PC Connection Inc (CNXN)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 117,487 | 122,233 | 120,365 | 111,742 | 113,114 | 105,730 | 103,067 | 110,907 | 121,635 | 128,266 | 123,547 | 112,540 | 96,522 | 86,020 | 79,752 | 66,567 | 73,196 | 82,261 | 93,900 | 115,814 |
| Revenue (ttm) | US$ in thousands | 2,806,655 | 2,795,924 | 2,762,593 | 2,759,661 | 2,850,161 | 2,886,154 | 2,968,760 | 3,063,722 | 3,124,985 | 3,192,747 | 3,168,423 | 3,044,075 | 2,892,633 | 2,768,107 | 2,669,491 | 2,515,332 | 2,590,290 | 2,631,231 | 2,707,889 | 2,898,963 |
| Pretax margin | 4.19% | 4.37% | 4.36% | 4.05% | 3.97% | 3.66% | 3.47% | 3.62% | 3.89% | 4.02% | 3.90% | 3.70% | 3.34% | 3.11% | 2.99% | 2.65% | 2.83% | 3.13% | 3.47% | 4.00% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $117,487K ÷ $2,806,655K
= 4.19%
PC Connection Inc's pretax margin has shown fluctuation over the past few years. The trend indicates a relatively stable performance with some variations. The pretax margin started at 4.00% as of March 31, 2020, then decreased to 2.65% by March 31, 2021, before gradually increasing to 4.37% by September 30, 2024.
Overall, the company's pretax margin has improved from the low point reached in 2021, showing a positive trajectory in recent periods. This suggests that PC Connection Inc has been able to effectively manage its operating expenses and generate more profit before tax relative to its revenue. However, the slight decrease in pretax margin seen in the most recent period, December 31, 2024, may warrant further analysis to understand the factors influencing this change.
Peer comparison
Dec 31, 2024