CNXC Concentrix Corp

Overview and Growth

Concentrix Corp generated $9.83B of revenue in fiscal 2025, with net loss of $1.28B and an operating cash inflow of $806.97M. Revenue of $9.83B sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line expanded 2.2% from $9.62B in fiscal 2024, increasing the company’s operating scale. On a per-share basis, diluted EPS was -$20.36, which connects the reported earnings outcome with the company’s diluted share count. Diluted EPS decreased by 648.8% from $3.71 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. The revenue-to-assets relationship was 0.91x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The first profit layer was $3.44B of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 35.0% of revenue, showing how much of the top line remained after direct costs. The reported operating result was an operating loss of $918.18M, reflecting costs that exceeded gross profit. Relative to revenue, the operating deficit measured 9.3%, showing the shortfall after operating costs. The company ended the period with a net loss of $1.28B, extending the operating result through all remaining items. Net margin was -13.0%, reflecting a loss equal to 13.0% of reported revenue. Before income taxes, the company recorded a loss of $1.18B, bridging the operating result to the final net loss. Pretax margin was -12.0%, reflecting a pre-tax loss equal to 12.0% of revenue. The reported income-tax provision was $96.70M, the amount recognized between pretax income and the final net-income result. The loss-to-equity relationship was 46.6%, placing the bottom-line deficit against shareholder capital. Relative to total assets, the net loss represented 11.9%.

Liquidity and Capital Structure

The company held $10.76B of assets against $8.02B of liabilities and $2.74B of equity, revealing how the asset base was financed. At period end, current assets of $3.08B compared with current liabilities of $2.20B, defining the company’s short-term resource position. At 1.4x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $327.35M, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 14.9%, excluding receivables and other current assets. Total debt was $4.64B, establishing the amount of borrowing carried within the company’s capital structure. Debt equaled 1.69x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 43.1%, showing how much of the asset base was matched by borrowing. Liabilities represented 74.5% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 3.0% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 10.3% from $11.99B in fiscal 2024, leaving current total assets lower year over year.

Cash Flow and Earnings Quality

The company reported $806.97M of operating cash flow, a cash inflow that shows the cash generated by operations. The cash-flow statement records $234.50M of capital expenditures, the investment amount considered after operating cash generation. Relative to operating cash flow, capital expenditures measured 29.1%, connecting investment intensity with the company’s cash-generation base. Free cash flow came to $572.47M, leaving a positive amount after capital expenditures. Relative to revenue, free cash flow equaled 5.8%, showing how much sales converted into cash after investment. Measured against total assets, free cash flow represented 5.3%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Nov 30, 2025. Analysis generated Oct 21, 2026.