CDW Corp is a multi-brand provider of information technology (IT) solutions to businesses, government, education, and healthcare customers in the United States, the United Kingdom, and Canada.
It is a $17.8B consumer company. Revenue grew 7.4% over the last year, it keeps 5¢ of every dollar of sales as profit, and its net debt equals ~4.7 years of free cash flow. It trades at 16.5× earnings — in the cheapest third of its own history.
- Website
- cdw.com
- Location
- Vernon Hills, IL
- Employees
- 14 800
- Sector
- Consumer Cyclical
- Founded
- 1984
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation and quality; Growth and Health lag behind.
Valuation82
- P/E vs own history10th pct · 25/25
- FCF yield4.8% · 12/25
- P/S0.8x · 25/25
- EV/EBITDA11.8x · 20/25
Growth49
- Revenue CAGR1.9% · 6/25
- Net income CAGR1.9% · 6/25
- EPS CAGR ~5Y8.2% · 12/25
- Fwd implied growth30.9% · 25/25
Profitability56
- ROIC16.1% · 20/25
- ROE42.6% · 25/25
- Net margin4.6% · 6/25
- Operating margin7.1% · 5/25
Health42
- Altman Zn/a · 0/25
- Current ratio1.17 · 12/25
- Interest coverage7.3x · 18/25
- Net cash / debtD/A 25% · 12/25
Quality75
- Piotroski F6/9 · 15/25
- Beneish M-2.33 · 20/25
- FCF conversion80% · 15/25
- Margin stabilityσ 0.9% · 25/25
Moat62
- ROIC >12% years10/10 yrs · 25/25
- Median gross margin17.3% · 0/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 3.0% · 12/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- Dec 18, 2023MilestoneCDW became a component of the Nasdaq-100 index
- FY2022FinancialBest year on record$1.11B net income
- 2021AcquisitionCDW announced the acquisition of Sirius Computer Solutions, Inc
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $10B$14.0B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2015AcquisitionThe company announced that it had acquired the remaining 65% of Kelway Ltd., a London based…
- Jul 2, 2013IPOIt went public again through an initial public offering on the NASDAQ market on July 2, 2013, under the name CDW…
- 2007AcquisitionChicago based private equity firms Madison Dearborn Partners and Providence Equity Partners…
- 2006AcquisitionCDW acquired Berbee, a reseller of IBM, Cisco
- 2005ProductCDW launched BizTech magazine, which it publishes on quarterly basis
- 2003AcquisitionIt was CDW's second major acquisition after purchasing Micro Warehouse in September 2003
- 1984FoundedCDW was originally incorporated in 1984 as "MPK Computing" by its founder Michael Krasny and John Marks
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Interest covered 7.3× by operating earnings
- High returns on invested capital (ROIC 16.1%)
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+7.4% YoY
- Profitable — makes more than it spends$1.08B TTM
- Profit growing — earnings are higher than last year-0.3% YoY
- Generates cash — cash left after running and investing$860M TTM
- Debt under control — could handle its obligations~4.7y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$17.8B market cap
- Not printing shares — share count not ballooning — you keep your slice-8.8% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distresshealth score 30/100
- Pays a dividend — returns cash to shareholdersyield 1.83%
- Valuation not extreme — price not wildly above earningsP/E 16.5
Peer comparisonCDW Corporation vs 6 largest consumer cyclical peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| CDW this company | $17.8B | 16.5 | +7.4% | 4.6% | Strained |
| AMZN Amazon.Com Inc | $2.8T | 20.9 | +15.8% | 17.4% | Mixed |
| TSLA Tesla, Inc. | $1.5T | 397.1 | +11.8% | 3.7% | Strong |
| NFLX NetFlix Inc | $292.8B | 21.4 | +16.0% | 28.2% | Solid |
| HD Home Depot, Inc. | $290.4B | 20.4 | -16.0% | 8.7% | Solid |
| DIS The Walt Disney Company | $186.5B | 21.7 | +4.6% | 8.7% | Solid |
| MCD McDonald's Corporation | $166.9B | 18.9 | +6.3% | 31.7% | Strained |
Head-to-head: CDW vs AMZN · CDW vs TSLA · CDW vs NFLX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/CDW
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of CDW on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $142.17 · market cap $17.8B.