PC Connection Inc (CNXN) - Net Assets
Based on the latest financial reports, PC Connection Inc (CNXN) has net assets worth $910.13 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.35 Billion) and total liabilities ($440.80 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check CNXN asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $910.13 Million |
| % of Total Assets | 67.37% |
| Annual Growth Rate | 13.85% |
| 5-Year Change | 33.36% |
| 10-Year Change | 109.98% |
| Growth Volatility | 34.52 |
PC Connection Inc - Net Assets Trend (1997–2025)
This chart illustrates how PC Connection Inc's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of PC Connection Inc for the complete picture of this company's asset base.
Annual Net Assets for PC Connection Inc (1997–2025)
The table below shows the annual net assets of PC Connection Inc from 1997 to 2025. For live valuation and market cap data, see PC Connection Inc (CNXN) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $910.13 Million | -0.09% |
| 2024-12-31 | $910.99 Million | +8.35% |
| 2023-12-31 | $840.77 Million | +9.74% |
| 2022-12-31 | $766.17 Million | +12.26% |
| 2021-12-31 | $682.47 Million | +7.25% |
| 2020-12-31 | $636.33 Million | +6.53% |
| 2019-12-31 | $597.31 Million | +13.58% |
| 2018-12-31 | $525.90 Million | +9.05% |
| 2017-12-31 | $482.25 Million | +11.26% |
| 2016-12-31 | $433.44 Million | +10.44% |
| 2015-12-31 | $392.45 Million | +10.86% |
| 2014-12-31 | $354.01 Million | +10.69% |
| 2013-12-31 | $319.83 Million | +9.79% |
| 2012-12-31 | $291.30 Million | +6.50% |
| 2011-12-31 | $273.53 Million | +6.17% |
| 2010-12-31 | $257.64 Million | +9.51% |
| 2009-12-31 | $235.27 Million | -0.02% |
| 2008-12-31 | $235.32 Million | +4.91% |
| 2007-12-31 | $224.31 Million | +13.92% |
| 2006-12-31 | $196.90 Million | +14.88% |
| 2005-12-31 | $171.40 Million | +3.15% |
| 2004-12-31 | $166.16 Million | +5.71% |
| 2003-12-31 | $157.19 Million | +4.69% |
| 2002-12-31 | $150.14 Million | +2.30% |
| 2001-12-31 | $146.76 Million | +5.82% |
| 2000-12-31 | $138.69 Million | +47.23% |
| 1999-12-31 | $94.20 Million | +35.15% |
| 1998-12-31 | $69.70 Million | +189.21% |
| 1997-12-31 | $24.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PC Connection Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4452.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $905.89 Million | 99.53% |
| Common Stock | $295.00K | 0.03% |
| Other Comprehensive Income | $78.00K | 0.01% |
| Other Components | $3.87 Million | 0.42% |
| Total Equity | $910.13 Million | 100.00% |
PC Connection Inc Competitors by Market Cap
The table below lists competitors of PC Connection Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Taiwan Secom Co Ltd
TW:9917
|
$1.58 Billion |
|
Rumble Inc.
NASDAQ:RUM
|
$1.58 Billion |
|
Deterra Royalties Ltd
AU:DRR
|
$1.58 Billion |
|
Jenoptik AG
F:JEN
|
$1.58 Billion |
|
Reinsurance Group of America Inc
NYSE:RZB
|
$1.58 Billion |
|
China Merchants Property Operation & Service Co Ltd
SHE:001914
|
$1.58 Billion |
|
Suzhou Douson Drilling & Production Equipment Co Ltd
SHG:603800
|
$1.58 Billion |
|
Sildarvinnslan Hf.
IC:SVN
|
$1.58 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PC Connection Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 910,990,000 to 910,130,000, a change of -860,000 (-0.1%).
- Net income of 83,722,000 contributed positively to equity growth.
- Dividend payments of 15,298,000 reduced retained earnings.
- Share repurchases of 76,265,000 reduced equity.
- Other comprehensive income decreased equity by 96,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $83.72 Million | +9.2% |
| Dividends Paid | $15.30 Million | -1.68% |
| Share Repurchases | $76.27 Million | -8.38% |
| Other Comprehensive Income | $-96.00K | -0.01% |
| Other Changes | $7.08 Million | +0.78% |
| Total Change | $- | -0.09% |
Book Value vs Market Value Analysis
This analysis compares PC Connection Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.79x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 59.70x to 1.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | $1.08 | $64.30 | x |
| 1998-12-31 | $2.98 | $64.30 | x |
| 1999-12-31 | $2.61 | $64.30 | x |
| 2000-12-31 | $5.42 | $64.30 | x |
| 2001-12-31 | $5.88 | $64.30 | x |
| 2002-12-31 | $6.04 | $64.30 | x |
| 2003-12-31 | $6.26 | $64.30 | x |
| 2004-12-31 | $6.58 | $64.30 | x |
| 2005-12-31 | $6.78 | $64.30 | x |
| 2006-12-31 | $7.65 | $64.30 | x |
| 2007-12-31 | $8.30 | $64.30 | x |
| 2008-12-31 | $8.75 | $64.30 | x |
| 2009-12-31 | $8.77 | $64.30 | x |
| 2010-12-31 | $9.52 | $64.30 | x |
| 2011-12-31 | $10.21 | $64.30 | x |
| 2012-12-31 | $10.96 | $64.30 | x |
| 2013-12-31 | $12.12 | $64.30 | x |
| 2014-12-31 | $13.35 | $64.30 | x |
| 2015-12-31 | $14.74 | $64.30 | x |
| 2016-12-31 | $16.22 | $64.30 | x |
| 2017-12-31 | $17.93 | $64.30 | x |
| 2018-12-31 | $19.58 | $64.30 | x |
| 2019-12-31 | $22.54 | $64.30 | x |
| 2020-12-31 | $24.16 | $64.30 | x |
| 2021-12-31 | $25.89 | $64.30 | x |
| 2022-12-31 | $28.97 | $64.30 | x |
| 2023-12-31 | $31.81 | $64.30 | x |
| 2024-12-31 | $34.37 | $64.30 | x |
| 2025-12-31 | $35.93 | $64.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PC Connection Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.20%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.91%
- • Asset Turnover: 2.13x
- • Equity Multiplier: 1.48x
- Recent ROE (9.20%) is below the historical average (10.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 21.58% | 0.94% | 5.22x | 4.37x | $2.79 Million |
| 1998 | 26.69% | 2.54% | 4.45x | 2.36x | $11.63 Million |
| 1999 | 24.10% | 2.15% | 4.73x | 2.37x | $13.28 Million |
| 2000 | 22.69% | 2.17% | 5.79x | 1.81x | $17.59 Million |
| 2001 | 5.03% | 0.62% | 4.87x | 1.66x | $-7.30 Million |
| 2002 | 2.16% | 0.27% | 4.43x | 1.79x | $-11.77 Million |
| 2003 | 3.75% | 0.45% | 4.24x | 1.97x | $-9.83 Million |
| 2004 | 5.00% | 0.61% | 4.72x | 1.72x | $-8.31 Million |
| 2005 | 2.59% | 0.31% | 4.28x | 1.97x | $-12.69 Million |
| 2006 | 7.00% | 0.84% | 4.72x | 1.76x | $-5.91 Million |
| 2007 | 10.25% | 1.29% | 4.69x | 1.70x | $564.00K |
| 2008 | 4.40% | 0.59% | 4.64x | 1.61x | $-13.17 Million |
| 2009 | -0.52% | -0.08% | 3.91x | 1.70x | $-24.75 Million |
| 2010 | 8.91% | 1.16% | 4.69x | 1.63x | $-2.80 Million |
| 2011 | 10.52% | 1.37% | 4.49x | 1.71x | $1.43 Million |
| 2012 | 11.35% | 1.53% | 4.61x | 1.61x | $3.94 Million |
| 2013 | 11.16% | 1.61% | 4.43x | 1.57x | $3.70 Million |
| 2014 | 12.06% | 1.73% | 4.56x | 1.53x | $7.28 Million |
| 2015 | 11.93% | 1.82% | 4.03x | 1.63x | $7.58 Million |
| 2016 | 11.10% | 1.79% | 3.92x | 1.58x | $4.77 Million |
| 2017 | 11.38% | 1.88% | 3.89x | 1.55x | $6.63 Million |
| 2018 | 12.28% | 2.39% | 3.35x | 1.53x | $12.00 Million |
| 2019 | 13.75% | 2.91% | 2.98x | 1.58x | $22.38 Million |
| 2020 | 8.76% | 2.15% | 2.52x | 1.61x | $-7.87 Million |
| 2021 | 10.24% | 2.42% | 2.67x | 1.59x | $1.66 Million |
| 2022 | 11.64% | 2.86% | 2.84x | 1.44x | $12.60 Million |
| 2023 | 9.90% | 2.92% | 2.40x | 1.41x | $-805.70K |
| 2024 | 9.56% | 3.11% | 2.16x | 1.43x | $-4.00 Million |
| 2025 | 9.20% | 2.91% | 2.13x | 1.48x | $-7.29 Million |
Industry Comparison
This section compares PC Connection Inc's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $1,001,499,910
- Average return on equity (ROE) among peers: 5.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PC Connection Inc (CNXN) | $910.13 Million | 21.58% | 0.48x | $1.58 Billion |
| Arrow Electronics Inc (ARW) | $1.43 Billion | 11.44% | 1.47x | $8.05 Billion |
| Avnet Inc (AVT) | $4.69 Billion | 10.80% | 1.40x | $4.89 Billion |
| Climb Global Solutions (CLMB) | $34.80 Million | -2.01% | 1.75x | $87.00 Million |
| ICZOOM Group Inc. Class A Ordinary Shares (IZM) | $1.78 Million | 3.25% | 21.59x | $3.11 Million |
| Insight Enterprises Inc (NSIT) | $713.44 Million | 11.87% | 2.11x | $2.26 Billion |
| ScanSource Inc (SCSC) | $866.38 Million | 3.83% | 1.25x | $887.10 Million |
| Synnex Corporation (SNX) | $255.40 Million | 11.74% | 2.09x | $12.76 Billion |
| Taitron Components Incorporated (TAIT) | $17.81 Million | -4.15% | 0.15x | $8.41 Million |
About PC Connection Inc
PC Connection, Inc., together with its subsidiaries, provides various information technology (IT) solutions worldwide. It operates in three segments: Connection Enterprise Solutions, Connection Business Solutions, and Connection Public Sector Solutions. The company offers IT solutions, including computer systems, data center solutions, and artificial intelligence; a portfolio of managed services … Read more