CDW Corp

CDW Corp

CDW

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Market Cap$16.4B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
CDW CorpCDW Corp15.61.96%42%0.72.6

Earnings Call Q3 2025

November 4, 2025 - AI Summary

Strong Q3 Performance: CDW reported third-quarter consolidated net sales of $5.7 billion, representing a 4% year-over-year growth. Gross profit reached $1.3 billion (up 5%), while non-GAAP operating income was $531 million (down 1%). Non-GAAP net income per share was $2.71, a 3% increase YOY. This performance highlights the effectiveness of CDW’s strategy and portfolio in a complex market.
Small Business Growth: The Small Business segment experienced impressive growth at 14%, driven by increasing technology investments during a dynamic environment. This growth was attributed to strong demand for cloud and client device solutions, with indications that small businesses are prioritizing IT spending to remain competitive.
Federal Government Challenges: The ongoing government shutdown poses significant risks for federal contracts, with a conservative outlook for the fourth quarter as backlog builds remain limited. While prior shutdowns have seen a rebound in spending, the current uncertainty might impact visibility and pipeline development going forward, resulting in cautious forecasting.

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$137.50

Target Price by Analysts

11.3% upsideCDW Target Price DetailsTarget Price
$170.56

Current Fair Value

38% upside

Undervalued by 38% based on the discounted cash flow analysis.

Share Statistics

Market cap$16.40 Billion
Enterprise Value$22.56 Billion
Dividend Yield$2.52 (1.96%)
Earnings per Share$8.13
Beta0.99
Outstanding Shares129,000,000

Return

Return on Equity42.15%ROE
Return on Assets6.55%
Return on Invested Capital19.05%

Valuation & Multiples

P/E Ratio15.56P/E Ratio
PEG333.28PEG
Price to Sales0.7Price to Sales
Price to Book Ratio6.5Price to Book Ratio
Enterprise Value to Revenue0.99
Enterprise Value to EBIT13.53
Enterprise Value to Net Income20
Total Debt to Enterprise0.3
Debt to Equity2.64Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 6, 2026
EPS Estimate
$2.28
Average shareholder expectation
Revenue Estimate
$5.48 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 5, 2026
EPS Estimate
$2.77
Average shareholder expectation
Revenue Estimate
$6.20 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.6380 17.90%
Total Calls404,800 76.00%
Total Puts258,262 37.45%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %96.07% 1.20%
Total Invested$15.26B 9.09%
Investors Holding763 43.00%

ESG Score

No data

About CDW Corp

Relevant Senate Committees

Joint Committee on Taxation

This committee provides critical analysis and revenue estimates for all tax legislation. Insights into potential changes in corporate tax structures or investment credits would directly impact CDW's financial performance and its clients' IT spending.

Finance

This committee controls taxation and trade policy. Corporate tax rates and depreciation rules directly impact CDW's profitability and its clients' capital expenditure decisions on IT. Trade policy can affect supply chain costs for electronic goods.

Appropriations

This committee directly allocates discretionary federal spending. Its subcommittees determine precise IT spending for defense, education, healthcare, and other government sectors, directly affecting CDW's largest customer segment.

Armed Services

This committee authorizes the annual NDAA, determining funding for the Department of Defense. The DoD is a massive consumer of IT, making this committee's decisions directly impactful on CDW's sales to the defense sector.

Budget

This committee drafts the budget resolution that sets overall federal spending ceilings. As a major vendor to federal, state, and local governments, CDW is highly sensitive to these allocations, which directly influence government IT spending.

Homeland Security and Governmental Affairs

This committee directly oversees government procurement, which is a significant revenue stream for CDW. Regulations on federal contracting and cybersecurity requirements for vendors would directly impact CDW's business opportunities and compliance.