Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.69B | $2.91B | $2.70B | $2.82B | $2.59B | $2.89B | $3.12B | $2.85B | $2.80B | $2.87B |
| Revenue growth | — | 8.1% | -7.3% | 4.5% | -8.1% | 11.7% | 8.0% | -8.8% | -1.7% | 2.5% |
| Gross profit | $371M | $382M | $411M | $451M | $419M | $465M | $526M | $512M | $520M | $539M |
| Gross margin | 13.8% | 13.1% | 15.2% | 16.0% | 16.2% | 16.1% | 16.8% | 18.0% | 18.6% | 18.8% |
| Operating income | $80.5M | $77.5M | $85.7M | $112M | $72.1M | $96.5M | $121M | $103M | $97.1M | $99.3M |
| Operating margin | 3.0% | 2.7% | 3.2% | 4.0% | 2.8% | 3.3% | 3.9% | 3.6% | 3.5% | 3.5% |
| Net income | $48.1M | $54.9M | $64.6M | $82.1M | $55.8M | $69.9M | $89.2M | $83.3M | $87.1M | $83.7M |
| Net margin | 1.8% | 1.9% | 2.4% | 2.9% | 2.2% | 2.4% | 2.9% | 2.9% | 3.1% | 2.9% |
| EPS (diluted) | $1.80 | $2.04 | $2.41 | $3.10 | $2.12 | $2.65 | $3.37 | $3.15 | $3.29 | $3.27 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $33.6M | $19.3M | $86.8M | $36.6M | $36.1M | $57.8M | $34.9M | $198M | $174M | $65.4M |
| Capital expenditures | $11.9M | $11.8M | — | — | — | — | — | $9.60M | $7.58M | $7.39M |
| Free cash flow | $21.7M | $7.52M | — | — | — | — | — | $188M | $166M | $58.0M |
| Share buybacks | — | — | $15.4M | $4.48M | $10.2M | — | — | $5.39M | $12.4M | $76.3M |
| Dividends paid | $10.6M | $9.04M | $9.12M | $8.45M | $8.43M | $34.6M | $8.95M | $8.41M | $10.5M | $15.3M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $49.2M | $50.0M | $91.7M | $90.1M | $95.7M | $108M | $123M | $145M | $178M | $193M |
| Total assets | $686M | $748M | $805M | $937M | $1.02B | $1.08B | $1.10B | $1.19B | $1.30B | $1.35B |
| Total liabilities | $253M | $266M | $279M | $340M | $379M | $401M | $334M | $348M | $388M | $441M |
| Shareholders' equity | $433M | $482M | $526M | $597M | $636M | $682M | $766M | $841M | $911M | $910M |
| Retained earnings | $338M | $384M | $385M | $515M | $562M | $606M | $686M | $761M | $837M | $906M |
| Shares (wtd avg diluted) | 26.7M | 26.9M | 26.9M | 26.5M | 26.3M | 26.4M | 26.4M | 26.4M | 26.5M | 25.6M |
Every figure is extracted from PC CONNECTION INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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