Concentrix Corporation (CNXC)
Pretax margin
| Feb 28, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 287,160 | 263,478 | 343,867 | 362,709 | 408,228 | 493,687 | 535,807 | 576,430 | 604,412 | 596,762 | 600,206 | 578,638 | 555,696 |
| Revenue (ttm) | US$ in thousands | 9,543,100 | 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 |
| Pretax margin | 3.01% | 2.80% | 3.98% | 4.60% | 5.74% | 7.57% | 8.28% | 8.97% | 9.56% | 9.70% | 10.06% | 10.03% | 9.95% |
February 28, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $287,160K ÷ $9,543,100K
= 3.01%
Concentrix Corporation's pretax margin has exhibited a gradual decline over the period from November 30, 2021, to February 28, 2025. The pretax margin started at 9.95% in November 2021 and showed a slight increase to 10.03% by February 2022. Subsequently, there was a gradual increase to 10.06% by May 2022. However, from August 2022 onwards, there was a noticeable downward trend in the pretax margin, with figures decreasing to 9.70% in August 2022, 9.56% in November 2022, and further declining to 3.01% by February 2025.
The declining trend in the pretax margin indicates potential challenges in maintaining profitability relative to revenues and expenses. This decline may be attributed to various factors such as increased costs, pricing pressures, or a decrease in revenue growth. It is crucial for Concentrix Corporation to closely monitor and address the underlying reasons for this downward trend to ensure sustained profitability and operational efficiency in the future.
Peer comparison
Feb 28, 2025