CDW Corporation: stock overview

CDWNASDAQTechnology · Retail-Catalog & Mail-Order Houses

Price

$171.65

November 13, 2026Market cap $22.1B

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  • The full history: 17 fiscal years, from 2009
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
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In short

CDW had revenue of $24.5B over the last 12 months and net income of $1.1B, a net margin of 4.5%. Revenue grew by 4.0% a year on average over the last 5 years. At $171.65 the shares trade at a P/E of 20.2, against a median of 22.0 over the last 5 fiscal years. It has net debt of $5.6B. It pays a dividend yielding 1.47%.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$22.1B
129M shares
P/E
20.2
Today20.2
Median22.0
Revenue, 12 months
$24.5B
+4.0% a year over 5 years
Net margin
4.5%
2025: 4.8%, above 73% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+2.4% a year over 2 years

  • 202510-K
    Revenue$22.4B
  • 202410-K
    Revenue$21.0B
  • 202310-K
    Revenue$21.4B

Fiscal years in figures

CDW's revenue, profit, cash flow and dividend with each year-end price, from 2009 to 2022, 14 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $23.1B
$22.1B
Enterprise value 
$27.7B
P/E 3-year median: 21.8
20.2
EV / EBIT 
16.1
EV / Revenue 
1.1
P/B 3-year median: 9.8
8.4
FCF yield 3-year median: 5.0%
4.2%
Earnings yield 3-year median: 4.6%
5.0%

Profitability

Gross margin 
21.0%
Operating margin 
7.0%
Net margin 3-year median: 5.1%
4.5%
ROIC 
15.0%
ROIC, 5-year average 
16.4%
ROE 
43.0%

Growth

Revenue, yearly change 
+6.8%
EPS, yearly change 
+1.4%
FCF, yearly change 
-5.8%
Revenue, average a year 
+4.0%
EPS, average a year 
+8.2%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$1.5B
Total debt 
$7.3B
Of which operating leases 
$143M
Net debt 
$5.6B
Net debt / EBITDA 
2.8x
Interest cover 
–
Current ratio 
1.26

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 3-year median: 1.4%
1.47%
Buybacks 
2.95%
Total returned 
4.42%
Shares, yearly change 
-2.6%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 59).

Gross margin

21.7%

Above 21% of the 51 companies in its industry, and 24% of all.

Operating margin

7.4%

Above 81% of the 65 companies in its industry, and 57% of all.

Net margin

4.8%

Above 73% of the 66 companies in its industry, and 51% of all.

ROE

40.9%

Above 95% of the 46 companies in its industry, and 95% of all.

ROA

6.7%

Above 73% of the 64 companies in its industry, and 79% of all.

Revenue growth

6.8%

Above 63% of the 66 companies in its industry, and 52% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
CDW Corp
CIK
1402057
Exchange
NASDAQ
Industry (SIC)
5961 · Retail-Catalog & Mail-Order Houses
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
129M

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The full analysis

What do CDW's filings show?

These are CDW's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about CDW

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What is CDW's market cap?

CDW Corporation's market cap is $22.1B, at a price of $171.65 on November 13, 2026 and 129M shares.

What is CDW's P/E?

CDW's P/E is 20.2, on earnings per share of $8.57 over the last 12 months. The median over the last 5 fiscal years was 22.0.

How much revenue does CDW have?

CDW had revenue of $24.5B over the last 12 months. Over the last 5 years it changed by +4.0% a year on average.

Does CDW pay a dividend?

Yes. CDW paid $2.52 per share over the last 12 months, a yield of 1.47% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From CDW Corporation's SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.