NCR Voyix Corporation (VYX) 10-Year Financial Performance & Capital Metrics

VYX • • Industrial / General

TechnologyIT ServicesEnterprise Software & AI PlatformsFinancial Services Software

AboutNCR Corporation provides various software and services in the United States, Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Retail, Hospitality, Digital Banking, Payments & Network, and Self-Service Banking segments. It offers managed services, including ATM-as-a-Service solutions that allow banks to run their end-to-end ATM channels; software, services, and hardware; and digital banking solutions for financial institution's consumer and business customers. The company also provides solutions for banking channel services, transaction processing, imaging, and branch services. In addition, it offers solutions for retail industry comprising comprehensive API-point of sale (POS) retail software platforms and applications, hardware terminals and peripherals, payment processing solutions, and consumer engagement solutions, as well as self-service kiosks, which consists of self-checkout (SCO). Further, the company provides technology solutions to customers in the hospitality industry comprising table-service, quick-service, and fast casual restaurants. It also offers cloud-based and cloud-enabled software applications for point-of-sale, back office, payment processing, kitchen production, restaurant management, eCommerce, and consumer marketing and loyalty; and hospitality-oriented hardware products, such as POS terminals, kitchen display systems, handheld devices, printers, and peripherals. Additionally, the company provides managed network and infrastructure services to enterprise clients, as well as professional, field, and remote services for network technologies. It also offers solutions for customer account opening and onboarding across digital, branch, and call center channels. NCR Corporation was founded in 1881 and is headquartered in Atlanta, Georgia.Show more

Revenue $2.83B -11.1%
EBITDA $260M -39.5%
Net Income $958M +326.5%
EPS (Diluted) -4.06 -30.1%
Gross Margin 20.49% -2.7%
EBITDA Margin 9.2% -32.0%
Operating Margin -1.31% +67.7%
Net Margin 33.9% +354.7%
ROE 127.06% +408.6%
ROIC -1.18% +36.9%
Debt/Equity 1.12 -88.1%
Interest Coverage -0.23 +41.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 29.8%
✓Trading at only 1.3x book value

✗Weaknesses

✗Negative free cash flow
✗Sales declining 16.4% over 5 years

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-8.12%

5Y-16.39%

3Y-8.52%

TTM3253.16%

Profit (Net Income) CAGR

10Y17.5%

5Y11.18%

3Y114.55%

TTM-107.32%

EPS CAGR

10Y-

5Y-

3Y-

TTM-107.56%

ROCE

10Y Avg3.96%

5Y Avg0.01%

3Y Avg-1.25%

Latest-1.11%

Peer Comparison

Financial Services Software

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FORTYFormula Systems (1985) Ltd.	2.61B	170.01	33.40	5.21%	2.49%	4.55%	11.34%	0.50
JKHYJack Henry & Associates, Inc.	13.84B	191.25	30.65	7.21%	19.86%	22.11%	4.25%
VYXNCR Voyix Corporation	1.5B	10.82	-2.67	-11.08%	-1.77%	-4.18%		1.12
CLPSCLPS Incorporation	25.85M	0.87	-9.40	-5.02%	-1.27%	-6.06%	26.34%	0.41
WAYWaystar Holding Corp.	5.79B	30.27	-232.85	19.28%	10.69%	3.45%	2.46%	0.41

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	6.37B	6.54B	6.52B	6.41B	6.92B	6.21B	3.69B	3.17B	3.18B	2.83B
Revenue Growth %	-0.03%	0.03%	-0%	-0.02%	0.08%	-0.1%	-0.41%	-0.14%	0%	-0.11%
Cost of Goods Sold+	4.9B	4.72B	4.66B	4.73B	4.99B	4.68B	2.77B	2.49B	2.51B	2.25B
COGS % of Revenue	0.77%	0.72%	0.72%	0.74%	0.72%	0.75%	0.75%	0.78%	0.79%	0.8%
Gross Profit+	1.47B	1.82B	1.85B	1.68B	1.92B	1.52B	925M	684M	669M	579M
Gross Margin %	0.23%	0.28%	0.28%	0.26%	0.28%	0.25%	0.25%	0.22%	0.21%	0.2%
Gross Profit Growth %	-0.15%	0.24%	0.02%	-0.1%	0.15%	-0.21%	-0.39%	-0.26%	-0.02%	-0.13%
Operating Expenses+	1.27B	1.2B	1.18B	1.21B	1.31B	1.3B	899M	734M	798M	616M
OpEx % of Revenue	0.2%	0.18%	0.18%	0.19%	0.19%	0.21%	0.24%	0.23%	0.25%	0.22%
Selling, General & Admin	1.04B	979M	938M	960M	1.13B	1.1B	704M	618M	659M	459M
SG&A % of Revenue	0.16%	0.15%	0.14%	0.15%	0.16%	0.18%	0.19%	0.19%	0.21%	0.16%
Research & Development	230M	225M	241M	252M	259M	234M	195M	116M	139M	157M
R&D % of Revenue	0.04%	0.03%	0.04%	0.04%	0.04%	0.04%	0.05%	0.04%	0.04%	0.06%
Other Operating Expenses	-7M	-8M	-8M	0	-82M	-31M	0	0	0	0
Operating Income+	135M	674M	691M	191M	611M	221M	26M	-50M	-129M	-37M
Operating Margin %	0.02%	0.1%	0.11%	0.03%	0.09%	0.04%	0.01%	-0.02%	-0.04%	-0.01%
Operating Income Growth %	-0.62%	3.99%	0.03%	-0.72%	2.2%	-0.64%	-0.88%	-2.92%	-1.58%	0.71%
EBITDA+	443M	1.02B	1.04B	521M	944M	585M	543M	560M	430M	260M
EBITDA Margin %	0.07%	0.16%	0.16%	0.08%	0.14%	0.09%	0.15%	0.18%	0.14%	0.09%
EBITDA Growth %	-0.3%	1.3%	0.03%	-0.5%	0.81%	-0.38%	-0.07%	0.03%	-0.23%	-0.4%
D&A (Non-Cash Add-back)	308M	344M	354M	330M	333M	364M	517M	610M	559M	297M
EBIT	78M	549M	645M	207M	538M	159M	-29M	-32M	-251M	-65M
Net Interest Income+	-168M	-164M	-168M	-171M	-199M	-215M	-257M	-291M	-310M	-149M
Interest Income	5M	4M	3M	5M	5M	8M	8M	13M	12M	9M
Interest Expense	173M	168M	163M	176M	204M	223M	265M	304M	322M	158M
Other Income/Expense	-230M	-295M	-209M	-152M	-270M	-280M	-293M	-267M	-416M	-162M
Pretax Income+	-95M	379M	482M	39M	341M	-59M	-267M	-317M	-545M	-199M
Pretax Margin %	-0.01%	0.06%	0.07%	0.01%	0.05%	-0.01%	-0.07%	-0.1%	-0.17%	-0.07%
Income Tax+	55M	92M	242M	73M	-273M	-53M	70M	52M	184M	4M
Effective Tax Rate %	1.87%	0.71%	0.48%	-2.26%	1.65%	1.34%	-0.36%	-0.19%	0.78%	-4.81%
Net Income+	-178M	270M	232M	-88M	564M	-79M	97M	60M	-423M	958M
Net Margin %	-0.03%	0.04%	0.04%	-0.01%	0.08%	-0.01%	0.03%	0.02%	-0.13%	0.34%
Net Income Growth %	-1.93%	2.52%	-0.14%	-1.38%	7.41%	-1.14%	2.23%	-0.38%	-8.05%	3.26%
Net Income (Continuing)	-150M	287M	240M	-34M	614M	-6M	-337M	-369M	-729M	-203M
Discontinued Operations	0	0	0	0	-50M	-72M	435M	428M	306M	1.16B
Minority Interest	6M	4M	3M	4M	3M	3M	3M	-1M	0	-2M
EPS (Diluted)+	-1.06	1.71	0.97	-0.74	3.13	-0.86	0.58	0.32	-3.12	-4.06
EPS Growth %	-1.95%	2.61%	-0.43%	-1.76%	5.23%	-1.27%	1.67%	-0.45%	-10.75%	-0.3%
EPS (Basic)	-1.06	1.76	1.01	-0.74	3.72	-0.86	0.62	0.32	-3.12	-4.06
Diluted Shares Outstanding	167.6M	129.2M	127M	118.4M	145.2M	128.4M	139M	136.7M	140.6M	144.7M
Basic Shares Outstanding	167.6M	125.6M	121.9M	118.4M	122.1M	128.4M	131.2M	136.7M	140.6M	144.7M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.55B	2.76B	2.83B	3.02B	3.14B	2.48B	2.88B	3.08B	1.21B	1.67B
Cash & Short-Term Investments	328M	498M	537M	464M	509M	338M	447M	221M	259M	724M
Cash Only	328M	498M	537M	464M	509M	338M	447M	221M	259M	724M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.25B	1.28B	1.23B	1.35B	1.5B	1.12B	959M	550M	414M	539M
Days Sales Outstanding	71.65	71.52	69.07	77.22	79.12	65.68	94.81	63.25	47.55	69.62
Inventory	643M	699M	780M	806M	784M	601M	754M	357M	250M	208M
Days Inventory Outstanding	47.86	54	61.08	62.2	57.3	46.84	99.46	52.33	36.37	33.79
Other Current Assets	327M	278M	280M	398M	361M	422M	716M	1.95B	283M	200M
Total Non-Current Assets+	5.09B	4.92B	4.82B	4.74B	5.84B	5.94B	8.77B	8.43B	3.78B	2.78B
Property, Plant & Equipment	322M	287M	341M	359M	804M	717M	1.12B	499M	438M	421M
Fixed Asset Turnover	19.79x	22.80x	19.11x	17.84x	8.60x	8.66x	3.29x	6.36x	7.26x	6.71x
Goodwill	2.73B	2.73B	2.74B	2.69B	2.83B	2.84B	4.52B	2.06B	1.52B	1.52B
Intangible Assets	798M	672M	578M	595M	607M	532M	1.32B	416M	123M	94M
Long-Term Investments	130M	94M	6M	12M	0	0	0	0	0	0
Other Non-Current Assets	521M	561M	698M	632M	779M	885M	1.08B	5.12B	1.47B	561M
Total Assets+	7.63B	7.67B	7.65B	7.76B	8.99B	8.41B	11.64B	11.51B	4.99B	4.45B
Asset Turnover	0.83x	0.85x	0.85x	0.83x	0.77x	0.74x	0.32x	0.28x	0.64x	0.63x
Asset Growth %	-0.11%	0%	-0%	0.01%	0.16%	-0.06%	0.38%	-0.01%	-0.57%	-0.11%
Total Current Liabilities+	1.78B	1.97B	1.89B	2.28B	2.54B	2.09B	2.81B	2.71B	1.33B	1.42B
Accounts Payable	657M	781M	762M	897M	840M	632M	826M	594M	440M	332M
Days Payables Outstanding	48.9	60.33	59.67	69.22	61.39	49.26	108.96	87.07	64.01	53.93
Short-Term Debt	13M	50M	52M	185M	282M	8M	57M	101M	15M	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	922M	900M	856M	501M	606M	673M	1.02B	1.74B	595M	773M
Current Ratio	1.43x	1.40x	1.50x	1.32x	1.24x	1.19x	1.02x	1.14x	0.90x	1.18x
Quick Ratio	1.07x	1.05x	1.09x	0.97x	0.93x	0.90x	0.76x	1.00x	0.72x	1.03x
Cash Conversion Cycle	70.61	65.18	70.48	70.19	75.03	63.27	85.31	28.51	19.91	49.47
Total Non-Current Liabilities+	4.33B	4.16B	4.23B	4.22B	4.95B	5B	7.3B	7.04B	3.36B	1.82B
Long-Term Debt	3.24B	3B	2.94B	2.98B	3.28B	3.27B	5.5B	5.55B	2.56B	1.1B
Capital Lease Obligations	0	0	0	0	369M	325M	388M	286M	251M	248M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	1.09B	1.16B	1.29B	1.24B	1.3B	1.41B	1.41B	1.2B	542M	479M
Total Liabilities	6.11B	6.13B	6.12B	6.5B	7.49B	7.09B	10.11B	9.75B	4.69B	3.25B
Total Debt+	3.25B	3.05B	2.99B	3.17B	3.93B	3.6B	5.95B	5.94B	2.83B	1.35B
Net Debt	2.92B	2.55B	2.45B	2.7B	3.42B	3.27B	5.5B	5.72B	2.57B	622M
Debt / Equity	2.13x	1.97x	1.95x	2.52x	2.62x	2.72x	3.88x	3.39x	9.40x	1.12x
Debt / EBITDA	7.34x	3.00x	2.86x	6.07x	4.16x	6.16x	10.96x	10.61x	6.58x	5.18x
Net Debt / EBITDA	6.60x	2.51x	2.35x	5.18x	3.62x	5.58x	10.13x	10.21x	5.98x	2.39x
Interest Coverage	0.78x	4.01x	4.24x	1.09x	3.00x	0.99x	0.10x	-0.16x	-0.40x	-0.23x
Total Equity+	1.52B	1.55B	1.53B	1.26B	1.5B	1.32B	1.53B	1.75B	301M	1.21B
Equity Growth %	-0.19%	0.01%	-0.01%	-0.18%	0.19%	-0.12%	0.16%	0.14%	-0.83%	3.01%
Book Value per Share	9.09	11.97	12.06	10.63	10.34	10.31	11.03	12.83	2.14	8.34
Total Shareholders' Equity	1.52B	1.54B	1.53B	1.25B	1.5B	1.32B	1.53B	1.75B	301M	1.21B
Common Stock	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M
Retained Earnings	869M	867M	857M	606M	1.06B	950M	1.03B	1.07B	-421M	535M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-150M	-205M	-199M	-246M	-269M	-271M	-291M	-300M	-429M	-469M
Minority Interest	6M	4M	3M	4M	3M	3M	3M	-1M	0	-2M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	638M	857M	744M	536M	634M	641M	1.01B	427M	694M	-132M
Operating CF Margin %	0.1%	0.13%	0.11%	0.08%	0.09%	0.1%	0.27%	0.13%	0.22%	-0.05%
Operating CF Growth %	0.22%	0.34%	-0.13%	-0.28%	0.18%	0.01%	0.57%	-0.58%	0.63%	-1.19%
Net Income	-174M	274M	235M	-86M	564M	-78M	98M	59M	-423M	957M
Depreciation & Amortization	308M	344M	354M	330M	333M	364M	517M	610M	559M	297M
Stock-Based Compensation	42M	61M	77M	72M	107M	108M	154M	125M	177M	47M
Deferred Taxes	24M	10M	173M	14M	-355M	-112M	89M	60M	140M	43M
Other Non-Cash Items	42M	-22M	-5M	253M	46M	130M	66M	-1M	-39M	-1.54B
Working Capital Changes	396M	190M	-90M	-47M	-61M	229M	85M	-426M	280M	65M
Change in Receivables	28M	-89M	29M	-155M	-144M	420M	215M	-216M	47M	-57M
Change in Inventory	-46M	-86M	-68M	-70M	5M	168M	-195M	-188M	9M	39M
Change in Payables	8M	216M	-78M	198M	-20M	0	0	0	0	0
Cash from Investing+	-209M	-189M	-290M	-474M	-512M	-277M	-2.83B	-387M	-290M	2.19B
Capital Expenditures	-229M	-227M	-294M	-313M	-329M	-31M	-106M	-377M	-377M	-217M
CapEx % of Revenue	0.04%	0.03%	0.05%	0.05%	0.05%	0%	0.03%	0.12%	0.12%	0.08%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1M	-9M	12M	-1M	20M	-228M	-248M	5M	8M	-52M
Cash from Financing+	-583M	-467M	-434M	-48M	-61M	-514M	2.18B	1M	-839M	-1.56B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	-9M	-15M	-15M	-15M	-15M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	804M	13M	12M	30M	-83M	-36M	-94M	-60M	-722M	1M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	409M	630M	450M	223M	305M	378M	661M	50M	317M	-349M
FCF Margin %	0.06%	0.1%	0.07%	0.03%	0.04%	0.06%	0.18%	0.02%	0.1%	-0.12%
FCF Growth %	0.54%	0.54%	-0.29%	-0.5%	0.37%	0.24%	0.75%	-0.92%	5.34%	-2.1%
FCF per Share	2.44	4.88	3.54	1.88	2.10	2.94	4.76	0.37	2.25	-2.41
FCF Conversion (FCF/Net Income)	-3.58x	3.17x	3.21x	-6.09x	1.12x	-8.11x	10.40x	7.12x	-1.64x	-0.14x
Interest Paid	163M	155M	159M	160M	168M	196M	215M	268M	365M	145M
Taxes Paid	60M	66M	98M	106M	61M	82M	42M	56M	92M	54M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-10.45%	17.59%	15.07%	-6.31%	40.87%	-5.59%	6.79%	3.65%	-41.17%	127.06%
Return on Invested Capital (ROIC)	2.15%	11.83%	12.82%	3.61%	10.32%	3.49%	0.34%	-0.52%	-1.87%	-1.18%
Gross Margin	23.05%	27.79%	28.47%	26.15%	27.78%	24.55%	25.05%	21.55%	21.05%	20.49%
Net Margin	-2.79%	4.13%	3.56%	-1.37%	8.16%	-1.27%	2.63%	1.89%	-13.31%	33.9%
Debt / Equity	2.13x	1.97x	1.95x	2.52x	2.62x	2.72x	3.88x	3.39x	9.40x	1.12x
Interest Coverage	0.78x	4.01x	4.24x	1.09x	3.00x	0.99x	0.10x	-0.16x	-0.40x	-0.23x
FCF Conversion	-3.58x	3.17x	3.21x	-6.09x	1.12x	-8.11x	10.40x	7.12x	-1.64x	-0.14x
Revenue Growth	-3.31%	2.67%	-0.41%	-1.7%	7.96%	-10.24%	-40.52%	-14.03%	0.13%	-11.08%

Revenue by Segment

	2024
Recurring revenue	1.63B
Recurring revenue Growth	-
All other products and services	1.19B
All other products and services Growth	-

Revenue by Geography

	2024
UNITED STATES	1.71B
UNITED STATES Growth	-
EMEA	574M
EMEA Growth	-
Asia Pacific	307M
Asia Pacific Growth	-
Americas (Excluding United States)	239M
Americas (Excluding United States) Growth	-

Frequently Asked Questions

Growth & Financials

NCR Voyix Corporation (VYX) reported $2.65B in revenue for fiscal year 2024. This represents a 50% decrease from $5.29B in 2011.

NCR Voyix Corporation (VYX) saw revenue decline by 11.1% over the past year.

NCR Voyix Corporation (VYX) reported a net loss of $47.0M for fiscal year 2024.

Dividend & Returns

Yes, NCR Voyix Corporation (VYX) pays a dividend with a yield of 0.96%. This makes it attractive for income-focused investors.

NCR Voyix Corporation (VYX) has a return on equity (ROE) of 127.1%. This is excellent, indicating efficient use of shareholder capital.

NCR Voyix Corporation (VYX) had negative free cash flow of $532.0M in fiscal year 2024, likely due to heavy capital investments.

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