Concentrix Corporation (CNXC)

Net profit margin

Feb 28, 2025 Nov 30, 2024 Aug 31, 2024 May 31, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020
Net income (ttm) US$ in thousands 269,372 251,217 205,054 266,058 278,074 313,842 349,299 378,354 412,646 435,049 454,213 457,277 427,039 405,577 346,096 281,739 201,305 164,811 132,054 116,988
Revenue (ttm) US$ in thousands 9,588,370 9,618,900 9,401,640 8,647,060 7,881,050 7,114,700 6,524,660 6,471,430 6,424,820 6,324,470 6,150,360 5,968,010 5,769,790 5,587,020 5,421,270 5,187,710 4,884,190 4,719,530 4,631,510 4,628,750
Net profit margin 2.81% 2.61% 2.18% 3.08% 3.53% 4.41% 5.35% 5.85% 6.42% 6.88% 7.39% 7.66% 7.40% 7.26% 6.38% 5.43% 4.12% 3.49% 2.85% 2.53%

February 28, 2025 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $269,372K ÷ $9,588,370K
= 2.81%

Concentrix Corporation's net profit margin has experienced a downward trend over the past few financial periods, starting at 7.26% in November 2021 and gradually declining to 2.16% by February 2025. This indicates that the company's profitability in relation to its revenue has been decreasing over time. It is important for Concentrix to closely monitor and address the factors contributing to this decline, such as cost management, pricing strategies, and revenue growth initiatives, in order to improve its financial performance and ensure long-term sustainability.