CDW Corp
CDWOther · Large accelerated filer · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $22.42B | $21.00B | $21.38B | $23.75B | $20.82B | $18.47B |
| Operating income | $1.66B | $1.65B | $1.68B | $1.74B | $1.42B | $1.18B |
| Net income | $1.07B | $1.08B | $1.10B | $1.11B | $988.6M | $788.5M |
| Total assets | $16.03B | $14.68B | $13.28B | $13.13B | $13.20B | $9.34B |
| Total liabilities | — | — | — | — | — | — |
| Equity | $2.61B | $2.35B | $2.04B | $1.60B | $705.7M | $1.30B |
| EPS (diluted) | $8.08 | $7.97 | $8.10 | $8.13 | $7.04 | $5.45 |
| Shares out. | 132.5M | 134.2M | 135.6M | 134.9M | 141.0M | 142.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 7.4%
- Net margin
- 4.8%
- Return on equity
- 40.9%
- Return on assets
- 6.7%
- Return on capital (ROCE)
- 18.8%
- Liabilities / assets
- —
- Debt / equity
- —
- Book value / share
- $19.67
- Revenue growth (YoY)
- 6.8%
- Net income growth (YoY)
- −1.0%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −0.9%clean
- Piotroski F-Score
- 4/8mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 5 good- Operating margin is positive
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Vanguard Portfolio Management LlcPassive (13G)Apr 29, 2026
- Vanguard Capital Management LlcPassive (13G)Apr 29, 2026
- Vanguard Group IncPassive (13G)Mar 26, 2026
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Nelms David WDirector | May 27, 2026 | Buy | 18,000 | $111.43 |
| Leahy Christine AOfficer — See Remarks | May 18, 2026 | Buy | 4,830 | $103.39 |
| Tan HangOfficer — See Remarks | May 11, 2026 | Grant | 33,802 | $0.00 |
| Locy Peter ROfficer — See Remarks | May 11, 2026 | Grant | 1,950 | $0.00 |
| Nelms David WDirector | Apr 1, 2026 | Grant | 236 | $0.00 |
| Swedish JosephDirector | Apr 1, 2026 | Grant | 236 | $0.00 |
| Sanderson Katherine ElizabethOfficer — See Remarks | Mar 19, 2026 | Tax withholding | 8.22 | $120.74 |
| Sanderson Katherine ElizabethOfficer — See Remarks | Mar 16, 2026 | Tax withholding | 2,204.59 | $116.16 |
| Swedish JosephDirector | Mar 10, 2026 | Grant | 30.54 | $0.00 |
| Jones Marc EllisDirector | Mar 10, 2026 | Grant | 22.43 | $0.00 |
| Zarcone Donna FDirector | Mar 10, 2026 | Grant | 78.98 | $0.00 |
| Mehrotra SanjayDirector | Mar 10, 2026 | Grant | 19.08 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 8.8M | 2.9 | +25.1% |
| Apr 30, 2026 | 7.0M | 5.1 | +19.0% |
| Apr 15, 2026 | 5.9M | 4.1 | +15.8% |
| Mar 31, 2026 | 5.1M | 3.1 | +11.1% |
| Mar 13, 2026 | 4.6M | 3.0 | -9.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Amended charter or bylaws · Shareholder voteMay 26, 2026
- Regulation FD disclosure · Other material eventMay 13, 2026
- Results of operations · Other material eventMay 6, 2026
- Regulation FD disclosureMay 1, 2026
- Director / officer changeMar 27, 2026
- Results of operations · Other material eventFeb 4, 2026
- Entered a material agreement · Terminated a material agreement · New financial obligation · Director / officer changeDec 23, 2025
- Results of operations · Other material eventNov 4, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 4FORM 4May 29, 2026
- 8-KMay 26, 2026
- 4FORM 4May 19, 2026
- 4FORM 4May 13, 2026
- 4FORM 4May 13, 2026
- 8-KMay 13, 2026
- 3FORM 3May 6, 2026
- 10-QMay 6, 2026
- 8-KMay 6, 2026
- 8-KMay 1, 2026
- SCHEDULE 13GApr 29, 2026
- SCHEDULE 13GApr 29, 2026
- ARSApr 10, 2026
- DEFA14ADEFINITIVE ADDITIONAL PROXY SOLICITING MATERIALSApr 10, 2026
- DEF 14ADEFINITIVE PROXY STATEMENTApr 10, 2026
Event-driven situations (2)
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