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Company research / CDW

CDW Corp (CDW)

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CIK 0001402057 · Nasdaq · Retail-Catalog & Mail-Order Houses

  • Sector Retail Trade
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, CDW Corp reported revenue of $22.42B. Revenue grew 6.8% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $23.50B.

Key ratios (year ended 2025-12-31)

21.7%
Gross margin
7.4%
Operating margin
4.8%
Net margin
40.9%
Return on year-end equity
6.8%
Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-10-19

Headquarters locality: Vernon Hills · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30		2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$23.50B$22.42B$21.00B$21.38B$23.75B$20.82B$18.47B$18.03B$16.24B$14.83B$13.67B
Cost of Revenue$18.48B$17.55B$16.40B$16.72B$19.06B$17.25B$15.26B$14.99B$13.53B$12.38B$11.34B
Gross Profit$5.02B$4.87B$4.60B$4.65B$4.69B$3.57B$3.21B$3.04B$2.71B$2.45B$2.33B
Operating Income$1.68B$1.66B$1.65B$1.68B$1.74B$1.42B$1.18B$1.13B$987.30M$866.50M$820.00M
Depreciation & Amortization$297.60M$295.60M$275.30M$270.70M$290.60M$191.20M$425.60M$267.10M$265.60M$260.90M$254.50M
EBITDA$1.98B$1.95B$1.93B$1.95B$2.03B$1.61B$1.60B$1.40B$1.25B$1.13B$1.07B
Net Income$1.08B$1.07B$1.08B$1.10B$1.11B$988.60M$788.50M$736.80M$643.00M$523.10M$425.10M
EPS (Diluted)n/a$8.08$7.97$8.10$8.13$7.04$5.45$4.99$4.19$3.31$2.56
Total Assets$17.25B$16.03B$14.68B$13.28B$13.13B$13.20B$9.34B$8.00B$7.17B$6.97B$6.96B
Total Liabilitiesn/an/an/an/an/an/an/an/an/a$5.98B$5.91B
Shareholders' Equity$2.44B$2.61B$2.35B$2.04B$1.60B$705.70M$1.30B$960.30M$975.20M$985.60M$1.05B
Cash & Equivalents$361.80M$618.70M$503.50M$588.70M$315.20M$258.10M$1.41B$154.00M$205.80M$144.20M$263.70M
Operating Cash Flow$981.80M$1.21B$1.28B$1.60B$1.34B$784.60M$1.31B$1.03B$905.90M$777.70M$604.00M
Capital Expenditures$121.60M$117.10M$122.60M$148.20M$127.80M$100.00M$158.00M$236.30M$86.10M$81.10M$63.50M
Free Cash Flow$860.20M$1.09B$1.15B$1.45B$1.21B$684.60M$1.16B$790.90M$819.80M$696.60M$540.50M
Share Repurchases$847.60M$653.00M$500.00M$500.00M$0$1.50B$340.60M$657.20M$522.30M$534.00M$367.40M
Dividends Paid$324.40M$328.60M$332.10M$321.50M$282.60M$234.80M$219.60M$183.40M$139.40M$106.90M$78.70M
Shares Outstanding125.30M129.40M132.60M134.10M135.50M134.80M141.90M143.00M147.70M153.00M160.30M
Dividends Per Sharen/a$2.50$2.48$2.39$2.09$1.70$1.54$1.26$0.93$0.69$0.48
Weighted Average Diluted Sharesn/a132.10M135.20M136.30M137.00M140.50M144.80M147.80M153.60M158.20M166.00M
EPS (Basic)n/a$8.13$8.06$8.20$8.24$7.14$5.53$5.08$4.26$3.37$2.60

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