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Side-by-side financial comparison of PC CONNECTION INC (CNXN) and INGLES MARKETS INC (IMKTA). Click either name above to swap in a different company.
INGLES MARKETS INC is the larger business by last-quarter revenue ($1.4B vs $702.9M, roughly 2.0× PC CONNECTION INC). PC CONNECTION INC runs the higher net margin — 2.9% vs 2.0%, a 0.9% gap on every dollar of revenue. On growth, INGLES MARKETS INC posted the faster year-over-year revenue change (6.6% vs -0.8%). PC CONNECTION INC produced more free cash flow last quarter ($25.2M vs $2.1M). Over the past eight quarters, PC CONNECTION INC's revenue compounded faster (5.5% CAGR vs 0.2%).
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.
Ingles Markets, Inc. is an American supermarket chain based in Black Mountain, North Carolina. As of September 2021, the company operates 198 supermarkets in the Appalachian region of the Southeastern United States. The company is listed on the NASDAQ under the ticker symbol IMKTA and is part of the Global Select Market tier of trading.
CNXN vs IMKTA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $702.9M | $1.4B |
| Net Profit | $20.7M | $28.1M |
| Gross Margin | 19.3% | 24.4% |
| Operating Margin | 3.4% | 2.9% |
| Net Margin | 2.9% | 2.0% |
| Revenue YoY | -0.8% | 6.6% |
| Net Profit YoY | -0.0% | 69.6% |
| EPS (diluted) | $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 | $702.9M | $1.4B | ||
| Q3 25 | $709.1M | $1.4B | ||
| Q2 25 | $759.7M | $1.3B | ||
| Q1 25 | $701.0M | $1.3B | ||
| Q4 24 | $708.9M | $1.3B | ||
| Q3 24 | $724.7M | $1.4B | ||
| Q2 24 | $736.5M | $1.4B | ||
| Q1 24 | $632.0M | $1.4B |
| Q4 25 | $20.7M | $28.1M | ||
| Q3 25 | $24.7M | $25.7M | ||
| Q2 25 | $24.8M | $26.2M | ||
| Q1 25 | $13.5M | $15.1M | ||
| Q4 24 | $20.7M | $16.6M | ||
| Q3 24 | $27.1M | $-1.5M | ||
| Q2 24 | $26.2M | $31.7M | ||
| Q1 24 | $13.2M | $31.9M |
| Q4 25 | 19.3% | 24.4% | ||
| Q3 25 | 19.6% | 24.5% | ||
| Q2 25 | 18.1% | 24.3% | ||
| Q1 25 | 18.2% | 23.4% | ||
| Q4 24 | 18.3% | 23.4% | ||
| Q3 24 | 18.7% | 21.4% | ||
| Q2 24 | 18.5% | 23.7% | ||
| Q1 24 | 18.7% | 23.5% |
| Q4 25 | 3.4% | 2.9% | ||
| Q3 25 | 4.3% | 2.6% | ||
| Q2 25 | 4.1% | 2.8% | ||
| Q1 25 | 2.1% | 1.6% | ||
| Q4 24 | 3.2% | 1.8% | ||
| Q3 24 | 4.1% | -0.1% | ||
| Q2 24 | 4.2% | 3.2% | ||
| Q1 24 | 2.1% | 3.3% |
| Q4 25 | 2.9% | 2.0% | ||
| Q3 25 | 3.5% | 1.9% | ||
| Q2 25 | 3.3% | 1.9% | ||
| Q1 25 | 1.9% | 1.1% | ||
| Q4 24 | 2.9% | 1.3% | ||
| Q3 24 | 3.7% | -0.1% | ||
| Q2 24 | 3.6% | 2.3% | ||
| Q1 24 | 2.1% | 2.3% |
| Q4 25 | $0.82 | — | ||
| Q3 25 | $0.97 | — | ||
| Q2 25 | $0.97 | — | ||
| Q1 25 | $0.51 | — | ||
| Q4 24 | $0.78 | — | ||
| Q3 24 | $1.02 | — | ||
| Q2 24 | $0.99 | — | ||
| Q1 24 | $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 | $406.7M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $910.1M | $1.6B |
| Total Assets | $1.4B | $2.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $406.7M | — | ||
| Q3 25 | $399.2M | — | ||
| Q2 25 | $346.1M | — | ||
| Q1 25 | $340.3M | — | ||
| Q4 24 | $442.6M | — | ||
| Q3 24 | $429.1M | — | ||
| Q2 24 | $385.8M | — | ||
| Q1 24 | $352.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $514.8M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $532.6M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $910.1M | $1.6B | ||
| Q3 25 | $902.7M | $1.6B | ||
| Q2 25 | $884.8M | $1.6B | ||
| Q1 25 | $877.0M | $1.6B | ||
| Q4 24 | $911.0M | $1.6B | ||
| Q3 24 | $897.4M | $1.5B | ||
| Q2 24 | $874.9M | $1.6B | ||
| Q1 24 | $852.7M | $1.5B |
| Q4 25 | $1.4B | $2.6B | ||
| Q3 25 | $1.3B | $2.6B | ||
| Q2 25 | $1.3B | $2.5B | ||
| Q1 25 | $1.2B | $2.5B | ||
| Q4 24 | $1.3B | $2.5B | ||
| Q3 24 | $1.3B | $2.5B | ||
| Q2 24 | $1.3B | $2.5B | ||
| Q1 24 | $1.2B | $2.5B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.32× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $27.4M | $38.4M |
| Free Cash FlowOCF − Capex | $25.2M | $2.1M |
| FCF MarginFCF / Revenue | 3.6% | 0.1% |
| Capex IntensityCapex / Revenue | 0.3% | 2.6% |
| Cash ConversionOCF / Net Profit | 1.32× | 1.37× |
| TTM Free Cash FlowTrailing 4 quarters | $58.0M | $123.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.4M | $38.4M | ||
| Q3 25 | $64.1M | $59.9M | ||
| Q2 25 | $26.3M | $74.8M | ||
| Q1 25 | $-52.4M | $63.1M | ||
| Q4 24 | $25.2M | $-43.6M | ||
| Q3 24 | $52.9M | $73.3M | ||
| Q2 24 | $38.4M | $103.3M | ||
| Q1 24 | $57.3M | $70.4M |
| Q4 25 | $25.2M | $2.1M | ||
| Q3 25 | $62.3M | $36.8M | ||
| Q2 25 | $24.6M | $45.4M | ||
| Q1 25 | $-54.1M | $38.9M | ||
| Q4 24 | $22.9M | $-81.4M | ||
| Q3 24 | $51.2M | $5.4M | ||
| Q2 24 | $36.6M | $58.6M | ||
| Q1 24 | $55.7M | $35.3M |
| Q4 25 | 3.6% | 0.1% | ||
| Q3 25 | 8.8% | 2.7% | ||
| Q2 25 | 3.2% | 3.4% | ||
| Q1 25 | -7.7% | 2.9% | ||
| Q4 24 | 3.2% | -6.3% | ||
| Q3 24 | 7.1% | 0.4% | ||
| Q2 24 | 5.0% | 4.2% | ||
| Q1 24 | 8.8% | 2.6% |
| Q4 25 | 0.3% | 2.6% | ||
| Q3 25 | 0.3% | 1.7% | ||
| Q2 25 | 0.2% | 2.2% | ||
| Q1 25 | 0.2% | 1.8% | ||
| Q4 24 | 0.3% | 2.9% | ||
| Q3 24 | 0.2% | 4.9% | ||
| Q2 24 | 0.2% | 3.2% | ||
| Q1 24 | 0.3% | 2.6% |
| Q4 25 | 1.32× | 1.37× | ||
| Q3 25 | 2.59× | 2.33× | ||
| Q2 25 | 1.06× | 2.85× | ||
| Q1 25 | -3.89× | 4.17× | ||
| Q4 24 | 1.22× | -2.63× | ||
| Q3 24 | 1.96× | — | ||
| Q2 24 | 1.47× | 3.26× | ||
| Q1 24 | 4.35× | 2.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
IMKTA
| Grocery | $502.1M | 37% |
| Perishables | $359.7M | 26% |
| Non Foods | $305.5M | 22% |
| Gasoline | $152.1M | 11% |
| Other | $53.6M | 4% |
