Symbols / CDW Stock $142.44 +0.73% CDW Corporation

Technology • Information Technology Services • United States • NMS
CDW (Stock) Chart
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About

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.

Stock Fundamentals
Scroll to Statements
Market Cap 18.37B Enterprise Value 23.93B Income 1.07B Sales 22.42B Book/sh 20.14 Cash/sh 4.80
Dividend Yield 1.77% Payout 31.00% Employees 14800 IPO — P/E 17.63 Forward P/E 12.57
PEG 1.33 P/S 0.82 P/B 7.07 P/C — EV/EBITDA 12.16 EV/Sales 1.07
Quick Ratio 1.06 Current Ratio 1.18 Debt/Eq 236.87 LT Debt/Eq — EPS (ttm) 8.08 EPS next Y 11.33
EPS Growth 8.80% Revenue Growth 6.30% Earnings 2026-05-06 ROA 6.81% ROE 43.02% ROIC —
Gross Margin 21.73% Oper. Margin 7.31% Profit Margin 4.76% Shs Outstand 127.97M Shs Float 128.56M Short Float 4.60%
Short Ratio 3.19 Short Interest — 52W High 192.30 52W Low 112.98 Beta 1.02 Avg Volume 1.71M
Volume 1.55M Target Price $166.20 Recom Buy Prev Close $141.41 Price $142.44 Change 0.73%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$166.20
Mean price target
2. Current target
$142.44
Latest analyst target
3. DCF / Fair value
$129.45
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$142.44
Low
$142.00
High
$195.00
Mean
$166.20

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-05 main Citigroup Neutral → Neutral $150
2026-02-05 main JP Morgan Neutral → Neutral $160
2026-02-05 main Barclays Equal-Weight → Equal-Weight $144
2026-02-05 main UBS Buy → Buy $162
2026-02-05 main Morgan Stanley Equal-Weight → Equal-Weight $142
2026-01-20 main Citigroup Neutral → Neutral $148
2026-01-20 down Morgan Stanley Overweight → Equal-Weight $141
2025-12-17 main Morgan Stanley Overweight → Overweight $177
2025-11-25 up Raymond James Outperform → Strong Buy $185
2025-11-05 main UBS Buy → Buy $190
2025-11-05 main Barclays Equal-Weight → Equal-Weight $148
2025-10-20 main Evercore ISI Group Outperform → Outperform $200
2025-08-07 main UBS Buy → Buy $200
2025-08-07 main Barclays Equal-Weight → Equal-Weight $176
2025-07-17 main JP Morgan Neutral → Neutral $205
2025-07-11 main Citigroup Neutral → Neutral $200
2025-05-08 main Citigroup Neutral → Neutral $180
2025-05-08 main UBS Buy → Buy $210
2025-05-08 main Barclays Equal-Weight → Equal-Weight $205
2025-04-17 main JP Morgan Neutral → Neutral $175
News
RSS: Latest CDW news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-01 NELMS DAVID W Director — 236 $0.00 $0
2026-04-01 SWEDISH JOSEPH R Director — 236 $0.00 $0
2026-03-10 MIRALLES ALBERT JOSEPH JR Officer — 133 $0.00 $0
2026-03-10 CLARIZIO LYNDA M Director — 13 $0.00 $0
2026-03-10 ADDICOTT VIRGINIA CLAIRE Director — 92 $0.00 $0
2026-03-10 ZARCONE DONNA F Director — 78 $0.00 $0
2026-03-10 MEHROTRA SANJAY Director — 19 $0.00 $0
2026-03-10 BELL JAMES A Director — 113 $0.00 $0
2026-03-10 NELMS DAVID W Director — 163 $0.00 $0
2026-03-10 SWEDISH JOSEPH R Director — 30 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
22,424.10
+6.79%
20,998.70
-1.77%
21,376.00
-9.99%
23,748.70
Operating Revenue
22,309.30
+6.79%
20,890.80
-1.75%
21,263.20
-9.97%
23,617.90
Cost Of Revenue
17,550.70
+7.04%
16,396.30
-1.96%
16,723.60
-12.27%
19,062.10
Reconciled Cost Of Revenue
17,550.70
+7.04%
16,396.30
-1.96%
16,723.60
-12.27%
19,062.10
Gross Profit
4,873.40
+5.89%
4,602.40
-1.07%
4,652.40
-0.73%
4,686.60
Operating Expense
3,217.80
+9.04%
2,951.10
-0.69%
2,971.50
+0.68%
2,951.40
Selling General And Administration
3,217.80
+9.04%
2,951.10
-0.69%
2,971.50
+0.68%
2,951.40
General And Administrative Expense
—
—
—
2,951.40
Other Gand A
—
—
—
2,951.40
Total Expenses
20,768.50
+7.35%
19,347.40
-1.77%
19,695.10
-10.53%
22,013.50
Operating Income
1,655.60
+0.26%
1,651.30
-1.76%
1,680.90
-3.13%
1,735.20
Total Operating Income As Reported
1,655.60
+0.26%
1,651.30
-1.76%
1,680.90
-3.13%
1,735.20
EBITDA
1,950.40
+1.31%
1,925.20
-1.15%
1,947.50
-3.31%
2,014.10
Normalized EBITDA
1,950.40
+1.31%
1,925.20
-1.15%
1,947.50
-3.31%
2,014.10
Reconciled Depreciation
295.60
+7.37%
275.30
+1.70%
270.70
-6.85%
290.60
EBIT
1,654.80
+0.30%
1,649.90
-1.60%
1,676.80
-2.71%
1,723.50
Net Income
1,066.60
-1.04%
1,077.80
-2.40%
1,104.30
-0.92%
1,114.50
Pretax Income
1,427.40
-0.56%
1,435.40
-1.02%
1,450.20
-2.53%
1,487.80
Net Non Operating Interest Income Expense
-227.40
-6.01%
-214.50
+5.34%
-226.60
+3.86%
-235.70
Interest Expense Non Operating
227.40
+6.01%
214.50
-5.34%
226.60
-3.86%
235.70
Net Interest Income
-227.40
-6.01%
-214.50
+5.34%
-226.60
+3.86%
-235.70
Interest Expense
227.40
+6.01%
214.50
-5.34%
226.60
-3.86%
235.70
Other Income Expense
-0.80
+42.86%
-1.40
+65.85%
-4.10
+64.96%
-11.70
Other Non Operating Income Expenses
-0.80
+42.86%
-1.40
+65.85%
-4.10
+64.96%
-11.70
Tax Provision
360.80
+0.89%
357.60
+3.38%
345.90
-7.34%
373.30
Tax Rate For Calcs
0.00
+1.46%
0.00
+4.24%
0.00
-4.78%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
1,066.60
-1.04%
1,077.80
-2.40%
1,104.30
-0.92%
1,114.50
Net Income From Continuing Operation Net Minority Interest
1,066.60
-1.04%
1,077.80
-2.40%
1,104.30
-0.92%
1,114.50
Net Income From Continuing And Discontinued Operation
1,066.60
-1.04%
1,077.80
-2.40%
1,104.30
-0.92%
1,114.50
Net Income Continuous Operations
1,066.60
-1.04%
1,077.80
-2.40%
1,104.30
-0.92%
1,114.50
Normalized Income
1,066.60
-1.04%
1,077.80
-2.40%
1,104.30
-0.92%
1,114.50
Net Income Common Stockholders
1,066.60
-1.04%
1,077.80
-2.40%
1,104.30
-0.92%
1,114.50
Diluted EPS
8.08
+1.38%
7.97
-1.60%
8.10
-0.37%
8.13
Basic EPS
8.13
+0.87%
8.06
-1.71%
8.20
-0.49%
8.24
Basic Average Shares
131.30
-1.87%
133.80
-0.59%
134.60
-0.44%
135.20
Diluted Average Shares
132.10
-2.29%
135.20
-0.81%
136.30
-0.51%
137.00
Diluted NI Availto Com Stockholders
1,066.60
-1.04%
1,077.80
-2.40%
1,104.30
-0.92%
1,114.50
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
16,028.20
+9.20%
14,678.40
+10.49%
13,284.60
+1.17%
13,131.50
Current Assets
8,500.50
+15.29%
7,373.10
+9.96%
6,705.00
+2.15%
6,564.00
Cash Cash Equivalents And Short Term Investments
618.70
-13.79%
717.70
+21.91%
588.70
+86.77%
315.20
Cash And Cash Equivalents
618.70
+22.88%
503.50
-14.47%
588.70
+86.77%
315.20
Other Short Term Investments
0.00
-100.00%
214.20
0.00
—
Receivables
6,866.40
+21.62%
5,645.70
+12.06%
5,038.00
+1.77%
4,950.40
Accounts Receivable
6,312.40
+22.91%
5,135.80
+12.44%
4,567.50
+2.38%
4,461.30
Gross Accounts Receivable
6,377.60
+23.14%
5,179.10
+12.68%
4,596.30
+2.44%
4,487.00
Allowance For Doubtful Accounts Receivable
-65.20
-50.58%
-43.30
-50.35%
-28.80
-12.06%
-25.70
Other Receivables
554.00
+8.65%
509.90
+8.37%
470.50
-3.80%
489.10
Inventory
563.40
-6.92%
605.30
-9.40%
668.10
-16.51%
800.20
Finished Goods
563.40
-6.92%
605.30
-9.40%
668.10
-16.51%
800.20
Prepaid Assets
—
—
—
498.20
Other Current Assets
452.00
+11.77%
404.40
-1.41%
410.20
-17.66%
498.20
Total Non Current Assets
7,527.70
+3.04%
7,305.30
+11.03%
6,579.60
+0.18%
6,567.50
Net PPE
308.20
-1.28%
312.20
-3.73%
324.30
-4.05%
338.00
Gross PPE
611.50
-3.34%
632.60
-0.06%
633.00
-2.30%
647.90
Accumulated Depreciation
-303.30
+5.34%
-320.40
-3.79%
-308.70
+0.39%
-309.90
Properties
0.00
0.00
0.00
0.00
Land And Improvements
27.70
+0.00%
27.70
-1.42%
28.10
+1.44%
27.70
Buildings And Improvements
144.30
+8.01%
133.60
+6.62%
125.30
-16.19%
149.50
Machinery Furniture Equipment
280.70
-12.58%
321.10
+3.35%
310.70
+2.41%
303.40
Construction In Progress
20.40
-27.66%
28.20
-27.13%
38.70
+128.99%
16.90
Other Properties
138.40
+13.44%
122.00
-6.30%
130.20
-13.43%
150.40
Goodwill And Other Intangible Assets
5,848.70
-2.15%
5,977.00
+3.35%
5,783.10
-0.86%
5,833.40
Goodwill
4,662.30
+0.91%
4,620.40
+4.69%
4,413.40
+1.63%
4,342.70
Other Intangible Assets
1,186.40
-12.55%
1,356.60
-0.96%
1,369.70
-8.12%
1,490.70
Other Non Current Assets
1,370.80
+34.91%
1,016.10
+115.18%
472.20
+19.21%
396.10
Total Liabilities Net Minority Interest
13,422.10
+8.90%
12,325.70
+9.64%
11,242.10
-2.48%
11,528.20
Current Liabilities
7,226.10
+32.00%
5,474.40
+0.60%
5,442.00
+10.00%
4,947.10
Payables And Accrued Expenses
4,831.70
+22.76%
3,935.80
+12.96%
3,484.20
-1.70%
3,544.30
Payables
4,655.60
+22.58%
3,798.10
+12.89%
3,364.30
-1.45%
3,413.80
Accounts Payable
4,220.10
+24.81%
3,381.30
+17.37%
2,881.00
+2.12%
2,821.30
Other Payable
352.60
-0.73%
355.20
-17.57%
430.90
-16.97%
519.00
Current Accrued Expenses
176.10
+27.89%
137.70
+14.85%
119.90
-8.12%
130.50
Pensionand Other Post Retirement Benefit Plans Current
318.80
+15.59%
275.80
-8.98%
303.00
-19.80%
377.80
Total Tax Payable
82.90
+34.58%
61.60
+17.56%
52.40
-28.71%
73.50
Current Debt And Capital Lease Obligation
1,007.50
+327.27%
235.80
-61.54%
613.10
+988.99%
56.30
Current Debt
1,007.50
+327.27%
235.80
-61.54%
613.10
+988.99%
56.30
Other Current Borrowings
—
—
—
56.30
Current Deferred Liabilities
534.00
+8.76%
491.00
+0.74%
487.40
+0.39%
485.50
Current Deferred Revenue
534.00
+8.76%
491.00
+0.74%
487.40
+0.39%
485.50
Other Current Liabilities
534.10
-0.35%
536.00
-3.30%
554.30
+14.71%
483.20
Total Non Current Liabilities Net Minority Interest
6,196.00
-9.56%
6,851.30
+18.12%
5,800.10
-11.87%
6,581.10
Long Term Debt And Capital Lease Obligation
4,780.10
-16.96%
5,756.10
+10.78%
5,195.80
-14.00%
6,041.60
Long Term Debt
4,622.30
-17.56%
5,607.00
+11.43%
5,031.80
-14.23%
5,866.40
Long Term Capital Lease Obligation
157.80
+5.84%
149.10
-9.09%
164.00
-6.39%
175.20
Non Current Deferred Liabilities
171.80
+2.63%
167.40
-2.33%
171.40
-15.73%
203.40
Non Current Deferred Taxes Liabilities
171.80
+2.63%
167.40
-2.33%
171.40
-15.73%
203.40
Other Non Current Liabilities
1,244.10
+34.09%
927.80
+114.32%
432.90
+28.80%
336.10
Stockholders Equity
2,606.10
+10.77%
2,352.70
+15.19%
2,042.50
+27.39%
1,603.30
Common Stock Equity
2,606.10
+10.77%
2,352.70
+15.19%
2,042.50
+27.39%
1,603.30
Capital Stock
1.30
+0.00%
1.30
+0.00%
1.30
-7.14%
1.40
Common Stock
1.30
+0.00%
1.30
+0.00%
1.30
-7.14%
1.40
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
129.40
-2.41%
132.60
-1.12%
134.10
-1.03%
135.50
Ordinary Shares Number
129.40
-2.41%
132.60
-1.12%
134.10
-1.03%
135.50
Additional Paid In Capital
3,978.50
+3.76%
3,834.40
+3.88%
3,691.30
+4.92%
3,518.10
Retained Earnings
-1,273.90
+3.70%
-1,322.90
+13.28%
-1,525.50
+13.51%
-1,763.80
Gains Losses Not Affecting Retained Earnings
-99.80
+37.66%
-160.10
-28.49%
-124.60
+18.24%
-152.40
Other Equity Adjustments
-99.80
+37.66%
-160.10
-28.49%
-124.60
+18.24%
-152.40
Total Equity Gross Minority Interest
2,606.10
+10.77%
2,352.70
+15.19%
2,042.50
+27.39%
1,603.30
Total Capitalization
7,228.40
-9.19%
7,959.70
+12.52%
7,074.30
-5.29%
7,469.70
Working Capital
1,274.40
-32.88%
1,898.70
+50.33%
1,263.00
-21.89%
1,616.90
Invested Capital
8,235.90
+0.49%
8,195.50
+6.61%
7,687.40
+2.14%
7,526.00
Total Debt
5,787.60
-3.41%
5,991.90
+3.15%
5,808.90
-4.74%
6,097.90
Net Debt
5,011.10
-6.15%
5,339.30
+5.60%
5,056.20
-9.83%
5,607.50
Capital Lease Obligations
157.80
+5.84%
149.10
-9.09%
164.00
-6.39%
175.20
Net Tangible Assets
-3,242.60
+10.53%
-3,624.30
+3.11%
-3,740.60
+11.57%
-4,230.10
Tangible Book Value
-3,242.60
+10.53%
-3,624.30
+3.11%
-3,740.60
+11.57%
-4,230.10
Line Of Credit
—
—
—
444.50
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
1,205.20
-5.64%
1,277.30
-20.10%
1,598.70
+19.67%
1,335.90
Cash Flow From Continuing Operating Activities
1,205.20
-5.64%
1,277.30
-20.10%
1,598.70
+19.67%
1,335.90
Net Income From Continuing Operations
1,066.60
-1.04%
1,077.80
-2.40%
1,104.30
-0.92%
1,114.50
Depreciation Amortization Depletion
295.60
+7.37%
275.30
+1.70%
270.70
-6.85%
290.60
Depreciation
48.00
-9.43%
53.00
+1.92%
52.00
-10.34%
58.00
Amortization Cash Flow
248.00
+11.71%
222.00
+1.37%
219.00
-6.01%
233.00
Depreciation And Amortization
295.60
+7.37%
275.30
+1.70%
270.70
-6.85%
290.60
Amortization Of Intangibles
248.00
+11.71%
222.00
+1.37%
219.00
-6.01%
233.00
Other Non Cash Items
7.20
+75.61%
4.10
-85.86%
29.00
+79.01%
16.20
Stock Based Compensation
83.60
+29.21%
64.70
-30.95%
93.70
+2.85%
91.10
Provisionand Write Offof Assets
37.20
+15.53%
32.20
+116.11%
14.90
+79.52%
8.30
Deferred Tax
1.30
+109.22%
-14.10
+56.88%
-32.70
-79.67%
-18.20
Deferred Income Tax
1.30
+109.22%
-14.10
+56.88%
-32.70
-79.67%
-18.20
Change In Working Capital
-286.30
-75.97%
-162.70
-236.95%
118.80
+171.31%
-166.60
Change In Receivables
-1,166.50
-108.53%
-559.40
-926.42%
-54.50
-56.61%
-34.80
Changes In Account Receivables
-1,166.50
-108.53%
-559.40
-926.42%
-54.50
-56.61%
-34.80
Change In Inventory
48.20
-21.11%
61.10
-56.04%
139.00
+24.22%
111.90
Change In Payables And Accrued Expense
815.40
+83.73%
443.80
+901.08%
-55.40
+78.69%
-260.00
Change In Payable
815.40
+83.73%
443.80
+901.08%
-55.40
+78.69%
-260.00
Change In Account Payable
815.40
+83.73%
443.80
+901.08%
-55.40
+78.69%
-260.00
Change In Other Current Assets
-390.10
+35.55%
-605.30
-430.22%
183.30
+187.75%
-208.90
Change In Other Current Liabilities
406.70
-18.19%
497.10
+631.09%
-93.60
-141.56%
225.20
Investing Cash Flow
70.20
+110.65%
-659.20
-187.11%
-229.60
-39.57%
-164.50
Cash Flow From Continuing Investing Activities
70.20
+110.65%
-659.20
-187.11%
-229.60
-39.57%
-164.50
Capital Expenditure
-117.10
+4.49%
-122.60
+17.27%
-148.20
-15.96%
-127.80
Capital Expenditure Reported
-117.10
+4.49%
-122.60
+17.27%
-148.20
-15.96%
-127.80
Net Investment Purchase And Sale
211.10
+200.00%
-211.10
0.00
0.00
Purchase Of Investment
—
-211.10
0.00
0.00
Net Business Purchase And Sale
-21.50
+93.36%
-323.90
-323.95%
-76.40
-108.17%
-36.70
Purchase Of Business
-21.50
+93.36%
-323.90
-323.95%
-76.40
-108.17%
-36.70
Net Other Investing Changes
-2.30
-43.75%
-1.60
+68.00%
-5.00
—
Financing Cash Flow
-1,184.50
-72.44%
-686.90
+37.48%
-1,098.70
+0.31%
-1,102.10
Cash Flow From Continuing Financing Activities
-1,184.50
-72.44%
-686.90
+37.48%
-1,098.70
+0.31%
-1,102.10
Net Issuance Payments Of Debt
-1.00
-100.42%
235.40
+416.40%
-74.40
+91.40%
-865.30
Issuance Of Debt
3,196.90
+114.27%
1,492.00
+618.69%
207.60
-90.98%
2,301.40
Repayment Of Debt
-3,197.90
-154.49%
-1,256.60
-345.60%
-282.00
+91.09%
-3,166.70
Long Term Debt Issuance
592.50
-50.53%
1,197.80
0.00
0.00
Long Term Debt Payments
-3,197.90
-154.49%
-1,256.60
-345.60%
-282.00
+91.09%
-3,166.70
Net Long Term Debt Issuance
-2,605.40
-4330.95%
-58.80
+79.15%
-282.00
+91.09%
-3,166.70
Short Term Debt Issuance
2,604.40
+785.25%
294.20
+41.71%
207.60
-90.98%
2,301.40
Short Term Debt Payments
—
—
-282.00
+88.86%
-2,531.20
Net Short Term Debt Issuance
2,604.40
+785.25%
294.20
+41.71%
207.60
-90.98%
2,301.40
Net Common Stock Issuance
-653.00
-30.60%
-500.00
+0.00%
-500.00
0.00
Common Stock Payments
-653.00
-30.60%
-500.00
+0.00%
-500.00
0.00
Common Stock Dividend Paid
-328.60
+1.05%
-332.10
-3.30%
-321.50
-13.77%
-282.60
Cash Dividends Paid
-328.60
+1.05%
-332.10
-3.30%
-321.50
-13.77%
-282.60
Repurchase Of Capital Stock
-653.00
-30.60%
-500.00
+0.00%
-500.00
0.00
Proceeds From Stock Option Exercised
29.50
-37.23%
47.00
-4.67%
49.30
+63.25%
30.20
Net Other Financing Charges
-231.40
-68.66%
-137.20
+45.58%
-252.10
-1716.03%
15.60
Changes In Cash
90.90
+232.12%
-68.80
-125.44%
270.40
+290.19%
69.30
Effect Of Exchange Rate Changes
20.30
+266.39%
-12.20
-493.55%
3.10
+125.41%
-12.20
Beginning Cash Position
507.70
-13.76%
588.70
+86.77%
315.20
+22.12%
258.10
End Cash Position
618.90
+21.90%
507.70
-13.76%
588.70
+86.77%
315.20
Free Cash Flow
1,088.10
-5.77%
1,154.70
-20.39%
1,450.50
+20.06%
1,208.10
Interest Paid Supplemental Data
234.30
+7.72%
217.50
-6.73%
233.20
+3.97%
224.30
Income Tax Paid Supplemental Data
326.00
-18.21%
398.60
-0.70%
401.40
+10.82%
362.20
Sale Of Business
—
—
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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