# CDW Corporation (CDW)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $17.08B  
**Price:** $129.30 (-3.02%)

> CDW Corporation is a technology solutions and services provider specializing in information technology for organizations of all sizes. The company delivers a broad portfolio that spans client devices, data center infrastructure, networking, cybersecurity, cloud services, and software, along with consulting, implementation, and managed services. CDW Corporation serves corporate and small business customers, as well as public-sector clients in government, education, and healthcare, primarily in the United States, the United Kingdom, and Canada. Its segmented go-to-market model allows it to tailor solutions to the specific compliance, performance, and budget requirements of each customer type. Acting as both a product reseller and a strategic IT partner, CDW Corporation aggregates offerings from numerous leading technology vendors and integrates them into cohesive, end-to-end solutions. Founded in 1984 and headquartered in Vernon Hills, Illinois, it plays a significant role in helping organizations modernize their IT environments, support hybrid work, secure critical systems, and manage increasingly complex technology ecosystems.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $22.42B | $4.87B | $1.66B | $1.07B | — |
| 2024 | $21.00B | $4.60B | $1.65B | $1.08B | — |
| 2023 | $21.38B | $4.65B | $1.68B | $1.10B | — |
| 2022 | $23.75B | $4.69B | $1.74B | $1.11B | — |
| 2021 | $20.82B | $3.57B | $1.42B | $989M | — |
| 2020 | $18.47B | $3.21B | $1.18B | $789M | — |
| 2019 | $18.03B | $3.04B | $1.13B | $737M | — |
| 2018 | $16.24B | $2.71B | $987M | $643M | — |
| 2017 | $14.83B | $2.45B | $867M | $523M | — |
| 2016 | $13.67B | $2.33B | $820M | $425M | — |
| 2015 | $12.99B | $2.12B | $742M | $403M | — |
| 2014 | $12.07B | $1.92B | $673M | $245M | — |
| 2013 | $10.77B | $1.76B | $509M | $133M | — |
| 2012 | $10.13B | $1.67B | $511M | $119M | — |
| 2011 | $9.60B | $1.58B | $471M | $17M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $16.03B | $13.42B | $2.61B | $619M | $4.62B |
| 2024 | $14.68B | $12.33B | $2.35B | $504M | $5.61B |
| 2023 | $13.28B | $11.24B | $2.04B | $589M | $5.03B |
| 2022 | $13.13B | $11.53B | $1.60B | $315M | $5.87B |
| 2021 | $13.20B | $12.49B | $706M | $258M | $6.76B |
| 2020 | $9.34B | $8.05B | $1.30B | $1.41B | $3.86B |
| 2019 | $8.00B | $7.04B | $960M | $154M | $3.28B |
| 2018 | $7.17B | $6.19B | $975M | $206M | $3.18B |
| 2017 | $6.97B | $5.98B | $986M | $144M | $3.21B |
| 2016 | $6.96B | $5.91B | $1.05B | $264M | $3.22B |
| 2015 | $6.76B | $5.66B | $1.10B | $38M | $3.23B |
| 2014 | $6.08B | $5.14B | $937M | $345M | $3.15B |
| 2013 | $5.92B | $5.21B | $712M | $188M | $3.21B |
| 2012 | $5.72B | $5.58B | $137M | $38M | $3.73B |
| 2011 | $5.97B | $5.97B | -$7M | $100M | $3.87B |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $1.21B | $117M | $1.09B |
| 2024 | $1.28B | $123M | $1.15B |
| 2023 | $1.60B | $148M | $1.45B |
| 2022 | $1.34B | $128M | $1.21B |
| 2021 | $785M | $100M | $685M |
| 2020 | $1.31B | $158M | $1.16B |
| 2019 | $1.03B | $236M | $791M |
| 2018 | $906M | $86M | $820M |
| 2017 | $778M | $81M | $697M |
| 2016 | $604M | $64M | $541M |
| 2015 | $278M | $90M | $187M |
| 2014 | $435M | $55M | $380M |
| 2013 | $366M | $47M | $319M |
| 2012 | $317M | — | — |
| 2011 | $215M | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/CDW)