.6M | 202.6M | 148.6M | -239.4M | 144.6M | -2.7M | -32.8M | -323.4M | -78.5M | -141.8M | 134.4M | 196.81M | -112.6M | 141.22M | 193.39M | 35.49M | 159.26M | 201.68M | 99.36M | 182.23M | 182.75M | 273.48M | 251.79M | 241.17M | 138.91M | 228.96M | 184.9M | 167.4M | 183.9M | 140.3M |
| Net Interest Income | -56.8M | -76.8M | -143M | -233.2M | -189.2M | -189.2M | -266.6M | -193.6M | -146.2M | -97M | -79.9M | -6.5M | 3.1M | -29.2M | -30.33M | -34.46M | -37.89M | -35.45M | -45.37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 10.3M | 8.9M | 12.3M | 13M | 10M | 6.1M | 6.8M | 9.3M | 8.7M | 20.3M | 21.5M | 26M | 34.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 40.9M | 85.7M | 155.3M | 246.2M | 199.2M | 195.3M | 273.4M | 202.9M | 154.9M | 117.3M | 101.4M | 32.5M | 31.4M | 29.23M | 30.33M | 34.46M | 37.89M | 35.45M | 45.25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -142.8M | -213M | -132.3M | 1.37B | -224.7M | -187.5M | -292.8M | -462.9M | -152.7M | -98.4M | -68.5M | -12.8M | -10.36M | 20.49M | -7.29M | 8.8M | -595K | -26.79M | -19.96M | -24.02M | -18.19M | -352K | -313K | 5.23M | -22.62M | -39.07M | -24.6M | 16.5M | -47.6M | 1.8M | 6.2M |
| Pretax Income | 143.6M | 121.6M | 49.8M | 1.45B | -436.4M | -50.4M | -268.8M | -227.9M | -515.6M | -191.9M | -238.3M | 45.8M | 170.59M | -119.81M | 117.43M | 164.39M | -2.4M | 123.81M | 138.96M | 75.34M | 124.45M | 138.25M | 268.94M | 257.02M | 218.55M | 99.84M | 204.36M | 201.4M | 119.8M | 185.6M | 146.5M |
| Pretax Margin % | 3.72% | 3.2% | 1.33% | 38.62% | -12.61% | -1.29% | -6.89% | -5.17% | -11.26% | -4.16% | -7.19% | 1.89% | 5.59% | -4.19% | 3.93% | 5.8% | -0.08% | 4.55% | 4.38% | 2.54% | 4.28% | 5.34% | 11.3% | 12.18% | 11.26% | 5.67% | 11.72% | 15.99% | 10.1% | 15.13% | 14.22% |
| Income Tax | 32M | 24.1M | 64.3M | 75.7M | 149.2M | 27.7M | -1M | 116.7M | 37.2M | 28.3M | -67.6M | -13.7M | 53.57M | 56.72M | 29.91M | 12.81M | 14.56M | 44.48M | 32.55M | 35.8M | 37.9M | 55.35M | 84.99M | 82.25M | 86.25M | 32.95M | 67.44M | 72.5M | 43.7M | 63.1M | 49.1M |
| Effective Tax Rate % | 22.28% | 19.82% | 129.12% | 5.21% | -34.19% | -54.96% | 0.37% | -51.21% | -7.21% | -14.75% | 28.37% | -29.91% | 31.4% | -47.34% | 25.47% | 7.8% | -607.47% | 35.92% | 23.42% | 47.52% | 30.46% | 40.03% | 31.6% | 32% | 39.46% | 33% | 33% | 36% | 36.48% | 34% | 33.52% |
| Net Income | 109.6M | 94.6M | -16.5M | 1.38B | -581.4M | -78.8M | -269.1M | -341.3M | -568.7M | -241.5M | -178M | 76.8M | 114.42M | -181.6M | 78.45M | 144.81M | -20.25M | 41.61M | 93.46M | 39.54M | 86.55M | 96.75M | 183.96M | 174.78M | 99.15M | 66.89M | 136.92M | 128.9M | 76.1M | 122.5M | 97.4M |
| Net Margin % | 2.84% | 2.49% | -0.44% | 36.59% | -16.8% | -2.02% | -6.9% | -7.74% | -12.42% | -5.24% | -5.37% | 3.17% | 3.75% | -6.36% | 2.62% | 5.11% | -0.72% | 1.53% | 2.95% | 1.33% | 2.98% | 3.74% | 7.73% | 8.28% | 5.11% | 3.8% | 7.85% | 10.24% | 6.42% | 9.98% | 9.45% |
| Net Income Growth % | 1174.51% | 673.33% | -101.2% | 336.69% | -637.82% | 70.72% | 21.15% | 39.99% | -135.49% | -35.67% | -331.77% | -32.88% | 163% | -331.48% | -45.82% | 815.07% | -148.67% | -55.48% | 136.36% | -54.31% | -10.54% | -47.41% | 5.25% | 76.27% | 48.23% | -51.14% | 6.22% | 69.38% | -37.88% | 25.77% | 27.82% |
| Net Income (Continuing) | 111.6M | 97.5M | -14.5M | 1.38B | -585.6M | -78.1M | -267.8M | -344.6M | -528.7M | -213.9M | -179.3M | 59.5M | 107.3M | -190.2M | 87.52M | 151.58M | -16.96M | 79.33M | 114.82M | 47.91M | 93.14M | 89.73M | 181.81M | 171.27M | 132.3M | 66.89M | 136.92M | 128.9M | 76.1M | 122.5M | 97.4M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.9M | 0 | 0 | 0 | 523K | 0 | 0 | 0 | 0 | 11.41M | 2.23M | 1.99M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 3.3M | 4.9M | 8.4M | 15.4M | 9.8M | 8.1M | 14.6M | 44.9M | 157.2M | 528.9M | 477.5M | 23.1M | 23.29M | 24.05M | 35.35M | 31.27M | 28.66M | 25.65M | 17.66M | 13.76M | 27.35M | 21.55M | 25.53M | 20.35M | 14.32M | 9.38M | 5.26M | 4.4M | 3.7M | 16.9M | 13.1M |
| EPS (Diluted) | 3.07 | 2.54 | -0.44 | 21.38 | -7.44 | -1.00 | -3.47 | -4.51 | -7.48 | -3.20 | -2.58 | 1.12 | 1.76 | -2.85 | 1.23 | 2.24 | -0.31 | 0.62 | 1.41 | 0.59 | 1.55 | 1.43 | 2.53 | 2.37 | 1.37 | 0.93 | 1.92 | 1.85 | 1.10 | 1.76 | 1.42 |
| EPS Growth % | 1192.59% | 677.27% | -102.06% | 387.37% | -644% | 71.18% | 23.06% | 39.71% | -133.75% | -24.03% | -330.36% | -36.36% | 161.75% | -331.71% | -45.09% | 822.58% | -150% | -56.03% | 138.98% | -61.94% | 8.39% | -43.48% | 6.75% | 72.99% | 47.31% | -51.56% | 3.78% | 68.18% | -37.5% | 23.94% | -14.97% |
| EPS (Basic) | - | 2.57 | -0.44 | 21.38 | -7.44 | -1.00 | -3.47 | -4.51 | -7.48 | -3.20 | -2.58 | 1.14 | 1.77 | -2.85 | 1.24 | 2.25 | -0.31 | 0.63 | 1.41 | 0.60 | 1.57 | 1.45 | 2.55 | 2.39 | 1.38 | 0.94 | 1.92 | 1.86 | 1.10 | 1.78 | 1.42 |
| Diluted Shares Outstanding | 35.7M | 37.2M | 37.6M | 64.36M | 79M | 78.3M | 77.6M | 76.7M | 76M | 75.5M | 69.1M | 65.6M | 65.15M | 63.66M | 63.91M | 64.79M | 65.91M | 66.87M | 66.49M | 66.67M | 67.25M | 71.34M | 72.53M | 72.92M | 72.3M | 71.78M | 71.48M | 69.56M | 69.31M | 69.6M | 68.8M |
| Basic Shares Outstanding | 35.1M | 36.8M | 37.6M | 64.36M | 79M | 78.3M | 77.6M | 76.7M | 76M | 75.5M | 69.1M | 64.9M | 64.53M | 63.66M | 63.06M | 64.24M | 65.91M | 66.26M | 66.08M | 65.84M | 66.67M | 70.58M | 72M | 72.42M | 71.98M | 71.52M | 71.3M | 69.36M | 68.96M | 68.82M | 68.8M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | 98.44% | 65.5% | - | 92.83% | 50.34% | - | 166.91% | 71.22% | 157.92% | 66.33% | 59.71% | 28.94% | 28.17% | 47.93% | 68.43% | 32.33% | 32.35% | 50.72% | 28.16% | 32.03% |
High fixed cost sensitivity
According to recent quarterly filings, Diebold Nixdorf's revenue growth has exhibited significant inconsistency, fluctuating from a 6.1% contraction in 2025Q1 to an 11.7% expansion by 2025Q4, suggesting that the company's top-line performance remains heavily dependent on the timing of lumpy, project-based hardware deployment cycles.
The erratic revenue trajectory highlights the challenges inherent in transitioning toward a more predictable, service-oriented model. Investors should monitor whether the recent expansion in late 2025 represents a sustainable shift in demand or merely a temporary recovery in hardware installation milestones.
As reported in financial statements, Diebold Nixdorf's gross margins have struggled to consistently exceed the 26% threshold, peaking at 27.1% in 2025Q4 before retreating to 23.9% in 2026Q1, which underscores the company's ongoing difficulty in scaling profitability amidst a high-cost, labor-intensive service infrastructure.
The inability to maintain margin expansion suggests that inflationary pressures on field service labor and logistics continue to offset gains from product mix shifts. This volatility warrants further investigation into whether the company possesses sufficient pricing power to pass through rising input costs to its banking and retail clients.
Based on Diebold Nixdorf's reported figures, operating income has shown extreme sensitivity to revenue fluctuations, with operating margins swinging from a low of 2.7% in 2024Q1 to a peak of 11.6% in 2025Q4, indicating that the company's fixed-cost base continues to exert significant pressure on bottom-line scalability.
The lack of consistent operating leverage suggests that the company's current cost structure is not yet optimized for its post-bankruptcy operational scale. Management's ability to decouple operating expenses from revenue volatility will be critical for demonstrating long-term earnings durability.
Data from recent income statements indicates that Diebold Nixdorf's net income remains highly inconsistent, with quarterly results oscillating between losses and modest profits, further complicated by the impact of stock-based compensation and the lingering effects of the company's recent emergence from Chapter 11 restructuring.
The frequent swings in net income suggest that normalized earnings power is difficult to ascertain, as one-time items and restructuring-related charges continue to distort the bottom line. Investors should exercise caution when evaluating EPS growth, as the current figures may not reflect the company's underlying operational cash-generating capability.
Quick answers to the most common questions about buying DBD stock.
For fiscal year 2025, Diebold Nixdorf, Incorporated (DBD) reported total revenue of $3.81B. This represents a 269.4% increase compared to $1.03B in 1996.
Diebold Nixdorf, Incorporated (DBD) is profitable, generating $94.6M in net income for the fiscal year ending 2025 with a net profit margin of 2.5%.
Diebold Nixdorf, Incorporated (DBD) reported an operating income of $334.6M, resulting in an operating profit margin of 8.8%. This margin reflects the operational efficiency of the business before interest and taxes.
Diebold Nixdorf, Incorporated (DBD) generated $1.00B in gross profit for the year, representing a gross profit margin of 26.4%. This demonstrates the company's core pricing power and production efficiency.