CMI vs. CNXC
CMI (Cummins Inc.) and CNXC (Concentrix Corporation) are both stocks. CMI operates in Specialty Industrial Machinery (Industrials), while CNXC operates in Information Technology Services (Technology). Over the past 5 years, CMI returned 27.91%/yr vs -30.10%/yr for CNXC. At a 0.28 correlation, their price movements are largely independent.
Performance
CMI vs. CNXC - Performance Comparison
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Returns By Period
In the year-to-date period, CMI achieves a 42.94% return, which is significantly higher than CNXC's -41.12% return.
CMI
- 1D
- 1.13%
- 1M
- 13.35%
- YTD
- 42.94%
- 6M
- 40.51%
- 1Y
- 134.37%
- 3Y*
- 49.36%
- 5Y*
- 27.91%
- 10Y*
- 23.85%
CNXC
- 1D
- -4.59%
- 1M
- -9.15%
- YTD
- -41.12%
- 6M
- -40.00%
- 1Y
- -50.53%
- 3Y*
- -31.84%
- 5Y*
- -30.10%
- 10Y*
- —
CMI vs. CNXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CMI Cummins Inc. | 42.94% | 49.36% | 48.92% | 1.72% | 14.09% | -1.68% | -3.45% |
CNXC Concentrix Corporation | -41.12% | -1.39% | -55.03% | -25.36% | -24.91% | 81.22% | 23.37% |
Correlation
The correlation between CMI and CNXC is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2020 | 0.28 |
Over the past year, the correlation between CMI and CNXC has dropped to 0.01 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
Fundamentals
CMI:
$100.62B
CNXC:
$1.47B
CMI:
$19.27
CNXC:
-$21.33
CMI:
2.97
CNXC:
0.15
CMI:
8.15
CNXC:
0.53
CMI:
$33.89B
CNXC:
$9.95B
CMI:
$8.60B
CNXC:
$3.27B
CMI:
$4.87B
CNXC:
-$944.68M
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Return for Risk
CMI vs. CNXC — Risk / Return Rank
CMI
CNXC
CMI vs. CNXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cummins Inc. (CMI) and Concentrix Corporation (CNXC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CMI | CNXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.83 | ||
| Sortino ratioReturn per unit of downside risk | +5.30 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 0.86 | +0.73 |
| Calmar ratioReturn relative to maximum drawdown | 8.88 | -0.82 | +9.70 |
| Martin ratioReturn relative to average drawdown | 31.43 | -1.30 | +32.73 |
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Drawdowns
CMI vs. CNXC - Drawdown Comparison
The maximum CMI drawdown since its inception was -75.66%, smaller than the maximum CNXC drawdown of -87.86%. Use the drawdown chart below to compare losses from any high point for CMI and CNXC.
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Drawdown Indicators
| CMI | CNXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.66% | -87.86% | +12.20% |
Max Drawdown (1Y)Largest decline over 1 year | -15.23% | -61.71% | +46.48% |
Max Drawdown (3Y)Largest decline over 3 years | -30.48% | -76.50% | +46.02% |
Max Drawdown (5Y)Largest decline over 5 years | -30.48% | -87.86% | +57.38% |
Max Drawdown (10Y)Largest decline over 10 years | -44.05% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -87.31% | +87.31% |
Average DrawdownAverage peak-to-trough decline | -22.21% | -47.87% | +25.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 38.80% | -34.51% |
Volatility
CMI vs. CNXC - Volatility Comparison
The current volatility for Cummins Inc. (CMI) is 13.62%, while Concentrix Corporation (CNXC) has a volatility of 15.98%. This indicates that CMI experiences smaller price fluctuations and is considered to be less risky than CNXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMI | CNXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.62% | 15.98% | -2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 28.32% | 52.48% | -24.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.89% | 61.21% | -27.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.22% | 48.35% | -20.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.37% | 49.75% | -21.38% |
Dividends
CMI vs. CNXC - Dividend Comparison
CMI's dividend yield for the trailing twelve months is around 1.10%, less than CNXC's 5.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMI Cummins Inc. | 1.10% | 1.50% | 2.01% | 2.71% | 2.49% | 2.57% | 2.33% | 2.74% | 3.32% | 2.38% | 2.93% | 3.99% |
CNXC Concentrix Corporation | 5.90% | 3.27% | 2.87% | 1.15% | 0.77% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CMI vs. CNXC - Financials Comparison
This section allows you to compare key financial metrics between Cummins Inc. and Concentrix Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CMI vs. CNXC - Profitability Comparison
CMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cummins Inc. reported a gross profit of 2.24B and revenue of 8.40B. Therefore, the gross margin over that period was 26.7%.
CNXC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Concentrix Corporation reported a gross profit of 849.66M and revenue of 2.50B. Therefore, the gross margin over that period was 34.0%.
CMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cummins Inc. reported an operating income of 949.00M and revenue of 8.40B, resulting in an operating margin of 11.3%.
CNXC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Concentrix Corporation reported an operating income of 118.56M and revenue of 2.50B, resulting in an operating margin of 4.7%.
CMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cummins Inc. reported a net income of 654.00M and revenue of 8.40B, resulting in a net margin of 7.8%.
CNXC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Concentrix Corporation reported a net income of 21.59M and revenue of 2.50B, resulting in a net margin of 0.9%.
Frequently Asked Questions
CMI and CNXC have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNXC has higher volatility (15.98%) compared to CMI (13.62%). In terms of maximum drawdown, CMI dropped -75.66% vs CNXC's -87.86%.
CMI currently has the higher Sharpe Ratio (4.00 vs -0.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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