CNXC Technology

Concentrix Corporation

$28.99-6.15%

Price as of close on Nov 3, 2026 · Financials updated Oct 8, 2026

Basics

Sector: Technology
Industry: Information Technology Services
Country: United States
Market cap: 1.8B USD
Enterprise value: 5.8B USD
Full-time employees: 455,000

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: higher risk than most peers: less short-term liquidity (current ratio 1.23 vs a peer median of 1.83) and more debt relative to equity (2.47× vs a peer median of 0.25×)higher risk: less liquidity (current ratio 1.23 vs peers 1.83) and more debt vs equity (2.47× vs peers 0.25×)
About average: valuation

Ranks #1,473 of 1,612 technology companies (bottom 9%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 20% from November 2022 to September 2026.
Concentrix had 20% more shares at September 2026 than at November 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Concentrix had 20% more shares at September 2026 than at November 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Stock pay is large next to buybacks. Stock-based pay expense $255M vs $369M spent repurchasing shares over the 3 fiscal years to FY Nov 2025.
Over three fiscal years Concentrix recorded $255M of stock-based pay expense and spent $369M repurchasing shares (repurchases can include shares withheld to cover employees' taxes).Over three fiscal years Concentrix recorded $255M of stock-based pay expense and spent $369M repurchasing shares.
Earnings slid into a loss. Loss per share this year after a profit last year.
Concentrix made a loss per share in its latest year after a profit the year before.
Much more borrowing than peers. Debt is 2.5× equity vs a peer median of 0.2×.Debt is 2.5× equity vs peers 0.2×.
Debt is 2.5× shareholders' equity, against a peer median of 0.2×, among the highest 10% of its peer group.Debt is 2.5× shareholders' equity, vs peers 0.2×, among the highest 10% of its peer group.

StockQuotient Score

24/ 100

Oct 5 28 → Nov 4 24 (-4)

Valuation

Is the price right?

47/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Mixed versus peers:

▲ FCF yield
▼ Earnings yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-135.0%

SEC filings · 12 months to Aug 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0225 · MAD: 0.0225

EBITDA yield-24.4%

SEC filings · 12 months to Aug 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.17Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield32.5%

SEC filings · 12 months to Aug 2026 · operating cash flow − capital spendingOutlier capped at sector 5th/95th percentile20% base weight · Z-score 4.45Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield99.8%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

36/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ EPS growth
▼ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Earnings per share turned from a profit to a loss33% base weight · Z-score -1.83Sector median: 0.1108 · MAD: 0.3050

3-year revenue growth15.2%

SEC filings · 3 years to Aug 2026Reported value33% base weight · Z-score 1.31Sector median: 0.0483 · MAD: 0.0793

Revenue growth2.6%

SEC filings · 12 months to Aug 2026Reported value33% base weight · Z-score -0.59Sector median: 0.0853 · MAD: 0.1017

Profitability

Does it earn well?

6/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Operating margin fell 10.6 points to -20.9%

Why

Weaker than most peers on:

▼ ROA
▼ ROIC
▼ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-20.9%

SEC filings · 12 months to Aug 2026Reported value33% base weight · Z-score -3.83Sector median: 0.0631 · MAD: 0.0710

Return on assets-25.8%

SEC filings · 12 months to Aug 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.92Sector median: 0.0293 · MAD: 0.0362

Return on invested capital-27.8%

SEC filings · 12 months to Aug 2026Reported value33% base weight · Z-score -4.04Sector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin34.1%

SEC filings · 12 months to Aug 2026Reported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equity-135.2%

SEC filings · 12 months to Aug 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Debt / equity
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.51

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.98Sector median: 0.8710 · MAD: 0.3700

Current ratio1.23×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.87Sector median: 1.8295 · MAD: 0.6848

Debt / equity2.47×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score -7.82Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Concentrix

Is Concentrix getting weaker?: Its latest SEC filing (Oct 7, 2026) got weaker in some ways: operating margin fell 10.6 points to -20.9%. Its overall score is unchanged at 24/100 since Oct 28, 2026.
How is Concentrix valued vs its peers?: Priced about in line with its peers. Valuation scores 47/100 against 1,711 technology peers. Free cash flow yield 32.5% vs a peer median of 2.7% (stronger than 95% of peers).Free cash flow yield 32.5% vs peers 2.7% (stronger than 95% of peers). Earnings yield -135.0% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -135.0% vs peers 2.2% (weaker than 100% of peers).
Is Concentrix growing?: More slowly than most of its peers. Growth scores 36/100 against 1,711 technology peers. 3-year revenue growth 15.2% vs a peer median of 4.8% (stronger than 78% of peers).3-year revenue growth 15.2% vs peers 4.8% (stronger than 78% of peers). Revenue growth 2.6% vs a peer median of 8.5% (weaker than 67% of peers).Revenue growth 2.6% vs peers 8.5% (weaker than 67% of peers).
How profitable is Concentrix?: Less profitable than most of its peers. Profitability scores 6/100 against 1,711 technology peers. Return on assets -25.8% vs a peer median of 2.9% (weaker than 100% of peers).Return on assets -25.8% vs peers 2.9% (weaker than 100% of peers).
How risky is Concentrix?: Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Beta 0.51 vs a peer median of 0.87 (stronger than 77% of peers).Beta 0.51 vs peers 0.87 (stronger than 77% of peers). Debt / equity 2.47× vs a peer median of 0.25× (weaker than 100% of peers).Debt / equity 2.47× vs peers 0.25× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Aug 31, 2026 · filed Oct 7, 2026 · compared with the quarter ended May 31, 2026

Got weaker

Operating margin fell 10.6 points to -20.9%

Worth watching: Concentrix is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	10.0B USD	10.0B USD	−0.3%
Net income (12 months)	−1.3B USD	−2.4B USD	+81.9%
Operating margin	-10.2%	-20.9%	−10.6 pts
Free cash flow (12 months)	513.5M USD	575.0M USD	+12.0%
Debt	4.6B USD	4.4B USD	−4.6%
Cash	255.6M USD	244.7M USD	−4.3%
Shares outstanding	61.0M	61.1M	+0.1%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Information Technology Services · 33 companies

Valuations in Information Technology Services are near the bottom of their range since 2016.

5% of months since 2016 were valued lower than now.
14% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values −21% and earnings +27% (medians): earnings grew faster than prices.
Median price-to-sales is −47% vs the whole market, against a usual −18%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Nov 2021	FY Nov 2022	FY Nov 2023	FY Nov 2024	FY Nov 2025	Change
Gross margin	35.3%	35.7%	36.2%	35.9%	35.0%	▼ 0.9 pts
Operating margin	10.2%	10.1%	9.3%	6.2%	-9.3%	▼ 16 pts
Net margin	7.3%	6.9%	4.4%	2.6%	-13.0%	▼ 16 pts
Return on assets (ROA)	8.0%	6.5%	2.5%	2.1%	-11.9%	▼ 14 pts
Return on equity (ROE)	15.5%	16.1%	7.6%	6.2%	-46.6%	▼ 53 pts
Free cash flow margin	6.5%	7.3%	7.0%	4.5%	5.8%	▲ 1.4 pts
Current ratio	1.59×	1.55×	1.38×	1.42×	1.40×	▼ 1.4%
Debt to equity	0.31×	0.83×	1.21×	1.18×	1.70×	▲ 44%

CNXC price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: higher risk than most peers: less short-term liquidity (current ratio 1.23 vs a peer median of 1.83) and more debt relative to equity (2.47× vs a peer median of 0.25×)higher risk: less liquidity (current ratio 1.23 vs peers 1.83) and more debt vs equity (2.47× vs peers 0.25×)

About average: valuation

Ranks #1,473 of 1,612 technology companies (bottom 9%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 20% from November 2022 to September 2026.

Concentrix had 20% more shares at September 2026 than at November 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Concentrix had 20% more shares at September 2026 than at November 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Stock pay is large next to buybacks. Stock-based pay expense $255M vs $369M spent repurchasing shares over the 3 fiscal years to FY Nov 2025.

Over three fiscal years Concentrix recorded $255M of stock-based pay expense and spent $369M repurchasing shares (repurchases can include shares withheld to cover employees' taxes).Over three fiscal years Concentrix recorded $255M of stock-based pay expense and spent $369M repurchasing shares.

Earnings slid into a loss. Loss per share this year after a profit last year.

Concentrix made a loss per share in its latest year after a profit the year before.

Much more borrowing than peers. Debt is 2.5× equity vs a peer median of 0.2×.Debt is 2.5× equity vs peers 0.2×.

Debt is 2.5× shareholders' equity, against a peer median of 0.2×, among the highest 10% of its peer group.Debt is 2.5× shareholders' equity, vs peers 0.2×, among the highest 10% of its peer group.

Questions investors ask about Concentrix

Is Concentrix getting weaker?

Its latest SEC filing (Oct 7, 2026) got weaker in some ways: operating margin fell 10.6 points to -20.9%. Its overall score is unchanged at 24/100 since Oct 28, 2026.

How is Concentrix valued vs its peers?

Priced about in line with its peers. Valuation scores 47/100 against 1,711 technology peers. Free cash flow yield 32.5% vs a peer median of 2.7% (stronger than 95% of peers).Free cash flow yield 32.5% vs peers 2.7% (stronger than 95% of peers). Earnings yield -135.0% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -135.0% vs peers 2.2% (weaker than 100% of peers).

Is Concentrix growing?

More slowly than most of its peers. Growth scores 36/100 against 1,711 technology peers. 3-year revenue growth 15.2% vs a peer median of 4.8% (stronger than 78% of peers).3-year revenue growth 15.2% vs peers 4.8% (stronger than 78% of peers). Revenue growth 2.6% vs a peer median of 8.5% (weaker than 67% of peers).Revenue growth 2.6% vs peers 8.5% (weaker than 67% of peers).

How profitable is Concentrix?

Less profitable than most of its peers. Profitability scores 6/100 against 1,711 technology peers. Return on assets -25.8% vs a peer median of 2.9% (weaker than 100% of peers).Return on assets -25.8% vs peers 2.9% (weaker than 100% of peers).

How risky is Concentrix?

Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Beta 0.51 vs a peer median of 0.87 (stronger than 77% of peers).Beta 0.51 vs peers 0.87 (stronger than 77% of peers). Debt / equity 2.47× vs a peer median of 0.25× (weaker than 100% of peers).Debt / equity 2.47× vs peers 0.25× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

10.0B USD

10.0B USD

−0.3%

Net income (12 months)

−1.3B USD

−2.4B USD

+81.9%

Operating margin

-10.2%

-20.9%

−10.6 pts

Free cash flow (12 months)

513.5M USD

575.0M USD

+12.0%

Debt

4.6B USD

4.4B USD

−4.6%

Cash

255.6M USD

244.7M USD

−4.3%

Shares outstanding

61.0M

61.1M

+0.1%

Key ratios

FY Nov 2021

FY Nov 2022

FY Nov 2023

FY Nov 2024

FY Nov 2025

Change

Gross margin

35.3%

35.7%

36.2%

35.9%

35.0%

▼ 0.9 pts

Operating margin

10.2%

10.1%

9.3%

6.2%

-9.3%

▼ 16 pts

Net margin

7.3%

6.9%

4.4%

2.6%

-13.0%

▼ 16 pts

Return on assets (ROA)

8.0%

6.5%

2.5%

2.1%

-11.9%

▼ 14 pts

Return on equity (ROE)

15.5%

16.1%

7.6%

6.2%

-46.6%

▼ 53 pts

Free cash flow margin

6.5%

7.3%

7.0%

4.5%

5.8%

▲ 1.4 pts

Current ratio

1.59×

1.55×

1.38×

1.42×

1.40×

▼ 1.4%

Debt to equity

0.31×

0.83×

1.21×

1.18×

1.70×

▲ 44%