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Side-by-side financial comparison of Concentrix Corp (CNXC) and MARKEL GROUP INC. (MKL). Click either name above to swap in a different company.

MARKEL GROUP INC. is the larger business by last-quarter revenue ($3.6B vs $2.6B, roughly 1.4× Concentrix Corp). MARKEL GROUP INC. runs the higher net margin — 16.1% vs -57.9%, a 74.1% gap on every dollar of revenue. On growth, Concentrix Corp posted the faster year-over-year revenue change (4.3% vs -6.9%). MARKEL GROUP INC. produced more free cash flow last quarter ($599.1M vs $281.2M). Over the past eight quarters, Concentrix Corp's revenue compounded faster (3.1% CAGR vs -10.5%).

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.

Markel Group Inc. is a group of companies headquartered in Richmond, Virginia, and originally founded in 1930 as an insurance company.

CNXC vs MKL — Head-to-Head

Bigger by revenue
MKL
MKL
1.4× larger
MKL
$3.6B
$2.6B
CNXC
Growing faster (revenue YoY)
CNXC
CNXC
+11.2% gap
CNXC
4.3%
-6.9%
MKL
Higher net margin
MKL
MKL
74.1% more per $
MKL
16.1%
-57.9%
CNXC
More free cash flow
MKL
MKL
$317.9M more FCF
MKL
$599.1M
$281.2M
CNXC
Faster 2-yr revenue CAGR
CNXC
CNXC
Annualised
CNXC
3.1%
-10.5%
MKL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CNXC
CNXC
MKL
MKL
Revenue
$2.6B
$3.6B
Net Profit
$-1.5B
$576.8M
Gross Margin
34.3%
Operating Margin
-54.1%
22.2%
Net Margin
-57.9%
16.1%
Revenue YoY
4.3%
-6.9%
Net Profit YoY
-1379.2%
5.0%
EPS (diluted)
$-23.37
$48.22

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.

Revenue
CNXC
CNXC
MKL
MKL
Q4 25
$2.6B
$3.6B
Q3 25
$2.5B
$3.9B
Q2 25
$2.4B
$4.6B
Q1 25
$2.4B
$3.4B
Q4 24
$2.4B
$3.8B
Q3 24
$2.4B
$4.6B
Q2 24
$2.4B
$3.7B
Q1 24
$2.4B
$4.5B
Net Profit
CNXC
CNXC
MKL
MKL
Q4 25
$-1.5B
$576.8M
Q3 25
$88.1M
$751.3M
Q2 25
$42.1M
$657.1M
Q1 25
$70.3M
$121.7M
Q4 24
$115.7M
$549.2M
Q3 24
$16.6M
$905.0M
Q2 24
$66.8M
$267.7M
Q1 24
$52.1M
$1.0B
Gross Margin
CNXC
CNXC
MKL
MKL
Q4 25
34.3%
Q3 25
34.4%
Q2 25
35.1%
Q1 25
36.1%
Q4 24
35.6%
Q3 24
36.2%
Q2 24
36.0%
Q1 24
35.6%
Operating Margin
CNXC
CNXC
MKL
MKL
Q4 25
-54.1%
22.2%
Q3 25
5.9%
25.7%
Q2 25
6.1%
24.1%
Q1 25
7.1%
8.3%
Q4 24
5.9%
15.5%
Q3 24
6.4%
29.7%
Q2 24
6.3%
11.1%
Q1 24
6.2%
29.9%
Net Margin
CNXC
CNXC
MKL
MKL
Q4 25
-57.9%
16.1%
Q3 25
3.5%
19.1%
Q2 25
1.7%
14.3%
Q1 25
3.0%
3.6%
Q4 24
4.7%
14.3%
Q3 24
0.7%
19.6%
Q2 24
2.8%
7.2%
Q1 24
2.2%
23.0%
EPS (diluted)
CNXC
CNXC
MKL
MKL
Q4 25
$-23.37
$48.22
Q3 25
$1.34
$59.25
Q2 25
$0.63
$49.67
Q1 25
$1.04
$12.08
Q4 24
$1.72
$39.02
Q3 24
$0.25
$66.25
Q2 24
$0.98
$18.62
Q1 24
$0.76
$75.43

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CNXC
CNXC
MKL
MKL
Cash + ST InvestmentsLiquidity on hand
$327.3M
$4.0B
Total DebtLower is stronger
$4.6B
$4.3B
Stockholders' EquityBook value
$2.7B
$18.6B
Total Assets
$10.8B
$68.9B
Debt / EquityLower = less leverage
1.67×
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNXC
CNXC
MKL
MKL
Q4 25
$327.3M
$4.0B
Q3 25
$350.3M
$4.0B
Q2 25
$342.8M
$3.7B
Q1 25
$308.0M
$4.2B
Q4 24
$240.6M
$3.7B
Q3 24
$246.2M
$3.9B
Q2 24
$207.3M
$3.5B
Q1 24
$234.8M
$3.6B
Total Debt
CNXC
CNXC
MKL
MKL
Q4 25
$4.6B
$4.3B
Q3 25
$4.8B
$4.3B
Q2 25
$4.9B
$4.4B
Q1 25
$4.9B
$4.4B
Q4 24
$4.7B
$4.3B
Q3 24
$4.9B
$4.4B
Q2 24
$4.9B
$4.4B
Q1 24
$5.0B
$3.9B
Stockholders' Equity
CNXC
CNXC
MKL
MKL
Q4 25
$2.7B
$18.6B
Q3 25
$4.3B
$18.0B
Q2 25
$4.3B
$17.3B
Q1 25
$4.0B
$17.1B
Q4 24
$4.0B
$16.9B
Q3 24
$4.2B
$17.0B
Q2 24
$4.1B
$15.9B
Q1 24
$4.1B
$15.7B
Total Assets
CNXC
CNXC
MKL
MKL
Q4 25
$10.8B
$68.9B
Q3 25
$12.4B
$67.4B
Q2 25
$12.4B
$66.8B
Q1 25
$11.9B
$64.6B
Q4 24
$12.0B
$61.9B
Q3 24
$12.2B
$62.3B
Q2 24
$12.1B
$59.7B
Q1 24
$12.2B
$57.3B
Debt / Equity
CNXC
CNXC
MKL
MKL
Q4 25
1.67×
0.23×
Q3 25
1.10×
0.24×
Q2 25
1.14×
0.25×
Q1 25
1.22×
0.26×
Q4 24
1.17×
0.26×
Q3 24
1.18×
0.26×
Q2 24
1.21×
0.28×
Q1 24
1.23×
0.25×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CNXC
CNXC
MKL
MKL
Operating Cash FlowLast quarter
$344.2M
$662.2M
Free Cash FlowOCF − Capex
$281.2M
$599.1M
FCF MarginFCF / Revenue
11.0%
16.7%
Capex IntensityCapex / Revenue
2.5%
1.8%
Cash ConversionOCF / Net Profit
1.15×
TTM Free Cash FlowTrailing 4 quarters
$572.5M
$2.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNXC
CNXC
MKL
MKL
Q4 25
$344.2M
$662.2M
Q3 25
$224.8M
$1.2B
Q2 25
$236.5M
$504.4M
Q1 25
$1.4M
$376.2M
Q4 24
$284.4M
$493.9M
Q3 24
$191.6M
$890.8M
Q2 24
$238.3M
$578.6M
Q1 24
$-46.9M
$630.7M
Free Cash Flow
CNXC
CNXC
MKL
MKL
Q4 25
$281.2M
$599.1M
Q3 25
$159.7M
$1.2B
Q2 25
$180.7M
$453.8M
Q1 25
$-49.2M
$335.5M
Q4 24
$224.5M
$420.0M
Q3 24
$128.9M
$838.9M
Q2 24
$178.3M
$521.4M
Q1 24
$-102.9M
$558.7M
FCF Margin
CNXC
CNXC
MKL
MKL
Q4 25
11.0%
16.7%
Q3 25
6.4%
29.6%
Q2 25
7.5%
9.9%
Q1 25
-2.1%
9.9%
Q4 24
9.2%
10.9%
Q3 24
5.4%
18.2%
Q2 24
7.5%
14.1%
Q1 24
-4.3%
12.5%
Capex Intensity
CNXC
CNXC
MKL
MKL
Q4 25
2.5%
1.8%
Q3 25
2.6%
1.3%
Q2 25
2.3%
1.1%
Q1 25
2.1%
1.2%
Q4 24
2.4%
1.9%
Q3 24
2.6%
1.1%
Q2 24
2.5%
1.5%
Q1 24
2.3%
1.6%
Cash Conversion
CNXC
CNXC
MKL
MKL
Q4 25
1.15×
Q3 25
2.55×
1.62×
Q2 25
5.62×
0.77×
Q1 25
0.02×
3.09×
Q4 24
2.46×
0.90×
Q3 24
11.52×
0.98×
Q2 24
3.57×
2.16×
Q1 24
-0.90×
0.62×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CNXC
CNXC

Technology And Consumer Electronics$675.1M26%
Retail Travel And Ecommerce$643.4M25%
Communications And Media$417.2M16%
Banking Financial Services And Insurance$402.6M16%
Other Industries$229.7M9%
Other$185.0M7%

MKL
MKL

Industrial$1.6B45%
Consumer And Other$958.3M27%
Financial$737.0M21%
Other$198.8M6%
Corporate Operations$52.0M1%
Revenue From Contract With Customer$10.5M0%

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