Kyndryl vs NCR Voyix
Kyndryl reported revenue of $15.1 billion in fiscal 2026, 5.6 times NCR Voyix's $2.7 billion in fiscal 2025. Kyndryl's revenue grew 0.2% in its latest year, and NCR Voyix's fell 4.7%. Free cash flow was $340 million at Kyndryl and −$375 million at NCR Voyix. Their fiscal years end in different months (March 31 and December 31), so the periods don't line up exactly.
Side by side
| Kyndryl | NCR Voyix | |
|---|---|---|
| Latest fiscal year | FY2026, Mar 31, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $15.1B | $2.7B |
| Revenue growth | 0.2% | −4.7% |
| Revenue growth a year, last 5 years | −4.9% | −15.4% |
| Gross margin | 21.8% | — |
| Operating margin | — | 1.0% |
| Net margin | 1.3% | 2.3% |
| Free cash flow | $340M | −$375M |
| Free cash flow margin | 2.2% | −14.0% |
| Return on capital | 7.8% | 1.3% |
| Net debt to EBITDA | 1.8x | 3.5x |
| Dividends and buybacks | $304M | $74M |
| Change in diluted share count | −2.2% | −2.5% |
| Last close | $14.68 | $8.16 |
| P/E at the last close | 39.7× | 19.9× |
| Insider trades, last 12 months | sold $177,248 | sold $104,550 |
| Piotroski F-score | 6 of 9 | 3 of 8 |
Amounts in each company's own currency, US$ 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
KyndrylNCR Voyix
Operating margin
Percent of revenue
KyndrylNCR Voyix
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
KyndrylNCR Voyix
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 Kyndryl and NCR Voyix pages.