The Filing Desk

Corpay vs NCR Atleos

Corpay CPAY · NCR Atleos NATL · Transaction & Payment Processing Services

Corpay reported revenue of $4.5 billion in fiscal 2025, about the same as NCR Atleos' $4.4 billion in fiscal 2025. Corpay's revenue grew 13.9% in its latest year, and NCR Atleos' grew 1.1%. Corpay had an operating margin of 44.0%, against 11.0% at NCR Atleos. Free cash flow was $1.3 billion at Corpay and $239 million at NCR Atleos.

Side by side

CorpayNCR Atleos
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$4.5B$4.4B
Revenue growth13.9%1.1%
Revenue growth a year, last 5 years13.6%—
Gross margin——
Operating margin44.0%11.0%
Net margin23.6%3.7%
Free cash flow$1.3B$239M
Free cash flow margin28.7%5.5%
Return on capital11.5%15.5%
Net debt to EBITDA3.8x3.0x
Dividends and buybacks$783M$28M
Change in diluted share count−1.1%1.9%
Last close$455.16$47.18
P/E at the last close25.0×13.4×
Insider trades, last 12 monthsbought $2.5 million, sold $148.2 millionsold $307,686
Piotroski F-score5 of 86 of 8
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
CorpayNCR Atleos
Operating margin
Percent of revenue
CorpayNCR Atleos
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
CorpayNCR Atleos

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Corpay and NCR Atleos pages.