Diebold Nixdorf Inc DBD

Information TechnologyIntegrated Hardware & SoftwareUnited States of America

Last close 59.14 USD on Nov 1, 2026, −18.9% year to date

Quant rating

Quant rating D Rank 281 of 389 in Information Technology

Growth D 273 of 389
Valuation A 7 of 389
Quality C 240 of 389
Revisions D 365 of 389
Momentum D 278 of 389

Wall Street consensus Buy (1.67)Average target 85.00 USD +43.7%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 1.8B
Enterprise value: 2.6B
52-week range: 52.98 – 91.95
3-year range: 18.34 – 91.95
Dividend yield: –
Beta (5 years): –
Shares outstanding: 33.6M
Next earnings: Feb 12, 2027

About the company

Diebold Nixdorf, Incorporated automates, digitizes and transforms the way people bank and shop. The Company has a presence in more than 100 countries with approximately 20,000 employees worldwide. The Company owns or leases and operates key manufacturing facilities and connected administrative spaces in North Canton, Ohio, Manaus, Brazil and Paderborn, Germany totaling approximately 2,700,000 square feet. The Company's segments include Banking and Retail. Its Banking segment provides integrated core operations supporting security and efficient cash management, with offerings including installation, maintenance, managed services, automation, and data intelligence through the AllConnect Data Engine. Its retail product portfolio includes modular and integrated, electronic point-of-sale (EPOS) systems, plus self-service solutions such as self-checkouts (SCOs) and kiosks to meet evolving customer and automation needs.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	3,806	3,751	3,760	3,461	3,905	–
Revenue growth	1.5%	−0.2%	8.7%	−11.4%	0.1%	−0.5%
EPS (basic, normalized)	4.73	2.27	2.84	−0.48	0.80	–
EPS growth	108.4%	−20.1%	–	–	–	–
Gross margin	26.4%	25.3%	23.3%	22.5%	27.1%	24.9%
Net margin	2.5%	−0.4%	36.6%	−16.8%	−2.0%	4.0%
ROE	9.3%	−1.7%	–	–	–	3.8%

Balance sheet, last quarter
Cash & short-term investments (mil)	169
Current ratio	1.27x
Long-term debt (mil)	949
Net debt (mil)	788
Total equity (mil)	936
Net debt / equity	0.84x
Net debt / EBITDA	1.63x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	3,806	+1.5%	0.7x	485	+7.8%	5.4x	4.73	+108.4%	12.5x
2026	3,879	+1.9%	0.7x	496	+2.4%	5.3x	4.93	+4.2%	12.0x
2027	3,978	+2.5%	0.7x	544	+9.6%	4.8x	6.66	+35.1%	8.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	3,879	−0.7%	−0.7%	−0.8%	4.93	−9.7%	−9.8%	−10.2%
2027	3,978	−1.2%	−1.2%	−1.5%	6.66	−8.9%	−5.2%	−2.0%
2028	–	–	–	–	–	–	–	–

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	895	940	927	989	841	915	945	1,104	888	931
Sales mean (mil)	876	913	929	988	844	880	938	1,114	858	926
Surprise	+2.3%	+2.9%	−0.3%	+0.1%	−0.4%	+4.1%	+0.8%	−0.9%	+3.6%	+0.5%
EPS reported	1.19	1.15	0.55	0.97	0.37	0.94	1.38	2.75	0.67	1.10
EPS mean	0.23	1.05	1.14	1.05	0.36	0.58	0.93	1.62	0.61	1.10
Surprise	+412.9%	+9.5%	−51.7%	−8.0%	+2.8%	+61.1%	+47.9%	+69.8%	+8.9%	−0.3%

Peer comparison Integrated Hardware & Software

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
DBD Diebold Nixdorf Inc	1.8B	1.63x	2.5%	1.97x	12.0x	8.9x	5.3x	4.8x
BRQSF Borqs Technologies Inc	3M	–	69.2%	0.52x	–	–	–	–
WLDS Wearable Devices Ltd	3M	–	−1,253.0%	0.16x	–	–	–	–
Mean		1.63x	−393.8%	0.89x	12.0x	8.9x	5.3x	4.8x
Median		1.63x	2.5%	0.52x	12.0x	8.9x	5.3x	4.8x

Technical analysis

1M−9.6%
3M−39.3%
1Y−5.7%
3Y+199.5%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Diebold Nixdorf Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	3,806	3,751	3,760	3,461	3,905	3,902
Cost of revenue	2,802	2,803	2,884	2,683	2,846	2,845
Gross profit	1,003	948	876	778	1,059	1,057
Selling, general & administrative expenses	585	572	630	647	762	806
Research & development	83.8	89.0	95.1	112	127	127
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	92.6	112	−1,533	263	32.6	101
Other operating expenses	0	0	0	0	0	0
Operating income	242	175	1,684	−244	137	24.0
Net interest income (expense)	−121	−129	−247	−197	−191	−300
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	4.0	1.5	11.5	2.2	3.4	6.8
Net income before taxes	125	47.3	1,448	−439	−50.7	−270
Provision for taxes	24.1	64.3	75.7	149	27.7	−1.0
Minority interest	−2.9	−2.0	−0.5	4.2	−0.7	−1.3
Equity in affiliates	−3.5	2.5	4.0	2.2	0.3	0.7
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	94.6	−16.5	1,376	−581	−78.8	−269
Extraordinary items	–	–	–	–	–	–
Net income	94.6	−16.5	1,376	−581	−78.8	−269
EBIT, normalized	335	287	151	19.2	170	125
EBITDA, normalized	468	427	292	149	322	306
Basic EPS, normalized	4.73	2.27	2.84	−0.48	0.80	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Diebold Nixdorf Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	398	313	564	344	423	362
Receivables	609	588	722	612	595	647
Total inventory	521	528	590	588	544	498
Prepaid expenses	50.9	45.8	44.0	50.5	48.2	58.8
Other current assets	208	192	235	176	276	292
Total current assets	1,787	1,668	2,154	1,771	1,887	1,857
Property, plant & equipment	311	266	265	240	298	326
Goodwill	642	586	617	702	744	800
Intangibles	792	779	891	258	348	449
Long-term investments	–	7.0	6.5	7.6	11.0	10.3
Note receivable	–	–	–	–	–	–
Other long-term assets	321	238	229	87.1	220	215
Total assets	3,854	3,544	4,162	3,065	3,507	3,657
Liabilities
Accounts payable	431	460	529	612	706	500
Payable/accrued	–	–	–	–	–	–
Accrued expenses	253	216	200	147	241	282
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	6.1	4.7	4.0	28.1	49.6	12.6
Other current liabilities	681	585	688	818	753	855
Total current liabilities	1,372	1,266	1,421	1,605	1,749	1,650
Long-term debt	938	943	1,256	2,592	2,250	2,339
Minority interest	4.9	8.4	15.4	9.8	8.1	14.6
Other liabilities	440	396	406	240	345	482
Total liabilities	2,754	2,614	3,098	4,446	4,352	4,484
Shareholders' equity
Preferred stock	–	–	0	0	0	0
Common stock	0.4	0.4	0.4	120	118	117
Additional paid-in capital	1,060	1,048	1,039	832	820	788
Retained earnings (accumulated deficit)	91.9	−1.1	17.1	−1,407	−822	−742
Treasury stock	−131	–	0	−586	−582	−577
Other equity	77.8	−118	7.6	−340	−379	−413
Total equity	1,100	930	1,064	−1,381	−845	−827
Total liabilities & shareholders' equity	3,854	3,544	4,162	3,065	3,507	3,657

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Diebold Nixdorf Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	97.5	−14.5	1,377	−586	−78.1	−268
Depreciation, depletion & amortization	128	132	136	126	149	180
Deferred taxes	−48.1	−34.1	36.6	92.9	−12.6	−27.1
Non-cash items	58.0	21.6	−1,600	149	10.1	134
Changes in working capital	65.8	43.9	−204	−170	54.4	92.8
Cash from operations	301	149	−254	−388	123	112
Investing activities
Capital expenditures	−37.4	−17.4	−24.9	−24.4	−20.2	−27.5
Other investing cash flows	−60.2	−28.1	−11.2	0.6	−29.0	−55.1
Cash from investing	−97.6	−45.5	−36.1	−23.8	−49.2	−82.6
Financing activities
Financing cash flow items	−13.2	−66.4	−102	−26.3	3.7	−94.5
Cash dividends paid	–	–	–	–	–	0
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−131	−300	661	376	−7.3	111
Cash from financing	−144	−366	560	350	−3.6	16.9
Foreign exchange effects	16.8	−18.2	4.0	−8.2	−5.7	−3.2
Net change in cash	76.0	−281	273	−69.8	64.4	43.6
Free cash flow	263	132	−279	−412	103	85.0

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.