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CDW Corporation

CDW
$135.81
$-6.16 (-4.34%)-4.34%
Closed

CDW beats Q2 2026 estimates and raises 2026 outlook, boosts share repurchase authorization by $1 billion

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IndexN/A
Market Cap17.35B
Enterprise Value23.60B
Income$0.22B
Sales$5.20B
Employees15,100
P/E12.97
P/S0.80
P/B6.86
P/C16.44
EV/EBITDA12.10
EV/Sales4.62
EPS (ttm)10.47
Earnings2025-11-04
Gross Margin21.59%
Oper. Margin6.95%
Profit Margin4.33%
Volume2.21M
Shs Outstand0.13B
Change-4.34%
Dividend Est.N/A
Dividend Ex-DateN/A
Perf YTD-1.06%
Perf Year-30.19%
Perf 3Y-33.33%
Perf 5Y-0.92%
Perf 10Y253.79%
IPO2013-06-27
Income Statement by fiscal year, newest to oldest
MetricFY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017
Revenue$21.00B$21.38B$23.75B$20.82B$18.47B$18.03B$16.24B$14.83B
Cost of Revenue$16.40B$16.72B$19.06B$17.25B$15.26B$14.99B$13.53B$12.38B
Gross Profit$4.60B$4.65B$4.69B$3.57B$3.21B$3.04B$2.71B$2.45B
Gross Margin21.92%21.76%19.73%17.14%17.38%16.86%16.67%16.52%
Operating Expenses$2.95B$2.97B$2.95B$2.15B$2.03B$1.91B$1.72B$1.58B
Operating Income$1.65B$1.68B$1.74B$1.42B$1.18B$1.13B$987.30M$866.50M
Operating Margin7.86%7.86%7.31%6.82%6.39%6.29%6.08%5.84%
Net Income$1.08B$1.10B$1.11B$988.60M$788.50M$736.80M$643.00M$523.10M
Net Margin5.13%5.17%4.69%4.75%4.27%4.09%3.96%3.53%
EPS (Basic)$8.06$8.20$8.24$7.14$5.53$5.08$4.26$3.37
EBITDA$1.93B$1.95B$2.01B$1.64B$1.58B$1.38B$1.25B$1.07B
Stock Option Compensation Expense$64.70M$93.70M$91.10M$72.60M$42.50M$48.50M$40.70M$43.70M
Price To Earnings Ratio21.6127.7121.6628.6923.8328.1319.0220.64
Price To Sales RatioN/AN/AN/AN/AN/AN/AN/AN/A
Shares OutstandingN/AN/AN/AN/AN/AN/AN/AN/A
Market Capitalization$23.29B$30.60B$24.14B$28.36B$18.79B$20.73B$12.23B$10.80B
Balance Sheet by fiscal year, newest to oldest
MetricFY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017
Cash & Short Term InvestmentsN/AN/AN/AN/AN/AN/AN/AN/A
Short Term ReceivablesN/AN/AN/AN/AN/AN/AN/AN/A
InventoriesN/AN/AN/AN/AN/AN/AN/AN/A
Other Current AssetsN/AN/AN/AN/AN/AN/AN/AN/A
Total Current AssetsN/AN/AN/AN/AN/AN/AN/AN/A
Net Property, Plant & EquipmentN/AN/AN/AN/AN/AN/AN/AN/A
Total Investments and AdvancesN/AN/AN/AN/AN/AN/AN/AN/A
Long-Term Note ReceivableN/AN/AN/AN/AN/AN/AN/AN/A
Intangible AssetsN/AN/AN/AN/AN/AN/AN/AN/A
Deferred Tax AssetsN/AN/AN/AN/AN/AN/AN/AN/A
Other AssetsN/AN/AN/AN/AN/AN/AN/AN/A
Total Assets$14.68B$13.28B$13.13B$13.20B$9.34B$8.00B$7.17B$6.97B
Short Term Debt Incl. Current Port. of LT DebtN/AN/AN/AN/AN/AN/AN/AN/A
Accounts PayableN/AN/AN/AN/AN/AN/AN/AN/A
Income Tax PayableN/AN/AN/AN/AN/AN/AN/AN/A
Other Current LiabilitiesN/AN/AN/AN/AN/AN/AN/AN/A
Total Current LiabilitiesN/AN/AN/AN/AN/AN/AN/AN/A
Long Term DebtN/AN/AN/AN/AN/AN/AN/AN/A
Provision for Risks ChargesN/AN/AN/AN/AN/AN/AN/AN/A
Deferred Tax LiabilitiesN/AN/AN/AN/AN/AN/AN/AN/A
Other LiabilitiesN/AN/AN/AN/AN/AN/AN/AN/A
Total Liabilities$12.33B$11.24B$11.53B$12.49B$8.05B$7.04B$6.19B$5.98B
Non-Equity ReservesN/AN/AN/AN/AN/AN/AN/AN/A
Preferred Stock - Carrying ValueN/AN/AN/AN/AN/AN/AN/AN/A
Common EquityN/AN/AN/AN/AN/AN/AN/AN/A
Total Shareholders Equity$2.35B$2.04B$1.60B$705.70M$1.30B$960.30M$975.20M$985.60M
Accumulated Minority InterestN/AN/AN/AN/AN/AN/AN/AN/A
Total Equity$2.35B$2.04B$1.60B$705.70M$1.30B$960.30M$975.20M$985.60M
Total Liabilities & Stockholders Equity$14.68B$13.28B$13.13B$13.20B$9.34B$8.00B$7.17B$6.97B
Book Value Per Share$17.58$15.17$11.86$5.10$9.10$6.62$6.46$6.34
Tangible Book Value Per Share$-27.09$-27.79$-31.29$-38.31$-12.23$-15.07$-14.58$-15.39
Full-Time EmployeesN/AN/AN/AN/AN/AN/AN/AN/A
Price to Book RatioN/AN/AN/AN/AN/AN/AN/AN/A
Return on Assets7.34%8.31%8.49%7.49%8.44%9.21%8.97%7.51%
Return on Equity45.81%54.07%69.51%140.09%60.79%76.73%65.94%53.07%
Return on Invested Capital13.13%15.14%15.77%12.69%15.49%17.87%17.21%15.35%
Quick Ratio1.241.111.171.091.331.071.191.18
Current Ratio1.351.231.331.271.531.241.351.35
Cash Flow by fiscal year, newest to oldest
MetricFY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017
Net Income$1.08B$1.10B$1.11B$988.60M$788.50M$736.80M$643.00M$523.10M
Depreciation$275.30M$270.70M$290.60M$191.20M$425.60M$267.10M$265.60M$260.90M
Other Funds (Non Cash)N/AN/AN/AN/AN/AN/AN/AN/A
Funds from OperationsN/AN/AN/AN/AN/AN/AN/AN/A
Extraordinary ItemN/AN/AN/AN/AN/AN/AN/AN/A
Changes in Working CapitalN/AN/AN/AN/AN/AN/AN/AN/A
Income Taxes PayableN/AN/AN/AN/AN/AN/AN/AN/A
Cash from Operating Activities$1.28B$1.60B$1.34B$784.60M$1.31B$1.03B$905.90M$777.70M
Capital Expenditures$122.60M$148.20M$127.80M$100.00M$158.00M$236.30M$86.10M$81.10M
Net Assets From AcquisitionsN/AN/AN/AN/AN/AN/AN/AN/A
Sale of Fixed Assets and BusinessesN/AN/AN/AN/AN/AN/AN/AN/A
Purchase or Sale of InvestmentsN/AN/AN/AN/AN/AN/AN/AN/A
Purchase of InvestmentsN/AN/AN/AN/AN/AN/AN/AN/A
Sale Or Maturity of InvestmentsN/AN/AN/AN/AN/AN/AN/AN/A
Other UsesN/AN/AN/AN/AN/AN/AN/AN/A
Other SourcesN/AN/AN/AN/AN/AN/AN/AN/A
Cash from Investing ActivitiesN/AN/AN/AN/AN/AN/AN/AN/A
Cash Dividends Paid$332.10M$321.50M$282.60M$234.80M$219.60M$183.40M$139.40M$106.90M
Change in Capital StockN/AN/AN/AN/AN/AN/AN/AN/A
Repurchase of Common Pref Stock$500.00M$500.00M$0.00$1.50B$340.60M$657.20M$522.30M$534.00M
Sale of Common Pref StockN/AN/AN/AN/AN/AN/AN/AN/A
Proceeds from Stock OptionsN/AN/AN/AN/AN/AN/AN/AN/A
Issuance or Reduction of Debt, NetN/AN/AN/AN/AN/AN/AN/AN/A
Change in Long Term DebtN/AN/AN/AN/AN/AN/AN/AN/A
Issuance of Long Term DebtN/AN/AN/AN/AN/AN/AN/AN/A
Reduction of Long Term DebtN/AN/AN/AN/AN/AN/AN/AN/A
Net Financing Active Other Cash FlowN/AN/AN/AN/AN/AN/AN/AN/A
Other Financing Activities UsesN/AN/AN/AN/AN/AN/AN/AN/A
Cash from Financing ActivitiesN/AN/AN/AN/AN/AN/AN/AN/A
Exchange Rate EffectN/AN/AN/AN/AN/AN/AN/AN/A
Net Change in CashN/AN/AN/AN/AN/AN/AN/AN/A
Free Cash Flow$1.15B$1.45B$1.21B$684.60M$1.16B$790.90M$819.80M$696.60M
Preferred Dividends (Cash Flow)N/AN/AN/AN/AN/AN/AN/AN/A
Price to Free Cash FlowN/AN/AN/AN/AN/AN/AN/AN/A

Company coverage

Latest news

20 stories
Yesterday · 10:51AMHere's Why CDW (CDW) is a Strong Momentum Stockzacks.com ↗Yesterday · 10:19AMCDW Corporation: Operating Leverage Fading As The Sales Shiftseekingalpha.com ↗Aug 5 · 11:40AMCDW Corporation (CDW) Q2 2026 Earnings Call Transcriptseekingalpha.com ↗Aug 5 · 11:25AMCDW Q2 Earnings & Sales Beat, Soar Y/Y on AI & Infrastructure Spendingzacks.com ↗Aug 5 · 10:07AMCDW Q2 Earnings Call Highlightsmarketbeat.com ↗Aug 5 · 9:16AMCDW (CDW) Surpasses Q2 Earnings and Revenue Estimateszacks.com ↗Aug 5 · 8:41AMIT solutions provider CDW's shares fall on margin missreuters.com ↗Aug 5 · 7:15AMCDW Announces CFO Transitionbusinesswire.com ↗
Show 12 more stories↓
Aug 5 · 7:05AMCDW Declares Quarterly Cash Dividend of $0.630 Per Sharebusinesswire.com ↗Aug 5 · 7:00AMCDW Reports Second Quarter 2026 Earningsbusinesswire.com ↗Aug 3 · 11:11AMCDW Q2 Earnings on the Horizon: Can it Deliver Another Beat?zacks.com ↗Jul 29 · 11:01AMCDW (CDW) Earnings Expected to Grow: What to Know Ahead of Next Week's Releasezacks.com ↗Jul 27 · 10:47AMHere's Why CDW (CDW) is a Strong Value Stockzacks.com ↗Jul 23 · 4:43AMBessemer Group Inc. Has $1.83 Million Stock Position in CDW Corporation $CDWdefenseworld.net ↗Jul 22 · 7:00AMCDW to Announce Second Quarter 2026 Results on August 5businesswire.com ↗Jul 21 · 10:41AMWill CDW's Capital Allocation Strategy Drive Shareholder Returns?zacks.com ↗Jul 10 · 10:51AMWhy CDW (CDW) is a Top Momentum Stock for the Long-Termzacks.com ↗Jul 8 · 10:41AMWhy CDW (CDW) is a Top Value Stock for the Long-Termzacks.com ↗Jun 25 · 10:55AMCan AI Infrastructure Demand Fuel CDW's Growth in 2026?zacks.com ↗Jun 24 · 10:50AMHere's Why CDW (CDW) is a Strong Momentum Stockzacks.com ↗

Insider Trading

View All
Insider
Type
Shares
Price
Value
Date
CONNELLY ELIZABETH H.
Sell
26.7K
$137.64
$3.7M
Aug 7, 26
Swedish Joseph
Award
208
—
—
Jul 1, 26
NELMS DAVID W
Award
229
—
—
Jul 1, 26
Foxx Anthony R
Award
32.61
$129.30
$4K
Jun 10, 26
CONNELLY ELIZABETH H.
Award
88.41
$129.30
$11K
Jun 10, 26

Company

CEO: Christine A. LeahyEmployees: 14800www.cdw.com
About the company↓

CDW Corporation specializes in delivering comprehensive information technology services and products across North America and the United Kingdom. It strategically targets three core client divisions: corporate enterprises, small to medium-sized businesses, and public sector organizations. Their portfolio encompasses both individual hardware and software offerings, alongside sophisticated integrated IT solution packages. These comprehensive solutions span on-premise, hybrid, and cloud environments, addressing critical areas such as data center infrastructure, network management, digital workspace enablement, and robust security. Key hardware categories include mobile computing devices (laptops, tablets), network infrastructure components, desktop workstations, display units, and enterprise data storage systems, while software offerings feature application suites, cybersecurity tools, virtualization platforms, operating systems, and network management utilities. Beyond products, CDW delivers a broad spectrum of services, including expert advisory and design, custom software development, system implementation, ongoing managed services, specialized professional support, configuration assistance, and telecommunications solutions, complemented by product warranties. They also focus on providing mission-critical software, system, and network solutions. Furthermore, installation, deployment, and repair services are facilitated for customers, often leveraging a network of third-party partners. Their diverse clientele includes governmental bodies, educational institutions, healthcare providers, and businesses of all scales – from small enterprises to major corporations. Established in 1984, the company maintains its primary corporate offices in Vernon Hills, Illinois.

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