CDW Corporation (CDW)

NASDAQ: CDW · USD

$163

+1.15 (+0.7%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-11

Our latest published analysis: CDW rated Hold

CDW Corporation's published Hold conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$157 / share

Potential value

$197 / share

Upside to FV

+10.2%

from $163

Moat

6.8/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$17.8B
Revenue (ttm)	23.5B
Net income (ttm)	1.1B
EPS (ttm)	$8.33
Shares out	125M
P/E (trailing)	19.5x
P/E (forward)	15.2x
Dividend	$2.52 (1.55%)
Volume	823,333
Beta	0.94

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 23.5B
Net income (ttm): 1.1B
EPS (ttm): $8.33
P/E (trailing): 19.5x
P/E (forward): 15.2x
Market cap: $17.8B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$20.82B	$23.75B	$21.38B	$21.00B	$22.42B	+1.9%
Gross profit	$3.57B	$4.69B	$4.65B	$4.60B	$4.87B	+8.1%
Operating income	$1.42B	$1.74B	$1.68B	$1.65B	$1.66B	+3.9%
Net income	$988.6M	$1.11B	$1.10B	$1.08B	$1.07B	+1.9%
EPS (diluted)	$7.04	$8.13	$8.10	$7.97	$8.08	+3.5%
EBITDA	$1.64B	$2.01B	$1.68B	$1.93B	$1.95B	+4.4%
R&D	—	—	—	—	—	—
SG&A	$2.15B	$2.95B	$2.97B	$2.95B	$3.22B	+10.6%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ABBV	AbbVie Inc.	505.6B	80.8x	7.9x	17.7%	+3.7%	+29.1%	매도
ABT	Abbott Laboratories	177.6B	38.2x	3.7x	7.2%	+2.7%	-17.2%	비중 축소
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	보유
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	매도
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	적극 매수
ADI	Analog Devices, Inc.	207.6B	50.9x	14.8x	11.0%	+16.4%	+76.9%	매도

Base and Bull scenarios

Base60%

Price target

$156.65

+10.2% from spot

CDW delivers 8.11% top-line growth in FY2026 fading to 3.67% in FY2027, with operating margin stable between 7.4% and 7.6%.

FY2026 revenue of $24.24B
Operating tax rate of 24.68%
Operating margin normalizes within historical ranges through disciplined cost-plus pricing and expense management

Bull20%

Price target

$196.79

+38.4% from spot

Accelerated enterprise AI infrastructure deployment drives robust pull-through for higher-margin security, cloud, and managed services.

Accelerating EPS growth across the initial forecast horizon driven by enterprise device refresh demand and AI infrastructure adoption
Operating margins expand toward 7.85%
Terminal price-to-earnings multiple expands driven by enhanced operating leverage and higher mix of recurring services

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($156.65). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	1.5%	2.0%	2.5%	3.0%	3.5%
8.1%	$162	$168	$176	$186	$199
8.6%	$154	$159	$166	$173	$183
9.1%	$147	$151	$157	$163	$170
9.6%	$141	$145	$149	$154	$160
10.1%	$136	$139	$142	$147	$152

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E15.2

P25 n/aP50 n/aP75 n/a

Trailing P/E17.1

P25 n/aP50 n/aP75 n/a

ROE44

P25 n/aP50 n/aP75 n/a

ROIC15.3

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All CDW indicators

Market & fundamental data

Available fields

280

Groups with data

Currency

USD

Showing 280 of 280 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001402057
Company name	CDW Corporation
Country	United States
Country code	US
CUSIP number	12514G108
Earnings date	2026-11-04
Earnings time	bmo
Employees	14,800
Employees change	-300
Employees growth	-1.99%
Enterprise value	$26.4B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1984
In index	SP500
Industry	Information Technology Services
IPO date	1993-05-27
Is primary listing	Yes
Is SPAC	No
ISIN number	US12514G1085
Last 10-K release date	2026-02-20
Last earnings date	2026-08-05
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$20.3B
Market cap category	Large-Cap
Next earnings date	2026-11-04
Options	Yes
Price	$162.55
Price currency	USD
Sector	Technology
SIC code	5961
Stock price date	2026-10-28
Symbol	CDW
U.S. state	Illinois
Website	https://www.cdw.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	15.53x
Average P/E ratio (10Y)	22.43x
Average P/E ratio (3Y)	22.38x
Average P/E ratio (5Y)	22.77x
Earnings yield	5.12%
EV/Earnings	24.33x
EV/EBIT	15.34x
EV/EBITDA	13.07x
EV/FCF	30.55x
EV/Sales	1.12x
FCF / EV yield	3.27%
FCF yield	4.26%
Forward EV/Sales	1.07x
Forward P/E	14.2x
Forward P/S	0.82x
Graham number	60.43234
Graham upside	-62.62%
Industry forward P/E	15.25x
Industry P/E	21.36x
Lynch fair value	$41.64
Lynch upside	-74.24%
P/(FCF - SBC) ratio	26.24x
P/(OCF - SBC) ratio	22.66x
P/B ratio	8.28x
P/E ratio	19.52x
P/FCF ratio	23.5x
P/OCF ratio	20.59x
P/S ratio	0.86x
PEG ratio	1.74x
Price/EBITDA ratio	10.05x
Sector forward P/E	18.86x
Sector P/E	32.77x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	7.29%
EBITDA margin	8.56%
Effective tax rate	25.52%
FCF margin	3.66%
Gross margin	21.36%
Operating margin	7.29%
Pretax margin	6.17%
Profit margin	4.6%
Profit per employee	$72,993
Profitable quarters	51
Profitable years	15
Revenue per employee	$1.6M
ROA	6.59%
ROA (5Y)	7.71%
ROCE	19.13%
ROE	44.01%
ROE (5Y)	69.58%
ROIC	15.34%
ROIC (5Y)	16.37%
SBC / revenue	0.38%
Tax / revenue	1.57%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	3.5%
EPS growth (Q)	4.88%
EPS growth (QoQ)	18.13%
EPS growth 10Y	12.45%
EPS growth 3Y	1.94%
EPS growth 5Y	4.97%
EPS growth quarters	3
EPS growth years	1
FCF growth	-15.58%
FCF growth 3Y	-5.92%
FCF growth 5Y	-3.85%
Gross profit growth	6.36%
Gross profit growth (Q)	6.33%
Gross profit growth 3Y	2.33%
Gross profit growth 5Y	8.2%
Net income growth	0.33%
Net income growth (Q)	1.18%
Net income growth (QoQ)	16.57%
Net income growth 3Y	0.08%
Net income growth 5Y	2.86%
Net income growth quarters	3
Net income growth years	0
OCF growth	-13.15%
OCF growth 10Y	7.16%
OCF growth 3Y	-5.64%
OCF growth 5Y	-3%
Operating income growth	-0.33%
Operating income growth (Q)	7.2%
Operating income growth 3Y	0.13%
Operating income growth 5Y	4.81%
Revenue growth	7.41%
Revenue growth (Q)	9.97%
Revenue growth (QoQ)	15.71%
Revenue growth 10Y	5.54%
Revenue growth 3Y	1.64%
Revenue growth 5Y	3.59%
Revenue growth quarters	7
Revenue growth years	1

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-121.6M
Depreciation and amortization	$297.6M
EBIT	$1.7B
EBITDA	$2B
EPS	$8.33
FCF per share	$6.88
Financing cash flow	$-941.5M
Free cash flow	$860.2M
Free cash flow minus SBC	$770.4M
Gross profit	$5B
Income taxes	$370.1M
Investing cash flow	$-143.2M
Net borrowing	$218.8M
Net cash flow	$-118.1M
Net income	$1.1B
Operating cash flow minus SBC	$892M
Operating income	$1.7B
Revenue	$23.5B
Stock-based compensation	$89.8M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	2.42
Book value per share	$19.49
Debt / EBITDA	3.11
Debt / equity	2.63
Debt / FCF	7.47
Goodwill	$4.7B
Interest coverage	7.48
Long-term assets	$7.6B
Long-term liabilities	$6.5B
Net cash (debt)	$-6.1B
Net cash / market cap	-30.02%
Net debt / EBITDA	3.02
Net debt / equity	2.48
Net debt / FCF	7.05
Piotroski F-Score	4
Property, plant and equipment	$294.2M
Shareholders' equity	$2.4B
Tangible book value	$-3.3B
Tangible book value per share	$-26.38
Total assets	$17.3B
Total cash	$361.8M
Total debt	$6.4B
Total liabilities	$14.8B
WACC	7.79%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	1.45
Current assets	$9.7B
Current liabilities	$8.3B
Current ratio	1.17
Inventory turnover	21.2
Net working capital	$2.5B
Quick ratio	1.01
Working capital	$1.4B
Working capital turnover	13.76

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	2.92%
Dividend growth	0.8%
Dividend growth (10Y)	19.34%
Dividend growth (3Y)	2.21%
Dividend growth (5Y)	9.51%
Dividend growth years	12
Dividend payment date	2026-09-10
Dividend payment years	14
Dividend payout frequency	Quarterly
Dividend per share	$2.52
Dividend yield	1.55%
Ex-dividend date	2026-08-25
FCF payout ratio	36.62%
Last dividend	$0.63
Payout ratio	30.26%
Shareholder yield	4.47%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	263.29%
10Y return CAGR	15.21%
10Y total return	311.8%
150-day SMA	$135.18
1D price change	0.71%
1M price change	20.12%
1M total return	20.12%
1W price change	4.96%
1W total return	4.96%
1Y price change	2.17%
1Y return CAGR	4.25%
1Y total return	4.25%
20-day SMA	$149.55
200-day SMA	$132.88
3M price change	17.85%
3M total return	18.41%
3Y price change	-18.21%
3Y return CAGR	-5.07%
3Y total return	-14.46%
50-day SMA	$146.12
50-day SMA vs 200-day SMA	50over200
52-week high	$166.15
52-week high date	2026-10-23
52-week low	$97.12
52-week low date	2026-05-12
5Y price change	-11.76%
5Y return CAGR	-1.13%
5Y total return	-5.5%
6M price change	22.22%
6M total return	23.53%
All-time high	$263.37
All-time high date	2024-04-04
All-time low	$17.38
All-time low date	2013-06-27
Average true range (ATR)	$5.24
Average volume	1.5M
Beta (1Y)	0.36
Beta (2Y)	0.89
Beta (5Y)	0.94
Change from 52-week high	-2.17%
Change from 52-week low	67.37%
Change from all-time high	-38.23%
Change from all-time low	836.02%
Change from open	0.51%
Day's gap	0.19%
Dollar volume	$133.8M
High price	$163.49
Low price	$160.47
Monthly RSI	51.54
Open price	$161.72
Position in 52-week range	68.87%
Premarket change	-0.87%
Premarket close	$161.41
Premarket price	$160.01
Previous close	$161.41
Price vs 150-day SMA	20.25%
Price vs 20-day SMA	8.69%
Price vs 200-day SMA	22.33%
Price vs 50-day SMA	11.25%
Relative volume	0.57
RSI	65.71
Sharpe ratio	0.24
Sharpe ratio (3Y)	-0.08
Sharpe ratio (5Y)	-0
Sortino ratio	0.45
Sortino ratio (3Y)	0.04
Sortino ratio (5Y)	0.16
Volume	823.3K
Weekly RSI	61.22
YTD price change	19.44%
YTD total return	21.33%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	124.5M
Float percentage	99.62%
Shares change (QoQ)	-1.62%
Shares change (YoY)	-2.92%
Shares held by insiders	0.27%
Shares held by institutions	112.12%
Shares outstanding	125M
Short % of float	7.48%
Short % of shares	7.45%
Short ratio	6 days

Deeper analysis on CDW

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this CDW report

What is the latest published CDW stock rating?

CDW Corporation is shown with Hold in the latest published report, analyzed 2026-10-11. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full CDW analysis?

The full latest published report, analyzed 2026-10-11, lives at /stocks/CDW/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for CDW?

The latest published report analyzed 2026-10-11 gives CDW a fair value of USD 157 and a potential value of USD 197. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the CDW page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-11). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

HoldCDW · Fair value $157+10.2%

Read full analysis →

CDW Corporation (CDW)

Our latest published analysis: CDW rated Hold

Price

Financial snapshot

Fair-value bridge

Latest news · CDW

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All CDW indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on CDW

Frequently asked questions

등급 이력

Category	Score	Reading
Valuation	6.0
Management	8.5
Balance Sheet	3.5
Profitability	7.0
Revenue Growth	6.0
Risk Assessment	4.0
Competitive Moat	6.8
Earnings Quality	6.0
Capital Efficiency	6.5