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CDW vs SNX
Revenue, margins, valuation, and 5-year total return — side by side.
Technology Distributors
CDW vs SNX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Information Technology Services | Technology Distributors |
| Market Cap | $14.22B | $18.77B |
| Revenue (TTM) | $22.90B | $62.51B |
| Net Income (TTM) | $1.08B | $828M |
| Gross Margin | 21.6% | 6.5% |
| Operating Margin | 7.3% | 2.4% |
| Forward P/E | 10.5x | 13.9x |
| Total Debt | $6.33B | $4.61B |
| Cash & Equiv. | $619M | $2.44B |
CDW vs SNX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| CDW Corporation (CDW) | 100 | 99.4 | -0.6% |
| TD SYNNEX Corporati… (SNX) | 100 | 435.1 | +335.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CDW vs SNX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
CDW carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 12 yrs, beta 1.15, yield 2.3%
- Lower volatility, beta 1.15, current ratio 1.18x
- Beta 1.15, yield 2.3%, current ratio 1.18x
SNX is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 6.9%, EPS growth 25.2%, 3Y rev CAGR 0.1%
- 5.0% 10Y total return vs CDW's 210.7%
- 6.9% revenue growth vs CDW's 6.8%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 6.9% revenue growth vs CDW's 6.8% | |
| Value | Lower P/E (10.5x vs 13.9x) | |
| Quality / Margins | 4.7% margin vs SNX's 1.3% | |
| Stability / Safety | Beta 1.15 vs SNX's 1.43 | |
| Dividends | 2.3% yield, 12-year raise streak, vs SNX's 0.8% | |
| Momentum (1Y) | +103.2% vs CDW's -35.8% | |
| Efficiency (ROA) | 6.8% ROA vs SNX's 2.4%, ROIC 15.4% vs 9.9% |
CDW vs SNX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
CDW vs SNX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
CDW leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
SNX is the larger business by revenue, generating $62.5B annually — 2.7x CDW's $22.9B. Profitability is closely matched — net margins range from 4.7% (CDW) to 1.3% (SNX).
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $22.9B | $62.5B |
| EBITDAEarnings before interest/tax | $1.9B | $1.9B |
| Net IncomeAfter-tax profit | $1.1B | $828M |
| Free Cash FlowCash after capex | $1.1B | $1.4B |
| Gross MarginGross profit ÷ Revenue | +21.6% | +6.5% |
| Operating MarginEBIT ÷ Revenue | +7.3% | +2.4% |
| Net MarginNet income ÷ Revenue | +4.7% | +1.3% |
| FCF MarginFCF ÷ Revenue | +4.7% | +2.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +9.2% | +9.7% |
| EPS Growth (YoY)Latest quarter vs prior year | +7.7% | +32.8% |
Valuation Metrics
CDW leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 13.6x trailing earnings, CDW trades at a 42% valuation discount to SNX's 23.4x P/E. On an enterprise value basis, CDW's 10.2x EV/EBITDA is more attractive than SNX's 11.4x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $14.2B | $18.8B |
| Enterprise ValueMkt cap + debt − cash | $19.9B | $20.9B |
| Trailing P/EPrice ÷ TTM EPS | 13.64x | 23.36x |
| Forward P/EPrice ÷ next-FY EPS est. | 10.47x | 13.88x |
| PEG RatioP/E ÷ EPS growth rate | 1.66x | — |
| EV / EBITDAEnterprise value multiple | 10.21x | 11.40x |
| Price / SalesMarket cap ÷ Revenue | 0.63x | 0.30x |
| Price / BookPrice ÷ Book value/share | 5.59x | 2.27x |
| Price / FCFMarket cap ÷ FCF | 13.06x | 13.51x |
Profitability & Efficiency
CDW leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
CDW delivers a 42.4% return on equity — every $100 of shareholder capital generates $42 in annual profit, vs $10 for SNX. SNX carries lower financial leverage with a 0.55x debt-to-equity ratio, signaling a more conservative balance sheet compared to CDW's 2.43x. On the Piotroski fundamental quality scale (0–9), SNX scores 6/9 vs CDW's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +42.4% | +9.8% |
| ROA (TTM)Return on assets | +6.8% | +2.4% |
| ROICReturn on invested capital | +15.4% | +9.9% |
| ROCEReturn on capital employed | +18.4% | +10.8% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 2.43x | 0.55x |
| Net DebtTotal debt minus cash | $5.7B | $2.2B |
| Cash & Equiv.Liquid assets | $619M | $2.4B |
| Total DebtShort + long-term debt | $6.3B | $4.6B |
| Interest CoverageEBIT ÷ Interest expense | 11.25x | 3.96x |
Total Returns (Dividends Reinvested)
SNX leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in SNX five years ago would be worth $19,416 today (with dividends reinvested), compared to $6,954 for CDW. Over the past 12 months, SNX leads with a +103.2% total return vs CDW's -35.8%. The 3-year compound annual growth rate (CAGR) favors SNX at 39.3% vs CDW's -10.9% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -16.8% | +52.1% |
| 1-Year ReturnPast 12 months | -35.8% | +103.2% |
| 3-Year ReturnCumulative with dividends | -29.2% | +170.4% |
| 5-Year ReturnCumulative with dividends | -30.5% | +94.2% |
| 10-Year ReturnCumulative with dividends | +210.7% | +505.0% |
| CAGR (3Y)Annualised 3-year return | -10.9% | +39.3% |
Risk & Volatility
Evenly matched — CDW and SNX each lead in 1 of 2 comparable metrics.
Risk & Volatility
CDW is the less volatile stock with a 1.15 beta — it tends to amplify market swings less than SNX's 1.43 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SNX currently trades 97.9% from its 52-week high vs CDW's 57.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.15x | 1.43x |
| 52-Week HighHighest price in past year | $192.30 | $237.51 |
| 52-Week LowLowest price in past year | $106.00 | $114.05 |
| % of 52W HighCurrent price vs 52-week peak | +57.3% | +97.9% |
| RSI (14)Momentum oscillator 0–100 | 27.6 | 80.3 |
| Avg Volume (50D)Average daily shares traded | 1.6M | 735K |
Analyst Outlook
CDW leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates CDW as "Buy" and SNX as "Buy". Consensus price targets imply 47.4% upside for CDW (target: $162) vs -23.9% for SNX (target: $177). For income investors, CDW offers the higher dividend yield at 2.26% vs SNX's 0.76%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $162.40 | $177.00 |
| # AnalystsCovering analysts | 18 | 24 |
| Dividend YieldAnnual dividend ÷ price | +2.3% | +0.8% |
| Dividend StreakConsecutive years of raises | 12 | 5 |
| Dividend / ShareAnnual DPS | $2.49 | $1.78 |
| Buyback YieldShare repurchases ÷ mkt cap | +4.6% | +3.3% |
CDW leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). SNX leads in 1 (Total Returns). 1 tied.
CDW vs SNX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CDW or SNX a better buy right now?
For growth investors, TD SYNNEX Corporation (SNX) is the stronger pick with 6.
9% revenue growth year-over-year, versus 6. 8% for CDW Corporation (CDW). CDW Corporation (CDW) offers the better valuation at 13. 6x trailing P/E (10. 5x forward), making it the more compelling value choice. Analysts rate CDW Corporation (CDW) a "Buy" — based on 18 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — CDW or SNX?
On trailing P/E, CDW Corporation (CDW) is the cheapest at 13.
6x versus TD SYNNEX Corporation at 23. 4x. On forward P/E, CDW Corporation is actually cheaper at 10. 5x.
03Which is the better long-term investment — CDW or SNX?
Over the past 5 years, TD SYNNEX Corporation (SNX) delivered a total return of +94.
2%, compared to -30. 5% for CDW Corporation (CDW). Over 10 years, the gap is even starker: SNX returned +505. 0% versus CDW's +210. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CDW or SNX?
By beta (market sensitivity over 5 years), CDW Corporation (CDW) is the lower-risk stock at 1.
15β versus TD SYNNEX Corporation's 1. 43β — meaning SNX is approximately 24% more volatile than CDW relative to the S&P 500. On balance sheet safety, TD SYNNEX Corporation (SNX) carries a lower debt/equity ratio of 55% versus 2% for CDW Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — CDW or SNX?
By revenue growth (latest reported year), TD SYNNEX Corporation (SNX) is pulling ahead at 6.
9% versus 6. 8% for CDW Corporation (CDW). On earnings-per-share growth, the picture is similar: TD SYNNEX Corporation grew EPS 25. 2% year-over-year, compared to 1. 4% for CDW Corporation. Over a 3-year CAGR, SNX leads at 0. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — CDW or SNX?
CDW Corporation (CDW) is the more profitable company, earning 4.
8% net margin versus 1. 3% for TD SYNNEX Corporation — meaning it keeps 4. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CDW leads at 7. 4% versus 2. 3% for SNX. At the gross margin level — before operating expenses — CDW leads at 21. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is CDW or SNX more undervalued right now?
On forward earnings alone, CDW Corporation (CDW) trades at 10.
5x forward P/E versus 13. 9x for TD SYNNEX Corporation — 3. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CDW: 47. 4% to $162. 40.
08Which pays a better dividend — CDW or SNX?
All stocks in this comparison pay dividends.
CDW Corporation (CDW) offers the highest yield at 2. 3%, versus 0. 8% for TD SYNNEX Corporation (SNX).
09Is CDW or SNX better for a retirement portfolio?
For long-horizon retirement investors, CDW Corporation (CDW) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.
15), 2. 3% yield, +210. 7% 10Y return). Both have compounded well over 10 years (CDW: +210. 7%, SNX: +505. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between CDW and SNX?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: CDW is a mid-cap deep-value stock; SNX is a mid-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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