Stocks · Technology · Information Technology Services
CDW Corporation CDW
$133.29 -1.87% Close, Oct 2, 2026 · NASDAQ · Market cap $17.03B
Inexpensive vs sector
Next earnings report: Nov 3, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The shares trade at 16.0× trailing earnings, lower than 90% of the company's own readings over the past five years.
- Net debt is 3.1× EBITDA, a high level of leverage.
- Revenue over the last four quarters was $23.50B, up 7.4% from a year earlier.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 34%
- EPS growth (TTM, YoY)Bottom 39%
- FCF growth (TTM, YoY)Bottom 38%
- Revenue growth, 3-year CAGRBottom 24%
- Revenue growth accelerationBottom 43%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 20%
- Gross marginBottom 14%
- Operating marginTop 44%
- Cash conversion (OCF / net income)Bottom 25%
- Accruals (lower is better)Bottom 18%
- Net debt / EBITDA (lower is better)Bottom 18%
- Interest coverTop 23%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 11%
- Free-cash-flow yieldTop 25%
- EBITDA / enterprise valueTop 19%
- Sales / enterprise valueTop 13%
- P/E vs own 5-year history (lower is better)Top 18%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 42%
- 6-month returnBottom 36%
- 1-year return vs S&P 500Bottom 37%
- Distance from 52-week highTop 31%
- Trend checklist (0–4)Bottom 40%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 31%
- Consecutive EPS beatsBottom 31%
- Share of analysts rating BuyTop 38%
- Upside to consensus price targetBottom 32%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 34%
- Maximum drawdown, 3 yearsBottom 48%
- Beta vs S&P 500 (lower is better)Top 19%
- Net debt / EBITDA (lower is better)Bottom 18%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 7.4% | 7.4% | ↑ |
| EPS growth (YoY) | 1.7% | 3.2% | ↑ |
| Gross margin | 21.6% | 21.4% | ↓ |
| Operating margin | 7.6% | 7.1% | ↓ |
| FCF margin | 4.7% | 4.7% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 7.4% | 7.4% | ↑ | Bottom 34% |
| EPS growth (TTM, YoY) | 3.2% | 1.7% | ↑ | Bottom 39% |
| Gross margin | 21.4% | 21.6% | ↓ | Bottom 14% |
| Operating margin | 7.1% | 7.6% | ↓ | Top 44% |
| Net margin | 4.6% | 4.9% | ↓ | — |
| Free-cash-flow margin | 4.7% | 4.7% | ↑ | — |
| Return on invested capital | 12.6% | — | Top 20% | |
| Revenue growth, 3-year CAGR | -1.9% | — | Bottom 24% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.16×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -1.0%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.5%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +20.1 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 3.07×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 14.2×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 2.38%
- Net buyback yield (TTM)
- 6.07%
- Shareholder yield
- 8.45%
- Share count change, 1 year
- -3.8%
- Share count change, 3-year CAGR
- -2.2%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 5, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- +3.2%
- Average 2-day reaction, last 8
- -3.6%
- Positive 20 days after report
- 2 of 8
Analysts
- Consensus price target
- $149.60
- Target vs current price
- +12.2%
- Analysts with a rating
- 18
- Share rating Buy or Strong Buy
- 72%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 5, 2026 | +3.9% | -9.0% | -12.1% | -2.4% | — |
| May 6, 2026 | +0.0% | -20.3% | -27.4% | +0.4% | +8.0% |
| Feb 4, 2026 | +5.3% | +9.4% | +13.2% | -1.0% | +8.5% |
| Nov 4, 2025 | +3.4% | -8.5% | -7.4% | -6.9% | -18.4% |
| Aug 6, 2025 | +4.4% | +0.2% | -0.7% | -1.1% | -4.8% |
| May 7, 2025 | +9.7% | +7.1% | +16.3% | +7.9% | +3.0% |
| Feb 5, 2025 | +6.4% | +3.4% | -3.8% | -13.4% | -18.5% |
| Oct 30, 2024 | -8.0% | -11.3% | -12.2% | -19.1% | -11.4% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 5, 2026 | $2.91 | $2.80 | +3.9% | $6.57B |
| May 6, 2026 | $2.28 | $2.28 | +0.0% | $5.68B |
| Feb 4, 2026 | $2.57 | $2.44 | +5.3% | $5.51B |
| Nov 4, 2025 | $2.71 | $2.62 | +3.4% | $5.74B |
| Aug 6, 2025 | $2.60 | $2.49 | +4.4% | $5.98B |
| May 7, 2025 | $2.15 | $1.96 | +9.7% | $5.20B |
| Feb 5, 2025 | $2.48 | $2.33 | +6.4% | $5.19B |
| Oct 30, 2024 | $2.63 | $2.86 | -8.0% | $5.52B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 16.0× | 24.5× | 10th | Top 11% |
| P/E (forward) | 12.2× | — | — | — |
| EV / EBITDA | 12.4× | — | — | Top 19% |
| EV / Sales | 0.96× | — | — | Top 13% |
| Free-cash-flow yield | 6.51% | — | — | Top 25% |
| Earnings yield | 6.24% | — | — | Top 11% |
P/E over the past five years
Range 13.3× – 30.4× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -16.2%
- Earnings per share growth (TTM)
- +3.2%
- Change in P/E multiple
- -18.0%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 2
- 50-day average slope (20 days)
- +2.1%
- 200-day average slope (20 days)
- -0.1%
- Distance from 50-day average
- -6.4%
- Distance from 200-day average
- +1.3%
- RSI (14)
- 41.4
- Relative volume
- 0.86×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 50.4%
- Volatility vs own 5-year history
- 94th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.94
- Correlation with S&P 500
- 0.36
- Current drawdown from 1-year high
- -16.4%
- Maximum drawdown, 3 years
- -61.5%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Mar 27, 2024 | May 12, 2026 | -61.5% | 532 days | Not yet recovered |
| Jan 4, 2022 | Oct 12, 2022 | -26.7% | 194 days | 84 days (Feb 13, 2023) |
| Feb 16, 2023 | Apr 21, 2023 | -23.9% | 44 days | 143 days (Nov 14, 2023) |
| Sep 2, 2021 | Oct 12, 2021 | -14.6% | 27 days | 52 days (Dec 27, 2021) |
| Nov 9, 2020 | Jan 4, 2021 | -11.7% | 37 days | 22 days (Feb 4, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $17.03B
- P/E (TTM)
- 16.0
- EPS, diluted (TTM)
- $8.32
- Revenue (TTM)
- $23.50B
- Dividend yield
- 1.89%
- 52-week range
- $97.12 – $162.47
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $20.82B | $23.75B | $21.38B | $21.00B | $22.42B |
| Gross profit | $3.57B | $4.69B | $4.65B | $4.60B | $4.87B |
| Operating income | $1.42B | $1.74B | $1.68B | $1.65B | $1.66B |
| Net income | $988.6M | $1.11B | $1.10B | $1.08B | $1.07B |
| EPS (diluted) | $7.04 | $8.14 | $8.10 | $7.97 | $8.08 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.52B | $5.19B | $5.20B | $5.98B | $5.74B | $5.51B | $5.68B | $6.57B |
| Net income | $316.4M | $264.2M | $224.9M | $271.2M | $291.0M | $279.5M | $235.4M | $274.4M |
| EPS (diluted) | $2.35 | $1.97 | $1.69 | $2.05 | $2.21 | $2.14 | $1.82 | $2.15 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $784.6M | $1.34B | $1.60B | $1.28B | $1.21B |
| Capital expenditure | -$100.0M | -$127.8M | -$148.2M | -$122.6M | -$117.1M |
| Free cash flow | $684.6M | $1.21B | $1.45B | $1.15B | $1.09B |
| Dividends paid | -$234.8M | -$282.6M | -$321.5M | -$332.1M | -$328.6M |
| Net share buybacks | -$1.50B | $30.2M | -$500.0M | -$500.0M | -$623.5M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $361.8M
- Total assets
- $17.25B
- Total liabilities
- $14.81B
- Total debt
- $5.96B
- Net debt
- $5.60B
- Shareholders’ equity
- $2.44B
As of Jun 30, 2026 (filed Aug 5, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 25, 2026 | $0.63 | Sep 10, 2026 |
| May 22, 2026 | $0.63 | Jun 10, 2026 |
| Feb 25, 2026 | $0.63 | Mar 10, 2026 |
| Nov 25, 2025 | $0.63 | Dec 10, 2025 |
| Aug 25, 2025 | $0.63 | Sep 10, 2025 |
| May 23, 2025 | $0.63 | Jun 10, 2025 |
| Feb 25, 2025 | $0.63 | Mar 11, 2025 |
| Nov 25, 2024 | $0.63 | Dec 10, 2024 |
Short interest
- Shares sold short
- 9,496,316
- Days to cover
- 6.15
- Change vs previous report
- +4.5%
FINRA short interest, settlement date Sep 15, 2026.