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Stock research / United States / CNXN · Wholesale-Computers & Peripheral Equipment & Software · Nasdaq

PC Connection Inc. (CNXN)

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PC Connection Inc. (CNXN) reported revenue of $854 million for Q2 FY2026, the quarter ended 30 June 2026, up 12.4% on the same quarter a year earlier. Net income was $33 million, up 33.8% on the year, and diluted earnings per share $1.31. The figures are the company's own, from the 10-Q it filed with the SEC on 29 July 2026.

Revenue$854 millionup 12.4%
Net income$33 millionup 33.8%
Diluted EPS$1.31
QuarterQ2 FY2026ended 30 June 2026

PC Connection (CNXN) in brief

PC Connection (CNXN) reported revenue of $2.9 billion for fiscal 2025, the year ended 31 December 2025, up 2.5% on the year before.
Read moreNet income was $84 million and diluted earnings per share $3.27. Revenue was $2.8 billion in fiscal 2024, $2.9 billion in fiscal 2023, $3.1 billion in fiscal 2022 and $2.9 billion in fiscal 2021. Net income in the same years was $87 million, $83 million, $89 million and $70 million. Over the twelve months to 30 June 2026, PC Connection reported revenue of $3.0 billion and net income of $96 million. Revenue grew 2.1% a year, compounded, over the five years to fiscal 2025. PC Connection declared $0.34 a share in dividends over the last four quarters and had 25 million shares outstanding at the latest filed count. At 30 June 2026 it carried $0 million of debt and $124 million of cash. At the close of 9 October 2026 the market cap of PC Connection was $2.3 billion, 24.6 times its earnings over the last twelve months.

Ratios

From the filings

ROE10.1%
ROCE12.3%
Operating margin3.9%
Net margin3.2%
FCF margin1.1%
Interest covern/a
Debt to equity0.00
Cash conversion0.44
Share count, 1 year-0.6%
Sales CAGR, 3 years-2.8%
Profit CAGR, 3 years-2.1%
EPS, TTM$3.78

At the close of 9 October 2026

Price$92.82
Market cap$2.3 billion
Stock P/E24.56
Price to book2.46
EV / EBITDA17.28
Dividend yield0.4%
Market cap / sales0.78
52-week high$92.82
52-week low$55.83
Price, 1 year54.6%
Price CAGR, 3 years18.7%
Price CAGR, 5 years15.7%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. PC Connection Inc.'s balance sheet shows no borrowings, so debt here is nil; lease liabilities are a separate line. Nothing here is a valuation or a view.
CNXNgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on CNXN

Filings11 in twelve months: 5 current reports (8-K), about 4 results of operations; 4 regulation FD disclosure; 1 shareholder vote
Planned insider sales5 Form 144 notices in twelve months, $20.6 million; latest 14 September 2026
Options tapeput/call 0.2 by open interest at the 9 October 2026 close; the straddle prices a 3.5% move to 16 October 2026
13F holders6 of the followed funds hold it; largest Geode Capital Management; 0 Schedule 13D or 13G filings in twelve months
Insider trading49 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest532,867 shares short, 3.24 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue693696632736725709701760709703722854
Cost of revenue561567514600589579574622570567589697
Gross profit132130118137135130127138139136133157
Gross margin19%19%19%19%19%18%18%18%20%19%18%18%
SG&A99.8102105105105107110107108109109114
Operating income32.027.913.530.930.022.614.530.930.323.620.243.0
Operating margin5%4%2%4%4%3%2%4%4%3%3%5%
Pre-tax income34.732.118.035.636.627.318.534.134.027.223.645.5
Tax rate26%26%27%26%26%24%27%27%27%24%27%27%
Net income25.623.813.226.227.120.713.524.824.720.717.233.2
Net margin4%3%2%4%4%3%2%3%3%3%2%4%
Diluted EPS$0.97$0.90$0.50$0.99$1.02$0.78$0.51$0.97$0.97$0.82$0.68$1.31
Operating cash flow50.212.357.338.452.925.2-52.426.364.127.414.3-63.8
Capital expenditure2.52.21.61.81.82.41.71.61.92.22.01.9
Free cash flow47.710.055.736.651.222.9-54.124.662.325.212.3-65.7
Buybacks0.00.00.23.44.14.643.716.75.110.72.50.0
Dividends paid2.12.12.62.62.62.63.93.83.83.85.05.0
Shares outstanding26m26m26m26m26m26m25m25m25m25m25m25m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue2,4632,5742,6932,9122,6992,8202,5902,8933,1252,8512,8022,8732,988
Cost of revenue2,1402,2332,3212,5302,2882,3692,1712,4282,5992,3392,2822,3332,423
Gross profit323341371382411451419465526512520539564
Gross margin13.1%13.2%13.8%13.1%15.2%16.0%16.2%16.1%16.8%18.0%18.6%18.8%18.9%
Selling, general and administrative252262287301324339346368406406422434441
Operating income71.578.680.577.585.711272.196.512110397.199.3117
Operating margin2.9%3.1%3.0%2.7%3.2%4.0%2.8%3.3%3.9%3.6%3.5%3.5%3.9%
Interest expense0.1n/an/an/a0.10.10.1n/an/an/an/an/an/a
Pre-tax income71.478.580.577.688.711373.296.5122113117114130
Income tax28.731.632.322.824.130.617.426.632.429.830.430.034.4
Effective tax rate40.2%40.3%40.2%29.3%27.1%27.1%23.8%27.6%26.7%26.4%25.9%26.4%26.4%
Net income42.746.848.154.964.682.155.869.989.283.387.183.795.8
Net margin1.7%1.8%1.8%1.9%2.4%2.9%2.2%2.4%2.9%2.9%3.1%2.9%3.2%
Diluted EPS$1.61$1.76$1.80$2.04$2.41$3.10$2.12$2.65$3.37$3.15$3.29$3.27$3.78
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Enterprise Solutions1,2011,1811,28244.6%
Business Solutions1,0761,0491,08237.7%
Public Sector Solutions57457250817.7%
Enterprise SolutionsBusiness SolutionsPublic Sector Solutions
2,851FY20232,802FY20242,873FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Notebooks/Mobility95299499334.6%
Desktops26729835212.2%
Software33028532111.2%
Accessories31732331911.1%
Displays and Sound2592732508.7%
Servers/Storage2012052207.7%
Other Hardware/Services2292132157.5%
Net/Com Products2962112027.0%
Notebooks/MobilityDesktopsSoftwareAccessoriesDisplays and SoundServers/StorageOther Hardware/ServicesNet/Com Products
2,851FY20232,802FY20242,873FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014FY2015FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow35.430.933.619.386.836.636.157.834.919817465.442.0
Capital expenditure7.612.311.911.8n/an/an/an/an/a9.67.67.48.0
Free cash flow27.818.521.77.5n/an/an/an/an/a18816658.034.1
Free cash flow margin1.1%0.7%0.8%0.3%n/an/an/an/an/a6.6%5.9%2.0%1.1%
Cash from investingn/a-12.8-54.9-11.8-21.2-25.7-11.0-8.7-9.1-160-11542.8-66.6
Cash from financingn/a1.2-9.7-6.7-23.9-12.6-19.5-36.4-11.2-15.7-25.2-93.4-38.5
Depreciation and amortisation7.28.29.210.312.612.112.411.010.811.411.810.511.3
Share-based compensation0.91.01.00.71.11.92.74.25.77.08.59.310.0
Buybacksn/an/an/an/a15.44.510.2n/an/a5.412.476.318.3
Dividends paid10.510.69.09.18.58.48.426.28.98.410.515.317.7
Dividend per share$0.40$0.40$0.34$0.34$0.32$0.32$0.32$1.00$0.34n/an/an/an/a
Diluted shares, weighted27m27m27m27m27m27m26m26m26m26m27m26m25m
Shares outstanding at period end26m26m27m27m26m26m26m26m26m26m26m25m25m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity354392433482526597636682766841911910953
Debtn/an/an/an/an/an/an/an/a0.00.00.00.00.0
Operating lease liabilitiesn/an/an/an/an/a10.39.66.85.03.21.60.56.7
Other liabilities186247253266279330369394329344387440468
Total liabilities and equity5406396867488059371,0151,0831,1001,1881,2991,3511,428
Owned
Fixed assets27.932.239.441.551.864.261.561.059.256.752.546.945.8
Goodwill51.351.373.673.673.673.673.673.673.673.673.673.673.6
Intangible assets2.01.212.111.09.68.37.15.94.63.42.21.00.5
Investmentsn/an/an/an/an/an/an/an/an/a152264213217
Securities held for sale or to maturityn/an/an/an/an/an/an/an/a96.4n/an/an/an/a
Cash and equivalents60.980.249.250.091.790.195.7108123145178193124
Receivables293356412450448550611608610607611648727
Inventory90.910390.510711912514120720912495.1144205
Other assets14.015.29.415.311.826.825.620.5n/a26.521.931.235.2
Total assets5406396867488059371,0151,0831,1001,1881,2991,3511,428
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded1.1%2.1%-2.8%3.2%
Profit growth, compounded6.0%8.5%-2.1%11.4%
Return on equity, average10.8%10.1%9.6%9.2%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was PC Connection's revenue in fiscal 2025?

PC Connection (CNXN) reported revenue of $2.9 billion for fiscal 2025, the year ended 31 December 2025, up 2.5% on the year before.

How much did PC Connection earn in fiscal 2025?

Net income was $84 million for fiscal 2025, and diluted earnings per share $3.27.

What is PC Connection's P/E ratio?

At the close of 9 October 2026, PC Connection traded at 24.6 times its earnings over the twelve months to 30 June 2026.

What is PC Connection's market cap?

The market cap of PC Connection was $2.3 billion at the close of 9 October 2026.

Does PC Connection pay a dividend?

Yes. PC Connection declared $0.34 a share in dividends over the four quarters to 30 June 2026.

Peers: Wholesale

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
TD Synnex Corp. SNX$21.8 billion16.6614.3%2.7%24.1%0.390.6%
DXP Enterprises Inc. DXPE$2.8 billion31.8617.2%8.8%11.5%1.51n/a
Hawkins Inc. HWKN$2.7 billion33.7014.7%10.7%9.3%0.450.6%
United Natural Foods Inc. UNFI$2.7 billion33.235.2%0.7%-2.0%0.96n/a
Resideo Technologies, Inc. REZI$2.6 billion7.5514.2%6.9%3.4%1.20n/a
Boise Cascade Co. BCC$2.6 billion24.995.2%2.5%-1.5%0.221.2%
Central Garden & PET Co. CENT$2.5 billion15.169.5%8.1%-1.2%0.68n/a
Eplus Inc. PLUS$2.4 billionn/an/an/an/a0.000.8%
PC Connection Inc. CNXN$2.3 billion24.5610.1%3.9%3.2%0.000.4%
Andersons, Inc. ANDE$2.2 billion12.3513.4%n/a-5.2%0.431.2%
Central Garden & PET Co. CENTA$2.2 billion13.079.5%8.1%-1.2%0.68n/a
Scansource, Inc. SCSC$1.2 billion16.648.7%3.1%6.1%0.11n/a
All 39 in Wholesale
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
McKesson Corp. MCK$109.4 billion25.12n/a1.6%8.8%n/a0.3%
TE Connectivity plc TEL$63.2 billion21.4122.8%19.7%16.5%0.421.2%
Cencora, Inc. COR$61.8 billion24.0686.0%0.9%5.1%3.840.7%
W.W. Grainger, Inc. GWW$60.8 billion32.8945.3%14.6%7.8%0.580.7%
Cardinal Health Inc. CAH$55.3 billion32.81n/a1.0%14.2%n/a0.9%
Ferguson Enterprises Inc. FERG$42.6 billion24.4228.5%8.2%3.4%0.721.6%
Sysco Corp. SYY$37.4 billion21.3565.9%3.7%3.9%4.622.8%
TD Synnex Corp. SNX$21.8 billion16.6614.3%2.7%24.1%0.390.6%
US Foods Holding Corp. USFD$21.1 billion29.9817.0%3.1%3.8%1.19n/a
Reliance, Inc. RS$20.5 billion23.4012.1%7.8%15.4%0.221.2%
Wesco International Inc. WCC$17.8 billion25.2713.6%5.4%12.5%1.13n/a
Genuine Parts Co. GPC$17.5 billion508.120.7%3.7%5.5%0.883.2%
Performance Food Group Co. PFGC$14.8 billion41.437.3%1.3%7.2%1.02n/a
Applied Industrial Technologies Inc. AIT$12.3 billion30.6022.3%11.1%8.8%0.140.6%
Arrow Electronics, Inc. ARW$11.6 billion14.5611.6%3.4%26.1%0.29n/a
Watsco Inc. WSO$10.7 billion23.9915.9%9.4%-3.0%0.044.2%
Dominos Pizza Inc. DPZ$10.2 billion17.82n/a19.6%6.2%n/a2.2%
Henry Schein Inc. HSIC$9.4 billion24.5012.8%5.0%6.5%0.73n/a
Avnet Inc. AVT$8.2 billion24.896.7%2.6%24.5%0.641.4%
Core & Main, Inc. CNM$7.8 billion16.6122.6%9.6%-0.5%1.20n/a
MSC Industrial Direct Co. Inc. MSM$7.2 billion31.2816.3%8.5%4.4%0.361.7%
Pool Corp. POOL$5.8 billion14.6831.7%10.8%2.2%1.063.1%
LKQ Corp. LKQ$5.5 billionn/an/an/an/a0.61n/a
Chefs' Warehouse, Inc. CHEF$4.7 billion54.4114.2%4.0%11.2%1.07n/a
Ashland Inc. ASH$3.2 billion61.942.7%7.4%-1.4%0.732.3%
DXP Enterprises Inc. DXPE$2.8 billion31.8617.2%8.8%11.5%1.51n/a
Hawkins Inc. HWKN$2.7 billion33.7014.7%10.7%9.3%0.450.6%
United Natural Foods Inc. UNFI$2.7 billion33.235.2%0.7%-2.0%0.96n/a
Resideo Technologies, Inc. REZI$2.6 billion7.5514.2%6.9%3.4%1.20n/a
Boise Cascade Co. BCC$2.6 billion24.995.2%2.5%-1.5%0.221.2%
Central Garden & PET Co. CENT$2.5 billion15.169.5%8.1%-1.2%0.68n/a
Eplus Inc. PLUS$2.4 billionn/an/an/an/a0.000.8%
PC Connection Inc. CNXN$2.3 billion24.5610.1%3.9%3.2%0.000.4%
Andersons, Inc. ANDE$2.2 billion12.3513.4%n/a-5.2%0.431.2%
Central Garden & PET Co. CENTA$2.2 billion13.079.5%8.1%-1.2%0.68n/a
Vestis Corp. VSTS$1.9 billionn/a-0.6%3.6%-0.4%1.240.2%
World Kinect Corp. WKC$1.9 billionn/a-14.3%-0.1%7.6%0.592.1%
Scansource, Inc. SCSC$1.2 billion16.648.7%3.1%6.1%0.11n/a
Universal Corp. UVV$1.0 billion56.011.4%4.9%-3.6%0.447.8%
3 companies share its SEC industry code (Wholesale-Computers & Peripheral Equipment & Software); the rest are the names nearest in size in its wider industry, Wholesale, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202629 July 2026EDGAR
10-Q31 March 202629 April 2026EDGAR
10-K31 December 202524 February 2026EDGAR
10-Q30 September 202529 October 2025EDGAR
10-Q30 June 202530 July 2025EDGAR
10-Q31 March 202530 April 2025EDGAR
10-K31 December 202424 February 2025EDGAR
10-Q30 September 202430 October 2024EDGAR
10-Q30 June 202431 July 2024EDGAR
10-Q31 March 20241 May 2024EDGAR

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