NCR Atleos (NATL) vs SPS Commerce (SPSC)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
NCR Atleos (NATL) has outperformed SPS Commerce (SPSC) over the past year, gaining 13.7% versus a loss of 23.3%. NCR Atleos is the larger company by market cap ($3.38 billion vs $3.08 billion), about 1.1 times the size, while SPS Commerce is growing revenue faster (+17.8% vs +1.1%). On valuation, NCR Atleos trades at a lower forward P/E (8.5x vs 16.1x for SPS Commerce).
SPS Commerce converts more of its revenue into profit, with a net margin of 12.4% versus 3.7%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | NATL | SPSC |
|---|---|---|
| Share price | $45.76 | $85.57 |
| Market cap | $3.38B | $3.08B |
| 1-day change | +0.31% | +2.70% |
| YTD return | +19.71% | -6.52% |
| 1-year return | +13.74% | -23.29% |
| 5-year return | — | -48.86% |
| P/E ratio (TTM) | 17.74 | 41.34 |
| Forward P/E | 8.54 | 16.07 |
| EPS (TTM) | $2.58 | $2.07 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $4.35B | $751.50M |
| Revenue growth (YoY) | +1.14% | +17.83% |
| Net income (latest FY) | $162.00M | $93.34M |
| Gross margin | — | 69.18% |
| Operating margin | 10.98% | 15.74% |
| Net margin | 3.72% | 12.42% |
| 52-week high | $48.50 | $114.87 |
| 52-week low | $33.31 | $49.04 |
| Distance from 52-week high | -5.65% | -25.51% |
| Analyst consensus | none | none |
| Avg. price target upside | +9.70% | -11.83% |
| Average volume | 705.83K | 554.72K |
| Shares outstanding | 73.90M | 36.00M |
| Employees | 20,000 | 2,948 |
| Sector | Miscellaneous | Technology |
| Industry | Office Equipment/Supplies/Services | Computer Software: Prepackaged Software |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- NATL has outperformed SPSC by 37.0 percentage points over the past year.
- SPS Commerce trades at a higher earnings multiple (41.3x vs 17.7x trailing P/E).
- SPS Commerce is more profitable, keeping 12.4 cents of every revenue dollar as net income versus 3.7 cents for NCR Atleos.
- SPS Commerce grew revenue faster in its latest fiscal year (+17.83% vs +1.14%).
- The two companies sit in different sectors: NCR Atleos in Miscellaneous and SPS Commerce in Technology.
About NCR Atleos
NATL stock →NCR Atleos Corporation, a financial technology company, engages in the provision of self-directed banking solutions to financial institutions, merchants, manufacturers, retailers, and consumers in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Self-Service Banking; Network; and Telecommunications & Technology (T&T).
Miscellaneous · Office Equipment/Supplies/Services · 20,000 employees
About SPS Commerce
SPSC stock →SPS Commerce, Inc. provides cloud-based supply chain management solutions in the United States.
Technology · Computer Software: Prepackaged Software · 2,948 employees
NATL vs SPSC FAQ
Which is bigger, NCR Atleos or SPS Commerce?
NCR Atleos (NATL) is larger, with a market capitalization of $3.38B compared with $3.08B for SPS Commerce (SPSC).
Which stock has performed better over the past year, NATL or SPSC?
NATL returned +13.74% over the past 12 months, compared with -23.29% for SPSC (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NATL or SPSC?
NATL has the lower trailing P/E at 17.7, versus 41.3 for SPSC. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are NCR Atleos and SPS Commerce in the same industry?
No. NCR Atleos is in the Miscellaneous sector, while SPS Commerce is in Technology.