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CNXC

Concentrix Corporation

CNXC

Concentrix Corporation • NASDAQ
$36.21 ▲ 1.97% (+0.70)
Market Cap $2.30 B
52w High $66.00
52w Low $31.63
Dividend Yield 1.44%
P/E 7.67
Volume 543.23K
Outstanding Shares 63.57M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.483B ▲ $708.023M ▲ $88.11M ▲ 3.548% ▲ $1.34 ▲ $-142.567M ▼
Q2-2025 $2.417B ▲ $699.803M ▲ $42.093M ▼ 1.741% ▼ $0.63 ▼ $292.436M ▼
Q1-2025 $2.372B ▼ $687.032M ▼ $70.257M ▼ 2.962% ▼ $1.04 ▼ $334.502M ▼
Q4-2024 $2.448B ▲ $726.061M ▲ $115.65M ▲ 4.724% ▲ $1.72 ▲ $357.745M ▲
Q3-2024 $2.387B $710.95M $16.631M 0.697% $0.25 $283.351M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $350.259M ▲ $12.41B ▲ $8.066B ▼ $4.344B ▲
Q2-2025 $342.759M ▲ $12.396B ▲ $8.117B ▲ $4.279B ▲
Q1-2025 $308M ▲ $11.895B ▼ $7.861B ▼ $4.034B ▼
Q4-2024 $240.571M ▼ $11.991B ▼ $7.952B ▼ $4.04B ▼
Q3-2024 $246.241M $12.208B $8.039B $4.169B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $88.11M ▲ $224.803M ▼ $-65.054M ▼ $-164.844M ▼ $3.354M ▼ $159.749M ▼
Q2-2025 $42.093M ▼ $236.536M ▲ $-55.792M ▼ $-148.9M ▼ $59.683M ▲ $180.744M ▲
Q1-2025 $70.257M ▼ $1.408M ▼ $-51.281M ▲ $102.3M ▲ $45.845M ▲ $-49.21M ▼
Q4-2024 $120.225M ▲ $284.401M ▲ $-60.871M ▲ $-224.458M ▼ $-12.158M ▼ $224.53M ▲
Q3-2024 $16.631M $191.622M $-62.746M $-84.798M $43.709M $128.876M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Banking Financial Services and Insurance
Banking Financial Services and Insurance
 $350.00M ▲$360.00M ▲$370.00M ▲$380.00M ▲
Communications and Media
Communications and Media
 $380.00M ▲$390.00M ▲$370.00M ▼$390.00M ▲
Healthcare
Healthcare
 $170.00M ▲$190.00M ▲$190.00M ▲$180.00M ▼
Other Industries
Other Industries
 $220.00M ▲$210.00M ▼$200.00M ▼$220.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past five years, with a particularly strong step‑up recently, helped by acquisitions and expanding client work. Gross profit has risen in line, showing that the core service offering continues to gain scale. However, operating profit has not grown nearly as fast as revenue, which implies some pressure on margins from integration costs, wage inflation, or mix shift. Net income and earnings per share have actually moved down from prior peaks despite higher sales, suggesting heavier interest expense, amortization from deals, and possibly a larger share count. Overall: strong top‑line growth, but profitability per dollar of revenue and per share has been under pressure.

Balance Sheet

Balance Sheet The balance sheet has transformed from relatively modest size to a much larger, acquisition‑driven profile. Total assets have roughly doubled compared with earlier years, reflecting the Webhelp deal and broader expansion. To fund that, the company has taken on significantly more debt, now representing a sizable portion of the capital structure, while the cash balance has stayed comparatively small. Equity has grown, but at a slower pace than debt, meaning leverage is meaningfully higher than a few years ago. The picture is of a scaled, more complex business with a greater reliance on borrowing and an increased need to manage integration and refinancing risks carefully.

Cash Flow

Cash Flow Cash generation from operations has been consistently positive and has trended upward over time, which is a key strength. Free cash flow has also been solid and gradually improving, even after regular investment in technology and infrastructure. Capital spending remains relatively modest compared with the size of the business, so the company converts a reasonable share of its profits into cash. That said, cash flow growth has not fully kept up with the rapid rise in revenue, which hints at some working capital strain or lower underlying margins. Still, the business profile is that of a steady cash generator capable of supporting both investment and debt service, as long as performance remains stable.

Competitive Edge

Competitive Edge Concentrix occupies a leading position in customer experience and technology‑enabled services, supported by global scale, a broad geographic footprint, and deep relationships with very large clients, including many blue‑chip companies. Its services are often deeply embedded in clients’ operations, which creates meaningful switching costs and helps keep relationships sticky. The company competes in a crowded field with large global rivals, but differentiates itself through end‑to‑end solutions, industry‑specific expertise, and a blend of consulting, operations, and technology. The recent expansion through acquisitions, especially Webhelp, has strengthened its presence in Europe and Latin America, enhancing scale and reach. Overall, it appears to have a narrow but real competitive moat based on size, integration depth, and proprietary tools, though competitive intensity in this industry remains high.

Innovation and R&D

Innovation and R&D Innovation is a central part of Concentrix’s strategy. The company has leaned heavily into artificial intelligence and automation, building proprietary platforms for agent training, workflow automation, real‑time analytics, visual customer support, and advanced text and voice analysis. Tools like its generative‑AI‑driven training platform, PULSE automation suite, ELLIE language intelligence engine, and VisualCX sales support system illustrate a push to move beyond basic contact center work into higher‑value digital solutions. It is also experimenting with newer areas like Web3 and expanding into AI‑powered cybersecurity services through partnerships. The focus is clearly on moving up the value chain toward consulting, digital transformation, and managed services. The opportunity is significant, but the company must continue to invest and execute well to stay ahead of rapid technological change and to turn innovation into sustainable, high‑margin revenue.

Summary

Concentrix today looks like a scaled, technology‑driven services company that has grown rapidly through both organic expansion and acquisitions. Revenue and gross profit have increased strongly, but profit margins and earnings per share have come under pressure, reflecting integration costs, higher financing burdens, and a shift in business mix. The balance sheet shows a much larger, more leveraged company than a few years ago, which raises the importance of consistent cash generation and disciplined capital allocation. On the positive side, the business produces steady operating and free cash flow, has sticky client relationships, and is actively differentiating itself with AI‑centric and higher‑value solutions. Key watchpoints include: successfully integrating recent acquisitions, improving profitability relative to revenue, managing the heavier debt load, and proving that its innovation pipeline can translate into durable, higher‑margin growth over time.

NEWS

November 18, 2025 · 9:05 AM UTC

Concentrix is Named the Highest-Designated Leader in Everest Group's B2B Sales Services PEAK Matrix® Assessment for Second Consecutive Year

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September 25, 2025 · 4:05 PM UTC

Concentrix Reports Third Quarter 2025 Results

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September 18, 2025 · 9:05 AM UTC

Concentrix Launches Agentic Operating Framework™ to Help Enterprises Solve Key Issues Behind Failed AI Deployments

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September 16, 2025 · 5:10 PM UTC

Concentrix Rises to a Leader and Star Performer in Everest Group's Customer Experience Management (CXM) Services PEAK Matrix® Assessment 2025

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September 11, 2025 · 7:30 AM UTC

Concentrix Schedules Release of Third Quarter 2025 Financial Results and Investor Conference Call Webcast

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