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Side-by-side financial comparison of Concentrix Corp (CNXC) and Keysight Technologies (KEYS). Click either name above to swap in a different company.
Concentrix Corp is the larger business by last-quarter revenue ($2.6B vs $1.4B, roughly 1.8× Keysight Technologies). Keysight Technologies runs the higher net margin — 16.4% vs -57.9%, a 74.4% gap on every dollar of revenue. On growth, Keysight Technologies posted the faster year-over-year revenue change (10.3% vs 4.3%). Concentrix Corp produced more free cash flow last quarter ($281.2M vs $187.0M). Over the past eight quarters, Keysight Technologies's revenue compounded faster (6.2% 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.
Keysight Technologies, Inc. is an American company that manufactures electronics test and measurement equipment and software. The company was formed as a spin-off of Agilent Technologies, which inherited and rebranded the test and measurement product lines developed and produced, from the late 1960s to the turn of the millennium, by Hewlett-Packard's Test and Measurement division. Its name is a portmanteau of key and insight.
CNXC vs KEYS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.6B | $1.4B |
| Net Profit | $-1.5B | $233.0M |
| Gross Margin | 34.3% | 61.2% |
| Operating Margin | -54.1% | 15.3% |
| Net Margin | -57.9% | 16.4% |
| Revenue YoY | 4.3% | 10.3% |
| Net Profit YoY | -1379.2% | 419.2% |
| EPS (diluted) | $-23.37 | $1.35 |
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 | $1.4B | ||
| Q3 25 | $2.5B | $1.4B | ||
| Q2 25 | $2.4B | $1.3B | ||
| Q1 25 | $2.4B | $1.3B | ||
| Q4 24 | $2.4B | $1.3B | ||
| Q3 24 | $2.4B | $1.2B | ||
| Q2 24 | $2.4B | $1.2B | ||
| Q1 24 | $2.4B | $1.3B |
| Q4 25 | $-1.5B | $233.0M | ||
| Q3 25 | $88.1M | $191.0M | ||
| Q2 25 | $42.1M | $257.0M | ||
| Q1 25 | $70.3M | $169.0M | ||
| Q4 24 | $115.7M | $-73.0M | ||
| Q3 24 | $16.6M | $389.0M | ||
| Q2 24 | $66.8M | $126.0M | ||
| Q1 24 | $52.1M | $172.0M |
| Q4 25 | 34.3% | 61.2% | ||
| Q3 25 | 34.4% | 61.7% | ||
| Q2 25 | 35.1% | 62.3% | ||
| Q1 25 | 36.1% | 63.2% | ||
| Q4 24 | 35.6% | 62.3% | ||
| Q3 24 | 36.2% | 62.0% | ||
| Q2 24 | 36.0% | 62.7% | ||
| Q1 24 | 35.6% | 64.6% |
| Q4 25 | -54.1% | 15.3% | ||
| Q3 25 | 5.9% | 17.3% | ||
| Q2 25 | 6.1% | 15.8% | ||
| Q1 25 | 7.1% | 16.8% | ||
| Q4 24 | 5.9% | 17.9% | ||
| Q3 24 | 6.4% | 16.8% | ||
| Q2 24 | 6.3% | 14.6% | ||
| Q1 24 | 6.2% | 17.6% |
| Q4 25 | -57.9% | 16.4% | ||
| Q3 25 | 3.5% | 14.1% | ||
| Q2 25 | 1.7% | 19.7% | ||
| Q1 25 | 3.0% | 13.0% | ||
| Q4 24 | 4.7% | -5.7% | ||
| Q3 24 | 0.7% | 32.0% | ||
| Q2 24 | 2.8% | 10.4% | ||
| Q1 24 | 2.2% | 13.7% |
| Q4 25 | $-23.37 | $1.35 | ||
| Q3 25 | $1.34 | $1.10 | ||
| Q2 25 | $0.63 | $1.49 | ||
| Q1 25 | $1.04 | $0.97 | ||
| Q4 24 | $1.72 | $-0.41 | ||
| Q3 24 | $0.25 | $2.22 | ||
| Q2 24 | $0.98 | $0.72 | ||
| Q1 24 | $0.76 | $0.98 |
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 | $1.9B |
| Total DebtLower is stronger | $4.6B | $2.5B |
| Stockholders' EquityBook value | $2.7B | $5.9B |
| Total Assets | $10.8B | $11.3B |
| Debt / EquityLower = less leverage | 1.67× | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $327.3M | $1.9B | ||
| Q3 25 | $350.3M | $2.6B | ||
| Q2 25 | $342.8M | $3.1B | ||
| Q1 25 | $308.0M | $2.1B | ||
| Q4 24 | $240.6M | $1.8B | ||
| Q3 24 | $246.2M | $1.6B | ||
| Q2 24 | $207.3M | $1.7B | ||
| Q1 24 | $234.8M | $1.7B |
| Q4 25 | $4.6B | $2.5B | ||
| Q3 25 | $4.8B | $2.5B | ||
| Q2 25 | $4.9B | $2.5B | ||
| Q1 25 | $4.9B | $1.8B | ||
| Q4 24 | $4.7B | $1.8B | ||
| Q3 24 | $4.9B | $1.8B | ||
| Q2 24 | $4.9B | $1.8B | ||
| Q1 24 | $5.0B | $1.8B |
| Q4 25 | $2.7B | $5.9B | ||
| Q3 25 | $4.3B | $5.7B | ||
| Q2 25 | $4.3B | $5.5B | ||
| Q1 25 | $4.0B | $5.2B | ||
| Q4 24 | $4.0B | $5.1B | ||
| Q3 24 | $4.2B | $5.2B | ||
| Q2 24 | $4.1B | $4.9B | ||
| Q1 24 | $4.1B | $4.8B |
| Q4 25 | $10.8B | $11.3B | ||
| Q3 25 | $12.4B | $10.7B | ||
| Q2 25 | $12.4B | $10.5B | ||
| Q1 25 | $11.9B | $9.4B | ||
| Q4 24 | $12.0B | $9.3B | ||
| Q3 24 | $12.2B | $9.3B | ||
| Q2 24 | $12.1B | $9.0B | ||
| Q1 24 | $12.2B | $9.1B |
| Q4 25 | 1.67× | 0.43× | ||
| Q3 25 | 1.10× | 0.45× | ||
| Q2 25 | 1.14× | 0.46× | ||
| Q1 25 | 1.22× | 0.35× | ||
| Q4 24 | 1.17× | 0.35× | ||
| Q3 24 | 1.18× | 0.34× | ||
| Q2 24 | 1.21× | 0.37× | ||
| Q1 24 | 1.23× | 0.38× |
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 | $225.0M |
| Free Cash FlowOCF − Capex | $281.2M | $187.0M |
| FCF MarginFCF / Revenue | 11.0% | 13.2% |
| Capex IntensityCapex / Revenue | 2.5% | 2.7% |
| Cash ConversionOCF / Net Profit | — | 0.97× |
| TTM Free Cash FlowTrailing 4 quarters | $572.5M | $1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $344.2M | $225.0M | ||
| Q3 25 | $224.8M | $322.0M | ||
| Q2 25 | $236.5M | $484.0M | ||
| Q1 25 | $1.4M | $378.0M | ||
| Q4 24 | $284.4M | $359.0M | ||
| Q3 24 | $191.6M | $255.0M | ||
| Q2 24 | $238.3M | $110.0M | ||
| Q1 24 | $-46.9M | $328.0M |
| Q4 25 | $281.2M | $187.0M | ||
| Q3 25 | $159.7M | $291.0M | ||
| Q2 25 | $180.7M | $457.0M | ||
| Q1 25 | $-49.2M | $346.0M | ||
| Q4 24 | $224.5M | $321.0M | ||
| Q3 24 | $128.9M | $222.0M | ||
| Q2 24 | $178.3M | $74.0M | ||
| Q1 24 | $-102.9M | $281.0M |
| Q4 25 | 11.0% | 13.2% | ||
| Q3 25 | 6.4% | 21.5% | ||
| Q2 25 | 7.5% | 35.0% | ||
| Q1 25 | -2.1% | 26.7% | ||
| Q4 24 | 9.2% | 24.9% | ||
| Q3 24 | 5.4% | 18.2% | ||
| Q2 24 | 7.5% | 6.1% | ||
| Q1 24 | -4.3% | 22.3% |
| Q4 25 | 2.5% | 2.7% | ||
| Q3 25 | 2.6% | 2.3% | ||
| Q2 25 | 2.3% | 2.1% | ||
| Q1 25 | 2.1% | 2.5% | ||
| Q4 24 | 2.4% | 3.0% | ||
| Q3 24 | 2.6% | 2.7% | ||
| Q2 24 | 2.5% | 3.0% | ||
| Q1 24 | 2.3% | 3.7% |
| Q4 25 | — | 0.97× | ||
| Q3 25 | 2.55× | 1.69× | ||
| Q2 25 | 5.62× | 1.88× | ||
| Q1 25 | 0.02× | 2.24× | ||
| Q4 24 | 2.46× | — | ||
| Q3 24 | 11.52× | 0.66× | ||
| Q2 24 | 3.57× | 0.87× | ||
| Q1 24 | -0.90× | 1.91× |
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% |
KEYS
| Transferred At Point In Time | $790.0M | 56% |
| Electronicindustrial | $429.0M | 30% |
| Transferred Over Time | $200.0M | 14% |
