Companies / Information Technology
CDW
CDW Corporation
Technology Distributors
Technology DistributorsAnalysis in progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health49
Growth34
Profitability29
Cash generation52
Balance sheet34
Dilution control95
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)17.7%Revenue growth (FY)6.8%Revenue CAGR (3y)-1.9%Gross margin21.7%Operating margin7.4%Net margin4.8%Free cash flow margin4.9%R&D / revenue—Stock comp / revenue0.4%Net debt / operating cash flow4.16xCurrent ratio1.18Diluted share count change-2.3%
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $20.8B | $23.7B | $21.4B | $21.0B | $22.4B |
| Gross profit | $3.6B | $4.7B | $4.7B | $4.6B | $4.9B |
| Operating income | $1.4B | $1.7B | $1.7B | $1.7B | $1.7B |
| Net income | $989M | $1.1B | $1.1B | $1.1B | $1.1B |
| Operating cash flow | $785M | $1.3B | $1.6B | $1.3B | $1.2B |
| Capital expenditure | $100M | $128M | $148M | $123M | $117M |
| Free cash flow | $685M | $1.2B | $1.5B | $1.2B | $1.1B |
| Stock-based comp | $73M | $91M | $94M | $65M | $84M |
| Buybacks | $1.5B | $0 | $500M | $500M | $653M |
| Dividends | $235M | $283M | $322M | $332M | $329M |
| Cash | $258M | $315M | $589M | $504M | $619M |
| Total debt | $6.9B | $5.9B | $5.6B | $5.8B | $5.6B |
| Equity | $706M | $1.6B | $2.0B | $2.4B | $2.6B |
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