Concentrix vs Maximus
Concentrix is the larger business, with $9.83bn of revenue in fiscal 2025 against $5.43bn for Maximus (1.8 times as much). Maximus grew faster (2.4% against 2.2%). Maximus kept more of each dollar of sales as profit: a net margin of 5.9% against -13.0%. Maximus carries less debt relative to equity (80.5% against 169.5%).
| Latest fiscal year | ConcentrixCNXC, 2025 | MaximusMMS, 2025 |
|---|---|---|
| Revenue | $9.83bn | $5.43bn |
| Revenue growth | 2.2% | 2.4% |
| Net income | −$1.28bn | $319m |
| Operating margin | -9.3% | 9.7% |
| Net margin | -13.0% | 5.9% |
| Return on equity | -37.7% | 18.1% |
| Free cash flow | $572m | $366m |
| Cash | $327m | $222m |
| Total debt | $4.65bn | $1.35bn |
| Debt to equity | 169.5% | 80.5% |
| Dividend per share | — | $1.20 |
| Dividend yield | 4.9% | 2.0% |
| Share buybacks | $169m | $447m |
| Employees | — | 37,200 |
| Market value | $1.79bn | $3.45bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 29 (Weak) | 54 (Moderate) |
| Insider trades, 12 months | 4 buys, 2 sales | 6 buys, 3 sales |