Stock Analysis · NCR Voyix Corporation (VYX)
Overview
NCR Voyix Corporation (VYX) provides technology that helps businesses run day-to-day customer transactions. In simple terms, it sells and supports the “behind-the-counter” systems used in places like retail stores, restaurants, and banks—covering software, hardware, and ongoing services that keep payments, ordering, and self-service running.
The company’s business model typically combines (1) selling or installing equipment and software and (2) recurring revenue from services such as maintenance, support, and managed or cloud-based offerings. This mix matters for long-term stability: recurring services can be steadier, while hardware/projects can be more cyclical.
NCR Voyix reports revenue by business lines in its SEC filings. The main sources generally relate to solutions for:
- Retail (store technology, self-checkout, payments, software, and services)
- Restaurants (point-of-sale, ordering, digital engagement, and services)
- Digital Banking (digital channels and self-service/branch technology, plus services)
Percentages can vary by year and reporting structure; the most reliable breakdown is the company’s segment reporting in its latest Form 10-K and 10-Q.
Across the years shown, total revenue trends downward (from about $3.7B in 2021 to about $2.8B in 2024), while gross profit also declines. Interest expense is notable, which can reduce flexibility because debt servicing has priority over reinvestment.
Key Figures
| Metric | Value | Industry ⓘ |
|---|---|---|
| Date | Feb 08, 2026 | |
| Context | ||
| Sector | Technology | |
| Industry | Information Technology Services | |
| Market Cap ⓘ | $1.36B | |
| Beta ⓘ | 1.56 | |
| Fundamental | ||
| P/E Ratio ⓘ | N/A | 21.42 |
| Profit Margin ⓘ | -1.77% | 4.91% |
| Revenue Growth ⓘ | -3.40% | 6.15% |
| Debt to Equity ⓘ | 118.42% | 54.49% |
| PEG ⓘ | N/A | |
| Free Cash Flow ⓘ | -$532.00M | |
NCR Voyix is a smaller public company by market value (about $1.36B). The stock has shown higher-than-market sensitivity (beta ~1.56), which often means larger price swings. Recent fundamentals in the table point to pressure on performance: profit margin is -1.77% versus an industry median near 4.91%, and year-over-year revenue growth is -3.4% versus an industry median near 6.15%. Leverage is also elevated with debt-to-equity ~118% compared with an industry median around 54%. Free cash flow over the trailing twelve months is -$532M, indicating cash outflows exceed inflows over that period.
Growth (Medium)
NCR Voyix operates in markets that are structurally supported by long-term trends: more self-service in stores, more digital ordering in restaurants, and continued modernization of bank channels. These themes can create ongoing demand for integrated software and services, especially when customers want fewer vendors and more end-to-end systems.
That said, the company’s recent revenue trajectory has been negative, which suggests that capturing those industry trends is not automatic. Execution (product competitiveness, customer retention, and successful rollouts) becomes the deciding factor for whether the company benefits from a growing “digital transaction” environment.
The revenue growth pattern shows a shift from strong positive growth in 2021–2022 to steep declines in 2023 and continued negative comparisons through 2024–2025 (though the pace of decline appears to moderate in the most recent points). For long-term business momentum, a key item to watch in filings is whether revenue stabilizes and returns to consistent positive growth without relying on one-time factors.
Free cash flow declines sharply over time, moving from strongly positive levels (over $700M–$800M in 2021–2022) to around -$200M by early 2025, with the latest table showing -$532M. In plain language, this is important because sustained negative free cash flow can limit the ability to reduce debt, reinvest in products, or absorb downturns without additional financing.
Potential catalysts typically discussed in filings include: higher software and services mix (more recurring revenue), cost reduction programs, improved margins through operational efficiency, and balance-sheet actions that lower interest burden. Whether these catalysts materialize is usually visible in segment performance and cash flow statements over multiple quarters.
Risks (High)
This article is for informational purposes only and does not constitute financial advice. Some content is AI-generated. See Disclaimer
