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PC Connection Inc (CNXN) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

TECHNOLOGY · ELECTRONICS & COMPUTER DISTRIBUTION · DATA UPDATED 2026-09-12

PC Connection Inc (CNXN) operates in the ELECTRONICS & COMPUTER DISTRIBUTION industry and is headquartered in Merrimack, United States with about 2,525 employees. Its market capitalization is roughly $2 billion. In the fiscal year ended 2025-12-31, CNXN reported $2.9B in revenue and $84M in net income.

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.

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CNXN Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Total Revenue$3.0B$2.9B$2.8B$2.9B$3.1B$2.9B$2.6B$2.8B$2.7B$2.9B$2.7B$2.6B$2.5B$2.2B$2.2B$2.1B$2.0B$1.6B$1.8B$1.8B$1.6B
Gross Profit$564M$539M$520M$512M$526M$465M$419M$451M$411M$382M$371M$341M$323M$293M$282M$265M$230M$185M$215M$219M$200M
Gross Margin %18.9%18.8%18.6%17.9%16.8%16.1%16.2%16.0%15.2%13.1%13.8%13.2%13.1%13.2%13.1%12.6%11.7%11.8%12.2%12.3%12.2%
Operating Income (EBIT)$126M$102M$97M$103M$121M$97M$72M$112M$86M$78M$81M$79M$71M$59M$55M$48M$39M($1M)$18M$37M$24M
Operating Margin %4.2%3.6%3.5%3.6%3.9%3.3%2.8%4.0%3.2%2.7%3.0%3.0%2.9%2.7%2.5%2.3%2.0%-0.0%1.0%2.1%1.5%
Net Income$96M$84M$87M$83M$89M$70M$56M$82M$65M$55M$48M$47M$43M$36M$33M$29M$23M($1M)$10M$23M$14M
Net Margin %3.2%2.9%3.1%2.9%2.9%2.4%2.1%2.9%2.4%1.9%1.8%1.8%1.7%1.6%1.5%1.4%1.2%-0.1%0.6%1.3%0.8%
EBITDA$143M$128M$110M$118M$133M$109M$87M$126M$103M$93M$91M$88M$80M$66M$62M$54M$44M$7M$26M$44M$33M
Earnings Per Share (EPS)$3.78$3.27$3.29$3.15$3.37$2.65$2.12$3.10$2.41$2.04$1.80$1.76$1.61$1.35$1.24$1.07$0.85$-0.05$0.39$0.85$0.54
Shares Outstanding (M)25M26M27M26M26M26M26M27M27M27M27M27M27M26M27M27M27M27M27M27M26M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CNXN Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$854M$722M$703M$709M$760M$701M$709M$725M
Gross Profit$157M$133M$136M$139M$138M$127M$130M$135M
Gross Margin %18.4%18.4%19.3%19.6%18.1%18.2%18.3%18.7%
Operating Income (EBIT)$45M$25M$27M$30M$31M$15M$23M$30M
Operating Margin %5.2%3.4%3.8%4.3%4.1%2.1%3.2%4.2%
Net Income$33M$17M$21M$25M$25M$13M$21M$27M
Net Margin %3.9%2.4%2.9%3.5%3.3%1.9%2.9%3.7%
EBITDA$47M$26M$30M$40M$34M$21M$26M$33M
Earnings Per Share (EPS)$1.31$0.68$0.82$0.97$0.97$0.51$0.78$1.02
Shares Outstanding (M)25M25M25M25M26M26M26M27M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CNXN Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Cash from Operations (CFO)$42M$65M$174M$198M$35M$58M$36M$37M$87M$19M$34M$31M$35M$20M$70M($5M)($1M)$6M$45M$0M$26M
Capital Expenditures (CapEx)$8M$7M$8M$10M$9M$10M$11M$26M$21M$12M$12M$13M$8M$8M$9M$16M$7M$6M$10M$7M$8M
Free Cash Flow (FCF)$34M$58M$166M$188M$26M$47M$25M$11M$66M$8M$22M$18M$28M$12M$60M($21M)($8M)$0M$35M($7M)$18M
FCF Margin %1.1%2.0%5.9%6.6%0.8%1.6%1.0%0.4%2.4%0.3%0.8%0.7%1.1%0.5%2.8%-1.0%-0.4%0.0%2.0%-0.4%1.1%
Dividends Paid$18M$15M$11M$8M$9M$35M$8M$8M$9M$9M$11M$11M$11M$10M$10M$11M$10M$23M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CNXN Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)($64M)$14M$27M$64M$26M($52M)$25M$53M
Capital Expenditures (CapEx)$2M$2M$2M$2M$2M$2M$2M$2M
Free Cash Flow (FCF)($66M)$12M$25M$62M$25M($54M)$23M$51M
FCF Margin %-7.7%1.7%3.6%8.8%3.2%-7.7%3.2%7.1%
Dividends Paid$5M$5M$4M$4M$4M$4M$3M$3M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CNXN Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Total Assets$1.4B$1.4B$1.3B$1.2B$1.1B$1.1B$1.0B$947M$805M$748M$686M$639M$540M$501M$468M$468M$421M$401M$378M$381M$347M
Cash & Cash Equivalents$124M$193M$178M$145M$123M$108M$96M$90M$92M$50M$49M$80M$61M$43M$40M$5M$35M$46M$47M$14M$18M
Total Liabilities$475M$441M$388M$348M$334M$401M$391M$349M$279M$266M$253M$247M$186M$181M$177M$194M$163M$166M$143M$157M$150M
Total Debt (Short + Long-Term)$1M$0M$2M$2M$3M$3M$4M$4M$0M$0M$0M$0M$0M$0M$1M$8M$3M$4M$5M$5M$6M
Total Shareholders' Equity$953M$910M$911M$841M$766M$682M$636M$597M$526M$482M$433M$392M$354M$320M$291M$274M$258M$235M$235M$224M$197M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive CNXN viewer.

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