CDW Corporation

CDW Corporation

CDWยทNASDAQ

$137.30

-1.7%
TechnologyInformation Technology Services

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.

At a Glance

Live Snapshot
Market Cap$17.54B
EPS8.1300
P/E Ratio16.89
Earnings Date08/05/2026
3Y-10.0%
5Y-8.0%
10Y+100.0%
3Y-143.0%
5Y-135.0%
10Y-207.0%
3Y+7.0%
5Y-953.0%
10Y+289.0%
CDW

CDW Corporation Cash Conversion Engine

CDW ยท NASDAQ
Net Income1.07B
Depreciation & Amortization296.00M
Stock-Based Compensation0.00
Change in Working Capital-286.30M
Others127.60M
Capital Expenditures-117.10M
Free Cash Flow1.09B

Cash Flow Quality Analysis

FCF Conversion Rate

102.0%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

9.7%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-5.8%

Declining FCF warrants attention. Investigate whether due to temporary factors or fundamental deterioration.

Working Capital Impact

-$286.30M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

CDW Corporation Cash Flow Statement

CDW โ€ข NASDAQ

CDW Corporation Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2006Dec 2005
OPERATING ACTIVITIES
1.1B
1.1B
1.1B
1.1B
988.6M
788.5M
736.8M
643M
523.1M
425.1M
403.1M
244.9M
132.8M
119M
17.1M
-29.2M
-373.4M
-1.8B
266.1M
272.1M
296M
275.3M
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
28.1M
21.5M
1.3M
-14.1M
-32.7M
-18.2M
-6.7M
-20.2M
-87.9M
-56.1M
-172.7M
-97.2M
-54.5M
-89.1M
-48.7M
-56.3M
-10.2M
-4.3M
-94.4M
-39.9M
-13.7M
1.1M
0.0
64.7M
93.7M
91.1M
72.6M
42.5M
48.5M
40.7M
43.7M
39.2M
31.2M
16.4M
46.6M
22.1M
19.5M
11.5M
15.9M
17.8M
0.0
0.0
127.6M
36.3M
43.9M
24.5M
-29.5M
73M
29M
10.9M
62.4M
6.4M
-53.8M
96.7M
74.5M
31.8M
141.7M
71M
359.3M
1.8B
-1.4M
14.4M
(0.0)
(398.6M)
(401.4M)
(362.2M)
(351M)
(245.6M)
(272.2M)
(261.2M)
(275.7M)
(329.2M)
(300.2M)
(241.2M)
(82.5M)
(123.2M)
(0.0)
(48M)
(0.0)
(0.0)
(0.0)
(0.0)
-286.3M
-162.7M
118.8M
-166.6M
-431.6M
4.9M
33.7M
1.8M
60.3M
-24M
-275.9M
-41.8M
-47.1M
-9.4M
-158.3M
165.3M
-18M
-27.1M
-62.3M
-5.4M
1.2B
1.3B
1.6B
1.3B
784.6M
1.3B
1B
905.9M
777.7M
604M
277.5M
435M
366.3M
317.4M
214.7M
423.7M
107.6M
174.2M
216.7M
303.7M
INVESTING ACTIVITIES
-117.1M
-122.6M
-148.2M
-127.8M
-100M
-158M
-236.3M
-86.1M
-81.1M
-63.5M
-90.1M
-55M
-47.1M
-41.4M
-45.7M
-41.5M
-15.6M
-41.1M
-85.6M
-49.1M
-21.5M
-323.9M
-76.4M
-36.7M
-2.7B
-43M
-95.1M
(0.0)
(0.0)
(0.0)
-263.8M
-86.8M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-180.7M
(0.0)
(0.0)
-211.1M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-2.4M
-500K
-2.1M
(0.0)
-300K
-10.3M
-84.1M
-92.2M
-19.2M
-407.3M
-422.1M
211.1M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
20M
0.0
849.7M
804.2M
-2.3M
-1.6M
-5M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-20.9M
0.0
0.0
0.0
200K
5.2M
0.0
-275.7M
-337.1M
(70.2M)
-659.2M
-229.6M
-164.5M
-2.8B
-201M
-331.4M
-86.1M
-81.1M
-65.9M
-354.4M
-164.8M
-47.1M
-41.7M
-56M
-125.4M
-82.6M
-60.3M
-99.6M
-4M
FINANCING ACTIVITIES
-623.5M
-500M
-500M
0.0
-1.5B
-340.6M
-657.2M
-522.3M
-534M
-367.4M
-241.3M
0.0
424.5M
-700K
-400K
0.0
0.0
0.0
-227.7M
-258.3M
-214.7M
235.4M
-224.4M
-865.3M
2.8B
605.1M
112M
0.0
-53.2M
-28M
-33.1M
-139.4M
-563.3M
-308.5M
-320.2M
-339M
-11.6M
13.4M
2.8M
16.4M
-328.6M
-332.1M
-321.5M
-282.6M
-234.8M
-219.6M
-183.4M
-139.4M
-106.9M
-78.7M
-52.9M
-33.6M
-7.3M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-40.7M
-35.1M
-653M
-500M
-500M
(0.0)
-1.5B
-340.6M
-657.2M
-522.3M
-534M
-367.4M
-241.3M
(0.0)
-200K
-700K
-400K
(0.0)
(0.0)
(0.0)
-227.7M
-258.3M
-17.7M
-90.2M
-52.8M
45.8M
-188.3M
93.9M
-21.2M
-93.1M
-124.6M
169.5M
100.8M
61M
-22.2M
-28.8M
225.2M
-11.1M
-20.3M
-48M
95.4M
29.7M
-1.2B
-686.9M
-1.1B
-1.1B
832.8M
138.8M
-749.8M
-754.8M
-818.7M
-304.6M
-226.5M
-112M
-168.3M
-338M
-95.4M
-350.1M
-31.9M
-34.6M
-170.2M
-247.3M
CASH FLOW SUMMARY
24.3M
-12.2M
3.1M
-12.2M
100K
4.1M
2.2M
-3.4M
2.6M
-7.4M
-3.5M
-1.8M
-700K
300K
0.0
400K
500K
-500K
-61K
115K
115.2M
-81M
273.5M
57.1M
-1.2B
1.3B
-51.8M
61.6M
-119.5M
226.1M
-306.9M
156.4M
150.2M
-62M
63.3M
-51.4M
-6.4M
78.8M
-53.2M
52.4M
503.5M
588.7M
315.2M
258.1M
1.4B
154M
205.8M
144.2M
263.7M
37.6M
344.5M
188.1M
37.9M
99.9M
36.6M
88M
94.4M
15.6M
201.3M
148.8M
618.7M
507.7M
588.7M
315.2M
258.1M
1.4B
154M
205.8M
144.2M
263.7M
37.6M
344.5M
188.1M
37.9M
99.9M
36.6M
88M
94.4M
148.1M
201.3M
1.1B
1.2B
1.5B
1.2B
684.6M
1.2B
790.9M
819.8M
696.6M
540.5M
187.4M
380M
319.2M
276M
169M
382.2M
92M
133.1M
131.1M
254.6M

SEC Filings

CDW - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 26, 2026
May 21, 2026
2026
8-K

8-K 2026

N/A

May 13, 2026
May 13, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 06, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 06, 2026
May 06, 2026
2026
8-K

8-K 2026

N/A

May 01, 2026
May 01, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 10, 2026
May 21, 2026
2026
8-K

8-K 2026

N/A

March 27, 2026
March 24, 2026
2026
10-K

10-K 2025 FY

FY

February 20, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 04, 2026
February 04, 2026
2026
8-K

8-K 2025

N/A

December 23, 2025
December 17, 2025
2025
Showing 1 to 10 of 283 filings