PC Connection (CNXN) Financials

$60.24 -0.30 (-0.50%)

Closing price 04:00 PM Eastern

Extended Trading

$60.23 -0.01 (-0.02%)

As of 04:20 PM Eastern

Annual Income Statements for PC Connection

This table shows PC Connection's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	43	47	48	55	65	82	56	70	89	83	87
Consolidated Net Income / (Loss)	43	47	48	55	65	82	56	70	89	83	87
Net Income / (Loss) Continuing Operations	43	47	48	55	65	82	56	70	89	83	87
Total Pre-Tax Income	71	78	80	78	89	113	73	97	122	113	117
Total Operating Income	71	79	81	78	86	112	72	97	121	103	97
Total Gross Profit	323	341	371	382	411	451	419	465	526	512	520
Total Revenue	2,463	2,574	2,693	2,912	2,699	2,820	2,590	2,893	3,125	2,851	2,802
Operating Revenue	2,463	2,574	2,693	2,912	2,699	2,820	2,590	2,893	3,125	2,851	2,802
Total Cost of Revenue	2,140	2,233	2,321	2,530	2,288	2,369	2,171	2,428	2,599	2,339	2,282
Operating Cost of Revenue	2,140	2,233	2,321	2,530	2,288	2,369	2,171	2,428	2,599	2,339	2,282
Total Operating Expenses	252	262	291	305	325	339	347	368	406	409	423
Selling, General & Admin Expense	252	262	287	301	324	339	346	368	406	406	422
Restructuring Charge	-	-	3.41	3.64	0.97	0.70	0.99	0.00	0.00	2.69	0.42
Total Other Income / (Expense), net	-0.09	-0.09	-0.07	0.10	2.98	0.71	1.12	0.01	1.08	9.96	20
Interest & Investment Income	-	-	-	-	3.12	-	-	-	1.08	9.96	19
Other Income / (Expense), net	-	-	-0.07	0.10	0.00	0.71	1.12	0.01	0.00	0.00	1.70
Income Tax Expense	29	32	32	23	24	31	17	27	32	30	30
Basic Earnings per Share	$1.63	$1.77	$1.81	$2.05	$2.42	$3.12	$2.13	$2.67	$3.40	$3.17	$3.31
Weighted Average Basic Shares Outstanding	26.25M	26.40M	26.53M	26.77M	26.72M	26.34M	26.16M	26.20M	26.28M	26.29M	26.32M
Diluted Earnings per Share	$1.61	$1.76	$1.80	$2.04	$2.41	$3.10	$2.12	$2.65	$3.37	$3.15	$3.29
Weighted Average Diluted Shares Outstanding	26.51M	26.62M	26.72M	26.89M	26.85M	26.51M	26.34M	26.36M	26.44M	26.43M	26.51M
Weighted Average Basic & Diluted Shares Outstanding	26.20M	26.50M	26.60M	26.80M	26.70M	26.34M	26.17M	26.26M	26.31M	26.36M	26.16M

This table shows PC Connection's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	23	19	14	20	26	24	13	26	27	21
Consolidated Net Income / (Loss)	23	19	14	20	26	24	13	26	27	21
Net Income / (Loss) Continuing Operations	23	19	14	20	26	24	13	26	27	21
Total Pre-Tax Income	32	25	19	27	35	32	18	36	37	27
Total Operating Income	32	24	18	25	32	28	13	31	30	23
Total Gross Profit	137	124	122	128	132	130	118	137	135	130
Total Revenue	776	732	728	734	693	696	632	736	725	709
Operating Revenue	776	732	728	734	693	696	632	736	725	709
Total Cost of Revenue	639	608	605	606	561	567	514	600	589	579
Operating Cost of Revenue	639	608	605	606	561	567	514	600	589	579
Total Operating Expenses	105	100	104	103	100	102	105	106	105	107
Selling, General & Admin Expense	105	100	103	101	100	102	105	105	105	107
Total Other Income / (Expense), net	0.31	0.76	1.29	1.87	2.69	4.11	4.57	4.65	6.54	4.67
Income Tax Expense	8.84	5.85	5.21	7.25	9.11	8.28	4.88	9.41	9.52	6.59
Basic Earnings per Share	$0.88	$0.72	$0.54	$0.75	$0.97	$0.91	$0.50	$0.99	$1.03	$0.79
Weighted Average Basic Shares Outstanding	26.28M	26.28M	26.33M	26.26M	26.26M	26.29M	26.36M	26.35M	26.29M	26.32M
Diluted Earnings per Share	$0.88	$0.70	$0.54	$0.75	$0.97	$0.89	$0.50	$0.99	$1.02	$0.78
Weighted Average Diluted Shares Outstanding	26.46M	26.44M	26.44M	26.37M	26.43M	26.43M	26.53M	26.52M	26.50M	26.51M
Weighted Average Basic & Diluted Shares Outstanding	26.29M	26.31M	26.28M	26.26M	26.27M	26.36M	26.36M	26.29M	26.29M	26.16M

This table details how cash moves in and out of PC Connection's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	18	19	-31	0.81	42	-1.64	5.60	13	15	22	33
Net Cash From Operating Activities	35	31	34	19	87	37	36	58	35	198	174
Net Cash From Continuing Operating Activities	35	31	34	19	87	37	36	58	35	198	174
Net Income / (Loss) Continuing Operations	43	47	48	55	65	82	56	70	89	83	87
Consolidated Net Income / (Loss)	43	47	48	55	65	82	56	70	89	83	87
Depreciation Expense	8.09	8.96	10	12	14	13	14	12	12	13	13
Amortization Expense	-	-	-	-	-	-	-	0.00	0.00	-1.52	-4.24
Non-Cash Adjustments To Reconcile Net Income	1.77	1.58	0.99	2.42	2.81	2.10	4.95	7.50	8.94	9.44	10
Changes in Operating Assets and Liabilities, net	-17	-27	-26	-50	5.37	-61	-38	-32	-75	94	68
Net Cash From Investing Activities	-7.60	-13	-55	-12	-21	-26	-11	-8.73	-9.08	-160	-115
Net Cash From Continuing Investing Activities	-7.60	-13	-55	-12	-21	-26	-11	-8.73	-9.08	-160	-115
Purchase of Property, Plant & Equipment	-7.61	-12	-12	-12	-21	-26	-11	-10	-9.08	-9.60	-7.58
Purchase of Investments	-	-	-	-	-	-	-	0.00	0.00	-151	-358
Sale and/or Maturity of Investments	-	-	-	-	-	-	-	-	0.00	0.00	251
Net Cash From Financing Activities	-9.44	1.20	-9.72	-6.71	-24	-13	-19	-36	-11	-16	-25
Net Cash From Continuing Financing Activities	-9.44	1.20	-9.72	-6.71	-24	-13	-19	-36	-11	-16	-25
Repayment of Debt	-	-	-	-	-0.86	-	0.00	0.00	-36	-88	-26
Repurchase of Common Equity	-	-	-	-	-15	-4.48	-10	0.00	0.00	-5.39	-12
Payment of Dividends	-11	-	-11	-9.04	-9.12	-8.45	-8.43	-35	-8.95	-8.41	-11
Issuance of Debt	-	-	-	-	0.86	-	0.00	0.00	36	88	26
Issuance of Common Equity	0.75	0.88	0.96	1.20	1.25	1.25	0.54	0.00	0.00	1.09	1.11
Other Financing Activities, net	0.33	0.33	-0.09	1.14	-0.64	-0.91	-1.36	-1.77	-2.24	-3.02	-3.42
Cash Interest Paid	-	-	-	-	-	-	0.00	0.00	0.00	0.02	0.01
Cash Income Taxes Paid	24	30	30	29	20	28	19	21	34	42	29

This table details how cash moves in and out of PC Connection's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	21	6.74	12	109	-3.47	-96	2.63	-19	39	11
Net Cash From Operating Activities	24	19	20	116	50	12	57	38	53	25
Net Cash From Continuing Operating Activities	24	19	20	116	50	12	57	38	53	25
Net Income / (Loss) Continuing Operations	23	19	14	20	26	24	13	26	27	21
Consolidated Net Income / (Loss)	23	19	14	20	26	24	13	26	27	21
Depreciation Expense	3.02	2.98	3.07	3.09	3.29	3.20	3.27	3.27	3.28	3.17
Amortization Expense	-	-	0.00	-	-	-1.52	-2.32	-3.27	1.19	0.17
Non-Cash Adjustments To Reconcile Net Income	2.30	2.20	2.23	3.13	2.44	1.64	2.24	2.40	2.43	3.37
Changes in Operating Assets and Liabilities, net	-4.44	-4.80	0.01	90	19	-15	41	9.82	19	-2.18
Net Cash From Investing Activities	-2.41	-2.10	-1.88	-2.98	-51	-104	-52	-52	-6.26	-5.60
Net Cash From Continuing Investing Activities	-2.41	-2.10	-1.88	-2.98	-51	-104	-52	-52	-6.26	-5.60
Purchase of Property, Plant & Equipment	-2.41	-2.10	-1.88	-2.98	-2.50	-2.24	-1.61	-1.82	-1.79	-2.36
Purchase of Investments	-	-	0.00	-	-49	-102	-100	-103	-52	-103
Sale and/or Maturity of Investments	-	-	0.00	-	-	-	50	53	47	100
Net Cash From Financing Activities	-0.38	-10	-5.74	-3.79	-2.50	-3.70	-3.05	-5.94	-7.39	-8.84
Net Cash From Continuing Financing Activities	-0.38	-10	-5.74	-3.79	-2.50	-3.70	-3.05	-5.94	-7.39	-8.84
Repayment of Debt	-10	-	-59	-8.59	-2.98	-17	-8.35	-2.21	-15	-0.85
Repurchase of Common Equity	-	-	-3.42	-1.97	-	-	-0.19	-3.43	-4.12	-4.64
Payment of Dividends	-	-8.95	-2.11	-2.10	-2.10	-2.10	-2.64	-2.64	-2.63	-2.63
Issuance of Debt	10	-	59	8.59	2.98	17	8.35	2.21	15	0.85
Issuance of Common Equity	-	-	-	-	-	0.55	-	-	-	0.57
Other Financing Activities, net	-0.38	-1.41	-0.21	-0.26	-0.40	-2.15	-0.23	-0.41	-0.64	-2.14
Cash Interest Paid	0.00	-	0.02	0.00	0.00	0.01	0.00	0.00	0.00	0.00
Cash Income Taxes Paid	9.25	2.93	7.28	20	6.84	7.42	0.64	17	6.59	4.76

This table presents PC Connection's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	540	639	686	568	805	937	1,015	1,083	1,100	1,188	1,299
Total Current Assets	458	553	559	562	669	776	859	932	954	1,049	1,167
Cash & Equivalents	61	80	49	-	92	90	96	108	123	145	178
Short-Term Investments	-	-	-	-	-	-	-	-	0.00	152	264
Accounts Receivable	293	356	412	450	448	550	611	608	610	607	611
Inventories, net	91	103	91	107	119	125	141	207	209	124	95
Prepaid Expenses	5.33	4.25	5.45	5.74	9.66	11	11	10	12	16	15
Current Deferred & Refundable Income Taxes	7.96	9.48	2.12	-	0.92	1.39	-	-	0.00	4.35	2.39
Plant, Property, & Equipment, net	28	32	39	0.00	52	64	62	61	59	57	53
Total Noncurrent Assets	54	54	88	5.64	84	97	95	90	87	83	80
Goodwill	51	51	74	-	74	74	74	74	74	74	74
Intangible Assets	1.95	1.67	13	-	9.56	8.31	7.09	5.87	4.65	3.43	2.21
Other Noncurrent Operating Assets	0.72	1.05	1.37	5.64	1.21	15	14	10	8.61	6.05	4.17
Total Liabilities & Shareholders' Equity	540	639	686	647	805	937	1,015	1,083	1,100	1,188	1,299
Total Liabilities	186	247	253	264	279	340	379	401	334	348	388
Total Current Liabilities	165	222	230	248	260	309	342	375	311	328	371
Accounts Payable	125	167	178	194	202	236	267	282	233	264	300
Accrued Expenses	22	36	31	31	34	45	58	62	54	44	48
Current Employee Benefit Liabilities	18	19	21	23	24	28	18	31	24	20	23
Total Noncurrent Liabilities	21	25	22	16	20	31	37	26	23	20	17
Noncurrent Deferred & Payable Income Tax Liabilities	19	22	20	16	17	20	19	19	18	16	15
Other Noncurrent Operating Liabilities	2.45	3.01	2.84	-	2.47	11	18	7.00	5.16	3.81	2.07
Total Equity & Noncontrolling Interests	354	392	433	384	526	597	636	682	766	841	911
Total Preferred & Common Equity	354	392	433	482	526	597	636	682	766	841	911
Total Common Equity	354	392	433	384	526	597	636	682	766	841	911
Common Stock	107	109	111	-	116	118	120	123	126	131	137
Retained Earnings	263	299	338	384	441	515	562	606	686	761	837
Treasury Stock	-16	-16	-16	-	-31	-36	-46	-46	-46	-51	-64
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	-	-	-	0.00	0.08	0.17

This table presents PC Connection's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,134	1,118	1,164	1,181	1,161	1,283	1,286
Total Current Assets	986	974	1,022	1,041	1,023	1,148	1,152
Cash & Equivalents	116	135	244	241	148	128	168
Short-Term Investments	-	-	-	49	204	258	262
Accounts Receivable	647	622	593	588	527	599	585
Inventories, net	213	199	160	142	124	137	114
Prepaid Expenses	10	18	17	14	17	17	17
Current Deferred & Refundable Income Taxes	-	-	9.02	7.39	3.32	9.28	7.09
Plant, Property, & Equipment, net	60	58	58	58	56	54	53
Total Noncurrent Assets	88	86	84	83	82	82	81
Goodwill	74	74	74	74	74	74	74
Intangible Assets	4.95	4.34	4.04	3.73	3.12	2.82	2.51
Other Noncurrent Operating Assets	9.40	7.62	0.92	0.82	5.45	5.18	4.65
Total Liabilities & Shareholders' Equity	1,134	1,118	1,164	1,181	1,161	1,283	1,286
Total Liabilities	378	342	370	362	308	409	388
Total Current Liabilities	353	318	347	340	290	389	367
Accounts Payable	259	239	277	265	219	317	293
Accrued Expenses	63	55	50	49	48	49	46
Current Employee Benefit Liabilities	31	24	20	26	23	23	28
Total Noncurrent Liabilities	25	23	23	22	19	20	21
Noncurrent Deferred & Payable Income Tax Liabilities	19	18	18	18	16	17	18
Other Noncurrent Operating Liabilities	5.82	5.30	0.68	0.65	2.78	2.50	2.55
Total Equity & Noncontrolling Interests	756	776	794	819	853	875	897
Total Preferred & Common Equity	756	776	794	819	853	875	897
Total Common Equity	756	776	794	819	853	875	897
Common Stock	126	128	130	131	133	135	137
Retained Earnings	676	698	716	739	771	795	819
Treasury Stock	-46	-49	-51	-51	-52	-55	-59
Accumulated Other Comprehensive Income / (Loss)	-	-	-	0.15	-0.06	-0.10	0.48

This table displays calculated financial ratios and metrics derived from PC Connection's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.88%	4.49%	4.61%	8.14%	-7.29%	4.47%	-8.15%	11.67%	8.03%	-8.78%	-1.70%
EBITDA Growth	19.65%	10.02%	3.87%	-1.59%	11.50%	26.31%	-31.11%	25.26%	21.90%	-13.77%	-5.93%
EBIT Growth	20.30%	9.94%	2.42%	-3.52%	10.38%	31.50%	-35.04%	31.87%	24.90%	-14.43%	-4.26%
NOPAT Growth	19.46%	9.70%	2.71%	13.78%	13.94%	30.72%	-32.70%	27.30%	26.50%	-14.12%	-5.25%
Net Income Growth	19.61%	9.71%	2.74%	14.02%	17.75%	27.12%	-32.09%	25.36%	27.63%	-6.67%	4.59%
EPS Growth	19.26%	9.32%	2.27%	13.33%	18.14%	28.63%	-31.61%	25.00%	27.17%	-6.53%	4.44%
Operating Cash Flow Growth	80.09%	-12.81%	8.83%	-42.48%	349.48%	-57.85%	-1.38%	59.99%	-39.59%	467.38%	-12.17%
Free Cash Flow Firm Growth	147.50%	2.97%	-186.05%	668.79%	-150.41%	112.50%	151.53%	69.43%	-46.88%	807.85%	-16.20%
Invested Capital Growth	5.70%	6.54%	23.06%	-21.04%	43.11%	16.82%	6.59%	6.19%	12.03%	-15.49%	-13.83%
Revenue Q/Q Growth	2.16%	2.13%	1.94%	0.93%	-1.92%	0.25%	-1.56%	4.50%	-2.12%	-1.25%	0.45%
EBITDA Q/Q Growth	4.92%	3.64%	-0.52%	0.38%	5.20%	2.79%	-9.00%	10.43%	-5.54%	2.45%	-1.78%
EBIT Q/Q Growth	5.48%	3.70%	-1.30%	0.12%	5.44%	3.67%	-10.65%	12.21%	-6.01%	4.07%	-3.52%
NOPAT Q/Q Growth	5.18%	3.70%	-1.27%	16.25%	-1.90%	2.96%	-10.25%	10.89%	-4.46%	3.43%	-4.70%
Net Income Q/Q Growth	5.18%	3.70%	-1.26%	16.39%	0.90%	0.82%	-9.23%	9.54%	-3.84%	6.33%	-3.39%
EPS Q/Q Growth	5.23%	3.53%	-1.64%	15.91%	1.69%	0.98%	-8.62%	8.61%	-3.99%	6.42%	-3.24%
Operating Cash Flow Q/Q Growth	396.33%	-3.01%	-25.92%	-12.84%	20.26%	-19.74%	-16.01%	4,036.88%	-46.00%	-3.37%	8.05%
Free Cash Flow Firm Q/Q Growth	1,495.72%	47.76%	-1,706.22%	9,337.05%	-236.16%	-45.21%	-16.08%	376.28%	-60.59%	-2.41%	4.63%
Invested Capital Q/Q Growth	2.72%	0.15%	6.18%	-25.56%	3.14%	4.66%	3.93%	-3.74%	0.52%	1.91%	0.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	13.13%	13.25%	13.78%	13.12%	15.23%	16.00%	16.17%	16.06%	16.84%	17.95%	18.55%
EBITDA Margin	3.23%	3.40%	3.38%	3.07%	3.70%	4.47%	3.35%	3.76%	4.24%	4.01%	3.84%
Operating Margin	2.90%	3.05%	2.99%	2.66%	3.17%	3.97%	2.78%	3.34%	3.86%	3.62%	3.46%
EBIT Margin	2.90%	3.05%	2.99%	2.67%	3.17%	4.00%	2.83%	3.34%	3.86%	3.62%	3.52%
Profit (Net Income) Margin	1.73%	1.82%	1.79%	1.88%	2.39%	2.91%	2.15%	2.42%	2.86%	2.92%	3.11%
Tax Burden Percent	59.80%	59.68%	59.80%	70.67%	72.85%	72.87%	76.19%	72.42%	73.35%	73.62%	74.13%
Interest Burden Percent	99.88%	99.89%	100.00%	100.00%	103.48%	100.00%	100.00%	100.00%	100.90%	109.66%	118.96%
Effective Tax Rate	40.20%	40.32%	40.20%	29.33%	27.15%	27.13%	23.81%	27.58%	26.65%	26.38%	25.87%
Return on Invested Capital (ROIC)	14.98%	15.49%	13.83%	15.93%	16.93%	17.33%	10.48%	12.54%	14.53%	12.80%	14.22%
ROIC Less NNEP Spread (ROIC-NNEP)	15.08%	15.56%	13.89%	15.83%	14.42%	16.77%	9.56%	12.54%	13.84%	9.31%	10.13%
Return on Net Nonoperating Assets (RNNOA)	-2.32%	-2.94%	-2.18%	-2.53%	-2.74%	-2.71%	-1.44%	-1.94%	-2.21%	-2.43%	-4.28%
Return on Equity (ROE)	12.67%	12.55%	11.65%	13.41%	14.18%	14.62%	9.04%	10.60%	12.32%	10.36%	9.94%
Cash Return on Invested Capital (CROIC)	9.44%	9.16%	-6.85%	39.45%	-18.54%	1.82%	4.10%	6.53%	3.18%	29.59%	29.08%
Operating Return on Assets (OROA)	13.73%	13.33%	12.14%	12.38%	12.48%	12.93%	7.50%	9.20%	11.04%	9.02%	7.94%
Return on Assets (ROA)	8.20%	7.94%	7.26%	8.75%	9.41%	9.42%	5.71%	6.66%	8.17%	7.28%	7.00%
Return on Common Equity (ROCE)	12.67%	12.55%	11.65%	13.41%	14.18%	14.62%	9.04%	10.60%	12.32%	10.36%	9.94%
Return on Equity Simple (ROE_SIMPLE)	12.06%	11.93%	11.10%	14.25%	12.28%	13.75%	8.76%	10.24%	11.64%	9.90%	9.56%
Net Operating Profit after Tax (NOPAT)	43	47	48	55	62	82	55	70	88	76	72
NOPAT Margin	1.73%	1.82%	1.79%	1.88%	2.31%	2.89%	2.12%	2.42%	2.83%	2.66%	2.57%
Net Nonoperating Expense Percent (NNEP)	-0.10%	-0.07%	-0.06%	0.11%	2.51%	0.57%	0.92%	0.00%	0.69%	3.49%	4.09%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	11.54%	9.03%	7.90%
Cost of Revenue to Revenue	86.87%	86.75%	86.22%	86.88%	84.77%	84.00%	83.83%	83.94%	83.16%	82.05%	81.45%
SG&A Expenses to Revenue	10.23%	10.20%	10.67%	10.33%	12.02%	12.01%	13.35%	12.72%	12.98%	14.24%	15.07%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.23%	10.20%	10.79%	10.46%	12.05%	12.03%	13.39%	12.72%	12.98%	14.33%	15.09%
Earnings before Interest and Taxes (EBIT)	71	79	80	78	86	113	73	97	121	103	99
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	80	88	91	89	100	126	87	109	133	114	108
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.64	1.40	1.60	1.72	1.44	2.09	1.86	1.63	1.59	2.09	2.00
Price to Tangible Book Value (P/TBV)	1.94	1.62	2.00	1.72	1.71	2.43	2.13	1.84	1.77	2.30	2.18
Price to Revenue (P/Rev)	0.24	0.21	0.26	0.23	0.28	0.44	0.46	0.38	0.39	0.62	0.65
Price to Earnings (P/E)	13.64	11.73	14.40	12.05	11.70	15.23	21.24	15.89	13.65	21.08	20.91
Dividend Yield	3.61%	1.93%	1.30%	1.38%	1.13%	0.67%	0.00%	3.11%	0.73%	0.99%	0.58%
Earnings Yield	7.33%	8.52%	6.94%	8.30%	8.55%	6.57%	4.71%	6.29%	7.33%	4.74%	4.78%
Enterprise Value to Invested Capital (EV/IC)	1.78	1.50	1.68	2.18	1.53	2.29	2.01	1.75	1.70	2.68	2.94
Enterprise Value to Revenue (EV/Rev)	0.21	0.18	0.24	0.23	0.25	0.41	0.42	0.35	0.35	0.51	0.49
Enterprise Value to EBITDA (EV/EBITDA)	6.55	5.36	7.08	7.39	6.66	9.21	12.55	9.22	8.26	12.76	12.82
Enterprise Value to EBIT (EV/EBIT)	7.29	5.97	8.00	8.52	7.75	10.30	14.88	10.39	9.08	14.14	13.96
Enterprise Value to NOPAT (EV/NOPAT)	12.20	10.01	13.37	12.07	10.64	14.22	19.83	14.35	12.38	19.20	19.16
Enterprise Value to Operating Cash Flow (EV/OCF)	14.72	15.20	19.17	34.22	7.65	31.71	30.17	17.36	31.38	7.37	7.93
Enterprise Value to Free Cash Flow (EV/FCFF)	19.37	16.93	0.00	4.87	0.00	135.85	50.67	27.54	56.59	8.30	9.37
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.15	-0.19	-0.16	-0.16	-0.19	-0.16	-0.15	-0.15	-0.16	-0.26	-0.42
Leverage Ratio	1.54	1.58	1.60	1.53	1.51	1.55	1.58	1.59	1.51	1.42	1.42
Compound Leverage Factor	1.54	1.58	1.60	1.53	1.56	1.55	1.58	1.59	1.52	1.56	1.69
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	8.21	7.05	7.22	8.71	6.70	6.98	6.05	6.03	6.97	7.34	6.86
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.78	2.49	2.43	2.28	2.58	2.51	2.51	2.49	3.07	3.20	3.14
Quick Ratio	2.15	1.97	2.00	1.87	2.08	2.07	2.06	1.91	2.36	2.76	2.84
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	27	28	-24	136	-68	8.54	21	36	19	176	147
Operating Cash Flow to CapEx	466.01%	250.16%	282.59%	163.69%	408.89%	142.67%	327.18%	564.39%	384.37%	2,063.10%	2,295.29%
Free Cash Flow to Firm to Interest Expense	312.97	318.56	0.00	0.00	-471.53	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	411.60	354.74	0.00	0.00	598.89	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	323.28	212.93	0.00	0.00	452.42	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	4.73	4.37	4.06	4.65	3.93	3.24	2.65	2.76	2.86	2.49	2.25
Accounts Receivable Turnover	8.55	7.93	7.01	6.65	5.92	5.66	4.46	4.75	5.13	4.68	4.60
Inventory Turnover	25.17	23.06	24.02	27.14	21.28	19.43	16.36	13.98	12.52	14.05	20.82
Fixed Asset Turnover	88.83	85.67	75.18	0.00	0.00	48.61	41.19	47.21	52.00	49.22	51.33
Accounts Payable Turnover	17.14	15.33	13.48	13.60	11.56	10.83	8.64	8.85	10.10	9.43	8.09
Days Sales Outstanding (DSO)	42.68	46.03	52.06	54.91	61.65	64.54	81.77	76.88	71.12	77.92	79.34
Days Inventory Outstanding (DIO)	14.50	15.83	15.20	13.45	17.15	18.79	22.32	26.11	29.16	25.97	17.53
Days Payable Outstanding (DPO)	21.30	23.82	27.07	26.84	31.57	33.69	42.23	41.24	36.13	38.73	45.09
Cash Conversion Cycle (CCC)	35.89	38.04	40.18	41.52	47.24	49.64	61.86	61.75	64.15	65.17	51.78
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	293	312	384	303	434	507	541	574	643	544	468
Invested Capital Turnover	8.64	8.50	7.73	8.47	7.32	5.99	4.94	5.19	5.13	4.80	5.54
Increase / (Decrease) in Invested Capital	16	19	72	-81	131	73	33	33	69	-100	-75
Enterprise Value (EV)	521	469	644	661	664	1,161	1,089	1,003	1,095	1,458	1,378
Market Capitalization	582	549	693	661	756	1,251	1,185	1,111	1,218	1,755	1,821
Book Value per Share	$13.46	$14.84	$16.32	$14.35	$19.67	$22.70	$24.31	$26.04	$29.15	$32.00	$34.65
Tangible Book Value per Share	$11.44	$12.84	$13.07	$14.35	$16.56	$19.59	$21.23	$23.01	$26.17	$29.07	$31.77
Total Capital	354	392	433	385	526	597	636	682	766	841	911
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-61	-80	-49	0.00	-92	-90	-96	-108	-123	-297	-443
Capital Expenditures (CapEx)	7.60	12	12	12	21	26	11	10	9.08	9.60	7.58
Debt-free, Cash-free Net Working Capital (DFCFNWC)	233	251	280	318	318	377	421	449	520	423	353
Debt-free Net Working Capital (DFNWC)	293	331	329	318	409	467	517	558	643	721	796
Net Working Capital (NWC)	293	331	329	318	409	467	517	558	643	721	796
Net Nonoperating Expense (NNE)	0.05	0.05	0.04	-0.07	-2.17	-0.52	-0.85	-0.00	-0.79	-7.33	-15
Net Nonoperating Obligations (NNO)	-61	-80	-49	-81	-92	-90	-96	-108	-123	-297	-443
Total Depreciation and Amortization (D&A)	8.09	8.96	10	12	14	13	14	12	12	11	8.75
Debt-free, Cash-free Net Working Capital to Revenue	9.44%	9.74%	10.39%	10.91%	11.77%	13.38%	16.26%	15.54%	16.65%	14.86%	12.60%
Debt-free Net Working Capital to Revenue	11.91%	12.85%	12.22%	10.91%	15.17%	16.58%	19.95%	19.28%	20.58%	25.28%	28.39%
Net Working Capital to Revenue	11.91%	12.85%	12.22%	10.91%	15.17%	16.58%	19.95%	19.28%	20.58%	25.28%	28.39%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.63	$1.77	$1.81	$2.05	$2.42	$3.12	$2.13	$2.67	$3.40	$3.17	$3.31
Adjusted Weighted Average Basic Shares Outstanding	26.25M	26.40M	26.53M	26.77M	26.72M	26.34M	26.16M	26.20M	26.28M	26.29M	26.32M
Adjusted Diluted Earnings per Share	$1.61	$1.76	$1.80	$2.04	$2.41	$3.10	$2.12	$2.65	$3.37	$3.15	$3.29
Adjusted Weighted Average Diluted Shares Outstanding	26.51M	26.62M	26.72M	26.89M	26.85M	26.51M	26.34M	26.36M	26.44M	26.43M	26.51M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	26.34M	26.50M	26.72M	26.85M	26.40M	26.34M	26.17M	26.26M	26.31M	26.36M	26.16M
Normalized Net Operating Profit after Tax (NOPAT)	43	47	50	57	63	82	56	70	88	78	72
Normalized NOPAT Margin	1.73%	1.82%	1.86%	1.97%	2.34%	2.91%	2.15%	2.42%	2.83%	2.73%	2.58%
Pre Tax Income Margin	2.90%	3.05%	2.99%	2.67%	3.28%	4.00%	2.83%	3.34%	3.89%	3.97%	4.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	830.86	902.92	0.00	0.00	590.94	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	496.89	538.84	0.00	0.00	430.50	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	742.53	761.11	0.00	0.00	444.47	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	408.56	397.03	0.00	0.00	284.03	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	24.66%	0.00%	22.01%	16.48%	14.12%	10.29%	15.11%	49.49%	10.03%	10.10%	12.09%
Augmented Payout Ratio	24.66%	0.00%	22.01%	16.48%	37.93%	15.75%	33.44%	49.49%	10.03%	16.57%	26.30%

This table displays calculated financial ratios and metrics derived from PC Connection's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.24%	-8.46%	-7.71%	-11.46%	-10.65%	-4.91%	-13.13%	0.40%	4.56%	1.78%
EBITDA Growth	15.83%	-22.64%	-36.02%	-25.44%	0.70%	11.49%	-32.02%	9.79%	2.55%	-12.32%
EBIT Growth	17.27%	-24.64%	-39.87%	-27.93%	-0.08%	18.46%	-25.68%	23.33%	-0.88%	-18.99%
NOPAT Growth	14.66%	-18.52%	-39.17%	-27.81%	2.75%	13.63%	-25.91%	24.09%	-5.90%	-17.13%
Net Income Growth	15.77%	-15.91%	-34.85%	-22.45%	10.31%	26.32%	-7.35%	32.82%	5.71%	-12.86%
EPS Growth	15.79%	-16.67%	-34.94%	-21.88%	10.23%	27.14%	-7.41%	32.00%	5.15%	-12.36%
Operating Cash Flow Growth	204.78%	-60.75%	150.95%	287.89%	108.52%	-35.99%	193.69%	-66.89%	5.42%	105.45%
Free Cash Flow Firm Growth	63.52%	-357.84%	115.82%	263.56%	735.12%	336.80%	1,461.32%	-13.00%	-32.86%	-23.27%
Invested Capital Growth	7.29%	12.03%	0.56%	-12.99%	-16.65%	-15.49%	-21.97%	-11.76%	-12.21%	-13.83%
Revenue Q/Q Growth	-6.37%	-5.57%	-0.67%	0.83%	-5.52%	0.49%	-9.25%	16.53%	-1.60%	-2.18%
EBITDA Q/Q Growth	-7.17%	-24.24%	-23.36%	32.92%	25.37%	-16.12%	-53.74%	114.65%	17.10%	-28.28%
EBIT Q/Q Growth	-7.87%	-26.39%	-26.57%	38.38%	27.73%	-12.74%	-51.82%	129.64%	2.66%	-28.68%
NOPAT Q/Q Growth	-9.47%	-20.63%	-27.32%	38.24%	28.86%	-12.23%	-52.61%	131.53%	-2.28%	-22.71%
Net Income Q/Q Growth	-8.63%	-18.89%	-24.57%	38.73%	29.96%	-7.11%	-44.68%	98.88%	3.43%	-23.42%
EPS Q/Q Growth	-8.33%	-20.45%	-22.86%	38.89%	29.33%	-8.25%	-43.82%	98.00%	3.03%	-23.53%
Operating Cash Flow Q/Q Growth	-19.42%	-20.28%	1.59%	494.41%	-56.68%	-75.53%	366.15%	-32.98%	37.91%	-52.31%
Free Cash Flow Firm Q/Q Growth	66.85%	-148.13%	118.99%	946.88%	28.72%	-7.49%	25.24%	-41.67%	-0.66%	5.73%
Invested Capital Q/Q Growth	0.44%	0.52%	-0.24%	-13.61%	-3.78%	1.91%	-7.89%	-2.32%	-4.27%	0.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	17.61%	16.98%	16.81%	17.42%	19.03%	18.63%	18.68%	18.54%	18.68%	18.31%
EBITDA Margin	4.52%	3.63%	2.91%	3.84%	5.09%	4.25%	2.28%	4.20%	5.00%	3.66%
Operating Margin	4.09%	3.26%	2.49%	3.42%	4.62%	4.01%	2.13%	4.20%	4.15%	3.19%
EBIT Margin	4.13%	3.22%	2.49%	3.42%	4.62%	4.01%	2.13%	4.20%	4.38%	3.19%
Profit (Net Income) Margin	2.99%	2.57%	1.95%	2.69%	3.69%	3.41%	2.08%	3.55%	3.73%	2.92%
Tax Burden Percent	72.41%	76.29%	73.17%	73.10%	73.75%	74.18%	72.95%	73.55%	73.98%	75.87%
Interest Burden Percent	100.00%	104.59%	107.10%	107.47%	108.39%	114.72%	133.92%	115.04%	115.24%	120.64%
Effective Tax Rate	27.59%	23.71%	26.83%	26.90%	26.25%	25.82%	27.05%	26.45%	26.02%	24.13%
Return on Invested Capital (ROIC)	15.30%	12.79%	8.73%	12.45%	16.77%	14.30%	7.50%	16.32%	17.08%	13.42%
ROIC Less NNEP Spread (ROIC-NNEP)	15.09%	12.28%	7.80%	11.63%	15.78%	12.84%	6.13%	15.23%	15.73%	12.46%
Return on Net Nonoperating Assets (RNNOA)	-2.15%	-1.96%	-1.06%	-2.55%	-4.03%	-3.36%	-1.83%	-5.71%	-6.55%	-5.26%
Return on Equity (ROE)	13.15%	10.82%	7.66%	9.90%	12.74%	10.94%	5.67%	10.62%	10.53%	8.16%
Cash Return on Invested Capital (CROIC)	7.94%	3.18%	11.92%	26.12%	30.67%	29.59%	37.37%	27.24%	28.08%	29.08%
Operating Return on Assets (OROA)	12.28%	9.22%	6.88%	8.87%	11.52%	10.00%	5.15%	9.46%	9.90%	7.19%
Return on Assets (ROA)	8.89%	7.36%	5.39%	6.97%	9.21%	8.51%	5.03%	8.00%	8.44%	6.58%
Return on Common Equity (ROCE)	13.15%	10.82%	7.66%	9.90%	12.74%	10.94%	5.67%	10.62%	10.53%	8.16%
Return on Equity Simple (ROE_SIMPLE)	12.27%	0.00%	10.51%	9.56%	9.56%	0.00%	9.64%	10.14%	10.05%	0.00%
Net Operating Profit after Tax (NOPAT)	23	18	13	18	24	21	9.82	23	22	17
NOPAT Margin	2.96%	2.49%	1.82%	2.50%	3.41%	2.98%	1.55%	3.09%	3.07%	2.42%
Net Nonoperating Expense Percent (NNEP)	0.22%	0.50%	0.93%	0.82%	0.99%	1.45%	1.37%	1.09%	1.35%	0.96%
Return On Investment Capital (ROIC_SIMPLE)	-	2.38%	-	-	-	2.47%	-	-	-	1.89%
Cost of Revenue to Revenue	82.39%	83.02%	83.19%	82.58%	80.97%	81.37%	81.32%	81.46%	81.32%	81.69%
SG&A Expenses to Revenue	13.52%	13.71%	14.20%	13.76%	14.40%	14.62%	16.55%	14.29%	14.54%	15.11%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	13.52%	13.71%	14.32%	14.00%	14.41%	14.62%	16.55%	14.34%	14.54%	15.11%
Earnings before Interest and Taxes (EBIT)	32	24	18	25	32	28	13	31	32	23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	35	27	21	28	35	30	14	31	36	26
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.54	1.59	1.51	1.48	1.70	2.09	2.03	1.93	2.21	2.00
Price to Tangible Book Value (P/TBV)	1.72	1.77	1.68	1.64	1.88	2.30	2.23	2.12	2.42	2.18
Price to Revenue (P/Rev)	0.36	0.39	0.38	0.40	0.48	0.62	0.63	0.61	0.71	0.65
Price to Earnings (P/E)	12.55	13.65	14.36	15.49	17.79	21.08	21.07	19.06	22.00	20.91
Dividend Yield	2.98%	0.73%	0.94%	1.12%	1.09%	0.99%	0.52%	0.56%	0.50%	0.58%
Earnings Yield	7.97%	7.33%	6.96%	6.45%	5.62%	4.74%	4.75%	5.25%	4.55%	4.78%
Enterprise Value to Invested Capital (EV/IC)	1.64	1.70	1.62	1.69	2.08	2.68	2.76	2.67	3.32	2.94
Enterprise Value to Revenue (EV/Rev)	0.33	0.35	0.34	0.32	0.38	0.51	0.50	0.47	0.56	0.49
Enterprise Value to EBITDA (EV/EBITDA)	7.47	8.26	8.60	8.44	9.93	12.76	12.84	11.83	14.20	12.82
Enterprise Value to EBIT (EV/EBIT)	8.17	9.08	9.56	9.48	11.17	14.14	14.02	12.50	15.18	13.96
Enterprise Value to NOPAT (EV/NOPAT)	11.33	12.38	12.99	12.86	15.09	19.20	19.05	16.96	20.59	19.16
Enterprise Value to Operating Cash Flow (EV/OCF)	16.22	31.38	11.19	5.24	5.41	7.37	5.86	8.24	9.66	7.93
Enterprise Value to Free Cash Flow (EV/FCFF)	21.36	56.59	13.60	6.02	6.16	8.30	6.47	9.18	11.05	9.37
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.14	-0.16	-0.14	-0.22	-0.26	-0.26	-0.30	-0.37	-0.42	-0.42
Leverage Ratio	1.49	1.51	1.50	1.50	1.47	1.42	1.40	1.47	1.44	1.42
Compound Leverage Factor	1.49	1.58	1.60	1.61	1.59	1.63	1.87	1.69	1.66	1.71
Debt to Total Capital	0.00%	0.00%	0.00%	0.53%	0.44%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.53%	0.44%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	99.47%	99.56%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.04	0.03	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	-2.16	-2.56	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.04	0.03	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.06	0.05	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	-3.29	-3.89	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.06	0.05	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	6.26	6.68	6.43	6.08	6.43	7.13	7.47	6.29	6.94	6.66
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.79	3.07	3.06	2.94	3.06	3.20	3.53	2.95	3.13	3.14
Quick Ratio	2.16	2.36	2.38	2.41	2.58	2.76	3.03	2.53	2.76	2.84
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-20	-51	9.66	101	130	120	151	88	87	92
Operating Cash Flow to CapEx	999.34%	913.42%	1,036.40%	3,893.22%	2,012.83%	548.62%	3,562.50%	2,110.56%	2,961.07%	1,069.83%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.97	2.86	2.76	2.60	2.49	2.49	2.42	2.25	2.26	2.25
Accounts Receivable Turnover	5.18	5.13	4.88	4.80	4.68	4.68	4.80	4.63	4.76	4.60
Inventory Turnover	13.71	12.52	11.73	12.84	13.39	14.05	13.91	15.13	17.74	20.82
Fixed Asset Turnover	52.98	52.00	51.41	50.22	49.11	49.22	48.38	49.08	50.31	51.33
Accounts Payable Turnover	11.20	10.10	9.97	8.85	9.10	9.43	9.82	7.54	8.14	8.09
Days Sales Outstanding (DSO)	70.42	71.12	74.81	76.01	78.03	77.92	76.12	78.84	76.72	79.34
Days Inventory Outstanding (DIO)	26.63	29.16	31.13	28.43	27.26	25.97	26.24	24.13	20.58	17.53
Days Payable Outstanding (DPO)	32.59	36.13	36.62	41.25	40.11	38.73	37.18	48.38	44.84	45.09
Cash Conversion Cycle (CCC)	64.47	64.15	69.31	63.18	65.19	65.17	65.18	54.58	52.46	51.78
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	640	643	642	554	533	544	501	489	468	468
Invested Capital Turnover	5.16	5.13	4.79	4.98	4.92	4.80	4.82	5.29	5.57	5.54
Increase / (Decrease) in Invested Capital	43	69	3.60	-83	-107	-100	-141	-65	-65	-75
Enterprise Value (EV)	1,048	1,095	1,037	937	1,108	1,458	1,381	1,304	1,554	1,378
Market Capitalization	1,164	1,218	1,172	1,176	1,393	1,755	1,733	1,690	1,983	1,821
Book Value per Share	$28.78	$29.15	$29.51	$30.22	$31.20	$32.00	$32.35	$33.19	$34.13	$34.65
Tangible Book Value per Share	$25.79	$26.17	$26.55	$27.27	$28.25	$29.07	$29.44	$30.29	$31.23	$31.77
Total Capital	756	766	776	798	823	841	853	875	897	911
Total Debt	0.00	0.00	0.00	4.20	3.64	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	4.20	3.64	0.00	0.00	0.00	0.00	0.00
Net Debt	-116	-123	-135	-240	-286	-297	-352	-386	-429	-443
Capital Expenditures (CapEx)	2.41	2.10	1.88	2.98	2.50	2.24	1.61	1.82	1.79	2.36
Debt-free, Cash-free Net Working Capital (DFCFNWC)	517	520	521	431	411	423	382	373	355	353
Debt-free Net Working Capital (DFNWC)	633	643	656	675	701	721	734	759	784	796
Net Working Capital (NWC)	633	643	656	675	701	721	734	759	784	796
Net Nonoperating Expense (NNE)	-0.22	-0.58	-0.94	-1.37	-1.98	-3.05	-3.33	-3.42	-4.84	-3.54
Net Nonoperating Obligations (NNO)	-116	-123	-135	-240	-286	-297	-352	-386	-429	-443
Total Depreciation and Amortization (D&A)	3.02	2.98	3.07	3.09	3.29	1.68	0.94	0.00	4.47	3.33
Debt-free, Cash-free Net Working Capital to Revenue	16.20%	16.65%	17.00%	14.50%	14.25%	14.86%	13.85%	13.53%	12.73%	12.60%
Debt-free Net Working Capital to Revenue	19.84%	20.58%	21.40%	22.72%	24.28%	25.28%	26.62%	27.51%	28.11%	28.39%
Net Working Capital to Revenue	19.84%	20.58%	21.40%	22.72%	24.28%	25.28%	26.62%	27.51%	28.11%	28.39%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.88	$0.72	$0.54	$0.75	$0.97	$0.91	$0.50	$0.99	$1.03	$0.79
Adjusted Weighted Average Basic Shares Outstanding	26.28M	26.28M	26.33M	26.26M	26.26M	26.29M	26.36M	26.35M	26.29M	26.32M
Adjusted Diluted Earnings per Share	$0.88	$0.70	$0.54	$0.75	$0.97	$0.89	$0.50	$0.99	$1.02	$0.78
Adjusted Weighted Average Diluted Shares Outstanding	26.46M	26.44M	26.44M	26.37M	26.43M	26.43M	26.53M	26.52M	26.50M	26.51M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	26.29M	26.31M	26.28M	26.26M	26.27M	26.36M	26.36M	26.29M	26.29M	26.16M
Normalized Net Operating Profit after Tax (NOPAT)	23	18	14	20	24	21	9.82	23	22	17
Normalized NOPAT Margin	2.96%	2.49%	1.91%	2.67%	3.41%	2.98%	1.55%	3.13%	3.07%	2.42%
Pre Tax Income Margin	4.13%	3.37%	2.67%	3.67%	5.01%	4.60%	2.85%	4.83%	5.05%	3.85%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	28.26%	10.03%	13.54%	17.33%	19.48%	10.10%	10.87%	10.68%	11.10%	12.09%
Augmented Payout Ratio	28.26%	10.03%	17.74%	24.43%	26.36%	16.57%	13.49%	14.76%	19.67%	26.30%

Frequently Asked Questions About PC Connection's Financials

When does PC Connection's fiscal year end?

According to the most recent income statement we have on file, PC Connection's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has PC Connection's net income changed over the last 10 years?

PC Connection's net income appears to be on an upward trend, with a most recent value of $87.10 million in 2024, rising from $42.68 million in 2014. The previous period was $83.27 million in 2023.

What is PC Connection's operating income?

PC Connection's total operating income in 2024 was $97.06 million, based on the following breakdown:

Total Gross Profit: $519.79 million
Total Operating Expenses: $422.73 million

How has PC Connection revenue changed over the last 10 years?

Over the last 10 years, PC Connection's total revenue changed from $2.46 billion in 2014 to $2.80 billion in 2024, a change of 13.8%.

How much debt does PC Connection have?

PC Connection's total liabilities were at $388.36 million at the end of 2024, a 11.7% increase from 2023, and a 108.9% increase since 2014.

How much cash does PC Connection have?

In the past 10 years, PC Connection's cash and equivalents has ranged from $0.00 in 2017 to $178.32 million in 2024, and is currently $178.32 million as of their latest financial filing in 2024.

How has PC Connection's book value per share changed over the last 10 years?

Over the last 10 years, PC Connection's book value per share changed from 13.46 in 2014 to 34.65 in 2024, a change of 157.5%.

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This page (NASDAQ:CNXN) was last updated on 4/15/2025 by MarketBeat.com Staff

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PC Connection (CNXN) Financials

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PC Connection (CNXN) Financials

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