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PC Connection, Inc. CNXN R2K

Technology · Electronics & Computer Distribution · United States
https://www.connection.com

PC Connection, Inc., together with its subsidiaries, provides various information technology (IT) solutions worldwide. It operates in three segments: Connection Enterprise Solutions, Connection Business Solutions, and Connection Public Sector Solutions. The company offers IT solutions, including computer systems, data center solutions, and artificial intelligence; a portfolio of managed services and professional services; services related to the design, configuration, and implementation of IT solutions; and cybersecurity, digital workspace, modern infrastructure, multicloud, and supply chain and lifecycle solutions and services. It also distributes accessories, cable and adapters, computer parts, computers, conferencing and AV products, electronics, media and supplies, monitors and projectors, networking products, office equipment, power products, printers and supplies, servers and accessories, software, and storage products; hardware, including devices and peripherals; notebooks/mobility products, desktops, communication products, displays, and sound products; and cloud solutions. The company markets its products and services through its websites. It serves large enterprise customers; small to medium-sized businesses, including small office/home office customers; healthcare, manufacturing, and retail industries; federal, state, and local government; educational institutions, including K-12 and higher education; medium-to-large corporations through outbound inside and field sales, digital and web advertising, and targeted marketing programs to specific market segments. PC Connection, Inc. was founded in 1982 and is headquartered in Merrimack, New Hampshire.

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$69.59
+7.60% 1Y

Market & Price

Market Cap
$1.76B
Current Price
$69.59
High / Low (52W)
$69.59 / $55.49
Beta
0.86

Valuation

Stock P/E
20.23
Industry PE
32.74
Forward P/E
16.43
PEG Ratio
1.79
Book Value
$36.55
Price to Book
1.90
P/S
0.61
EV/EBITDA
11.03
Dividend Yield
1.15%

Profitability & Returns

ROCE
11.97%
ROE
9.73%
ROA
5.20%
Profit Margin
3.02%
Op Margin
3.23%
EPS (Latest Qtr)
$0.68
EPS (TTM)
$3.44

Balance Sheet & Liquidity

Debt/Equity
0.80
Quick Ratio
2.25
Current Ratio
2.71
Debt
$7.38M
Total Assets
$1.35B
Current Assets
$1.22B
Working Capital
$800.48M

Ownership

Promoter Holding
57.26%
Chg in Prom Hold
-
FII / Inst Holding
42.31%
Chg in FII Hold
-0.00%

Financial Snapshot

Enterprise Value
$1.35B
Total Revenue (TTM)
$2.89B
EBITDA
$122.53M
Free Cash Flow
$104.34M
Operating Cash Flow
$132.09M
Shares Outstanding
25.23M
Gross Margin
18.83%
Payout Ratio
18.90%

Growth (CAGR)

Revenue 5Y
-2.77%
Profit 5Y
-2.10%
Revenue (YoY)
3.00%
Earnings (YoY)
33.30%

PROS

  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Revenue declined at -2.8% CAGR over 5 years.
  • Earnings shrank at -2.1% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 CNXN PC Connection, Inc. R2K 69.59 20.23 $1.76B 1.15% 11.97% 9.73% -2.77% -2.10%
2 NVDA NVIDIA Corporation NDXSPXAI 211.14 32.38 $5.11T 0.47% 81.14% 114.29% 100.05% 201.80%
3 AAPL Apple Inc. NDXSPX 312.06 37.73 $4.58T 0.35% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 450.24 26.82 $3.34T 0.81% 26.37% 34.01% 12.42% 11.87%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 418.45 35.86 $2.17T 0.91% 32.04% 36.21% 18.94% 19.57%
6 MU Micron Technology, Inc. NDXSPXAI 971.00 45.87 $1.10T 0.06% 14.20% 39.82% 6.71% -0.57%
7 AMD Advanced Micro Devices, Inc. NDXSPXAI 516.10 172.61 $841.55B - 6.33% 8.06% 13.64% 48.64%
8 ORCL Oracle Corporation SPXAI 225.78 40.46 $649.35B 0.89% 13.07% 57.57% 10.59% 22.81%
9 ASML ASML Holding N.V. NDXAI 1,612.76 53.76 $621.59B 0.54% 43.81% 52.24% 15.55% 19.55%
Ad space

Quarterly Results

Figures in USD.

Metric Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ------670.59M749.79M729.23M762.27M624.89M706.57M658.50M709.52M632.92M741.08M729.41M716.63M711.85M550.00M652.75M675.69M636.89M704.16M751.37M788.34M828.51M775.69M727.54M733.55M693.09M632.02M736.48M--701.05M759.69M709.07M702.94M721.87M
Cost of Revenue -----------------------------------573.74M621.93M570.42M567.33M589.13M
Gross Profit 88.57M91.85M82.19M93.87M96.97M98.12M86.73M99.67M96.14M99.53M96.37M107.47M100.44M106.80M99.35M116.99M118.86M116.11M113.12M89.00M107.83M108.86M100.52M116.33M120.70M128.31M136.90M136.63M122.30M127.78M131.89M118.07M136.54M--127.31M137.77M138.65M135.61M132.74M
Operating Expenses -----------------------------------108.50M105.30M106.70M107.50M108.10M
Operating Income 21.86M22.89M15.16M21.01M22.45M21.90M11.45M22.44M21.74M21.90M15.47M24.95M18.95M26.32M17.41M32.32M32.64M29.60M20.65M10.59M21.08M19.76M14.12M23.76M27.33M30.13M34.77M31.74M18.12M25.07M32.02M13.46M30.92M--18.81M32.47M31.95M28.11M24.64M
EBITDA -----------------------------------21.91M35.37M34.84M30.96M27.44M
Interest Expense ----------------------------------------
Pretax Income -----------------------------------18.50M34.11M33.95M27.16M23.59M
Tax Provision -----------------------------------5.02M9.32M9.21M6.45M6.37M
Net Income 13.00M13.61M9.06M12.46M13.59M13.00M7.43M13.59M13.12M20.72M11.30M18.23M13.77M21.30M12.73M23.67M23.75M21.97M14.90M7.64M16.93M16.30M10.18M17.29M20.05M21.79M25.40M23.21M14.20M19.70M25.60M13.15M26.16M--13.48M24.79M24.74M20.71M17.22M
Diluted EPS 0.490.510.340.470.510.490.280.510.490.770.420.680.510.800.480.890.900.830.560.290.640.620.390.660.760.830.960.880.540.750.970.500.99--0.510.970.970.820.68

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue -------2.69B2.91B2.70B2.82B2.59B2.89B3.12B2.85B2.80B2.87B
Cost of Revenue -------------2.60B2.34B2.28B2.33B
Gross Profit 184.80M229.90M264.88M282.09M293.00M323.39M341.02M371.16M382.08M411.09M451.31M418.81M464.58M526.18M511.74M519.79M539.33M
Operating Expenses -------------398.70M399.20M415.60M427.90M
Operating Income -684.00K38.67M47.61M54.63M59.40M71.45M78.55M80.52M77.53M85.69M111.97M72.07M96.52M127.48M112.54M104.19M111.43M
EBITDA -------------139.48M125.24M117.19M123.13M
Interest Expense -----------------
Pretax Income -------------121.64M113.11M117.49M113.73M
Tax Provision -------------32.42M29.84M30.39M30.01M
Net Income -1.22M22.96M28.79M33.07M35.68M42.68M46.83M48.11M54.86M64.59M82.11M55.77M69.91M89.22M83.27M87.09M83.72M
Diluted EPS -0.050.851.071.241.351.611.761.802.042.413.102.122.653.373.153.293.27

Compounded Sales Growth

5 Years:-2.77%
1 Year:3.00%

Compounded Profit Growth

5 Years:-2.10%
1 Year:33.30%

Stock Price Performance

1 Year:+7.60%
6 Months:+19.83%
3 Months:+14.52%
1 Month:+10.13%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --420.94M468.02M468.32M500.94M539.96M639.07M686.13M747.85M805.36M937.34M1.02B-1.10B1.19B1.30B1.35B
Current Assets --------------953.79M1.05B1.17B1.22B
Cash & Equivalents 47.00M46.30M35.37M4.62M39.91M42.55M60.91M80.19M49.18M49.99M91.70M90.06M95.66M-122.93M144.95M178.32M193.22M
Inventory --------------208.68M124.18M95.05M143.57M
Receivables --------------561.86M556.54M557.86M590.17M
Total Liabilities --163.30M194.49M177.02M181.12M185.95M246.62M252.69M265.60M279.45M340.02M379.05M-333.65M347.61M388.36M440.80M
Current Liabilities --152.12M181.00M163.49M162.12M164.70M222.00M230.25M248.01M259.80M308.92M342.26M-310.52M327.96M371.20M420.39M
Long Term Debt ------------------
Total Debt --------------8.16M4.91M3.36M1.79M
Total Equity 235.32M235.27M257.64M273.53M291.30M319.83M354.01M392.45M433.44M482.25M525.90M597.31M636.33M-766.17M840.77M910.99M910.13M
Shares Outstanding --------------29.12M29.26M29.39M29.52M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 5.71M-862.00K-5.29M69.66M19.66M-30.86M33.59M19.32M86.84M36.60M36.10M-34.89M197.95M173.87M65.44M
Investing Cash Flow -5.57M-7.18M-16.05M-9.24M-7.61M--12.79M-54.88M-11.80M-21.24M-25.66M-11.03M--9.08M-160.20M-115.29M42.83M
Financing Cash Flow -849.00K-2.88M-9.42M-25.13M-9.41M-1.20M-9.72M-6.71M-23.89M-12.59M-19.47M--11.19M-15.73M-25.22M-93.37M
Capital Expenditure -5.57M-6.39M-10.86M-9.25M-7.61M-7.61M-12.34M-11.88M-11.80M-----9.08M-9.60M-7.58M-7.39M
Free Cash Flow 141.00K-7.25M-16.15M60.41M12.05M-18.52M21.70M7.52M----25.81M188.36M166.29M58.05M
Net Change in Cash -------------14.62M22.02M33.36M14.90M
Share Buybacks 425.00K2.86M3.82M7.81M-----15.38M4.48M10.22M--5.39M12.38M76.27M
Dividends Paid --10.59M10.07M10.47M10.53M-10.59M9.04M9.12M8.45M8.43M34.60M8.95M8.41M10.53M15.30M

Ratios (Annual)

Figures in %.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % -------13.8%13.1%15.2%16.0%16.2%16.1%16.8%18.0%18.6%18.8%
Operating Margin % -------3.0%2.7%3.2%4.0%2.8%3.3%4.1%3.9%3.7%3.9%
Net Margin % -------1.8%1.9%2.4%2.9%2.2%2.4%2.9%2.9%3.1%2.9%
ROE % -0.5%8.9%10.5%11.4%11.2%12.1%11.9%11.1%11.4%12.3%13.7%8.8%-11.6%9.9%9.6%9.2%
ROCE % -14.4%16.6%17.9%17.5%19.0%18.8%17.7%15.5%15.7%17.8%10.7%-16.2%13.1%11.2%12.0%

Shareholding Pattern

Insiders
57.26%
Institutions
42.31%
Public Float
99.00%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 8.81% 2.22M $154.60M
2 Dimensional Fund Advisors LP 6.05% 1.53M $106.23M
3 Vanguard Capital Management LLC 2.02% 508.64K $35.40M
4 Vanguard Portfolio Management LLC 1.95% 490.68K $34.15M
5 State Street Corporation 1.78% 450.12K $31.32M
6 Geode Capital Management, LLC 1.55% 390.99K $27.21M
7 Brown Advisory Inc. 1.35% 340.71K $23.71M
8 Morgan Stanley 0.88% 222.47K $15.48M
9 Charles Schwab Investment Management, Inc. 0.87% 220.04K $15.31M
10 Invesco Ltd. 0.86% 217.84K $15.16M

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