PC Connection Inc (CNXN)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 519,794 | 511,736 | 526,177 | 464,579 | 418,807 |
| Revenue | US$ in thousands | 2,802,060 | 2,850,070 | 3,124,980 | 2,892,630 | 2,590,160 |
| Gross profit margin | 18.55% | 17.96% | 16.84% | 16.06% | 16.17% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $519,794K ÷ $2,802,060K
= 18.55%
The gross profit margin of PC Connection Inc has shown a fluctuating trend over the period from December 31, 2020, to December 31, 2024. The margin increased from 16.17% in 2020 to 16.06% in 2021, demonstrating a slight decrease. However, there was a notable improvement in the margin in the subsequent years, with a rise to 16.84% in 2022, 17.96% in 2023, and further to 18.55% in 2024. This upward trajectory indicates that the company has effectively managed its cost of goods sold relative to its sales revenue, leading to a higher percentage of revenue retained as gross profit. The consistent improvement in gross profit margin suggests enhanced operational efficiency and pricing strategies implemented by PC Connection Inc over the analyzed period.
Peer comparison
Dec 31, 2024