PC CONNECTION INC(CNXN)Stock Analysis
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Rank #1,309 of 2,879 stocksTOP 50%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
CNXN Stock Analysis & AI Quality Score
AI stock analysis and institutional research for PC CONNECTION INC (CNXN), a Technology sector company. 13F Pro's AI-powered ranking engine scores CNXN at 53.0/100 on a 32-signal composite quality model, placing it at rank #1,309 of 2,879 stocks — the top half of the AI-ranked universe. Areas of concern include free cash flow (38.7) and revenue growth (39.1), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), PC CONNECTION INC reports quarterly revenue of $721.9M, net income of $17.2M, an operating margin of 2.8%. Top institutional holders of CNXN by reported 13-F value include BlackRock,, DIMENSIONAL FUND ADVISORS, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. CNXN trades on the Nasdaq exchange and files with the SEC under CIK 1050377. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CNXN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for PC CONNECTION INC directly from SEC EDGAR. PC CONNECTION INC's 13F Pro composite quality score has ranged between 8 and 58 since 2021, currently 53.0 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.
Revenue
Q1 2026
$721.9M
Net Income
Q1 2026
$17.2M
Free Cash Flow
Q1 2026
$12.3M
Operating Margin
Q1 2026
2.8%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+2.5% YoYNet Income
-3.9% YoYOperating Income
+2.3% YoYEPS (Diluted)
-0.6% YoYTotal Assets
+4.0% YoYOp. Cash Flow
-62.4% YoY| Metric | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $2.87B +2.5% | $2.80B -10.3% | $3.12B +8.0% | $2.89B +11.7% | $2.59B -4.0% | $2.70B |
| Net Income | $83.7M -3.9% | $87.1M -2.4% | $89.2M +27.6% | $69.9M +25.4% | $55.8M -13.7% | $64.6M |
| Operating Income | $99.3M +2.3% | $97.1M -19.5% | $120.6M +24.9% | $96.5M +33.9% | $72.1M -15.9% | $85.7M |
| EPS (Diluted) | $3.27 -0.6% | $3.29 -2.4% | $3.37 +27.2% | $2.65 +25.0% | $2.12 -12.0% | $2.41 |
| Total Assets | $1.35B +4.0% | $1.30B +18.1% | $1.10B +1.5% | $1.08B +6.7% | $1.02B +26.1% | $805.4M |
| Operating Cash Flow | $65.4M -62.4% | $173.9M +398.3% | $34.9M -39.6% | $57.8M +60.0% | $36.1M -58.4% | $86.8M |
AI Insight: CNXN Financial Trends
CNXN revenue stabilized near $700–$760M but Q1 2026 operating cash flow dropped to $14M, the second-lowest in eight quarters.
• Revenue recovered from a Q1 2025 trough of $701M to $722M in Q1 2026, a modest 3% year-over-year improvement.
• Operating income held steady at $20–$31M range across all eight quarters, showing no meaningful margin expansion.
• Equity grew from $875M in Q2 2024 to $922M in Q1 2026, reflecting consistent retained earnings accumulation.
• Operating cash flow fell sharply to $14M in Q1 2026 from $64M in Q3 2025, continuing a weak seasonal pattern.
⚠ Q1 operating cash flow has been negative or near-zero twice in two years; working capital timing deserves close monitoring.
⚠ Net income of $17M in Q1 2026 remains below year-ago $13M comp but trails Q2–Q3 2025 levels; earnings momentum is soft.
⚠ Total debt data is absent across all periods; leverage picture is incomplete and warrants direct disclosure review.
AI Insight: CNXN Ratio Trends
CNXN's profitability metrics are deteriorating in Q1 2026, with ROIC slipping to 8.8% — the weakest quarterly reading outside of Q1 2025's trough.
• Operating margin declined from 4.3% in Q3 2025 to 2.8% in Q1 2026, continuing a clear seasonal Q1 weakness pattern.
• ROIC compressed from 13.4% in Q3 2025 to 8.8% in Q1 2026, tracking below the Q2–Q3 2025 recovery range.
• ROE fell to 7.5% in Q1 2026 vs. 11.0% in Q3 2025, though Q1 2025's 6.2% trough shows a recurring seasonal pattern.
⚠ Q1 2026 OpMargin of 2.8% is above Q1 2025's 2.1% trough — monitor whether Q2 2026 rebounds to the 4%+ range seen in prior recoveries.
⚠ TTM ROIC of 11.4% lags peak Q2 2024 levels of 14.1%, signaling gradual structural margin pressure beyond seasonal noise.
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Available Research
13F Pro tracks comprehensive data for PC CONNECTION INC including:
Top Institutional Holders of CNXN
BlackRock, Inc.
$129.9M2,221,652 shDIMENSIONAL FUND ADVISORS LP
$89.2M1,526,494 shVANGUARD CAPITAL MANAGEMENT LLC
$29.7M508,637 shVANGUARD PORTFOLIO MANAGEMENT LLC
$28.7M490,677 shSTATE STREET CORP
$26.3M450,115 shGEODE CAPITAL MANAGEMENT, LLC
$22.9M390,990 shBROWN ADVISORY INC
$19.9M340,709 shMORGAN STANLEY
$13.0M222,471 shCHARLES SCHWAB INVESTMENT MANAGEMENT INC
$12.9M220,039 shInvesco Ltd.
$12.7M217,844 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $129.9M | 2,221,652 |
| DIMENSIONAL FUND ADVISORS LP | $89.2M | 1,526,494 |
| VANGUARD CAPITAL MANAGEMENT LLC | $29.7M | 508,637 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $28.7M | 490,677 |
| STATE STREET CORP | $26.3M | 450,115 |
| GEODE CAPITAL MANAGEMENT, LLC | $22.9M | 390,990 |
| BROWN ADVISORY INC | $19.9M | 340,709 |
| MORGAN STANLEY | $13.0M | 222,471 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $12.9M | 220,039 |
| Invesco Ltd. | $12.7M | 217,844 |
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Popular Research
Is CNXN a good stock to buy?
13F Pro's AI-powered analysis of PC CONNECTION INC (CNXN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for CNXN are available on the CNXN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own CNXN?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling CNXN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of PC CONNECTION INC's investment landscape.