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NCR Voyix

VYX NYSE IT Consulting & Other Services Financials FY2016–FY2025

NCR Voyix's revenue fell 4.7% to $2.7 billion in fiscal 2025. Its operating margin was 1.0%, up from −1.4% a year earlier. Free cash flow was −$375 million. It paid out $74 million in dividends and buybacks. The diluted share count fell 2.5%.

Last close · Oct 23, 2026

$8.39

2.9%
Value it Compare
Revenue Total sales reported in the income statement.
$2.7B
4.6% vs prior year
Operating margin Operating income as a share of revenue.
1.0%
2.3 pts
Net income Profit after all expenses, interest and tax.
$62.0M
93.5%
Free cash flow Cash from operations minus capital spending.
−$375M
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
1.3%
2.9 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$1.2B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
20.5x
On $0.41 EPS (TTM)

What NCR Voyix does

No business description yet.

Legal name
NCR VOYIX CORPORATION
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0000070866-26-000006
0000070866

Revenue and margins

NCR Voyix had $2.7B of revenue in fiscal 2025, down 4.7% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew −17.6% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was −$375M in fiscal 2025, −14.0% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

NCR Voyix returned $74.0M to shareholders in fiscal 2025. The diluted share count fell 2.5%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value NCR Voyix yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$893M and divides by 141.1M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 20.5x · peers 21.0x · sector 33.5x.

Balance sheet

Cash, debt and the ratios that show how comfortably NCR Voyix can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $221M$218M$256M$722M$231M
Debt incl. finance leases $5.7B$5.8B$2.6B$1.1B$1.1B
Net debt / EBITDA 10.1x10.0x5.5x1.5x3.5x
Debt / equity 4.5x3.9x—1.2x1.2x
Interest coverage 0.1x−0.2x−0.5x−0.3x0.4x
Current ratio 1.0x1.1x0.9x1.2x1.0x
Quick ratio 0.8x1.0x0.7x1.0x0.8x
Total assets $11.6B$11.5B$5.0B$4.5B$3.9B
Total liabilities $10.1B$9.8B$4.7B$3.2B$2.8B
Shareholders' equity $1.3B$1.5B$25.0M$933M$948M
Net debt (− = net cash) $5.5B$5.6B$2.4B$397M$893M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$0.1M

1 insider

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Aug 13, 2026 Beimnet TadeleEVP & President, Restaurants Sold 12,750 $8.20 $0.1M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✕ ✓ ✓
Cash from operations is positive ✓ ✕ ✕
Return on assets rose ✕ ✓ ✕
Cash from operations exceeds net income ✓ ✕ ✕
Debt fell relative to assets ✓ ✓ ✕
Current ratio rose ✕ ✓ ✕
Share count didn't rise ✕ ✕ ✓
Gross margin rose — — —
Revenue rose relative to assets ✓ ✓ ✓
F-score 4 / 85 / 83 / 8
Accruals ratio −13.6%23.1%6.5%
Altman Z'' −0.621.010.93

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
NCR Voyix VYX $1.2B −4.7% 1.0% −14.0% 1.3% 20.5x 3
Gartner IT $15.3B 3.7% 15.8% 18.1% 44.6% 20.8x 5 Compare →
DXC Technology DXC $2.7B −1.8% 7.7% 8.2% 9.2% 21.2x 7 Compare →
Kyndryl KD $3.3B 0.2% — 2.3% 7.8% 39.9x 6 Compare →
Cognizant CTSH $33.6B 7.0% 16.1% 12.3% 16.2% 15.3x 6 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $6.5B $6.5B $6.4B $6.9B $6.2B $7.2B $3.2B $3.2B $2.8B $2.7B
Gross profit $4.4B $4.5B — — — — — — — —
Research and development $225M $241M $252M $259M $234M $195M $116M $139M $157M $155M
Operating income $674M $691M $191M $611M $221M $26.0M −$50.0M −$134M −$38.0M $26.0M
Interest expense $170M $163M $168M $197M $218M $238M $285M $294M $134M $60.0M
Pretax income $379M $482M $39.0M $341M −$59.0M −$267M −$317M −$549M −$197M −$31.0M
Income tax $92.0M $242M $73.0M −$273M −$53.0M $70.0M $52.0M $184M $4.0M −$73.0M
Net income $270M $232M −$88.0M $564M −$79.0M $97.0M $60.0M −$428M $958M $62.0M
Diluted EPS $1.71 $0.97 −$1.16 $3.36 −$0.86 $0.62 $0.32 −$3.16 $6.52 $0.30
Diluted shares 0.13B 0.13B 0.12B 0.15B 0.13B 0.13B 0.14B 0.14B 0.14B 0.14B
Cash flow
Cash from operations $894M $752M $572M $634M $641M $1.0B $427M $694M −$132M −$210M
Capital expenditure $73.0M $128M $143M $91.0M $31.0M $106M $92.0M $130M $30.0M $165M
Free cash flow $821M $624M $429M $543M $610M $903M $335M $564M −$162M −$375M
Depreciation and amortization $344M $354M $330M $333M $364M $517M $610M $559M $297M $231M
Stock-based compensation $61.0M $77.0M $72.0M $107M $108M $154M $125M $177M $47.0M $34.0M
Acquisitions $0.0M $8.0M $160M $203M $25.0M $2.5B $13.0M $7.0M $0.0M $0.0M
Share buybacks $250M $350M $210M $96.0M $41.0M $0.0M $0.0M $0.0M $56.0M $74.0M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $250M $350M $210M $96.0M $41.0M $0.0M $0.0M $0.0M $56.0M $74.0M
Balance sheet
Cash and short-term investments $498M $537M $464M $509M $338M $221M $218M $256M $722M $231M
Total debt $3.1B $3.1B $3.4B $3.9B $3.3B $5.7B $5.8B $2.6B $1.1B $1.1B
Finance lease liabilities $0.0M $0.0M $0.0M $35.0M $38.0M $29.0M $13.0M $15.0M $14.0M $19.0M
Current assets $2.8B $2.8B $3.0B $3.1B $2.5B $2.9B $3.1B $1.2B $1.7B $1.1B
Current liabilities $2.0B $1.9B $2.3B $2.5B $2.1B $2.8B $2.7B $1.3B $1.4B $1.1B
Inventory $699M $780M $806M $784M $601M $754M $357M $250M $208M $217M
Property and equipment, net $287M $341M $359M $413M $373M $703M $227M $207M $192M $174M
Total assets $7.7B $7.7B $7.8B $9.0B $8.4B $11.6B $11.5B $5.0B $4.5B $3.9B
Total liabilities $6.1B $6.1B $6.5B $7.5B $7.1B $10.1B $9.8B $4.7B $3.2B $2.8B
Shareholders' equity $695M $719M $395M $1.1B $1.0B $1.3B $1.5B $25.0M $933M $948M
Margins
Gross margin 67.9% 68.9% — — — — — — — —
Operating margin 10.3% 10.6% 3.0% 8.8% 3.6% 0.4% −1.6% −4.2% −1.4% 1.0%
EBITDA margin 15.6% 16.0% 8.1% 13.7% 9.4% 7.6% 17.6% 13.4% 9.2% 9.6%
Net margin 4.1% 3.6% −1.4% 8.2% −1.3% 1.4% 1.9% −13.5% 34.0% 2.3%
FCF margin 12.6% 9.6% 6.7% 7.9% 9.8% 12.6% 10.6% 17.8% −5.8% −14.0%
Returns
Return on capital 14.5% 10.5% 2.9% 15.7% 4.1% 0.4% −0.6% −2.2% −1.6% 1.3%
Return on capital employed 11.7% 12.1% 3.4% 10.2% 3.5% 0.3% −0.6% −2.2% −1.1% 0.9%
Return on equity 38.2% 32.8% −15.8% 75.3% −7.3% 8.4% 4.4% −56.9% 200.0% 6.6%
Return on assets 3.5% 3.0% −1.1% 6.7% −0.9% 1.0% 0.5% −5.2% 20.3% 1.5%
Growth
Revenue growth 2.7% −0.4% −1.7% 8.0% −10.2% 15.3% −55.7% −0.3% −11.0% −4.7%
Net income growth — −14.1% −137.9% — −114.0% — −38.1% −813.3% — −93.5%
EPS growth — −43.3% −219.6% — −125.6% — −48.4% −1,087.5% — −95.4%
FCF growth 36.4% −24.0% −31.3% 26.6% 12.3% 48.0% −62.9% 68.4% −128.7% —
Share count change −22.9% −1.7% −6.8% 22.6% −11.6% 2.2% 4.2% 2.9% 2.9% −2.5%
Financial health
Net debt / EBITDA 2.6x 2.4x 5.6x 3.6x 5.2x 10.1x 10.0x 5.5x 1.5x 3.5x
Debt / equity 4.5x 4.3x 8.5x 3.5x 3.2x 4.5x 3.9x — 1.2x 1.2x
Interest coverage 4.0x 4.2x 1.1x 3.1x 1.0x 0.1x −0.2x −0.5x −0.3x 0.4x
Current ratio 1.4x 1.5x 1.3x 1.2x 1.2x 1.0x 1.1x 0.9x 1.2x 1.0x
Quick ratio 1.1x 1.1x 1.0x 0.9x 0.9x 0.8x 1.0x 0.7x 1.0x 0.8x
Capital allocation
Capex / revenue 1.1% 2.0% 2.2% 1.3% 0.5% 1.5% 2.9% 4.1% 1.1% 6.1%
Stock comp / revenue 0.9% 1.2% 1.1% 1.6% 1.7% 2.2% 3.9% 5.6% 1.7% 1.3%
Payouts / FCF 30.5% 56.1% 49.0% 17.7% 6.7% 0.0% 0.0% 0.0% — —
Quality scores
Piotroski F-score 7.0 7.0 3.0 5.0 4.0 5.0 5.0 4.0 5.0 3.0
Altman Z'' 1.8 1.9 1.1 1.4 1.0 0.5 0.6 −0.6 1.0 0.9
Accruals ratio −8.2% −6.8% −8.6% −0.8% −8.3% −9.1% −3.2% −13.6% 23.1% 6.5%

Source: SEC EDGAR XBRL filings (CIK 0000070866). Data updated October 12, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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