NASDAQ:CDW
CDW Corp
CDW Corp's revenue grew 6.8% in fiscal 2025 to $22.4B while operating margin fell to 7.4%. Free cash flow was $1.1B, 4.9% of revenue, and the diluted share count fell 2.3%.Summary generated from CDW Corp's SEC filings. Latest annual report filed Feb 20, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$22.4B
Revenue growth+6.8%
Revenue, 5-yr CAGR+4.0%
Gross margin21.7%
Operating margin7.4%
Net margin4.8%
ROIC16.2%
Return on equity43.0%
Debt / equity2.16
Free cash flow$1.1B
FCF margin4.9%
Share count change−2.3%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 20.8 | 23.7 | 21.4 | 21.0 | 22.4 |
| Operating income | 1.4 | 1.7 | 1.7 | 1.7 | 1.7 |
| Net income | 1.0 | 1.1 | 1.1 | 1.1 | 1.1 |
| Free cash flow | 0.7 | 1.2 | 1.5 | 1.2 | 1.1 |
Recent filings
- 4Insider transaction report
Oct 5, 2026 - 4Insider transaction report
Oct 5, 2026 - 8-KEntry into a material agreement
Sep 21, 2026 - 8-KEntry into a material agreement
Sep 15, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 5, 2026 - 8-KDirector or officer change
Aug 5, 2026 - 8-KResults of operations and financial condition
Aug 5, 2026 - 8-KAmendment to articles or bylaws
May 26, 2026