Stock · CDW · Technology

CDW Corp

United States · Large Cap · listed since 1993 · Revenue 12 mo. $23.5B

Price as of 11/06/2026

StockScorer score
4.5
of 10 5 of 11 points Low Match To the score
Price
$157.00
1 Y +1.3%
Market cap
$20B
Phase
Payout
core business profitable, at least half of operating cash flow goes to shareholders
Revenue −1.9% a year (3 years)EBIT margin 7.4%Payout 80.9% of operating cash flow

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada.

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CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Commercial, Government, and Education. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security. It also provides hardware products comprising notebooks/mobile devices, tablets, network communications, collaboration hardware, data storage and servers, desktop computers, and other hardware; and software products, such as cloud solutions, software assurance, application suites, security, virtualization, collaboration and productivity applications, operating systems, and network management. In addition, the company offers advisory and design, software development, implementation, and managed services, as well as warranties. It serves business, government, education, and healthcare customers. The company was formerly known as CDW Computer Centers, Inc. and changed its name to CDW Corporation in June 2003. CDW Corporation was founded in 1984 and is based in Vernon Hills, Illinois.

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Summary

CDW Corp is around the middle of the Technology sector overall

52.1 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 7.1% FCF growth a year: more than over the last 5 years, less than over the last 10 years.

If free cash flow stays at €976.5M (2025), it supports €10.8B. The remaining €7.1B of the market value assume it grows 7.1% a year for 10 years and not at all afterwards.

Required FCF growth per year

7.1%

no growth afterwards

Market value breakdown€18B market value, price as of 11/06/2026

€10.8B without growth
€7.1B priced-in growth
  • 5 yrs achieved 6.6%
  • 10 yrs achieved 12.7%
  • priced in 7.1%

Valuation against its own history

Price to operating cash flow 20.4×, within its usual range.

Middle half of 20 quarters: 18.3× to 20.9×, median 19.2×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

3 signs support the expectation, 2 speak against it.

What supports it

with respect to the priced-in expectation

  • High return on capital every year ROCE at least 17.5% (10 years)
  • Low capital needs capex median 0.5% of revenue (10 years)
  • Steady FCF margin at least 3.3%, range 3.5 pp (10 years)

What speaks against it

with respect to the priced-in expectation

  • High leverage debt to equity 2.43
  • EBIT margin falling for three quarters −0.2 pp over the last four reports

Since the last quarter

Q1 → Q2 2026

Mostly better than the previous quarter: 2 of 2 changes for the better.

  • Shares outstanding130M → 127M−1.6%better
  • Return on equity42.2% → 44.2%+2.1 ppbetter

6 more unchanged: Revenue, 12 mo., FCF, 12 mo., Gross margin, EBIT margin, FCF margin, Net debt

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability45.6around the middleEarns about as much as the sector.
MetricStockSector medianPosition in sector
Return on equity40.93%14.60%Rank 89
Return on capital (Greenblatt)104.61%29.77%Rank 83
EBIT margin7.38%17.40%Rank 25
FCF margin4.85%18.54%Rank 20
Gross margin21.73%48.47%Rank 11
Growth23.7below the middleGrows more slowly than the sector: Sustainable growth (ROE × retained earnings) 0.52%, sector 2.87%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year6.79%12.70%Rank 29
Earnings growth, 3 years per year−0.25%9.54%Rank 29
Earnings growth, 5 years per year8.20%14.07%Rank 29
Sustainable growth (ROE × retained earnings)0.52%2.87%Rank 8
Valuation80.1above the middleValued lower than the sector: EV/sales 1.15, sector 5.18.
MetricStockSector medianPosition in sector
Earnings yield5.14%2.64%Rank 82
FCF yield5.43%3.06%Rank 73
EV/saleslower is better1.155.18Rank 91
EV/EBITlower is better15.5626.24Rank 75
Momentum82.2above the middleShare price doing better than the sector: Share price, 6 months 50.31%, sector −4.46%.
MetricStockSector medianPosition in sector
Share price, 1 year1.30%−0.59%Rank 52
Share price, 6 months50.31%−4.46%Rank 96
Share price, 3 months20.73%−5.84%Rank 91
Distance from 52-week high−6.96%−33.23%Rank 90
Quality60.5above the middleQuality above the sector: Change in share count −2.29%, sector −0.17%.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better−1.36%1.65%Rank 69
Change in share countlower is better−2.29%−0.17%Rank 82
Dividend streak in years128Rank 77
Price reaction to results, market-adjusted−8.98%−1.57%Rank 15
Balance sheet & risk20.6below the middleMore risk than the sector: Debt to equity 2.43, sector 0.33.
MetricStockSector medianPosition in sector
Equity ratio16.26%53.98%Rank 9
Net debt/EBITDAlower is better2.93−0.20Rank 7
Debt to equitylower is better2.430.33Rank 4
Volatility, 1 yearlower is better47.17%50.37%Rank 62

Ten years in figures

Revenue from $13.7B (2016) to $22.4B (2025), 5.7% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCFSharesNet debt, $B
201613.76.0%$540.5M166M3.0
201714.85.8%$696.6M158M3.1
201816.26.1%$819.8M154M3.0
201918.06.3%$790.9M148M3.7
202018.56.4%$1.2B145M3.2
202120.86.8%$684.6M141M7.1
202223.77.3%$1.2B137M5.8
202321.47.9%$1.5B136M5.2
202421.07.9%$1.2B135M5.5
202522.47.4%$1.1B132M5.7
4.5 / 10Low MatchStockScorer score5 of 11 points

3 of 7 StockScorer Score rules met · How the score is built

CDW Corp mainly meets criteria in the Valuation category. Result from 18 strategies checked.

This stock · Profitability: 67%This stock · Growth: 0%This stock · Valuation: 100%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How CDW Corp's score is built

CDW Corp is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

3 of 7 rules met

5 of 11 points

  1. Free cash flow yield above the sector medianmet2 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector mediannot met0 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.not met0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does CDW Corp stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Growth Momentum (CAN SLIM principle)
  • Moat Quality
  • Dividend Aristocrats & Continuity
  • Balanced GARP
  • Mohanram G-Score: Growth Quality
  • PEG Strategy (inspired by Peter Lynch)
  • Altman Z-Score: Stress Test
  • Undervalued Stocks: Multi-Factor Check
  • Levermann Strategy (13 Criteria)
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Defensive: Low Volatility
  • High-Growth / Rule of 40

CDW Corp key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for CDW Corp.

MetricStockSector
P/E ratio19.435.1
P/B ratio8.05.5
Return on equity (ROE)40.9%14.6%
Equity ratio16.3%54.0%
Debt-to-equity (D/E)2.430.33
Dividend yield1.6%0.9%

Similar stocks in Technology

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
CDWCDW Corpthis page
BRBroadridge Financial Solutions IncMedium5.5
LDOSLeidos Holdings IncMedium5.5
FISFidelity National Information Services IncMedium5.5
CACICACI International Inclocked
JKHYJack Henry & Associates Inclocked

Frequently asked questions about CDW Corp stock

How does CDW Corp stock (CDW) score in the StockScorer model?
CDW Corp stock reaches a StockScorer score of 4.5 out of 10, which is a low match with the rule-based strategies. 3 out of 7 flagship profile rules are met.
What is CDW Corp's P/E ratio?
CDW Corp's P/E ratio is 19.4. The Technology sector median is 35.1.
What sector is CDW Corp in?
CDW Corp is assigned to the Technology sector. Its rank within the sector is 52.1 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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