CNXC vs. CMI
CNXC (Concentrix Corporation) and CMI (Cummins Inc.) are both stocks. CNXC operates in Information Technology Services (Technology), while CMI operates in Specialty Industrial Machinery (Industrials). Over the past 5 years, CNXC returned -26.78%/yr vs 23.61%/yr for CMI. At a 0.28 correlation, their price movements are largely independent.
Performance
CNXC vs. CMI - Performance Comparison
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Returns By Period
In the year-to-date period, CNXC achieves a -29.70% return, which is significantly lower than CMI's 33.71% return.
CNXC
- 1D
- 3.22%
- 1M
- 19.79%
- YTD
- -29.70%
- 6M
- -20.91%
- 1Y
- -45.85%
- 3Y*
- -29.28%
- 5Y*
- -26.78%
- 10Y*
- —
CMI
- 1D
- -0.62%
- 1M
- 0.79%
- YTD
- 33.71%
- 6M
- 33.63%
- 1Y
- 113.41%
- 3Y*
- 49.07%
- 5Y*
- 23.61%
- 10Y*
- 22.40%
CNXC vs. CMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CNXC Concentrix Corporation | -29.70% | -1.39% | -55.03% | -25.36% | -24.91% | 81.22% | 23.37% |
CMI Cummins Inc. | 33.71% | 49.36% | 48.92% | 1.72% | 14.09% | -1.68% | -3.22% |
Correlation
The correlation between CNXC and CMI is 0.02, 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 | 0.02 |
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 25, 2020 | 0.28 |
Over the past year, the correlation between CNXC and CMI has dropped to 0.02 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
Fundamentals
CNXC:
$1.75B
CMI:
$94.12B
CNXC:
-$21.33
CMI:
$19.27
CNXC:
0.18
CMI:
2.77
CNXC:
0.63
CMI:
7.62
CNXC:
$9.95B
CMI:
$33.89B
CNXC:
$3.27B
CMI:
$8.60B
CNXC:
-$944.68M
CMI:
$4.87B
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Return for Risk
CNXC vs. CMI — Risk / Return Rank
CNXC
CMI
CNXC vs. CMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Concentrix Corporation (CNXC) and Cummins Inc. (CMI). 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.
| CNXC | CMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.25 | ||
| Sortino ratioReturn per unit of downside risk | -4.84 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.55 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 7.49 | -8.24 |
| Martin ratioReturn relative to average drawdown | -1.24 | 27.66 | -28.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CNXC | CMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.75 | 3.50 | -4.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.56 | 0.85 | -1.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.32 | 0.38 | -0.70 |
Drawdowns
CNXC vs. CMI - Drawdown Comparison
The maximum CNXC drawdown since its inception was -87.86%, which is greater than CMI's maximum drawdown of -75.66%. Use the drawdown chart below to compare losses from any high point for CNXC and CMI.
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Drawdown Indicators
| CNXC | CMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.86% | -75.66% | -12.20% |
Max Drawdown (1Y)Largest decline over 1 year | -61.71% | -15.23% | -46.48% |
Max Drawdown (3Y)Largest decline over 3 years | -76.50% | -30.48% | -46.02% |
Max Drawdown (5Y)Largest decline over 5 years | -87.86% | -30.48% | -57.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.05% | — |
Current DrawdownCurrent decline from peak | -84.85% | -5.06% | -79.79% |
Average DrawdownAverage peak-to-trough decline | -47.60% | -22.23% | -25.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.01% | 4.12% | +32.89% |
Volatility
CNXC vs. CMI - Volatility Comparison
Concentrix Corporation (CNXC) has a higher volatility of 16.05% compared to Cummins Inc. (CMI) at 13.41%. This indicates that CNXC's price experiences larger fluctuations and is considered to be riskier than CMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNXC | CMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.05% | 13.41% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 51.93% | 27.38% | +24.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.30% | 32.56% | +28.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.26% | 27.96% | +20.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.80% | 28.22% | +21.58% |
Dividends
CNXC vs. CMI - Dividend Comparison
CNXC's dividend yield for the trailing twelve months is around 4.94%, more than CMI's 1.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMI Cummins Inc. | 1.18% | 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 | 4.94% | 3.27% | 2.87% | 1.15% | 0.77% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CNXC vs. CMI - Financials Comparison
This section allows you to compare key financial metrics between Concentrix Corporation and Cummins Inc.. 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
CNXC vs. CMI - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
CNXC and CMI have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNXC has higher volatility (16.05%) compared to CMI (13.41%). In terms of maximum drawdown, CNXC dropped -87.86% vs CMI's -75.66%.
CMI currently has the higher Sharpe Ratio (3.50 vs -0.75), 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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