PC Connection, Inc.

CNXNNASDAQTechnology● Active

$72.15

+$0.64(+0.89%)

Market Cap$1.8B

P/E Ratio—

52W High$73.67

52W Low$54.97

Avg Volume83K

Open$71.54

Beta0.89

Free Cash Flow Financials Revenue

PC Connection, Inc. (CNXN) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CNXN · free cash flow · updated Jun 8, 2026

Core FCF metrics

CNXN · FCF · TTM · margin & CAGR

Free cash flow was $58.0M for FY2025 (fiscal year ending 2025-12-31), down 65.1% year-over-year The FCF margin was 2.0%. Five-year CAGR stands at +18.3%.

FY2025 Free Cash Flow$58.0M▼ -65.1% YoY

Trailing 12M (TTM)$124.4Mtrailing 4 quarters sum

FCF Margin2.0%$58.0M ÷ revenue

3-Year CAGR+31.0%FY2022 → FY2025

5-Year CAGR+18.3%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CNXN · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$65.4M(7M)$58.0M▼ 65.1%2.0%

FY2024$173.9M(8M)$166.3M▼ 11.7%5.9%

FY2023$198.0M(10M)$188.4M▲ +629.7%6.6%

FY2022$34.9M(9M)$25.8M▼ 45.6%0.8%

FY2021$57.8M(10M)$47.5M▲ +89.3%1.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CNXN · P/FCF · FCF yield · FCF per share

PC Connection, Inc. (CNXN) trades at a FCF yield of 6.84% and a price-to-free-cash-flow ratio of 14.6x. FCF per share stands at $4.93, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

6.84%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$4.93

TTM FCF ÷ Shares Outstanding

Price / FCF

x14.6

Share Price ÷ FCF per Share

EV / FCF (TTM)

x13.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CNXN · cash flow statement · operating / investing / financing

For FY2025, PC Connection, Inc. generated $65.4M in operating cash flow and spent 7M in capital expenditures, yielding $58.0M in free cash flow.

Operating Activities

+$65.4M

Cash from core business operations

2025-12-31

Investing Activities

+$42.8M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$93.4M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($65.4M) − |CapEx| (7M) = FCF ($58.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

CNXN vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

PC Connection, Inc.YOU

CNXN

$58.0M-65.1%2.0%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

PC Connection, Inc. (CNXN) reported free cash flow of $58.0M for FY2025 (fiscal year ending 2025-12-31), down 65.1% year-over-year. The FCF margin was 2.0%.

Based on available data, PC Connection, Inc. has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $188.4M in FY2023. The 5-year CAGR stands at +18.3%.

PC Connection, Inc.'s FCF yield is 6.84% and price-to-FCF ratio is 14.6x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CNXN free cash flow · 8 questions

PC Connection, Inc. free cash flow was $58.0M for FY2025, down 65.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $124.4M.

CNXN free cash flowCNXN FCFCNXN FCF 2025CNXN free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · PC Connection, Inc. · PC Connection, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026