CDW Corp
CDW Corp
Insider Sentiment (TTM):
Last Purchase:2026-05-27Last Sale:2025-12-08Shares Purchased (TTM):22,830Shares Sold (TTM):7,400
Institutional Sentiment:
As of:N/AInstitutional Shares Owned:N/AShares Outstanding:N/AInstitutional Ownership Pct.:N/A
Earnings Market Reaction:
Filing Date:2026-05-06Price on Filing Date:N/APrevious Close:N/A% Change:N/A
CDW Corp (CDW) — SEC Financial Statements & Analysis
CDW Corp (CDW) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 579 | 619 | 453 | 481 | 471 | 504 | 947 | 665 | 804 | 589 | 441 | 204 | |||||
Short Term Investments | - | 0 | 0 | 0 | 217 | - | 212 | - | - | - | - | - | |||||
Accounts Receivable Net Current | 6,468 | 6,312 | 5,785 | 5,627 | 5,334 | 5,136 | 4,894 | 4,719 | 4,310 | 4,568 | 4,419 | 4,497 | |||||
Inventory Net | 821 | 563 | 505 | 762 | 720 | 605 | 683 | 725 | 671 | 668 | 706 | 790 | |||||
Other Receivables Net Current | 583 | 554 | 613 | 559 | 524 | 510 | 520 | 545 | 482 | 471 | 490 | 518 | |||||
Prepaid Expense And Other Assets Current | 514 | 452 | 421 | 408 | 385 | 404 | 407 | 389 | 367 | 410 | 403 | 479 | |||||
Assets Current | 8,965 | 8,501 | 7,777 | 7,837 | 7,652 | 7,373 | 7,662 | 7,044 | 6,634 | 6,705 | 6,458 | 6,488 | |||||
Operating Lease Right Of Use Asset | 130 | 137 | 103 | 110 | 113 | 120 | 129 | 131 | 135 | 129 | 133 | 137 | |||||
Property Plant And Equipment Net | 172 | 172 | 177 | 182 | 188 | 192 | 193 | 187 | 190 | 196 | 195 | 194 | |||||
Goodwill | 4,651 | 4,662 | 4,642 | 4,653 | 4,636 | 4,620 | 4,425 | 4,409 | 4,410 | 4,413 | 4,417 | 4,428 | |||||
Intangible Assets Net Excluding Goodwill | 1,137 | 1,186 | 1,226 | 1,271 | 1,314 | 1,357 | 1,260 | 1,295 | 1,331 | 1,370 | 1,385 | 1,425 | |||||
Other Assets Noncurrent | - | - | - | - | - | - | 709 | 573 | 493 | 472 | 287 | 314 | |||||
Assets | 16,453 | 16,028 | 15,198 | 15,266 | 15,019 | 14,678 | 14,377 | 13,639 | 13,193 | 13,285 | 12,875 | 12,986 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Trade Current | 4,562 | 4,220 | 3,679 | 3,800 | 3,628 | 3,381 | 3,180 | 3,119 | 2,741 | 2,881 | 2,617 | 2,867 | |||||
Long Term Debt Current | 1,006 | 1,008 | 9 | 10 | 231 | 236 | 423 | 1,204 | 605 | 613 | 40 | 42 | |||||
Contract With Customer Liability Current | 597 | 534 | 477 | 490 | 521 | 491 | 475 | 451 | 470 | 487 | 439 | 442 | |||||
Accrued Liabilities Curre… | |||||||||||||||||
Employee Related Liabilities Current | 250 | 319 | 283 | 313 | 226 | 276 | 247 | 296 | 251 | 303 | 271 | 281 | |||||
Accrued Advertising Current | 237 | 176 | 193 | 172 | 156 | 138 | 148 | 145 | 136 | 120 | 150 | 147 | |||||
Sales And Excise Tax Payable Current | 167 | 83 | 116 | 82 | 124 | 62 | 65 | 81 | 110 | 52 | 80 | 79 | |||||
Other Accrued Liabilities Current | 525 | 534 | 506 | 519 | 552 | 536 | 563 | 508 | 564 | 554 | 565 | 522 | |||||
Liabilities Current | 7,699 | 7,226 | 5,594 | 5,806 | 5,782 | 5,474 | 5,459 | 6,208 | 5,261 | 5,442 | 4,782 | 4,997 | |||||
Liabilities Noncurrent | |||||||||||||||||
Long Term Debt Noncurrent | 4,635 | 4,622 | 5,620 | 5,623 | 5,622 | 5,607 | 5,608 | 4,425 | 5,028 | 5,032 | 5,662 | 5,721 | |||||
Deferred Income Tax Liabilities Net | 167 | 172 | 165 | 139 | 155 | 167 | 145 | 152 | 162 | 171 | 172 | 180 | |||||
Operating Lease Liability Noncurrent | 150 | 158 | 129 | 136 | 141 | 149 | 159 | 162 | 168 | 164 | 169 | 174 | |||||
Other Liabilities Noncurrent | - | - | - | - | - | - | 658 | 518 | 436 | 433 | 281 | 301 | |||||
Accounts Payable And Accrued Liabilities Noncurren… | 1,248 | 1,244 | 1,150 | 1,094 | 996 | - | - | - | - | - | - | - | |||||
Liabilities Noncurrent | 6,200 | 6,196 | 7,064 | 6,993 | 6,914 | 6,851 | 6,569 | 5,256 | 5,793 | 5,800 | 6,283 | 6,375 | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Additional Paid In Capital Common Stock | 4,009 | 3,979 | 3,956 | 3,919 | 3,867 | 3,834 | 3,807 | 3,790 | 3,745 | 3,691 | 3,645 | 3,600 | |||||
Retained Earnings Accumulated Deficit | -1,335 | -1,274 | -1,311 | -1,367 | -1,402 | -1,323 | -1,351 | -1,481 | -1,474 | -1,526 | -1,687 | -1,863 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -120 | -100 | -107 | -86 | -143 | -160 | -108 | -135 | -133 | -125 | -150 | -125 | |||||
Stockholders Equity | 2,555 | 2,606 | 2,540 | 2,467 | 2,323 | 2,353 | 2,349 | 2,175 | 2,139 | 2,043 | 1,810 | 1,613 | |||||
Liabilities And Stockholders Equity | 16,453 | 16,028 | 15,198 | 15,266 | 15,019 | 14,678 | 14,377 | 13,639 | 13,193 | 13,285 | 12,875 | 12,986 | |||||
Allowance For Doubtful Accounts Receivable Current | 66 | 65 | 58 | 52 | 48 | 43 | 38 | 33 | 30 | 29 | 27 | 26 | |||||
Preferred Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Preferred Stock Shares Authorized | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Common Stock Shares Authorized | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |||||
Shares Outstanding | 128 | 129 | 130 | 131 | 132 | 133 | 133 | 134 | 134 | 134 | 134 | 134 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 15.77% | - | - | - | - | - | - | - | - | - | - | - |
| 2025 | 3.11% | 1.42% | 3.55% | -0.08% | -0.32% | -4.08% | 2.26% | -0.94% | -10.66% | -6.33% | 1.22% | -15.50% |
| 2024 | 7.95% | 10.02% | 6.91% | 5.33% | 3.58% | 0.36% | -8.25% | -10.21% | -2.91% | -10.15% | -19.95% | -3.73% |
| 2023 | - | - | - | 3.85% | 4.75% | 2.03% | 9.11% | 14.12% | 14.03% | 3.83% | -4.24% | -9.17% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.16 | 1.18 | 1.39 | 1.35 | 1.32 | 1.35 | 1.40 | 1.13 | 1.26 | 1.23 | 1.35 | 1.30 | |||||
| Quick Ratio | 0.99 | 1.04 | 1.22 | 1.15 | 1.13 | 1.16 | 1.20 | 0.96 | 1.06 | 1.03 | 1.12 | 1.04 | |||||
| Working Capital | 1.27B | 1.27B | 2.18B | 2.03B | 1.87B | 1.90B | 2.20B | 835.50M | 1.37B | 1.26B | 1.68B | 1.49B | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 5.44 | 5.15 | 4.98 | 5.19 | 5.46 | 5.24 | 5.12 | 5.27 | 5.17 | 5.50 | 6.11 | 7.05 | |||||
| Debt Ratio | 0.84 | 0.84 | 0.83 | 0.84 | 0.85 | 0.84 | 0.84 | 0.84 | 0.84 | 0.85 | 0.86 | 0.88 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 1.46 | 1.46 | 1.49 | 1.51 | 1.51 | 1.50 | 1.53 | 1.57 | 1.63 | 1.62 | 1.65 | 1.68 | |||||
| Days Sales Outstanding TTM | 94.04 | 93.17 | 88.19 | 86.30 | 82.54 | 84.33 | 81.59 | 80.31 | 73.99 | 77.08 | 75.09 | 73.15 | |||||
| Receivables Turnover TTM | 3.88 | 3.92 | 4.14 | 4.23 | 4.42 | 4.33 | 4.47 | 4.55 | 4.93 | 4.74 | 4.86 | 4.99 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 8.32 | 8.07 | 7.98 | 8.13 | 8.14 | 7.97 | 8.23 | 8.18 | 8.02 | 8.10 | 8.06 | 7.92 | |||||
| Free Cash Flow Per Share TTM | 8.34 | 8.29 | 7.70 | 7.74 | 7.58 | 8.63 | 10.04 | 10.87 | 11.36 | 10.78 | 8.64 | 7.67 | |||||
| Dividend Per Share TTM | 2.53 | 2.50 | 2.52 | 2.51 | 2.50 | 2.48 | 2.49 | 2.45 | 2.42 | 2.39 | 2.37 | 2.28 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 21.57% | 21.73% | 21.60% | 21.57% | 21.86% | 21.92% | 22.09% | 22.10% | 21.88% | 21.76% | 21.47% | 20.93% | |||||
| Operating Profit Margin TTM | 7.29% | 7.38% | 7.39% | 7.64% | 7.90% | 7.86% | 8.05% | 8.00% | 7.82% | 7.86% | 7.77% | 7.51% | |||||
| Net Profit Margin TTM | 4.70% | 4.76% | 4.76% | 4.92% | 5.10% | 5.13% | 5.33% | 5.29% | 5.16% | 5.17% | 5.03% | 4.81% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 7.41% | 6.79% | 6.09% | 4.47% | 0.85% | -1.77% | -4.43% | -6.43% | -7.67% | -9.99% | -8.60% | -2.39% | |||||
| Net Income Growth (1Y) | -0.87% | -1.04% | -5.26% | -2.90% | -0.34% | -2.40% | 1.31% | 2.89% | -0.37% | -0.92% | 5.06% | 6.56% | |||||
| EPS Growth (1Y) | 1.82% | 0.85% | -3.45% | -1.05% | 1.09% | -1.82% | 1.76% | 3.27% | 0.51% | -0.47% | 6.00% | 7.03% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 14.41 | 16.58 | 19.54 | 21.41 | 19.11 | 21.05 | 26.44 | 26.22 | 30.45 | 26.69 | 23.73 | 21.95 | |||||
| P/B | 6.07 | 6.79 | 8.09 | 9.35 | 8.94 | 9.64 | 12.49 | 13.37 | 15.52 | 14.43 | 14.36 | 14.67 | |||||
| P/S TTM | 0.68 | 0.79 | 0.93 | 1.05 | 0.97 | 1.08 | 1.41 | 1.39 | 1.57 | 1.38 | 1.19 | 1.06 | |||||
| Market Cap | 15.52B | 17.69B | 20.55B | 23.06B | 20.76B | 22.69B | 29.34B | 29.07B | 33.20B | 29.48B | 25.99B | 23.66B | |||||
| Enterprise Value | 20.58B | 22.70B | 25.72B | 28.21B | 26.14B | 28.03B | 34.42B | 34.03B | 38.03B | 34.53B | 31.25B | 29.22B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 1.08B | 1.09B | 1.01B | 1.02B | 1.00B | 1.15B | 1.34B | 1.46B | 1.53B | 1.45B | 1.16B | 1.03B | |||||
| Net Debt | 5.06B | 5.01B | 5.18B | 5.15B | 5.38B | 5.34B | 5.08B | 4.96B | 4.83B | 5.06B | 5.26B | 5.56B | |||||
Per-Share and Margin | |||||||||||||||||
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| Adjusted EPS TTM | |||||||||||||||||
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Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
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| Inventory Turnover TTM | |||||||||||||||||
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| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
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| Net Income Growth (3Y) | |||||||||||||||||
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| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
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| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
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| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
2026-05-27Purchase
Owner: Nelms, David W
Title: -
Shares: 18,000
Price/Share: $111.43
Value: $2,005,740.00
Shares Owned: 51,025
Relationship: Director
Ownership: Direct
2026-05-18Purchase
Owner: Leahy, Christine A
Title: See Remarks
Shares: 4,830
Price/Share: $103.40
Value: $499,422.00
Shares Owned: 193,357
Relationship: Director,Officer
Ownership: Direct
2025-12-08Sale
Owner: Chawla, Sona
Title: See Remarks
Shares: 7,400
Price/Share: $146.17
Value: $1,081,658.00
Shares Owned: 28,110
Relationship: Officer
Ownership: Direct
2025-05-13Sale
Owner: Kulevich, Frederick J.
Title: See Remarks
Shares: 28,159
Price/Share: $190.95
Value: $5,376,961.05
Shares Owned: 36,077
Relationship: Officer
Ownership: Direct
2025-05-08Sale
Owner: Leahy, Christine A
Title: See Remarks
Shares: 40,917
Price/Share: $181.56
Value: $7,428,890.52
Shares Owned: 144,931
Relationship: Director,Officer
Ownership: Direct
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No institutional ownership data available.