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CNXN Financials Pc Connection Inc

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 2.1% per year over the past 5 years.
  • Net income has grown faster than revenue (8.5% vs 2.1% per year).
  • Operating margin has been roughly flat, at 3.5% in the latest year.
  • Free cash flow has declined 44.5% per year over the past 5 years.

Shareholder returns

  • Dividends have been paid for 10 consecutive years, consuming 18.3% of earnings and 26.4% of free cash flow.
  • The dividend has grown 12.7% per year over the past 5 years.
Revenue & net income
$0 $2B $3B 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 9% 19% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
0% 7% 14% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$16M $86M $188M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $97M $193M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$160M $19M $198M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $2.9B $84M 18.8% 3.5% 9.2% 6.2% $58M — $193M
2024 $2.8B $87M 18.6% 3.5% 9.6% 6.7% $166M — $178M
2023 $2.9B $83M 18.0% 3.6% 9.9% 7.0% $188M — $145M
2022 $3.1B $89M 16.8% 3.9% 11.6% 8.1% — — $123M
2021 $2.9B $70M 16.1% 3.3% 10.2% 6.5% — — $108M
2020 $2.6B $56M 16.2% 2.8% 8.8% 5.5% — — $96M
2019 $2.8B $82M 16.0% 4.0% 13.7% 8.8% — — $90M
2018 $2.7B $65M 15.2% 3.2% 12.3% 8.0% — — $92M
2017 $2.9B $55M 13.1% 2.7% 11.4% 7.3% $8M — $50M
2016 $2.7B $48M 13.8% 3.0% 11.1% 7.0% $22M — $49M
2015 — $47M — — 11.9% 7.3% $19M — $80M
2014 — $43M — — 12.1% 7.9% — — $61M
2013 — $36M — — 11.2% 7.1% $12M — $43M
2012 — $33M — — 11.4% 7.1% $60M — $40M
2011 — $29M — — 10.5% 6.2% -$16M — $5M

Valuation over time

How the market has priced CNXN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 13.6 27.2 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 0.4 0.8 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S
Dividend yield (%)
0.0 0.5 1.0 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
Dividend yield %

Frequently asked questions

Is CNXN growing its revenue and profit?

Over the past 5 years, Pc Connection Inc's revenue has grown 2.1% per year, and net income grown 8.5% per year. These are computed facts, not advice.

How much debt does CNXN have?

As of FY2025, Pc Connection Inc reported — of total debt against $193M of cash.

What is CNXN's profit margin?

In FY2025, gross margin was 18.8%, operating margin 3.5%, and net margin 2.9%.

What is CNXN's P/E ratio?

Pc Connection Inc's P/E (TTM) is 21.37 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the CNXN stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 26.2× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.