VYX Technology

NCR Voyix Corporation

$8.80-1.35%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Technology
Industry: Information Technology Services
Country: United States
Market cap: 1.2B USD
Enterprise value: 1.9B USD
Full-time employees: 13,500

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback: less profitable than most peersless profitable than peers
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.50 vs a peer median of 0.87), less short-term liquidity (current ratio 1.07 vs a peer median of 1.83) and more debt relative to equity (1.19× vs a peer median of 0.25×)higher risk: bigger price swings (beta 1.50 vs peers 0.87), less liquidity (current ratio 1.07 vs peers 1.83) and more debt vs equity (1.19× vs peers 0.25×)
About average: growth

Ranks #1,114 of 1,612 technology companies (bottom 31%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.
NCR Voyix reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.
Returning more cash than it generates. Paid out $130M vs $27M of free cash flow over the 3 fiscal years to 2025.
NCR Voyix returned $130M to shareholders over three years, 481% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.
Stock pay outran buybacks. Stock-based pay expense $258M vs $130M spent repurchasing shares over the 3 fiscal years to 2025. Shares outstanding changed +0.1% from December 2022 to July 2026.
Over three fiscal years NCR Voyix recorded $258M of stock-based pay expense and spent $130M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years NCR Voyix recorded $258M of stock-based pay expense and spent $130M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.
Investment surge. Capital spending 6.1% of revenue, up from 2.9% in 2022.
NCR Voyix is spending 6.1% of revenue on facilities and equipment, up from 2.9% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.

StockQuotient Score

41/ 100▼ 1 since Oct 27 close

Oct 5 43 → Nov 4 41 (-2)

Valuation

Is the price right?

80/100

Strong▼ 5 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 85 → 80

Share price +13.8%-5
Company's reported figures updated+2
Peer companies moved-2

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ EBITDA yield
▲ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield6.3%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 1.78Sector median: 0.0225 · MAD: 0.0225

EBITDA yield12.1%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 2.18Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield-2.3%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield76.2%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

42/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

12-month revenue fell 5.1%

Why

Mixed versus peers:

▲ 3-yr revenue
▼ EPS growth
▼ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-92.8%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -2.45Sector median: 0.1108 · MAD: 0.3050

3-year revenue growth29.8%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 3.15Sector median: 0.0483 · MAD: 0.0793

Revenue growth-4.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.26Sector median: 0.0853 · MAD: 0.1017

Profitability

Does it earn well?

31/100

Weak▼ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Score 32 → 31

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Operating margin
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin1.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.73Sector median: 0.0631 · MAD: 0.0710

Return on assets2.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.27Sector median: 0.0293 · MAD: 0.0362

Return on invested capital1.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.64Sector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin25.8%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equity8.2%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Debt / equity
▼ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.50

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.70Sector median: 0.8710 · MAD: 0.3700

Current ratio1.07×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.11Sector median: 1.8295 · MAD: 0.6848

Debt / equity1.19×

SEC filings · latest balance sheetReported value33% base weight · Z-score -4.14Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about NCR Voyix

Is NCR Voyix getting weaker?: Its latest SEC filing (Aug 5, 2026) got weaker in some ways: 12-month revenue fell 5.1%. Its overall score is 41/100, down 1 since Oct 28, 2026.
How is NCR Voyix valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 80/100 against 1,711 technology peers. EBITDA yield 12.1% vs a peer median of 4.2% (stronger than 87% of peers).EBITDA yield 12.1% vs peers 4.2% (stronger than 87% of peers). Free cash flow yield -2.3% vs a peer median of 2.7% (weaker than 100% of peers).Free cash flow yield -2.3% vs peers 2.7% (weaker than 100% of peers).
Is NCR Voyix growing?: At about the same pace as its peers. Growth scores 42/100 against 1,711 technology peers. 3-year revenue growth 29.8% vs a peer median of 4.8% (stronger than 94% of peers).3-year revenue growth 29.8% vs peers 4.8% (stronger than 94% of peers). Earnings per share growth -92.8% vs a peer median of 11.1% (weaker than 100% of peers).Earnings per share growth -92.8% vs peers 11.1% (weaker than 100% of peers).
How profitable is NCR Voyix?: Less profitable than most of its peers. Profitability scores 31/100 against 1,711 technology peers. Operating margin 1.1% vs a peer median of 6.3% (weaker than 72% of peers).Operating margin 1.1% vs peers 6.3% (weaker than 72% of peers).
How risky is NCR Voyix?: Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Debt / equity 1.19× vs a peer median of 0.25× (weaker than 86% of peers).Debt / equity 1.19× vs peers 0.25× (weaker than 86% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 5, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

12-month revenue fell 5.1%

	Previous quarter	Latest quarter	Change
Revenue (12 months)	2.7B USD	2.5B USD	−5.1%
Net income (12 months)	74.0M USD	76.0M USD	+2.7%
Operating margin	1.0%	1.1%	+0.1 pts
Free cash flow (12 months)	−288.0M USD	−28.0M USD	−90.3%
Debt	1.1B USD	1.1B USD	+0.1%
Cash	232.0M USD	237.0M USD	+2.2%
Shares outstanding	137.8M	138.1M	+0.2%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Information Technology Services · 33 companies

Valuations in Information Technology Services are near the bottom of their range since 2016.

5% of months since 2016 were valued lower than now.
14% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values −21% and earnings +27% (medians): earnings grew faster than prices.
Median price-to-sales is −47% vs the whole market, against a usual −18%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	0.7%	-1.6%	-4.2%	-1.3%	1.0%	▲ 2.3 pts
Net margin	2.6%	1.9%	-13.5%	34.0%	2.3%	▼ 32 pts
Return on assets (ROA)	0.8%	0.5%	-8.6%	21.5%	1.6%	▼ 20 pts
Return on equity (ROE)	7.7%	4.1%	—	102.7%	6.5%	▼ 96 pts
Free cash flow margin	24.5%	10.6%	17.8%	-5.7%	-14.0%	▼ 8.2 pts
Current ratio	1.02×	1.14×	0.90×	1.18×	1.04×	▼ 12%
Quick ratio	0.76×	1.00×	0.72×	1.03×	0.83×	▼ 19%
Debt to equity	4.52×	3.93×	—	1.18×	1.17×	▼ 1.6%
Interest coverage	0.11×	-0.18×	-0.46×	-0.28×	0.43×	▲ 253%

VYX price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

Drawback: less profitable than most peersless profitable than peers

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.50 vs a peer median of 0.87), less short-term liquidity (current ratio 1.07 vs a peer median of 1.83) and more debt relative to equity (1.19× vs a peer median of 0.25×)higher risk: bigger price swings (beta 1.50 vs peers 0.87), less liquidity (current ratio 1.07 vs peers 1.83) and more debt vs equity (1.19× vs peers 0.25×)

About average: growth

Ranks #1,114 of 1,612 technology companies (bottom 31%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.

NCR Voyix reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.

Returning more cash than it generates. Paid out $130M vs $27M of free cash flow over the 3 fiscal years to 2025.

NCR Voyix returned $130M to shareholders over three years, 481% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.

Stock pay outran buybacks. Stock-based pay expense $258M vs $130M spent repurchasing shares over the 3 fiscal years to 2025. Shares outstanding changed +0.1% from December 2022 to July 2026.

Over three fiscal years NCR Voyix recorded $258M of stock-based pay expense and spent $130M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years NCR Voyix recorded $258M of stock-based pay expense and spent $130M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.

Investment surge. Capital spending 6.1% of revenue, up from 2.9% in 2022.

NCR Voyix is spending 6.1% of revenue on facilities and equipment, up from 2.9% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.

Questions investors ask about NCR Voyix

Is NCR Voyix getting weaker?

Its latest SEC filing (Aug 5, 2026) got weaker in some ways: 12-month revenue fell 5.1%. Its overall score is 41/100, down 1 since Oct 28, 2026.

How is NCR Voyix valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 80/100 against 1,711 technology peers. EBITDA yield 12.1% vs a peer median of 4.2% (stronger than 87% of peers).EBITDA yield 12.1% vs peers 4.2% (stronger than 87% of peers). Free cash flow yield -2.3% vs a peer median of 2.7% (weaker than 100% of peers).Free cash flow yield -2.3% vs peers 2.7% (weaker than 100% of peers).

Is NCR Voyix growing?

At about the same pace as its peers. Growth scores 42/100 against 1,711 technology peers. 3-year revenue growth 29.8% vs a peer median of 4.8% (stronger than 94% of peers).3-year revenue growth 29.8% vs peers 4.8% (stronger than 94% of peers). Earnings per share growth -92.8% vs a peer median of 11.1% (weaker than 100% of peers).Earnings per share growth -92.8% vs peers 11.1% (weaker than 100% of peers).

How profitable is NCR Voyix?

Less profitable than most of its peers. Profitability scores 31/100 against 1,711 technology peers. Operating margin 1.1% vs a peer median of 6.3% (weaker than 72% of peers).Operating margin 1.1% vs peers 6.3% (weaker than 72% of peers).

How risky is NCR Voyix?

Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Debt / equity 1.19× vs a peer median of 0.25× (weaker than 86% of peers).Debt / equity 1.19× vs peers 0.25× (weaker than 86% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

2.7B USD

2.5B USD

−5.1%

Net income (12 months)

74.0M USD

76.0M USD

+2.7%

Operating margin

1.0%

1.1%

+0.1 pts

Free cash flow (12 months)

−288.0M USD

−28.0M USD

−90.3%

Debt

1.1B USD

1.1B USD

+0.1%

Cash

232.0M USD

237.0M USD

+2.2%

Shares outstanding

137.8M

138.1M

+0.2%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

0.7%

-1.6%

-4.2%

-1.3%

1.0%

▲ 2.3 pts

Net margin

2.6%

1.9%

-13.5%

34.0%

2.3%

▼ 32 pts

Return on assets (ROA)

0.8%

0.5%

-8.6%

21.5%

1.6%

▼ 20 pts

Return on equity (ROE)

7.7%

4.1%

—

102.7%

6.5%

▼ 96 pts

Free cash flow margin

24.5%

10.6%

17.8%

-5.7%

-14.0%

▼ 8.2 pts

Current ratio

1.02×

1.14×

0.90×

1.18×

1.04×

▼ 12%

Quick ratio

0.76×

1.00×

0.72×

1.03×

0.83×

▼ 19%

Debt to equity

4.52×

3.93×

—

1.18×

1.17×

▼ 1.6%

Interest coverage

0.11×

-0.18×

-0.46×

-0.28×

0.43×

▲ 253%