CDW financials
$129.71−0.48%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.42B | $21.00B | $21.38B | $23.75B | $20.82B | $18.47B | $18.03B | $16.24B | $14.83B | $13.67B |
| Gross profit | $4.87B | $4.60B | $4.65B | $4.69B | $3.57B | $3.21B | $3.04B | $2.71B | $2.45B | $2.33B |
| Gross margin | 21.7% | 21.9% | 21.8% | 19.7% | 17.1% | 17.4% | 16.9% | 16.7% | 16.5% | 17.0% |
| Operating income | $1.66B | $1.65B | $1.68B | $1.74B | $1.42B | $1.18B | $1.13B | $987.3M | $866.5M | $820.0M |
| Net income | $1.07B | $1.08B | $1.10B | $1.11B | $988.6M | $788.5M | $736.8M | $643.0M | $523.1M | $425.1M |
| Net margin | 4.8% | 5.1% | 5.2% | 4.7% | 4.7% | 4.3% | 4.1% | 4.0% | 3.5% | 3.1% |
| Diluted EPS | $8.08 | $7.97 | $8.10 | $8.13 | $7.04 | $5.45 | $4.99 | $4.19 | $3.31 | $2.56 |
| EBITDA | $1.95B | $1.93B | $1.95B | $2.03B | $1.61B | $1.60B | $1.40B | $1.25B | $1.13B | $1.07B |
| Operating cash flow | $1.21B | $1.28B | $1.60B | $1.34B | $784.6M | $1.31B | $1.03B | $905.9M | $777.7M | $604.0M |
| Free cash flow | $1.09B | $1.15B | $1.45B | $1.21B | $684.6M | $1.16B | $790.9M | $819.8M | $696.6M | $540.5M |
| Diluted shares | 132.1M | 135.2M | 136.3M | 137.0M | 140.5M | 144.8M | 147.8M | 153.6M | 158.2M | 166.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $618.7M | $503.5M | $588.7M | $315.2M | $258.1M | $1.41B |
| Short-term investments | $0.00 | $214.2M | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $5.63B | $6.20B | $5.64B | $5.92B | $6.86B | $3.93B |
| Total assets | $16.03B | $14.68B | $13.28B | $13.13B | $13.20B | $9.34B |
| Total liabilities | $13.42B | $12.33B | $11.24B | $11.53B | $12.49B | $8.05B |
| Shareholders' equity | $2.61B | $2.35B | $2.04B | $1.60B | $705.7M | $1.30B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology