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Concentrix Corp（CNXC）与CoreWeave, Inc.（CRWV）财务数据对比。点击上方公司名可切换其他公司
Concentrix Corp的季度营收约是CoreWeave, Inc.的1.6倍（$2.6B vs $1.6B），CoreWeave, Inc.净利率更高（-28.7% vs -57.9%，领先29.2%），Concentrix Corp自由现金流更多（$281.2M vs $-2.5B）
Concentrix是总部位于美国加利福尼亚州纽瓦克的业务流程外包服务商，2006年起成为SYNNEX集团旗下子公司，2020年12月1日独立上市，2025年位列《财富》美国500强第426位，为全球客户提供专业的外包解决方案支持。
CoreWeave是总部位于美国新泽西州利文斯顿的人工智能云计算企业，专注为AI开发者及各行业企业客户提供云侧图形处理器（GPU）算力基础设施，同时自主研发芯片管理相关软件。
CNXC vs CRWV — 直观对比
营收规模更大
CNXC
是对方的1.6倍
$1.6B
净利率更高
CRWV
高出29.2%
-57.9%
自由现金流更多
CNXC
多$2.8B
$-2.5B
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $1.6B |
| 净利润 | $-1.5B | $-451.7M |
| 毛利率 | 34.3% | 67.6% |
| 营业利润率 | -54.1% | -5.7% |
| 净利率 | -57.9% | -28.7% |
| 营收同比 | 4.3% | — |
| 净利润同比 | -1379.2% | — |
| 每股收益（稀释后） | $-23.37 | $-0.50 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CNXCCRWV
| Q4 25 | $2.6B | $1.6B | ||
| Q3 25 | $2.5B | $1.4B | ||
| Q2 25 | $2.4B | $1.2B | ||
| Q1 25 | $2.4B | $981.6M | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | $583.9M | ||
| Q2 24 | $2.4B | $395.4M | ||
| Q1 24 | $2.4B | — |
净利润CNXCCRWV
| Q4 25 | $-1.5B | $-451.7M | ||
| Q3 25 | $88.1M | $-110.1M | ||
| Q2 25 | $42.1M | $-290.5M | ||
| Q1 25 | $70.3M | $-314.6M | ||
| Q4 24 | $115.7M | — | ||
| Q3 24 | $16.6M | $-359.8M | ||
| Q2 24 | $66.8M | $-323.0M | ||
| Q1 24 | $52.1M | — |
毛利率CNXCCRWV
| Q4 25 | 34.3% | 67.6% | ||
| Q3 25 | 34.4% | 73.0% | ||
| Q2 25 | 35.1% | 74.2% | ||
| Q1 25 | 36.1% | 73.3% | ||
| Q4 24 | 35.6% | — | ||
| Q3 24 | 36.2% | 75.5% | ||
| Q2 24 | 36.0% | 72.5% | ||
| Q1 24 | 35.6% | — |
营业利润率CNXCCRWV
| Q4 25 | -54.1% | -5.7% | ||
| Q3 25 | 5.9% | 3.8% | ||
| Q2 25 | 6.1% | 1.6% | ||
| Q1 25 | 7.1% | -2.8% | ||
| Q4 24 | 5.9% | — | ||
| Q3 24 | 6.4% | 20.1% | ||
| Q2 24 | 6.3% | 19.7% | ||
| Q1 24 | 6.2% | — |
净利率CNXCCRWV
| Q4 25 | -57.9% | -28.7% | ||
| Q3 25 | 3.5% | -8.1% | ||
| Q2 25 | 1.7% | -24.0% | ||
| Q1 25 | 3.0% | -32.1% | ||
| Q4 24 | 4.7% | — | ||
| Q3 24 | 0.7% | -61.6% | ||
| Q2 24 | 2.8% | -81.7% | ||
| Q1 24 | 2.2% | — |
每股收益（稀释后）CNXCCRWV
| Q4 25 | $-23.37 | $-0.50 | ||
| Q3 25 | $1.34 | $-0.22 | ||
| Q2 25 | $0.63 | $-0.60 | ||
| Q1 25 | $1.04 | $-1.49 | ||
| Q4 24 | $1.72 | — | ||
| Q3 24 | $0.25 | $-1.82 | ||
| Q2 24 | $0.98 | $-1.62 | ||
| Q1 24 | $0.76 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $327.3M | $3.2B |
| 总债务越低越好 | $4.6B | $21.4B |
| 股东权益账面价值 | $2.7B | $3.3B |
| 总资产 | $10.8B | $49.3B |
| 负债/权益比越低杠杆越低 | 1.67× | 6.41× |
8季度趋势，按日历期对齐
现金及短期投资CNXCCRWV
| Q4 25 | $327.3M | $3.2B | ||
| Q3 25 | $350.3M | $1.9B | ||
| Q2 25 | $342.8M | $1.2B | ||
| Q1 25 | $308.0M | $1.3B | ||
| Q4 24 | $240.6M | — | ||
| Q3 24 | $246.2M | $1.4B | ||
| Q2 24 | $207.3M | $1.0B | ||
| Q1 24 | $234.8M | — |
总债务CNXCCRWV
| Q4 25 | $4.6B | $21.4B | ||
| Q3 25 | $4.8B | $14.0B | ||
| Q2 25 | $4.9B | $11.1B | ||
| Q1 25 | $4.9B | $8.7B | ||
| Q4 24 | $4.7B | — | ||
| Q3 24 | $4.9B | — | ||
| Q2 24 | $4.9B | — | ||
| Q1 24 | $5.0B | — |
股东权益CNXCCRWV
| Q4 25 | $2.7B | $3.3B | ||
| Q3 25 | $4.3B | $3.9B | ||
| Q2 25 | $4.3B | $2.7B | ||
| Q1 25 | $4.0B | $1.9B | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $4.2B | $-344.0M | ||
| Q2 24 | $4.1B | $-1.0B | ||
| Q1 24 | $4.1B | — |
总资产CNXCCRWV
| Q4 25 | $10.8B | $49.3B | ||
| Q3 25 | $12.4B | $32.9B | ||
| Q2 25 | $12.4B | $26.2B | ||
| Q1 25 | $11.9B | $21.9B | ||
| Q4 24 | $12.0B | — | ||
| Q3 24 | $12.2B | — | ||
| Q2 24 | $12.1B | — | ||
| Q1 24 | $12.2B | — |
负债/权益比CNXCCRWV
| Q4 25 | 1.67× | 6.41× | ||
| Q3 25 | 1.10× | 3.62× | ||
| Q2 25 | 1.14× | 4.16× | ||
| Q1 25 | 1.22× | 4.57× | ||
| Q4 24 | 1.17× | — | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | 1.21× | — | ||
| Q1 24 | 1.23× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $344.2M | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $281.2M | $-2.5B |
| 自由现金流率自由现金流/营收 | 11.0% | -159.1% |
| 资本支出强度资本支出/营收 | 2.5% | 258.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $572.5M | $-7.3B |
8季度趋势，按日历期对齐
经营现金流CNXCCRWV
| Q4 25 | $344.2M | $1.6B | ||
| Q3 25 | $224.8M | $1.7B | ||
| Q2 25 | $236.5M | $-251.3M | ||
| Q1 25 | $1.4M | $61.2M | ||
| Q4 24 | $284.4M | — | ||
| Q3 24 | $191.6M | — | ||
| Q2 24 | $238.3M | — | ||
| Q1 24 | $-46.9M | — |
自由现金流CNXCCRWV
| Q4 25 | $281.2M | $-2.5B | ||
| Q3 25 | $159.7M | $-699.8M | ||
| Q2 25 | $180.7M | $-2.7B | ||
| Q1 25 | $-49.2M | $-1.3B | ||
| Q4 24 | $224.5M | — | ||
| Q3 24 | $128.9M | — | ||
| Q2 24 | $178.3M | — | ||
| Q1 24 | $-102.9M | — |
自由现金流率CNXCCRWV
| Q4 25 | 11.0% | -159.1% | ||
| Q3 25 | 6.4% | -51.3% | ||
| Q2 25 | 7.5% | -223.0% | ||
| Q1 25 | -2.1% | -137.1% | ||
| Q4 24 | 9.2% | — | ||
| Q3 24 | 5.4% | — | ||
| Q2 24 | 7.5% | — | ||
| Q1 24 | -4.3% | — |
资本支出强度CNXCCRWV
| Q4 25 | 2.5% | 258.3% | ||
| Q3 25 | 2.6% | 175.1% | ||
| Q2 25 | 2.3% | 202.3% | ||
| Q1 25 | 2.1% | 143.4% | ||
| Q4 24 | 2.4% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 2.3% | — |
现金转化率CNXCCRWV
| Q4 25 | — | — | ||
| Q3 25 | 2.55× | — | ||
| Q2 25 | 5.62× | — | ||
| Q1 25 | 0.02× | — | ||
| Q4 24 | 2.46× | — | ||
| Q3 24 | 11.52× | — | ||
| Q2 24 | 3.57× | — | ||
| Q1 24 | -0.90× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
CRWV
| US | $1.4B | 92% |
| Non Us | $129.3M | 8% |
