Concentrix vs EXL
Concentrix reported revenue of $9.8 billion in fiscal 2025, 4.7 times EXL's $2.1 billion in fiscal 2025. Concentrix's revenue grew 2.1% in its latest year, and EXL's grew 13.6%. Concentrix had an operating margin of -9.3%, against 15.0% at EXL. Free cash flow was $572 million at Concentrix and $298 million at EXL. Their fiscal years end in different months (November 30 and December 31), so the periods don't line up exactly.
Side by side
| Concentrix | EXL | |
|---|---|---|
| Latest fiscal year | FY2025, Nov 30, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $9.8B | $2.1B |
| Revenue growth | 2.1% | 13.6% |
| Revenue growth a year, last 5 years | 15.8% | 16.8% |
| Gross margin | 35.0% | 38.4% |
| Operating margin | −9.3% | 15.0% |
| Net margin | −13.0% | 12.0% |
| Free cash flow | $572M | $298M |
| Free cash flow margin | 5.8% | 14.3% |
| Return on capital | −9.3% | 28.4% |
| Net debt to EBITDA | — | −0.1x |
| Dividends and buybacks | $258M | $328M |
| Change in diluted share count | −3.2% | −1.1% |
| Last close | $30.32 | $43.15 |
| P/E at the last close | — | 25.8× |
| Insider trades, last 12 months | bought $155,165, sold $133.5 million | sold $3.2 million |
| Piotroski F-score | 4 of 9 | 8 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
ConcentrixEXL
Operating margin
Percent of revenue
ConcentrixEXL
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
ConcentrixEXL
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Concentrix and EXL pages.