What is PC Connection Inc's earnings per share (EPS)?

PC Connection Inc (CNXN) reported diluted earnings per share of $3.27 for fiscal year 2025. This represents a -0.6% 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.

PC Connection Inc (CNXN) Financials

CNXN

Trailing 12 months to June 30, 2026

Revenue $3.0B +3.2% YoY

Net Income $95.8M +11.4% YoY

EPS (Diluted) $3.78 +14.9% YoY

Free Cash Flow $34.1M -23.6% YoY

Market Cap $2.4B as of Oct 13, 2026

Price / Sales 0.8x on $3.0B revenue, trailing 12 months to June 30, 2026

Price / Earnings 24.9x on $95.8M net income, trailing 12 months to June 30, 2026

Price / Book 2.5x on $952.6M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 29, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CNXN SEC filings page.

PC Connection Inc (CNXN) reported $3.0B in revenue over the twelve months to Jun 30, 2026, up 3.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI CNXN FY2025 2026-10-03

The business earns steady, thin operating margins, but FY2025’s cash-flow deterioration and buybacks changed its financial profile.

FY2025 operating cash flow of $65M sat below net income of $83M, unlike FY2024 when cash flow exceeded profit, weakening cash conversion. Free cash flow then fell to $58M from $166M, indicating the deterioration also reduced cash available after reinvestment.

Gross margin expanded from 16.1% in FY2021 to 18.8% in FY2025, yet operating margin stayed near 3.5%; margin improvement did not flow through proportionally. SG&A rose to $434M from $422M, so more gross profit was consumed by overhead rather than reaching operations.

Liabilities rose to $441M from $388M, increasing claims ahead of equity. The current ratio fell from 3.1x to 2.9x, while equity stayed near $910M despite FY2025 buybacks of $76M, meaning capital was returned while the short-term cushion narrowed.

Financial Health Signals

Financial Health Score 58/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of PC Connection Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

PC Connection Inc has an operating margin of 3.5%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 61/100, indicating healthy but not exceptional operating efficiency. This is unchanged from the prior year.

Growth

PC Connection Inc's revenue grew a modest 2.5% year-over-year to $2.9B. This slow but positive growth earns a score of 32/100.

Leverage

PC Connection Inc has a moderate D/E ratio of 0.48. This balance of debt and equity financing earns a leverage score of 61/100.

Liquidity

With a current ratio of 2.90, PC Connection Inc holds $2.90 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 77/100.

Cash Flow

PC Connection Inc has a free cash flow margin of 2.0%, earning a moderate score of 41/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

PC Connection Inc earns a strong 9.2% return on equity (ROE), meaning it generates $9 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 75/100. This is down from 9.6% the prior year.

Altman Z-Score Safe

7.27

PC Connection Inc scores 7.27, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/8

PC Connection Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

0.78x

For every $1 of reported earnings, PC Connection Inc generates $0.78 in operating cash flow ($65.4M OCF vs $83.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$854.0M

YoY+12.4%

QoQ+18.3%

5Y CAGR+3.9%

10Y CAGR+2.4%

PC Connection Inc generated $854.0M in revenue in Q2 2026. This represents an increase of 12.4% from the same quarter a year earlier. Against the prior quarter it is up 18.3%.

EBITDA

$45.7M

YoY+35.5%

QoQ+98.7%

5Y CAGR+11.3%

PC Connection Inc's EBITDA was $45.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 35.5% from the same quarter a year earlier. Against the prior quarter it is up 98.7%.

Net Income

$33.2M

YoY+33.8%

QoQ+92.6%

5Y CAGR+13.9%

10Y CAGR+10.3%

PC Connection Inc reported $33.2M in net income in Q2 2026. This represents an increase of 33.8% from the same quarter a year earlier. Against the prior quarter it is up 92.6%.

EPS (Diluted)

$1.31

YoY+35.1%

QoQ+92.6%

5Y CAGR+14.7%

10Y CAGR+10.8%

PC Connection Inc earned $1.31 per diluted share (EPS) in Q2 2026. This represents an increase of 35.1% from the same quarter a year earlier. Against the prior quarter it is up 92.6%.

Cash & Balance Sheet

Free Cash Flow

-$65.7M

YoY-366.8%

QoQ-635.2%

PC Connection Inc recorded an outflow of $65.7M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 366.8% from the same quarter a year earlier. Against the prior quarter it is down 635.2%.

Cash & Debt

$123.7M

YoY-33.8%

QoQ-37.0%

5Y CAGR+1.4%

10Y CAGR+10.1%

PC Connection Inc held $123.7M in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.20

YoY+33.3%

QoQ0.0%

PC Connection Inc paid $0.20 per share in dividends in Q2 2026. This represents an increase of 33.3% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

25M

YoY-0.6%

QoQ0.0%

5Y CAGR-0.7%

10Y CAGR-0.5%

PC Connection Inc had 25M shares outstanding in Q2 2026. This represents a decrease of 0.6% from the same quarter a year earlier. It is unchanged from the prior quarter.

Margins & Returns

Gross Margin

18.4%

YoY+0.3pp

QoQ+0.1pp

5Y change+1.9pp

10Y change+4.6pp

PC Connection Inc's gross margin was 18.4% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.

Operating Margin

5.0%

YoY+1.0pp

QoQ+2.2pp

5Y change+1.7pp

10Y change+1.9pp

PC Connection Inc's operating margin was 5.0% in Q2 2026, reflecting core business profitability. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.2 percentage points.

Net Margin

3.9%

YoY+0.6pp

QoQ+1.5pp

5Y change+1.4pp

10Y change+2.0pp

PC Connection Inc's net profit margin was 3.9% in Q2 2026, showing the share of revenue converted to profit. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.5 percentage points.

Return on Equity

3.5%

YoY+0.7pp

QoQ+1.6pp

5Y change+0.9pp

10Y change+0.5pp

PC Connection Inc's ROE was 3.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.6 percentage points.

Capital Allocation

Share Buybacks

YoY-100.0%

QoQ-100.0%

PC Connection Inc repurchased no shares in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.

Capital Expenditures

$1.9M

YoY+19.2%

QoQ-2.7%

PC Connection Inc invested $1.9M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 19.2% from the same quarter a year earlier. Against the prior quarter it is down 2.7%.

R&D Spending

Not reported for Q2 2026.

CNXN Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CNXN quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$3.0B	$2.9B+2.5%	$2.8B-1.7%	$2.9B-8.8%	$3.1B+8.0%	$2.9B+11.7%	$2.6B-8.1%	$2.8B+4.5%	$2.7B-7.3%	$2.9B+8.1%	$2.7B+4.6%	$2.6B+4.5%	$2.5B+10.9%	$2.2B+2.9%	$2.2B+2.6%	$2.1B
Cost of Revenue	$2.4B	$2.3B+2.2%	$2.3B-2.4%	$2.3B-10.0%	$2.6B+7.0%	$2.4B+11.8%	$2.2B-8.3%	$2.4B+3.5%	$2.3B-9.5%	$2.5B+9.0%	$2.3B+4.0%	$2.2B+4.3%	$2.1B+11.0%	$1.9B+2.8%	$1.9B+2.1%	$1.8B
Gross Profit	$564.5M	$539.3M+3.8%	$519.8M+1.6%	$511.7M-2.7%	$526.2M+13.3%	$464.6M+10.9%	$418.8M-7.2%	$451.3M+9.8%	$411.1M+7.6%	$382.1M+2.9%	$371.2M+8.8%	$341.0M+5.5%	$323.4M+10.4%	$293.0M+3.9%	$282.1M+6.5%	$264.9M
SG&A Expenses	$441.2M	$434.0M+2.8%	$422.3M+4.0%	$405.9M+0.1%	$405.6M+10.2%	$368.1M+6.5%	$345.7M+2.1%	$338.6M+4.4%	$324.4M+7.8%	$300.9M+4.8%	$287.2M+9.4%	$262.5M+4.2%	$251.9M+7.8%	$233.6M+3.2%	$226.3M+4.2%	$217.3M
Operating Income	$117.1M	$99.3M+2.3%	$97.1M-5.9%	$103.2M-14.4%	$120.6M+24.9%	$96.5M+33.9%	$72.1M-35.6%	$112.0M+30.7%	$85.7M+10.5%	$77.5M-3.7%	$80.5M+2.5%	$78.6M+9.9%	$71.5M+20.3%	$59.4M+8.7%	$54.6M+14.7%	$47.6M
EBITDA	N/A	$109.8M+0.9%	$108.8M-5.0%	$114.6M-12.7%	$131.3M+22.1%	$107.5M+27.3%	$84.5M-31.9%	$124.0M+26.2%	$98.3M+11.9%	$87.8M-2.1%	$89.7M+3.4%	$86.8M+10.3%	$78.6M+19.9%	$65.6M+9.2%	$60.1M+13.5%	$52.9M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	$107K0.0%	$107K-26.2%	$145K+48.0%	$98K+246.3%	-$67K+23.0%	-$87K-201.2%	$86K-42.3%	$149K-10.2%	$166K-55.0%	$369K
Income Tax	$34.4M	$30.0M-1.3%	$30.4M+1.8%	$29.8M-7.9%	$32.4M+21.8%	$26.6M+52.7%	$17.4M-43.0%	$30.6M+27.0%	$24.1M+5.7%	$22.8M-29.6%	$32.3M+2.2%	$31.6M+10.3%	$28.7M+21.7%	$23.6M+9.9%	$21.4M+15.0%	$18.6M
Net Income	$95.8M	$83.7M-3.9%	$87.1M+4.6%	$83.3M-6.7%	$89.2M+27.6%	$69.9M+25.4%	$55.8M-32.1%	$82.1M+27.1%	$64.6M+17.7%	$54.9M+14.0%	$48.1M+2.7%	$46.8M+9.7%	$42.7M+19.6%	$35.7M+7.9%	$33.1M+14.9%	$28.8M
EPS (Basic)	N/A	$3.28-0.9%	$3.31+4.4%	$3.17-6.8%	$3.40+27.3%	$2.67+25.4%	$2.13-31.7%	$3.12+28.9%	$2.42+18.0%	$2.05+13.3%	$1.81+2.3%	$1.77+8.6%	$1.63+19.0%	$1.37+9.6%	$1.25+15.7%	$1.08
EPS (Diluted)	$3.78	$3.27-0.6%	$3.29+4.4%	$3.15-6.5%	$3.37+27.2%	$2.65+25.0%	$2.12-31.6%	$3.10+28.6%	$2.41+18.1%	$2.04+13.3%	$1.80+2.3%	$1.76+9.3%	$1.61+19.3%	$1.35+8.9%	$1.24+15.9%	$1.07
Diluted Shares (Avg)	N/A	26M-3.3%	27M+0.3%	26M-0.1%	26M+0.3%	26M+0.1%	26M-0.6%	27M-1.3%	27M-0.1%	27M+0.6%	27M+0.4%	27M+0.4%	27M+0.5%	26M-0.7%	27M-0.8%	27M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$854.0M+12.4%	$721.9M+3.0%	$702.9M-0.8%	$709.1M-2.2%	$759.7M+3.2%	$701.0M+10.9%	$708.9M+1.8%	$724.7M+4.6%
Cost of Revenue	$696.5M+12.0%	$589.1M+2.7%	$567.3M-2.0%	$570.4M-3.2%	$621.9M+3.7%	$573.7M+11.6%	$579.1M+2.2%	$589.3M+5.0%
Gross Profit	$157.5M+14.3%	$132.7M+4.3%	$135.6M+4.5%	$138.6M+2.4%	$137.8M+0.9%	$127.3M+7.8%	$129.8M0.0%	$135.4M+2.7%
SG&A Expenses	$114.5M+7.1%	$109.5M-0.4%	$108.9M+1.7%	$108.4M+2.9%	$106.9M+1.6%	$109.9M+5.0%	$107.1M+5.2%	$105.4M+5.6%
Operating Income	$43.0M+39.2%	$20.2M+39.3%	$23.6M+4.2%	$30.3M+0.7%	$30.9M-0.1%	$14.5M+7.9%	$22.6M-19.0%	$30.0M-6.2%
EBITDA	$45.7M+35.5%	$23.0M+30.7%	$25.2M+2.6%	$33.2M-0.5%	$33.8M-1.3%	$17.6M+5.3%	$24.6M-17.8%	$33.3M-5.6%
Income Tax	$12.4M+32.7%	$6.4M+26.9%	$6.5M-2.1%	$9.2M-3.2%	$9.3M-0.9%	$5.0M+2.9%	$6.6M-20.4%	$9.5M+4.5%
Net Income	$33.2M+33.8%	$17.2M+27.8%	$20.7M0.0%	$24.7M-8.6%	$24.8M-5.2%	$13.5M+2.5%	$20.7M-12.9%	$27.1M+5.7%
EPS (Basic)	$1.31+33.7%	$0.68+30.8%	$0.82+3.8%	$0.98-4.9%	$0.98-1.0%	$0.52+4.0%	$0.79-13.2%	$1.03+6.2%
EPS (Diluted)	$1.31+35.1%	$0.68+33.3%	$0.82+3.8%	$0.97-4.9%	$0.97-2.0%	$0.51+2.0%	$0.79-12.2%	$1.02+5.2%
Diluted Shares (Avg)	25M-0.7%	25M-3.6%	N/A	25M-3.8%	26M-3.8%	26M-1.2%	N/A	27M+0.3%

Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.

CNXN Balance Sheet

CNXN quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$1.4B+4.0%	$1.3B+9.3%	$1.2B+8.1%	$1.1B+1.5%	$1.1B+6.7%	$1.0B+8.3%	$937.3M+16.4%	$805.4M+7.7%	$747.9M+9.0%	$686.1M+7.4%	$639.1M+18.4%	$540.0M+7.8%	$500.9M+7.0%	$468.3M+0.1%	$468.0M
Current Assets	$1.2B+4.6%	$1.2B+11.3%	$1.0B+9.9%	$953.8M+2.3%	$932.4M+8.5%	$859.0M+10.6%	$776.4M+16.0%	$669.2M+8.6%	$616.1M+10.2%	$559.2M+1.1%	$552.9M+20.7%	$458.1M+9.5%	$418.5M+8.3%	$386.5M-0.5%	$388.3M
Cash & Equivalents	$193.2M+8.4%	$178.3M+23.0%	$145.0M+17.9%	$122.9M+13.5%	$108.3M+13.2%	$95.7M+6.2%	$90.1M-1.8%	$91.7M+83.4%	$50.0M+1.6%	$49.2M-38.7%	$80.2M+31.7%	$60.9M+43.2%	$42.5M+6.6%	$39.9M+764.7%	$4.6M
Short-Term Investments	$213.5M-19.2%	$264.3M+73.6%	$152.2M	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$143.6M+51.0%	$95.1M-23.5%	$124.2M-40.5%	$208.7M+1.0%	$206.6M+46.6%	$140.9M+13.0%	$124.7M+4.6%	$119.2M+11.7%	$106.8M+17.9%	$90.5M-11.9%	$102.8M+13.0%	$90.9M+14.9%	$79.1M+13.6%	$69.6M-10.1%	$77.4M
Accounts Receivable	$648.0M+6.0%	$611.4M+0.8%	$606.8M-0.6%	$610.3M+0.5%	$607.5M-0.6%	$611.0M+11.2%	$549.6M+22.8%	$447.7M-0.4%	$449.7M+9.2%	$411.9M+15.7%	$356.1M+21.5%	$293.0M+3.5%	$283.1M+5.9%	$267.3M-9.4%	$295.2M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$73.6M0.0%	$73.6M0.0%	$73.6M0.0%	$73.6M0.0%	$73.6M0.0%	$73.6M0.0%	$73.6M0.0%	$73.6M0.0%	$73.6M0.0%	$73.6M+43.5%	$51.3M0.0%	$51.3M0.0%	$51.3M0.0%	$51.3M0.0%	$51.3M
Total Liabilities	$440.8M+13.5%	$388.4M+11.7%	$347.6M+4.2%	$333.7M-16.8%	$400.9M+5.8%	$379.0M+11.5%	$340.0M+21.7%	$279.5M+5.2%	$265.6M+5.1%	$252.7M+2.5%	$246.6M+32.6%	$186.0M+2.7%	$181.1M+2.3%	$177.0M-9.0%	$194.5M
Current Liabilities	$420.4M+13.3%	$371.2M+13.2%	$328.0M+5.6%	$310.5M-17.1%	$374.6M+9.5%	$342.3M+10.8%	$308.9M+18.9%	$259.8M+4.8%	$248.0M+7.7%	$230.3M+3.7%	$222.0M+34.8%	$164.7M+1.6%	$162.1M-0.8%	$163.5M-9.7%	$181.0M
Non-Current Liabilities	$20.4M+18.9%	$17.2M-12.7%	$19.6M-15.1%	$23.1M-12.0%	$26.3M-28.6%	$36.8M+18.3%	$31.1M+58.2%	$19.7M+11.8%	$17.6M-21.6%	$22.4M-8.9%	$24.6M+15.8%	$21.3M+11.9%	$19.0M+40.4%	$13.5M+0.4%	$13.5M
Total Equity	$910.1M-0.1%	$911.0M+8.4%	$840.8M+9.7%	$766.2M+12.3%	$682.5M+7.3%	$636.3M+6.5%	$597.3M+13.6%	$525.9M+9.1%	$482.3M+11.3%	$433.4M+10.4%	$392.5M+10.9%	$354.0M+10.7%	$319.8M+9.8%	$291.3M+6.5%	$273.5M
Retained Earnings	$905.9M+8.2%	$837.5M+10.1%	$760.9M+10.9%	$686.0M+13.3%	$605.8M+7.8%	$562.1M+9.2%	$514.7M+16.7%	$441.0M+14.9%	$383.7M+13.5%	$337.9M+13.1%	$298.9M+13.8%	$262.6M+14.0%	$230.5M+12.3%	$205.3M+12.6%	$182.3M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$1.4B+12.5%	$1.4B+14.2%	$1.4B+4.0%	$1.3B+1.5%	$1.3B-1.1%	$1.2B+7.4%	$1.3B+9.3%	$1.3B+8.8%
Current Assets	$1.3B+13.6%	$1.3B+15.6%	$1.2B+4.6%	$1.2B+1.9%	$1.1B-0.7%	$1.1B+9.1%	$1.2B+11.3%	$1.2B+10.7%
Cash & Equivalents	$123.7M-33.8%	$196.3M+7.6%	$193.2M+8.4%	$187.8M+12.1%	$186.7M+45.7%	$182.5M+23.6%	$178.3M+23.0%	$167.5M-30.4%
Short-Term Investments	$217.0M+36.2%	$215.2M+36.3%	$213.5M-19.2%	$211.4M-19.2%	$159.3M-38.1%	$157.9M-22.8%	$264.3M+73.6%	$261.6M+435.0%
Inventory	$205.1M+53.6%	$194.3M+28.0%	$143.6M+51.0%	$135.0M+18.8%	$133.5M-2.3%	$151.8M+22.5%	$95.1M-23.5%	$113.7M-20.1%
Accounts Receivable	$726.8M+14.1%	$661.5M+9.5%	$648.0M+6.0%	$616.7M+5.4%	$637.0M+6.4%	$604.0M+14.6%	$611.4M+0.8%	$585.1M-0.4%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$73.6M0.0%	$73.6M0.0%	$73.6M0.0%	$73.6M0.0%	$73.6M0.0%	$73.6M0.0%	$73.6M0.0%	$73.6M0.0%
Total Liabilities	$475.0M+23.5%	$503.3M+35.8%	$440.8M+13.5%	$402.8M+3.7%	$384.5M-5.9%	$370.5M+20.1%	$388.4M+11.7%	$388.4M+7.2%
Current Liabilities	$449.3M+22.0%	$477.2M+34.8%	$420.4M+13.3%	$384.1M+4.5%	$368.3M-5.2%	$353.9M+22.1%	$371.2M+13.2%	$367.5M+8.1%
Non-Current Liabilities	$25.7M+58.6%	$26.1M+56.9%	$20.4M+18.9%	$18.7M-10.7%	$16.2M-18.7%	$16.6M-10.4%	$17.2M-12.7%	$20.9M-6.2%
Total Equity	$952.6M+7.7%	$921.7M+5.1%	$910.1M-0.1%	$902.7M+0.6%	$884.8M+1.1%	$877.0M+2.9%	$911.0M+8.4%	$897.4M+9.5%
Retained Earnings	$946.2M+9.0%	$918.1M+8.4%	$905.9M+8.2%	$889.0M+8.5%	$868.0M+9.2%	$847.0M+9.8%	$837.5M+10.1%	$819.4M+10.8%

Not reported in any period shown, so not listed: Long-Term Debt.

CNXN Cash Flow Statement

CNXN quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$42.0M	$65.4M-62.4%	$173.9M-12.2%	$198.0M+467.4%	$34.9M-39.6%	$57.8M+60.0%	$36.1M-1.4%	$36.6M-57.8%	$86.8M+349.5%	$19.3M-42.5%	$33.6M+8.8%	$30.9M-12.8%	$35.4M+80.1%	$19.7M-71.8%	$69.7M+1416.3%	-$5.3M
Depreciation & Amortization	N/A	$10.5M-10.9%	$11.8M+2.9%	$11.4M+6.3%	$10.8M-2.0%	$11.0M-11.3%	$12.4M+2.7%	$12.1M-4.3%	$12.6M+22.6%	$10.3M+12.1%	$9.2M+11.5%	$8.2M+14.4%	$7.2M+16.2%	$6.2M+13.6%	$5.4M+2.4%	$5.3M
Stock-Based Compensation	N/A	$9.3M+10.2%	$8.5M+20.7%	$7.0M+23.7%	$5.7M+34.1%	$4.2M+58.6%	$2.7M+43.2%	$1.9M+72.5%	$1.1M+45.7%	$741K-29.4%	$1.0M+5.5%	$994K+7.0%	$929K-3.0%	$958K-35.9%	$1.5M+81.3%	$824K
Capital Expenditures	$8.0M	$7.4M-2.5%	$7.6M-21.1%	$9.6M	N/A	N/A	N/A	N/A	N/A	$11.8M-0.7%	$11.9M-3.7%	$12.3M+62.1%	$7.6M0.0%	$7.6M-17.8%	$9.3M-14.8%	$10.9M
Free Cash Flow	$34.1M	$58.0M-65.1%	$166.3M-11.7%	$188.4M	N/A	N/A	N/A	N/A	N/A	$7.5M-65.4%	$21.7M+17.1%	$18.5M-33.3%	$27.8M+130.6%	$12.0M-80.1%	$60.4M+474.1%	-$16.1M
Investing Cash Flow	-$66.6M	$42.8M+137.2%	-$115.3M+28.0%	-$160.2M-1664.9%	-$9.1M-3.9%	-$8.7M+20.8%	-$11.0M+57.0%	-$25.7M-20.8%	-$21.2M-79.9%	-$11.8M+78.5%	-$54.9M-329.1%	-$12.8M	N/A	-$7.6M+17.7%	-$9.2M+42.4%	-$16.0M
Financing Cash Flow	-$38.5M	-$93.4M-270.2%	-$25.2M-60.3%	-$15.7M-40.5%	-$11.2M+69.2%	-$36.4M-86.8%	-$19.5M-54.6%	-$12.6M+47.3%	-$23.9M-256.2%	-$6.7M+31.0%	-$9.7M-907.2%	$1.2M	N/A	-$9.4M+62.5%	-$25.1M-166.7%	-$9.4M
Dividends Paid	$17.7M	$15.3M+45.3%	$10.5M+25.2%	$8.4M-6.0%	$8.9M-74.1%	$34.6M+310.6%	$8.4M-0.3%	$8.5M-7.3%	$9.1M+0.9%	$9.0M-14.6%	$10.6M0.0%	$10.6M+0.6%	$10.5M+0.5%	$10.5M+4.0%	$10.1M-4.9%	$10.6M
Share Buybacks	$18.3M	$76.3M+516.3%	$12.4M+129.5%	$5.4M	N/A	N/A	$10.2M+128.3%	$4.5M-70.9%	$15.4M	N/A	N/A	N/A	N/A	N/A	$7.8M+104.4%	$3.8M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$63.8M-343.0%	$14.3M+127.2%	$27.4M+8.6%	$64.1M+21.2%	$26.3M-31.6%	-$52.4M-191.4%	$25.2M+105.5%	$52.9M+5.4%
Depreciation & Amortization	$2.7M-4.5%	$2.8M-9.7%	$1.6M-16.3%	$2.9M-11.9%	$2.9M-12.4%	$3.1M-5.1%	$1.9M-1.6%	$3.3M-0.3%
Stock-Based Compensation	N/A	$2.6M+19.5%	N/A	N/A	N/A	$2.2M+13.3%	N/A	N/A
Capital Expenditures	$1.9M+19.2%	$2.0M+16.0%	$2.2M-7.3%	$1.9M+4.6%	$1.6M-10.9%	$1.7M+6.4%	$2.4M+5.4%	$1.8M-28.3%
Free Cash Flow	-$65.7M-366.8%	$12.3M+122.7%	$25.2M+10.2%	$62.3M+21.7%	$24.6M-32.6%	-$54.1M-197.2%	$22.9M+127.8%	$51.2M+7.2%
Investing Cash Flow	-$3.3M-104.4%	-$3.0M-102.9%	-$6.5M-15.7%	-$53.8M-759.0%	-$1.6M+96.9%	$104.7M+302.9%	-$5.6M+94.6%	-$6.3M+87.8%
Financing Cash Flow	-$5.4M+73.4%	-$8.2M+83.0%	-$15.6M-76.1%	-$9.3M-25.7%	-$20.4M-242.7%	-$48.2M-1477.7%	-$8.8M-139.1%	-$7.4M-195.5%
Dividends Paid	$5.0M+32.4%	$5.0M+28.9%	$3.8M+43.9%	$3.8M+44.5%	$3.8M+44.6%	$3.9M+48.3%	$2.6M+24.9%	$2.6M+25.1%
Share Buybacks	$0-100.0%	$2.5M-94.3%	$10.7M+131.2%	$5.1M+23.0%	$16.7M+388.0%	$43.7M+23415.6%	$4.6M	$4.1M

CNXN Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CNXN quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	18.8%+0.2pp	18.6%+0.6pp	17.9%+1.1pp	16.8%+0.8pp	16.1%-0.1pp	16.2%+0.2pp	16.0%+0.8pp	15.2%+2.1pp	13.1%-0.7pp	13.8%+0.5pp	13.3%+0.1pp	13.1%-0.1pp	13.2%+0.1pp	13.1%+0.5pp	12.6%
Operating Margin	3.5%0.0pp	3.5%-0.2pp	3.6%-0.2pp	3.9%+0.5pp	3.3%+0.6pp	2.8%-1.2pp	4.0%+0.8pp	3.2%+0.5pp	2.7%-0.3pp	3.0%-0.1pp	3.0%+0.1pp	2.9%+0.2pp	2.7%+0.1pp	2.5%+0.3pp	2.3%
Net Margin	2.9%-0.2pp	3.1%+0.2pp	2.9%+0.1pp	2.9%+0.4pp	2.4%+0.3pp	2.1%-0.8pp	2.9%+0.5pp	2.4%+0.5pp	1.9%+0.1pp	1.8%0.0pp	1.8%+0.1pp	1.7%+0.1pp	1.6%+0.1pp	1.5%+0.2pp	1.4%
Return on Equity	9.2%-0.4pp	9.6%-0.3pp	9.9%-1.7pp	11.6%+1.4pp	10.2%+1.5pp	8.8%-5.0pp	13.8%+1.5pp	12.3%+0.9pp	11.4%+0.3pp	11.1%-0.8pp	11.9%-0.1pp	12.1%+0.9pp	11.2%-0.2pp	11.3%+0.8pp	10.5%
Return on Assets	6.2%-0.5pp	6.7%-0.3pp	7.0%-1.1pp	8.1%+1.7pp	6.5%+1.0pp	5.5%-3.3pp	8.8%+0.7pp	8.0%+0.7pp	7.3%+0.3pp	7.0%-0.3pp	7.3%-0.6pp	7.9%+0.8pp	7.1%+0.1pp	7.1%+0.9pp	6.2%
Current Ratio	2.90-0.2x	3.14-0.1x	3.20+0.1x	3.07+0.6x	2.490.0x	2.510.0x	2.51-0.1x	2.58+0.1x	2.48+0.1x	2.43-0.1x	2.49-0.3x	2.78+0.2x	2.58+0.2x	2.36+0.2x	2.15
Debt-to-Equity	0.48+0.1x	0.430.0x	0.410.0x	0.44-0.2x	0.590.0x	0.600.0x	0.570.0x	0.530.0x	0.550.0x	0.580.0x	0.63+0.1x	0.530.0x	0.570.0x	0.61-0.1x	0.71
Asset Turnover	2.130.0x	2.16-0.2x	2.40-0.4x	2.84+0.2x	2.67+0.1x	2.55-0.5x	3.01-0.3x	3.35-0.5x	3.890.0x	3.92-0.1x	4.03-0.5x	4.56+0.1x	4.43-0.2x	4.61+0.1x	4.49
FCF Margin	2.0%-3.9pp	5.9%-0.7pp	6.6%	N/A	N/A	N/A	N/A	N/A	0.3%-0.5pp	0.8%+0.1pp	0.7%-0.4pp	1.1%+0.6pp	0.5%-2.3pp	2.8%+3.6pp	-0.8%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	18.4%+0.3pp	18.4%+0.2pp	19.3%+1.0pp	19.6%+0.9pp	18.1%-0.4pp	18.2%-0.5pp	18.3%-0.3pp	18.7%-0.4pp
Operating Margin	5.0%+1.0pp	2.8%+0.7pp	3.4%+0.2pp	4.3%+0.1pp	4.1%-0.1pp	2.1%-0.1pp	3.2%-0.8pp	4.2%-0.5pp
Net Margin	3.9%+0.6pp	2.4%+0.5pp	2.9%0.0pp	3.5%-0.2pp	3.3%-0.3pp	1.9%-0.2pp	2.9%-0.5pp	3.7%0.0pp
Return on Equity	3.5%+0.7pp	1.9%+0.3pp	2.3%0.0pp	2.7%-0.3pp	2.8%-0.2pp	1.5%0.0pp	2.3%-0.6pp	3.0%-0.1pp
Return on Assets	2.3%+0.4pp	1.2%+0.1pp	1.5%-0.1pp	1.9%-0.2pp	1.9%-0.1pp	1.1%0.0pp	1.6%-0.4pp	2.1%-0.1pp
Current Ratio	2.88-0.2x	2.70-0.5x	2.90-0.2x	3.06-0.1x	3.09+0.1x	3.15-0.4x	3.14-0.1x	3.13+0.1x
Debt-to-Equity	0.50+0.1x	0.55+0.1x	0.48+0.1x	0.450.0x	0.430.0x	0.42+0.1x	0.430.0x	0.430.0x
Asset Turnover	0.600.0x	0.51-0.1x	0.520.0x	0.540.0x	0.600.0x	0.560.0x	0.550.0x	0.560.0x
FCF Margin	-7.7%-10.9pp	1.7%+9.4pp	3.6%+0.4pp	8.8%+1.7pp	3.2%-1.7pp	-7.7%-16.5pp	3.2%+1.8pp	7.1%+0.2pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
PC Connection Inc CNXN	FY2025	$2.9B	$83.7M	2.9%	$2.4B	58/100
Scansource Inc SCSC	FY2026	$3.2B	$78.9M	2.4%	$1.2B	55/100
Climb Global Solutions, Inc. CLMB	FY2025	$652.5M	$21.3M	3.3%	$620.7M	61/100
Insight Enterprises Inc NSIT	FY2025	$8.2B	$157.3M	1.9%	$4.8B	42/100
Avnet, Inc. AVT	FY2026	$27.6B	$334.4M	1.2%	$8.2B	42/100
Arrow Electronics, Inc. ARW	FY2025	$30.9B	$571.3M	1.8%	$11.6B	37/100

Where PC Connection Inc Ranks

Frequently Asked Questions

What is PC Connection Inc's annual revenue?

PC Connection Inc (CNXN) reported $2.9B in total revenue for fiscal year 2025. This represents a 2.5% 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 grew by 2.5% year-over-year, from $2.8B to $2.9B in fiscal year 2025.

Is PC Connection Inc profitable?

Yes, PC Connection Inc (CNXN) reported a net income of $83.7M in fiscal year 2025, with a net profit margin of 2.9%.

What is PC Connection Inc's EBITDA?

PC Connection Inc (CNXN) had EBITDA of $109.8M in fiscal year 2025, 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 18.8% in fiscal year 2025, 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 2025, 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 2.9% in fiscal year 2025, 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 9.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is PC Connection Inc's free cash flow?

PC Connection Inc (CNXN) generated $58.0M in free cash flow during fiscal year 2025. This represents a -65.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is PC Connection Inc's operating cash flow?

PC Connection Inc (CNXN) generated $65.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are PC Connection Inc's total assets?

PC Connection Inc (CNXN) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are PC Connection Inc's capital expenditures?

PC Connection Inc (CNXN) invested $7.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does PC Connection Inc buy back shares?

Yes, PC Connection Inc (CNXN) spent $76.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does PC Connection Inc have outstanding?

PC Connection Inc (CNXN) had 25M shares outstanding as of fiscal year 2025.

What is PC Connection Inc's current ratio?

PC Connection Inc (CNXN) had a current ratio of 2.90 as of fiscal year 2025, 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 0.48 as of fiscal year 2025, 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 6.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is PC Connection Inc's P/E ratio?

PC Connection Inc (CNXN) trades at 24.9x earnings, its market capitalization divided by net income of $95.8M net income, trailing 12 months to June 30, 2026. The market capitalization is $2.4B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is PC Connection Inc's price-to-sales ratio?

PC Connection Inc (CNXN) trades at 0.8x sales, its market capitalization divided by revenue of $3.0B revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.4B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is PC Connection Inc's Altman Z-Score?

PC Connection Inc (CNXN) has an Altman Z-Score of 7.27, 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 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 0.78x, considered mixed 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 58 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.