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CDW Corporation(CDW)Earnings, Financials & Key Ratios
CDW•NASDAQ
15.9× P/E·Price updated Jun 19, 2026
AboutCDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise, hybrid, and cloud capabilities across data center and networking, digital workspace, and security. Its hardware products comprise notebooks/mobile devices, network communications, desktop computers, video monitors, enterprise and data storage, and others; and software products consists of application suites, security, virtualization, operating systems, and network management. The company also provides advisory and design, software development, implementation, managed, professional, configuration, and telecom services, as well as warranties; mission critical software, systems, and network solutions; and implementation and installation, and repair services to its customers through various third-party service providers. It serves government, education, and healthcare customers; and small, medium, and large business customers. The company was founded in 1984 and is headquartered in Vernon Hills, Illinois.Show more
- Revenue$22.42B+6.8%
- EBITDA$1.95B+1.3%
- Net Income$1.07B-1.0%
- EPS (Diluted)8.08+1.4%
- Gross Margin21.73%-0.8%
- EBITDA Margin8.7%-5.1%
- Operating Margin7.38%-6.1%
- Net Margin4.76%-7.3%
- ROE43.02%-12.3%
CDW Key Insights
CDW Corporation (CDW) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 50.9%
- ✓12 consecutive years of dividend growth
- ✓Share count reduced 2.3% through buybacks
- ✓Efficient asset utilization: 1.4x turnover
✗Weaknesses
- ✗High debt to equity ratio of 2.4x
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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CDW Price & Volume
CDW Corporation (CDW) stock price & volume — 10-year historical chart
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CDW Growth Metrics
CDW Corporation (CDW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years5.61%
5 Years3.96%
3 Years-1.89%
TTM7.41%
Profit CAGR
10 Years10.22%
5 Years6.23%
3 Years-1.45%
TTM-0.87%
EPS CAGR
10 Years13.14%
5 Years8.19%
3 Years-0.25%
TTM1.73%
Return on Capital
10 Years20.89%
5 Years20.2%
3 Years19.58%
Last Year18.39%
CDW Recent Earnings
CDW Corporation (CDW) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$2.28+0.0%
$2.28
Rev
$5.7B+3.6%
$5.5B
Q1 2026
Feb 4, 2026Metric
Actual
Est
EPS
$2.57+5.3%
$2.44
Rev
$5.5B+3.4%
$5.3B
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$2.71+3.4%
$2.62
Rev
$5.7B-0.2%
$5.7B
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$2.60+4.4%
$2.49
Rev
$6.0B+8.4%
$5.5B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $2.28vs $2.28+0.0% | $5.7Bvs $5.5B+3.6% |
| Q1 2026 | Feb 4, 2026 | $2.57vs $2.44+5.3% | $5.5Bvs $5.3B+3.4% |
| Q4 2025 | Nov 4, 2025 | $2.71vs $2.62+3.4% | $5.7Bvs $5.7B-0.2% |
| Q3 2025 | Aug 6, 2025 | $2.60vs $2.49+4.4% | $6.0Bvs $5.5B+8.4% |
Based on last 12 quarters of dataView full earnings history →
CDW Peer Comparison
CDW Corporation (CDW) competitors in IT Hardware Resellers and Distribution — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 NSIT | 3.28B | 108.44 | 22.31 | -5.22% | 2.17% | 11.17% | 0.96 | |
 PC | 188M | 9.40 | -19.84 | -0.96% | ||||
 SCSC | 1.01B | 49.63 | 16.54 | -6.72% | 2.38% | 8.07% | 0.16 | |
 SNX | 22.97B | 284.56 | 28.60 | 6.94% | 1.32% | 9.79% | 0.55 | |
 AVT | 7.49B | 91.47 | 33.26 | -6.55% | 0.86% | 4.33% | 0.57 | |
 ARW | 11.9B | 232.70 | 21.29 | 10.49% | 2.17% | 11.03% | 0.46 | |
 CNXN | 1.78B | 70.57 | 21.58 | 2.52% | 3.02% | 9.67% | 0.00 | |
 PLUS | 2.14B | 81.85 | 16.27 | 18.07% | 5.45% | 12.69% | 0.02 |
Compare CDW vs Peers
CDW Corporation (CDW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CDW Income Statement
CDW Corporation (CDW) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 14.83B | 16.24B | 18.03B | 18.47B | 20.82B | 23.75B | 21.38B | 21B | 22.42B | 22.9B |
Revenue Growth % | 8.49% | 9.49% | 11.03% | 2.41% | 12.74% | 14.06% | -9.99% | -1.77% | 6.79% | 7.41% |
Cost of Goods Sold | 12.38B | 13.53B | 14.99B | 15.26B | 17.25B | 19.06B | 16.72B | 16.4B | 17.55B | 17.96B |
COGS % of Revenue | 83.48% | 83.33% | 83.14% | 82.62% | 82.86% | 80.27% | 78.24% | 78.08% | 78.27% | - |
Gross Profit | 2.45B▲ 0% | 2.71B▲ 10.5% | 3.04B▲ 12.3% | 3.21B▲ 5.6% | 3.57B▲ 11.2% | 4.69B▲ 31.3% | 4.65B▼ 0.7% | 4.6B▼ 1.1% | 4.87B▲ 5.9% | 4.94B▲ 0% |
Gross Margin % | 16.52% | 16.67% | 16.86% | 17.38% | 17.14% | 19.73% | 21.76% | 21.92% | 21.73% | 21.57% |
Gross Profit Growth % | 5.24% | 10.48% | 12.3% | 5.6% | 11.16% | 31.33% | -0.73% | -1.07% | 5.89% | - |
Operating Expenses | 1.58B | 1.72B | 1.91B | 2.03B | 2.15B | 2.95B | 2.97B | 2.95B | 3.22B | 3.27B |
OpEx % of Revenue | 10.68% | 10.59% | 10.57% | 11% | 10.32% | 12.43% | 13.9% | 14.05% | 14.35% | - |
Selling, General & Admin | 1.58B | 1.72B | 1.91B | 2.03B | 2.15B | 2.95B | 2.97B | 2.93B | 3.22B | 3.27B |
SG&A % of Revenue | 10.68% | 10.59% | 10.57% | 11% | 10.32% | 12.43% | 13.9% | 13.93% | 14.35% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25.4M | 0 | 0 |
Operating Income | 866.5M▲ 0% | 987.3M▲ 13.9% | 1.13B▲ 14.8% | 1.18B▲ 4.0% | 1.42B▲ 20.3% | 1.74B▲ 22.3% | 1.68B▼ 3.1% | 1.65B▼ 1.8% | 1.66B▲ 0.3% | 1.67B▲ 0% |
Operating Margin % | 5.84% | 6.08% | 6.29% | 6.39% | 6.82% | 7.31% | 7.86% | 7.86% | 7.38% | 7.29% |
Operating Income Growth % | 5.67% | 13.94% | 14.82% | 4.02% | 20.34% | 22.28% | -3.13% | -1.76% | 0.26% | - |
EBITDA | 1.13B | 1.25B | 1.4B | 1.6B | 1.61B | 2.03B | 1.95B | 1.93B | 1.95B | 1.89B |
EBITDA Margin % | 7.6% | 7.71% | 7.77% | 8.69% | 7.73% | 8.53% | 9.13% | 9.17% | 8.7% | 8.26% |
EBITDA Growth % | 4.92% | 11.13% | 11.8% | 14.57% | 0.34% | 25.81% | -3.66% | -1.28% | 1.3% | -3.88% |
D&A (Non-Cash Add-back) | 260.9M | 265.6M | 267.1M | 425.6M | 191.2M | 290.6M | 270.7M | 275.3M | 296M | 221.1M |
EBIT | 811.2M | 989.1M | 1.11B | 1.16B | 1.45B | 1.72B | 1.68B | 1.65B | 1.65B | 1.67B |
Net Interest Income | -150.5M | -148.6M | -159.4M | -154.9M | -150.9M | -235.7M | -226.6M | -214.5M | -227.4M | -115M |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 150.5M | 148.6M | 159.4M | 154.9M | 150.9M | 235.7M | 226.6M | 214.5M | 227.4M | 115M |
Other Income/Expense | -205.8M | -146.8M | -183.9M | -176.9M | -121.2M | -247.4M | -230.7M | -215.9M | -228.2M | -227.8M |
Pretax Income | 660.7M▲ 0% | 840.5M▲ 27.2% | 949.7M▲ 13.0% | 1B▲ 5.5% | 1.3B▲ 29.5% | 1.49B▲ 14.6% | 1.45B▼ 2.5% | 1.44B▼ 1.0% | 1.43B▼ 0.6% | 1.44B▲ 0% |
Pretax Margin % | 4.45% | 5.18% | 5.27% | 5.43% | 6.23% | 6.26% | 6.78% | 6.84% | 6.37% | 6.3% |
Income Tax | 137.6M | 197.5M | 212.9M | 213.8M | 309.2M | 373.3M | 345.9M | 357.6M | 360.8M | 198.1M |
Effective Tax Rate % | 20.83% | 23.5% | 22.42% | 21.33% | 23.82% | 25.09% | 23.85% | 24.91% | 25.28% | 13.73% |
Net Income | 523.1M▲ 0% | 643M▲ 22.9% | 736.8M▲ 14.6% | 788.5M▲ 7.0% | 988.6M▲ 25.4% | 1.11B▲ 12.7% | 1.1B▼ 0.9% | 1.08B▼ 2.4% | 1.07B▼ 1.0% | 1.08B▲ 0% |
Net Margin % | 3.53% | 3.96% | 4.09% | 4.27% | 4.75% | 4.69% | 5.17% | 5.13% | 4.76% | 4.7% |
Net Income Growth % | 23.05% | 22.92% | 14.59% | 7.02% | 25.38% | 12.74% | -0.92% | -2.4% | -1.04% | -0.87% |
Net Income (Continuing) | 523.1M | 643M | 736.8M | 788.5M | 988.6M | 1.11B | 1.1B | 1.08B | 1.07B | 1.08B |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 3.31▲ 0% | 4.19▲ 26.6% | 4.99▲ 19.1% | 5.45▲ 9.2% | 7.04▲ 29.2% | 8.14▲ 15.6% | 8.10▼ 0.5% | 7.97▼ 1.6% | 8.08▲ 1.4% | 8.32▲ 0% |
EPS Growth % | 29.3% | 26.59% | 19.09% | 9.22% | 29.17% | 15.63% | -0.49% | -1.6% | 1.38% | 1.73% |
EPS (Basic) | 3.37 | 4.26 | 5.08 | 5.53 | 7.14 | 8.24 | 8.20 | 8.06 | 8.13 | - |
Diluted Shares Outstanding | 158.2M | 153.6M | 147.8M | 144.8M | 140.5M | 137M | 136.3M | 135.2M | 132.1M | 129.5M |
Basic Shares Outstanding | 155.4M | 150.9M | 145.1M | 142.6M | 138.5M | 135.2M | 134.6M | 133.8M | 131.3M | 129M |
Dividend Payout Ratio | 20.44% | 21.68% | 24.89% | 27.85% | 23.75% | 25.36% | 29.11% | 30.81% | 30.81% | - |
CDW Balance Sheet
CDW Corporation (CDW) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 3.4B | 3.8B | 4.33B | 5.95B | 6.48B | 6.56B | 6.71B | 7.37B | 8.5B | 8.97B |
Cash & Short-Term Investments | 144.2M | 205.8M | 154M | 1.41B | 258.1M | 315.2M | 588.7M | 717.7M | 618.7M | 578.6M |
Cash Only | 144.2M | 205.8M | 154M | 1.41B | 258.1M | 315.2M | 588.7M | 503.5M | 618.7M | 578.6M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 214.2M | 0 | 0 |
Accounts Receivable | 2.67B | 2.99B | 3.4B | 3.59B | 4.93B | 4.95B | 5.04B | 5.65B | 6.87B | 7.24B |
Days Sales Outstanding | 65.76 | 67.15 | 68.77 | 71 | 86.51 | 76.08 | 86.03 | 98.13 | 111.77 | 106.75 |
Inventory | 411.5M | 454.3M | 611.2M | 760M | 927.6M | 800.2M | 668.1M | 605.3M | 563.4M | 820.6M |
Days Inventory Outstanding | 12.13 | 12.25 | 14.88 | 18.18 | 19.62 | 15.32 | 14.58 | 13.47 | 11.72 | 13.46 |
Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 410.2M | 404.4M | 452M | 330.7M |
Total Non-Current Assets | 3.57B | 3.37B | 3.67B | 3.39B | 6.72B | 6.57B | 6.58B | 7.31B | 7.53B | 7.49B |
Property, Plant & Equipment | 161.1M | 156.1M | 494.9M | 306.3M | 351.4M | 338M | 324.3M | 312.2M | 308.2M | 302.6M |
Fixed Asset Turnover | 92.07x | 104.04x | 36.44x | 60.29x | 59.25x | 70.26x | 65.91x | 67.26x | 72.76x | 77.46x |
Goodwill | 2.48B | 2.46B | 2.55B | 2.6B | 4.38B | 4.34B | 4.41B | 4.62B | 4.66B | 4.65B |
Intangible Assets | 897M | 712.2M | 594.1M | 445.1M | 1.63B | 1.49B | 1.37B | 1.36B | 1.19B | 1.14B |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.3B | 4.84B |
Other Non-Current Assets | 32.7M | 39.8M | 23.3M | 43.9M | 358.9M | 396.1M | 472.2M | 1.02B | 73.3M | 122.9M |
Total Assets | 6.97B▲ 0% | 7.17B▲ 2.9% | 8B▲ 11.6% | 9.34B▲ 16.8% | 13.2B▲ 41.3% | 13.13B▼ 0.5% | 13.28B▲ 1.2% | 14.68B▲ 10.5% | 16.03B▲ 9.2% | 16.45B▲ 0% |
Asset Turnover | 2.13x | 2.27x | 2.25x | 1.98x | 1.58x | 1.81x | 1.61x | 1.43x | 1.40x | 1.46x |
Asset Growth % | 0.26% | 2.89% | 11.6% | 16.82% | 41.25% | -0.51% | 1.17% | 10.49% | 9.2% | 36.39% |
Total Current Liabilities | 2.52B | 2.8B | 3.49B | 3.9B | 5.1B | 4.95B | 5.44B | 5.47B | 7.23B | 7.7B |
Accounts Payable | 1.32B | 1.58B | 1.83B | 2.09B | 3.11B | 2.82B | 2.88B | 3.38B | 4.22B | 4.56B |
Days Payables Outstanding | 38.84 | 42.53 | 44.67 | 49.96 | 65.89 | 54.02 | 62.88 | 75.27 | 87.77 | 82.6 |
Short-Term Debt | 25.5M | 25.3M | 413.2M | 541M | 412.8M | 56.3M | 613.1M | 235.8M | 1.39B | 1.36B |
Deferred Revenue (Current) | 158.8M | 178.3M | 252.2M | 243.7M | 402.9M | 485.5M | 487.4M | 491M | 534M | 2.1B |
Other Current Liabilities | 372.9M | 418.4M | 703.7M | 713.1M | 816.5M | 861M | 857.3M | 811.8M | 677.3M | 761.9M |
Current Ratio | 1.35x | 1.35x | 1.24x | 1.53x | 1.27x | 1.33x | 1.23x | 1.35x | 1.18x | 1.16x |
Quick Ratio | 1.18x | 1.19x | 1.07x | 1.33x | 1.09x | 1.17x | 1.11x | 1.24x | 1.10x | 1.06x |
Cash Conversion Cycle | 39.05 | 36.86 | 38.97 | 39.22 | 40.25 | 37.38 | 37.73 | 36.34 | 35.72 | 37.61 |
Total Non-Current Liabilities | 3.46B | 3.39B | 3.55B | 4.15B | 7.4B | 6.58B | 5.8B | 6.85B | 6.2B | 6.2B |
Long-Term Debt | 3.21B | 3.18B | 3.28B | 3.86B | 6.76B | 5.87B | 5.03B | 5.61B | 4.78B | 4.64B |
Capital Lease Obligations | 0 | 0 | 131.1M | 169M | 184.2M | 175.2M | 164M | 149.1M | 157.8M | 572.6M |
Deferred Tax Liabilities | 196.3M | 141.9M | 62.4M | 55.3M | 222.3M | 203.4M | 171.4M | 167.4M | 171.8M | 643.4M |
Other Non-Current Liabilities | 52.7M | 64.2M | 71M | 68.7M | 235.4M | 336.1M | 432.9M | 927.8M | 1.06B | 1.2B |
Total Liabilities | 5.98B | 6.19B | 7.04B | 8.05B | 12.49B | 11.53B | 11.24B | 12.33B | 13.42B | 13.9B |
Total Debt | 3.24B | 3.21B | 3.83B | 4.57B | 7.35B | 6.1B | 5.81B | 5.99B | 6.33B | 6.15B |
Net Debt | 3.09B | 3B | 3.67B | 3.16B | 7.09B | 5.78B | 5.22B | 5.49B | 5.71B | 5.57B |
Debt / Equity | 3.28x | 3.29x | 3.99x | 3.52x | 10.42x | 3.80x | 2.84x | 2.55x | 2.43x | 2.41x |
Debt / EBITDA | 2.87x | 2.56x | 2.73x | 2.85x | 4.57x | 3.01x | 2.98x | 3.11x | 3.24x | 3.25x |
Net Debt / EBITDA | 2.74x | 2.40x | 2.62x | 1.97x | 4.41x | 2.85x | 2.67x | 2.85x | 2.93x | 2.94x |
Interest Coverage | 5.39x | 6.66x | 6.96x | 7.47x | 9.60x | 7.31x | 7.40x | 7.69x | 7.28x | 14.52x |
Total Equity | 985.6M▲ 0% | 975.2M▼ 1.1% | 960.3M▼ 1.5% | 1.3B▲ 35.1% | 705.7M▼ 45.6% | 1.6B▲ 127.2% | 2.04B▲ 27.4% | 2.35B▲ 15.2% | 2.61B▲ 10.8% | 2.56B▲ 0% |
Equity Growth % | -5.73% | -1.06% | -1.53% | 35.07% | -45.59% | 127.19% | 27.39% | 15.19% | 10.77% | 42.31% |
Book Value per Share | 6.23 | 6.35 | 6.50 | 8.96 | 5.02 | 11.70 | 14.99 | 17.40 | 19.73 | 19.73 |
Total Shareholders' Equity | 985.6M | 975.2M | 960.3M | 1.3B | 705.7M | 1.6B | 2.04B | 2.35B | 2.61B | 2.56B |
Common Stock | 1.5M | 1.5M | 1.4M | 1.4M | 1.3M | 1.4M | 1.3M | 1.3M | 1.3M | 1.2M |
Retained Earnings | -1.83B | -1.89B | -2.02B | -1.81B | -2.57B | -1.76B | -1.53B | -1.32B | -1.27B | -1.33B |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -95.9M | -130.6M | -117.8M | -95.8M | -94.4M | -152.4M | -124.6M | -160.1M | -99.8M | -120.1M |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CDW Cash Flow Statement
CDW Corporation (CDW) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 777.7M | 905.9M | 1.03B | 1.31B | 784.6M | 1.34B | 1.6B | 1.28B | 1.21B | 1.19B |
Operating CF Margin % | 5.24% | 5.58% | 5.7% | 7.12% | 3.77% | 5.63% | 7.48% | 6.08% | 5.37% | - |
Operating CF Growth % | 28.76% | 16.48% | 13.39% | 27.95% | -40.3% | 70.27% | 19.67% | -20.1% | -5.64% | 21.28% |
Net Income | 523.1M | 643M | 736.8M | 788.5M | 988.6M | 1.11B | 1.1B | 1.08B | 1.07B | 1.08B |
Depreciation & Amortization | 260.9M | 265.6M | 267.1M | 425.6M | 191.2M | 290.6M | 270.7M | 275.3M | 296M | 296.2M |
Stock-Based Compensation | 43.7M | 40.7M | 48.5M | 42.5M | 72.6M | 91.1M | 93.7M | 64.7M | 0 | 50.6M |
Deferred Taxes | -172.7M | -56.1M | -87.9M | -20.2M | -6.7M | -18.2M | -32.7M | -14.1M | 1.3M | 11.1M |
Other Non-Cash Items | 62.4M | 10.9M | 29M | 73M | -29.5M | 24.5M | 43.9M | 36.3M | 127.6M | 78.6M |
Working Capital Changes | 60.3M | 1.8M | 33.7M | 4.9M | -431.6M | -166.6M | 118.8M | -162.7M | -286.3M | -320.8M |
Change in Receivables | -136.8M | -365.1M | -244.8M | -226.4M | -616.8M | -34.8M | -54.5M | -559.4M | -1.17B | -1.15B |
Change in Inventory | 16.9M | -46.8M | -153M | -71.4M | -151M | 111.9M | 139M | 61.1M | 48.2M | -97.3M |
Change in Payables | 231.5M | 271.2M | 194.1M | 253.7M | 374.5M | -260M | -55.4M | 443.8M | 815.4M | 925.2M |
Cash from Investing | -81.1M | -86.1M | -331.4M | -201M | -2.77B | -164.5M | -229.6M | -659.2M | 70.2M | 71.2M |
Capital Expenditures | -81.1M | -86.1M | -236.3M | -158M | -100M | -127.8M | -148.2M | -122.6M | -117.1M | -116.6M |
CapEx % of Revenue | 0.55% | 0.53% | 1.31% | 0.86% | 0.48% | 0.54% | 0.69% | 0.58% | 0.52% | 0.51% |
Acquisitions | 0 | 0 | -95.1M | -43M | -2.67B | -36.7M | -76.4M | -323.9M | -21.5M | -16.5M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | -5M | -1.6M | -2.3M | 204.3M |
Cash from Financing | -818.7M | -754.8M | -749.8M | 138.8M | 832.8M | -1.1B | -1.1B | -686.9M | -1.18B | -1.16B |
Debt Issued (Net) | -53.2M | 0 | 112M | 605.1M | 2.76B | -865.3M | -224.4M | 235.4M | -214.7M | -289.6M |
Equity Issued (Net) | -534M | -522.3M | -657.2M | -340.6M | -1.5B | 0 | -500M | -500M | -623.5M | -648.8M |
Dividends Paid | -106.9M | -139.4M | -183.4M | -219.6M | -234.8M | -282.6M | -321.5M | -332.1M | -328.6M | -326.9M |
Share Repurchases | -534M | -522.3M | -657.2M | -340.6M | -1.5B | 0 | -500M | -500M | -653M | -653.9M |
Other Financing | -124.6M | -93.1M | -21.2M | 93.9M | -188.3M | 45.8M | -52.8M | -90.2M | -17.7M | 101.7M |
Net Change in Cash | -119.5M▲ 0% | 61.6M▲ 151.5% | -51.8M▼ 184.1% | 1.26B▲ 2525.1% | -1.15B▼ 191.7% | 57.1M▲ 105.0% | 273.5M▲ 379.0% | -81M▼ 129.6% | 115.2M▲ 242.2% | 103.2M▲ 0% |
Free Cash Flow | 696.6M▲ 0% | 819.8M▲ 17.7% | 790.9M▼ 3.5% | 1.16B▲ 46.2% | 684.6M▼ 40.8% | 1.21B▲ 76.5% | 1.45B▲ 20.1% | 1.15B▼ 20.4% | 1.09B▼ 5.8% | 1.08B▲ 0% |
FCF Margin % | 4.7% | 5.05% | 4.39% | 6.26% | 3.29% | 5.09% | 6.79% | 5.5% | 4.85% | 4.7% |
FCF Growth % | 28.88% | 17.69% | -3.53% | 46.2% | -40.79% | 76.47% | 20.06% | -20.39% | -5.77% | 7.14% |
FCF per Share | 4.40 | 5.34 | 5.35 | 7.99 | 4.87 | 8.82 | 10.64 | 8.54 | 8.24 | 8.31 |
FCF Conversion (FCF/Net Income) | 1.49x | 1.41x | 1.39x | 1.67x | 0.79x | 1.20x | 1.45x | 1.19x | 1.13x | 1.00x |
Interest Paid | 148.5M | 148.8M | 154.2M | 139.4M | 134.3M | 224.3M | 233.2M | 217.5M | 0 | 119.2M |
Taxes Paid | 275.7M | 261.2M | 272.2M | 245.6M | 351M | 362.2M | 401.4M | 398.6M | 0 | 176.7M |
CDW Key Ratios
CDW Corporation (CDW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 51.51% | 65.59% | 76.14% | 69.86% | 98.72% | 96.54% | 60.58% | 49.04% | 43.02% | 42.37% |
Return on Invested Capital (ROIC) | 16.06% | 18.39% | 19.74% | 19.47% | 17.37% | 17.14% | 17.21% | 16.4% | 15.37% | 15.48% |
Gross Margin | 16.52% | 16.67% | 16.86% | 17.38% | 17.14% | 19.73% | 21.76% | 21.92% | 21.73% | 21.57% |
Net Margin | 3.53% | 3.96% | 4.09% | 4.27% | 4.75% | 4.69% | 5.17% | 5.13% | 4.76% | 4.7% |
Debt / Equity | 3.28x | 3.29x | 3.99x | 3.52x | 10.42x | 3.80x | 2.84x | 2.55x | 2.43x | 2.41x |
Interest Coverage | 5.39x | 6.66x | 6.96x | 7.47x | 9.60x | 7.31x | 7.40x | 7.69x | 7.28x | 14.52x |
FCF Conversion | 1.49x | 1.41x | 1.39x | 1.67x | 0.79x | 1.20x | 1.45x | 1.19x | 1.13x | 1.00x |
Revenue Growth | 8.49% | 9.49% | 11.03% | 2.41% | 12.74% | 14.06% | -9.99% | -1.77% | 6.79% | 7.41% |
Related:CDW Dividend History·CDW Revenue History·CDW Price History·CDW P/E History·CDW Financial Ratios·CDW Institutional Holders
CDW SEC Filings & Documents
CDW Corporation (CDW) SEC filings — annual & quarterly reports (10-K, 10-Q)
CDW Frequently Asked Questions
CDW Corporation (CDW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
CDW Corporation (CDW) reported $22.90B in revenue for fiscal year 2025. This represents a 5442% increase from $413.3M in 1994.
CDW Corporation (CDW) grew revenue by 6.8% over the past year. This is steady growth.
Yes, CDW Corporation (CDW) is profitable, generating $1.08B in net income for fiscal year 2025 (4.8% net margin).
Dividend & Returns
Yes, CDW Corporation (CDW) pays a dividend with a yield of 1.94%. This makes it attractive for income-focused investors.
CDW Corporation (CDW) has a return on equity (ROE) of 43.0%. This is excellent, indicating efficient use of shareholder capital.
CDW Corporation (CDW) generated $1.08B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.