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CNXC Stock Analysis - Concentrix Corp AI Rating

CNXC Nasdaq Services-Business Services, NEC DE CIK: 0001803599
Recently Updated • Analysis: Mar 22, 2026 • SEC Data: 2025-11-30
AI Rating
SELL
85% Confidence

📊 CNXC Key Takeaways

Revenue: $9.8B
Net Margin: -13.0%
Free Cash Flow: $572.5M
Current Ratio: 1.40x
Debt/Equity: 1.67x
EPS: $-20.36
AI Rating: SELL with 85% confidence

Investment Thesis

Concentrix faces severe profitability challenges with negative operating (-9.3%) and net margins (-13.0%), generating a $1.3B net loss despite $9.8B in revenue. While operating cash flow remains positive at $807M and liquidity is adequate, the company's inability to convert revenue to profit, combined with high leverage (1.67x debt-to-equity) and significant insider activity, indicates structural operational problems requiring urgent turnaround actions.

CNXC Strengths

  • + Positive free cash flow generation of $572.5M provides financial flexibility
  • + Adequate liquidity with 1.40x current and quick ratios supporting near-term obligations
  • + Healthy gross margin of 35% demonstrates pricing power at the production level
  • + Stable revenue base of $9.8B with modest growth suggesting market demand presence

CNXC Risks

  • ! Severe operating loss of -$918.2M and net loss of -$1.3B indicating unsustainable cost structure
  • ! Negative ROE (-46.6%) and ROA (-11.9%) demonstrate poor capital allocation and asset utilization
  • ! High leverage ratio of 1.67x with $4.6B long-term debt limits financial flexibility during distress
  • ! Unable to calculate interest coverage ratio, suggesting potential debt servicing concerns
  • ! Deteriorating EPS performance (-648.8% YoY) signals worsening shareholder value destruction

Key Metrics to Watch

CNXC Financial Metrics

Revenue
$9.8B
Net Income
$-1.3B
EPS (Diluted)
$-20.36
Free Cash Flow
$572.5M
Total Assets
$10.8B
Cash Position
$327.3M

💡 AI Analyst Insight

Concentrix Corp presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

CNXC Profitability Ratios

Gross Margin 35.0%
Operating Margin -9.3%
Net Margin -13.0%
ROE -46.6%
ROA -11.9%
FCF Margin 5.8%

CNXC vs Default Sector

How Concentrix Corp compares to Default sector averages

Net Margin
CNXC -13.0%
vs
Sector Avg 12.0%
CNXC Sector
ROE
CNXC -46.6%
vs
Sector Avg 15.0%
CNXC Sector
Current Ratio
CNXC 1.4x
vs
Sector Avg 1.8x
CNXC Sector
Debt/Equity
CNXC 1.7x
vs
Sector Avg 0.7x
CNXC Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

CNXC Balance Sheet & Liquidity

Current Ratio
1.40x
Quick Ratio
1.40x
Debt/Equity
1.67x
Debt/Assets
74.5%
Interest Coverage
N/A
Long-term Debt
$4.6B

CNXC 5-Year Financial Trend

CNXC 5-year financial data: Year 2021: Revenue $5.6B, Net Income $117.2M, EPS $2.27. Year 2022: Revenue $6.3B, Net Income $164.8M, EPS $3.19. Year 2023: Revenue $7.1B, Net Income $405.6M, EPS $7.70. Year 2024: Revenue $9.6B, Net Income $435.0M, EPS $8.28. Year 2025: Revenue $9.8B, Net Income $313.8M, EPS $5.70.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Concentrix Corp's revenue has grown significantly by 76% over the 5-year period, indicating strong business expansion. The most recent EPS of $5.70 reflects profitable operations.

CNXC Growth Metrics (YoY)

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
5.8%
Free cash flow / Revenue

CNXC Quarterly Performance

Quarterly financial performance data for Concentrix Corp including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $2.4B $16.6M $0.25
Q2 2025 $2.4B $42.1M $0.63
Q1 2025 $2.4B $52.1M $0.76
Q3 2024 $1.6B $16.6M $0.25
Q2 2024 $1.6B $66.8M $0.98
Q1 2024 $1.6B $52.1M $0.76
Q3 2023 $1.6B $77.6M $1.49
Q2 2023 $1.6B $78.9M $1.51

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

CNXC Capital Allocation

Operating Cash Flow
$807.0M
Cash generated from operations
Stock Buybacks
$168.7M
Shares repurchased (TTM)
Capital Expenditures
$234.5M
Investment in assets
Dividends Paid
$89.6M
Returned to shareholders

CNXC SEC Filings

Access official SEC EDGAR filings for Concentrix Corp (CIK: 0001803599)

📋 Recent SEC Filings

Date Form Document Action
Feb 24, 2026 8-K cnxc-20260224.htm View →
Feb 13, 2026 8-K cnxc-20260212.htm View →
Feb 13, 2026 DEF 14A cnxc-20260212.htm View →
Feb 3, 2026 4 xslF345X05/wk-form4_1770152975.xml View →
Feb 3, 2026 4 xslF345X05/wk-form4_1770152925.xml View →

Frequently Asked Questions about CNXC

What is the AI rating for CNXC?

Concentrix Corp (CNXC) has an AI rating of SELL with 85% confidence, based on fundamental analysis of SEC EDGAR filings.

What are CNXC's key strengths?

Positive free cash flow generation of $572.5M provides financial flexibility. Adequate liquidity with 1.40x current and quick ratios supporting near-term obligations.

What are the risks of investing in CNXC?

Severe operating loss of -$918.2M and net loss of -$1.3B indicating unsustainable cost structure. Negative ROE (-46.6%) and ROA (-11.9%) demonstrate poor capital allocation and asset utilization.

What is CNXC's revenue and growth?

Concentrix Corp reported revenue of $9.8B.

Does CNXC pay dividends?

Concentrix Corp pays dividends, with $89.6M distributed to shareholders in the trailing twelve months.

Where can I find CNXC SEC filings?

Official SEC filings for Concentrix Corp (CIK: 0001803599) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is CNXC's EPS?

Concentrix Corp has a diluted EPS of $-20.36.

How is the AI analysis conducted?

Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.

Disclaimer: This analysis is generated by Claude AI based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 22, 2026 | Data as of: 2025-11-30 | Powered by Claude AI