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Side-by-side financial comparison of Concentrix Corp (CNXC) and Toast, Inc. (TOST). Click either name above to swap in a different company.
Concentrix Corp is the larger business by last-quarter revenue ($2.6B vs $1.6B, roughly 1.6× Toast, Inc.). Toast, Inc. runs the higher net margin — 6.2% vs -57.9%, a 64.1% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 4.3%). Concentrix Corp produced more free cash flow last quarter ($281.2M vs $178.0M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% 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.
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
CNXC vs TOST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.6B | $1.6B |
| Net Profit | $-1.5B | $101.0M |
| Gross Margin | 34.3% | 25.9% |
| Operating Margin | -54.1% | 5.2% |
| Net Margin | -57.9% | 6.2% |
| Revenue YoY | 4.3% | 22.0% |
| Net Profit YoY | -1379.2% | 215.6% |
| EPS (diluted) | $-23.37 | $0.18 |
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 | $1.6B | ||
| Q3 25 | $2.5B | $1.6B | ||
| Q2 25 | $2.4B | $1.6B | ||
| Q1 25 | $2.4B | $1.3B | ||
| Q4 24 | $2.4B | $1.3B | ||
| Q3 24 | $2.4B | $1.3B | ||
| Q2 24 | $2.4B | $1.2B | ||
| Q1 24 | $2.4B | $1.1B |
| Q4 25 | $-1.5B | $101.0M | ||
| Q3 25 | $88.1M | $105.0M | ||
| Q2 25 | $42.1M | $80.0M | ||
| Q1 25 | $70.3M | $56.0M | ||
| Q4 24 | $115.7M | $32.0M | ||
| Q3 24 | $16.6M | $56.0M | ||
| Q2 24 | $66.8M | $14.0M | ||
| Q1 24 | $52.1M | $-83.0M |
| Q4 25 | 34.3% | 25.9% | ||
| Q3 25 | 34.4% | 26.5% | ||
| Q2 25 | 35.1% | 25.3% | ||
| Q1 25 | 36.1% | 25.9% | ||
| Q4 24 | 35.6% | 24.9% | ||
| Q3 24 | 36.2% | 24.7% | ||
| Q2 24 | 36.0% | 23.0% | ||
| Q1 24 | 35.6% | 23.2% |
| Q4 25 | -54.1% | 5.2% | ||
| Q3 25 | 5.9% | 5.1% | ||
| Q2 25 | 6.1% | 5.2% | ||
| Q1 25 | 7.1% | 3.2% | ||
| Q4 24 | 5.9% | 2.5% | ||
| Q3 24 | 6.4% | 2.6% | ||
| Q2 24 | 6.3% | 0.4% | ||
| Q1 24 | 6.2% | -5.2% |
| Q4 25 | -57.9% | 6.2% | ||
| Q3 25 | 3.5% | 6.4% | ||
| Q2 25 | 1.7% | 5.2% | ||
| Q1 25 | 3.0% | 4.2% | ||
| Q4 24 | 4.7% | 2.4% | ||
| Q3 24 | 0.7% | 4.3% | ||
| Q2 24 | 2.8% | 1.1% | ||
| Q1 24 | 2.2% | -7.7% |
| Q4 25 | $-23.37 | $0.18 | ||
| Q3 25 | $1.34 | $0.16 | ||
| Q2 25 | $0.63 | $0.13 | ||
| Q1 25 | $1.04 | $0.09 | ||
| Q4 24 | $1.72 | $0.09 | ||
| Q3 24 | $0.25 | $0.07 | ||
| Q2 24 | $0.98 | $0.02 | ||
| Q1 24 | $0.76 | $-0.15 |
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 | $1.4B |
| Total DebtLower is stronger | $4.6B | — |
| Stockholders' EquityBook value | $2.7B | $2.1B |
| Total Assets | $10.8B | $3.1B |
| Debt / EquityLower = less leverage | 1.67× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $327.3M | $1.4B | ||
| Q3 25 | $350.3M | $1.4B | ||
| Q2 25 | $342.8M | $1.2B | ||
| Q1 25 | $308.0M | $1.0B | ||
| Q4 24 | $240.6M | $903.0M | ||
| Q3 24 | $246.2M | $761.0M | ||
| Q2 24 | $207.3M | $691.0M | ||
| Q1 24 | $234.8M | $578.0M |
| 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 | $2.1B | ||
| Q3 25 | $4.3B | $2.0B | ||
| Q2 25 | $4.3B | $1.8B | ||
| Q1 25 | $4.0B | $1.7B | ||
| Q4 24 | $4.0B | $1.5B | ||
| Q3 24 | $4.2B | $1.4B | ||
| Q2 24 | $4.1B | $1.3B | ||
| Q1 24 | $4.1B | $1.2B |
| Q4 25 | $10.8B | $3.1B | ||
| Q3 25 | $12.4B | $3.0B | ||
| Q2 25 | $12.4B | $2.8B | ||
| Q1 25 | $11.9B | $2.6B | ||
| Q4 24 | $12.0B | $2.4B | ||
| Q3 24 | $12.2B | $2.2B | ||
| Q2 24 | $12.1B | $2.2B | ||
| Q1 24 | $12.2B | $2.1B |
| 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 | $194.0M |
| Free Cash FlowOCF − Capex | $281.2M | $178.0M |
| FCF MarginFCF / Revenue | 11.0% | 10.9% |
| Capex IntensityCapex / Revenue | 2.5% | 1.0% |
| Cash ConversionOCF / Net Profit | — | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $572.5M | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $344.2M | $194.0M | ||
| Q3 25 | $224.8M | $165.0M | ||
| Q2 25 | $236.5M | $223.0M | ||
| Q1 25 | $1.4M | $79.0M | ||
| Q4 24 | $284.4M | $147.0M | ||
| Q3 24 | $191.6M | $109.0M | ||
| Q2 24 | $238.3M | $124.0M | ||
| Q1 24 | $-46.9M | $-20.0M |
| Q4 25 | $281.2M | $178.0M | ||
| Q3 25 | $159.7M | $153.0M | ||
| Q2 25 | $180.7M | $208.0M | ||
| Q1 25 | $-49.2M | $69.0M | ||
| Q4 24 | $224.5M | $134.0M | ||
| Q3 24 | $128.9M | $97.0M | ||
| Q2 24 | $178.3M | $108.0M | ||
| Q1 24 | $-102.9M | $-33.0M |
| Q4 25 | 11.0% | 10.9% | ||
| Q3 25 | 6.4% | 9.4% | ||
| Q2 25 | 7.5% | 13.4% | ||
| Q1 25 | -2.1% | 5.2% | ||
| Q4 24 | 9.2% | 10.0% | ||
| Q3 24 | 5.4% | 7.4% | ||
| Q2 24 | 7.5% | 8.7% | ||
| Q1 24 | -4.3% | -3.1% |
| Q4 25 | 2.5% | 1.0% | ||
| Q3 25 | 2.6% | 0.7% | ||
| Q2 25 | 2.3% | 1.0% | ||
| Q1 25 | 2.1% | 0.7% | ||
| Q4 24 | 2.4% | 1.0% | ||
| Q3 24 | 2.6% | 0.9% | ||
| Q2 24 | 2.5% | 1.3% | ||
| Q1 24 | 2.3% | 1.2% |
| Q4 25 | — | 1.92× | ||
| Q3 25 | 2.55× | 1.57× | ||
| Q2 25 | 5.62× | 2.79× | ||
| Q1 25 | 0.02× | 1.41× | ||
| Q4 24 | 2.46× | 4.59× | ||
| Q3 24 | 11.52× | 1.95× | ||
| Q2 24 | 3.57× | 8.86× | ||
| 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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
