Cdw Corp - Understand $cdw stock

$CDW Market Cap: $23.76 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$20.83B

TTM

Gross Margin

22.1%

TTM

Net Earnings

$1.110B

TTM

Current Assets

$7.662B

Q3 2024

Current Liabilities

$5.459B

Q3 2024

Current Ratio

140.36%

Q3 2024

Total Assets

$14.38B

Q3 2024

Total Liabilities

$12.03B

Q3 2024

Book Value

$2.349B

Q3 2024

Cash

$946.7M

Q3 2024

P/E

21.41

Nov 29, 2024 EST

Free Cash Flow

$1.341B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$21.38B	$23.75B	$20.82B	$18.47B	$18.03B	$16.24B	$15.19B	$13.98B	$12.99B	$12.07B	$10.77B	$10.13B	$9.602B	$8.801B	$7.163B	$8.071B	$8.145B	$6.786B
YoY Change	-9.99%	14.06%	12.74%	2.41%	11.03%	6.91%	8.65%	7.65%	7.57%	12.13%	6.32%	5.48%	9.1%	22.88%	-11.26%	-0.91%	20.03%	7.85%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$21.38B	$23.75B	$20.82B	$18.47B	$18.03B	$16.24B	$15.19B	$13.98B	$12.99B	$12.07B	$10.77B	$10.13B	$9.602B	$8.801B	$7.163B	$8.071B	$8.145B	$6.786B
Cost Of Revenue	$16.72B	$19.06B	$17.25B	$15.26B	$14.99B	$13.53B	$12.38B	$11.34B	$10.87B	$10.15B	$9.008B	$8.459B	$8.019B	$7.410B	$6.030B	$6.710B	$6.827B	$5.716B
Gross Profit	$4.652B	$4.687B	$3.569B	$3.210B	$3.040B	$2.707B	$2.450B	$2.328B	$2.116B	$1.921B	$1.760B	$1.670B	$1.584B	$1.391B	$1.133B	$1.361B	$1.318B	$1.070B
Gross Profit Margin	21.76%	19.73%	17.14%	17.38%	16.86%	16.67%	16.13%	16.65%	16.29%	15.91%	16.35%	16.48%	16.49%	15.8%	15.82%	16.86%	16.18%	15.77%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Selling, General & Admin	$2.972B	$2.951B	$2.150B	$2.031B	$1.906B	$1.720B	$1.410B	$1.345B	$1.226B	$1.110B	$1.121B	$1.030B	$990.1M	$932.1M	$821.1M	$1.036B	$1.002B	$648.0M
YoY Change	0.68%	37.31%	5.84%	6.54%	10.86%	21.96%	4.8%	9.74%	10.42%	-0.95%	8.88%	3.98%	6.22%	13.52%	-20.74%	3.39%	54.63%	18.25%
% of Gross Profit	63.87%	62.98%	60.24%	63.27%	62.71%	63.53%	57.55%	57.78%	57.94%	57.79%	63.68%	61.66%	62.53%	67.02%	72.48%	76.12%	76.02%	60.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$270.7M	$290.6M	$191.2M	$425.6M	$267.1M	$265.6M	$260.9M	$254.5M	$227.4M	$207.9M	$208.2M	$210.2M	$204.9M	$209.4M	$218.2M	$218.4M	$80.00M
YoY Change	-6.85%	51.99%	-55.08%	59.34%	0.56%	1.8%	2.51%	11.92%	9.38%	-0.14%	-0.95%	2.59%	-2.15%	-4.03%	-0.09%	173.0%
% of Gross Profit	5.82%	6.2%	5.36%	13.26%	8.79%	9.81%	10.65%	10.93%	10.75%	10.82%	11.83%	12.59%	12.94%	15.06%	19.26%	16.05%	6.07%
Operating Expenses	$2.972B	$2.951B	$2.150B	$2.031B	$1.906B	$1.720B	$1.410B	$1.345B	$1.226B	$1.110B	$1.121B	$1.030B	$990.1M	$932.1M	$821.1M	$1.036B	$1.002B	$648.0M
YoY Change	0.68%	37.31%	5.84%	6.54%	10.86%	21.96%	4.8%	9.74%	10.42%	-0.95%	8.88%	3.98%	6.22%	13.52%	-20.74%	3.39%	54.63%	18.25%
Operating Profit	$1.681B	$1.735B	$1.419B	$1.179B	$1.134B	$987.3M	$866.5M	$820.0M	$742.0M	$673.0M	$508.6M	$510.6M	$470.7M	$352.7M	-$31.90M	$325.0M	$316.0M	$422.0M
YoY Change	-3.13%	22.28%	20.34%	4.02%	14.82%	13.94%	5.67%	10.51%	10.25%	32.32%	-0.39%	8.48%	33.46%	-1205.64%	-109.82%	2.85%	-25.12%	0.48%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Interest Expense	-$226.6M	-$235.7M	-$150.9M	-$155.0M	-$159.0M	-$149.0M	-$151.0M	-$147.0M	-$61.00M	-$197.0M	$250.1M	$307.4M	$324.2M	$391.9M	$431.7M	-$390.0M	-$88.00M	$20.00M
YoY Change	-3.86%	56.2%	-2.65%	-2.52%	6.71%	-1.32%	2.72%	140.98%	-69.04%	-178.77%	-18.64%	-5.18%	-17.27%	-9.22%	-210.69%	343.18%	-540.0%	33.33%
% of Operating Profit	-13.48%	-13.58%	-10.63%	-13.14%	-14.03%	-15.09%	-17.43%	-17.93%	-8.22%	-29.27%	49.17%	60.2%	68.88%	111.11%		-120.0%	-27.85%	4.74%
Other Income/Expense, Net	-$4.100M	-$11.70M	$29.70M	-$22.00M	-$24.50M	$1.800M	-$55.30M	$1.800M	-$9.300M	$2.700M	$1.000M	$100.0K	$700.0K	$200.0K	$2.400M	$0.00	$0.00	-$2.000M
YoY Change	-64.96%	-139.39%	-235.0%	-10.2%	-1461.11%	-103.25%	-3172.22%	-119.35%	-444.44%	170.0%	900.0%	-85.71%	250.0%	-91.67%			-100.0%	0.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Pretax Income	$1.450B	$1.488B	$1.298B	$1.002B	$949.7M	$840.5M	$660.7M	$673.2M	$647.0M	$387.7M	$195.5M	$186.1M	$28.30M	-$37.00M	-$461.2M	-$1.777B	$228.0M	$414.0M
YoY Change	-2.53%	14.64%	29.48%	5.54%	12.99%	27.21%	-1.86%	4.05%	66.88%	98.31%	5.05%	557.6%	-176.49%	-91.98%	-74.05%	-879.39%	-44.93%	-4.39%
Income Tax	$345.9M	$373.3M	$309.2M	$213.8M	$212.9M	$197.5M	$137.6M	$248.1M	$243.9M	$142.8M	$62.70M	$67.10M	$11.20M	-$7.800M	-$87.80M	-$12.00M	$94.00M	$148.0M
% Of Pretax Income	23.85%	25.09%	23.82%	21.33%	22.42%	23.5%	20.83%	36.85%	37.7%	36.83%	32.07%	36.06%	39.58%				41.23%	35.75%
Net Earnings	$1.104B	$1.115B	$988.6M	$788.5M	$736.8M	$643.0M	$523.1M	$425.1M	$403.1M	$244.9M	$132.8M	$119.0M	$17.10M	-$29.20M	-$373.4M	-$1.765B	$134.0M	$266.0M
YoY Change	-0.92%	12.74%	25.38%	7.02%	14.59%	22.92%	23.05%	5.46%	64.6%	84.41%	11.6%	595.91%	-158.56%	-92.18%	-78.84%	-1417.16%	-49.62%	-2.21%
Net Earnings / Revenue	5.17%	4.69%	4.75%	4.27%	4.09%	3.96%	3.44%	3.04%	3.1%	2.03%	1.23%	1.17%	0.18%	-0.33%	-5.21%	-21.87%	1.65%	3.92%
Basic Earnings Per Share	$8.20	$8.24	$7.14	$5.53	$5.08	$4.26	$3.37	$2.60	$2.37	$1.44	$0.85	$0.82	$0.12
Diluted Earnings Per Share	$8.10	$8.13	$7.04	$5.45	$4.99	$4.19	$3.31	$2.56	$2.35	$1.42	$0.84	$0.82	$0.12	-$172.6K	-$2.220M	-$10.51M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Cash & Short-Term Investments	$588.7M	$315.2M	$258.1M	$1.410B	$154.0M	$205.8M	$144.2M	$263.7M	$37.60M	$344.5M	$188.1M	$37.90M	$99.90M	$36.60M	$88.00M	$94.40M
YoY Change	86.77%	22.12%	-81.7%	815.71%	-25.17%	42.72%	-45.32%	601.33%	-89.09%	83.15%	396.31%	-62.06%	172.95%	-58.41%	-6.78%
Cash & Equivalents	$588.7M	$315.2M	$258.1M	$1.410B	$154.0M	$205.8M	$144.2M	$263.7M	$37.60M	$344.5M	$188.1M	$37.90M	$99.90M	$36.60M	$88.00M	$94.40M
Short-Term Investments
Other Short-Term Assets	$410.2M	$256.1M	$222.8M	$191.2M	$171.6M	$149.1M	$168.3M	$118.9M	$144.3M	$54.70M	$46.10M	$48.70M	$59.30M	$88.60M	$77.50M	$68.30M
YoY Change	60.17%	14.95%	16.53%	11.42%	15.09%	-11.41%	41.55%	-17.6%	163.8%	18.66%	-5.34%	-17.88%	-33.07%	14.32%	13.47%
Inventory	$668.1M	$800.2M	$927.6M	$760.0M	$611.2M	$454.3M	$411.5M	$452.0M	$393.1M	$337.5M	$382.0M	$314.6M	$321.7M	$292.8M	$257.8M	$242.6M
Prepaid Expenses
Receivables	$4.568B	$4.703B	$4.634B	$3.213B	$3.002B	$2.671B	$2.329B	$2.169B	$2.017B	$1.561B	$1.451B	$1.285B	$1.255B	$1.092B	$1.007B	$871.4M
Other Receivables	$470.5M	$489.1M	$435.5M	$379.5M	$395.1M	$316.4M	$343.0M	$234.9M	$198.4M	$155.6M	$146.3M	$148.5M	$143.6M	$192.8M	$127.8M	$142.5M
Total Short-Term Assets	$6.705B	$6.564B	$6.478B	$5.954B	$4.334B	$3.797B	$3.396B	$3.238B	$2.791B	$2.453B	$2.214B	$1.835B	$1.879B	$1.702B	$1.558B	$1.419B
YoY Change	2.15%	1.33%	8.81%	37.36%	14.15%	11.79%	4.89%	16.03%	13.75%	10.84%	20.65%	-2.38%	10.4%	9.28%	9.77%
Property, Plant & Equipment	$324.3M	$338.0M	$351.4M	$306.3M	$494.9M	$156.1M	$161.1M	$163.7M	$175.4M	$137.2M	$131.1M	$142.7M	$154.3M	$158.1M	$165.8M	$202.3M
YoY Change	-4.05%	-3.81%	14.72%	-38.11%	217.04%	-3.1%	-1.59%	-6.67%	27.84%	4.65%	-8.13%	-7.52%	-2.4%	-4.64%	-18.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments									$0.00	$86.70M
YoY Change									-100.0%
Other Assets	$472.2M	$193.1M	$161.5M	$43.90M	$23.30M	$39.80M	$32.70M	$36.00M	$12.30M	$12.20M	$31.70M	$54.80M	$71.50M	$83.10M	$93.60M	$96.40M
YoY Change	144.54%	19.57%	267.88%	88.41%	-41.46%	21.71%	-9.17%	192.68%	0.82%	-61.51%	-42.15%	-23.36%	-13.96%	-11.22%	-2.9%
Total Long-Term Assets	$6.580B	$6.568B	$6.721B	$3.391B	$3.665B	$3.371B	$3.570B	$3.710B	$3.965B	$3.623B	$3.711B	$3.885B	$4.070B	$4.242B	$4.418B	$4.857B
YoY Change	0.18%	-2.29%	98.2%	-7.48%	8.73%	-5.59%	-3.77%	-6.41%	9.44%	-2.39%	-4.48%	-4.54%	-4.04%	-4.0%	-9.04%
Total Assets	$13.28B	$13.13B	$13.20B	$9.345B	$7.999B	$7.168B	$6.967B	$6.948B	$6.755B	$6.076B	$5.925B	$5.720B	$5.950B	$5.944B	$5.976B	$6.276B
YoY Change
Accounts Payable	$3.312B	$3.340B	$3.563B	$2.613B	$2.265B	$2.006B	$1.816B	$1.653B	$1.306B	$1.036B	$919.4M	$767.8M	$796.5M	$565.3M	$292.3M	$224.0M
YoY Change	-0.85%	-6.24%	36.34%	15.37%	12.88%	10.5%	9.82%	26.58%	26.06%	12.69%	19.74%	-3.6%	40.9%	93.4%	30.49%
Accrued Expenses	$1.030B	$1.065B	$1.028B	$970.7M	$940.2M	$593.1M	$505.9M	$436.3M	$402.1M	$335.0M	$336.7M	$302.4M	$316.0M	$293.4M	$222.1M	$214.6M
YoY Change	-3.32%	3.61%	5.89%	3.24%	58.52%	17.24%	15.95%	8.51%	20.03%	-0.5%	11.34%	-4.3%	7.7%	32.1%	3.49%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$613.1M	$56.30M	$102.7M	$70.90M	$34.10M	$25.30M	$25.50M	$18.50M	$27.20M	$15.40M	$45.40M	$40.00M	$201.0M	$132.6M	$22.60M	$15.80M
YoY Change	988.99%	-45.18%	44.85%	107.92%	34.78%	-0.78%	37.84%	-31.99%	76.62%	-66.08%	13.5%	-80.1%	51.58%	486.73%	43.04%
Total Short-Term Liabilities	$5.442B	$4.947B	$5.096B	$3.898B	$3.491B	$2.803B	$2.522B	$2.281B	$1.887B	$1.468B	$1.403B	$1.168B	$1.341B	$1.027B	$634.6M	$541.6M
YoY Change	10.0%	-2.92%	30.72%	11.65%	24.55%	11.14%	10.58%	20.84%	28.56%	4.66%	20.07%	-12.91%	30.62%	61.82%	17.17%
Long-Term Debt	$5.032B	$5.866B	$6.756B	$3.856B	$3.152B	$3.183B	$3.210B	$3.216B	$3.233B	$3.151B	$3.206B	$3.731B	$3.865B	$4.157B	$4.599B	$4.618B
YoY Change	-14.23%	-13.16%	75.19%	22.34%	-0.98%	-0.83%	-0.18%	-0.51%	2.6%	-1.72%	-14.08%	-3.47%	-7.03%	-9.61%	-0.4%
Other Long-Term Liabilities	$596.9M	$511.3M	$419.6M	$237.7M	$333.2M	$64.20M	$52.70M	$37.10M	$70.00M	$45.80M	$41.00M	$60.00M	$58.60M	$72.70M	$92.10M	$74.30M
YoY Change	16.74%	21.85%	76.53%	-28.66%	419.0%	21.82%	42.05%	-47.0%	52.84%	11.71%	-31.67%	2.39%	-19.39%	-21.06%	23.96%
Total Long-Term Liabilities	$5.629B	$6.378B	$7.175B	$4.094B	$3.485B	$3.248B	$3.263B	$3.253B	$3.303B	$3.196B	$3.247B	$3.791B	$3.924B	$4.230B	$4.691B	$4.692B
YoY Change	-11.74%	-11.12%	75.27%	17.46%	7.32%	-0.47%	0.3%	-1.5%	3.32%	-1.55%	-14.36%	-3.38%	-7.25%	-9.83%	-0.01%
Total Liabilities	$11.24B	$11.53B	$12.49B	$8.048B	$7.039B	$6.193B	$5.981B	$5.903B	$5.659B	$5.139B	$5.213B	$5.584B	$5.957B	$5.987B	$6.021B	$6.014B
YoY Change	-2.48%	-7.73%	55.25%	14.33%	13.67%	3.53%	1.32%	4.3%	10.12%	-1.41%	-6.64%	-6.27%	-0.51%	-0.55%	0.11%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	134.6M shares	135.2M shares	138.5M shares	142.6M shares	145.1M shares	150.9M shares	155.4M shares	163.6M shares	170.3M shares	170.6M shares	156.6M shares	145.1M shares	144.8M shares
Diluted Shares Outstanding	136.3M shares	137.0M shares	140.5M shares	144.8M shares	147.8M shares	153.6M shares	158.2M shares	166.0M shares	171.8M shares	172.8M shares	158.7M shares	145.8M shares	144.9M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $23.758 Billion

About CDW Corp

CDW Corp. engages in the provision of information technology solutions to small, medium, and large business, government, education, and healthcare customers. The company is headquartered in Vernon Hills, Illinois and currently employs 15,100 full-time employees. The company went IPO on 2013-06-27. The Company’s array of offerings ranges from discrete hardware and software products to integrated IT solutions and services that include on-premises and cloud capabilities across hybrid infrastructure, digital experience and security. The firm operates through three segments: Corporate, Small Business and Public. The Corporate segment primarily serves United States private sector business customers. The Small Business segment primarily serves United States private sector business customers. The Public segment comprises government agencies and education and healthcare institutions in the United States. The Company’s solutions are delivered in physical, virtual and cloud-based environments. The company provides integrated IT solutions in more than 150 countries.

Industry: Retail-Catalog & Mail-Order Houses Peers: ARROW ELECTRONICS, INC. AVNET INC EPLUS INC INSIGHT ENTERPRISES INC PC CONNECTION INC Climb Global Solutions, Inc. RICHARDSON ELECTRONICS, LTD. SCANSOURCE, INC. TD SYNNEX CORP