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Diebold Nixdorf IncDBDCompetitor analysis, valuation and peers

United States · USD·Information Technology›Electronic Equipment/Instruments

Maker of ATMs and self-checkout/point-of-sale systems for banks and retailers worldwide.

Momentum weak 24
Mkt cap
$1.96B
US dollars, full cap
Free float
98%
of shares outstanding
$/day
$22.5M
20-day average traded
Fwd P/E
10.5×
forward earnings
ROIC−WACC
+5.7 pp
WACC 9.0%
Hurdle
-1 pp
Req g minus delivered
Official | Implied
B+ / BB-
agencies · bond market
Next earnings
97 days
11 Feb 2027
Close · USD$58.27
1D-0.1%
1W+5.8%
1M-7.5%
3M-18.7%
6M-25.3%
YTD-14.2%
1Y-7.9%
ATR %5.0%
Beta0.97
52w lowhigh36.7% off high

What Diebold Nixdorf does

Maker of ATMs and self-checkout/point-of-sale systems for banks and retailers worldwide.

Earns from selling ATMs and checkout systems, but the long-run base is service: maintenance contracts and software run across thousands of banks and retailers over the life of the machines. After a prepackaged Chapter 11 restructuring in 2023 it cut its debt load and restarted from a new equity base.

Products and services

  • ATMs
  • Self-checkout/POS systems
  • Services/software (cash management)

Customers

  • Banks/financial institutions
  • Retailers

Where it sits in the supply chain

  • Information technology
  • Self-service hardware manufacturing
  • Banking and retail technology services

What could go right

  • Bank branch modernization
  • Retail self-checkout adoption

What could go wrong

  • Declining cash usage long-term
  • High leverage post-bankruptcy restructuring

Moat: narrow (installed base, switching costs). Long-lived installed base and multi-year service contracts across banks and retailers globally.

Headquarters: North Canton, Ohio, US · Founded: 1859 · Employees: 20,000

Named competitors

Diebold Nixdorf at a glance

Size Diebold Nixdorf (DBD) is a United States Information Technology company (Electronic Equipment/Instruments) with a market value of $1.96B, the 1805th largest of 3,117 United States companies the cockpit tracks. Shares closed at $58.27 on 6 Nov 2026.

Performance Over six months the shares fell 25.3%, against -20.0% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 21 in its peer set.

Growth Revenue grew 6.2% over the last twelve months (peer median +8.0%); the operating margin is 9.0% (peer median 8.3%).

Valuation It trades at 10.5× forward earnings against a peer median of 19.7× (cheapest of 17).

Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is -1 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 5.7 points above its cost of capital (9.0% WACC).

Backlog Backlog (remaining performance obligations) was $1.40B at 30 Sep 2025, up 8% on a year earlier — 0.4 years of trailing revenue. Backlog detail →

Credit Diebold Nixdorf has 1 bond outstanding ($950M), rated B+ by the agencies and trading like BB- at a weighted spread of 245 bp.

Short interest Short interest is 9.1% of the free float (15 Oct 2026).

Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 81DBD 75
Six months, rebased to 100: Diebold Nixdorf against the median of its 20 peers (local-currency closes).

Diebold Nixdorf financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$3.92B$3.81B$3.75B$3.76B$3.46B
Revenue growth—+1%0%+9%—
Gross profit$1.02B$1.00B$948M$876M$778M
EBITDA$476M$462M$420M$288M$146M
Net income$76.7M$94.6M-$16.5M$1.38B-$581M
Free cash flow$154M$263M$132M-$282M-$441M
Capital expenditure$61.0M$61.7M$40.4M$47.8M$53.1M
Total debt$1.12B$1.08B$1.07B$1.36B$2.74B

Quarterly statements and history in the cockpit →

Diebold Nixdorf competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-40%-20%0%+20%68839067280029806754600651002139300455300007OXIG00294760122260366268800368800630082760355664578039VAIASDBD6-month return →1-month return →
Up and to the right = strong over both horizons. Diebold Nixdorf is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%20×40×60×68839067286754002139300007OXIG0029476012226036626880036880066886123008276457VAIASDBDRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Diebold Nixdorf is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%+60%0%20%40%60%68839067286754300007OXIG00294760366268800368800668861260355664578039VAIASDBDGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Diebold Nixdorf is the large dot.

Diebold Nixdorf competitors and peer comparison

Head to head with its named competitors (DBD vs VYX vs FISV vs NATL)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Diebold Nixdorf DBD$1.96B-25%+6%9%10.5×-2.0%
NCR Voyix VYX$1.35B+17%-5%7%9.9×n/a
Fiserv FISV$33.4B+13%-2%19%8.2×n/a
NCR Atleos NATL$3.49B+7%+2%14%9.6×-9.2%
Toshiba Tec 6588.T$918M-2%+7%3%11.3×n/a
Glory 6457.T$1.53B+16%-8%9%12.2×-8.1%
OKI Electric Industry 6703.T$1.24B-32%-4%4%11.3×10.1%

How Diebold Nixdorf compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Diebold Nixdorf against its 20 peers (data as of 6 Nov 2026)
MeasureDBDPeer medianRank in peer set
1-month return-7.5%-4.4%10th lowest of 21
6-month return-25.3%-20.0%8th lowest of 21
Distance from 52-week high-36.7%-47.1%7th highest of 21
Revenue growth (TTM)+6.2%+8.0%10th lowest of 21
Operating margin9.0%8.3%10th highest of 21
Forward P/E10.5×19.7×cheapest of 17
Growth the price implies (Req g, 7 yrs)-2.0%16.7%2nd least demanding of 15
Growth delivered (Del g)-0.5%+10.4%lowest of 15
Hurdle (Req g minus delivered)-1.5 pp+3.6 pp6th least demanding of 15
ROIC minus cost of capital+5.7 pp-0.4 pp4th highest of 21
EV / EBITDA6.1×12.2×2nd cheapest of 7
Net debt / EBITDA2.0×-1.2×most indebted of 7
Bond spread245 bpn/a—

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Diebold Nixdorf DBDUnited States$1.96B-25%+6%9%10.5×-2.0%-0.5%
Goodwe Technologies 688390.SSChina$1.93B-51%+53%5%17.1×17.4%+41.2%
ULVAC 6728.TJapan$2.01B-34%+7%7%15.5×14.1%+8.0%
Shenzhen Everbest Machinery Industry 002980.SZChina$1.90B-16%+64%23%n/an/an/a
Anritsu 6754.TJapan$1.87B-45%+21%15%16.3×11.3%+2.1%
Shanghai Feilo Acoustics 600651.SSChina$1.82B-30%-11%-3%n/an/an/a
Shenzhen Topband 002139.SZChina$1.81B-8%+9%3%37.7×n/an/a
Beijing Aerospace Shenzhou Intelligent Equipment Technology 300455.SZChina$1.81B-36%-29%-4%n/an/an/a
Hanwei Electronics 300007.SZChina$1.79B-15%-3%2%65.2×40.9%+4.6%
Oxford Instruments OXIG.LUnited Kingdom$1.79B-16%-15%15%21.9×20.1%+5.8%
Suzhou Hengmingda Electronic Technology 002947.SZChina$1.78B-43%+13%18%15.6×9.4%+34.8%
Jiangsu Linyang Energy 601222.SSChina$1.74B-6%+35%8%15.4×n/an/a
Keli Sensing Technology (Ningbo) 603662.SSChina$2.28B-4%+24%19%51.6×24.7%+13.4%
Suzhou TZTEK Technology 688003.SSChina$1.67B-19%+33%5%64.3×42.0%+13.2%
Zhejiang HangKe Technology 688006.SSChina$1.64B-43%+12%3%24.0×16.0%+14.9%
Shenzhen VMAX New Energy (Group) 688612.SSChina$1.63B-21%-6%9%17.5×18.8%+57.4%
Sineng Electric 300827.SZChina$2.35B-25%+29%12%24.7×n/an/a
Hexing Electrical 603556.SSChina$1.61B-23%+6%9%14.2×0.1%+11.3%
Glory 6457.TJapan$1.53B+16%-8%9%12.2×-8.1%+9.3%
TAIFLEX Scientific 8039.TWTaiwan$1.51B+36%+3%6%n/a28.3%+3.9%
Vaisala VAIAS.HEFinland$2.54B+22%+2%16%26.9×9.7%+9.5%

Diebold Nixdorf bonds and credit

Diebold Nixdorf has 1 bond outstanding with $950M face value. The agencies rate it B+; its bonds trade like BB-. Weighted yield 6.93%, a spread of 245 bp over government bonds.

Every bond, yield and spread in the cockpit →

Diebold Nixdorf backlog

Diebold Nixdorf reported $1.40B of remaining performance obligations at 30 Sep 2025, up 8% from a year earlier and flat from the previous quarter. That is 0.4 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.

Questions

Who are Diebold Nixdorf's main competitors?
Named competitors: NCR Voyix (VYX), Fiserv (FISV), GRG Banking (private or unlisted), NCR Atleos (NATL), Toshiba Tec (6588.T), Glory (6457.T). The cockpit's measured peer set (industry) also includes Goodwe Technologies (688390.SS), ULVAC (6728.T), Shenzhen Everbest Machinery Industry (002980.SZ), Anritsu (6754.T), Shanghai Feilo Acoustics (600651.SS), Shenzhen Topband (002139.SZ).
Is Diebold Nixdorf expensive compared with its peers?
On forward p/e it trades at 10.5× against a peer median of 19.7×, cheapest of 17 in its peer set. For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is -1 pp: the price already allows for a slowdown.
How has Diebold Nixdorf stock performed?
Over six months to 6 Nov 2026 the shares returned -25.3% against -20.0% for the median peer; over one year -7.9%.
What is Diebold Nixdorf's backlog?
Diebold Nixdorf's remaining performance obligations (contracted revenue not yet recognised) were $1.40B at 30 Sep 2025, +8% on a year earlier.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.