NCR Atleos vs NetApp
NetApp is the larger business, with $6.24bn of revenue in fiscal 2026 against $4.35bn for NCR Atleos (1.4 times as much). NetApp grew faster (5.6% against 1.1%). NetApp kept more of each dollar of sales as profit: a net margin of 20.5% against 3.7%.
| Latest fiscal year | NCR AtleosNATL, 2025 | NetAppNTAP, 2026 |
|---|---|---|
| Revenue | $4.35bn | $6.24bn |
| Revenue growth | 1.1% | 5.6% |
| Net income | $162m | $1.28bn |
| Operating margin | — | 26.8% |
| Net margin | 3.7% | 20.5% |
| Return on equity | 52.1% | 106.7% |
| Free cash flow | $239m | $1.87bn |
| Cash | $456m | $2.08bn |
| Total debt | $2.79bn | $2.49bn |
| Debt to equity | — | 184.1% |
| Dividend per share | — | $2.08 |
| Dividend yield | — | 1.1% |
| Share buybacks | $28.0m | $950m |
| Employees | 20,000 | 11,700 |
| Market value | $3.44bn | $37.16bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | — | 82 (Strong) |
| Insider trades, 12 months | 0 buys, 1 sales | 0 buys, 43 sales |