PC Connection, Inc.
NASDAQ•CNXN
CEO: Ms. Patricia Gallup
Sector: Technology
Industry: Technology Distributors
Listing Date: 1998-03-03
PC Connection, Inc., together with its subsidiaries, provides various information technology (IT) solutions worldwide. The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions. It offers IT solutions, including computer systems, data center solutions, software and peripheral equipment, networking communications, and other products and accessories; and portfolio of managed services and professional services, as well as provides services related to design, configuration, and implementation of IT solutions. The company markets its products and services through its websites comprising connection.com, connection.com/enterprise, connection.com/publicsector, and macconnection.com. It serves small to medium-sized businesses that include small office/home office customers; federal, state, and local government and educational institutions; enterprise sutomers; medium-to-large sorporations through outbound inside and field sales; digital, web, and print media advertising; and targeted marketing program to specific customer populations. The company was founded in 1982 and is headquartered in Merrimack, New Hampshire.
Contact Information
Market Cap
$1.51B
P/E (TTM)
18.0
19.9
Dividend Yield
1.1%
52W High
$71.17
52W Low
$54.97
52W Range
Rank25Top 11.9%
5.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$702.94M+0.00%
4-Quarter Trend
EPS
$0.82+0.00%
4-Quarter Trend
FCF
$25.23M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Net Sales Growth Total net sales $2,872.7M for 2025, marking 2.5% growth driven by Enterprise and Business Solutions.
Gross Margin Improvement Overall gross margin increased 20 basis points to 18.8% due to higher-margin software sales recognition.
Operating Income Stability Income from operations $99.3M, maintaining 3.5% margin despite $6.0M in 2025 severance expenses.
Segment Sales Mix Shift Enterprise Solutions grew to 44.6% of net sales in 2025, while Public Sector Solutions decreased to 17.7%.
Risk Factors
Cash Flow Decline Net cash from operations fell $108.4M to $65.5M, driven by inventory purchases and accounts receivable timing.
Inventory Obsolescence Risk Rapid IT changes and increased first-to-market purchases raise risk of inventory obsolescence losses.
Vendor Supply Chain Concentration Top vendors TD Synnex, Ingram Micro, and Microsoft account for 59% of total product purchases.
Public Sector Sales Contraction Public Sector Solutions net sales decreased 11.1% ($63.3M) due to reduced state and local government spending.
Outlook
AI and Service Expansion Investing in AI capabilities via CNXN Helix effort and expanding higher-margin IT solution service offerings.
Sales Productivity Focus Increasing sales force productivity through significant investment in training and technical support personnel.
Cloud Solution Migration Plan to expand cloud-based solution sales, leveraging Microsoft Azure Expert MSP designation.
Capital Allocation Strategy Expect cash flow to fund working capital, CapEx, dividends, and potential accretive acquisitions moving forward.
Peer Comparison
Revenue (TTM)
$3.02B
$2.87B
$2.76B
Gross Margin (Latest Quarter)
92.2%
77.0%
72.5%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| LASR | $3.49B | -135.9 | -10.7% | 11.4% |
| ADEA | $2.50B | 22.4 | 26.3% | 41.9% |
| PLAB | $1.98B | 14.2 | 11.8% | 0.0% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.1%
Moderate Growth
4Q Net Income CAGR
15.4%
Profitability Improved
Cash Flow Stability
75%
Volatile Cash Flow
Deep Research
Next earnings:Apr 28, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
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No Data