NATL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $45.42
Market Cap (MRQ) $3.35B
P/E (TTM) 17.6
EPS (TTM) $2.58
Revenue (TTM) $4.42B
ROE (TTM) 48.2%
Debt/Equity (MRQ) 5.8
52W Range $33–$49

NATL Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
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10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$4.35B
2021-12-31 → 2025-12-31
EPS$2.14
2021-12-31 → 2025-12-31
Free Cash Flow$239M
2023-12-31 → 2025-12-31
Net margin4.4%
2023-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend NATL 5Y avg Peer Median Verdict
P/E (TTM) 17.65Y avg ≈12.6 ≈12.6 20.0 Undervalued
P/S (TTM) 0.85Y avg ≈0.5 ≈0.5 2.6 Undervalued
P/B (MRQ) 7.25Y avg ≈8.0 ≈8.0 5.5 Overvalued
EV / EBITDA 7.4 · 9.6 Undervalued
Price / FCF (TTM) 21.45Y avg ≈9.4 ≈9.4 · ·
Price / Cash Flow (TTM) 12.15Y avg ≈6.6 ≈6.6 9.6 Undervalued
EV / Revenue 1.3 · · ·
EV / FCF 23.3 · · ·
Price / Tangible Book (MRQ) 257.8 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 9.8%
Next Report Nov 03, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 18, 2026 $1.58 $0.99 58.9%
March 31, 2026 May 18, 2026 $0.65 $0.89 -26.9%
Dec. 31, 2025 $1.49 $1.38 7.6%
Sept. 30, 2025 $1.09 $1.09 -0.31%
June 30, 2025 $0.93 $0.86 8.4%
March 31, 2025 $0.64 $0.58 11.1%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

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Income Statement 14
Metric Trend 20252024202320222021
Revenue $4.35B$4.30B$4.19B$4.12B$3.55B
R&D Expense $70M$62M$80M$64M$107M
SG&A Expense $513M$521M$585M$586M$537M
Operating Expenses $3.88B$3.87B$3.92B$3.86B$3.30B
Operating Income $478M$437M$263M$258M$248M
Other Non-op $-19M$21M$-84M$-9M$52M
Pretax Income $189M$125M$89M$146M$251M
Income Tax $27M$44M$237M$48M$64M
Net Income $162M$80M$-150M$99M$186M
EPS (Basic) $2.20$1.11$-2.12$1.40$2.63
EPS (Diluted) $2.14$1.08$-2.12$1.40$2.63
Shares (Basic) 73,500,00072,200,00070,600,00070,600,00070,600,000
Shares (Diluted) 75,600,00074,200,00070,600,00070,600,00070,600,000
EBITDA $755M$437M$271M··
Balance Sheet 26
Metric Trend 20252024202320222021
Cash & Equivalents $456M$419M$339M$293M$238M
Receivables $550M$581M$707M$455M·
Inventory $342M$307M$333M$419M·
Other Current Assets $301M$232M$244M$231M·
Current Assets $1.82B$1.75B$1.86B$1.65B·
PP&E (Net) $511M$474M$468M$412M·
PP&E (Gross) ··$1.01B$714M·
Accum. Depreciation ··$539M$302M·
Goodwill $1.96B$1.95B$1.95B$1.95B$1.91B
Intangibles $498M$550M$635M$729M·
Other Non-current Assets $153M$156M$169M$123M·
Total Assets $5.67B$5.54B$5.70B$5.77B·
Accounts Payable $617M$564M$505M$350M·
Current Liabilities $1.90B$1.72B$1.77B$1.37B·
Capital Leases $139M$110M$109M$59M·
Deferred Tax $41M$40M$34M$201M·
Other Non-current Liabilities $135M$120M$141M$103M·
Total Liabilities $5.27B$5.31B$5.48B$2.51B·
Long-term Debt $2.67B$2.86B$3.10B··
Total Debt $2.67B$2.86B···
Common Stock $1M$1M$1M$0·
Retained Earnings $299M$188M$117M$0·
AOCI $38M$-17M$89M$-63M·
Stockholders' Equity $403M$219M$219M$3.26B·
Liabilities + Equity $5.67B$5.54B$5.70B$5.77B·
Shares Outstanding 73,700,00073,000,00071,000,00000
Cash Flow 14
Metric Trend 20252024202320222021
D&A $277M$287M$254M··
Stock-based Comp $34M$38M$68M$66M$82M
Deferred Tax $-1M$-19M$74M$-28M$19M
Amort. of Intangibles $95M$95M$98M$100M$55M
Other Non-cash $-116M····
Operating Cash Flow $356M$344M$355M$274M$449M
CapEx $117M$87M$108M$58M$80M
Investing Cash Flow $-116M$-135M$-316M$-417M$-2.49B
Stock Repurchased $28M$0$0··
Net Stock Activity $-28M····
Financing Cash Flow $-253M$-134M$31M$183M$2.35B
Net Change in Cash $3M$55M$87M$29M$300M
Taxes Paid $83M$54M$69M$32M$42M
Free Cash Flow $239M$257M$247M··
Profitability 7
Metric Trend 20252024202320222021
Operating Margin 11.0%10.2%6.5%··
Net Margin 3.7%1.9%-3.2%··
Pretax Margin 4.3%2.9%2.5%··
EBITDA Margin 17.3%10.2%6.5%··
ROA 2.9%1.4%-2.3%··
ROE 52.1%36.5%-7.6%··
ROIC 13.3%9.2%-117.7%··
Liquidity & Solvency 4
Metric Trend 20252024202320222021
Current Ratio 1.01.01.1··
Quick Ratio 0.50.60.6··
Debt / Equity 6.613.1···
LT Debt / Equity 6.613.1···
Efficiency 2
Metric Trend 20252024202320222021
Asset Turnover 0.80.80.7··
Receivables Turnover 7.76.77.2··
Per Share 5
Metric Trend 20252024202320222021
Book Value / Share $5.47$3.09$4.01··
Revenue / Share $57.59$58.02$59.36··
Cash Flow / Share $4.71$4.64$5.03··
Cash / Share $6.19$5.91$4.78··
EPS (TTM) $2.14$1.08$-2.12··
Growth Rates 6
Metric Trend 20252024202320222021
Revenue YoY 1.1%2.8%1.6%16.2%·
Revenue CAGR 3Y 1.8%6.7%···
EPS YoY 98.2%··-46.8%·
EPS CAGR 3Y 15.2%-25.7%···
Net Income YoY 102.5%··-46.8%·
Net Income CAGR 3Y 17.8%-24.5%···
Valuation (TTM) 13
Metric Trend 20252024202320222021
Revenue TTM $4.35B$4.30B$4.19B··
Net Income TTM $162M$80M$-150M··
Market Cap $2.81B$2.40B$1.72B··
Enterprise Value $5.02B$4.84B···
P/E 17.831.4-11.5··
P/S 0.60.60.4··
P/B 7.011.06.1··
P / Cash Flow 7.97.04.9··
P / FCF 11.89.47.0··
EV / EBITDA 6.711.1···
EV / FCF 21.018.9···
EV / Revenue 1.21.1···
Earnings Yield 5.6%3.2%-8.7%··

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $4.35B $4.30B $4.19B $4.12B $3.55B
Operating Margin % 11.0% 10.2% 6.5% · ·
Net Income $162M $80M $-150M $99M $186M
Diluted EPS $2.14 $1.08 $-2.12 $1.40 $2.63

Institutional owners (13F) 386 filers · $3.4B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 386
Value held $3.4B
New positions 55
Exited positions 52
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
55 (-26 vs prior Q) 52 (+10 vs prior Q) 99 (+2 vs prior Q) 102 (+5 vs prior Q) +3.4M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
BlackRock, Inc. $469,854,127 10,823,638 13.99% Shares
VANGUARD GROUP INC $306,657,260 8,046,635 9.13% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $185,999,001 4,284,704 5.54% Shares
BANK OF AMERICA CORP /DE/ $172,249,969 3,967,979 5.13% Shares
VANGUARD CAPITAL MANAGEMENT LLC $144,133,355 3,320,280 4.29% Shares
STATE STREET CORP $128,154,568 2,952,190 3.82% Shares
Engine Capital Management, LP $112,064,000 2,581,525 3.34% Shares
ALLIANCEBERNSTEIN L.P. $99,763,772 2,289,210 2.97% Shares
GOLDMAN SACHS GROUP INC $90,912,362 2,094,272 2.71% Shares
GEODE CAPITAL MANAGEMENT, LLC $90,400,609 2,082,141 2.69% Shares
FULLER & THALER ASSET MANAGEMENT, INC. $87,325,111 2,011,636 2.60% Shares
DIMENSIONAL FUND ADVISORS LP $75,349,924 1,735,877 2.24% Shares
ALTA FOX CAPITAL MANAGEMENT, LLC $67,758,191 1,560,889 2.02% Shares
CITIGROUP INC $58,195,923 1,340,611 1.73% Shares
MILLENNIUM MANAGEMENT LLC $49,623,360 1,143,132 1.48% Shares
Man Group plc $49,428,623 1,138,646 1.47% Shares
AQR Arbitrage LLC $49,173,680 1,148,113 1.46% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $48,702,895 1,121,928 1.45% Shares
Coliseum Capital Management, LLC $46,497,666 1,071,128 1.38% Shares
SOROS FUND MANAGEMENT LLC $44,866,926 1,033,562 1.34% Shares
Hudson Bay Capital Management LP $43,102,397 992,914 1.28% Shares
BNP PARIBAS ASSET MANAGEMENT Holding S.A. $39,846,864 917,919 1.19% Shares
VICTORY CAPITAL MANAGEMENT INC $39,308,927 905,527 1.17% Shares
TIG Advisors, LLC $36,089,381 831,361 1.07% Shares
NORTHERN TRUST CORP $35,615,864 820,453 1.06% Shares
MORGAN STANLEY $30,454,185 701,547 0.91% Shares
ALPINE ASSOCIATES MANAGEMENT INC. $28,895,868 665,650 0.86% Shares
Grantham, Mayo, Van Otterloo & Co. LLC $26,686,384 614,752 0.79% Shares
Qube Research & Technologies Ltd $24,304,521 559,883 0.72% Shares
Squarepoint Ops LLC $23,773,183 547,643 0.71% Shares
BREACH INLET CAPITAL MANAGEMENT, LLC $23,557,001 542,663 0.70% Shares
VANGUARD FIDUCIARY TRUST CO $22,967,450 529,082 0.68% Shares
Bank of New York Mellon Corp $20,239,959 466,251 0.60% Shares
ROYCE & ASSOCIATES LP $17,031,610 392,343 0.51% Shares
D. E. Shaw & Co., Inc. $16,938,192 390,191 0.50% Shares
Balyasny Asset Management L.P. $16,759,863 386,083 0.50% Shares
Glenmede Investment Management, LP $16,694,603 424,691 0.50% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $16,214,677 373,524 0.48% Shares
Woodline Partners LP $15,919,836 366,732 0.47% Shares
PRINCIPAL FINANCIAL GROUP INC $15,657,249 360,683 0.47% Shares
GLENMEDE TRUST CO NA $14,892,104 343,057 0.44% Shares
Crescent Grove Advisors, LLC $14,712,362 338,916 0.44% Shares
KING LUTHER CAPITAL MANAGEMENT CORP $14,390,502 331,502 0.43% Shares
Invesco Ltd. $13,855,647 319,181 0.41% Shares
TWO SIGMA INVESTMENTS, LP $13,809,806 318,125 0.41% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $13,210,271 304,314 0.39% Shares
Kintayl Capital LP $12,075,316 278,169 0.36% Shares
FRANKLIN RESOURCES INC $12,065,247 277,937 0.36% Shares
Public Sector Pension Investment Board $11,007,126 253,562 0.33% Shares
UBS Group AG $10,616,046 244,553 0.32% Shares

Show all 386 institutional owners →

Company insiders 18 insiders · 8 officers · 7 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Andrew R Wamser Jr EVP & Chief Financial Officer March 10, 2026 A 142,777 0 0 $0
Campbell Paul J. EVP & Chief Financial Officer Aug. 16, 2024 M 43,492 0 0 $0
Stuart Mackinnon EVP & Chief Operating Officer March 10, 2026 A 161,848 0 0 $0
Ricardo J Nunez EVP, General Counsel & Sectry Oct. 1, 2026 M 106,175 0 0 $0
Andrea Richards Burson Chief Human Resources Officer March 10, 2026 A 33,117 0 0 $0
Traci Hornfeck Chief Accounting Officer March 10, 2026 A 36,714 0 0 $0
Andrew R Duvall Chief Accounting Officer Feb. 25, 2025 M 17,046 0 0 $0
Lashawne Meriwether Chief Human Resource Officer Feb. 16, 2024 A 15,496 0 0 $0
Joseph E Reece Director Sept. 30, 2026 A 47,953 0 0 $0
Mary Ellen Baker Director May 21, 2026 A 23,975 0 0 $0
Odilon Almeida Director May 21, 2026 A 23,975 0 0 $0
Jeffry H. Von Gillern Director May 21, 2026 A 23,975 0 0 $0
Frank A Natoli Director May 21, 2026 A 23,975 0 0 $0
Michelle M Frymire Director Nov. 19, 2025 S 10,838 0 1 $-307,686
Mark W Begor Director May 21, 2025 M 31,475 0 0 $0
NCR CORP 10% owner Oct. 16, 2023 J 0 0 0 $0
Duncan L Niederauer · May 21, 2026 A 11,472 0 0 $0
Timothy Charles Oliver · March 10, 2026 A 542,068 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 46 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
CSD · Invesco Exchange-Traded Fund Trust 1.79% 84,752 SH Oct. 2, 2026 Daily
MNA · New York Life Investments ETF Trust 1.62% 86,479 NS July 31, 2026 N-PORT
PSCF · Invesco Exchange-Traded Fund Trust … 0.79% 4,785 SH Oct. 2, 2026 Daily
SAWS · ETF Series Solutions 0.60% 992 NS July 31, 2026 N-PORT
RWJ · Invesco Exchange-Traded Fund Trust … 0.28% 122,001 SH Oct. 2, 2026 Daily
IWO · iShares Trust 0.22% 694,382 SH Sept. 11, 2026 Daily
VIOG · VANGUARD ADMIRAL FUNDS 0.22% 54,448 SH Aug. 19, 2026 Daily
QVMS · Invesco Exchange-Traded Fund Trust … 0.21% 11,126 SH Oct. 2, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS 0.19% 79,186 SH Aug. 19, 2026 Daily
VIOO · VANGUARD ADMIRAL FUNDS 0.17% 257,926 SH Aug. 19, 2026 Daily
BKSE · BNY Mellon ETF Trust 0.15% 2,865 NS July 31, 2026 N-PORT
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.13% 19,925 NS July 31, 2026 N-PORT
VIOV · VANGUARD ADMIRAL FUNDS 0.13% 59,491 SH Aug. 19, 2026 Daily
IWM · iShares Trust 0.11% 1,896,485 SH Sept. 11, 2026 Daily
RSSL · Global X Funds 0.11% 35,448 NS July 31, 2026 N-PORT
VTWO · VANGUARD SCOTTSDALE FUNDS 0.10% 426,124 SH Aug. 19, 2026 Daily
DFAS · Dimensional ETF Trust 0.08% 244,333 NS July 31, 2026 N-PORT
VBR · VANGUARD INDEX FUNDS 0.07% 1,074,530 SH Aug. 19, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.04% 846,770 SH Aug. 19, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.04% 1,694,695 SH Aug. 19, 2026 Daily
VFH · VANGUARD WORLD FUND 0.04% 119,903 SH Aug. 19, 2026 Daily
FNCL · FIDELITY COVINGTON TRUST 0.04% 19,550 NS July 31, 2026 N-PORT
WSML · iShares Trust 0.03% 4,261 SH Sept. 11, 2026 Daily
TILT · FlexShares Trust 0.03% 13,272 NS July 31, 2026 N-PORT
DXUV · Dimensional ETF Trust 0.02% 2,227 NS July 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.02% 161,252 NS July 31, 2026 N-PORT
OMFS · Invesco Exchange-Traded Self-Indexe… 0.01% 827 SH Oct. 2, 2026 Daily
PRF · Invesco Exchange-Traded Fund Trust 0.01% 23,550 SH Oct. 2, 2026 Daily
DCOR · Dimensional ETF Trust 0.01% 7,437 NS July 31, 2026 N-PORT
ESGV · VANGUARD WORLD FUND 0.01% 16,412 SH Aug. 19, 2026 Daily
DFAU · Dimensional ETF Trust 0.01% 18,202 NS July 31, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.01% 24,309 NS July 31, 2026 N-PORT
IWV · iShares Trust 0.01% 22,050 SH Sept. 11, 2026 Daily
ITOT · iShares Trust 0.00% 92,014 SH Sept. 11, 2026 Daily
ESSC · Strategy Shares 0.00% 22 NS July 31, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.00% 2,342,260 SH Aug. 19, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.00% 56,359 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 6,237 SH Aug. 19, 2026 Daily
DFUV · Dimensional ETF Trust 0.00% 1 NS July 31, 2026 N-PORT
DFSU · Dimensional ETF Trust 0.00% 1 NS July 31, 2026 N-PORT
IJR · iShares Trust · 4,501,478 SH Sept. 10, 2026 Daily
IJT · iShares Trust · 431,940 SH Sept. 9, 2026 Daily
IJS · iShares Trust · 249,620 SH Sept. 8, 2026 Daily
XJR · iShares Trust · 10,217 SH Aug. 31, 2026 Daily
ISCB · iShares Trust · 3,470 SH Sept. 11, 2026 Daily
ISCV · iShares Trust · 16,288 SH Sept. 11, 2026 Daily

NATL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 9 analysts SELL
Median target $50.20 +10.5%
0 0.0% Strong Buy
0 0.0% Buy
6 66.7% Hold
1 11.1% Sell
2 22.2% Strong Sell

12-Month Price Target

2 analysts · 2026-09-30

Mean target $50.20 +10.5%

← Below all targets Current price $45.42
Low$50.00 Mean$50.20 High$50.40

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
NATL $2.81B 17.8 1.1% 3.7% 52.1% ·
JKHY $14.41B 19.7 7.1% 19.8% 24.0% ·
WEX $5.11B 17.6 1.2% 11.4% 27.5% ·
RELY $2.91B 44.5 29.4% 4.2% 8.3% ·
PAY · 60.8 37.2% 5.6% 12.4% 24.8%
SEZL · 17.1 66.1% · · ·
FOUR · · 25.5% 2.9% 10.6% ·
PAYO $1.96B 29.6 7.7% 7.0% 9.9% ·
WU $2.94B 6.1 -3.8% 12.3% 54.3% ·
EEFT · 11.1 6.4% 7.3% 24.4% ·
FLYW $1.70B 128.7 26.6% 2.2% 1.7% ·

Latest News Recent headlines mentioning this company

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Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

25

No open signal right now — no card is filled, and that's honest.

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-Q filed Aug 5, 2026