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Concentrix Corp（CNXC）与是德科技（KEYS）财务数据对比。点击上方公司名可切换其他公司
Concentrix Corp的季度营收约是是德科技的1.8倍（$2.6B vs $1.4B），是德科技净利率更高（16.4% vs -57.9%，领先74.4%），是德科技同比增速更快（10.3% vs 4.3%），Concentrix Corp自由现金流更多（$281.2M vs $187.0M），过去两年是德科技的营收复合增速更高（6.2% vs 3.1%）
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。
是德科技是一家美国企业，主营电子测试测量设备与软件的研发、生产业务。公司由安捷伦科技拆分而来，核心产品线继承自惠普测试测量部门上世纪60年代末至千禧年间开发的相关产品，后独立为现有品牌。
CNXC vs KEYS — 直观对比
营收规模更大
CNXC
是对方的1.8倍
$1.4B
营收增速更快
KEYS
高出6.0%
4.3%
净利率更高
KEYS
高出74.4%
-57.9%
自由现金流更多
CNXC
多$94.2M
$187.0M
两年增速更快
KEYS
近两年复合增速
3.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $1.4B |
| 净利润 | $-1.5B | $233.0M |
| 毛利率 | 34.3% | 61.2% |
| 营业利润率 | -54.1% | 15.3% |
| 净利率 | -57.9% | 16.4% |
| 营收同比 | 4.3% | 10.3% |
| 净利润同比 | -1379.2% | 419.2% |
| 每股收益（稀释后） | $-23.37 | $1.35 |
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CNXCKEYS
| 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 |
净利润CNXCKEYS
| 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 |
毛利率CNXCKEYS
| 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% |
营业利润率CNXCKEYS
| 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% |
净利率CNXCKEYS
| 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% |
每股收益（稀释后）CNXCKEYS
| 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 |
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 | $1.9B |
| 总债务越低越好 | $4.6B | $2.5B |
| 股东权益账面价值 | $2.7B | $5.9B |
| 总资产 | $10.8B | $11.3B |
| 负债/权益比越低杠杆越低 | 1.67× | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资CNXCKEYS
| 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 |
总债务CNXCKEYS
| 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 |
股东权益CNXCKEYS
| 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 |
总资产CNXCKEYS
| 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 |
负债/权益比CNXCKEYS
| 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× |
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 | $225.0M |
| 自由现金流经营现金流 - 资本支出 | $281.2M | $187.0M |
| 自由现金流率自由现金流/营收 | 11.0% | 13.2% |
| 资本支出强度资本支出/营收 | 2.5% | 2.7% |
| 现金转化率经营现金流/净利润 | — | 0.97× |
| 过去12个月自由现金流最近4个季度 | $572.5M | $1.3B |
8季度趋势，按日历期对齐
经营现金流CNXCKEYS
| 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 |
自由现金流CNXCKEYS
| 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 |
自由现金流率CNXCKEYS
| 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% |
资本支出强度CNXCKEYS
| 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% |
现金转化率CNXCKEYS
| 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× |
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% |
KEYS
| Transferred At Point In Time | $790.0M | 56% |
| Electronicindustrial | $429.0M | 30% |
| Transferred Over Time | $200.0M | 14% |
