Diebold Nixdorf, Incorporated
- Open
- 67.11
- Day high
- 68.40
- Day low
- 66.39
- Prev close
- 66.65
- Volume
- 230K
- Mkt cap
- $2.3B
- P/E (TTM)
- 21.7
- EPS (TTM)
- $3.11
- P/B
- 2.4
- P/S
- 0.6
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$50.0M over the last 3 months (1 open-market buy, 8 sales)
- 🏛Institutions accumulating (13F)
Diebold Nixdorf, Incorporated (DBD) is a Technology company listed on NYSE. The stock is up 14% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 8 sales (SEC Form 4). Drillr has 1 published research article covering DBD.
Diebold Nixdorf, Incorporated (DBD) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
DBD earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 29, 2026 | $1.10 | $1.10 | +0.0% | $928M | +0.5% |
| Apr 30, 2026 | $0.61 | $0.60 | -1.6% | $888M | +5.0% |
| Feb 12, 2026 | $1.73 | $2.75 | +59.0% | $1.1B | +25.5% |
| Nov 5, 2025 | $0.66 | $1.39 | +110.6% | $945M | -15.2% |
| May 7, 2025 | $0.55 | $0.07 | -87.3% | $841M | -4.5% |
| Feb 12, 2025 | $1.05 | $0.97 | -7.6% | $989M | +0.1% |
| Nov 7, 2024 | $1.36 | $0.53 | -61.0% | $927M | -6.1% |
| May 2, 2024 | $0.23 | $1.19 | +412.9% | $895M | +2.3% |
| Feb 14, 2024 | $1.39 | $3.02 | +117.3% | $1.0B | +13.5% |
| Nov 9, 2023 | $0.81 | $-2.86 | -453.1% | $943M | -1.4% |
| May 3, 2023 | $0.18 | $-0.85 | -572.2% | $858M | -1.5% |
| Feb 9, 2023 | $0.33 | $0.79 | +139.4% | $969M | -1.4% |
DBD insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 31, 2026 | Timko Thomas Sofficer: EVP, CFO | Buy | 700 | $72.29 |
| Jun 30, 2026 | Millstreet Capital Management LLC10 percent owner | Sell | 100,000 | $84.80 |
| Jun 26, 2026 | Millstreet Capital Management LLC10 percent owner | Sell | 2,741 | $85.06 |
| Jun 26, 2026 | Millstreet Capital Management LLC10 percent owner | Sell | 228,723 | $83.95 |
| Jun 16, 2026 | Millstreet Capital Management LLC10 percent owner | Sell | 159,675 | $82.12 |
| Jun 16, 2026 | Millstreet Capital Management LLC10 percent owner | Sell | 1,765 | $83.91 |
| Jun 12, 2026 | Millstreet Capital Management LLC10 percent owner | Sell | 1,108 | $82.06 |
| Jun 12, 2026 | Millstreet Capital Management LLC10 percent owner | Sell | 17,660 | $82.08 |
| Jun 10, 2026 | Millstreet Capital Management LLC10 percent owner | Sell | 88,334 | $82.99 |
| May 27, 2026 | Marquez Octaviodirector, officer: President and CEO | Buy | 629 | $79.37 |
| May 27, 2026 | Marquez Octaviodirector, officer: President and CEO | Buy | 621 | $79.56 |
| May 22, 2026 | Timko Thomas Sofficer: EVP, CFO | Buy | 672 | $74.36 |
| May 22, 2026 | Parris Colin J.director | Grant | 2,621 | — |
| May 22, 2026 | Myers Jonathanofficer: EVP, Chief Revenue Officer | Buy | 1,360 | $73.41 |
| May 22, 2026 | Markus Maura A.director | Grant | 2,621 | — |
Source: DBD SEC Form 4 filings, latest Jul 31, 2026. For informational purposes only — not investment advice.
See the full DBD insider & 13F page →DBD research & analysis
Diebold Nixdorf, Incorporated company profile
Overview
Diebold Nixdorf, Incorporated (NYSE:DBD) is a global technology company that specializes in automating and digitizing banking and retail operations. Founded in 1859 as Diebold, the company has evolved from a manufacturer of safes and vaults into a leading provider of self-service technology solutions. The company underwent a significant transformation in 2016 when it merged with Germany's Wincor Nixdorf, adopting its current name. Today, Diebold Nixdorf operates worldwide from its headquarters in Hudson, Ohio, serving financial institutions and retailers with hardware, software, and services that enable automated transactions and customer interactions.
Business
Diebold Nixdorf operates in the self-service technology industry, providing automated solutions that allow customers to conduct transactions without human assistance. The company's core business revolves around two main segments that together generated $3.75 billion in revenue in 2024. Banking Segment (approximately 75% of revenue): This division provides comprehensive ATM (Automated Teller Machine) solutions to financial institutions worldwide. The company's flagship products include the DN Series ATMs, which have shipped over 200,000 units globally. A key innovation is their cash recycling technology, which allows ATMs to accept deposits and immediately make those bills available for withdrawal, reducing the need for frequent cash replenishment. Beyond traditional ATMs, the banking segment offers intelligent deposit terminals that can process checks and cash deposits automatically, teller automation tools that help bank employees serve customers more efficiently, and kiosk technologies for various banking services. The company also provides branch automation solutions that help banks reduce operational costs while improving customer service. Retail Segment (approximately 25% of revenue): This division focuses on point-of-sale and self-checkout solutions for retailers. Their primary products include self-checkout terminals that allow customers to scan and pay for items independently, mobile point-of-sale systems that enable staff to process transactions anywhere in the store, and traditional checkout hardware like printers, scales, and scanners. The company has developed the DN Vynamic software suite, which serves as the operating system for these devices, providing a unified platform for managing retail operations. A notable innovation is their Vynamic Smart Vision technology, which uses artificial intelligence to detect and prevent theft at self-checkout stations, addressing one of retailers' biggest concerns about automated checkout systems. Both segments are supported by extensive service operations, which account for approximately 55% of total company revenue and are largely recurring in nature. These services include maintenance, monitoring, software updates, and managed services where Diebold Nixdorf essentially operates the technology on behalf of their customers.
Revenue model
Diebold Nixdorf generates revenue through three primary channels: product sales, software licensing, and ongoing services. Product sales involve the manufacturing and sale of physical hardware like ATMs, self-checkout terminals, and related equipment to banks and retailers. Software licensing provides the operating systems and applications that run on these devices, with the DN Vynamic suite being a key offering. However, the most significant and stable revenue stream comes from services, which represented 55% of total revenue in 2024 and is approximately 70% recurring. The service revenue model includes several components: proactive monitoring and maintenance of installed equipment, where the company remotely tracks device performance and dispatches technicians when needed; managed services where Diebold Nixdorf essentially operates the customer's self-service infrastructure; cash management services for ATMs; and software support and updates. This creates a razor-and-blade business model where initial hardware sales lead to long-term service relationships. The company's customers are primarily large financial institutions and major retailers. In banking, clients include regional and national banks, credit unions, and other financial service providers who need ATM networks and branch automation. In retail, customers range from grocery chains and big-box retailers to specialty stores seeking to reduce labor costs and improve customer experience through self-service options. Several factors influence the company's margins and profitability. Positive margin drivers include the ongoing shift toward cash recycling technology in ATMs, which commands higher prices and service fees; the growing adoption of self-checkout in retail driven by labor shortages and cost pressures; the recurring nature of service revenue which provides stable, higher-margin income; and operational improvements through lean manufacturing principles that have reduced defects by 33% and improved delivery times by 20%. Margin pressures come from commodity price fluctuations affecting manufacturing costs; potential tariffs on components sourced internationally, with an estimated $20 million impact expected in 2025; competitive pricing pressure in mature markets; and the cyclical nature of hardware refresh cycles, particularly in banking where ATM replacement follows predictable patterns but can be delayed during economic uncertainty.
Competitive moat
Diebold Nixdorf's competitive moat is moderate and primarily built on switching costs, installed base advantages, and specialized expertise rather than strong network effects or regulatory barriers. The company benefits from significant customer switching costs, as replacing an entire ATM network or retail point-of-sale system requires substantial capital investment, staff retraining, and operational disruption. Once installed, these systems typically operate for 7-10 years, creating natural customer retention. The company's installed base of hundreds of thousands of devices worldwide generates recurring service revenue and provides opportunities for software upgrades and eventual hardware replacement. This installed base advantage is particularly strong in banking, where Diebold Nixdorf estimates that approximately 75% of the global ATM installed base is still available for refresh with newer technology like cash recyclers. However, the moat faces several challenges. The technology itself is not particularly proprietary - competitors like NCR Corporation, Fujitsu, and others offer similar hardware and software solutions. The barriers to entry for new competitors are relatively low in terms of technology, though establishing global service networks and customer relationships requires significant investment. The company's European retail leadership position (number one in self-checkout shipments) provides some regional competitive advantage, but this doesn't translate to global dominance. Competitive threats include established players like NCR that offer competing solutions; potential disruption from fintech companies and mobile payment solutions that could reduce ATM usage; and the risk that large retailers or banks might develop in-house solutions or partner with technology companies to bypass traditional vendors. The shift toward digital payments and mobile banking also poses a long-term structural challenge to ATM demand, though this trend has been slower than initially predicted and cash usage remains significant globally.
Risks & safety
The company presents a moderate margin of safety with improving but still elevated financial risks. • Liquidity and Solvency: Cash position of $306.5 million as of Q1 2025, current ratio of 1.35, indicating adequate short-term liquidity. Debt-to-equity ratio of 1.07 shows moderate leverage. Free cash flow turned positive at $6.1 million in Q1 2025 after achieving $131.8 million for full year 2024. • Valuation Metrics: EV/EBITDA of 12.5x based on Q1 2025 EBITDA, which appears reasonable for a technology services company. Price-to-book ratio of 1.67 suggests modest premium to book value. The stock has recovered significantly from distressed levels in prior years. • Other Considerations: The company successfully completed a major debt restructuring and has been paying down debt (reduced by $338 million in 2024). Management targets maintaining net leverage around 1.5x. The business model's recurring service revenue (55% of total) provides some earnings stability, though cyclical hardware sales create quarterly volatility.
Recent development
Over the past few years, Diebold Nixdorf has undergone a significant operational transformation focused on margin improvement and cash generation. The company implemented comprehensive lean manufacturing and continuous improvement initiatives, conducting Kaizen events across six countries that resulted in a 33% reduction in manufacturing defects, 20% improvement in on-time delivery, and 30% reduction in lost employee time. Product Innovation and Market Expansion: The company has heavily invested in cash recycling technology, with recycler adoption increasing from 45% of ATM shipments in 2022 to approximately 55% in 2024. This technology allows ATMs to accept deposits and immediately redistribute those bills for withdrawals, reducing operational costs for banks. In retail, the company developed AI-powered solutions including Vynamic Smart Vision for theft detection at self-checkout stations, with pilots underway at major retail chains. Geographic and Market Strategy: Diebold Nixdorf has been expanding manufacturing capabilities in India to improve cost competitiveness and reduce reliance on higher-cost production centers. The company is also investing heavily in the North American retail market, strengthening sales teams and expanding into new retail verticals beyond traditional grocery and big-box stores. Financial Restructuring: The company completed a major balance sheet restructuring, paying down $338 million in debt during 2024 and announcing a $100 million share repurchase program. Management has focused on improving free cash flow conversion, targeting 50% conversion rates within 12-24 months compared to historical underperformance. Service Technology Advancement: The company has been investing in cloud-based service platforms and remote monitoring capabilities to improve service efficiency and reduce costs. These investments support the transition from reactive to proactive maintenance, improving customer satisfaction while reducing service delivery costs.
DBD company profile · for informational purposes only — not investment advice.
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