PC Connection Inc income statement
In fiscal 2025, PC Connection Inc reported revenue of $2.87bn, up 2.5% on the year before, operating income of $99.3m (a 3.5% margin) and net income of $83.7m, or $3.27 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,570 | 1,974 | 2,103 | 2,159 | 2,222 | 2,463 | 2,574 | 2,693 | 2,912 | 2,699 | 2,820 | 2,590 | 2,893 | 3,125 | 2,851 | 2,802 | 2,873 | 3,153 |
| Cost of revenue | 1,385 | 1,744 | 1,838 | 1,877 | 1,929 | 2,140 | 2,233 | 2,321 | 2,530 | 2,288 | 2,369 | 2,171 | 2,428 | 2,599 | 2,339 | 2,282 | 2,333 | 2,565 |
| Gross profit | 185 | 230 | 265 | 282 | 293 | 323 | 341 | 371 | 382 | 411 | 451 | 419 | 465 | 526 | 512 | 520 | 539 | 588 |
| Selling, general and administrative | 173 | 191 | 217 | 226 | 234 | 252 | 262 | 287 | 301 | 324 | 339 | 346 | 368 | 406 | 406 | 422 | 434 | 454 |
| Operating income | −1 | 39 | 48 | 55 | 59 | 71 | 79 | 81 | 78 | 86 | 112 | 72 | 97 | 121 | 103 | 97 | 99 | 128 |
| Interest expense | 1 | 0 | 0 | 0 | 0 | 0 | — | — | — | 0 | 0 | 0 | — | — | — | — | — | — |
| Net interest income | — | — | — | — | −0 | −0 | −0 | −0 | 0 | — | — | — | — | — | — | — | — | — |
| Income before tax | −1 | 38 | 47 | 55 | 59 | 71 | 78 | 80 | 78 | 89 | 113 | 73 | 97 | 122 | 113 | 117 | 114 | 140 |
| Income tax | 1 | 15 | 19 | 21 | 24 | 29 | 32 | 32 | 23 | 24 | 31 | 17 | 27 | 32 | 30 | 30 | 30 | 37 |
| Net income | −1 | 23 | 29 | 33 | 36 | 43 | 47 | 48 | 55 | 65 | 82 | 56 | 70 | 89 | 83 | 87 | 84 | 103 |
| Diluted EPS | −$0.05 | $0.85 | $1.07 | $1.24 | $1.35 | $1.61 | $1.76 | $1.80 | $2.04 | $2.41 | $3.10 | $2.12 | $2.65 | $3.37 | $3.15 | $3.29 | $3.27 | $4.05 |
| Diluted shares (average) | 27m | 27m | 27m | 27m | 26m | 27m | 27m | 27m | 27m | 27m | 27m | 26m | 26m | 26m | 26m | 27m | 26m | 25m |
| EBITDA | 6 | 44 | 53 | 60 | 66 | 79 | 87 | 90 | 88 | 98 | 124 | 84 | 107 | 131 | 115 | 109 | 110 | 138 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 709 | 701 | 760 | 709 | 703 | 722 | 854 | 874 |
| Cost of revenue | 579 | 574 | 622 | 570 | 567 | 589 | 697 | 712 |
| Gross profit | 130 | 127 | 138 | 139 | 136 | 133 | 157 | 162 |
| Selling, general and administrative | 107 | 110 | 107 | 108 | 109 | 109 | 114 | 121 |
| Operating income | 23 | 15 | 31 | 30 | 24 | 20 | 43 | 41 |
| Income before tax | 27 | 18 | 34 | 34 | 27 | 24 | 46 | 43 |
| Income tax | 7 | 5 | 9 | 9 | 6 | 6 | 12 | 12 |
| Net income | 21 | 13 | 25 | 25 | 21 | 17 | 33 | 31 |
| Diluted EPS | $0.79 | $0.51 | $0.97 | $0.97 | $0.82 | $0.68 | $1.31 | $1.24 |
| EBITDA | 25 | 18 | 34 | 33 | 25 | 23 | 46 | 44 |
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