CDW NASDAQ
CDW Corporation
1W: +6.9%
1M: +20.5%
3M: +13.3%
YTD: +23.2%
1Y: +3.5%
3Y: -17.1%
5Y: -7.6%
$161.41
-1.82 (-1.11%)
After Hours: $162.81 (+1.41, +0.87%)
Weekly Expected Move ±5.6%
$147
$156
$165
$174
$184
Credit Risk of going bust: higher than 56% of companies Debt: 22.6% of company value Bonds: $155.6M held by 278 funds, 100 bp over Treasuries → details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $4.95 (down 97%), CDW Corporation would be worth roughly what it owes.
Total debt $5.96B against a stock market value of $20.41B.
Distance to default 4.61 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $3.41B (short-term plus half of long-term), stock volatility 47.7%; Altman Z'' 1.03. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $4.95 (down 97%), CDW Corporation would be worth roughly what it owes.
Total debt $5.96B against a stock market value of $20.41B.
Distance to default 4.61 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $3.41B (short-term plus half of long-term), stock volatility 47.7%; Altman Z'' 1.03. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Revenue by Segment (5-Year Trend)
Income Trends
Revenue
$22.4B
+6.8% ▲
5Y CAGR: +4.0%
Gross Profit
$4.9B
+5.9% ▲
5Y CAGR: +8.7%
Operating Income
$1.7B
+0.3% ▲
5Y CAGR: +7.0%
Net Income
$1.1B
-1.0% ▼
5Y CAGR: +6.2%
EPS (Diluted)
$8.08
+1.4% ▲
5Y CAGR: +8.2%
EBITDA
$2.0B
+1.3% ▲
5Y CAGR: +4.3%
Profit Margins
Year-over-Year Growth
View Full Income Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $20.8B | $23.7B | $21.4B | $21.0B | $22.4B |
| YoY Growth | +12.7% | +14.1% | -10.0% | -1.8% | +6.8% |
| Cost of Revenue | $17.3B | $19.1B | $16.7B | $16.4B | $17.6B |
| Gross Profit | $3.6B | $4.7B | $4.7B | $4.6B | $4.9B |
| Gross Margin | 17.1% | 19.7% | 21.8% | 21.9% | 21.7% |
| R&D Expenses | $0 | $0 | $0 | $0 | $0 |
| SG&A Expenses | $2.1B | $3.0B | $3.0B | $2.9B | $3.2B |
| Operating Expenses | $2.1B | $3.0B | $3.0B | $3.0B | $3.2B |
| Operating Income | $1.4B | $1.7B | $1.7B | $1.7B | $1.7B |
| Operating Margin | 6.8% | 7.3% | 7.9% | 7.9% | 7.4% |
| Interest Expense | $151M | $236M | $227M | $214M | $227M |
| Income Before Tax | $1.3B | $1.5B | $1.5B | $1.4B | $1.4B |
| Tax Expense | $309M | $373M | $346M | $358M | $361M |
| Net Income | $989M | $1.1B | $1.1B | $1.1B | $1.1B |
| Net Margin | 4.7% | 4.7% | 5.2% | 5.1% | 4.8% |
| EPS (Diluted) | $7.04 | $8.14 | $8.10 | $7.97 | $8.08 |
| EBITDA | $1.6B | $2.0B | $1.9B | $1.9B | $2.0B |
| Shares Outstanding | 140M | 137M | 136M | 135M | 132M |