Latest Ratios: P/E Ratio -1.5x · EV/EBITDA 4.9x · ROE -37.7%. (2018–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.8B | $2.3B | $2.9B | $5.1B | $6.3B | $8.6B | $4.1B | — | — |
| Enterprise Value | $6.2B | $6.6B | $8.1B | $10.4B | $8.9B | $9.7B | $5.7B | — | — |
| P/E Ratio → | -1.48 | — | 12.12 | 16.49 | 14.78 | 21.56 | 25.08 | — | — |
| P/S Ratio | 0.19 | 0.23 | 0.30 | 0.71 | 1.00 | 1.54 | 0.87 | — | — |
| P/B Ratio | 0.69 | 0.83 | 0.72 | 1.23 | 2.35 | 3.29 | 1.79 | — | — |
| P/FCF | 3.22 | 3.99 | 6.82 | 10.20 | 13.74 | 23.60 | 12.28 | — | — |
| P/OCF | 2.28 | 2.83 | 4.38 | 7.49 | 10.54 | 16.76 | 8.13 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.67 | 0.84 | 1.46 | 1.41 | 1.74 | 1.20 | — | — |
| EV / EBITDA | 4.89 | 5.23 | 6.21 | 9.86 | 9.37 | 11.47 | 9.70 | — | — |
| EV / EBIT | 10.10 | — | 13.03 | 17.00 | 13.18 | 16.84 | 17.95 | — | — |
| EV / FCF | — | 11.52 | 18.88 | 20.81 | 19.31 | 26.69 | 16.88 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.0% | 35.0% | 35.9% | 36.2% | 35.7% | 35.3% | 35.2% | 37.1% | 38.1% |
| Operating Margin | 6.2% | 6.2% | 6.2% | 9.3% | 10.1% | 10.2% | 6.5% | 6.3% | 5.9% |
| Net Profit Margin | -13.0% | -13.0% | 2.6% | 4.4% | 6.9% | 7.3% | 3.5% | 2.5% | 2.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -37.7% | -37.7% | 6.1% | 9.2% | 16.4% | 16.5% | 8.7% | 8.4% | 3.7% |
| ROA | -11.2% | -11.2% | 2.1% | 3.3% | 7.4% | 7.9% | 3.4% | 2.5% | — |
| ROIC | 5.6% | 5.6% | 4.8% | 6.8% | 10.7% | 11.3% | 6.3% | 9.2% | 8.2% |
| ROCE | 6.6% | 6.6% | 5.8% | 8.3% | 13.3% | 13.9% | 10.1% | 15.1% | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.69 | 1.69 | 1.39 | 1.40 | 1.01 | 0.50 | 0.74 | 1.41 | — |
| Debt / EBITDA | 3.68 | 3.68 | 4.30 | 5.52 | 2.87 | 1.54 | 2.91 | 3.44 | — |
| Net Debt / Equity | — | 1.57 | 1.28 | 1.27 | 0.95 | 0.43 | 0.67 | 1.35 | 0.00 |
| Net Debt / EBITDA | 3.42 | 3.42 | 3.97 | 5.03 | 2.70 | 1.33 | 2.65 | 3.31 | 0.00 |
| Debt / FCF | — | 7.53 | 12.05 | 10.61 | 5.57 | 3.09 | 4.60 | 5.86 | 0.00 |
| Interest Coverage | -3.07 | -3.07 | 1.93 | 3.03 | 9.63 | 25.11 | 6.54 | 3.22 | 3.90 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.40 | 1.40 | 1.42 | 1.38 | 1.55 | 1.59 | 1.41 | 0.48 | — |
| Quick Ratio | 1.40 | 1.40 | 1.42 | 1.38 | 1.55 | 1.59 | 1.41 | 0.48 | — |
| Cash Ratio | 0.15 | 0.15 | 0.22 | 0.25 | 0.14 | 0.19 | 0.16 | 0.03 | — |
| Asset Turnover | — | 0.91 | 0.80 | 0.57 | 0.95 | 1.11 | 0.91 | 1.01 | — |
| Inventory Turnover | — | — | — | — | — | — | — | 767.10 | 339.40 |
| Days Sales Outstanding | — | 74.26 | 73.11 | 96.90 | 80.25 | 78.92 | 83.64 | 78.79 | 139.83 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.7% | 3.9% | 2.9% | 1.3% | 0.8% | 0.2% | — | — | — |
| Payout Ratio | — | — | 33.4% | 20.2% | 12.3% | 3.2% | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 8.3% | 6.1% | 6.8% | 4.6% | 4.0% | — | — |
| FCF Yield | 31.1% | 25.1% | 14.7% | 9.8% | 7.3% | 4.2% | 8.1% | — | — |
| Buyback Yield | 10.2% | 8.3% | 5.1% | 1.6% | 2.1% | 0.7% | 0.0% | — | — |
| Total Shareholder Yield | 14.9% | 12.2% | 8.0% | 2.9% | 2.9% | 0.8% | 0.0% | — | — |
| Shares Outstanding | — | $63M | $65M | $54M | $52M | $52M | $52M | $52M | $52M |
Includes 30+ ratios · 8 years · Updated daily
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Quick answers to the most common questions about buying CNXC stock.
Concentrix Corporation's current P/E ratio is -1.5x. The historical average is 18.0x.
Concentrix Corporation's current EV/EBITDA is 4.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.6x.
Concentrix Corporation's return on equity (ROE) is -37.7%. The historical average is 3.9%.
Based on historical data, Concentrix Corporation is trading at a P/E of -1.5x. Compare with industry peers and growth rates for a complete picture.
Concentrix Corporation's current dividend yield is 4.71%.
Concentrix Corporation has 35.0% gross margin and 6.2% operating margin.
Concentrix Corporation's Debt/EBITDA ratio is 3.7x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Goodwill impairment and leverage
Metrics are mathematically derived from official filings.
Margin Compression Undermines Earnings Power
Gross margin fell from 36.2% in 2024Q3 to 33.4% in 2026Q2, a 280bps decline, while operating margin dropped from 6.4% to 3.9%, indicating persistent pricing and cost pressures, per quarterly data.
The sequential deterioration in gross margin, despite stable revenue, suggests that the company is absorbing cost increases or facing competitive pricing in its service contracts. Operating margin compression is more severe than gross margin, implying that SG&A and integration costs are not being fully absorbed, as evidenced by SG&A rising 46% since 2024Q3 while revenue grew only 4%. Net margin volatility, including a -57.9% quarter due to impairment, obscures the underlying profitability trend; investors should focus on operating margin as the cleaner measure of core earning power.
Return on Capital Stuck at Low Single Digits
ROIC has remained flat at approximately 1.2% over the last ten quarters, while ROE swung from -41.7% to 2.0%, reflecting a large impairment and a shrinking equity base, as reported in financial statements.
The stability of ROIC at around 1.2% indicates that the company is not generating incremental returns on its invested capital, which is concerning given the heavy acquisition-related debt and goodwill. The sharp ROE volatility is driven by the $1.5B impairment in 2025Q4, which reduced equity, but even excluding that, ROE remains in the low single digits, suggesting that the business is not compounding shareholder value. The gap between ROIC and the cost of capital likely remains negative, implying value destruction unless margins recover.
Working Capital Efficiency Masked by Seasonal Swings
DSO has remained stable at 72-78 days over the last ten quarters, while DPO is consistently around 11-13 days, resulting in a cash conversion cycle that is not fully calculable due to missing DIO data, per reported figures.
The stable DSO suggests that the company has not improved its receivables collection, which is typical for a services business with long-term contracts. The very low DPO indicates that the company pays suppliers quickly, possibly to maintain relationships, but this limits its ability to finance operations with supplier credit. The missing DIO data prevents a full CCC calculation, but the combination of high DSO and low DPO implies a negative cash cycle, which is unusual for a services firm and may indicate that working capital is a drag on cash flow.
Debt Burden Heavy with Thin Coverage
D/E rose from 1.44 in 2024Q1 to 1.70 in 2026Q2, while interest coverage fell to 2.02x, down from 2.48x a year earlier, indicating reduced comfort in servicing debt, as per SEC filings.
The increase in leverage is partly due to a shrinking equity base from impairments and retained losses, which amplifies the D/E ratio even if debt levels are stable. Interest coverage of 2.02x is thin, meaning that operating income is only twice the interest expense, leaving little buffer for margin erosion or rising rates. With D/EBITDA at 17.94x, the company appears highly leveraged relative to its cash flow, though this ratio is distorted by depressed EBITDA; investors should monitor refinancing risk given the elevated debt load.
Liquidity Buffer Thins as Current Ratio Declines
The current ratio fell from 1.56 in 2024Q1 to 1.18 in 2026Q2, while cash dropped to $255.6M, indicating a tighter liquidity position, based on quarterly balance sheet data.
The decline in the current ratio suggests that current liabilities are growing faster than current assets, which could strain the company's ability to meet short-term obligations if cash flows weaken. The quick ratio is identical to the current ratio, implying that inventory is negligible, which is typical for a services firm, but it also means that liquidity is entirely dependent on receivables and cash. Under a severe stress scenario, such as a prolonged margin compression or a further impairment, the company's liquidity could become inadequate, especially given the seasonal working capital swings observed in Q1 quarters.
EV/EBITDA Misleads on Leverage
EV/EBITDA of 4.64x appears cheap, but this multiple is distorted by depressed EBITDA from impairments and margin compression; a more accurate measure is EV/EBIT, which reflects operating performance, as per reported financials.
The low EV/EBITDA multiple is often cited as a value signal, but for CNXC, EBITDA is artificially low due to the $1.5B impairment and ongoing margin erosion, making the multiple misleadingly low. A better metric is EV/EBIT, which would be significantly higher and more accurately reflects the company's operating earnings power. Additionally, the high D/EBITDA ratio of 17.94x indicates that the company's debt is large relative to its cash flow, and investors should adjust for the non-cash impairment to assess the true leverage and valuation.