Diebold Nixdorf, Incorporated
DBD.US Full Coverage
Last updated:
Volume
52W avg
Day Range
52W High
52W Low
Market Cap
Div Yield
Forward P/E
P/B
Headlines
FY2025 Q4
Diebold Nixdorf expanded its market footprint in FY 2025, signing nine new North America retail logos, scaling a pilot with a major retailer into live stores, and obtaining certification to compete for large public‑bank tenders in India. The company generated $3.81 billion of revenue (+1.5% YoY) and record free cash flow of $239 million—more than double the prior year and above the $190‑$210 million guidance—while adjusted EBITDA rose 7.2% to $484.8 million.
Free Cash Flow (FY 2025)
$239.0M
+119.7%
Adjusted EBITDA (FY 2025)
$484.8M
+7.2%
Adjusted EPS (FY 2025)
$5.59
+182.3%
Adj. EBITDA Guidance (FY 2026 Midpoint)
$522.5M
+7.8%
Total Revenue (FY 2025)
$3.81B
+1.5%
What We're Watching
Opportunity
North America Retail Scaling
📅
Ongoing
What to Monitor
Announcement of further rollouts with existing new logos (especially the major retailer), new logo wins beyond the initial nine, and commentary on the profitability profile of this new business.
Why It Matters
Validates that the initial wins can be scaled into a material and profitable revenue stream, proving the company can successfully challenge incumbents in this key growth market where it projects double-digit growth.
Opportunity
India Public Bank Tender Wins
📅
Next 2-4 Quarters
What to Monitor
Announcement of the first significant contract win from a public bank tender in India.
Why It Matters
This is a major new market opportunity that was previously inaccessible. Winning a large tender would validate the "fit-for-purpose" product strategy and open a significant new multi-year revenue stream in a high-growth market.
Operational
Working Capital Efficiency
📅
Ongoing
What to Monitor
Reported progress against the target of 4-5 days of additional DSO improvement and continued improvement in DIO. Monitor for any clarification on the calculation methodology for these metrics.
Why It Matters
Sustained working capital improvements are a critical driver of the company’s free cash flow guidance. Achieving these targets is essential to fund the aggressive share repurchase program and validate the durability of the cash generation model.
Strategic
Capital Return Execution
📅
Next 1-2 Quarters
What to Monitor
The quarterly pace of the $200M share repurchase program and any commentary on plans for a subsequent, potentially larger authorization upon its completion.
Why It Matters
The execution pace is a key indicator of management’s confidence in its FCF outlook and undervaluation thesis. It is the primary mechanism for delivering direct shareholder returns and a core part of the investment case.
Risk
Latin America Recovery
📅
Next 1-2 Quarters
What to Monitor
Commentary on order patterns and demand stabilization in Latin America post-Q1 2026. Any signs of further project delays or a confirmed pickup in activity.
Why It Matters
Management has framed this region, which was a weak spot in 2025, as a key "catalyst for growth" in 2026. A delayed recovery could create a headwind to achieving the high end of the Banking segment and total company revenue guidance.
