CDW Corporation(CDW)Earnings, Financials & Key Ratios

CDW•NASDAQ

$109.00

$14.06B mkt cap·13.5× P/E·Price updated May 6, 2026

SectorTechnology IndustryIT Services Sub-IndustryIT Hardware Resellers and Distribution

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%
ROIC15.37%-6.3%
Debt/Equity2.43-4.6%
Interest Coverage7.28-5.4%

Analysis→Technical→

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
✓Healthy dividend yield of 2.3%
✓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.

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

Full history →

●Beat EPS 8/12 qtrs (67%)●Beat Revenue 6/12 qtrs (50%)

Q2 2026Latest

May 6, 2026

EPS

$2.28

Est $2.28

+0.0%

Revenue

$5.7B

Est $5.5B

+3.6%

Q1 2026

Feb 4, 2026

EPS

$2.57

Est $2.44

+5.3%

Revenue

$5.5B

Est $5.3B

+3.4%

Q4 2025

Nov 4, 2025

EPS

$2.71

Est $2.62

+3.4%

Revenue

$5.7B

Est $5.7B

-0.2%

Q3 2025

Aug 6, 2025

EPS

$2.60

Est $2.49

+4.4%

Revenue

$6.0B

Est $5.5B

+8.4%

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 →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
NSITInsight Enterprises, Inc.Direct Competitor	2.14B	69.01	14.20	-5.22%	1.91%	9.54%	0.96
PCPremium Catering (Holdings) LimitedDirect Competitor	188M	9.40	-19.60	-0.96%
SCSCScanSource, Inc.Direct Competitor	885.95M	40.93	13.64	-6.72%	2.44%	8.11%	0.16
SNXTD SYNNEX CorporationDirect Competitor	18.89B	233.99	23.52	6.94%	1.32%	9.79%	0.55
AVTAvnet, Inc.Direct Competitor	6.85B	83.70	30.44	-6.55%	0.86%	4.33%	0.57
ARWArrow Electronics, Inc.Product Competitor	9.8B	191.85	17.55	10.49%	1.85%	8.58%	0.46
CNXNPC Connection, Inc.Product Competitor	1.63B	64.79	19.81	2.52%	3.02%	9.67%	0.00
PLUSePlus inc.Product Competitor	2.21B	83.45	20.55	-7.03%	7.61%	12.49%	0.13

Compare CDW vs Peers

CDW Corporation (CDW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NSIT

Most directly comparable listed peer for CDW.

Scale Benchmark

vs MSFT

Larger-name benchmark to compare CDW against a more recognizable public peer.

Peer Set

Compare Top 5

vs NSIT, PC, SCSC, SNX

CDW Income Statement

CDW Corporation (CDW) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	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	1.29B
Net Interest Income	-150.5M	-148.6M	-159.4M	-154.9M	-150.9M	-235.7M	-226.6M	-214.5M	-227.4M	-170.3M
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

Line item	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	6.47B
Days Sales Outstanding	65.76	67.15	68.77	71	86.51	76.08	86.03	98.13	111.77	103.69
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	1.1B
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	3.56B
Other Non-Current Assets	32.7M	39.8M	23.3M	43.9M	358.9M	396.1M	472.2M	1.02B	73.3M	1.69B
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	1.01B
Deferred Revenue (Current)	158.8M	178.3M	252.2M	243.7M	402.9M	485.5M	487.4M	491M	534M	1.5B
Other Current Liabilities	372.9M	418.4M	703.7M	713.1M	816.5M	861M	857.3M	811.8M	677.3M	2.13B
Current Ratio	1.35x	1.35x	1.24x	1.53x	1.27x	1.33x	1.23x	1.35x	1.18x	1.18x
Quick Ratio	1.18x	1.19x	1.07x	1.33x	1.09x	1.17x	1.11x	1.24x	1.10x	1.10x
Cash Conversion Cycle	39.05	36.86	38.97	39.22	40.25	37.38	37.73	36.34	35.72	34.56
Total Non-Current Liabilities	3.46B	3.39B	3.55B	4.15B	7.4B	6.58B	5.8B	6.85B	6.2B	4.95B
Long-Term Debt	3.21B	3.18B	3.28B	3.86B	6.76B	5.87B	5.03B	5.61B	4.78B	4.78B
Capital Lease Obligations	0	0	131.1M	169M	184.2M	175.2M	164M	149.1M	157.8M	422.9M
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	3.27B
Total Liabilities	5.98B	6.19B	7.04B	8.05B	12.49B	11.53B	11.24B	12.33B	13.42B	6.2B
Total Debt	3.24B	3.21B	3.83B	4.57B	7.35B	6.1B	5.81B	5.99B	6.33B	5.79B
Net Debt	3.09B	3B	3.67B	3.16B	7.09B	5.78B	5.22B	5.49B	5.71B	5.21B
Debt / Equity	3.28x	3.29x	3.99x	3.52x	10.42x	3.80x	2.84x	2.55x	2.43x	2.43x
Debt / EBITDA	2.87x	2.56x	2.73x	2.85x	4.57x	3.01x	2.98x	3.11x	3.24x	3.06x
Net Debt / EBITDA	2.74x	2.40x	2.62x	1.97x	4.41x	2.85x	2.67x	2.85x	2.93x	2.93x
Interest Coverage	5.39x	6.66x	6.96x	7.47x	9.60x	7.31x	7.40x	7.69x	7.28x	11.25x
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

Line item	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	1.21B
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	221.1M
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	15.4M
Other Non-Cash Items	62.4M	10.9M	29M	73M	-29.5M	24.5M	43.9M	36.3M	127.6M	342M
Working Capital Changes	60.3M	1.8M	33.7M	4.9M	-431.6M	-166.6M	118.8M	-162.7M	-286.3M	-260.7M
Change in Receivables	-136.8M	-365.1M	-244.8M	-226.4M	-616.8M	-34.8M	-54.5M	-559.4M	-1.17B	-982M
Change in Inventory	16.9M	-46.8M	-153M	-71.4M	-151M	111.9M	139M	61.1M	48.2M	163.3M
Change in Payables	231.5M	271.2M	194.1M	253.7M	374.5M	-260M	-55.4M	443.8M	815.4M	583.9M
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%	-
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	-292.6M
Equity Issued (Net)	-534M	-522.3M	-657.2M	-340.6M	-1.5B	0	-500M	-500M	-623.5M	-450.4M
Dividends Paid	-106.9M	-139.4M	-183.4M	-219.6M	-234.8M	-282.6M	-321.5M	-332.1M	-328.6M	-245.8M
Share Repurchases	-534M	-522.3M	-657.2M	-340.6M	-1.5B	0	-500M	-500M	-653M	-452.9M
Other Financing	-124.6M	-93.1M	-21.2M	93.9M	-188.3M	45.8M	-52.8M	-90.2M	-17.7M	-174.8M
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%	104.3M▲ 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	8.24
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%	15.37%
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	2.43x
Interest Coverage	5.39x	6.66x	6.96x	7.47x	9.60x	7.31x	7.40x	7.69x	7.28x	11.25x
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%

CDW SEC Filings & Documents

CDW Corporation (CDW) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 6, 2026·SEC

Material company update

May 1, 2026·SEC

Material company update

Mar 27, 2026·SEC

10-K Annual Reports

FY 2026

Feb 20, 2026·SEC

FY 2025

Feb 21, 2025·SEC

10-Q Quarterly Reports

FY 2026

May 6, 2026·SEC

FY 2025

Nov 4, 2025·SEC

FY 2025

Aug 6, 2025·SEC

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 2.28%. 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.

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