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CDW Corporation

NASDAQ•CDW
CEO: Ms. Christine A. Leahy J.D.
Sector: Technology
Industry: Information Technology Services
Listing Date: 2013-06-27
CDW 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 and cloud capabilities across hybrid infrastructure, digital experience, and security. It also provides hardware products comprising notebooks/mobile devices, tablets, network communications, desktop computers, collaboration, data storage and servers, and others; and software products, such as cloud solutions, software assurance, application suites, security, virtualization, operating systems, and network management. In addition, the company offers advisory and design, software development, implementation, managed, professional, configuration, partner, and telecom services, as well as warranties; delivers and manages 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. CDW Corporation was formerly known as CDW Computer Centers, Inc. and changed its name to CDW Corporation in June 2003. The company was founded in 1984 and is based in Vernon Hills, Illinois.
Contact Information
200 North Milwaukee Avenue, Vernon Hills, IL, 60061, United States
847-465-6000
www.cdw.com
Market Cap
$14.77B
P/E (TTM)
13.8
17.9
Dividend Yield
2.2%
52W High
$192.30
52W Low
$113.04
52W Range
1%
Rank23Top 9.4%
5.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$5.51B+0.00%
4-Quarter Trend

EPS

$2.15+0.00%
4-Quarter Trend

FCF

$395.90M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Sales Growth Strong Net sales reached $22.42B USD, marking 6.8% growth, driven by strong demand across all operating segments.
Gross Profit Dollars Increased Gross profit grew 5.9% to $4.87B USD, despite gross margin contracting 20 basis points to 21.7%.
Small Business Segment Leads Small Business segment sales showed strong 13.3% growth, reaching $1.73B USD in the fiscal year.
Cash Cycle Efficiency Improved Cash conversion cycle improved to 16 days, down 2 days from 2024, due to lower inventory stocking positions.

Risk Factors

Vendor Partner Dependency Risks Business relies heavily on vendor agreements; reduction in funding or changes in terms could adversely impact operations.
Cybersecurity Threat Escalation Increasing sophistication of cyberattacks poses risks to proprietary data, potentially causing disruption, liability, and reputational harm.
Macroeconomic Spending Uncertainty Global economic uncertainty and inflation may cause customers, especially public sector, to delay technology spending.
Key Personnel Retention Costs Attracting and retaining specialized talent is competitive, risking higher labor costs or ineffective workforce management.

Outlook

IT Demand Driven by AI Expect IT demand to outpace general growth, fueled by hybrid cloud adoption, security needs, and Artificial Intelligence.
New Segment Structure Adopted Effective January 2026, organization realigned into Commercial, Government, and Education segments for better market alignment.
Strengthened Liquidity Position Entered new $2.25B Revolving Facility and $634.5M Term Loan in December 2025, increasing borrowing capacity.
Focus on Integrated Solutions Strategy centers on providing integrated IT solutions across hybrid infrastructure, digital experience, and security capabilities.

Peer Comparison

Revenue (TTM)

CDW stock ticker logoCDW
$22.42B
+6.8%
LDOS stock ticker logoLDOS
$17.17B
+3.1%
J stock ticker logoJ
$12.39B
+39.9%

Gross Margin (Latest Quarter)

CHKP stock ticker logoCHKP
85.1%
-2.1pp
FFIV stock ticker logoFFIV
81.5%
-0.1pp
CPAY stock ticker logoCPAY
69.8%
-7.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
WIT$24.10B16.015.5%14.0%
UMC$23.32B17.811.4%13.5%
ON$23.21B191.11.5%27.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.0%
Moderate Growth
4Q Net Income CAGR
7.5%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:May 5, 2026
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News
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LTM
No Data