CDW Corporation (CDW)
Technology · Information Technology Services · NasdaqGS
CDW Corporation revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.67B | $14.83B | $16.24B | $18.03B | $18.47B | $20.82B | $23.75B | $21.38B | $21.00B | $22.42B |
| Gross profit | $2.33B | $2.45B | $2.71B | $3.04B | $3.21B | $3.57B | $4.69B | $4.65B | $4.60B | $4.87B |
| Net income | $425.10M | $523.10M | $643.00M | $736.80M | $788.50M | $988.60M | $1.11B | $1.10B | $1.08B | $1.07B |
| Net margin | 3.1% | 3.5% | 4.0% | 4.1% | 4.3% | 4.7% | 4.7% | 5.2% | 5.1% | 4.8% |
Source: CDW Corporation SEC filings (10-K). 17 years of history available in the interactive view.
What growth is priced into CDW stock?
At today's market cap of $17.03B, CDW Corporation is priced for free-cash-flow growth of about 4.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.09B from the FY ending 2025-12-31). For comparison, free cash flow actually grew -1.2%/yr over the last five fiscal years and revenue 4%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of CDW Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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CDW Corporation financial history by metric
About CDW Corporation
CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Commercial, Government, and Education. 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, collaboration hardware, data storage and servers, desktop computers, and other hardware; and software products, such as cloud solutions, software assurance, application suites, security, virtualization, collaboration and productivity applications, operating systems, and network management. In addition, the company offers advisory and design, software development, implementation, and managed services, as well as warranties. It serves business, government, education, and healthcare customers. The company was formerly known as CDW Computer Centers, Inc. and changed its name to CDW Corporation in June 2003. CDW Corporation was founded in 1984 and is based in Vernon Hills, Illinois.
CDW Corporation — frequently asked questions
What is CDW Corporation's revenue?
CDW Corporation (CDW) reported revenue of $22.42B for fiscal year 2025, up 6.8% from the prior year, according to its SEC filings.
Is CDW Corporation profitable?
Yes. CDW earned net income of $1.07B in fiscal 2025, a net margin of 4.8%.
What is CDW's P/E ratio?
CDW Corporation trades at a price-to-earnings ratio of about 16.2 based on the latest data in our nightly-refreshed cache.
How fast is CDW Corporation growing?
CDW's revenue grew at roughly 4.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does CDW Corporation have?
As of fiscal year 2025, CDW carried roughly $4.62B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is CDW Corporation's gross margin?
CDW's gross margin was 21.7% in fiscal 2025 — gross profit of $4.87B on revenue of $22.42B.
What is CDW Corporation's market cap?
CDW Corporation (CDW) has a market capitalization of about $17.03B, based on the latest data in our nightly-refreshed cache.
When does CDW Corporation's fiscal year end?
CDW's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into CDW stock?
At today's market cap of $17.03B, CDW Corporation is priced for free-cash-flow growth of about 4.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.09B from the FY ending 2025-12-31). For comparison, free cash flow actually grew -1.2%/yr over the last five fiscal years and revenue 4%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from CDW Corporation's official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.