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CDW Corp(CDW US)

$165.11+0.490.30%Ext:$173.14+8.034.87%(Market Closed · 23:47:22 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

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CDW US​

CDW Corp — Company Profile

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.

Sector
Consumer Staples
Industry
Consumer Staples Distribution & Retail
Exchange
UQ
CEO
Christine A. Leahy
Headquarters
Vernon Hills, IL, US
IPO Date
Jun 27, 2013
Employees
14,800
Website
www.cdw.com

Key Metrics

Price
$135.81
Market Cap
$17.35B
Revenue (TTM)
$5.68B
Net Income (TTM)
$235.40M
EPS (TTM)
1.82
P/E (TTM)
16.11
P/B (TTM)
6.79
Dividend Yield
2.27%
ROE (TTM)
9.21%
ROA (TTM)
1.43%
Operating Margin
6.64%
Beta
0.73

Dividends

Last Dividend
$0.63
Last Yield
0.02%

Summary

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.

Website
www.cdw.com
Location
Vernon Hills, IL, US
Phone847 465 6000
Employees14,800
CEOChristine A. Leahy
Sector
Consumer Staples
Industry
Consumer Staples Distribution & Retail
IPO DateJun 27, 2013

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Latest Documents

SEC Filings(1.6K)

Expand
  • 4Statement of changes in beneficial ownership19 Oct
  • 3Initial statement of beneficial ownership19 Oct
  • 8-KDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers19 Oct
  • 4Statement of changes in beneficial ownership5 Oct
  • 4Statement of changes in beneficial ownership5 Oct
  • 4Statement of changes in beneficial ownership28 Sep
  • DRule 506(b) provides a "safer harbor" for a private offering22 Sep
  • 8-KEntry into a Material Definitive Agreement21 Sep
  • 424B5Prospectus filing (Rule 424(b)(5))15 Sep
  • 8-KEntry into a Material Definitive Agreement15 Sep
  • FWPFree writing prospectus14 Sep
  • 4Statement of changes in beneficial ownership14 Sep
  • 4Statement of changes in beneficial ownership14 Sep
  • 4Statement of changes in beneficial ownership14 Sep
  • 4Statement of changes in beneficial ownership14 Sep
  • 4Statement of changes in beneficial ownership14 Sep
  • 4Statement of changes in beneficial ownership14 Sep
  • 4Statement of changes in beneficial ownership14 Sep
  • 4Statement of changes in beneficial ownership14 Sep
  • 4Statement of changes in beneficial ownership14 Sep

News

  • CDW Corp (CDW) Stock Up 4.0% and Still Undervalued -- GF Score: 83/10022 Oct
  • CDW Appoints Sam Balaji to Board of Directors19 Oct
  • CDW Canada Awarded Canadian Partner Excellence Award by Dell Technologies for the Fifth Consecutive Year15 Oct
  • CDW Corporation $CDW Stock: Krilogy Financial LLC Raises Holdings15 Oct
  • 96,481 Shares in CDW Corporation $CDW Bought by NorthCrest Asset Manangement LLC13 Oct
  • CDW (NASDAQ:CDW) vs. Iveda Solutions (NASDAQ:IVDA) Critical Review10 Oct
  • Can CDW Corporation Restore Margin Momentum in the Second Half?2 Oct
  • CDW's Buyback Pace Jumps: Can Stronger Cash Flow Sustain Returns?30 Sep
  • Is the Options Market Predicting a Spike in CDW Stock?29 Sep
  • Head-To-Head Comparison: AmpliTech Group (NASDAQ:AMPG) versus CDW (NASDAQ:CDW)29 Sep
  • CDW Completes Acquisition of Lovelytics25 Sep
  • ClearOne (NASDAQ:CLRO) and CDW (NASDAQ:CDW) Head-To-Head Review25 Sep
  • CDW Canada's AI Workplace Trends Report Finds Canadian Organizations Entering New Phase of AI Maturity as Agentic AI Gains Ground22 Sep
  • Bank of America Corp DE Acquires Shares of 1,813,551 CDW Corporation $CDW17 Sep
  • Financial Review: CDW (NASDAQ:CDW) vs. Kimball Electronics (NASDAQ:KE)15 Sep
  • CDW's $525M Lovelytics Buyout: Can Data & AI Services Boost Growth?14 Sep
  • Amundi Sells 259,463 Shares of CDW Corporation $CDW11 Sep
  • CDW Corp (CDW) Stock Down 5.2% -- Now Undervalued? GF Score: 81/1008 Sep
  • CDW Corporation (CDW) Presents at Citi's 2026 Global TMT Conference Transcript8 Sep
  • Why Is CDW (CDW) Up 8.4% Since Last Earnings Report?4 Sep

Mentions in Filings

  • … ef Information Officer for multiple hospitals and healthcare organizations responsible for evaluating and purchasing complex technology systems. He currently serves as Director of Healthcare and Education IT Strategists at <strong>CDW</strong>, an information technology products provider, where he advises institutional healthcare and education clients on technology strategy. Previously, Mr. Tarlow served as Chief Information Officer at Brookdale University Hospit …
    Nano Dimension Ltd.CDW Corp·PRE 14A - Preliminary proxy statement·Q4 26·22 Oct
  • … ost-Closing Company upon the Closing. Mr. Harczak has served as a managing director at Sawdust Investment Management, a private investment firm since 2008. He previously held several executive leadership positions at <strong>CDW Corporation</strong>, including executive vice president of sales, marketing, product partner management, business development and chief financial officer. He is also a former partner at PricewaterhouseCooper LLP. Mr. Harczak has served o …
    Texas Ventures Acquisition III CorpCDW Corp·S-4 - Registration statement (business combination)·Q4 26·9 Oct
  • … rd of Directors from July 2010 to May 2016. Mr. Mehrotra served as a member of the Board of Directors for Cavium, Inc. from July 2009 until July 2018, for Western Digital Corp. from May 2016 to February 2017, and for <strong>CDW Corporation</strong> from March 2021 to May 2026. Mr. Mehrotra holds a BS and an MS in Electrical Engineering and Computer Science from the University of California, Berkeley, and is a graduate of the Stanford Graduate School of Business …
    MICRON TECHNOLOGY INCCDW Corp·10-K - Annual report FY 2026·FY26·9 Oct
  • … finance functions including accounting, tax, treasury, SEC reporting, and financial systems. Ms. Mocciaro is currently Chief Accounting Officer and Corporate Controller for Coherent Corp. She joined Coherent in 2023 from <strong>CDW</strong>, where she was Vice President, Chief Accounting Officer, and Controller from 2020 to 2022. From 2016 to 2020, she was Senior Vice President, Chief Accounting Officer, and Global Controller at Anixter International Inc., w …
    COHERENT CORP.CDW Corp·ARS - Annual report to security holders·FY26·9 Oct
  • … LARIA MOCCIARO joined the Company in February 2023 as the Senior Vice President, Chief Accounting Officer and Corporate Controller and became the principal accounting officer on August 31, 2023. She joined the Company from <strong>CDW</strong>, where she was the Vice President, Chief Accounting Officer and Controller from 2020 to 2022. From 2016 to 2020, she was the Senior Vice President, Chief Accounting Officer and Global Controller at Anixter International Inc …
    COHERENT CORP.CDW Corp·DEF 14A - Definitive proxy statement·Q2 27·9 Oct
  • … e stock price” means the 30-trading day average immediately before and including the start day of the performance period and the 30-trading day average immediately before and including the end day of the performance period. ​ • rTSR is defined as the Company’s relative TSR ranking in a given fiscal year as compared to that of the following peer group : Arrow Electronics Inc, TD SYNNEX Corporation, Insight Enterprises Inc and <strong>CDW Corporation</strong> ​
    AVNET INCCDW Corp·DEF 14A - Definitive proxy statement·Q2 27·6 Oct

Key Stats

Trading

Px/Chg 1D$135.81 / +1.89%
Prev Close$152.38
% of 52Wk H84.22%
Avg Volume1.92M
Beta0.73
Mkt Cap17.35B
FD Mkt Cap18.46B

Float

Shrs Out/Float127.75M / 127.30M
Short Float0.09%
Days to Cover5.17
Stock Repurchased$201.00M

Current Valuation

EV22.92B
EV/EBITDA12.36
EV/Sales1.00
P/B6.79
P/S0.76
FCF Yield1.43%
ROE9.21%
ROA1.43%
Current Ratio1.16

Dividend

Cash$0.63
Yield2.27%
Yield (TTM)2.27%

Estimates

P/E16.11
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMay '23Apr '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings41.5020.3629.4820.3563.6373.70
Price / Sales1.960.961.521.043.233.05
Price / Book Value10.6114.1515.949.326.826.79
Price / Free Cash Flow35.0018.7922.4419.0044.9269.85
ENTERPRISE VALUE METRICS
Enterprise Value28,017.528,477.437,774.627,422.223,496.222,917.4
Enterprise Value / Sales2.511.201.771.314.264.03
Enterprise Value / EBITDA32.4414.1419.4014.2446.8067.64
Enterprise Value / EBIT39.5116.5222.5316.6254.9586.91

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue1.9%20,820.823,748.721,376.020,998.722,424.1
Gross Income8.1%3,568.54,686.64,652.44,602.44,873.4
EBITDA4.4%1,639.92,014.11,947.51,925.21,950.8
EBIT3.4%1,448.71,723.51,676.81,649.91,654.8
Net Income1.9%988.61,114.51,104.31,077.81,066.6
EPS (Diluted)3.5%7.048.148.107.978.08
BALANCE SHEET
Cash & ST Inv24.4%258.1315.2588.7717.7618.7
Total Assets5%13,199.413,131.513,284.614,678.416,028.2
Total Liabilities1.8%12,493.711,528.211,242.112,325.713,422.1
Total Shareholder Equity38.6%705.71,603.32,042.52,352.72,606.1
CASH FLOW
Net Operating Cash Flow11.3%784.61,335.91,598.71,277.31,205.2
Cap Ex4%-100.0-127.8-148.2-122.6-117.1
Free Cash Flow12.3%684.61,208.11,450.51,154.71,088.1

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)164.51
Basic Shares127.75
Market Cap21,017.0
Diluted Shares129.50
Fully Diluted Shares Outstanding129.50
Fully Diluted Market Cap21,304.4
+Consolidated Debt6,146.3
−In-the-Money Convertible Debt—
+Capital Leases149.7
+Operating Leases—
−Cash & Equivalents-578.6
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value26,584.7

Segment data

Revenue

by Products and services

  • Total Hardware72%
  • Software Products19%
  • Services9%
  • Other Segments1%

Revenue

by Geography

  • Non-us100%

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