Recent News
Dec. 23, 2025: Company scheduled fourth-quarter and fiscal‑year 2025 results and an investor call for Jan. 13, 2026. Jan. 13, 2026: Board declared a quarterly dividend of $0.36 per share (record/ex-dividend dates announced). Jan. 20, 2026: Independent industry research named Concentrix a leader in GenAI‑powered business transformation. Jan. 27, 2026: Concentrix earned an ‘A’ score from the Carbon Disclosure Project for climate disclosure.
Technical Analysis
Directional indicators show an emerging trend: ADX at 24.06 signals an emerging trend strength. Both the negative directional index at 26.13 (dip & reversal) and the positive directional index at 15.27 (decreasing) present a bearish directional picture, tilting near‑term price pressure toward the downside and acting as a headwind to valuation recovery.
Momentum picture grows cautious: MACD sits at -0.28 and trends downward while the signal line remains at 0.22, indicating bearish momentum and no recent bullish MACD crossover. MRO at 22.92 with a dip-and-reversal indicates price currently sits above the WMDST target and recent momentum reversal raises the likelihood of contraction toward that target.
Short-term internals point to a rollover: RSI at 49.31 with a peak-and-reversal indicates a neutral-to-soft reading after a short-term top. The 12‑day EMA shows a peak-and-reversal, and the 20‑day average ($40.77) trades above the close ($39.67), which limits upside conviction versus the 200‑day average ($47.69).
Price structure sits near short-term support: The close at $39.67 matches the 50‑day average and trades just above the lower 1× Bollinger band ($38.22), implying compressed downside room but little technical momentum to push decisively higher. Elevated 10‑day and 50‑day volume averages versus longer-term norms confirm higher participation on recent moves.
Volatility and beta favor cautious positioning: 42‑day beta at 1.87 versus 52‑week beta of 1.03 signals elevated short‑term volatility; that increases the sensitivity of near‑term price moves to news and earnings surprises, reinforcing the need to anchor expectations to cash‑flow and leverage developments.
Fundamental Analysis
Earnings and top‑line: The latest report (date of report Jan. 13, 2026) shows total revenue of $2,552.9M with YoY revenue growth of 10.52% and QoQ revenue growth of 2.97%. Reported non‑GAAP EPS came in at $2.95 versus an estimate of $2.91, producing an EPS surprise of +1.38%.
Cash generation and free cash metrics support valuation: Operating cash flow stands at $344.2M and free cash flow at $281.2M, producing a free cash flow yield of 10.97%. Free cash growth YoY registered +2.42%. WMDST treats free cash flow strength as the primary pillar for current valuation.
Profitability and margins require recovery: EBIT registers at -$1,376.2M, producing an EBIT margin of -53.91% and QoQ change of -8.30% and YoY change of -7.98%. This EBIT margin sits well below the industry peer mean of 15.52% and well outside the typical industry peer range, indicating large non‑operational or one‑time charges depressed GAAP operating profit.
Operating margin and gross margin diverge: Gross margin at 34.31% slightly exceeds the industry peer mean of 31.67%, yet operating margin at 5.69% lags the industry peer mean of 15.61%, showing that cost structure or operating leverage compression reduced operating profitability despite healthy gross margin.
Balance sheet and leverage: Total debt equals $4,638.5M with net debt of $4,311.2M and debt‑to‑equity of 1.69x (169.0%), well above the industry peer mean of 0.5149x but within the broader industry peer range. Debt‑to‑assets at 43.11% sits above the industry peer mean of 17.42% and inside the industry peer range; leverage reduction remains a priority for restoring margin resilience.
Valuation context: Trailing PE at 14.07 trades below the industry peer low of 15.05 and materially below the industry peer mean; the price‑to‑book ratio at 0.93 sits below the industry peer mean of 4.54. Combined with a 10.97% free cash flow yield well above the industry peer mean of ~1.09%, WMDST values the stock as under‑valued, driven by cash generation despite impaired GAAP profitability and elevated leverage.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-11-30 |
| REPORT DATE: | 2026-01-13 |
| NEXT REPORT DATE: | 2026-04-14 |
| CASH FLOW | Begin Period Cash Flow | $ 538.5 M |
| Operating Cash Flow | $ 344.2 M | |
| Capital Expenditures | $ -63.03 M | |
| Change In Working Capital | $ 151.7 M | |
| Dividends Paid | $ -23.23 M | |
| Cash Flow Delta | $ -17.36 M | |
| End Period Cash Flow | $ 521.1 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 2.6 B | |
| Forward Revenue | $ -88.68 M | |
| COSTS | ||
| Cost Of Revenue | $ 1.7 B | |
| Depreciation | $ 58.1 M | |
| Depreciation and Amortization | $ 165.9 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 2.4 B | |
| PROFITABILITY | ||
| Gross Profit | $ 876.0 M | |
| EBITDA | $ -1.21 B | |
| EBIT | $ -1.38 B | |
| Operating Income | $ 145.3 M | |
| Interest Income | — | |
| Interest Expense | $ 69.9 M | |
| Net Interest Income | $ -69.94 M | |
| Income Before Tax | $ -1.45 B | |
| Tax Provision | $ 33.2 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ -1.48 B | |
| Net Income From Continuing Operations | $ -1.48 B | |
| EARNINGS | ||
| EPS Estimate | $ 2.91 | |
| EPS Actual | $ 2.95 | |
| EPS Difference | $ 0.04 | |
| EPS Surprise | 1.375 % | |
| Forward EPS | $ 3.33 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 10.8 B | |
| Intangible Assets | $ 5.6 B | |
| Net Tangible Assets | $ -2.89 B | |
| Total Current Assets | $ 3.1 B | |
| Cash and Short-Term Investments | $ 327.3 M | |
| Cash | $ 327.3 M | |
| Net Receivables | $ 1.1 B | |
| Inventory | — | |
| Long-Term Investments | $ 991.5 M | |
| LIABILITIES | ||
| Accounts Payable | $ 244.8 M | |
| Short-Term Debt | $ 65.6 M | |
| Total Current Liabilities | $ 2.2 B | |
| Net Debt | $ 4.3 B | |
| Total Debt | $ 4.6 B | |
| Total Liabilities | $ 8.0 B | |
| EQUITY | ||
| Total Equity | $ 2.7 B | |
| Retained Earnings | $ -177.01 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 44.45 | |
| Shares Outstanding | 61.739 M | |
| Revenue Per-Share | $ 41.35 | |
| VALUATION | Market Capitalization | $ 2.6 B |
| Enterprise Value | $ 6.9 B | |
| Enterprise Multiple | -5.679 | |
| Enterprise Multiple QoQ | -125.7 % | |
| Enterprise Multiple YoY | -174.95 % | |
| Enterprise Multiple IPRWA | high: 59.691 median: 46.929 mean: 40.47 CNXC: -5.679 low: -6.735 |
|
| EV/R | 2.693 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 3.921 | |
| Asset To Liability | 1.342 | |
| Debt To Capital | 0.628 | |
| Debt To Assets | 0.431 | |
| Debt To Assets QoQ | 10.804 % | |
| Debt To Assets YoY | 205161.905 % | |
| Debt To Assets IPRWA | high: 0.587 CNXC: 0.431 mean: 0.174 low: 0.127 median: 0.127 |
|
| Debt To Equity | 1.69 | |
| Debt To Equity QoQ | 52.088 % | |
| Debt To Equity YoY | 272514.516 % | |
| Debt To Equity IPRWA | high: 4.036 CNXC: 1.69 mean: 0.515 median: 0.266 low: 0.221 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 0.934 | |
| Price To Book QoQ | 22.893 % | |
| Price To Book YoY | 27.947 % | |
| Price To Book IPRWA | high: 10.768 median: 5.108 mean: 4.535 CNXC: 0.934 low: 0.033 |
|
| Price To Earnings (P/E) | 14.073 | |
| Price To Earnings QoQ | -64.466 % | |
| Price To Earnings YoY | -0.059 % | |
| Price To Earnings IPRWA | high: 83.682 mean: 65.631 median: 51.591 low: 15.045 CNXC: 14.073 |
|
| PE/G Ratio | 0.117 | |
| Price To Sales (P/S) | 1.004 | |
| Price To Sales QoQ | -24.483 % | |
| Price To Sales YoY | -16.652 % | |
| Price To Sales IPRWA | high: 8.413 median: 8.413 mean: 6.777 CNXC: 1.004 low: 0.125 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 12.789 | |
| Forward PE/G | 0.106 | |
| Forward P/S | -28.903 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -303.017 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.22 | |
| Asset Turnover Ratio QoQ | 10.059 % | |
| Asset Turnover Ratio YoY | 8.912 % | |
| Asset Turnover Ratio IPRWA | high: 0.369 median: 0.288 mean: 0.276 CNXC: 0.22 low: 0.173 |
|
| Receivables Turnover | 2.312 | |
| Receivables Turnover Ratio QoQ | 5.723 % | |
| Receivables Turnover Ratio YoY | -0.447 % | |
| Receivables Turnover Ratio IPRWA | high: 4.195 CNXC: 2.312 mean: 1.641 low: 1.388 median: 1.388 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 39.472 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 2.874 | |
| CapEx To Revenue | -0.025 | |
| CapEx To Depreciation | -1.085 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 7.3 B | |
| Net Invested Capital | $ 7.4 B | |
| Invested Capital | $ 7.4 B | |
| Net Tangible Assets | $ -2.89 B | |
| Net Working Capital | $ 888.2 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.149 | |
| Current Ratio | 1.404 | |
| Current Ratio QoQ | -10.067 % | |
| Current Ratio YoY | -1.391 % | |
| Current Ratio IPRWA | high: 2.185 mean: 1.566 median: 1.411 CNXC: 1.404 low: 1.197 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -3.832 | |
| Cost Of Debt | 1.172 % | |
| Interest Coverage Ratio | -19.679 | |
| Interest Coverage Ratio QoQ | -872.47 % | |
| Interest Coverage Ratio YoY | -892.443 % | |
| Interest Coverage Ratio IPRWA | high: 46.402 median: 46.402 mean: 37.797 low: 3.848 CNXC: -19.679 |
|
| Operating Cash Flow Ratio | -0.57 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 13.067 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | -63.698 | |
| Dividend Payout Ratio | -0.016 | |
| Dividend Rate | $ 0.38 | |
| Dividend Yield | 0.009 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -13.288 % | |
| Revenue Growth | 2.806 % | |
| Revenue Growth QoQ | 2.972 % | |
| Revenue Growth YoY | 10.516 % | |
| Revenue Growth IPRWA | high: 6.512 % median: 6.512 % mean: 4.75 % CNXC: 2.806 % low: -9.343 % |
|
| Earnings Growth | 120.149 % | |
| Earnings Growth QoQ | -338.533 % | |
| Earnings Growth YoY | 784.164 % | |
| Earnings Growth IPRWA | CNXC: 120.149 % high: 30.033 % mean: 25.928 % median: 18.792 % low: -28.926 % |
|
| MARGINS | ||
| Gross Margin | 34.312 % | |
| Gross Margin QoQ | -0.346 % | |
| Gross Margin YoY | -3.518 % | |
| Gross Margin IPRWA | high: 51.947 % CNXC: 34.312 % median: 33.065 % mean: 31.672 % low: 9.3 % |
|
| EBIT Margin | -53.909 % | |
| EBIT Margin QoQ | -829.683 % | |
| EBIT Margin YoY | -798.213 % | |
| EBIT Margin IPRWA | high: 18.34 % median: 16.183 % mean: 15.518 % low: 6.806 % CNXC: -53.909 % |
|
| Return On Sales (ROS) | 5.693 % | |
| Return On Sales QoQ | -3.818 % | |
| Return On Sales YoY | -26.266 % | |
| Return On Sales IPRWA | high: 16.974 % median: 16.974 % mean: 15.61 % low: 6.86 % CNXC: 5.693 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 281.2 M | |
| Free Cash Flow Yield | 10.97 % | |
| Free Cash Flow Yield QoQ | 126.7 % | |
| Free Cash Flow Yield YoY | 44.077 % | |
| Free Cash Flow Yield IPRWA | CNXC: 10.97 % high: 2.802 % mean: 1.085 % low: 0.956 % median: 0.956 % |
|
| Free Cash Growth | 76.019 % | |
| Free Cash Growth QoQ | -754.434 % | |
| Free Cash Growth YoY | 2.421 % | |
| Free Cash Growth IPRWA | CNXC: 76.019 % high: 24.348 % mean: -43.348 % low: -60.394 % median: -60.394 % |
|
| Free Cash To Net Income | -0.19 | |
| Cash Flow Margin | -49.042 % | |
| Cash Flow To Earnings | 0.846 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.02 | |
| Return On Assets (ROA) | -12.769 % | |
| Return On Assets QoQ | -1898.451 % | |
| Return On Assets YoY | -1435.669 % | |
| Return On Assets IPRWA | high: 3.4 % median: 3.4 % mean: 3.063 % low: 1.404 % CNXC: -12.769 % |
|
| Return On Capital Employed (ROCE) | -16.069 % | |
| Return On Equity (ROE) | -0.539 | |
| Return On Equity QoQ | -2758.136 % | |
| Return On Equity YoY | -1982.885 % | |
| Return On Equity IPRWA | high: 0.195 median: 0.072 mean: 0.07 low: 0.03 CNXC: -0.539 |
|
| DuPont ROE | -41.74 % | |
| Return On Invested Capital (ROIC) | -14.726 % | |
| Return On Invested Capital QoQ | -1030.847 % | |
| Return On Invested Capital YoY | -76.525 % | |
| Return On Invested Capital IPRWA | high: 6.362 % median: 6.362 % mean: 5.463 % low: 2.231 % CNXC: -14.726 % |
|