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CDWCDW Corporation
$139.23$17.8B
Overview & Verdict
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CDW logoCDW Corporation(CDW)Earnings, Financials & Key Ratios

CDW•NASDAQ
$139.23
17.2× P/E·Price updated Jul 7, 2026
SectorTechnologyIndustryIT ServicesSub-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%

CDW Price & Volume

CDW Corporation (CDW) stock price & volume — 10-year historical chart

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Cyclical Revenue Recovery Faces Persistent Leverage Constraints

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Adequate
Cash Flow:Mixed
Primary Risk:High debt-to-equity leverage

Key Thesis Takeaways

  • CDW is currently navigating a cyclical recovery in IT infrastructure spending, evidenced by a return to 9.2% revenue growth in 2026Q1 after a period of contraction.
  • While the company maintains a disciplined capital expenditure profile of less than 0.7% of revenue, its aggressive capital return strategy and reliance on debt financing create significant balance sheet sensitivity.
  • Investors should monitor the sustainability of operating margins, which have struggled to scale beyond 8.7% despite the recent top-line expansion.

Verdict Logic

while the company shows a positive revenue growth trajectory of 9.2%, the combination of a 2.41 debt-to-equity ratio and negative retained earnings of $1.3 billion warrants a cautious approach regarding long-term financial durability.

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
Metric
Actual
Est
EPS
$2.28+0.0%
$2.28
Rev
$5.7B+3.6%
$5.5B
Q1 2026
Feb 4, 2026
Metric
Actual
Est
EPS
$2.57+5.3%
$2.44
Rev
$5.5B+3.4%
$5.3B
Q4 2025
Nov 4, 2025
Metric
Actual
Est
EPS
$2.71+3.4%
$2.62
Rev
$5.7B-0.2%
$5.7B
Q3 2025
Aug 6, 2025
Metric
Actual
Est
EPS
$2.60+4.4%
$2.49
Rev
$6.0B+8.4%
$5.5B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$2.28vs $2.28+0.0%
$5.7Bvs $5.5B+3.6%
Q1 2026Feb 4, 2026
$2.57vs $2.44+5.3%
$5.5Bvs $5.3B+3.4%
Q4 2025Nov 4, 2025
$2.71vs $2.62+3.4%
$5.7Bvs $5.7B-0.2%
Q3 2025Aug 6, 2025
$2.60vs $2.49+4.4%
$6.0Bvs $5.5B+8.4%
Based on last 12 quarters of dataView full earnings history →

Latest CDW News

Recent stock market news and headlines for CDW Corporation (CDW)

Zacks Investment Research·Jun 25, 2026
Can AI Infrastructure Demand Fuel CDW's Growth in 2026?

CDW is riding the rising AI infrastructure demand as customers move from testing to deployment, fueling sales growth and expanding opportunities in services.

Zacks Investment Research·Jun 24, 2026
Here's Why CDW (CDW) is a Strong Momentum Stock

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Zacks Investment Research·Jun 22, 2026
Here's Why CDW (CDW) is a Strong Value Stock

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Peers Comparison

Key metrics vs top competitors for CDW Corporation (CDW)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CDW logoCDWCDW CorporationCurrent
$139.23$17.79B17.236.79%4.76%43.02%1.79%
NSIT logoNSITInsight Enterprises, Inc.
$112.14$3.39B23.07-5.22%2.17%11.17%—
PC logoPCPremium Catering (Holdings) Limited
$9.40$188M-19.91-0.96%———
SCSC logoSCSCScanSource, Inc.
$51.53$1.05B17.18-6.72%2.38%8.07%—
SNX logoSNXTD Synnex Corp
$235.67$18.85B23.696.94%1.63%13.12%—
AVT logoAVTAvnet, Inc.
$81.48$6.67B29.63-6.55%0.86%4.33%—

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 SEC Filings & Documents

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

8-K Announcements

6
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

2
FY 2026

Feb 20, 2026·SEC

FY 2025

Feb 21, 2025·SEC

10-Q Quarterly Reports

4
FY 2026

May 6, 2026·SEC

FY 2025

Nov 4, 2025·SEC

FY 2025

Aug 6, 2025·SEC

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CDW Frequently Asked Questions

CDW Corporation (CDW) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is CDW Corporation's revenue?

CDW Corporation (CDW) reported $22.90B in revenue for fiscal year 2025. This represents a 5442% increase from $413.3M in 1994.

How fast is CDW Corporation growing?

CDW Corporation (CDW) grew revenue by 6.8% over the past year. This is steady growth.

Is CDW profitable?

Yes, CDW Corporation (CDW) is profitable, generating $1.08B in net income for fiscal year 2025 (4.8% net margin).

Dividend & Returns
Does CDW pay dividends?

Yes, CDW Corporation (CDW) pays a dividend with a yield of 1.79%. This makes it attractive for income-focused investors.

What is CDW's return on equity?

CDW Corporation (CDW) has a return on equity (ROE) of 43.0%. This is excellent, indicating efficient use of shareholder capital.

What is CDW Corporation's free cash flow?

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.

What if you invested $1,000 in CDW back in 1994?

Total return calculator · dividends reinvested · 32+ years of data

See returns →