Concentrix Corporation

Services-Business Services, Nec

CNXCStrained4 of 11 basics passed

$25.95

-4.14%

Market cap $1.59B

$25.95

-4.14%

Market cap $1.59B

Concentrix Corp is a technology and services company. It designs, implements, and manages end-to-end solutions, including customer experience process optimization, technology development and design engineering, front- and back-office automation, analytics, and business transformation services.

It is a $1.59B technology company. Revenue grew 2.6% over the last year, it currently loses money, and its net debt equals ~7.4 years of free cash flow.

Website: concentrix.com
Location: Newark, CA
Employees: 455 000
Sector: Technology
Founded: 1983

Share price · 3 years

$81.33 → $25.95-68.1%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $9.97B
Loss: spends more than it earns; -$2.39B
Free cash flow: cash left after running the business; $575M
Net debt: debt minus cash on hand; $4.25B
P/E: years of profit in the price; 11.0
Dividend: pays out 41% of profit · 16% of FCF; 5.76%
Shares: up 21% since 2021 — dilution; 63.0M
Volatility: beta vs the market — under 1 swings less; 0.53

Revenue, last 5 years

52-week range

Low $20.97$25.95High $47.59

Today's price is 19% of the way from the year's low to its high.

Valuation vs own history

P/E

6.5×

99%

P/S

0.2×

94%

EV/EBITDA

9.1×

95%

P/B

0.9×

64%

FCF yield

22.3%

87%

Share of the last ~5 years that was pricier than today (unusually cheap vs its own history). Based on the daily valuation record.

Earnings

Sep 29, 2026EPS $2.92 vs est $2.76beat +6%

Standing in Technology

Size$1.59Btop 97%
Revenue growth+16%top 34%
Net margin-24%top 95%
Return on equity-96%top 98%
P/E11.0×top 3%
Dividend yield5.76%top 1%

Ranked against 220 Technology companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong valuation; Growth, Profitability, Health and Moat lag behind.

Valuation100

P/E vs own history1th pct · 25/25
FCF yield36.2% · 25/25
P/S0.2x · 25/25
EV/EBITDA5.4x · 25/25

Growth45

Revenue CAGR15.2% · 20/25
Net income CAGRn/a · 0/25
EPS CAGR ~5Yn/a · 0/25
Fwd implied growth329.4% · 25/25

Profitability0

ROIC-18.3% · 0/25
ROE-95.6% · 0/25
Net margin-24.0% · 0/25
Operating margin-20.9% · 0/25

Health17

Altman Zn/a · 0/25
Current ratio1.23 · 12/25
Interest coverage-3.5x · 0/25
Net cash / debtD/A 39% · 5/25

Quality55

Piotroski F4/9 · 10/25
Beneish M-3.44 · 25/25
FCF conversionn/a · 0/25
Margin stabilityσ 5.3% · 20/25

Moat38

ROIC >12% years1/5 yrs · 0/25
Median gross margin35.7% · 13/25
FCF-positive years5/5 yrs · 25/25
Worst-year net marginworst -13.0% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

Jan 15, 2025Acquisition
Concentrix announced its acquisition and incorporation of Philippines' CX-SP BlinkCX, a…
Mar 29, 2023Acquisition
Concentrix announced the acquisition and merger of Concentrix and Webhelp in a transaction worth…
FY2022Financial
Best year on record
$435M net income
FY2021Financial
First recorded profitable year
$406M net income
FY2021Financial
Revenue already above $1B
$5.59B in first reported year
FY2021Financial
Positive free cash flow every year since
5-year streak
Dec 1, 2020IPO
It was a subsidiary of SYNNEX Corporation (NYSE: SNX) since 2006 and went public as an independent company on…
Jun 28, 2018Acquisition
Convergys and Synnex announced they had reached a definitive agreement in which Synnex would…
2006Acquisition
Concentrix has acquired eight companies since 2006, including IBM Daksh and the Minacs Group
1983Founded
Concentrix was founded in 1983, and it acquired its insurance administration business solutions and services in 2013…

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$1 538 today — price return only

$9.8B revenue in FY2025

Positive free cash flow 5 years in a row

455 000 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

No standout strengths in the available data.

Watch-outs

Not profitable — 24.0% net margin
Thin interest coverage (-3.5×)
Loss-making in 1 of the recent years
Net debt equals ~7.4 years of free cash flow

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

4 of 11 checks passed

Revenue growing — the company sells more than a year ago+2.6% YoY
Profitable — makes more than it spends-$2.39B TTM
Profit growing — earnings are higher than last year-609.1% YoY
Generates cash — cash left after running and investing$575M TTM
Debt under control — could handle its obligations~7.4y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$1.59B market cap
Not printing shares — share count not ballooning — you keep your slice+21.4% shares over ~5y
Proven track record — years of profitability behind it4/5 profitable years
Financially stable — balance sheet not near distresshealth score 12/100
Pays a dividend — returns cash to shareholdersyield 5.76%
Valuation not extreme — price not wildly above earningsP/E 11.0

Peer comparisonConcentrix Corporation vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
CNXC this company	$1.6B	11.0	+2.6%	-24.0%	Strained
NVDA Nvidia Corp	$5.5T	28.6	+83.4%	63.7%	Mixed
AAPL Apple Inc.	$4.9T	38.1	+14.2%	27.6%	Strong
GOOGL Alphabet Inc.	$4.3T	17.6	+20.1%	54.8%	Mixed
MSFT Microsoft Corp	$4.0T	29.7	+17.8%	40.3%	Strong
SPCX Space Exploration Technologies Corp.	$2.1T	—	+33.2%	-34.0%	Strained
META Meta Platforms, Inc.	$1.8T	26.9	+27.7%	29.8%	Mixed

Head-to-head: CNXC vs NVDA · CNXC vs AAPL · CNXC vs GOOGL

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 4Buy 4Hold 3

Appendix · Financial records

The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $9.97B · net income -$2.39B (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$9.97B

YoY 2.6%

Net income (TTM)

-$2.39B

Margin -24.0%

Gross margin

34.1%

Operating margin

-20.9%

P/E ratio

11.0

Dividend yield

5.76%

Income statement — full detail

Figures in USD billions · EPS in USD

	2021	2022	2023	2024	2025
Revenue	5.6	6.3	7.1	9.6	9.8
Gross profit	2.0	2.3	2.6	3.4	3.4
Operating income (EBIT)	0.6	0.6	0.7	0.6	0.6
Net income	0.4	0.4	0.3	0.3	-1.3
EPS (diluted)	7.81	8.41	5.81	3.86	-20.30

Cash flowFree cash flow $575M · operating cash flow $787M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$575M

Margin 5.8%

Operating cash flow (TTM)

$787M

FCF margin

5.8%

Cash flow statement — full detail

Figures in USD billions

	2021	2022	2023	2024	2025
Operating cash flow	0.5	0.6	0.7	0.7	0.8
Capital expenditure	-0.1	-0.1	-0.2	-0.2	-0.2
Free cash flow	0.4	0.5	0.5	0.4	0.6
FCF margin	6.5%	7.3%	7.0%	4.5%	5.8%

Balance sheetAssets $10.8B · net debt $4.25B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $10.8B of assets is financed

74%

26%

Liabilities $8.02B — borrowed moneyEquity $2.74B — owners' stake

Cash vs debt

Total debt $4.57B − cash $327M = net debt $4.25B

Cash on hand covers 7% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

-3.5x

EBIT ÷ interest expense

ROE

-95.6%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2021	2022	2023	2024	2025
Cash & equivalents	0.2	0.1	0.3	0.2	0.3
Total assets	5.0	6.7	12.5	12.0	10.8
Total liabilities	2.4	4.0	8.3	8.0	8.0
Total debt	0.8	2.2	4.9	4.7	4.6
Equity	2.6	2.7	4.1	4.0	2.7
Net debt	0.6	2.1	4.6	4.5	4.2

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of CNXC on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $25.95 · market cap $1.59B.