PC Connection vs Eplus
PC Connection is the larger business, with $2.87bn of revenue in fiscal 2025 against $2.44bn for Eplus (1.2 times as much). Eplus grew faster (22.1% against 2.5%). Eplus kept more of each dollar of sales as profit: a net margin of 5.4% against 2.9%.
| Latest fiscal year | PC ConnectionCNXN, 2025 | EplusPLUS, 2026 |
|---|---|---|
| Revenue | $2.87bn | $2.44bn |
| Revenue growth | 2.5% | 22.1% |
| Net income | $83.7m | $133m |
| Operating margin | — | 6.8% |
| Net margin | 2.9% | 5.4% |
| Return on equity | 9.2% | 13.0% |
| Free cash flow | $58.0m | −$121m |
| Cash | $193m | $411m |
| Total debt | $0 | — |
| Debt to equity | — | — |
| Dividend per share | — | $0.75 |
| Dividend yield | 0.9% | 1.1% |
| Share buybacks | $76.3m | $30.6m |
| Employees | — | 2,151 |
| Market value | $2.25bn | $2.35bn |
| Price vs our value range | Above our value range | Below our value range |
| Moat score | 45 (Moderate) | 52 (Moderate) |
| Insider trades, 12 months | 0 buys, 53 sales | 0 buys, 36 sales |