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Side-by-side financial comparison of Concentrix Corp (CNXC) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
SHOPIFY INC. is the larger business by last-quarter revenue ($3.7B vs $2.6B, roughly 1.4× Concentrix Corp). SHOPIFY INC. runs the higher net margin — 20.2% vs -57.9%, a 78.2% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs 4.3%). SHOPIFY INC. produced more free cash flow last quarter ($715.0M vs $281.2M). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% 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.
Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario that operates a platform for retail point-of-sale systems. The company has over 5 million customers and processed US$292.3 billion in transactions in 2024, of which 57% was in the United States. Major customers include Tesla, LVMH, Nestlé, PepsiCo, AB InBev, Kraft Heinz, Lindt, Whole Foods Market, Red Bull, and Hyatt.
CNXC vs SHOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.6B | $3.7B |
| Net Profit | $-1.5B | $743.0M |
| Gross Margin | 34.3% | 46.1% |
| Operating Margin | -54.1% | 17.2% |
| Net Margin | -57.9% | 20.2% |
| Revenue YoY | 4.3% | 30.6% |
| Net Profit YoY | -1379.2% | -42.5% |
| EPS (diluted) | $-23.37 | $0.58 |
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 | $3.7B | ||
| Q3 25 | $2.5B | $2.8B | ||
| Q2 25 | $2.4B | $2.7B | ||
| Q1 25 | $2.4B | $2.4B | ||
| Q4 24 | $2.4B | $2.8B | ||
| Q3 24 | $2.4B | $2.2B | ||
| Q2 24 | $2.4B | $2.0B | ||
| Q1 24 | $2.4B | $1.9B |
| Q4 25 | $-1.5B | $743.0M | ||
| Q3 25 | $88.1M | $264.0M | ||
| Q2 25 | $42.1M | $906.0M | ||
| Q1 25 | $70.3M | $-682.0M | ||
| Q4 24 | $115.7M | $1.3B | ||
| Q3 24 | $16.6M | $828.0M | ||
| Q2 24 | $66.8M | $171.0M | ||
| Q1 24 | $52.1M | $-273.0M |
| Q4 25 | 34.3% | 46.1% | ||
| Q3 25 | 34.4% | 48.9% | ||
| Q2 25 | 35.1% | 48.6% | ||
| Q1 25 | 36.1% | 49.5% | ||
| Q4 24 | 35.6% | 48.1% | ||
| Q3 24 | 36.2% | 51.7% | ||
| Q2 24 | 36.0% | 51.1% | ||
| Q1 24 | 35.6% | 51.4% |
| Q4 25 | -54.1% | 17.2% | ||
| Q3 25 | 5.9% | 12.1% | ||
| Q2 25 | 6.1% | 10.9% | ||
| Q1 25 | 7.1% | 8.6% | ||
| Q4 24 | 5.9% | 16.5% | ||
| Q3 24 | 6.4% | 13.1% | ||
| Q2 24 | 6.3% | 11.8% | ||
| Q1 24 | 6.2% | 4.6% |
| Q4 25 | -57.9% | 20.2% | ||
| Q3 25 | 3.5% | 9.3% | ||
| Q2 25 | 1.7% | 33.8% | ||
| Q1 25 | 3.0% | -28.9% | ||
| Q4 24 | 4.7% | 46.0% | ||
| Q3 24 | 0.7% | 38.3% | ||
| Q2 24 | 2.8% | 8.4% | ||
| Q1 24 | 2.2% | -14.7% |
| Q4 25 | $-23.37 | $0.58 | ||
| Q3 25 | $1.34 | $0.20 | ||
| Q2 25 | $0.63 | $0.69 | ||
| Q1 25 | $1.04 | $-0.53 | ||
| Q4 24 | $1.72 | $0.99 | ||
| Q3 24 | $0.25 | $0.64 | ||
| Q2 24 | $0.98 | $0.13 | ||
| Q1 24 | $0.76 | $-0.21 |
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 | $5.8B |
| Total DebtLower is stronger | $4.6B | — |
| Stockholders' EquityBook value | $2.7B | $13.5B |
| Total Assets | $10.8B | $15.2B |
| Debt / EquityLower = less leverage | 1.67× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $327.3M | $5.8B | ||
| Q3 25 | $350.3M | $6.3B | ||
| Q2 25 | $342.8M | $5.8B | ||
| Q1 25 | $308.0M | $5.5B | ||
| Q4 24 | $240.6M | $5.5B | ||
| Q3 24 | $246.2M | — | ||
| Q2 24 | $207.3M | — | ||
| Q1 24 | $234.8M | — |
| 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 | $13.5B | ||
| Q3 25 | $4.3B | $12.5B | ||
| Q2 25 | $4.3B | $12.1B | ||
| Q1 25 | $4.0B | $11.1B | ||
| Q4 24 | $4.0B | $11.6B | ||
| Q3 24 | $4.2B | $10.1B | ||
| Q2 24 | $4.1B | $9.2B | ||
| Q1 24 | $4.1B | $8.9B |
| Q4 25 | $10.8B | $15.2B | ||
| Q3 25 | $12.4B | $15.0B | ||
| Q2 25 | $12.4B | $14.6B | ||
| Q1 25 | $11.9B | $13.4B | ||
| Q4 24 | $12.0B | $13.9B | ||
| Q3 24 | $12.2B | — | ||
| Q2 24 | $12.1B | — | ||
| Q1 24 | $12.2B | — |
| 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 | $725.0M |
| Free Cash FlowOCF − Capex | $281.2M | $715.0M |
| FCF MarginFCF / Revenue | 11.0% | 19.5% |
| Capex IntensityCapex / Revenue | 2.5% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | $572.5M | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $344.2M | $725.0M | ||
| Q3 25 | $224.8M | $513.0M | ||
| Q2 25 | $236.5M | $428.0M | ||
| Q1 25 | $1.4M | $367.0M | ||
| Q4 24 | $284.4M | $615.0M | ||
| Q3 24 | $191.6M | $423.0M | ||
| Q2 24 | $238.3M | $340.0M | ||
| Q1 24 | $-46.9M | $238.0M |
| Q4 25 | $281.2M | $715.0M | ||
| Q3 25 | $159.7M | $507.0M | ||
| Q2 25 | $180.7M | $422.0M | ||
| Q1 25 | $-49.2M | $363.0M | ||
| Q4 24 | $224.5M | $611.0M | ||
| Q3 24 | $128.9M | $421.0M | ||
| Q2 24 | $178.3M | $333.0M | ||
| Q1 24 | $-102.9M | $232.0M |
| Q4 25 | 11.0% | 19.5% | ||
| Q3 25 | 6.4% | 17.8% | ||
| Q2 25 | 7.5% | 15.7% | ||
| Q1 25 | -2.1% | 15.4% | ||
| Q4 24 | 9.2% | 21.7% | ||
| Q3 24 | 5.4% | 19.5% | ||
| Q2 24 | 7.5% | 16.3% | ||
| Q1 24 | -4.3% | 12.5% |
| Q4 25 | 2.5% | 0.3% | ||
| Q3 25 | 2.6% | 0.2% | ||
| Q2 25 | 2.3% | 0.2% | ||
| Q1 25 | 2.1% | 0.2% | ||
| Q4 24 | 2.4% | 0.1% | ||
| Q3 24 | 2.6% | 0.1% | ||
| Q2 24 | 2.5% | 0.3% | ||
| Q1 24 | 2.3% | 0.3% |
| Q4 25 | — | 0.98× | ||
| Q3 25 | 2.55× | 1.94× | ||
| Q2 25 | 5.62× | 0.47× | ||
| Q1 25 | 0.02× | — | ||
| Q4 24 | 2.46× | 0.48× | ||
| Q3 24 | 11.52× | 0.51× | ||
| Q2 24 | 3.57× | 1.99× | ||
| Q1 24 | -0.90× | — |
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% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
