Tearsheet

CDW (CDW)

Market Price (12/28/2025): $139.7 | Market Cap: $18.3 Bil
Sector: Information Technology | Industry: Technology Distributors

CDW (CDW)

Market Price (12/28/2025): $139.7
Market Cap: $18.3 Bil
Sector: Information Technology
Industry: Technology Distributors

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.4%, FCF Yield is 5.5%	Weak multi-year price returns 2Y Excs Rtn is -82%, 3Y Excs Rtn is -100%	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.3%
1	Low stock price volatility Vol 12M is 32%		Key risks CDW key risks include [1] its heavy dependence on vendor partner relationships, Show more.
2	Megatrend and thematic drivers Megatrends include Artificial Intelligence, Cloud Computing, and Cybersecurity. Themes include Data Centers & Infrastructure, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.4%, FCF Yield is 5.5%
1	Low stock price volatility Vol 12M is 32%
2	Megatrend and thematic drivers Megatrends include Artificial Intelligence, Cloud Computing, and Cybersecurity. Themes include Data Centers & Infrastructure, Show more.
3	Weak multi-year price returns 2Y Excs Rtn is -82%, 3Y Excs Rtn is -100%
4	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.3%
5	Key risks CDW key risks include [1] its heavy dependence on vendor partner relationships, Show more.

Valuation, Metrics & Events

	12/28/25	2024	2023	2022	2021
Share Price CYE	$139.70	$171.45	$221.42	$171.85	$194.73
Market Cap CYE ($ Bil)	18.3	22.8	29.7	23.3	26.4
Total Debt ($ Bil)	5.8	6.0	5.8	6.1	7.4
Total Cash ($ Bil)	0.5	0.7	0.6	0.3	0.3
Enterprise Value ($ Bil)	23.6	28.8	35.5	29.4	33.8
Valuation Ratios
P/S TTM	0.8	1.1	1.4	1.0	1.4
P/EBIT TTM	11.2	14.1	18.2	14.0	19.6
P/E TTM	17.4	21.6	27.7	21.7	28.7
P/FCF TTM	18.1	20.2	21.1	20.0	41.4
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9	2.6	4.6
P/EBIT TTM (Sector)	3.0	2.3	-0.2	-0.7	-0.0
P/E TTM (Sector)	-0.2	-0.3	-0.5	-0.8	-0.0
P/FCF TTM (Sector)	12.3	13.7	12.2	6.9	13.8

	12/28/25	2024	2023
Share Price CYE	$139.70	$171.45	$221.42
Market Cap CYE ($ Bil)	18.3	22.8	29.7
Total Debt ($ Bil)	5.8	6.0	5.8
Total Cash ($ Bil)	0.5	0.7	0.6
Enterprise Value ($ Bil)	23.6	28.8	35.5
Valuation Ratios
P/S TTM	0.8	1.1	1.4
P/EBIT TTM	11.2	14.1	18.2
P/E TTM	17.4	21.6	27.7
P/FCF TTM	18.1	20.2	21.1
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9
P/EBIT TTM (Sector)	3.0	2.3	-0.2
P/E TTM (Sector)	-0.2	-0.3	-0.5
P/FCF TTM (Sector)	12.3	13.7	12.2

	CDW	S&P 500
REVENUE GROWTH
Rev LTM ($ Bil)	22.1
Rev Chg Q	4.0%	7.3%
Rev Chg LTM	6.1%	6.1%
Rev Chg 3Y Avg	-2.3%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	1.6
CFO LTM ($ Bil)	1.1
Net Inc LTM ($ Bil)	1.1
Op Mgn LTM	7.4%	18.8%
CFO/Rev LTM	5.1%	20.4%
Net Inc Mgn	4.8%	13.1%
VALUATION	MODERATE
P/S	0.8	3.3
P/CFO	16.4	15.8
P/FCF	18.1	20.7
P/E	17.4	23.7
STABILITY	FAIR
Debt/Equity	0.31	0.21
Cash/Assets	0.03	0.07

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Metric	Value	Date	Source
Number of Coworkers	15100	12312024	Link
Number of Customers	250000	12312024	Link
Addressable Market	440000000000	11042025	Link
Corporate Segment Net Sales	2255000000	9302025	Link
Small Business Segment Net Sales	434000000	9302025	Link
Public Segment Net Sales	2350000000	9302025	Link
Other (UK & Canada) Net Sales	698000000	9302025	Link
Number of Selling Days	64	9302025	Link

Upcoming
2/04/2026	Earnings Release	Rev: - EPS: -

CDW Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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The approximate -14.8% movement in CDW's stock price around late October and early November 2024 can be attributed to several key factors highlighted in the company's Third Quarter 2024 earnings report, released on October 30, 2024.

1. Declining Net Sales: CDW reported a 2.0% year-over-year decrease in net sales for the third quarter of 2024, reaching $5.52 billion, which fell short of analysts' estimates.

2. Weakness in Key Segments: Both the corporate and public segments experienced declines in net sales during Q3 2024, indicating a broader softness in demand from significant customer bases.

3. Decreased Non-GAAP Profitability: While operating income saw a slight increase, non-GAAP operating income and non-GAAP net income per diluted share both recorded declines for the quarter.

4. Shortfall in Solutions Hardware: The company noted that lower than projected sales in solutions hardware contributed to a shortfall in volume during the quarter.

5. Cautious Customer Spending: CDW cited ongoing economic uncertainty and a cautious approach to spending by customers as contributing factors to its performance challenges.

Stock Movement Drivers

Fundamental Drivers

The -14.6% change in CDW stock from 9/27/2025 to 12/27/2025 was primarily driven by a -13.0% change in the company's P/E Multiple.

	9272025	12272025	Change
Stock Price ($)	163.64	139.71	-14.62%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	21878.30	22099.10	1.01%
Net Income Margin (%)	4.92%	4.76%	-3.33%
P/E Multiple	20.00	17.41	-12.96%
Shares Outstanding (Mil)	131.60	131.00	0.46%
Cumulative Contribution			-14.63%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025

	Return	Correlation
CDW	-14.6%
Market (SPY)	4.3%	55.3%
Sector (XLK)	5.1%	51.6%

Fundamental Drivers

The -20.6% change in CDW stock from 6/28/2025 to 12/27/2025 was primarily driven by a -18.9% change in the company's P/E Multiple.

	6282025	12272025	Change
Stock Price ($)	175.96	139.71	-20.60%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	21325.10	22099.10	3.63%
Net Income Margin (%)	5.10%	4.76%	-6.64%
P/E Multiple	21.46	17.41	-18.86%
Shares Outstanding (Mil)	132.50	131.00	1.13%
Cumulative Contribution			-20.61%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025

	Return	Correlation
CDW	-20.6%
Market (SPY)	12.6%	51.8%
Sector (XLK)	17.0%	45.0%

Fundamental Drivers

The -19.3% change in CDW stock from 12/27/2024 to 12/27/2025 was primarily driven by a -16.4% change in the company's P/E Multiple.

	12272024	12272025	Change
Stock Price ($)	173.20	139.71	-19.34%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	20831.20	22099.10	6.09%
Net Income Margin (%)	5.33%	4.76%	-10.70%
P/E Multiple	20.84	17.41	-16.45%
Shares Outstanding (Mil)	133.50	131.00	1.87%
Cumulative Contribution			-19.36%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025

	Return	Correlation
CDW	-19.3%
Market (SPY)	17.0%	66.7%
Sector (XLK)	24.0%	63.3%

Fundamental Drivers

The -17.3% change in CDW stock from 12/28/2022 to 12/27/2025 was primarily driven by a -20.6% change in the company's P/E Multiple.

	12282022	12272025	Change
Stock Price ($)	168.86	139.71	-17.26%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	23847.30	22099.10	-7.33%
Net Income Margin (%)	4.37%	4.76%	8.81%
P/E Multiple	21.91	17.41	-20.55%
Shares Outstanding (Mil)	135.30	131.00	3.18%
Cumulative Contribution			-17.34%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025

	Return	Correlation
CDW	-37.3%
Market (SPY)	48.0%	59.0%
Sector (XLK)	53.5%	54.7%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
CDW Return	-7%	57%	-12%	29%	-23%	-19%	4%
Peers Return	16%	38%	-12%	21%	26%	16%	150%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	114%
Monthly Win Rates [3]
CDW Win Rate	67%	75%	42%	67%	42%	33%
Peers Win Rate	52%	65%	42%	68%	57%	52%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
CDW Max Drawdown	-44%	-4%	-25%	-8%	-24%	-20%
Peers Max Drawdown	-34%	-5%	-26%	-7%	-9%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See CDW Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique Key	Event	CDW	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-26.7%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	36.4%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	124 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-45.0%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	81.7%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	321 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-21.5%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	27.4%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	78 days	120 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

CDW's stock fell -26.7% during the 2022 Inflation Shock from a high on 1/4/2022. A -26.7% loss requires a 36.4% gain to breakeven.

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About CDW (CDW)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise, hybrid, and cloud capabilities across data center and networking, digital workspace, and security. Its hardware products comprise notebooks/mobile devices, network communications, desktop computers, video monitors, enterprise and data storage, and others; and software products consists of application suites, security, virtualization, operating systems, and network management. The company also provides advisory and design, software development, implementation, managed, professional, configuration, and telecom services, as well as warranties; mission critical software, systems, and network solutions; and implementation and installation, and repair services to its customers through various third-party service providers. It serves government, education, and healthcare customers; and small, medium, and large business customers. The company was founded in 1984 and is headquartered in Vernon Hills, Illinois.

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Here are 1-3 brief analogies to describe CDW:

Grainger for IT: CDW operates a B2B distribution model similar to Grainger, but focuses on a vast range of technology hardware, software, and services for businesses, government, and education.
Best Buy for enterprise and government: Imagine Best Buy, but scaled up to serve the technology procurement and service needs of large businesses, government agencies, and educational institutions rather than individual consumers.

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Major Products and Services of CDW:

Hardware Solutions: CDW provides a broad range of physical IT infrastructure, including computers, servers, networking equipment, storage devices, and peripherals from various manufacturers.
Software Solutions: CDW offers a comprehensive portfolio of software applications, operating systems, security programs, and cloud-based software from leading publishers.
Consulting and Design Services: CDW assists clients in planning, architecting, and optimizing their IT environments, including cloud strategy, data center design, and network infrastructure.
Professional Services: CDW delivers expert assistance for the implementation, integration, migration, and deployment of IT systems and applications.
Managed Services: CDW provides ongoing operational support, monitoring, and management for client IT infrastructure, applications, and security systems.
Security Services: CDW offers specialized solutions and expertise to protect data, networks, and systems from cyber threats, including assessment, implementation, and managed security.

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CDW (symbol: CDW) primarily sells integrated information technology solutions to other companies and organizations, rather than directly to individual consumers.

Due to the highly diversified nature of its customer base, CDW does not publicly disclose specific "major customer companies" by name (e.g., customers accounting for 10% or more of net sales) in its financial filings, as no single customer accounts for such a material portion of its revenue. Instead, CDW serves a vast number of customers across several key market segments, which collectively represent its major customer base:

Businesses: This segment includes small, medium, and large private sector organizations across various industries. CDW provides IT hardware, software, and services to help these companies operate and innovate.
Government Agencies: CDW is a significant provider of IT solutions to federal, state, and local government entities, helping them manage their technology infrastructure and services.
Educational Institutions: This includes a wide range of organizations from K-12 schools to higher education institutions (colleges and universities) that rely on CDW for their technology needs.
Healthcare Organizations: CDW supports hospitals, clinics, and other healthcare providers with specialized IT solutions tailored to the unique demands of the healthcare industry.

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Cisco (CSCO)
Dell Technologies (DELL)
HP Inc. (HPQ)
Hewlett Packard Enterprise (HPE)
Microsoft (MSFT)

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Christine A. Leahy, Chairman; Chief Executive Officer; President

Ms. Leahy has served as Chairman of CDW since January 2023, and as President and Chief Executive Officer since January 2019. A 20-year veteran of CDW, she previously held roles including Chief Revenue Officer, Senior Vice President of International, and the company's first Chief Legal Officer. Prior to joining CDW in 2002, she was a corporate partner in the Chicago office of Sidley Austin, an international business law firm.

Albert J. Miralles, Chief Financial Officer; Executive Vice President - Enterprise Business Operations

Mr. Miralles joined CDW in 2021 and brings 30 years of financial and operating experience. Prior to CDW, he served as Executive Vice President and Chief Financial Officer at CNA Financial Corporation. His previous roles at CNA also included President of CNA Warranty, Executive Vice President and Chief Risk Officer, President of Long Term Care, and Senior Vice President and Treasurer of the CNA Insurance Companies. Before joining CNA Financial in 2011, Mr. Miralles was Chief Financial Officer of Nationwide Investments at Nationwide Mutual Insurance Company and Executive Vice President, Finance and Accounting – Capital Markets Division for Countrywide Securities Corporation.

Peter R. Locy, Chief Accounting Officer; Controller; Vice President

Mr. Locy has served as the Chief Accounting Officer, Vice President, and Controller of CDW since 2022. Prior to this, he served as the Senior Vice President and Corporate Controller of Kemper Insurance. He also held various positions at KPMG, CNA Financial Corporation, and Allianz Global Risks US Insurance company.

Sanjay Sood, Senior Vice President; Chief Technology Officer

Mr. Sood has been the Chief Technology Officer of CDW since July 2020, also serving as Senior Vice President. Before joining CDW, he was the Vice President, General Manager of Highly Automated Driving and Vice President of Core Map Engineering at HERE Technologies. He also held various senior positions at YP (formerly AT&T Interactive).

Frederick J. Kulevich, Chief Legal Officer; Executive Vice President - Risk and Compliance; Secretary

Mr. Kulevich has served as Chief Legal Officer, Executive Vice President - Risk and Compliance, and Secretary since 2017. He is also referred to as Rick Kulevich.

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The key risks to CDW's business operations are primarily centered around cybersecurity threats, the highly competitive and rapidly evolving technology market, and the company's reliance on its vendor partner relationships.

Cybersecurity Risks and Data Privacy Concerns: As a prominent provider of IT solutions, CDW is inherently exposed to sophisticated cyber-attacks, data breaches, and the need to protect sensitive and proprietary information. Such incidents could lead to substantial financial losses, reputational damage, and significant legal and regulatory penalties.
Intense Competition, Market Volatility, and Rapid Technological Changes: The IT solutions market in which CDW operates is characterized by fierce competition, swift technological advancements, and shifting customer preferences. CDW must consistently innovate and adapt its offerings to maintain its market position against both emerging tech companies and established players. Additionally, economic downturns and market volatility can directly impact IT spending, thereby affecting CDW's sales and financial performance.
Dependence on Vendor Partner Relationships: CDW's business model heavily relies on strong relationships with its numerous vendor partners, including original equipment manufacturers (OEMs), software publishers, and cloud providers. Disruptions or adverse changes in the terms of agreements with these key partners could negatively impact CDW's ability to offer a comprehensive portfolio of products and services, potentially affecting the quality and continuity of its solutions.

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The accelerating shift by businesses towards cloud computing and "as-a-service" consumption models for IT infrastructure and software, thereby reducing the demand for traditional on-premise hardware and perpetual software licenses that form a core part of CDW's historical revenue streams.

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The addressable market for CDW's main products and services is approximately $440 billion. This market size is for the United States, the United Kingdom, and Canada. CDW provides a broad array of information technology solutions, including hardware and software, as well as integrated IT solutions such as security, cloud, hybrid infrastructure, and digital experience.

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Here are the 3-5 expected drivers of future revenue growth for CDW over the next 2-3 years:

Expansion of Cloud Computing Services and Cybersecurity Solutions: CDW is strategically focused on enhancing its cloud and security portfolio, including through acquisitions like Mission Cloud Services to boost its Amazon Web Services (AWS) capabilities and managed services. This expansion aims to meet evolving customer needs in cloud migration and cybersecurity, areas showing strong demand and double-digit gross profit growth for cloud solutions, which typically feature recurring revenue and high gross margins.
Leveraging Artificial Intelligence (AI) and AI-powered PCs: The integration of AI across CDW's operations is a key focus for delivering innovative solutions to clients. AI is identified as a tangible revenue driver, leading to complex, service-led deals that strengthen customer relationships. The adoption of AI-powered PCs and AI workstations is anticipated to significantly drive hardware sales in the coming years.
Continued Client Device Refresh Cycle: A significant driver of future hardware sales is the ongoing client refresh cycle, particularly for notebooks, mobile devices, and desktops. This cycle is expected to be fueled by factors such as the end-of-life for Windows 10 and the increasing adoption of AI-powered PCs, with the current refresh cycle noted as being "mid-cycle" with considerable runway.
Growth in Key Customer Segments and International Markets: CDW has demonstrated strong growth in its Small Business segment, with net sales increasing by 14.2% in Q3 2025. The company's operations in the UK and Canada also showed robust growth of 9.1% in the same period. Additionally, increased sales were observed in the Government and Healthcare sectors. CDW aims to leverage its diverse customer base to consistently grow faster than the overall US IT market.
Rebound in Infrastructure Hardware Demand: An emerging trend indicates increased demand for infrastructure hardware, including networking products (Netcomm) and servers. This rebound in hardware categories suggests a broader and healthier IT spending environment, extending beyond just client devices. This infrastructure refresh cycle is expected to lead to increased sales of hardware products and associated services, potentially improving CDW's profitability through higher-margin offerings.

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Share Repurchases

On February 5, 2025, CDW's Board of Directors authorized a $750 million increase to its share repurchase program, which was incremental to approximately $588 million unused as of December 31, 2024.
The company repurchased $500 million of common stock during the first nine months ended September 30, 2025.
CDW temporarily suspended share repurchases from March 2020 through October 2020 due to the COVID-19 pandemic and subsequently put a lower priority on repurchases in 2022 until its Net Leverage Ratio was within target range following a major acquisition.

Outbound Investments

CDW acquired Sirius Computer Solutions, Inc. for $2.5 billion in cash in December 2021, significantly expanding its services portfolio.
In December 2024, CDW acquired Mission Cloud Services Inc., a leading cloud professional services and managed services provider, to enhance its cloud expertise, market scale, and solution capabilities, particularly as an AWS Premier Partner.
CDW acquired Enquizit, an AWS cloud services provider, in June 2023 to bolster its Public Sector Cloud Services Practice.

Capital Expenditures

CDW's capital expenditures for fiscal years ending December 2020 to 2024 averaged $131.3 million.
Capital expenditures peaked at $158 million in December 2020 and reached a 5-year low of $100 million in December 2021.
The company continues to invest organically and inorganically in high-growth solutions and services capabilities.

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Alphabet

AMZN (10.9%)

Amazon.com

JPM (8.6%)

JPMorgan Chase

Higher Rev Chg 3Y Avg (Value for CDW: -2.3%)

BRK-B (19.8%)

Berkshire Hathaway

META (17.3%)

Meta Platforms

AMZN (11.3%)

Amazon.com

GOOGL (11.0%)

Alphabet

TSLA (9.3%)

Tesla

Higher Op Mgn LTM (Value for CDW: 7.4%)

MA (58.3%)

Mastercard

META (43.2%)

Meta Platforms

LLY (43.0%)

Eli Lilly

GOOGL (32.2%)

Alphabet

AMZN (11.4%)

Amazon.com

Higher CFO/Rev LTM (Value for CDW: 5.1%)

META (56.8%)

Meta Platforms

GOOGL (39.3%)

Alphabet

AMZN (18.1%)

Amazon.com

TSLA (16.5%)

Tesla

BRK-B (9.8%)

Berkshire Hathaway

Higher FCF/Rev LTM (Value for CDW: 4.6%)

MA (52.5%)

Mastercard

META (23.7%)

Meta Platforms

GOOGL (19.1%)

Alphabet

TSLA (7.1%)

Tesla

BRK-B (4.8%)

Berkshire Hathaway

Higher Total Yield (Value for CDW: 7.5%)

MRK (10.2%)

Merck

XOM (9.2%)

Exxon Mobil

WFC (8.7%)

Wells Fargo

CVX (8.6%)

Chevron

UNH (8.5%)

UnitedHealth

		Best Bets In Information Technology Sector
	CDW	VRSN	IDCC	NVDA	RMBS	GEN	ZM	DBX	YOU	MPWR	DAVE
What You Pay
P/E	17.4	28.3	17.2	46.7	44.3	30.0	16.5	14.5	19.0	23.9	21.0
P/EBIT	11.2	20.5	13.9	39.8	37.7	10.7	23.9	11.8	20.7	65.5	24.0
What You Get
Rev Chg Q	4.0%	7.3%	28.0%	62.5%	22.7%	25.3%	4.4%	-0.7%	15.5%	18.9%	63.0%
Rev Chg LTM	6.1%	5.5%	28.8%	65.2%	31.0%	16.2%	3.8%	-0.4%	17.8%	30.5%	53.8%
Rev Chg 3Y Avg	-2.3%	5.2%	27.1%	91.6%	17.3%	16.5%	3.4%	3.4%	31.0%	17.2%	38.6%
FCF/Rev 3Y Avg	5.4%	57.4%	54.2%	43.4%	39.3%	36.7%	36.1%	33.4%	32.5%	28.6%	26.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	CDW Earnings Notes
2	CDW Earnings Notes
3	CDW Earnings Notes
4	How Low Can CDW Stock Really Go?	Return
5	CDW Near Crucial Support Level - Buy Signal Ahead	Actionable
6	CDW vs T-Mobile US: Which Is A Better Investment?	Counter-Intuitive Comparisons
7	CDW vs Western Digital: Which Is A Better Investment?	Counter-Intuitive Comparisons
8	How Does CDW Stock Stack Up Against Its Peers?	Peer Comparison
9	Better Bet Than CDW Stock: Pay Less Than CDW To Get More From UNH, MRK
10	Better Bet Than CDW Stock: Pay Less Than CDW To Get More From GEN

	Title
0	ARTICLES

Trade Ideas

Select ideas related to CDW. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	14.4%	14.4%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	13.1%	13.1%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	17.3%	17.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	12.0%	12.0%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	5.5%	5.5%	0.0%
CDW_3312020_Dip_Buyer_2_Growing_With_High_FCF_Yield	03312020	CDW	CDW	Dip Buy	DB \| Growth \| FCF YieldDip Buy with Growth and High Free Cash Flow Yield Buying dips for companies with growth, and significant free cash flow yield (FCF / Market Cap)	27.5%	79.9%	-6.8%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ZETA	Zeta Global	4.6	8.3%	15.1%
SGML	Sigma Lithium	1.6	7.3%	29.2%
USAS	Americas Gold And Silver	1.6	6.6%	557.6%
CPNG	Coupang	44.2	6.4%	10.4%
LION	Lionsgate Studios	2.7	4.6%	-69.9%
BBW	Build-A-Bear Workshop	0.8	4.4%	37.8%
XRAY	Dentsply Sirona	2.3	4.2%	-36.3%
BLMN	Bloomin Brands	0.6	3.8%	-41.2%
FUN	Six Flags Entertainment	1.5	3.8%	-69.1%
SVM	Silvercorp Metals	1.9	3.6%	198.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FLY	Firefly Aerospace	3.3	-13.7%	-61.3%
TMC	TMC The Metals	2.5	-10.5%	508.9%
ORGO	Organogenesis	0.7	-10.1%	64.8%
AAOI	Applied Optoelectronics	2.4	-9.3%	0.8%
BKSY	BlackSky Technology	0.7	-9.0%	79.0%
LUNR	Intuitive Machines	1.8	-8.7%	-16.0%
RCAT	Red Cat	0.8	-8.7%	-35.4%
RGTI	Rigetti Computing	6.7	-8.7%	46.7%
RDW	Redwire	1.0	-8.6%	-56.6%
RKLB	Rocket Lab	36.4	-8.5%	177.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	71.5%	59.0%
RZLT	Rezolute	0.3	44.3%	-45.5%
DVAX	Dynavax Technologies	1.8	41.5%	20.4%
LUNR	Intuitive Machines	1.8	40.6%	-16.0%
UAMY	United States Antimony	0.7	39.0%	252.5%
FOLD	Amicus Therapeutics	4.4	30.9%	51.3%
ADEA	Adeia	1.9	30.3%	23.0%
HUT	Hut 8	5.2	28.6%	142.3%
AAOI	Applied Optoelectronics	2.4	27.1%	0.8%
SGML	Sigma Lithium	1.6	24.9%	29.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TPL	Texas Pacific Land	6.6	-67.9%	-21.5%
LW	Lamb Weston	5.9	-29.0%	-35.3%
TLRY	Tilray Brands	10.2	-22.2%	-27.8%
TDUP	ThredUp	0.8	-18.2%	348.2%
LAB	Standard BioTools	0.5	-16.9%	-21.1%
OLMA	Olema Pharmaceuticals	2.2	-14.9%	349.9%
EVEX	Eve	1.4	-12.0%	-21.9%
IRON	Disc Medicine	2.8	-11.2%	26.7%
AVO	Mission Produce	0.8	-11.1%	-18.8%
CABO	Cable One	0.7	-10.6%	-67.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TLRY	Tilray Brands	10.2	876.4%	-27.8%
HPP	Hudson Pacific Properties	4.7	452.7%	-51.0%
WVE	WAVE Life Sciences	2.9	139.2%	43.7%
TE	T1 Energy	1.1	106.7%	400.0%
VERA	Vera Therapeutics	3.4	82.1%	26.7%
OMER	Omeros	0.9	66.2%	59.0%
RKLB	Rocket Lab	36.4	65.8%	177.4%
PL	Planet Labs PBC	5.9	65.0%	379.2%
AAOI	Applied Optoelectronics	2.4	63.5%	0.8%
LUNR	Intuitive Machines	1.8	62.4%	-16.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-45.5%
JANX	Janux Therapeutics	0.9	-59.0%	-73.4%
FRMI	Fermi	5.3	-46.0%	-76.6%
LENZ	LENZ Therapeutics	0.5	-43.5%	-41.6%
GOGO	Gogo	0.6	-35.3%	-43.0%
HPK	HighPeak Energy	0.5	-33.9%	-70.4%
PACB	Pacific Biosciences of California	0.5	-32.7%	-3.3%
LDI	loanDepot	0.4	-29.6%	3.9%
ORIC	ORIC Pharmaceuticals	0.6	-29.0%	2.2%
LW	Lamb Weston	5.9	-28.6%	-35.3%

Peer Comparisons for CDW

Peers to compare with:

Financials

	CDW	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	CDW	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Price	139.71	23.26	24.49	305.09	78.16	273.40	108.94
Mkt Cap	18.3	21.9	32.6	284.9	309.2	4,074.4	158.8
Rev LTM	22,099	55,295	34,296	65,402	57,696	408,625	56,496
Op Inc LTM	1,634	3,624	1,644	11,544	12,991	130,214	7,584
FCF LTM	1,009	2,800	627	11,854	12,733	96,184	7,327
FCF 3Y Avg	1,170	2,978	1,400	11,753	13,879	100,503	7,366
CFO LTM	1,117	3,697	2,919	13,483	13,744	108,565	8,590
CFO 3Y Avg	1,296	3,672	3,896	13,498	14,736	111,559	8,697

Growth & Margins

	CDW	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	CDW	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Rev Chg LTM	6.1%	3.2%	13.8%	4.5%	8.9%	6.0%	6.0%
Rev Chg 3Y Avg	-2.3%	-3.9%	6.5%	2.6%	3.7%	1.8%	2.2%
Rev Chg Q	4.0%	4.2%	14.4%	9.1%	7.5%	9.6%	8.3%
QoQ Delta Rev Chg LTM	1.0%	1.1%	3.7%	2.1%	1.8%	2.1%	2.0%
Op Mgn LTM	7.4%	6.6%	4.8%	17.7%	22.5%	31.9%	12.5%
Op Mgn 3Y Avg	7.7%	7.4%	7.2%	16.4%	24.2%	30.8%	12.1%
QoQ Delta Op Mgn LTM	-0.2%	-0.2%	-1.4%	0.6%	0.4%	0.1%	-0.1%
CFO/Rev LTM	5.1%	6.7%	8.5%	20.6%	23.8%	26.6%	14.6%
CFO/Rev 3Y Avg	6.0%	6.8%	12.7%	21.4%	26.1%	28.4%	17.1%
FCF/Rev LTM	4.6%	5.1%	1.8%	18.1%	22.1%	23.5%	11.6%
FCF/Rev 3Y Avg	5.4%	5.5%	4.6%	18.6%	24.6%	25.6%	12.1%

Valuation

	CDW	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	CDW	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Cap	18.3	21.9	32.6	284.9	309.2	4,074.4	158.8
P/S	0.8	0.4	1.0	4.4	5.4	10.0	2.7
P/EBIT	11.2	6.8	19.9	25.1	22.5	31.3	21.2
P/E	17.4	8.6	572.7	36.0	29.9	41.0	33.0
P/CFO	16.4	5.9	11.2	21.1	22.5	37.5	18.8
Total Yield	7.5%	14.1%	2.3%	5.0%	5.4%	2.8%	5.2%
Dividend Yield	1.8%	2.5%	2.1%	2.2%	2.1%	0.4%	2.1%
FCF Yield 3Y Avg	4.5%	10.6%	5.5%	6.4%	6.0%	3.1%	5.7%
D/E	0.3	0.5	0.7	0.2	0.1	0.0	0.3
Net D/E	0.3	0.3	0.6	0.2	0.0	0.0	0.2

Returns

	CDW	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	CDW	HP	Hewlett .	Internat.	Cisco Sy.	Apple
1M Rtn	-3.2%	-1.8%	14.4%	0.6%	2.7%	-1.5%	-0.4%
3M Rtn	-14.6%	-11.9%	2.7%	7.9%	17.0%	7.1%	4.9%
6M Rtn	-20.6%	-4.0%	34.5%	6.6%	15.2%	36.3%	10.9%
12M Rtn	-19.3%	-27.0%	16.2%	40.5%	34.5%	7.5%	11.8%
3Y Rtn	-17.3%	-1.9%	71.1%	143.1%	81.3%	120.2%	76.2%
1M Excs Rtn	-4.9%	-5.6%	12.9%	-2.2%	-0.0%	-3.7%	-3.0%
3M Excs Rtn	-18.9%	-16.2%	-1.7%	3.6%	12.7%	2.8%	0.6%
6M Excs Rtn	-32.9%	-16.3%	22.3%	-5.7%	3.0%	24.0%	-1.3%
12M Excs Rtn	-35.2%	-42.9%	-0.7%	25.0%	19.9%	-8.4%	-4.6%
3Y Excs Rtn	-100.2%	-83.5%	-11.2%	59.6%	-1.2%	28.4%	-6.2%

Comparison Analyses

	Title
0	How Does CDW Stock Stack Up Against Its Peers?
1	Why EPAM With 31% Upside May Beat CDW?
2	ACN Could Deliver 18% Returns And Outperform CDW
3	CDW vs. Insight Enterprises: With Return Forecast Of -4.7%, Insight Enterprises Is A Better Bet
4	With 25% Gains On The Table, PLUS May Outshine CDW
5	CDW vs. Wisconsin Energy: Similar Market Cap, Similar Bets
6	CDW vs. Hess: Similar Market Cap, Similar Bets
7	CDW vs. Halliburton: Similar Market Cap, But Halliburton Is A Better Bet
8	CDW vs McDonald's: Similar Revenue, But CDW Is A Better Bet
9	CDW vs Mastercard: Similar Revenue, But Mastercard Is A Better Bet

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/4/2025	2/21/2025	2/26/2024	2/24/2023	2/28/2022	2/26/2021	2/28/2020
Key Financials
Total Revenue	22,099	20,999	21,376	23,749	20,821	18,468	18,032
EBITDA	1,926	1,925	1,948	2,014	1,640	1,583	1,376
Operating Income	1,634	1,651	1,681	1,735	1,419	1,179	1,134
Net Income	1,051	1,078	1,104	1,114	989	788	737
EPS	7.96	8.06	8.20	8.24	7.14	5.53	5.08
Growth Rates
Total Revenue Growth	6.1%	-1.8%	-10.0%	14.1%	12.7%	2.4%	11.0%
EBITDA Growth	-1.2%	-1.1%	-3.3%	22.8%	3.6%	15.0%	9.7%
Operating Income Growth	-2.6%	-1.8%	-3.1%	22.3%	20.3%	4.0%	14.8%
Net Income Growth	-5.3%	-2.4%	-0.9%	12.7%	25.4%	7.0%	14.6%
Margins
EBITDA Margin	8.7%	9.2%	9.1%	8.5%	7.9%	8.6%	7.6%
Operating Income Margin	7.4%	7.9%	7.9%	7.3%	6.8%	6.4%	6.3%
Net Income Margin	4.8%	5.1%	5.2%	4.7%	4.7%	4.3%	4.1%
Cash & Debt
Total Cash	453	718	589	315	258	1,410	154
Total Debt	5,758	5,992	5,809	6,098	7,353	4,566	3,828
Net Debt / (Cash)	5,305	5,274	5,220	5,783	7,095	3,156	3,674
Cash Flows
Net Cash from Operations	1,117	1,277	1,599	1,336	785	1,314	1,027
Free Cash from Operations	1,009	1,155	1,450	1,208	685	1,156	791
Returns to Shareholders
Dividends	330	332	322	283	235	220	183
Share Repurchases	646	500	500	-0	1,500	341	657

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/4/2025	8/6/2025	5/7/2025	2/21/2025	10/30/2024	7/31/2024	5/1/2024	2/26/2024	11/1/2023	8/2/2023	5/3/2023	2/24/2023
Key Financials Quarterly
Total Revenue	5,737	5,977	5,199	5,186	5,517	5,423	4,873	5,018	5,628	5,626	5,103	5,438
Ebitda	518	495	436	478	551	501	395	502	543	478	425	513
Operating Income	443	420	361	409	482	433	328	435	478	412	355	447
Net Income	291	271	225	264	316	281	216	296	316	263	230	287
EPS	2.22	2.06	1.70	1.98	2.37	2.10	1.61	2.20	2.35	1.95	1.70	2.12
Key Financials TTM
Total Revenue TTM	22,099	21,878	21,325	20,999	20,831	20,943	21,146	21,376	21,796	22,383	22,903	23,749
Ebitda TTM	1,926	1,960	1,966	1,925	1,950	1,942	1,918	1,948	1,958	1,952	1,981	2,014
Operating Income TTM	1,634	1,672	1,685	1,651	1,678	1,674	1,654	1,681	1,692	1,680	1,704	1,735
Net Income TTM	1,051	1,077	1,087	1,078	1,110	1,109	1,090	1,104	1,095	1,078	1,094	1,114
Growth Rates Quarterly
Total Revenue Growth	4.0%	10.2%	6.7%	3.3%	-2.0%	-3.6%	-4.5%	-7.7%	-9.4%	-8.5%	-14.2%	-1.8%
EBITDA Growth	-6.1%	-1.3%	10.3%	-4.9%	1.5%	5.0%	-6.9%	-2.1%	1.1%	-5.6%	-7.2%	34.4%
Operating Income Growth	-8.0%	-3.0%	10.2%	-6.1%	0.7%	5.1%	-7.7%	-2.6%	2.6%	-5.3%	-8.2%	31.6%
Net Income Growth	-8.0%	-3.5%	4.1%	-10.8%	0.3%	7.0%	-6.1%	3.1%	5.9%	-6.0%	-8.0%	33.4%
Margins Quarterly
EBITDA Margin	9.0%	8.3%	8.4%	9.2%	10.0%	9.2%	8.1%	10.0%	9.7%	8.5%	8.3%	9.4%
Operating Income Margin	7.7%	7.0%	7.0%	7.9%	8.7%	8.0%	6.7%	8.7%	8.5%	7.3%	7.0%	8.2%
Net Income Margin	5.1%	4.5%	4.3%	5.1%	5.7%	5.2%	4.4%	5.9%	5.6%	4.7%	4.5%	5.3%
Cash & Debt
Total Cash	453	481	688	718	1,158	665	804	589	441	204	279	315
Total Debt	5,758	5,769	5,994	5,992	6,189	5,790	5,800	5,809	5,870	6,553	6,491	6,098
Net Debt / (Cash)	5,305	5,288	5,306	5,274	5,031	5,125	4,996	5,220	5,430	6,349	6,211	5,783
Cash Flows Quarterly
FCF from Operations	328	156	287	345	342	150	440	536	469	228	365	242
Cash Flows TTM
FCF from Operations TTM	1,117	1,130	1,124	1,277	1,468	1,595	1,673	1,599	1,304	1,168	1,320	1,336
Returns to Shareholders Quarterly
Dividends	82	82	83	83	83	83	83	83	79	79	80	80
Share Repurchases	150	150	200	146	100	202	52	50	54	196	200	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	14.5%	13.7%	11.8%	13.7%	16.3%	14.6%	11.9%	15.4%	16.1%	12.5%	11.5%	14.7%
Return on Invested Capital (ROIC) TTM
ROIC TTM	13.3%	13.6%	13.9%	13.9%	14.6%	14.5%	14.6%	14.6%	14.3%	12.9%	13.3%	14.2%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Corporate	8,961	10,350	8,180	6,846	7,499
Public	8,306	8,551	8,184	8,138	6,865
Other	2,554	2,908	2,587	2,087	2,158
Small Business	1,556	1,939	1,870	1,397	1,510
Headquarters	0	0		0
Total	21,376	23,749	20,821	18,468	18,032

Operating Income by Segment

$ Mil	2024	2023	2022	2021	2020
Corporate	847	932	697	490	585
Public	735	682	607	678	475
Small Business	177	187	168	99	108
Other	142	131	116	66	102
Headquarters	-220	-196	-168	-153	-136
Total	1,681	1,735	1,419	1,179	1,134

Price Behavior

Price Behavior

Market Price	$139.71
Market Cap ($ Bil)	18.3
First Trading Date	06/27/2013
Distance from 52W High	-31.2%
	50 Days	200 Days
DMA Price	$146.34	$161.86
DMA Trend	down	down
Distance from DMA	-4.5%	-13.7%
	3M	1YR
Volatility	30.5%	32.2%
Downside Capture	171.90	140.78
Upside Capture	61.31	97.81
Correlation (SPY)	54.3%	66.6%

CDW Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.73	1.44	1.35	1.46	1.09	1.05
Up Beta	0.31	0.81	0.97	1.33	0.95	0.96
Down Beta	0.75	1.68	1.84	1.79	1.12	0.94
Up Capture	161%	103%	66%	74%	104%	95%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	10	21	31	62	128	396
Down Capture	250%	179%	163%	179%	120%	106%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	9	20	31	63	120	354

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of CDW With Other Asset Classes (Last 1Y)
	CDW	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-18.7%	25.0%	17.8%	72.1%	8.6%	4.4%	-8.2%
Annualized Volatility	32.0%	27.5%	19.4%	19.3%	15.2%	17.0%	35.0%
Sharpe Ratio	-0.62	0.79	0.72	2.70	0.34	0.09	-0.08
Correlation With Other Assets		63.3%	66.7%	-4.0%	22.4%	47.7%	34.0%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of CDW With Other Asset Classes (Last 5Y)
	CDW	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	1.9%	18.8%	14.7%	18.7%	11.5%	4.6%	30.8%
Annualized Volatility	28.0%	24.7%	17.1%	15.5%	18.7%	18.9%	48.6%
Sharpe Ratio	0.09	0.69	0.70	0.97	0.50	0.16	0.57
Correlation With Other Assets		62.1%	66.7%	1.3%	15.9%	50.5%	25.3%

Based On 10-Year Data

		Comparison of CDW With Other Asset Classes (Last 10Y)
	CDW	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	13.9%	22.5%	14.8%	15.3%	7.0%	5.3%	69.2%
Annualized Volatility	29.5%	24.2%	18.0%	14.7%	17.6%	20.8%	55.8%
Sharpe Ratio	0.50	0.85	0.71	0.86	0.32	0.22	0.90
Correlation With Other Assets		65.1%	69.3%	-3.4%	24.2%	54.4%	16.7%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	5,119,976
Short Interest: % Change Since 11302025	3.0%
Average Daily Volume	1,273,238
Days-to-Cover Short Interest	4.02
Basic Shares Quantity	131,000,000
Short % of Basic Shares	3.9%

Returns Analyses

	Title
0	How Low Can CDW Stock Really Go?
1	CDW YTD Stock Return Of 11% Outperforms EPAM by 21% and Outperforms ACN by 15%
2	CDW Stock Return Comparison
3	CDW Total Shareholder Return (TSR): -11.8% in 2022 and 8.9% 3-yr returns (below peer average)
4	[9/28/2021] CDW (CDW) Stock Price Forecast: AI Forecasts CDW Stock Price To Be Around $193 In A Month (Up 3.8%)

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/4/2025	-8.5%	-7.4%	-6.2%
8/6/2025	0.2%	-0.7%	1.0%
5/7/2025	7.1%	16.3%	7.6%
2/5/2025	3.4%	-3.8%	-15.8%
10/30/2024	-11.3%	-12.2%	-19.3%
7/31/2024	-6.2%	-10.3%	-3.2%
5/1/2024	-11.3%	-8.8%	-7.6%
2/7/2024	3.1%	3.0%	8.0%
...
SUMMARY STATS
# Positive	12	9	11
# Negative	11	14	12
Median Positive	3.1%	4.2%	7.6%
Median Negative	-2.5%	-4.1%	-6.1%
Max Positive	7.1%	16.3%	11.4%
Max Negative	-11.3%	-12.2%	-19.3%

	Forward Returns
11/4/2025	-8.5%	-7.4%	-6.2%
8/6/2025	0.2%	-0.7%	1.0%
5/7/2025	7.1%	16.3%	7.6%
2/5/2025	3.4%	-3.8%	-15.8%
10/30/2024	-11.3%	-12.2%	-19.3%
7/31/2024	-6.2%	-10.3%	-3.2%
5/1/2024	-11.3%	-8.8%	-7.6%
2/7/2024	3.1%	3.0%	8.0%
8/2/2023	5.2%	8.2%	11.4%
5/3/2023	-1.7%	-0.1%	3.6%
2/8/2023	1.2%	4.4%	-1.3%
11/2/2022	-0.1%	1.8%	11.1%
8/3/2022	0.9%	-4.3%	-5.1%
5/4/2022	5.6%	-0.7%	5.4%
2/9/2022	-2.5%	-5.7%	-12.4%
11/3/2021	-1.9%	-1.2%	2.6%
8/4/2021	1.6%	3.4%	8.3%
5/5/2021	-2.8%	-4.9%	-6.0%
2/10/2021	3.8%	4.2%	5.8%
11/2/2020	3.1%	12.6%	8.0%
8/5/2020	-2.3%	-1.9%	-1.3%
4/16/2020	0.5%	-1.9%	-3.8%
2/6/2020	-1.0%	0.4%	-17.7%
SUMMARY STATS
# Positive	12	9	11
# Negative	11	14	12
Median Positive	3.1%	4.2%	7.6%
Median Negative	-2.5%	-4.1%	-6.1%
Max Positive	7.1%	16.3%	11.4%
Max Negative	-11.3%	-12.2%	-19.3%

SEC Filings

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Report Date	Filing Date	Filing
9302025	11042025	10-Q 9/30/2025
6302025	8062025	10-Q 6/30/2025
3312025	5072025	10-Q 3/31/2025
12312024	2212025	10-K 12/31/2024
9302024	10302024	10-Q 9/30/2024
6302024	7312024	10-Q 6/30/2024
3312024	5012024	10-Q 3/31/2024
12312023	2262024	10-K 12/31/2023
9302023	11012023	10-Q 9/30/2023
6302023	8022023	10-Q 6/30/2023
3312023	5032023	10-Q 3/31/2023
12312022	2242023	10-K 12/31/2022
9302022	11022022	10-Q 9/30/2022
6302022	8032022	10-Q 6/30/2022
3312022	5042022	10-Q 3/31/2022
12312021	2282022	10-K 12/31/2021

Insider Activity

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External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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CDW (CDW)

Market Price (12/28/2025): $139.7 | Market Cap: $18.3 BilSector: Information Technology | Industry: Technology Distributors

CDW (CDW)

Market Price (12/28/2025): $139.7Market Cap: $18.3 BilSector: Information TechnologyIndustry: Technology Distributors

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

CDW Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

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Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

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About CDW (CDW)

Major Products and Services of CDW:

Interactive Breakdown

Better Bets than CDW (CDW)

INDUSTRY: Technology Distributors

Higher Rev Chg 3Y Avg | Lower P/S (Values for CDW: -2.3% | 0.8x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for CDW: -2.3% | 11.2x)

Higher Rev Chg LTM (Value for CDW: 6.1%)

Higher Rev Chg 3Y Avg (Value for CDW: -2.3%)

Higher CFO/Rev LTM (Value for CDW: 5.1%)

Higher FCF/Rev LTM (Value for CDW: 4.6%)

Higher Total Yield (Value for CDW: 7.5%)

SECTOR: Information Technology

Higher Rev Chg 3Y Avg | Lower P/S (Values for CDW: -2.3% | 0.8x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for CDW: -2.3% | 11.2x)

Higher Rev Chg LTM (Value for CDW: 6.1%)

Higher Rev Chg 3Y Avg (Value for CDW: -2.3%)

Higher Op Mgn LTM (Value for CDW: 7.4%)

Higher CFO/Rev LTM (Value for CDW: 5.1%)

Higher FCF/Rev LTM (Value for CDW: 4.6%)

Higher Total Yield (Value for CDW: 7.5%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for CDW: -2.3% | 0.8x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for CDW: -2.3% | 11.2x)

Higher Rev Chg LTM (Value for CDW: 6.1%)

Higher Rev Chg 3Y Avg (Value for CDW: -2.3%)

Higher Op Mgn LTM (Value for CDW: 7.4%)

Higher CFO/Rev LTM (Value for CDW: 5.1%)

Higher FCF/Rev LTM (Value for CDW: 4.6%)

Higher Total Yield (Value for CDW: 7.5%)

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Market Price (12/28/2025): $139.7 | Market Cap: $18.3 Bil
Sector: Information Technology | Industry: Technology Distributors

Market Price (12/28/2025): $139.7
Market Cap: $18.3 Bil
Sector: Information Technology
Industry: Technology Distributors