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Concentrix Corp（CNXC）与MARKEL GROUP INC.（MKL）财务数据对比。点击上方公司名可切换其他公司
MARKEL GROUP INC.的季度营收约是Concentrix Corp的1.4倍（$3.6B vs $2.6B），MARKEL GROUP INC.净利率更高（16.1% vs -57.9%，领先74.1%），Concentrix Corp同比增速更快（4.3% vs -6.9%），MARKEL GROUP INC.自由现金流更多（$599.1M vs $281.2M），过去两年Concentrix Corp的营收复合增速更高（3.1% vs -10.5%）
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。
Markel集团是总部位于美国弗吉尼亚州里士满的综合性企业集团，1930年最初以保险公司的身份创立，发展至今业务已覆盖保险承保、投资管理等多个板块，在全球相关行业拥有较高的市场知名度与稳定的合作网络。
CNXC vs MKL — 直观对比
营收规模更大
MKL
是对方的1.4倍
$2.6B
营收增速更快
CNXC
高出11.2%
-6.9%
净利率更高
MKL
高出74.1%
-57.9%
自由现金流更多
MKL
多$317.9M
$281.2M
两年增速更快
CNXC
近两年复合增速
-10.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $3.6B |
| 净利润 | $-1.5B | $576.8M |
| 毛利率 | 34.3% | — |
| 营业利润率 | -54.1% | 22.2% |
| 净利率 | -57.9% | 16.1% |
| 营收同比 | 4.3% | -6.9% |
| 净利润同比 | -1379.2% | 5.0% |
| 每股收益（稀释后） | $-23.37 | $48.22 |
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CNXCMKL
| 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 |
净利润CNXCMKL
| 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 |
毛利率CNXCMKL
| 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% | — |
营业利润率CNXCMKL
| 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% |
净利率CNXCMKL
| 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% |
每股收益（稀释后）CNXCMKL
| 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 |
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 | $4.0B |
| 总债务越低越好 | $4.6B | $4.3B |
| 股东权益账面价值 | $2.7B | $18.6B |
| 总资产 | $10.8B | $68.9B |
| 负债/权益比越低杠杆越低 | 1.67× | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资CNXCMKL
| 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 |
总债务CNXCMKL
| 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 |
股东权益CNXCMKL
| 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 |
总资产CNXCMKL
| 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 |
负债/权益比CNXCMKL
| 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× |
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 | $662.2M |
| 自由现金流经营现金流 - 资本支出 | $281.2M | $599.1M |
| 自由现金流率自由现金流/营收 | 11.0% | 16.7% |
| 资本支出强度资本支出/营收 | 2.5% | 1.8% |
| 现金转化率经营现金流/净利润 | — | 1.15× |
| 过去12个月自由现金流最近4个季度 | $572.5M | $2.6B |
8季度趋势，按日历期对齐
经营现金流CNXCMKL
| 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 |
自由现金流CNXCMKL
| 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 |
自由现金流率CNXCMKL
| 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% |
资本支出强度CNXCMKL
| 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% |
现金转化率CNXCMKL
| 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× |
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% |
MKL
| Industrial | $1.6B | 45% |
| Consumer And Other | $958.3M | 27% |
| Financial | $737.0M | 21% |
| Other | $198.8M | 6% |
| Corporate Operations | $52.0M | 1% |
| Revenue From Contract With Customer | $10.5M | 0% |
