CNXN vs NSIT: PC Connection and Insight Enterprises compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Insight Enterprises is the larger company, worth $5.2B, about 2.1 times PC Connection.
- Insight Enterprises grew revenue faster over the last year (+14.7% vs +12.4%).
- Insight Enterprises keeps more of each dollar of revenue as operating profit (4.6% vs 3.9%).
- On earnings, PC Connection is the cheaper stock (28.3x vs 30.8x).
- PC Connection's price assumes faster free cash flow growth: about 15% a year, against 4% for Insight Enterprises (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | CNXN | NSIT |
|---|---|---|
| Market cap | $2.5B | $5.2B |
| Share price | $92.81 | $163.61 |
| Revenue (last fiscal year) | $2.9B | $8.2B |
| Free cash flow (last fiscal year) | $58M | $279M |
| Revenue growth, last year | +12.4% | +14.7% |
| Revenue growth per year, last 5 fiscal years | -0.2% | -3.3% |
| Operating margin | 3.9% | 4.6% |
| Net margin | 3.2% | 2.5% |
| Return on equity | 10.1% | 13.1% |
| P/E (trailing) | 28.3x | 30.8x |
| Price / free cash flow | 42.2x | 18.7x |
| EV / EBITDA | 14.6x | 12.7x |
| FCF growth the price implies | 14.8% | 4.1% |
| Dividend yield | 0.68% | — |
| Debt / equity | 0.50x | 6.10x |
| Fundamental grade | C | C |
| Superinvestors holding it | 1 | 1 |
| Insider purchases, last 12 months | 0 | 3 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
PC Connection
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $2.9B | $47M | 3.3% |
| 2022 | $3.1B | $26M | 3.9% |
| 2023 | $2.9B | $188M | 3.6% |
| 2024 | $2.8B | $166M | 3.5% |
| 2025 | $2.9B | $58M | 3.5% |
Insight Enterprises
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $9.4B | $112M | 3.5% |
| 2022 | $10.4B | $27M | 4.0% |
| 2023 | $9.2B | $580M | 4.6% |
| 2024 | $8.7B | $586M | 4.5% |
| 2025 | $8.2B | $279M | 4.1% |
Where the revenue comes from
PC Connection · by segments, 2025
Enterprise Solutions$1.3B45%
Business Solutions$1.1B38%
Public Sector Solutions$508M18%
Insight Enterprises · by products, 2025
Hardware$4.6B56%
Software$1.9B23%
Services$1.7B21%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open CNXN in InvestinglyQuestions
Which is bigger, PC Connection or Insight Enterprises?
Insight Enterprises (NSIT), at $5.2B against $2.5B.
Is CNXN or NSIT cheaper?
By trailing P/E, PC Connection (28.3x) is cheaper than Insight Enterprises (30.8x). A lower multiple can also mean the market expects less growth.
Which grows faster, CNXN or NSIT?
Insight Enterprises: revenue grew +14.7% over the last year, against +12.4%.
More comparisons
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.