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Side-by-side financial comparison of Concentrix Corp (CNXC) and IQVIA (IQV). Click either name above to swap in a different company.
IQVIA is the larger business by last-quarter revenue ($4.4B vs $2.6B, roughly 1.7× Concentrix Corp). IQVIA runs the higher net margin — 11.8% vs -57.9%, a 69.7% gap on every dollar of revenue. On growth, IQVIA posted the faster year-over-year revenue change (10.3% vs 4.3%). IQVIA produced more free cash flow last quarter ($561.0M vs $281.2M). Over the past eight quarters, IQVIA's revenue compounded faster (8.1% CAGR vs 3.1%).
Concentrix CorpCNXCEarnings & Financial Report
Concentrix Corporation is an American business process outsourcing company headquartered in Newark, California. It was a subsidiary of SYNNEX Corporation since 2006 and went public as an independent company on December 1, 2020. In 2025, Concentrix made it to #426 on the Fortune 500 list.
IQVIA Holdings, Inc., headquartered in Durham, North Carolina, is an American company focused on health information technology and clinical research.
CNXC vs IQV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.6B | $4.4B |
| Net Profit | $-1.5B | $514.0M |
| Gross Margin | 34.3% | — |
| Operating Margin | -54.1% | 14.4% |
| Net Margin | -57.9% | 11.8% |
| Revenue YoY | 4.3% | 10.3% |
| Net Profit YoY | -1379.2% | 17.6% |
| EPS (diluted) | $-23.37 | $2.97 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $2.6B | $4.4B | ||
| Q3 25 | $2.5B | $4.1B | ||
| Q2 25 | $2.4B | $4.0B | ||
| Q1 25 | $2.4B | $3.8B | ||
| Q4 24 | $2.4B | $4.0B | ||
| Q3 24 | $2.4B | $3.9B | ||
| Q2 24 | $2.4B | $3.8B | ||
| Q1 24 | $2.4B | $3.7B |
| Q4 25 | $-1.5B | $514.0M | ||
| Q3 25 | $88.1M | $331.0M | ||
| Q2 25 | $42.1M | $266.0M | ||
| Q1 25 | $70.3M | $249.0M | ||
| Q4 24 | $115.7M | $437.0M | ||
| Q3 24 | $16.6M | $285.0M | ||
| Q2 24 | $66.8M | $363.0M | ||
| Q1 24 | $52.1M | $288.0M |
| Q4 25 | 34.3% | — | ||
| Q3 25 | 34.4% | — | ||
| Q2 25 | 35.1% | — | ||
| Q1 25 | 36.1% | — | ||
| Q4 24 | 35.6% | — | ||
| Q3 24 | 36.2% | 23.5% | ||
| Q2 24 | 36.0% | 22.6% | ||
| Q1 24 | 35.6% | 22.1% |
| Q4 25 | -54.1% | 14.4% | ||
| Q3 25 | 5.9% | 13.5% | ||
| Q2 25 | 6.1% | 12.6% | ||
| Q1 25 | 7.1% | 13.0% | ||
| Q4 24 | 5.9% | 15.8% | ||
| Q3 24 | 6.4% | 14.1% | ||
| Q2 24 | 6.3% | 13.6% | ||
| Q1 24 | 6.2% | 13.5% |
| Q4 25 | -57.9% | 11.8% | ||
| Q3 25 | 3.5% | 8.1% | ||
| Q2 25 | 1.7% | 6.6% | ||
| Q1 25 | 3.0% | 6.5% | ||
| Q4 24 | 4.7% | 11.0% | ||
| Q3 24 | 0.7% | 7.3% | ||
| Q2 24 | 2.8% | 9.5% | ||
| Q1 24 | 2.2% | 7.7% |
| Q4 25 | $-23.37 | $2.97 | ||
| Q3 25 | $1.34 | $1.93 | ||
| Q2 25 | $0.63 | $1.54 | ||
| Q1 25 | $1.04 | $1.40 | ||
| Q4 24 | $1.72 | $2.41 | ||
| Q3 24 | $0.25 | $1.55 | ||
| Q2 24 | $0.98 | $1.97 | ||
| Q1 24 | $0.76 | $1.56 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $327.3M | $2.1B |
| Total DebtLower is stronger | $4.6B | — |
| Stockholders' EquityBook value | $2.7B | $6.5B |
| Total Assets | $10.8B | $29.9B |
| Debt / EquityLower = less leverage | 1.67× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $327.3M | $2.1B | ||
| Q3 25 | $350.3M | $2.0B | ||
| Q2 25 | $342.8M | $2.2B | ||
| Q1 25 | $308.0M | $1.9B | ||
| Q4 24 | $240.6M | $1.8B | ||
| Q3 24 | $246.2M | $1.7B | ||
| Q2 24 | $207.3M | $1.7B | ||
| Q1 24 | $234.8M | $1.6B |
| Q4 25 | $4.6B | — | ||
| Q3 25 | $4.8B | — | ||
| Q2 25 | $4.9B | — | ||
| Q1 25 | $4.9B | — | ||
| Q4 24 | $4.7B | — | ||
| Q3 24 | $4.9B | — | ||
| Q2 24 | $4.9B | — | ||
| Q1 24 | $5.0B | — |
| Q4 25 | $2.7B | $6.5B | ||
| Q3 25 | $4.3B | $6.2B | ||
| Q2 25 | $4.3B | $5.8B | ||
| Q1 25 | $4.0B | $6.0B | ||
| Q4 24 | $4.0B | $6.1B | ||
| Q3 24 | $4.2B | $7.0B | ||
| Q2 24 | $4.1B | $6.7B | ||
| Q1 24 | $4.1B | $6.3B |
| Q4 25 | $10.8B | $29.9B | ||
| Q3 25 | $12.4B | $28.7B | ||
| Q2 25 | $12.4B | $28.6B | ||
| Q1 25 | $11.9B | $27.3B | ||
| Q4 24 | $12.0B | $26.9B | ||
| Q3 24 | $12.2B | $27.2B | ||
| Q2 24 | $12.1B | $26.4B | ||
| Q1 24 | $12.2B | $26.6B |
| Q4 25 | 1.67× | — | ||
| Q3 25 | 1.10× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | 1.17× | — | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | 1.21× | — | ||
| Q1 24 | 1.23× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $344.2M | $735.0M |
| Free Cash FlowOCF − Capex | $281.2M | $561.0M |
| FCF MarginFCF / Revenue | 11.0% | 12.9% |
| Capex IntensityCapex / Revenue | 2.5% | 4.0% |
| Cash ConversionOCF / Net Profit | — | 1.43× |
| TTM Free Cash FlowTrailing 4 quarters | $572.5M | $2.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $344.2M | $735.0M | ||
| Q3 25 | $224.8M | $908.0M | ||
| Q2 25 | $236.5M | $443.0M | ||
| Q1 25 | $1.4M | $568.0M | ||
| Q4 24 | $284.4M | $885.0M | ||
| Q3 24 | $191.6M | $721.0M | ||
| Q2 24 | $238.3M | $588.0M | ||
| Q1 24 | $-46.9M | $522.0M |
| Q4 25 | $281.2M | $561.0M | ||
| Q3 25 | $159.7M | $772.0M | ||
| Q2 25 | $180.7M | $292.0M | ||
| Q1 25 | $-49.2M | $426.0M | ||
| Q4 24 | $224.5M | $721.0M | ||
| Q3 24 | $128.9M | $571.0M | ||
| Q2 24 | $178.3M | $445.0M | ||
| Q1 24 | $-102.9M | $377.0M |
| Q4 25 | 11.0% | 12.9% | ||
| Q3 25 | 6.4% | 18.8% | ||
| Q2 25 | 7.5% | 7.3% | ||
| Q1 25 | -2.1% | 11.1% | ||
| Q4 24 | 9.2% | 18.2% | ||
| Q3 24 | 5.4% | 14.7% | ||
| Q2 24 | 7.5% | 11.7% | ||
| Q1 24 | -4.3% | 10.1% |
| Q4 25 | 2.5% | 4.0% | ||
| Q3 25 | 2.6% | 3.3% | ||
| Q2 25 | 2.3% | 3.8% | ||
| Q1 25 | 2.1% | 3.7% | ||
| Q4 24 | 2.4% | 4.1% | ||
| Q3 24 | 2.6% | 3.9% | ||
| Q2 24 | 2.5% | 3.7% | ||
| Q1 24 | 2.3% | 3.9% |
| Q4 25 | — | 1.43× | ||
| Q3 25 | 2.55× | 2.74× | ||
| Q2 25 | 5.62× | 1.67× | ||
| Q1 25 | 0.02× | 2.28× | ||
| Q4 24 | 2.46× | 2.03× | ||
| Q3 24 | 11.52× | 2.53× | ||
| Q2 24 | 3.57× | 1.62× | ||
| Q1 24 | -0.90× | 1.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CNXC
| Technology And Consumer Electronics | $675.1M | 26% |
| Retail Travel And Ecommerce | $643.4M | 25% |
| Communications And Media | $417.2M | 16% |
| Banking Financial Services And Insurance | $402.6M | 16% |
| Other Industries | $229.7M | 9% |
| Other | $185.0M | 7% |
IQV
Segment breakdown not available.
