CDW Stock Analysis: CDW | NASDAQ
Information Technology Services | NASDAQ, USA | Market Cap: 19.802m USD | 12M Return: 20.6% | US12514G1085 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 264M
EPS Trend: 79.1%
Qual. Beats: 1
Rev. Trend: 89.1%
Qual. Beats: 3
Warnings
No concerns identified
Tailwinds
Seasonality 11.9 years of data
Typical move per month (median of past years, trend removed). Below: trust score, 0 = chance, ≥40 worth a closer look, ≥60 strong. Only months with trust ≥40 are fully colored.
CDW Corporation (NASDAQ: CDW) is a large-cap information technology solutions provider headquartered in Vernon Hills, Illinois. Founded in 1984 and public since 1993, the company operates in the United States, the United Kingdom, and Canada, and is classified within the Information Technology sector as a Technology Distributor. As a value-added reseller, CDW combines third-party hardware and software from a broad ecosystem of vendors with its own services to deliver integrated solutions rather than acting purely as a pass-through wholesaler.
The company organizes its business into three reporting segments: Commercial, Government, and Education. It sells a wide range of discrete hardware (notebooks, mobile devices, tablets, desktops, servers, storage, and networking equipment) and software (cloud, security, virtualization, productivity, and operating systems), and bundles these into integrated solutions spanning hybrid infrastructure, digital experience, and security. CDW also offers advisory, design, implementation, managed services, and warranty support, serving business, government, education, and healthcare customers.
- Commercial segment growth driven by hybrid cloud demand
- Government vertical benefits from sustained federal IT spending
- Education budget cycles create revenue concentration risk
| Net Income: 1.10b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -0.60 > 1.0 |
| NWC/Revenue: 9.70% < 20% (prev 9.88%; Δ -0.18% < -1%) |
| CFO/TA 0.05 > 3% & CFO 1.05b > Net Income 1.10b |
| Net Debt (5.88b) to EBITDA (2.02b): 2.91 < 3 |
| Current Ratio: 1.26 > 1.5 & < 3 |
| Outstanding Shares: last quarter (125.7m) vs 12m ago -4.63% < -2% |
| Gross Margin: 21.00% > 18% (prev 21.60%; Δ -0.60% > 0.5%) |
| Asset Turnover: 141.0% > 50% (prev 145.4%; Δ -4.45% > 0%) |
| Interest Coverage Ratio: 7.19 > 6 (EBIT TTM 1.73b / Interest Expense TTM 239.9m) |
| A: 0.12 (Total Current Assets 11.4b - Total Current Liabilities 8.98b) / Total Assets 19.6b |
| B: -0.07 (Retained Earnings -1.37b / Total Assets 19.6b) |
| C: 0.10 (EBIT TTM 1.73b / Avg Total Assets 17.4b) |
| D: 0.16 (Book Value of Equity 2.64b / Total Liabilities 17.0b) |
| Altman-Z'' = 1.40 = BB |
| DSRI: 1.16 (Receivables 8.36b/6.51b, Revenue 24.5b/22.1b) |
| GMI: 1.03 (GM 21.60% / 21.00%) |
| AQI: 0.86 (AQ_t 0.41 / AQ_t-1 0.47) |
| SGI: 1.11 (Revenue 24.5b / 22.1b) |
| TATA: 0.00 (NI 1.10b - CFO 1.05b) / TA 19.6b) |
| Beneish M = -2.87 (Cap -4..+1) = A |
As of November 11, 2026, the stock is trading at USD 169.36 with a total of 1,493,694 shares traded. Over the past week, the price has changed by +13.08%, over one month by +17.81%, over three months by +24.73% and over the past year by +20.58%.
Current recommended Stop Loss: 148.00 (which is 12.6% or 2.6 ATR below the current price).
CDW has received a consensus analysts rating of 4.20. Therefore, it is recommended to buy CDW.
- StrongBuy: 5
- Buy: 2
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 159.1 | -6.1% |
P/E Trailing = 19.7002
P/E Forward = 15.1515
P/S = 0.8076
P/B = 7.6671
P/EG = 1.3345
Revenue TTM = 24.5b USD
EBIT TTM = 1.73b USD
EBITDA TTM = 2.02b USD
Long Term Debt = 4.62b USD (from longTermDebt, last fiscal year)
Short Term Debt = 1.01b USD (from shortTermDebt, last quarter)
Debt = 7.41b USD (from shortLongTermDebtTotal, last quarter) + Leases 147.3m
Net Debt = 5.88b USD (calculated: Debt 7.41b - CCE 1.54b)
Enterprise Value = 25.7b USD (19.8b + Debt 7.41b - CCE 1.54b)
Interest Coverage Ratio = 7.19 (Ebit TTM 1.73b / Interest Expense TTM 239.9m)
EV/FCF = 21.72x (Enterprise Value 25.7b / FCF TTM 1.18b)
FCF Yield = 4.60% (FCF TTM 1.18b / Enterprise Value 25.7b)
FCF Margin = 4.82% (FCF TTM 1.18b / Revenue TTM 24.5b)
Net Margin = 4.48% (Net Income TTM 1.10b / Revenue TTM 24.5b)
Gross Margin = 21.00% ((Revenue TTM 24.5b - Cost of Revenue TTM 19.4b) / Revenue TTM)
Gross Margin QoQ = 20.51% (prev 20.08%)
Tobins Q-Ratio = 1.31 (Enterprise Value 25.7b / Total Assets 19.6b)
Interest Expense / Debt = 3.24% (Interest Expense 239.9m / Debt 7.41b)
Taxrate = 25.98% (385.8m / 1.48b)
NOPAT = 1.28b (EBIT 1.73b * (1 - 25.98%))
Current Ratio = 1.26 (Total Current Assets 11.4b / Total Current Liabilities 8.98b)
Debt / Equity = 2.81 (Debt 7.41b / totalStockholderEquity, last quarter 2.64b)
Debt / EBITDA = 2.91 (Net Debt 5.88b / EBITDA 2.02b)
Debt / FCF = 4.97 (Net Debt 5.88b / FCF TTM 1.18b)
Total Stockholder Equity = 2.56b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.32% (Net Income 1.10b / Total Assets 19.6b)
RoE = 42.94% (Net Income TTM 1.10b / Total Stockholder Equity 2.56b)
RoCE = 24.03% (EBIT 1.73b / Capital Employed (Equity 2.56b + L.T.Debt 4.62b))
RoIC = 12.30% (NOPAT 1.28b / Invested Capital 10.4b)
WACC = 6.25% (E(19.8b)/V(27.2b) * Re(7.70%) + D(7.41b)/V(27.2b) * Rd(3.24%) * (1-Tc(0.26)))
Discount Rate = 7.70% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -98.10 | Cagr: -3.31%
[DCF] Terminal Value 77.97% ; FCFF base≈1.11b ; Y1≈1.28b ; Y5≈1.88b
[DCF] Fair Price = 179.0 (EV 28.3b - Net Debt 5.88b = Equity 22.4b / Shares 125.0m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 79.12 | EPS CAGR: 2.80% | SUE: 2.46 | # QB: 1
Revenue Correlation: 89.12 | Revenue CAGR: 5.21% | SUE: 2.69 | # QB: 3
EPS current Quarter (2027-03-31): EPS=2.54 | Chg30d=+0.61% | Revisions=+40% | Analysts=10
EPS current Year (2026-12-31): EPS=10.98 | Chg30d=+0.20% | Revisions=+40% | GrowthEPS=+9.6% | GrowthRev=+8.4%
EPS next Year (2027-12-31): EPS=12.06 | Chg30d=+0.41% | Revisions=+40% | GrowthEPS=+9.9% | GrowthRev=+3.9%
[Analyst] Revisions Ratio: +67% (up=6, down=0)