Concentrix (CNXC) financial statements
Concentrix reported revenue of $9.8B in fiscal 2025, up 13.0% a year over 6 years.
Net income was -$1.3B and the operating margin -9.3%, against 6.3% in 2019.
Free cash flow was $572M, and the company returned $90M in dividends and $169M in net buybacks.
The diluted share count rose 22% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Concentrix's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $4.7B | $4.7B | $5.6B | $6.3B | $7.1B | $9.6B | $9.8B |
| Cost of revenue | $3.0B | $3.1B | $3.6B | $4.1B | $4.5B | $6.2B | $6.4B |
| Gross profit | $1.7B | $1.7B | $2.0B | $2.3B | $2.6B | $3.4B | $3.4B |
| Selling, general and admin | $1.5B | $1.4B | $1.4B | $1.6B | $1.9B | $2.9B | $2.8B |
| Operating income | $294M | $309M | $572M | $640M | $661M | $596M | -$918M |
| Interest expense | $92M | $48M | $23M | $70M | $201M | $322M | $290M |
| Pre-tax income | $204M | $268M | $556M | $605M | $408M | $299M | -$1.2B |
| Income tax | $87M | $103M | $150M | $169M | $94M | $48M | $97M |
| Net income | $117M | $165M | $406M | $435M | $314M | $251M | -$1.3B |
| EPS (diluted) | $2.27 | $3.19 | $7.70 | $8.28 | $5.70 | $3.71 | -$20.36 |
| Diluted shares | 52M | 52M | 52M | 52M | 54M | 65M | 63M |
| Gross margin | 37.1% | 35.2% | 35.3% | 35.7% | 36.2% | 35.9% | 35.0% |
| Operating margin | 6.3% | 6.5% | 10.2% | 10.1% | 9.3% | 6.2% | -9.3% |
| Net margin | 2.5% | 3.5% | 7.3% | 6.9% | 4.4% | 2.6% | -13.0% |
Balance sheet
Fiscal years, from Concentrix's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $84M | $153M | $182M | $145M | $295M | $241M | $327M |
| Receivables | — | $1.1B | $1.2B | $1.4B | $1.9B | $1.9B | $2.0B |
| Total current assets | — | $1.4B | $1.5B | $1.8B | $2.9B | $2.8B | $3.1B |
| Property, plant and equipment | — | $452M | $407M | $404M | $749M | $715M | $736M |
| Goodwill | $1.8B | $1.8B | $1.8B | $2.9B | $5.1B | $5.0B | $3.7B |
| Total assets | — | $5.2B | $5.0B | $6.7B | $12.5B | $12.0B | $10.8B |
| Total current liabilities | — | $1.0B | $968M | $1.1B | $2.1B | $2.0B | $2.2B |
| Long-term debt | — | $1.1B | $802M | $2.2B | $4.9B | $4.7B | $4.6B |
| Total liabilities | — | $2.9B | $2.4B | $4.0B | $8.3B | $8.0B | $8.0B |
| Shareholders' equity | $1.5B | $2.3B | $2.6B | $2.7B | $4.1B | $4.0B | $2.7B |
| Net debt | -$84M | $992M | $620M | $2.1B | $4.6B | $4.5B | $4.3B |
Cash flow
Fiscal years, from Concentrix's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $450M | $508M | $514M | $601M | $678M | $667M | $807M |
| Capital spending | $111M | $171M | $149M | $140M | $181M | $239M | $234M |
| Free cash flow | $339M | $336M | $365M | $461M | $497M | $429M | $572M |
| Stock-based compensation | $10M | $16M | $36M | $47M | $62M | $96M | $96M |
| Dividends paid | $0 | $0 | $13M | $53M | $63M | $84M | $90M |
| Share buybacks (net) | $0 | $0 | -$25M | -$121M | -$64M | -$136M | -$169M |
| Free cash flow margin | 7.2% | 7.1% | 6.5% | 7.3% | 7.0% | 4.5% | 5.8% |
| Dividends per share | — | — | $0.25 | $1.03 | $1.18 | $1.29 | $1.42 |
Questions
What was Concentrix's revenue in 2025?
$9.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does Concentrix generate?
$572M in fiscal 2025 (operating cash flow minus capital spending).
From Concentrix's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.