NCR Voyix Corporation VYX

Competitive advantage analysis · technology

Software & SaaS Specialized
Overall moat score
34/100
Developing

About NCR Voyix Corporation

NCR Voyix Corporation provides digital commerce solutions for retail stores and restaurants in the United States, the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Retail and Restaurants segments. It offers application program interface connectivity to retail software platforms and applications, hardware terminals, self-service kiosks, including self-checkout, payment processing and merchant acquiring solutions, and … Full VYX analysis →

Competitive advantage assessment

Key strengths

  • Margins Hold Through Cycles Margin durability is strong (score 0.68), pointing to resilient pricing power.
  • Returns Hold Over Time Return durability is healthy (score 0.81), indicating durable capital efficiency.

Key risks

  • Weak Cash Conversion Cash conversion is weak (score 0.22), limiting evidence of scalable cash generation.
  • Weak Product Reinvestment R&D commitment lags peers (score 0.25), weakening the innovation moat.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
48

Where VYX ranks in Information Technology Services

NCR Voyix Corporation ranks #62 of 78 scored companies in Information Technology Services by moat score — the top 79%. The widest moat in the group is Mastercard Incorporated (MA) at 84/100.

Moat scores for companies ranked near VYX in Information Technology Services
# Company Moat score Rating
58 Digimarc Corporation DMRC 37/100 Developing
59 Conduent Incorporated CNDT 35/100 Developing
60 JIADE LIMITED JDZG 35/100 Developing
61 TTEC Holdings, Inc. TTEC 35/100 Developing
62 NCR Voyix Corporation VYX 34/100 Developing
63 Pony AI Inc. PONY 33/100 Developing
64 Data Storage Corporation DTST 31/100 Developing
65 Data Storage Corporation Warrant DTSTW 30/100 Developing
66 FiscalNote Holdings, Inc. NOTE 30/100 Developing

See every Software & SaaS company ranked by moat score →

How VYX scores on the Software & SaaS Specialized defenses

Pricing Power

Score 48 · 20% of the moat score

In software, pricing power is visible in gross margin: a vendor that has to discount in order to renew gives it up first.

Recurring Revenue Stickiness

Score 34 · 18% of the moat score

Recurring revenue is the model's central claim, and it is a moat only when customers renew and expand without being re-sold each year.

Innovation Engine

Score 23 · 16% of the moat score

Software is competed away rather than depreciated, so a vendor that stops investing loses its category.

Cash Scalability

Score 20 · 18% of the moat score

The test of a software business is whether growth eventually stops consuming cash.

Capital Efficiency

Score 56 · 16% of the moat score

A software platform employs very little capital, so a genuine franchise should produce high returns on it without leverage.

Balance Sheet Resilience

Score 21 · 12% of the moat score

Software companies fund years of customer acquisition before those customers pay back, which makes access to capital a strategic variable rather than a treasury detail.

How each Software & SaaS Specialized defense is measured, in full →

Understanding VYX's moat

What is NCR Voyix Corporation's moat score?

NCR Voyix Corporation (VYX) scores 34 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #62 of 78 scored companies in Information Technology Services, the top 79%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 77 companies in Information Technology Services. Its strongest defense is Capital Efficiency (56/100) and its weakest is Cash Scalability (20/100).

How does NCR Voyix Corporation compare with other Information Technology Services companies?

NCR Voyix Corporation ranks #62 of 78 scored companies in Information Technology Services by moat score. The widest moat in Information Technology Services is Mastercard Incorporated (MA) at 84/100. The companies ranked closest are TTEC Holdings, Inc. (TTEC) at 35 just above it and Pony AI Inc. (PONY) at 33 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Software & SaaS Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 77 companies in Information Technology Services. The defenses are then weighted to produce the overall score out of 100.

Why is NCR Voyix Corporation scored with the Software & SaaS Specialized template?

Software costs almost nothing to reproduce, so the entire economic question is whether customers keep paying. Revenue is a subscription rather than a sale, the cost of winning a customer is paid years before that customer becomes profitable, and margins arrive only if renewals hold. The Software & SaaS template scores retention, reinvestment, and the point at which growth turns into cash.

Which competitive defenses are measured for NCR Voyix Corporation?

The Software & SaaS Specialized template measures 6 defenses, and VYX scores: Pricing Power (48), Recurring Revenue Stickiness (34), Innovation Engine (23), Cash Scalability (20), Capital Efficiency (56), Balance Sheet Resilience (21). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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