Tdcx Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Tdcx Inc (TDCX) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Tdcx Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 499M vs 9,998M combined for tracked competitors (4.8% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months), vs decelerating (-10.7%) for its tracked peer group.
- Growth: Tdcx Inc generated 1.1% revenue growth year over year in Q4 2023, vs 36.0% for its tracked competitors combined.
- Profitability: Its 18.3% net margin compares with 3.1% for the peer group.
- Peer revenue share: Tdcx Inc accounted for 18.3% of combined revenue among its tracked peer group, down from 23.1% a year earlier.
- Peer differentiation: Revenue per employee of $0.12M compares with $0.02M for the peer group (5.7x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
TDCX Sales vs. its Competitors, Q4 2023
Tdcx Inc reported revenue growth of 1.09 % year on year in Q4 2023, below its competitors' combined revenue growth of 35.99 %.
With a net margin of 18.25 %, Tdcx Inc achieved higher profitability than its competitors (3.11 %).
Tdcx Inc generated 18.29 % of the combined sales of its peer group, down from 23.14 % a year earlier.
Tdcx Inc vs. its Competitors, Q4 2023
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Tdcx Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Tdcx Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Tdcx Inc's competitor groups requires a Commercial License.
For context: the Cloud Computing & Data Analytics industry grew revenue 1.3% year over year, combined, vs 1.1% for Tdcx Inc. Tdcx Inc's share of combined industry revenue moved from 0.36% to 0.36%, a gain of 0.00 percentage points.
Tdcx Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Tdcx Inc | - | - | - | - |
| Competitors combined (1) | ||||
| High-Confidence Competitors (1) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
TDCX Stock Performance relative to its Competitors
TDCX Stock Performance relative to High-Confidence Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Concentrix Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Tdcx Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Tdcx Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Tdcx Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Tdcx Inc | 1,032.61 | 499.28 |
| Concentrix Corporation | 1,514.25 | 9,998.09 |
| SUBTOTAL | 2,546.85 | 10,497.37 |
Sources: Tdcx Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Tdcx Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Tdcx Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Concentrix Corporation | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Tdcx Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Tdcx Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Concentrix Corporation | Reportable 100.00 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Tdcx Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Tdcx Inc | 1,033 | 124,820 | 22,780 |
| Concentrix Corporation | 1,514 | 21,974 | -2,889 |
| PEERS TOTAL | 1,514 | 21,974 | -2,889 |
Tdcx Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months).
Weaknesses
No rule matched.
Opportunities
- A meaningful share of tracked competitors (100.00 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-10.7% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Tdcx Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Tdcx Inc | 5.32 | 8.04 | - |
| Concentrix Corporation | 0.12 | 1.31 | 1.50 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Tdcx Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Tdcx Inc | Q4 2023 | +1.1 % | +16.8 % |
| Concentrix Corporation | Q2 2026 | +1.9 % | +31.3 % |
| PEERS TOTAL | +1.7 % | +21.9 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Tdcx Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Tdcx Inc | Q4 2023 | - | -50.8 % |
| Concentrix Corporation | Q2 2026 | +4.5 % | -13.7 % |
Tdcx Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Tdcx Inc | 15.66% | 6.16% | 18.48% |
| Concentrix Corporation | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Tdcx Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Tdcx Inc | 8.59 | 2.07 |
| Concentrix Corporation | - | 0.15 |
| PEERS AVERAGE | - | 0.24 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.