CNXC|Concentrix Corp
Services-Business Services, NEC
- Revenue
- $9.8B
- ▲ 2.2% YoY
- Operating margin
- -9.3%
- ▼ 251% YoY
- EBITDA
- −$692M
- ▼ 182% YoY
- Market cap
- $1.8B
- Employees
- 455,000
- $22K revenue each
- Net debt / EBITDA
- —
- $4.4B net debt
- AI in 10-K
- 11.6
- mentions per 10K words
TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
—
Cash flow under 80% of net income
Dilutive SBCNo
1% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
32% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
28% of assets
Over 40% of assets
Shareholder dissentNo
97% lowest support
Any vote under 80% support
Buyer economics 2 of 4
Low revenue per employeeYes
$22K · 1st pct
Bottom quartile of its SIC industry
Quiet on AINo
11.6 per 10K words · 94th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
—
More cash than debt, positive EBITDA
Buyout-sizedYes
$1.8B market cap
Market cap $500M–$5B
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY | Trend |
|---|
| Revenue | $5.6B | $6.3B | $7.1B | $9.6B | $9.8B | ▲ 2.2% | |
|---|
| Operating income | $572M | $640M | $661M | $596M | −$918M | ▼ 254% | |
|---|
| Net income | $406M | $435M | $314M | $251M | −$1.3B | ▼ 609% | |
|---|
| Operating cash flow | $514M | $601M | $678M | $667M | $807M | ▲ 21% | |
|---|
| Capex | $149M | $140M | $181M | $239M | $234M | ▼ 1.8% | |
|---|
| Stock-based comp | $36M | $47M | $62M | $96M | $96M | – 0.3% | |
|---|
| Buybacks | $25M | $121M | $64M | $136M | $169M | ▲ 24% | |
|---|
| Dividends | $13M | $53M | $63M | $84M | $90M | ▲ 6.9% | |
|---|
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|
| May 1, 2026 | Groupe Bruxelles Lambert | SCHEDULE 13D/A | 4.5% | Passive |
| Jan 30, 2026 | Groupe Bruxelles Lambert | SCHEDULE 13D/A | 14.2% | Active |
| Nov 7, 2025 | Impactive Capital LP | SCHEDULE 13D/A | 9.8% | Passive |
| Aug 7, 2024 | Impactive Capital LP | SC 13D/A | 26.8% | Passive |
| Oct 17, 2023 | Impactive Capital LP | SC 13D | 5.1% | Active |
| Oct 5, 2023 | Groupe Bruxelles Lambert | SC 13D | 13.1% | Active |
Insider trading
- Open-market buys, 12 mo
- $155K · 4
- Open-market sells, 12 mo
- $134M · 2
- Net
- −$133M
Pay vs performance
No pay-versus-performance disclosure yet.