CDW (CDW) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

CDW

NasdaqGS•Technology•Information Technology Services

$149.20-0.76(-0.01%)After hours

Market Cap

$19.12B

P/E

17.7x

P/S

0.8x

P/B

7.8x

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.

How this company scores

AverageMetricSide Score: 59/100

Strongest: Growth (17/25); weakest: Profitability (13/25).

Profitability13/25

Growth17/25

Balance Sheet & Red Flags14/25

Cash & Earnings Quality15/25

Strengths

High ROECash-backed earningsImproving leverageConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 17.7x5y range 14.2x – 31.2x

Currently near its 20-quarter median.

P/S · 0.8x5y range 0.7x – 1.6x

Currently below its 20-quarter median.

P/B · 7.8x5y range 6.0x – 39.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 6.2% — watch for continued compression, which may signal competitive or cost pressure.

Price & Volume

Market Cap $19.12B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $23.50B
Q. Revenue: $6.57B
TTM EBITDA: $1.98B
TTM Op. Income: $1.68B
Q. Op. Income: $428.60M
TTM Net Income: $1.08B
Q. Net Income: $274.40M
EPS: $2.16
Shares Out.: $127.00M

$23.50B in TTM revenue grew 7.4% YoY, reaching $6.57B last quarter. TTM EBITDA of $1.98B and TTM operating income of $1.68B show growth is flowing through to the bottom line. TTM net income of $1.08B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 20.1%
EBITDA Margin: 7.7%
Op. Margin: 6.5%
Net Margin: 4.2%

Op. margin of 6.5% is down 0.5% YoY — costs are rising relative to revenue. Net margin at 4.2% and gross margin of 20.1% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 17.7x
P/S Ratio: 0.8x
P/B Ratio: 7.8x

At 17.7x P/E, the stock trades within typical market levels. P/S of 0.8x and P/B of 7.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 19% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $17.25B
Cash: $361.80M
Long-Term Debt: $4.81B
Book Value: $2.44B
D/E Ratio: 2.0
Debt/EBITDA: 9.5

With $17.25B in assets and $4.81B in long-term debt, D/E is 2.0and book value is $2.44B — moderate leverage. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-55.10M
TTM Free Cash Flow: $860.20M
FCF Margin: 3.7%
FCF / Net Income: 0.8

TTM FCF of $860.20M on $-55.10M in operating cash flow. The FCF / Net Income ratio of 0.8x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.