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Concentrix Corp

CNXC Nasdaq Services-Business Services, Nec Financials FY2019–FY2025

Revenue Total sales reported in the income statement.
$9.8B
2.2% vs prior year
Operating margin Operating income as a share of revenue.
−9.3%
15.5 pts
Net income Profit after all expenses, interest and tax.
−$1.3B
609.1%
Free cash flow Cash from operations minus capital spending.
$572M
33.5%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
−10.4%
16.2 pts
Market cap Last close times the latest diluted share count, so it is approximate.
—
P/E Last close divided by diluted earnings per share over the last four quarters.
—
On −$38.42 EPS (TTM)

What Concentrix Corp does

No business description yet.

Legal name
Concentrix Corp
Fiscal year ends
November 30, 2025
Latest annual report
10-K · Jan 28, 2026
Accession · CIK
0001803599-26-000027
0001803599

Revenue and margins

Concentrix Corp had $9.8B of revenue in fiscal 2025, up 2.2% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $572M in fiscal 2025, 5.8% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Concentrix Corp returned $258M to shareholders in fiscal 2025, 45% of free cash flow. The diluted share count fell 3.2%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Balance sheet

Cash, debt and the ratios that show how comfortably Concentrix Corp can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $182M$145M$295M$241M$327M
Debt incl. finance leases $802M$2.2B$4.9B$4.7B$4.6B
Net debt / EBITDA 0.9x2.6x5.6x5.3x—
Debt / equity 0.3x0.8x1.2x1.2x1.7x
Current ratio 1.6x1.5x1.4x1.4x1.4x
Quick ratio 1.6x1.5x1.4x1.4x1.4x
Total assets $5.0B$6.7B$12.5B$12.0B$10.8B
Total liabilities $2.4B$4.0B$8.3B$8.0B$8.0B
Shareholders' equity $2.6B$2.7B$4.1B$4.0B$2.7B
Net debt (− = net cash) $620M$2.1B$4.6B$4.5B$4.2B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$0.0M

0 insiders

Of sales under plans

—

$0.0M

No open-market insider trades in the last 12 months.

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY19FY20FY21FY22FY23FY24FY25
Net income is positive ✓ ✓ ✓ ✓ ✓ ✓ ✕
Cash from operations is positive ✓ ✓ ✓ ✓ ✓ ✓ ✓
Return on assets rose — — ✓ ✕ ✕ ✕ ✕
Cash from operations exceeds net income ✓ ✓ ✓ ✓ ✓ ✓ ✓
Debt fell relative to assets — — ✓ ✕ ✕ ✓ ✕
Current ratio rose — — ✓ ✕ ✕ ✓ ✕
Share count didn't rise — ✓ ✕ ✓ ✕ ✕ ✓
Gross margin rose — ✕ ✓ ✓ ✓ ✕ ✕
Revenue rose relative to assets — — ✓ ✕ ✕ ✓ ✓
F-score — / 3— / 58 / 95 / 94 / 96 / 94 / 9
Accruals ratio —−6.6%−2.1%−2.8%−3.8%−3.4%−18.3%
Altman Z'' —1.772.902.351.561.650.27

7 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $4.7B $4.7B $5.6B $6.3B $7.1B $9.6B $9.8B
Gross profit $1.7B $1.7B $2.0B $2.3B $2.6B $3.4B $3.4B
Operating income $294M $309M $572M $640M $661M $596M −$918M
Pretax income $204M $268M $556M $605M $408M $299M −$1.2B
Income tax $87.3M $103M $150M $169M $94.4M $48.1M $96.7M
Net income $117M $165M $406M $435M $314M $251M −$1.3B
Net income to common $117M $165M $400M $428M $308M $242M −$1.3B
Diluted EPS $2.27 $3.19 $7.70 $8.28 $5.70 $3.71 −$20.36
Diluted shares 0.05B 0.05B 0.05B 0.05B 0.05B 0.07B 0.06B
Cash flow
Cash from operations $450M $508M $514M $601M $678M $667M $807M
Capital expenditure $111M $171M $149M $140M $181M $239M $234M
Free cash flow $339M $336M $365M $461M $497M $429M $572M
Depreciation and amortization $139M $129M $140M $147M $173M $247M $226M
Stock-based compensation $10.4M $15.6M $36.2M $47.1M $62.1M $96.1M $96.4M
Acquisitions $9.4M $5.6M $3.3M $1.7B $1.9B $5.5M $15.9M
Share buybacks $0.0M $0.0M $25.1M $121M $64.0M $136M $169M
Dividends paid $0.0M $0.0M $13.1M $53.4M $63.5M $83.8M $89.6M
Dividends and buybacks $0.0M $0.0M $38.2M $174M $127M $220M $258M
Balance sheet
Cash and short-term investments $83.5M $153M $182M $145M $295M $241M $327M
Total debt — $1.1B $802M $2.2B $4.9B $4.7B $4.6B
Current assets — $1.4B $1.5B $1.8B $2.9B $2.8B $3.1B
Current liabilities — $1.0B $968M $1.1B $2.1B $2.0B $2.2B
Property and equipment, net — $452M $407M $404M $749M $715M $736M
Goodwill $1.8B $1.8B $1.8B $2.9B $5.1B $5.0B $3.7B
Intangible assets — $799M $656M $986M $2.8B $2.3B $2.0B
Total assets — $5.2B $5.0B $6.7B $12.5B $12.0B $10.8B
Total liabilities — $2.9B $2.4B $4.0B $8.3B $8.0B $8.0B
Preferred stock — $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Shareholders' equity $1.5B $2.3B $2.6B $2.7B $4.1B $4.0B $2.7B
Margins
Gross margin 37.1% 35.2% 35.3% 35.7% 36.2% 35.9% 35.0%
Operating margin 6.3% 6.5% 10.2% 10.1% 9.3% 6.2% −9.3%
EBITDA margin 9.2% 9.3% 12.8% 12.4% 11.7% 8.8% −7.0%
Net margin 2.5% 3.5% 7.3% 6.9% 4.4% 2.6% −13.0%
FCF margin 7.2% 7.1% 6.5% 7.3% 7.0% 4.5% 5.8%
Returns
Return on capital — 6.2% 12.9% 9.7% 5.8% 5.9% −10.4%
Return on capital employed — 7.4% 14.0% 11.6% 6.3% 6.0% −10.7%
Return on equity 8.0% 8.7% 16.5% 16.4% 9.2% 6.1% −37.7%
Return on assets — 3.2% 7.9% 7.4% 3.3% 2.1% −11.2%
Return on tangible equity — — 264.4% — — — —
Growth
Revenue growth — 0.2% 18.4% 13.2% 12.5% 35.2% 2.2%
Net income growth — 40.7% 146.1% 7.3% −27.9% −20.0% −609.1%
EPS growth — 40.5% 141.4% 7.5% −31.2% −34.9% −648.8%
FCF growth — −0.7% 8.6% 26.2% 8.0% −13.8% 33.5%
Share count change — 0.0% 0.6% −0.3% 4.4% 20.5% −3.2%
Financial health
Net debt / EBITDA — 2.2x 0.9x 2.6x 5.6x 5.3x —
Debt / equity — 0.5x 0.3x 0.8x 1.2x 1.2x 1.7x
Current ratio — 1.4x 1.6x 1.5x 1.4x 1.4x 1.4x
Quick ratio — 1.4x 1.6x 1.5x 1.4x 1.4x 1.4x
Capital allocation
Capex / revenue 2.4% 3.6% 2.7% 2.2% 2.5% 2.5% 2.4%
Stock comp / revenue 0.2% 0.3% 0.6% 0.7% 0.9% 1.0% 1.0%
Payouts / FCF 0.0% 0.0% 10.5% 37.8% 25.6% 51.3% 45.1%
Quality scores
Piotroski F-score — — 8.0 5.0 4.0 6.0 4.0
Altman Z'' — 1.8 2.9 2.3 1.6 1.7 0.3
Accruals ratio — −6.6% −2.1% −2.8% −3.8% −3.4% −18.3%

Source: SEC EDGAR XBRL filings (CIK 0001803599). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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