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PC Connection CNXN Public Sector — Cost of Goods Sold

Other segment segments

Large Account
$314.48M+13.0%
Small And Medium Sized Businesses
$264.79M+18.0%

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Other financials

Income statement

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Revenue$854.0M+12.4%
Gross profit$157.5M+14.3%
Operating income$43.0M+39.2%
Net income$33.2M+33.8%
EPS (diluted)$1.31+35.1%

Balance sheet

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Cash & equivalents$123.7M-33.8%
Total debt$7.5M+196%
Total equity$952.7M+7.7%
Total assets$1.4B+12.5%

Cash flow

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Operating cash flow-$63.8M-343%
CapEx$1.9M+19.2%
Free cash flow-$65.7M-367%

Valuation

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Market cap$2.12B+36.3%
Enterprise value$2.01B+46.1%
P/E22.2×+4.0×
P/S0.7×+0.2×

Profitability

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Gross margin18.9%+0.6pp
Operating margin3.9%+0.5pp
Net margin3.2%+0.2pp
FCF margin1.1%-0.7pp

Returns & leverage

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Return on equity10.4%+0.7pp
Debt / equity0.0×
Current ratio2.9×-0.2×

Where this comes from

Reported directly by PC Connection in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: PC Connection’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:08 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-088136
Line itemEnterprise SolutionsBusiness SolutionsPublic Sector SolutionsTotal
Net sales$369,620$343,870$140,506$853,996
Cost of sales314,475264,789117,260
Personnel costs18,02617,9009,209
Marketing1,5914,5401,246
Allocated corporate overhead18,95522,79611,398
Depreciation and amortization1491049
Other segment expenses11,3592,0101,468
Operating income (loss)$15,065$31,731$(84)$46,712

Item 1. Unaudited Condensed Consolidated Financial Statements:

FAQ

What is PC Connection's public sector — cost of goods sold?
PC Connection (CNXN) reported public sector — cost of goods sold of $117.26M in Q2 2026.
How has PC Connection's public sector — cost of goods sold changed year-over-year?
PC Connection's public sector — cost of goods sold decreased by 1.6% year-over-year, from $119.22M to $117.26M.
What is the long-term trend for PC Connection's public sector — cost of goods sold?
Over 3 years (2022 to 2025), PC Connection's public sector — cost of goods sold has grown at a -3.5% compound annual growth rate (CAGR), from $475.16M to $427.12M.
What does public sector — cost of goods sold mean?
This represents the direct costs incurred by the public sector segment to acquire the hardware, software, and services sold to customers. It is a critical indicator of the segment's procurement efficiency and the direct cost structure associated with fulfilling public sector IT contracts.

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