PC Connection Inc (CNXN) Financial Statements
Industry: Computers & Peripheral Equipment & Software (Wholesale)
In fiscal 2025, PC Connection reported revenue of $2.87B, up 2.5% from $2.80B the year before. Net income was $83.7M (a 2.9% net margin), or $3.27 per diluted share. Gross margin was 18.8% and operating margin was 3.5%. Operating activities generated $65.4M of cash, leaving $58.0M of free cash flow. At fiscal year end, PC Connection held $1.35B in total assets against $440.8M in total liabilities, including $193.2M of cash and equivalents.
Open the full interactive PC Connection financials → Quarterly statements, key ratios, valuation history and price charts.
PC Connection Key Stats
| Share Price | $95.22 |
|---|---|
| Market Cap | $2.41B |
| P/E Ratio | 29.1 |
| Dividend Yield | 0.73% |
| Revenue YoY Growth | +2.5% |
| 52-Week Range | $55.35 – $95.22 |
| Shares Outstanding | 25.2 million (basic, 2026 Q2) |
PC Connection Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $2.59B | $2.89B | $3.12B | $2.85B | $2.80B | $2.87B |
| Cost of Goods Sold | $2.17B | $2.43B | $2.60B | $2.34B | $2.28B | $2.33B |
| Gross Profit | $418.8M | $464.6M | $526.2M | $511.7M | $519.8M | $539.3M |
| Operating Income | $72.1M | $96.5M | $120.6M | $103.2M | $97.1M | $99.3M |
| Pre-Tax Income | $73.2M | $96.5M | $121.6M | $113.1M | $117.5M | $113.7M |
| Income Tax | $17.4M | $26.6M | $32.4M | $29.8M | $30.4M | $30.0M |
| Net Income | $55.8M | $69.9M | $89.2M | $83.3M | $87.1M | $83.7M |
| Diluted EPS | $2.12 | $2.65 | $3.37 | $3.15 | $3.29 | $3.27 |
PC Connection Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $709.1M | $702.9M | $721.9M | $854.0M |
| Net Income | $24.7M | $20.7M | $17.2M | $33.2M |
| Diluted EPS | $0.97 | $0.81 | $0.68 | $1.31 |
PC Connection Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $95.7M | $108.3M | $122.9M | $145.0M | $178.3M | $193.2M |
| Current Assets | $859.0M | $932.4M | $953.8M | $1.05B | $1.17B | $1.22B |
| Total Assets | $1.02B | $1.08B | $1.10B | $1.19B | $1.30B | $1.35B |
| Current Liabilities | $342.3M | $374.6M | $310.5M | $328.0M | $371.2M | $420.4M |
| Total Liabilities | $379.0M | $400.9M | $333.7M | $347.6M | $388.4M | $440.8M |
| Shareholders' Equity | $636.3M | $682.5M | $766.2M | $840.8M | $911.0M | $910.1M |
PC Connection Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $36.1M | $57.8M | $34.9M | $198.0M | $173.9M | $65.4M |
| Cash From Investing | -$11.0M | -$8.7M | -$9.1M | -$160.2M | -$115.3M | $42.8M |
| Cash From Financing | -$19.5M | -$36.4M | -$11.2M | -$15.7M | -$25.2M | -$93.4M |
| Free Cash Flow | — | — | — | — | — | $58.0M |
| Dividends Paid | $8.4M | $34.6M | $8.9M | $8.4M | $10.5M | $15.3M |
Figures from PC Connection's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full PC Connection financials page for every line item.
PC Connection Company Profile
| Ticker | CNXN |
|---|---|
| Exchange | Nasdaq |
| Industry | Computers & Peripheral Equipment & Software (Wholesale) |
| Headquarters | Merrimack, New Hampshire |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001050377 |
Frequently Asked Questions
What was PC Connection's revenue in fiscal 2025?
PC Connection (CNXN) reported revenue of $2.87B for fiscal 2025.
What is PC Connection's annual revenue history?
PC Connection's annual revenue by fiscal year: 2020: $2.59B; 2021: $2.89B; 2022: $3.12B; 2023: $2.85B; 2024: $2.80B; 2025: $2.87B.
What was PC Connection's net income in fiscal 2025?
PC Connection reported net income of $83.7M for fiscal 2025.
What was PC Connection's earnings per share (EPS) in fiscal 2025?
PC Connection's diluted EPS was $3.27 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did PC Connection generate in fiscal 2025?
PC Connection generated $58.0M of free cash flow in fiscal 2025.
What was PC Connection's revenue last quarter?
In its most recent reported quarter (2026 Q2), PC Connection reported revenue of $854.0M.
How many shares of PC Connection are outstanding?
PC Connection reported a weighted average of 25.2 million basic shares outstanding in 2026 Q2.
What is PC Connection's market cap?
Based on its latest closing price, PC Connection (CNXN) has a market capitalization of about $2.41B.
When does PC Connection's fiscal year end?
PC Connection's fiscal year end, as registered with the SEC, is December 31.
Where is PC Connection headquartered?
PC Connection lists its business address in Merrimack, New Hampshire in its SEC filings.