CDW Stock Insights

CDW price $162.66 +1.25 +0.77%

Ticker
CDW
Price
$162.66
Change
+1.25 +0.77%
Market cap ?
$20.34B
P/E ?
19.55
Forward P/E ?
14.81
Dividend yield ?
1.54%
Beta ?
0.94
Sector
Technology
Industry
Information Technology Services
Stocklytics score
44
Value
55
Quality
36
Growth
40

Stocklytics score rationale: value 55, quality 36, growth 40.

Financials

2016201720182019202020212022202320242025
13672700000148329000001624050000018032400000184675000002082080000023748700000213760000002099870000022424100000

CDW Corporation specializes in delivering comprehensive information technology services and products across North America and the United Kingdom. It strategically targets three core client divisions: corporate enterprises, small to medium-sized businesses, and public sector organizations. Their portfolio encompasses both individual hardware and software offerings, alongside sophisticated integrated IT solution…

Fair value

CDW fair value $258.22. Price $162.66. Price is 37% below fair value.

Below fair value, and cheaper than usual. A larger discount than on 91% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 1.11B. Growth 7.94%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 9.48% (beta 0.9). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 125.02M. Net debt 5.71B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare CDW

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2026-11-04—2.98—6.19B
2026-08-052.912.806.57B6.21B
2026-05-062.282.285.68B5.48B
2026-02-042.572.445.51B5.33B
2025-11-042.712.625.74B5.75B
2025-08-062.602.495.98B5.51B
2025-05-072.151.965.20B4.94B
2025-02-052.482.335.19B4.96B
2024-10-302.632.865.52B5.72B
2024-07-312.502.535.42B5.43B
2024-05-011.922.154.87B5.00B
2024-02-072.572.565.02B5.32B
2023-11-012.722.605.63B5.87B
2023-08-022.562.345.63B5.38B
2023-05-032.032.015.10B5.10B
2023-02-082.502.485.44B6.19B
2022-11-022.602.526.22B6.23B
2022-08-032.492.426.15B6.18B
2022-05-042.202.015.95B5.67B
2022-02-092.081.935.54B5.24B
2021-11-032.132.055.30B5.35B
2021-08-042.021.805.15B4.97B
2021-05-051.741.534.84B4.58B
2021-02-101.821.514.96B4.36B
2020-11-021.831.504.76B3.93B
2020-08-051.561.384.37B3.89B
2020-05-061.381.344.39B4.26B
2020-02-061.571.484.54B4.28B
2019-10-311.701.584.91B4.56B
2019-07-311.601.524.63B4.40B
2019-05-011.241.113.96B3.54B
2019-02-071.321.214.07B3.74B
2018-10-311.421.344.37B4.13B
2018-08-021.381.284.19B3.88B
2018-05-021.050.923.61B3.16B
2018-02-070.990.993.84B3.75B
2017-11-011.081.074.03B3.90B
2017-08-031.031.033.99B3.89B
2017-05-030.750.753.32B3.26B
2017-02-070.860.793.49B3.00B

Dividends

Yield 1.55%. Payout ratio 37.54%. Frequency Quarterly.

Safety score 95/100 · Safe. Payout ratio is 38% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 14 separate years. Yield is 1.5%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-08-25$0.632026-08-252026-09-10Quarterly
2026-05-22$0.632026-05-252026-06-10Quarterly
2026-02-25$0.632026-02-252026-03-10Quarterly
2025-11-25$0.632025-11-252025-12-10Quarterly
2025-08-25$0.622025-08-252025-09-10Quarterly
2025-05-23$0.622025-05-262025-06-10Quarterly
2025-02-25$0.622025-02-252025-03-11Quarterly
2024-11-25$0.622024-11-252024-12-10Quarterly
2024-08-26$0.622024-08-262024-09-10Quarterly
2024-05-23$0.622024-05-242024-06-11Quarterly
2024-02-23$0.622024-02-262024-03-12Quarterly
2023-11-22$0.622023-11-242023-12-12Quarterly
2023-08-24$0.592023-08-252023-09-12Quarterly
2023-05-24$0.592023-05-252023-06-13Quarterly
2023-02-23$0.592023-02-242023-03-10Quarterly
2022-11-23$0.592022-11-252022-12-09Quarterly
2022-08-24$0.502022-08-252022-09-09Quarterly
2022-05-24$0.502022-05-252022-06-10Quarterly
2022-02-24$0.502022-02-252022-03-10Quarterly
2021-11-23$0.502021-11-242021-12-10Quarterly
2021-08-24$0.402021-08-252021-09-10Quarterly
2021-05-24$0.402021-05-252021-06-10Quarterly
2021-02-24$0.402021-02-252021-03-10Quarterly
2020-11-24$0.402020-11-252020-12-10Quarterly
2020-08-24$0.382020-08-252020-09-10Quarterly
2020-05-21$0.382020-05-252020-06-10Quarterly
2020-02-24$0.382020-02-252020-03-10Quarterly
2019-11-22$0.382019-11-252019-12-10Quarterly
2019-08-23$0.292019-08-262019-09-10Quarterly
2019-05-23$0.292019-05-242019-06-11Quarterly
2019-02-22$0.292019-02-252019-03-12Quarterly
2018-11-23$0.292018-11-262018-12-10Quarterly
2018-08-23$0.212018-08-242018-09-10Quarterly
2018-05-24$0.212018-05-252018-06-11Quarterly
2018-02-23$0.212018-02-262018-03-12Quarterly
2017-11-22$0.212017-11-242017-12-11Quarterly
2017-08-23$0.162017-08-252017-09-11Quarterly
2017-05-23$0.162017-05-252017-06-12Quarterly
2017-02-22$0.162017-02-242017-03-10Quarterly
2016-11-22$0.162016-11-252016-12-12Quarterly
2016-08-23$0.112016-08-252016-09-12Quarterly
2016-05-23$0.112016-05-252016-06-10Quarterly
2016-02-23$0.112016-02-252016-03-10Quarterly
2015-11-23$0.112015-11-252015-12-10Quarterly
2015-08-21$0.072015-08-252015-09-10Quarterly
2015-05-21$0.072015-05-262015-06-10Quarterly
2015-02-23$0.072015-02-252015-03-10Quarterly
2014-11-21$0.072014-11-252014-12-10Quarterly
2014-08-21$0.042014-08-252014-09-10Quarterly
2014-05-22$0.042014-05-272014-06-10Quarterly
2014-02-21$0.042014-02-252014-03-10Quarterly
2013-11-13$0.042013-11-152013-12-02Special

Insider trades

DateInsiderActionSharesPriceValue
2026-10-15Balaji SarangaBuy504——
2026-10-15Balaji SarangaOther0——
2026-10-01NELMS DAVID WBuy258——
2026-10-01Swedish JosephBuy212——
2026-09-24Sanderson Katherine ElizabethSell232$153.7435.64K
2026-09-10Jones Marc EllisBuy20$142.602.84K
2026-09-10NELMS DAVID WBuy148$142.6021.05K
2026-09-10Kumar MukeshBuy192$142.6027.42K
2026-09-10ADDICOTT VIRGINIA C.Buy82$142.6011.71K
2026-09-10Sanderson Katherine ElizabethBuy243$142.6034.66K
2026-09-10KULEVICH FREDERICK J.Buy185$142.6026.33K
2026-09-10CLARIZIO LYNDA MBuy7$142.601.02K
2026-09-10TAN HANGBuy213$142.6030.35K
2026-09-10Foxx Anthony RBuy30$142.604.24K
2026-09-10MIRALLES ALBERT JOSEPH JRBuy299$142.6042.68K
2026-09-10LOCY PETER RBuy29$142.604.20K
2026-09-10LEAHY CHRISTINE ABuy825$142.60117.69K
2026-09-10Swedish JosephBuy29$142.604.15K
2026-09-10Grier Kelly JBuy7$142.601.02K
2026-09-10CONNELLY ELIZABETH H.Buy238$142.6033.92K
2026-09-10BELL JAMES ABuy96$142.6013.65K
2026-08-17Kumar MukeshSell1.15K$139.42159.96K
2026-08-07CONNELLY ELIZABETH H.Buy14.90K$98.211.46M
2026-08-07CONNELLY ELIZABETH H.Buy11.79K$95.571.13M
2026-08-07CONNELLY ELIZABETH H.Sell26.70K$137.623.67M
2026-08-07CONNELLY ELIZABETH H.Sell11.79K$95.571.13M
2026-08-07CONNELLY ELIZABETH H.Sell14.90K$98.211.46M
2026-07-01NELMS DAVID WBuy229——
2026-07-01Swedish JosephBuy208——
2026-06-10Jones Marc EllisBuy22$129.302.83K
2026-06-10TAN HANGBuy165$129.3021.29K
2026-06-10CLARIZIO LYNDA MBuy8$129.301.02K
2026-06-10LEAHY CHRISTINE ABuy298$129.3038.59K
2026-06-10Kumar MukeshBuy105$129.3013.59K
2026-06-10LOCY PETER RBuy19$129.302.40K
2026-06-10ADDICOTT VIRGINIA C.Buy90$129.3011.66K
2026-06-10KULEVICH FREDERICK J.Buy65$129.308.44K
2026-06-10MIRALLES ALBERT JOSEPH JRBuy108$129.3013.99K
2026-06-10BELL JAMES ABuy105$129.3013.58K
2026-06-10Swedish JosephBuy31$129.304.00K
2026-06-10Grier Kelly JBuy8$129.301.02K
2026-06-10NELMS DAVID WBuy161$129.3020.80K
2026-06-10Sanderson Katherine ElizabethBuy65$129.308.44K
2026-06-10CONNELLY ELIZABETH H.Buy88$129.3011.43K
2026-06-10Foxx Anthony RBuy33$129.304.22K
2026-05-27NELMS DAVID WBuy18.00K$111.432.01M
2026-05-18LEAHY CHRISTINE ABuy4.83K$103.39499.40K
2026-05-11TAN HANGBuy33.80K——
2026-05-11LOCY PETER RBuy1.95K——
2026-04-27TAN HANGOther0——
2026-04-01NELMS DAVID WBuy236——
2026-04-01Swedish JosephBuy236——
2026-03-19Sanderson Katherine ElizabethSell8$120.74992
2026-03-16Sanderson Katherine ElizabethSell2.20K$116.16256.09K
2026-03-12KULEVICH FREDERICK J.Sell1.17K$118.91139.56K
2026-03-12LEAHY CHRISTINE ASell4.87K$118.91579.39K
2026-03-12LOCY PETER RSell112$118.9113.33K
2026-03-12MIRALLES ALBERT JOSEPH JRSell2.04K$118.91242.12K
2026-03-12Sanderson Katherine ElizabethSell645$118.9176.66K
2026-03-12CONNELLY ELIZABETH H.Sell1.37K$118.91163.25K
2026-03-10Swedish JosephBuy31——
2026-03-10Jones Marc EllisBuy22——
2026-03-10ZARCONE DONNA FBuy79——
2026-03-10MEHROTRA SANJAYBuy19——
2026-03-10NELMS DAVID WBuy164——
2026-03-10Grier Kelly JBuy14——
2026-03-10KULEVICH FREDERICK J.Buy81——
2026-03-10LEAHY CHRISTINE ABuy364——
2026-03-10LOCY PETER RBuy11——
2026-03-10MIRALLES ALBERT JOSEPH JRBuy134——
2026-03-10Sanderson Katherine ElizabethBuy105——
2026-03-10Foxx Anthony RBuy33——
2026-03-10CONNELLY ELIZABETH H.Buy107——
2026-03-10CLARIZIO LYNDA MBuy14——
2026-03-10BELL JAMES ABuy113——
2026-03-10ADDICOTT VIRGINIA C.Buy92——
2026-03-10Kumar MukeshBuy108——
2026-03-05MEHROTRA SANJAYBuy1.61K——
2026-03-05ADDICOTT VIRGINIA C.Buy1.61K——
2026-03-05ZARCONE DONNA FBuy1.61K——
2026-03-05Grier Kelly JBuy1.61K——
2026-03-05NELMS DAVID WBuy1.61K——
2026-03-05Swedish JosephBuy1.61K——
2026-03-05Foxx Anthony RBuy1.61K——
2026-03-05BELL JAMES ABuy402——
2026-03-05BELL JAMES ABuy1.61K——
2026-03-05CLARIZIO LYNDA MBuy1.61K——
2026-03-05CONNELLY ELIZABETH H.Buy11.88K——
2026-03-05KULEVICH FREDERICK J.Buy8.26K——
2026-03-05MIRALLES ALBERT JOSEPH JRBuy13.70K——
2026-03-05Sanderson Katherine ElizabethBuy7.80K——
2026-03-05Kumar MukeshBuy11.02K——
2026-03-05Jones Marc EllisBuy1.61K——
2026-03-05LEAHY CHRISTINE ABuy40.03K——
2026-03-05LOCY PETER RBuy660——
2026-02-13KULEVICH FREDERICK J.Buy2.81K——
2026-02-13KULEVICH FREDERICK J.Sell1.30K$126.86164.49K
2026-02-13MIRALLES ALBERT JOSEPH JRBuy4.18K——
2026-02-13MIRALLES ALBERT JOSEPH JRSell1.89K$126.86240.32K
2026-02-13CONNELLY ELIZABETH H.Buy2.09K——

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 783, holders +9 vs prior quarter. Ownership 106.80%.

HolderSharesChangeChange %Value
BLACKROCK, INC.15.24M517.77K+3.52%2.14B
VANGUARD CAPITAL MANAGEMENT LLC8.34M-79.24K-0.94%1.17B
VANGUARD PORTFOLIO MANAGEMENT LLC8.20M14.23K+0.17%1.15B
STATE STREET CORP5.78M48.49K+0.85%812.86M
HARRIS ASSOCIATES L P5.54M160.39K+2.98%779.63M
BOSTON PARTNERS5.26M1.32M+33.56%739.29M
GEODE CAPITAL MANAGEMENT, LLC3.89M101.65K+2.68%547.51M
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC3.78M1.75M+86.32%531.28M
INVESCO LTD.3.76M1.10M+41.18%528.60M
MORGAN STANLEY3.57M575.53K+19.21%502.39M
JPMORGAN CHASE & CO3.36M155.35K+4.84%470.09M
ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC3.12M583.44K+22.99%432.06M
PZENA INVESTMENT MANAGEMENT LLC2.64M1.52M+136.56%371.13M
JUPITER TOPCO LLC2.13M2.13MNew300.07M
LONGVIEW PARTNERS (GUERNSEY) LTD1.87M-434.75K-18.88%262.68M
ALYESKA INVESTMENT GROUP, L.P.1.85M1.23M+197.06%260.88M
BANK OF AMERICA CORP /DE/1.81M554.35K+44.02%255.06M
PRICE T ROWE ASSOCIATES INC /MD/1.76M251.98K+16.67%248.03M
FMR LLC1.55M258.01K+19.94%218.22M
FIDUCIARY MANAGEMENT INC /WI/1.39M-49.55K-3.43%196.02M
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC1.35M39.04K+2.98%189.69M
FIL LTD1.35M-79.83K-5.59%189.50M
VICTORY CAPITAL MANAGEMENT INC1.34M-663.97K-33.19%188.00M
NORTHERN TRUST CORP1.23M-25.25K-2.01%173.27M
AQR CAPITAL MANAGEMENT LLC1.23M71.31K+6.17%171.01M

Insights

Revenue by product
PeriodValue
FY2012Corporate Segment: Private Sector Business: 5512800000.0, Other Segments: 592400000.0, Public Segment: Government Agencies, Education and Healthcare: 4023000000.0
FY2013Corporate Segment: Private Sector Business: 5960100000.0, Other Segments: 644000000.0, Public Segment: Government Agencies, Education and Healthcare: 4164500000.0
FY2014Corporate Segment: Private Sector Business: 6475500000.0, Other Segments: 719600000.0, Public Segment: Government Agencies, Education and Healthcare: 5763600000.0
FY2015Corporate Segment: Private Sector Business: 6816400000.0, Other Segments: 1046800000.0, Public Segment: Government Agencies, Education and Healthcare: 5125500000.0
FY2016Corporate Segment: Private Sector Business: 7029900000.0, Other Segments: 1362600000.0, Public Segment: Government Agencies, Education and Healthcare: 5589400000.0
FY2017Other Products and Services: 98200000.0, Services: 611300000.0, Software Products: 2540100000.0, Total Hardware: 11941900000.0
FY2018Other Products and Services: 113800000.0, Services: 697300000.0, Software Products: 2347000000.0, Total Hardware: 13082400000.0
FY2019Other Products and Services: 124400000.0, Services: 907600000.0, Software Products: 2637200000.0, Total Hardware: 14363200000.0
FY2020Other Products and Services: 139200000.0, Services: 913900000.0, Software Products: 2581000000.0, Total Hardware: 14833400000.0
FY2021Other Products and Services: 122700000.0, Services: 1126100000.0, Software Products: 2802400000.0, Total Hardware: 16769600000.0
FY2022Other Segments: 130800000.0, Services: 1842000000.0, Software Products: 3684900000.0, Total Hardware: 18091000000.0
FY2023Other Products and Services: 112800000.0, Services: 1761300000.0, Software Products: 3799300000.0, Total Hardware: 15702600000.0
FY2024Other Products and Services: 107900000.0, Services: 1867300000.0, Software Products: 3804400000.0, Total Hardware: 15219100000.0
FY2025Other Segments: 114800000.0, Services: 2035700000.0, Software Products: 4203000000.0, Total Hardware: 16070600000.0
Revenue by region
PeriodValue
FY2018Non-US: 1860900000.0, UNITED STATES: 14379600000.0
FY2019Non-US: 2139100000.0, UNITED STATES: 15893300000.0
FY2020Non-US: 2088300000.0, UNITED STATES: 16379200000.0
FY2021Non-US: 2582000000.0, UNITED STATES: 18238800000.0
FY2022Non-US: 2920100000.0, UNITED STATES: 20828600000.0
FY2023Non-US: 2621100000.0, UNITED STATES: 18754900000.0
FY2024Non-US: 2541800000.0, UNITED STATES: 18456900000.0
FY2025Non-US: 2802900000.0

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CDW Stock Insights

CDW$162.66+1.25 +0.77%

$20.34B

Market Cap

19.55

P/E

14.81

Forward P/E

44

Score

Price History