To the full analysis
CDW stock: growth
CDWCDW reported $22.42B in revenue for fiscal 2025, up 6.8% on the prior year, up 4% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
6.9%
per year from 2005 to 2025, per share 4.2%
Earnings (Annual rate)
7.5%
per year from 2005 to 2025, per share 4.8%
Free cash flow (Annual rate)
7.9%
per year from 2005 to 2025, per share 5.2%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2005 | |
|---|---|---|---|
| Revenue | 4.0% | 5.6% | 6.9% |
| Revenue per share | 5.7% | 8.4% | 4.2% |
| Earnings | 6.2% | 10.2% | 7.5% |
| Earnings per share | 8.0% | 13.1% | 4.8% |
| Free cash flow | −1.2% | 19.2% | 7.9% |
| Free cash flow per share | 0.4% | 22.4% | 5.2% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2005 | $6.29B | $272.09M | $254.6M |
| 2006 | $6.79B | $266.08M | $131.15M |
| 2008 | $8.07B | −$1.77B | $133.1M |
| 2009 | $7.16B | −$373.4M | $92M |
| 2010 | $8.8B | −$29.2M | $382.2M |
| 2011 | $9.6B | $17.1M | $169M |
| 2012 | $10.13B | $119M | $276M |
| 2013 | $10.77B | $132.8M | $319.2M |
| 2014 | $12.07B | $244.9M | $380M |
| 2015 | $12.99B | $403.1M | $187.4M |
| 2016 | $13.67B | $425.1M | $540.5M |
| 2017 | $14.83B | $523.1M | $696.6M |
| 2018 | $16.24B | $643M | $819.8M |
| 2019 | $18.03B | $736.8M | $790.9M |
| 2020 | $18.47B | $788.5M | $1.16B |
| 2021 | $20.82B | $988.6M | $684.6M |
| 2022 | $23.75B | $1.11B | $1.21B |
| 2023 | $21.38B | $1.1B | $1.45B |
| 2024 | $21B | $1.08B | $1.15B |
| 2025 | $22.42B | $1.07B | $1.09B |
Revenue by segment
How CDW Corporation makes its money and how that has shifted. Names are as the company reports them.
- Total Hardware72%
- Software Products19%
- Services9%
Figures as a table
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Hardware | $11.94B | $13.08B | $14.36B | $14.83B | $16.77B | $18.09B | $15.7B | $15.22B | $16.07B | 71.7% |
| Software Products | $2.54B | $2.35B | $2.64B | $2.58B | $2.8B | $3.68B | $3.8B | $3.8B | $4.2B | 18.7% |
| Services | $611.3M | $697.3M | $907.6M | $913.9M | $1.13B | $1.84B | $1.76B | $1.87B | $2.04B | 9.1% |
| Total revenue | $14.83B | $16.24B | $18.03B | $18.47B | $20.82B | $23.75B | $21.38B | $21B | $22.42B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 5 Nov 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.