Quick verdict: CNXN vs HIMX in 2026

PC Connection, Inc. (CNXN) holds an overall edge in this stock comparison against Himax Technologies, Inc. (HIMX), securing wins in key areas like revenue growth, valuation multiples, and analyst sentiment. CNXN emerges as the clear growth leader with positive revenue trends, while it also represents a more compelling value proposition. Conversely, HIMX stands out as the margin leader, demonstrating superior profitability metrics, and, critically, analysts project less severe downside for HIMX compared to CNXN based on current target prices. Not investment advice.

CNXN vs HIMX: key metrics side by side

Full side-by-side comparison of CNXN and HIMX across valuation, profitability, growth and analyst sentiment. Data updated 2026-05-08.

CNXN vs HIMX valuation comparison

When considering CNXN vs HIMX valuation, PC Connection, Inc. (CNXN) appears to offer a more attractive entry point based on traditional valuation metrics. CNXN trades at a P/E ratio of 18.83x, significantly lower than Himax Technologies, Inc.’s (HIMX) P/E of 63.67x. This suggests that investors are paying considerably less for each dollar of CNXN’s earnings compared to HIMX. Similarly, CNXN’s price-to-book (P/B) ratio stands at a modest 1.79x, which is much lower than HIMX’s 3.13x, indicating better value relative to its assets.

Furthermore, a Discounted Cash Flow (DCF) analysis provides a stark contrast, with CNXN showing a potential upside of +25.9% from its current price of $65.35 to a DCF value of $82.27. In comparison, HIMX’s DCF valuation of $7.29 suggests a substantial downside of -54.5% from its current price of $16.03. This indicates that CNXN is not only cheaper on multiples but also has a much more favorable intrinsic value assessment. Overall, for investors prioritizing valuation, CNXN presents a clearer case for being the cheaper stock with significant potential upside.

CNXN vs HIMX growth comparison

In the CNXN vs HIMX growth comparison, PC Connection, Inc. (CNXN) demonstrates positive momentum, reporting a year-over-year revenue growth of +2.5%. This modest but steady expansion suggests the company is effectively navigating its market and expanding its top line. With total revenue at $2.87 billion, CNXN operates on a larger scale, which can sometimes make percentage growth more challenging to achieve but also signifies a more established market presence.

Himax Technologies, Inc. (HIMX), on the other hand, faces significant headwinds in its growth trajectory, with revenue declining by -8.2% year-over-year from $832,173,000. This contraction raises concerns for growth-oriented investors, indicating potential challenges in demand or market share within its sector. Despite HIMX exhibiting higher net and EBITDA margins, a negative revenue growth rate suggests that the company currently lacks the robust top-line momentum that CNXN is maintaining. Therefore, CNXN clearly has stronger momentum in terms of revenue growth in the current market conditions.

CNXN vs HIMX profitability

When analyzing CNXN vs HIMX profitability, Himax Technologies, Inc. (HIMX) generally outperforms PC Connection, Inc. (CNXN) in terms of margin efficiency. HIMX boasts a net margin of 5.29%, which is notably higher than CNXN’s 3.02%. This indicates that HIMX is more effective at converting its revenue into net income. Similarly, HIMX’s EBITDA margin of 9.23% significantly surpasses CNXN’s 4.52%, further underscoring its superior operational profitability before accounting for depreciation, amortization, interest, and taxes.

However, a closer look at cash generation reveals a different picture. CNXN exhibits a robust Free Cash Flow (FCF) yield of 7.55%, which is considerably higher than HIMX’s 4.27%. This suggests that while HIMX might be more profitable on an earnings basis, CNXN is generating a healthier amount of cash relative to its market capitalization, which is crucial for long-term financial flexibility, debt repayment, and potential shareholder returns. Both companies report an N/A% for Return on Equity (ROE), preventing a direct comparison on that specific metric. Therefore, while HIMX shows stronger earnings and operational margins, CNXN generates more free cash, presenting a nuanced view of which company truly generates more cash.

Analyst ratings: CNXN vs HIMX

The analyst sentiment for CNXN vs HIMX presents a mixed but telling picture. PC Connection, Inc. (CNXN) benefits from unanimous support, with 100.0% of the single analyst covering the stock issuing a “Buy” rating. This strong conviction, albeit from a limited analyst pool, suggests a very positive outlook. However, the consensus target price for CNXN stands at $0, implying a substantial downside of -100.0% from its current price of $65.35, which creates a perplexing contradiction between the “Buy” rating and the assigned target.

Himax Technologies, Inc. (HIMX) is covered by a larger group of 20 analysts, with 55.0% maintaining a “Buy” rating. This indicates a more divided but still generally positive sentiment among a broader range of experts. The consensus target price for HIMX is $8, which implies a significant downside of -50.1% from its current price of $16.03. While this is still a considerable drop, it is less severe than the -100.0% implied for CNXN. Therefore, despite CNXN having a 100% buy rating, analysts, when considering target price, project less negative downside for HIMX, which suggests a relative preference for HIMX’s near-term price potential from that perspective.

Should I buy CNXN or HIMX stock in 2026?

For growth investors looking to decide if they should buy CNXN or HIMX stock in 2026, PC Connection, Inc. (CNXN) appears to be the more favorable choice. CNXN reported a positive revenue growth of +2.5% year-over-year, indicating steady, albeit moderate, expansion. This contrasts sharply with Himax Technologies, Inc. (HIMX), which experienced a -8.2% revenue decline. While HIMX has superior net and EBITDA margins, the fundamental challenge of negative top-line growth could be a significant deterrent for investors primarily focused on growth potential and market expansion.

Value investors will likely find CNXN more appealing due to its more attractive valuation metrics. CNXN trades at a P/E ratio of 18.83x and a P/B ratio of 1.79x, both considerably lower than HIMX’s 63.67x P/E and 3.13x P/B. Furthermore, CNXN’s Discounted Cash Flow (DCF) analysis suggests a healthy +25.9% upside, whereas HIMX shows a significant -54.5% downside according to its DCF. This combination of lower multiples and positive intrinsic value potential makes CNXN a stronger candidate for those seeking undervalued opportunities.

For income-focused investors, neither CNXN nor HIMX stands out as a strong dividend play. CNXN offers a negligible dividend yield of 0.01%, while HIMX provides a slightly higher, but still minimal, 0.02% dividend yield. Both yields are extremely low, indicating that these stocks are not suitable for investors relying on dividend income. Those interested in income should look elsewhere. Ultimately, the decision of should I buy CNXN or HIMX stock in 2026 depends on individual investment objectives and risk tolerance. This is not investment advice.

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FAQ: CNXN vs HIMX