PC Connection vs ePlus
PC Connection reported revenue of $2.9 billion in fiscal 2025, 1.2 times ePlus' $2.4 billion in fiscal 2026. PC Connection's revenue grew 2.5% in its latest year, and ePlus' grew 22.1%. PC Connection had an operating margin of 3.5%, against 6.8% at ePlus. Free cash flow was $58 million at PC Connection and −$121 million at ePlus. Their fiscal years end in different months (December 31 and March 31), so the periods don't line up exactly.
Side by side
| PC Connection | ePlus | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2026, Mar 31, 2026 |
| Revenue | $2.9B | $2.4B |
| Revenue growth | 2.5% | 22.1% |
| Revenue growth a year, last 5 years | 2.1% | 9.3% |
| Gross margin | 18.8% | 25.2% |
| Operating margin | 3.5% | 6.8% |
| Net margin | 2.9% | 5.4% |
| Free cash flow | $58M | −$121M |
| Free cash flow margin | 2.0% | −4.9% |
| Return on capital | — | — |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $92M | $50M |
| Change in diluted share count | −3.3% | −1.1% |
| Last close | $79.15 | $92.11 |
| P/E at the last close | 19.5× | 18.4× |
| Insider trades, last 12 months | sold $16.3 million | sold $1.6 million |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
PC ConnectionePlus
Operating margin
Percent of revenue
PC ConnectionePlus
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
PC ConnectionePlus
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the PC Connection and ePlus pages.