TORVANTA
Information Technology · S&P 500 · data as of 2026-10-05

CDW stock analysis: CDW Corp

CDW Corp (CDW) is an S&P 500 company in Technology Distributors. It grades weakest on momentum, profitability and growth.

The model's view of CDW · subscribers

Where CDW ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with CDW · updated 2026-10-05 · from prices and SEC filings

CDW price performance

CDW against the S&P 500, one year
-40%-20%+0%+20%S&P 500 +18%CDW -16%2025-09-292026-10-05
Year to date-0.2%S&P 500 +14.5% · behind by 14.7 pts
1 year-14.2%S&P 500 +17.0% · behind by 31.3 pts
3 years-31.1%S&P 500 +89.3% · behind by 120.3 pts
5 years-22.1%S&P 500 +91.3% · behind by 113.5 pts

Total returns with dividends reinvested.

CDW factor grades

Each grade compares CDW with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

B+ValueP/E 16.1x (sector 36.5x)FCF yield 5.1% (sector 3.0%)
DGrowthRevenue growth +7% (sector +18%)EPS growth +3% (sector +37%)
D+ProfitabilityOperating margin 7.1% (sector 23.7%)ROIC 15.8% (sector 20.3%)
C-Momentum12-month change -14%From 52-wk high -14%

CDW in plain numbers

CDW key statistics

SectorInformation Technology
IndustryTechnology Distributors
IndexS&P 500
Market value$16.7B
Revenue growth (y/y)+7%
Free-cash-flow yield5.1%
Dividend yield1.9%
Next earnings (expected)2026-11-03
Valuation measures
Market value$16.7B
Enterprise value$22.2B
P/E (trailing)16.1x
Forward P/E (Torvanta estimate)14.6x
PEG (Torvanta estimate)1.37
Price / sales0.7x
Price / book6.9x
EV / revenue0.9x
EV / EBITDA11.2x
Financial highlights
Revenue, last 12 months$23.5B
Net income, last 12 months$1.1B
EPS, last 12 months (GAAP)$8.32
Gross margin21.4%
Operating margin7.1%
Net margin4.6%
Return on equity44.0%
Return on invested capital15.8%
Cash$361.8M
Total debt$5.8B
Debt / equity2.38x
Free cash flow, last 12 months$860.2M
Current ratio1.17x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

CDW earnings trends

Revenue vs earnings
$0$1.6B$3.3B$4.9B$6.6BSep 2024 Revenue: $5.5BDec 2024 Revenue: $5.2BMar 2025 Revenue: $5.2BJun 2025 Revenue: $6.0BSep 2025 Revenue: $5.7BDec 2025 Revenue: $5.5BMar 2026 Revenue: $5.7BJun 2026 Revenue: $6.6BSep 2024 Net income: $316.4MDec 2024 Net income: $264.2MMar 2025 Net income: $224.9MJun 2025 Net income: $271.2MSep 2025 Net income: $291.0MDec 2025 Net income: $279.5MMar 2026 Net income: $235.4MJun 2026 Net income: $274.4MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 5.7%Net margin: 5.1%Net margin: 4.3%Net margin: 4.5%Net margin: 5.1%Net margin: 5.1%Net margin: 4.1%Net margin: 4.2%0%3%6%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.6$1.2$1.8$2.3Sep 2024 EPS (GAAP, diluted): $2.3Dec 2024 EPS (GAAP, diluted): $2.0Mar 2025 EPS (GAAP, diluted): $1.7Jun 2025 EPS (GAAP, diluted): $2.1Sep 2025 EPS (GAAP, diluted): $2.2Dec 2025 EPS (GAAP, diluted): $2.1Mar 2026 EPS (GAAP, diluted): $1.8Jun 2026 EPS (GAAP, diluted): $2.2Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 -6% · Dec 2025 +9% · Mar 2026 +8% · Jun 2026 +5%

From the company's 10-Q and 10-K filings with the SEC.

CDW Corp financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$20.8B$23.7B$21.4B$21.0B$22.4B
Net income$1.0B$1.1B$1.1B$1.1B$1.1B
EPS (GAAP)$7.04$8.13$8.10$7.97$8.09
Free cash flow$684.6M$1.2B$1.5B$1.2B$1.1B

CDW earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-05$2.15+5%+10%-7.4%
2026-05-06$1.82+8%+9%-20.5%
2026-02-04$2.14+9%+6%+13.3%
2025-11-04$2.21-6%+4%-4.7%
2025-08-06$2.05-1%+10%-2.7%
2025-05-07$1.69+6%+7%+8.7%

About CDW Corp

HeadquartersVernon Hills, IL
Industry (SEC code)Retail-Catalog & Mail-Order Houses
Fiscal year endsDecember 31
Incorporated inDE
Listed onNasdaq
FormerlyVH Holdings, Inc.

From the company's SEC registration record.

Companies similar to CDW

CompanyMarket valueP/ERevenue growthOperating margin12-month change
CDW CDW Corp$16.7B16.1x+7%7.1%-14%
ZBRA Zebra Technologies$17.8B34.3x+13%14.7%+23%compare
AKAM Akamai$15.5B39.0x+6%10.5%+39%compare
FICO Fair Isaac$14.9B19.9x+24%51.7%-63%compare
FSLR First Solar$18.9B10.9x+24%33.6%-23%
TRMB Trimble$13.7Bn/a+6%17.0%-27%
TYL Tyler Technologies$13.4B43.5x+8%15.1%-35%

All Information Technology stock ratings

Frequently asked questions

Is CDW stock a buy?

Torvanta does not tell individuals what to buy. Its grades for CDW are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is CDW's P/E ratio?

CDW trades at about 16.1 times its last 12 months of GAAP earnings reported to the SEC, and about 14.6 times Torvanta's own estimate of the next 12 months.

When does CDW report earnings next?

Based on its filing history, Torvanta expects CDW Corp to report around 2026-11-03.

Does CDW pay a dividend?

Yes. Its dividend yield is about 1.9%, and it has raised its dividend 12 years in a row.

How has CDW performed against the S&P 500?

Over the past year CDW returned -14.2%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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