A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
PC CONNECTION INC
CNXN
$2.1B
Mkt Cap
$81.23
+1.50%
PC CONNECTION INC (CNXN) has a current P/E ratio of 24.8, compared to its historical median P/E of 15.8. The stock is currently considered Expensive based on its historical valuation range.
PC CONNECTION INC (CNXN) has a 5-year average return on invested capital (ROIC) of 14.1%. This indicates solid capital allocation.
PC CONNECTION INC (CNXN) has a market capitalization of $2.1B. It is classified as a mid-cap stock.
Yes, PC CONNECTION INC (CNXN) pays a dividend with a trailing twelve-month yield of 0.80%. The company also returns capital through share buybacks, with a buyback yield of 1.70%.
Based on historical P/E analysis, PC CONNECTION INC (CNXN) appears expensive. The current P/E of 24.8 is 57% above its historical median of 15.8. The estimated fair value CAGR (P/E method) is 4.7%.
PC CONNECTION INC (CNXN) operates in the Wholesale-Computers & Peripheral Equipment & Software industry, within the Consumer Cyclical sector.
PC CONNECTION INC (CNXN) reported annual revenue of $2.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
We are a Fortune 1000 Global Solutions Provider that simplifies IT, guiding the connection between people and technology. Our dedicated account managers partner with customers to design, deploy, and support cutting-edge IT environments using the latest hardware, software, and services. We provide a wide range of IT solutions, from the desktop to the cloud—including computer systems, data center solutions, security, artificial intelligence, or AI, software and peripheral equipment, networking communications, and other products and accessories that we develop internally and secure from manufacturers, distributors, and other suppliers. Our Technology Solutions and Services Organization, or TSSO, and state-of-the-art ISO 9001:2015 SOC 2 Type 2 certified Technology Integration and Distribution Center, or TIDC, offer end-to-end services related to the design, configuration, and implementation of IT solutions.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.9B | 2.9B | 2.8B | 2.9B | 3.1B | 2.9B |
| Net Income | 87M | 84M | 87M | 83M | 89M | 70M |
| EPS | $3.42 | $3.27 | $3.29 | $3.15 | $3.37 | $2.65 |
| Free Cash Flow | 124M | 58M | 166M | 188M | 35M | 57M |
| ROIC | 15.1% | 14.3% | 14.2% | 13.9% | 15.7% | 12.4% |
| Gross Margin | 18.8% | 18.8% | 18.6% | 18.0% | 16.8% | 16.1% |
| Debt/Equity | 0.00 | 0.06 | 0.00 | 0.01 | 0.01 | 0.01 |
| Dividends/Share | $0.65 | $0.60 | $0.40 | $0.32 | $0.34 | $1.00 |
| Operating Income | 105M | 99M | 97M | 103M | 121M | 97M |
| Operating Margin | 3.6% | 3.5% | 3.5% | 3.6% | 3.9% | 3.3% |
| ROE | 9.5% | 9.2% | 9.9% | 10.4% | 12.3% | 10.6% |
| Shares Outstanding | 25M | 26M | 26M | 26M | 26M | 26M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2.5B | 2.6B | 2.7B | 2.9B | 2.7B | 2.8B | 2.6B | 2.9B | 3.1B | 2.9B | 2.8B | 2.9B | 2.9B |
| Gross Margin | 13.1% | 13.2% | 13.8% | 13.1% | 15.2% | 16.0% | 16.2% | 16.1% | 16.8% | 18.0% | 18.6% | 18.8% | 18.8% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 252M | 262M | 287M | 301M | 324M | 339M | 346M | 368M | 406M | 406M | 422M | 434M | 434M |
| EBIT | 71M | 79M | 81M | 78M | 86M | 112M | 72M | 97M | 121M | 103M | 97M | 99M | 105M |
| Op. Margin | 2.9% | 3.1% | 3.0% | 2.7% | 3.2% | 4.0% | 2.8% | 3.3% | 3.9% | 3.6% | 3.5% | 3.5% | 3.6% |
| Net Income | 43M | 47M | 48M | 55M | 65M | 82M | 56M | 70M | 89M | 83M | 87M | 84M | 87M |
| Net Margin | 1.7% | 1.8% | 1.8% | 1.9% | 2.4% | 2.9% | 2.2% | 2.4% | 2.9% | 2.9% | 3.1% | 2.9% | 3.0% |
| Non-Recurring | -14K | -44K | -92K | -24K | -51K | -213K | -28K | 36K | -17K | 2.1M | 357K | 6.0M | 6.1M |
| Returns on Capital | |||||||||||||
| ROIC | 15.0% | 15.6% | 13.9% | 13.4% | 14.4% | 17.1% | 10.3% | 12.4% | 15.7% | 13.9% | 14.2% | 14.3% | 15.1% |
| ROE | 12.7% | 12.5% | 11.7% | 12.0% | 12.8% | 14.6% | 9.0% | 10.6% | 12.3% | 10.4% | 9.9% | 9.2% | 9.5% |
| ROA | 8.2% | 7.9% | 7.3% | 7.7% | 8.3% | 9.4% | 5.7% | 6.7% | 8.2% | 7.3% | 7.0% | 6.3% | 6.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 35M | 31M | 34M | 19M | 87M | 37M | 36M | 58M | 35M | 198M | 174M | 65M | 132M |
| Free Cash Flow | 28M | 19M | 22M | 7.5M | 84M | 35M | 36M | 57M | 35M | 188M | 166M | 58M | 124M |
| Owner Earnings | 27M | 22M | 23M | 8.3M | 73M | 23M | 21M | 43M | 18M | 179M | 154M | 46M | 112M |
| CapEx | 7.6M | 12M | 12M | 12M | 2.4M | 1.5M | 442K | 334K | 192K | 9.6M | 7.6M | 7.4M | 7.7M |
| Maint. CapEx | 7.2M | 8.2M | 9.2M | 10M | 13M | 12M | 12M | 11M | 11M | 11M | 12M | 10M | 10M |
| Growth CapEx | 418K | 4.1M | 2.7M | 1.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 7.2M | 8.2M | 9.2M | 10M | 13M | 12M | 12M | 11M | 11M | 11M | 12M | 10M | 10M |
| CapEx/OCF | 21.5% | 40.0% | 35.4% | 3.6% | 2.8% | 4.0% | 1.2% | 0.6% | 0.6% | 0.0% | 4.4% | 11.3% | 5.8% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 11M | 11M | 9.0M | 9.1M | 8.5M | 8.4M | 8.4M | 26M | 8.9M | 8.4M | 11M | 15M | 16M |
| Dividend Yield | 2.1% | 1.9% | 1.5% | 1.4% | 1.1% | 0.9% | 0.8% | 2.2% | 0.7% | 0.7% | 0.6% | 0.9% | 0.8% |
| Share Buybacks | 0 | 0 | 0 | 0 | 15M | 4.5M | 10M | 0 | 0 | 5.4M | 12M | 76M | 35M |
| Buyback Yield | N/A | N/A | N/A | N/A | 2.1% | 0.4% | 0.9% | N/A | N/A | 0.3% | 0.7% | 5.0% | 1.7% |
| Stock-Based Comp | 929K | 994K | 1.0M | 741K | 1.1M | 1.9M | 2.7M | 4.2M | 5.7M | 7.0M | 8.5M | 9.3M | 9.8M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -61M | -80M | -49M | -50M | -92M | -75M | -82M | -98M | -211M | -292M | -439M | -355M | -411M |
| Cash & Equiv. | 61M | 80M | 49M | 50M | 92M | 90M | 96M | 108M | 123M | 145M | 178M | 193M | 411M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.00 | 0.06 | 0.00 |
| Interest Coverage | 830.9 | 714.1 | 1298.7 | 791.1 | 590.9 | 1046.5 | 673.6 | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 354M | 392M | 433M | 482M | 526M | 597M | 636M | 682M | 766M | 841M | 911M | 910M | 922M |
| Total Assets | 540M | 639M | 686M | 748M | 805M | 937M | 1.0B | 1.1B | 1.1B | 1.2B | 1.3B | 1.4B | 1.4B |
| Total Liabilities | 186M | 247M | 253M | 266M | 279M | 340M | 379M | 401M | 334M | 348M | 388M | 441M | 503M |
| Intangibles | 2.0M | 1.2M | 12M | 11M | 9.6M | 8.3M | 7.1M | 5.9M | 4.6M | 3.4M | 2.2M | 989K | 684K |
| Retained Earnings | 263M | 299M | 338M | 384M | 441M | 515M | 562M | 606M | 686M | 761M | 837M | 906M | 918M |
| Working Capital | 293M | 331M | 329M | 368M | 409M | 467M | 517M | 558M | 643M | 721M | 796M | 800M | 813M |
| Current Assets | 458M | 553M | 559M | 616M | 669M | 776M | 859M | 932M | 954M | 1.0B | 1.2B | 1.2B | 1.3B |
| Current Liabilities | 165M | 222M | 230M | 248M | 260M | 309M | 342M | 375M | 311M | 328M | 371M | 420M | 477M |
| Per Share Data | |||||||||||||
| EPS | 1.61 | 1.76 | 1.80 | 2.04 | 2.41 | 3.10 | 2.12 | 2.65 | 3.37 | 3.15 | 3.29 | 3.27 | 3.42 |
| Owner EPS | 1.03 | 0.81 | 0.87 | 0.31 | 2.73 | 0.86 | 0.80 | 1.61 | 0.70 | 6.79 | 5.80 | 1.78 | 4.44 |
| Book Value | 13.35 | 14.75 | 16.22 | 17.93 | 19.62 | 22.55 | 24.19 | 25.87 | 28.94 | 31.80 | 34.41 | 35.55 | 36.46 |
| Cash Flow/Share | 1.34 | 1.16 | 1.26 | 0.72 | 3.24 | 1.38 | 1.37 | 2.19 | 1.32 | 7.49 | 6.57 | 2.56 | 3.86 |
| Dividends/Share | 0.40 | 0.40 | 0.34 | 0.34 | 0.32 | 0.32 | 0.32 | 1.00 | 0.34 | 0.32 | 0.40 | 0.60 | 0.65 |
| Shares Out. | 26.5M | 26.6M | 26.7M | 26.9M | 26.8M | 26.5M | 26.3M | 26.4M | 26.5M | 26.4M | 26.5M | 25.6M | 25.3M |
| Valuation | |||||||||||||
| P/E Ratio | 14.3 | 11.6 | 14.2 | 12.0 | 11.3 | 15.5 | 20.3 | 16.2 | 13.3 | 21.3 | 20.9 | 18.2 | 23.7 |
| P/FCF | 21.9 | 29.3 | 31.4 | 87.6 | 8.7 | 36.3 | 31.8 | 19.7 | 34.2 | 9.4 | 10.9 | 26.2 | 16.5 |
| EV/EBIT | 7.7 | 5.9 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 15.6 |
| Price/Book | 1.7 | 1.4 | 1.6 | 1.4 | 1.4 | 2.1 | 1.8 | 1.7 | 1.5 | 2.1 | 2.0 | 1.7 | 2.2 |
| Price/Sales | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.5 | 0.6 | 0.6 | 0.7 |
| FCF Yield | 4.6% | 3.4% | 3.2% | 1.1% | 11.5% | 2.8% | 3.1% | 5.1% | 2.9% | 10.6% | 9.2% | 3.8% | 6.1% |
| Market Cap | 609M | 543M | 681M | 658M | 732M | 1.3B | 1.1B | 1.1B | 1.2B | 1.8B | 1.8B | 1.5B | 2.1B |
| Avg. Price | 18.96 | 20.78 | 22.30 | 24.82 | 28.81 | 35.74 | 41.60 | 44.59 | 46.52 | 48.76 | 66.92 | 63.15 | 81.23 |
| Year-End Price | 22.97 | 20.42 | 25.50 | 24.48 | 27.32 | 48.14 | 43.08 | 42.83 | 44.84 | 67.11 | 68.60 | 59.47 | 81.23 |
PC CONNECTION INC passes 5 of 9 quality checks, suggesting mixed fundamentals.
PC CONNECTION INC trades at 24.8x trailing earnings, compared to its 15-year median P/E of 15.8x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 35.3x vs a median of 28.8x. The company's 5-year average ROIC is 14.1% with a gross margin of 17.6%. Total shareholder yield (dividends + buybacks) is 2.5%. At current prices, the estimated annualized return to fair value is +20.6%.
PC CONNECTION INC (CNXN) has a net profit margin of 2.9%. This is a modest margin.
PC CONNECTION INC (CNXN) generated $58 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
PC CONNECTION INC (CNXN) has a debt-to-equity ratio of 0.06. This indicates a conservatively financed balance sheet.
PC CONNECTION INC (CNXN) reported earnings per share (EPS) of $3.27 in its most recent fiscal year.
PC CONNECTION INC (CNXN) has a return on equity (ROE) of 9.2%. This indicates moderate shareholder returns.
PC CONNECTION INC (CNXN) has a 5-year average gross margin of 17.6%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for PC CONNECTION INC (CNXN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
PC CONNECTION INC (CNXN) has a book value per share of $35.55, based on its most recent annual SEC filing.