PC Connection, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.87B | $2.80B | $2.85B | $3.12B | $2.89B | $2.59B | $2.82B | $2.70B |
| Cost of Revenue | $2.33B | $2.28B | $2.34B | $2.60B | $2.43B | $2.17B | $2.37B | $2.29B |
| Gross Profit | $539.3M | $519.8M | $511.7M | $526.2M | $464.6M | $418.8M | $451.3M | $411.1M |
| Gross Margin | 18.8% | 18.6% | 18.0% | 16.8% | 16.1% | 16.2% | 16.0% | 15.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $434.0M | $422.3M | $405.9M | $405.6M | $368.1M | $345.7M | $338.6M | $324.4M |
| Operating Income | $99.3M | $97.1M | $103.2M | $120.6M | $96.5M | $72.1M | $112.0M | $85.7M |
| Operating Margin | 3.5% | 3.5% | 3.6% | 3.9% | 3.3% | 2.8% | 4.0% | 3.2% |
| Interest Expense | — | — | — | — | — | $107.0K | $107.0K | $145.0K |
| Pretax Income | $113.7M | $117.5M | $113.1M | $121.6M | $96.5M | $73.2M | $112.7M | $88.7M |
| Income Tax Expense | $30.0M | $30.4M | $29.8M | $32.4M | $26.6M | $17.4M | $30.6M | $24.1M |
| Net Income | $83.7M | $87.1M | $83.3M | $89.2M | $69.9M | $55.8M | $82.1M | $64.6M |
| Net Margin | 2.9% | 3.1% | 2.9% | 2.9% | 2.4% | 2.2% | 2.9% | 2.4% |
| EPS (Basic) | $3.28 | $3.31 | $3.17 | $3.40 | $2.67 | $2.13 | $3.12 | $2.42 |
| EPS (Diluted) | $3.27 | $3.29 | $3.15 | $3.37 | $2.65 | $2.12 | $3.10 | $2.41 |
| Shares Outstanding (Basic) | 25.5M | 26.3M | 26.3M | 26.3M | 26.2M | 26.2M | 26.3M | 26.7M |
| Shares Outstanding (Diluted) | 25.6M | 26.5M | 26.4M | 26.4M | 26.4M | 26.3M | 26.5M | 26.9M |
| Dividends Per Share | — | — | — | $0.34 | $1.00 | $0.32 | $0.32 | $0.32 |