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Side-by-side financial comparison of PC CONNECTION INC (CNXN) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
SCANSOURCE, INC. is the larger business by last-quarter revenue ($766.5M vs $702.9M, roughly 1.1× PC CONNECTION INC). PC CONNECTION INC runs the higher net margin — 2.9% vs 2.2%, a 0.8% gap on every dollar of revenue. On growth, SCANSOURCE, INC. posted the faster year-over-year revenue change (2.5% vs -0.8%). SCANSOURCE, INC. produced more free cash flow last quarter ($28.9M vs $25.2M). Over the past eight quarters, PC CONNECTION INC's revenue compounded faster (5.5% CAGR vs 0.9%).
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.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
CNXN vs SCSC — Head-to-Head
Income Statement — Q4 2025 vs Q2 2026
| Metric | | |
|---|---|---|
| Revenue | $702.9M | $766.5M |
| Net Profit | $20.7M | $16.5M |
| Gross Margin | 19.3% | 13.4% |
| Operating Margin | 3.4% | 2.3% |
| Net Margin | 2.9% | 2.2% |
| Revenue YoY | -0.8% | 2.5% |
| Net Profit YoY | -0.0% | -3.3% |
| EPS (diluted) | $0.82 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $709.1M | $739.6M | ||
| Q2 25 | $759.7M | $812.9M | ||
| Q1 25 | $701.0M | $704.8M | ||
| Q4 24 | $708.9M | $747.5M | ||
| Q3 24 | $724.7M | $775.6M | ||
| Q2 24 | $736.5M | $746.1M | ||
| Q1 24 | $632.0M | $752.6M |
| Q4 25 | $20.7M | $16.5M | ||
| Q3 25 | $24.7M | $19.9M | ||
| Q2 25 | $24.8M | $20.1M | ||
| Q1 25 | $13.5M | $17.4M | ||
| Q4 24 | $20.7M | $17.1M | ||
| Q3 24 | $27.1M | $17.0M | ||
| Q2 24 | $26.2M | $16.1M | ||
| Q1 24 | $13.2M | $12.8M |
| Q4 25 | 19.3% | 13.4% | ||
| Q3 25 | 19.6% | 14.5% | ||
| Q2 25 | 18.1% | 12.9% | ||
| Q1 25 | 18.2% | 14.2% | ||
| Q4 24 | 18.3% | 13.6% | ||
| Q3 24 | 18.7% | 13.1% | ||
| Q2 24 | 18.5% | 13.0% | ||
| Q1 24 | 18.7% | 12.6% |
| Q4 25 | 3.4% | 2.3% | ||
| Q3 25 | 4.3% | 3.5% | ||
| Q2 25 | 4.1% | 3.3% | ||
| Q1 25 | 2.1% | 3.2% | ||
| Q4 24 | 3.2% | 2.5% | ||
| Q3 24 | 4.1% | 2.3% | ||
| Q2 24 | 4.2% | 2.9% | ||
| Q1 24 | 2.1% | 2.3% |
| Q4 25 | 2.9% | 2.2% | ||
| Q3 25 | 3.5% | 2.7% | ||
| Q2 25 | 3.3% | 2.5% | ||
| Q1 25 | 1.9% | 2.5% | ||
| Q4 24 | 2.9% | 2.3% | ||
| Q3 24 | 3.7% | 2.2% | ||
| Q2 24 | 3.6% | 2.2% | ||
| Q1 24 | 2.1% | 1.7% |
| Q4 25 | $0.82 | $0.75 | ||
| Q3 25 | $0.97 | $0.89 | ||
| Q2 25 | $0.97 | $0.87 | ||
| Q1 25 | $0.51 | $0.74 | ||
| Q4 24 | $0.78 | $0.70 | ||
| Q3 24 | $1.02 | $0.69 | ||
| Q2 24 | $0.99 | $0.66 | ||
| Q1 24 | $0.50 | $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 | $83.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $910.1M | $910.9M |
| Total Assets | $1.4B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $406.7M | $83.5M | ||
| Q3 25 | $399.2M | $124.9M | ||
| Q2 25 | $346.1M | $126.2M | ||
| Q1 25 | $340.3M | $146.3M | ||
| Q4 24 | $442.6M | $110.5M | ||
| Q3 24 | $429.1M | $145.0M | ||
| Q2 24 | $385.8M | $185.5M | ||
| Q1 24 | $352.0M | $159.1M |
| Q4 25 | $910.1M | $910.9M | ||
| Q3 25 | $902.7M | $914.0M | ||
| Q2 25 | $884.8M | $906.4M | ||
| Q1 25 | $877.0M | $901.7M | ||
| Q4 24 | $911.0M | $900.7M | ||
| Q3 24 | $897.4M | $920.9M | ||
| Q2 24 | $874.9M | $924.3M | ||
| Q1 24 | $852.7M | $944.1M |
| Q4 25 | $1.4B | $1.7B | ||
| Q3 25 | $1.3B | $1.7B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.3B | $1.8B | ||
| Q2 24 | $1.3B | $1.8B | ||
| Q1 24 | $1.2B | $1.8B |
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 | $30.8M |
| Free Cash FlowOCF − Capex | $25.2M | $28.9M |
| FCF MarginFCF / Revenue | 3.6% | 3.8% |
| Capex IntensityCapex / Revenue | 0.3% | 0.3% |
| Cash ConversionOCF / Net Profit | 1.32× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $58.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.4M | $30.8M | ||
| Q3 25 | $64.1M | $23.2M | ||
| Q2 25 | $26.3M | — | ||
| Q1 25 | $-52.4M | $66.1M | ||
| Q4 24 | $25.2M | $-6.2M | ||
| Q3 24 | $52.9M | $44.8M | ||
| Q2 24 | $38.4M | — | ||
| Q1 24 | $57.3M | $160.2M |
| Q4 25 | $25.2M | $28.9M | ||
| Q3 25 | $62.3M | $20.8M | ||
| Q2 25 | $24.6M | — | ||
| Q1 25 | $-54.1M | $64.6M | ||
| Q4 24 | $22.9M | $-8.2M | ||
| Q3 24 | $51.2M | $42.5M | ||
| Q2 24 | $36.6M | — | ||
| Q1 24 | $55.7M | $157.7M |
| Q4 25 | 3.6% | 3.8% | ||
| Q3 25 | 8.8% | 2.8% | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | -7.7% | 9.2% | ||
| Q4 24 | 3.2% | -1.1% | ||
| Q3 24 | 7.1% | 5.5% | ||
| Q2 24 | 5.0% | — | ||
| Q1 24 | 8.8% | 21.0% |
| Q4 25 | 0.3% | 0.3% | ||
| Q3 25 | 0.3% | 0.3% | ||
| Q2 25 | 0.2% | 0.3% | ||
| Q1 25 | 0.2% | 0.2% | ||
| Q4 24 | 0.3% | 0.3% | ||
| Q3 24 | 0.2% | 0.3% | ||
| Q2 24 | 0.2% | 0.2% | ||
| Q1 24 | 0.3% | 0.3% |
| Q4 25 | 1.32× | 1.87× | ||
| Q3 25 | 2.59× | 1.17× | ||
| Q2 25 | 1.06× | — | ||
| Q1 25 | -3.89× | 3.79× | ||
| Q4 24 | 1.22× | -0.36× | ||
| Q3 24 | 1.96× | 2.64× | ||
| Q2 24 | 1.47× | — | ||
| Q1 24 | 4.35× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
