NCR VoyixFRA:NCR1 +1.42%62 Gross Margin % is 21.45% as of Mar. 2026, which is 14% below its 10-year median of 24.80. GuruFocus rates FRA:NCR1 with a GF Score™ of 62/100 and a GF Value™ of €9.63 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,677 Software companies, NCR Voyix ranks worse than 73.93% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. NCR Voyix's Gross Profit for the
three
months ended in Mar. 2026 was €112 Mil. NCR Voyix's Revenue for the
three
months ended in Mar. 2026 was €524 Mil. Therefore, NCR Voyix's Gross Margin % for the quarter that ended in Mar. 2026 was 21.45%.
Warning Sign:
NCR Voyix Corp gross margin has been in long-term decline. The average rate of decline per year is -2.3%.
The historical rank and industry rank for NCR Voyix's Gross Margin % or its related term are showing as below:
FRA:NCR1'
s Gross Margin % Range Over the Past 10 Years
Min: 20.48 Med: 24.8 Max: 28.47
Current: 23.51
During the past 13 years, the highestGross Margin % of NCR Voyix was 28.47%. The lowest was 20.48%. And the median was 24.80%.
FRA:NCR1's Gross Margin % is ranked worse than 73.93% of 2677
companies
in the Software industry
Industry Median: 40.49
vs FRA:NCR1: 23.51
NCR Voyix had a gross margin of 21.45% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for NCR Voyix was -2.30% per year.
NCR Voyix (FRA:NCR1) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
NCR Voyix had a gross margin of 21.45% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
NCR Voyix Gross Margin % Related Terms
NCR Voyix Gross Margin % Historical Data
* Premium members only.
The historical data trend for NCR Voyix's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:NCR1 vs MGRT, GLOB, CLVT: Gross Margin % Comparison
For the Information Technology Services subindustry, NCR Voyix's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NCR Voyix Gross Margin % vs Software Industry
For the Software industry and Technology sector, NCR Voyix's Gross Margin % distribution charts can be found below:
* The bar in red indicates where NCR Voyix's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
NCR Voyix (FRA:NCR1) has a Gross Margin % of 21.45% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on NCR Voyix and its competitors. This is 14% below median its historical median of 24.80. Over the past decade, NCR Voyix's Gross Margin % has ranged from 20.48 to 28.47. According to the industry distribution chart, NCR Voyix ranks #1979 out of 2677 companies in the Software industry, placing it in the top 73.9%.
Is NCR Voyix's Gross Margin % too high?
NCR Voyix's current Gross Margin % of 21.45% is 14% below median its 10-year median of 24.80. Over the past 10 years, this metric has ranged from a low of 20.48 to a high of 28.47. The Software industry median Gross Margin % is 40.49. NCR Voyix's value of 21.45% is 47% below this industry median. Based on the distribution chart, NCR Voyix ranks #1979 out of 2677 companies in the Software industry, which is below the industry midpoint. Overall, NCR Voyix has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NCR Voyix's Gross Margin % compare to MGRT and GLOB?
According to the Software industry distribution chart, NCR Voyix ranks #1979 out of 2677 companies for Gross Margin %. This places NCR Voyix in the lower half of its industry. The industry median Gross Margin % is 40.49. NCR Voyix's value of 21.45% is 47% below this benchmark. Historically, NCR Voyix's own Gross Margin % has ranged from 20.48 to 28.47 over the past decade. While the company's 10-year median is 24.80 vs. the industry median of 40.49, NCR Voyix has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Software company?
The median Gross Margin % among Software companies is 40.49, based on 2,677 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NCR Voyix's current Gross Margin % of 21.45% is 47% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on NCR Voyix and its competitors. For the Software industry, the median Gross Margin % is 40.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NCR Voyix's current Gross Margin % is 21.45%, which is 14% below median its own 10-year median of 24.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NCR Voyix stock overvalued right now?
Based on GuruFocus' analysis, NCR Voyix (FRA:NCR1) is currently considered Modestly Undervalued. The stock's GF Value™ is €9.63, compared to a current price of €7.15 — trading 25.8% below its estimated fair value. The current Gross Margin % is 21.45%, which is 14% below median its 10-year median of 24.80 and 47% below the Software industry median of 40.49. NCR Voyix's overall GF Score™ is 62/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For NCR Voyix (FRA:NCR1), the current Gross Margin % is 21.45% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NCR Voyix (FRA:NCR1) Overvalued in 2026?
Based on GuruFocus' analysis, NCR Voyix stock appears to be undervalued.
The current stock price of €7.15 is trading 25.8% below its estimated GF Value™ of €9.63.
GuruFocus considers NCR Voyix to be Modestly Undervalued.
Key valuation signals for FRA:NCR1:
Gross Margin %: 21.45% (14% below median its 10-year median of 24.80)
GF Value™: €9.63 vs. price of €7.15 (25.8% below fair value)
Industry Position: 47% below the Software median (#1979 of 2677)
No single metric tells the full story. See the FRA:NCR1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NCR Voyix Corp is a company providing services of digital commerce solutions for retail, restaurant, and digital banking. The company operates in two reportable segments: Retail, and Restaurants. The Retail segment provides software solutions for retailers of all sizes, enhancing operational efficiency and customer experience. The Restaurants segment offers end-to-end technology solutions for food service establishments, improving operational efficiency, and customer satisfaction, and reducing costs. The company derives maximum revenue from Retail segment. Geographically, the company operates in United States, Americas (excluding United States), Europe, Middle East and Africa, and Asia Pacific. It derives maximum revenue from United States.
62GF Score
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