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Side-by-side financial comparison of Amazon (AMZN) and PC CONNECTION INC (CNXN). Click either name above to swap in a different company.
Amazon is the larger business by last-quarter revenue ($213.4B vs $702.9M, roughly 303.6× PC CONNECTION INC). Amazon runs the higher net margin — 9.9% vs 2.9%, a 7.0% gap on every dollar of revenue. On growth, Amazon posted the faster year-over-year revenue change (13.6% vs -0.8%). Amazon produced more free cash flow last quarter ($14.9B vs $25.2M). Over the past eight quarters, Amazon's revenue compounded faster (22.0% CAGR vs 5.5%).
Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). Its products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers The company also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire ...
PC Connection, Inc., doing business as Connection, is headquartered in Merrimack, New Hampshire. It has more than 2,600 employees and sells more than 460,000 products.
AMZN vs CNXN — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $213.4B | $702.9M |
| Net Profit | $21.2B | $20.7M |
| Gross Margin | 48.5% | 19.3% |
| Operating Margin | 11.7% | 3.4% |
| Net Margin | 9.9% | 2.9% |
| Revenue YoY | 13.6% | -0.8% |
| Net Profit YoY | 5.9% | -0.0% |
| EPS (diluted) | $1.95 | $0.82 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $213.4B | $702.9M | ||
| Q3 25 | $180.2B | $709.1M | ||
| Q2 25 | $167.7B | $759.7M | ||
| Q1 25 | $155.7B | $701.0M | ||
| Q4 24 | $187.8B | $708.9M | ||
| Q3 24 | $158.9B | $724.7M | ||
| Q2 24 | $148.0B | $736.5M | ||
| Q1 24 | $143.3B | $632.0M |
| Q4 25 | $21.2B | $20.7M | ||
| Q3 25 | $21.2B | $24.7M | ||
| Q2 25 | $18.2B | $24.8M | ||
| Q1 25 | $17.1B | $13.5M | ||
| Q4 24 | $20.0B | $20.7M | ||
| Q3 24 | $15.3B | $27.1M | ||
| Q2 24 | $13.5B | $26.2M | ||
| Q1 24 | $10.4B | $13.2M |
| Q4 25 | 48.5% | 19.3% | ||
| Q3 25 | 50.8% | 19.6% | ||
| Q2 25 | 51.8% | 18.1% | ||
| Q1 25 | 50.6% | 18.2% | ||
| Q4 24 | 47.3% | 18.3% | ||
| Q3 24 | 49.0% | 18.7% | ||
| Q2 24 | 50.1% | 18.5% | ||
| Q1 24 | 49.3% | 18.7% |
| Q4 25 | 11.7% | 3.4% | ||
| Q3 25 | 9.7% | 4.3% | ||
| Q2 25 | 11.4% | 4.1% | ||
| Q1 25 | 11.8% | 2.1% | ||
| Q4 24 | 11.3% | 3.2% | ||
| Q3 24 | 11.0% | 4.1% | ||
| Q2 24 | 9.9% | 4.2% | ||
| Q1 24 | 10.7% | 2.1% |
| Q4 25 | 9.9% | 2.9% | ||
| Q3 25 | 11.8% | 3.5% | ||
| Q2 25 | 10.8% | 3.3% | ||
| Q1 25 | 11.0% | 1.9% | ||
| Q4 24 | 10.7% | 2.9% | ||
| Q3 24 | 9.6% | 3.7% | ||
| Q2 24 | 9.1% | 3.6% | ||
| Q1 24 | 7.3% | 2.1% |
| Q4 25 | $1.95 | $0.82 | ||
| Q3 25 | $1.95 | $0.97 | ||
| Q2 25 | $1.68 | $0.97 | ||
| Q1 25 | $1.59 | $0.51 | ||
| Q4 24 | $1.86 | $0.78 | ||
| Q3 24 | $1.43 | $1.02 | ||
| Q2 24 | $1.26 | $0.99 | ||
| Q1 24 | $0.98 | $0.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $123.0B | $406.7M |
| Total DebtLower is stronger | $68.8B | — |
| Stockholders' EquityBook value | $411.1B | $910.1M |
| Total Assets | $818.0B | $1.4B |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $123.0B | $406.7M | ||
| Q3 25 | $94.2B | $399.2M | ||
| Q2 25 | $93.2B | $346.1M | ||
| Q1 25 | $94.6B | $340.3M | ||
| Q4 24 | $101.2B | $442.6M | ||
| Q3 24 | $88.1B | $429.1M | ||
| Q2 24 | $89.1B | $385.8M | ||
| Q1 24 | $85.1B | $352.0M |
| Q4 25 | $68.8B | — | ||
| Q3 25 | $55.1B | — | ||
| Q2 25 | $56.1B | — | ||
| Q1 25 | $58.8B | — | ||
| Q4 24 | $58.0B | — | ||
| Q3 24 | $60.5B | — | ||
| Q2 24 | $62.7B | — | ||
| Q1 24 | $66.9B | — |
| Q4 25 | $411.1B | $910.1M | ||
| Q3 25 | $369.6B | $902.7M | ||
| Q2 25 | $333.8B | $884.8M | ||
| Q1 25 | $305.9B | $877.0M | ||
| Q4 24 | $286.0B | $911.0M | ||
| Q3 24 | $259.2B | $897.4M | ||
| Q2 24 | $236.4B | $874.9M | ||
| Q1 24 | $216.7B | $852.7M |
| Q4 25 | $818.0B | $1.4B | ||
| Q3 25 | $727.9B | $1.3B | ||
| Q2 25 | $682.2B | $1.3B | ||
| Q1 25 | $643.3B | $1.2B | ||
| Q4 24 | $624.9B | $1.3B | ||
| Q3 24 | $584.6B | $1.3B | ||
| Q2 24 | $554.8B | $1.3B | ||
| Q1 24 | $531.0B | $1.2B |
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.19× | — | ||
| Q4 24 | 0.20× | — | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 0.27× | — | ||
| Q1 24 | 0.31× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $54.5B | $27.4M |
| Free Cash FlowOCF − Capex | $14.9B | $25.2M |
| FCF MarginFCF / Revenue | 7.0% | 3.6% |
| Capex IntensityCapex / Revenue | 18.5% | 0.3% |
| Cash ConversionOCF / Net Profit | 2.57× | 1.32× |
| TTM Free Cash FlowTrailing 4 quarters | $7.7B | $58.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.5B | $27.4M | ||
| Q3 25 | $35.5B | $64.1M | ||
| Q2 25 | $32.5B | $26.3M | ||
| Q1 25 | $17.0B | $-52.4M | ||
| Q4 24 | $45.6B | $25.2M | ||
| Q3 24 | $26.0B | $52.9M | ||
| Q2 24 | $25.3B | $38.4M | ||
| Q1 24 | $19.0B | $57.3M |
| Q4 25 | $14.9B | $25.2M | ||
| Q3 25 | $430.0M | $62.3M | ||
| Q2 25 | $332.0M | $24.6M | ||
| Q1 25 | $-8.0B | $-54.1M | ||
| Q4 24 | $17.8B | $22.9M | ||
| Q3 24 | $3.4B | $51.2M | ||
| Q2 24 | $7.7B | $36.6M | ||
| Q1 24 | $4.1B | $55.7M |
| Q4 25 | 7.0% | 3.6% | ||
| Q3 25 | 0.2% | 8.8% | ||
| Q2 25 | 0.2% | 3.2% | ||
| Q1 25 | -5.1% | -7.7% | ||
| Q4 24 | 9.5% | 3.2% | ||
| Q3 24 | 2.1% | 7.1% | ||
| Q2 24 | 5.2% | 5.0% | ||
| Q1 24 | 2.8% | 8.8% |
| Q4 25 | 18.5% | 0.3% | ||
| Q3 25 | 19.5% | 0.3% | ||
| Q2 25 | 19.2% | 0.2% | ||
| Q1 25 | 16.1% | 0.2% | ||
| Q4 24 | 14.8% | 0.3% | ||
| Q3 24 | 14.2% | 0.2% | ||
| Q2 24 | 11.9% | 0.2% | ||
| Q1 24 | 10.4% | 0.3% |
| Q4 25 | 2.57× | 1.32× | ||
| Q3 25 | 1.68× | 2.59× | ||
| Q2 25 | 1.79× | 1.06× | ||
| Q1 25 | 0.99× | -3.89× | ||
| Q4 24 | 2.28× | 1.22× | ||
| Q3 24 | 1.69× | 1.96× | ||
| Q2 24 | 1.87× | 1.47× | ||
| Q1 24 | 1.82× | 4.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMZN
| Products | $90.0B | 42% |
| Third Party Seller Services | $52.8B | 25% |
| Other | $49.9B | 23% |
| Subscription Services | $13.1B | 6% |
| Physical Stores | $5.9B | 3% |
| Other Services | $1.7B | 1% |
CNXN
| Small And Medium Sized Businesses Segment | $273.5M | 39% |
| Notebooks And Mobility | $108.6M | 15% |
| Public Sector | $90.8M | 13% |
| Accessories | $46.4M | 7% |
| Desktops | $44.5M | 6% |
| Displays And Sounds | $37.1M | 5% |
| Software | $32.3M | 5% |
| Other Hardware And Services | $30.7M | 4% |
| Net And Com | $21.4M | 3% |
| Servers And Storage | $17.6M | 3% |
