Pc Connection Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Pc Connection Inc has an operating margin of 3.5%, meaning the company retains $3 of operating profit per $100 of revenue. This below-average margin results in a low score of 17/100, suggesting thin profitability after operating expenses. This is down from 3.6% the prior year.
Pc Connection Inc's revenue declined 1.7% year-over-year, from $2.9B to $2.8B. This contraction results in a growth score of 24/100.
Pc Connection Inc carries a low D/E ratio of 0.43, meaning only $0.43 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.14, Pc Connection Inc holds $3.14 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Pc Connection Inc's ROE of 9.6% shows moderate profitability relative to equity, earning a score of 38/100. This is down from 9.9% the prior year.
Pc Connection Inc scores 6.53, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Pc Connection Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Pc Connection Inc generates $2.00 in operating cash flow ($173.9M OCF vs $87.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows Pc Connection Inc (CNXN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Pc Connection Inc generated $2.8B in revenue in fiscal year 2024. This represents a decrease of 1.7% from the prior year.
Pc Connection Inc's EBITDA was $108.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 5.0% from the prior year.
Pc Connection Inc reported $87.1M in net income in fiscal year 2024. This represents an increase of 4.6% from the prior year.
Pc Connection Inc earned $3.29 per diluted share (EPS) in fiscal year 2024. This represents an increase of 4.4% from the prior year.
Pc Connection Inc held $178.3M in cash against $0 in long-term debt as of fiscal year 2024.
Pc Connection Inc had 26M shares outstanding in fiscal year 2024. This represents a decrease of 0.8% from the prior year.
Pc Connection Inc's gross margin was 18.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.
Pc Connection Inc's operating margin was 3.5% in fiscal year 2024, reflecting core business profitability. This is down 0.2 percentage points from the prior year.
Pc Connection Inc's net profit margin was 3.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.2 percentage points from the prior year.
Pc Connection Inc's ROE was 9.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.3 percentage points from the prior year.
Pc Connection Inc spent $12.4M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 129.5% from the prior year.
CNXN Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $709.1M-6.7% | $759.7M+8.4% | $701.0M-1.1% | $708.9M-3.7% | $736.5M+16.5% | $632.0M-9.3% | $696.5M+0.5% | $693.1M |
| Cost of Revenue | $570.4M-8.3% | $621.9M+8.4% | $573.7M-0.9% | $579.1M-3.5% | $599.9M+16.7% | $514.0M-9.3% | $566.7M+1.0% | $561.2M |
| Gross Profit | $138.6M+0.6% | $137.8M+8.2% | $127.3M-1.9% | $129.8M-5.0% | $136.5M+15.6% | $118.1M-9.0% | $129.8M-1.6% | $131.9M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $108.4M+1.4% | $106.9M-2.7% | $109.9M+2.5% | $107.1M+1.8% | $105.2M+0.6% | $104.6M+2.7% | $101.8M+2.0% | $99.8M |
| Operating Income | $30.3M-2.0% | $30.9M+112.8% | $14.5M-35.9% | $22.6M-26.8% | $30.9M+129.6% | $13.5M-51.8% | $27.9M-12.7% | $32.0M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | $4.6M | N/A | N/A |
| Income Tax | $9.2M-1.2% | $9.3M+85.8% | $5.0M-23.9% | $6.6M-30.0% | $9.4M+92.9% | $4.9M-41.1% | $8.3M-9.2% | $9.1M |
| Net Income | $24.7M-0.2% | $24.8M+83.9% | $13.5M-34.9% | $20.7M-20.8% | $26.2M+98.9% | $13.2M-44.7% | $23.8M-7.1% | $25.6M |
| EPS (Diluted) | $0.970.0% | $0.97+90.2% | $0.51-34.6% | $0.78-21.2% | $0.99+98.0% | $0.50-43.8% | $0.89-8.2% | $0.97 |
CNXN Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.3B+2.9% | $1.3B+1.7% | $1.2B-4.0% | $1.3B+1.2% | $1.3B+10.5% | $1.2B-2.3% | $1.2B+0.6% | $1.2B |
| Current Assets | $1.2B+3.1% | $1.1B+2.0% | $1.1B-4.3% | $1.2B+1.7% | $1.1B+12.1% | $1.0B-2.4% | $1.0B+0.8% | $1.0B |
| Cash & Equivalents | $187.8M+0.6% | $186.7M+2.3% | $182.5M+2.3% | $178.3M+39.1% | $128.2M-13.1% | $147.6M+1.8% | $145.0M-39.7% | $240.5M |
| Inventory | $135.0M+1.1% | $133.5M-12.1% | $151.8M+59.7% | $95.1M-30.4% | $136.6M+10.3% | $123.9M-0.2% | $124.2M-12.7% | $142.2M |
| Accounts Receivable | $616.7M-3.2% | $637.0M+5.5% | $604.0M-1.2% | $611.4M+2.1% | $598.8M+13.6% | $527.3M-13.1% | $606.8M+3.3% | $587.6M |
| Goodwill | $73.6M0.0% | $73.6M0.0% | $73.6M0.0% | $73.6M0.0% | $73.6M0.0% | $73.6M0.0% | $73.6M0.0% | $73.6M |
| Total Liabilities | $402.8M+4.8% | $384.5M+3.8% | $370.5M-4.6% | $388.4M-4.9% | $408.6M+32.5% | $308.4M-11.3% | $347.6M-4.0% | $362.3M |
| Current Liabilities | $384.1M+4.3% | $368.3M+4.1% | $353.9M-4.7% | $371.2M-4.5% | $388.6M+34.1% | $289.8M-11.6% | $328.0M-3.5% | $340.0M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $902.7M+2.0% | $884.8M+0.9% | $877.0M-3.7% | $911.0M+4.1% | $874.9M+2.6% | $852.7M+1.4% | $840.8M+2.6% | $819.2M |
| Retained Earnings | $889.0M+2.4% | $868.0M+2.5% | $847.0M+1.1% | $837.5M+5.3% | $794.9M+3.0% | $771.4M+1.4% | $760.9M+2.9% | $739.2M |
CNXN Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $64.1M+144.3% | $26.3M+150.1% | -$52.4M-307.5% | $25.2M-34.2% | $38.4M-33.0% | $57.3M+366.1% | $12.3M-75.5% | $50.2M |
| Capital Expenditures | $1.9M+15.4% | $1.6M-5.3% | $1.7M-4.3% | $1.8M-1.7% | $1.8M+13.1% | $1.6M | N/A | $2.5M |
| Free Cash Flow | $62.3M+152.8% | $24.6M+145.5% | -$54.1M-205.8% | $51.2M+39.9% | $36.6M-34.3% | $55.7M | N/A | $47.7M |
| Investing Cash Flow | -$53.8M-3218.4% | -$1.6M-101.5% | $104.7M+1968.5% | -$5.6M+89.2% | -$51.8M-0.4% | -$51.6M+50.4% | -$104.1M-103.4% | -$51.2M |
| Financing Cash Flow | -$9.3M+54.4% | -$20.4M+57.7% | -$48.2M-445.0% | -$8.8M-48.8% | -$5.9M-94.5% | -$3.1M+17.4% | -$3.7M-47.8% | -$2.5M |
| Dividends Paid | $3.8M-0.3% | $3.8M-2.6% | $3.9M+48.8% | $2.6M-0.3% | $2.6M0.0% | $2.6M+25.3% | $2.1M+0.1% | $2.1M |
| Share Buybacks | $5.1M-69.7% | $16.7M-61.8% | $43.7M+842.0% | $4.6M+35.5% | $3.4M+1742.5% | $186K | $0 | $0 |
CNXN Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.6%+1.4pp | 18.1%-0.0pp | 18.2%-0.2pp | 18.3%-0.2pp | 18.5%-0.1pp | 18.7%+0.1pp | 18.6%-0.4pp | 19.0% |
| Operating Margin | 4.3%+0.2pp | 4.1%+2.0pp | 2.1%-1.1pp | 3.2%-1.0pp | 4.2%+2.1pp | 2.1%-1.9pp | 4.0%-0.6pp | 4.6% |
| Net Margin | 3.5%+0.2pp | 3.3%+1.3pp | 1.9%-1.0pp | 2.9%-0.6pp | 3.5%+1.5pp | 2.1%-1.3pp | 3.4%-0.3pp | 3.7% |
| Return on Equity | 2.7%-0.1pp | 2.8%+1.3pp | 1.5%-0.7pp | 2.3%-0.7pp | 3.0%+1.4pp | 1.5%-1.3pp | 2.8%-0.3pp | 3.1% |
| Return on Assets | 1.9%-0.1pp | 1.9%+0.9pp | 1.1%-0.5pp | 1.6%-0.5pp | 2.0%+0.9pp | 1.1%-0.9pp | 2.0%-0.2pp | 2.2% |
| Current Ratio | 3.06-0.0 | 3.09-0.1 | 3.15+0.0 | 3.14+0.2 | 2.95-0.6 | 3.53+0.3 | 3.20+0.1 | 3.06 |
| Debt-to-Equity | 0.45+0.0 | 0.43+0.0 | 0.420.0 | 0.43-0.0 | 0.47+0.1 | 0.36-0.1 | 0.41-0.0 | 0.44 |
| FCF Margin | 8.8%+5.5pp | 3.2%+11.0pp | -7.7%-14.8pp | 7.1%+2.1pp | 5.0%-3.8pp | 8.8% | N/A | 6.9% |
Similar Companies
Frequently Asked Questions
What is Pc Connection Inc's annual revenue?
Pc Connection Inc (CNXN) reported $2.8B in total revenue for fiscal year 2024. This represents a -1.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Pc Connection Inc's revenue growing?
Pc Connection Inc (CNXN) revenue declined by 1.7% year-over-year, from $2.9B to $2.8B in fiscal year 2024.
Is Pc Connection Inc profitable?
Yes, Pc Connection Inc (CNXN) reported a net income of $87.1M in fiscal year 2024, with a net profit margin of 3.1%.
What is Pc Connection Inc's earnings per share (EPS)?
Pc Connection Inc (CNXN) reported diluted earnings per share of $3.29 for fiscal year 2024. This represents a 4.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Pc Connection Inc's EBITDA?
Pc Connection Inc (CNXN) had EBITDA of $108.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Pc Connection Inc's gross margin?
Pc Connection Inc (CNXN) had a gross margin of 18.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Pc Connection Inc's operating margin?
Pc Connection Inc (CNXN) had an operating margin of 3.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Pc Connection Inc's net profit margin?
Pc Connection Inc (CNXN) had a net profit margin of 3.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Pc Connection Inc's return on equity (ROE)?
Pc Connection Inc (CNXN) has a return on equity of 9.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Pc Connection Inc's operating cash flow?
Pc Connection Inc (CNXN) generated $173.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Pc Connection Inc's total assets?
Pc Connection Inc (CNXN) had $1.3B in total assets as of fiscal year 2024, including both current and long-term assets.
Does Pc Connection Inc buy back shares?
Yes, Pc Connection Inc (CNXN) spent $12.4M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Pc Connection Inc have outstanding?
Pc Connection Inc (CNXN) had 26M shares outstanding as of fiscal year 2024.
What is Pc Connection Inc's current ratio?
Pc Connection Inc (CNXN) had a current ratio of 3.14 as of fiscal year 2024, which is generally considered healthy.
What is Pc Connection Inc's debt-to-equity ratio?
Pc Connection Inc (CNXN) had a debt-to-equity ratio of 0.43 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Pc Connection Inc's return on assets (ROA)?
Pc Connection Inc (CNXN) had a return on assets of 6.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Pc Connection Inc's Altman Z-Score?
Pc Connection Inc (CNXN) has an Altman Z-Score of 6.53, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Pc Connection Inc's Piotroski F-Score?
Pc Connection Inc (CNXN) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Pc Connection Inc's earnings high quality?
Pc Connection Inc (CNXN) has an earnings quality ratio of 2.00x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Pc Connection Inc?
Pc Connection Inc (CNXN) scores 55 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.