CDW CDW Corp
Nasdaq, CIK 0001402057, fiscal year ends 12/31. Last price 165.11 on 2026-10-23, market value 20.6 billion dollars.
Machine-readable: CDW.json, CDW.md. Sections: Graham Defensive, Magic Formula, Momentum, Insider, Buffett Quality, Lynch GARP, Graham Enterprising, Piotroski F-Score, earnings record, insiders, filings and links.
| Philosophy | Score | Status | Current inputs as of | History used | Price | Verification | Rules |
|---|---|---|---|---|---|---|---|
| Graham Defensive | 49 | ok | 2025-12-31 stale: Revenue |
2013–2025 | 2026-10-23 | 14 verified, 21 unverified | method |
| Magic Formula | 94 | ok | 2026-03-31 stale: operating_income_q |
— | 2026-10-23 | — | method |
| Momentum | 49 | ok | 2026-10-23 | — | 2026-10-23 | — | method |
| Insider | 0 | ok | 2026-10-23 | — | — | — | method |
| Buffett Quality | 81 | ok | 2026-06-30 | 2016–2025 | 2026-10-23 | 0 verified, 48 unverified | method |
| Lynch GARP | 33 | ok | 2026-06-30 | 2020–2025 | 2026-10-23 | 0 verified, 6 unverified | method |
| Graham Enterprising | 40 | ok | 2026-06-30 | 2020–2025 | 2026-10-23 | 0 verified, 12 unverified | method |
| Piotroski F-Score | 56 | ok | — | 2024–2026 | — | 0 verified, 27 unverified | method |
Market value, source trail
| Input | Value | Unit | Period / date | Source |
|---|---|---|---|---|
| Traded price | 165.11 | USD per traded unit (share or ADS) | 2026-10-23 | Yahoo Finance |
| SEC shares outstanding | 125,017,426 | underlying shares | 2026-07-31 | SEC cover page 10-Q 0001402057-26-000065 (125,017,426 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/cdw-20260630.htm 0001402057-26-000065 |
| Depositary ratio | 1.0 | underlying shares per traded unit | domestic 10-K filer; SEC shares are the traded units | |
| Market value price date × latest reported shares | 20,641,627,207 | USD | 2026-10-23 shares at 2026-07-31 | 165.11 (price 2026-10-23) / 1 x 125,017,426 (shares at 2026-07-31) = 20,641,627,207 |
Graham Defensive
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| 1 Adequate size | 22.42 revenue $B | >= 1 | 5.0 / 5 |
| 2a Current ratio | 1.17 | >= 2.0 | 2.5 / 15 |
| 2b Long-term debt vs working capital | 3.47 LTD / WC | <= 1.0 | 0.0 / 15 |
| 3 Positive earnings each of 10 years | 10 of 10 | 10 of 10 | 15.0 / 15 |
| 4 Dividends every year for 20 years | 13 of 20 missing 2006, 2007, 2008, 2009, 2010, 2011, 2012 XBRL check: 13 years agree, 7 unverified | 20 of 20 | 9.75 / 15 |
| 5 EPS growth, 3-yr avg now vs 10 yrs ago | 2.11 -> 8.05 (+282%) | >= +33% | 10.0 / 10 |
| 6 P/E on 3-year average EPS | 20.5 | <= 15 | 6.7 / 15 |
| 7 P/B <= 1.5, or P/E x P/B <= 22.5 | P/B 8.45, product 173.4 | <= 1.5 or <= 22.5 | 0.0 / 10 |
Inputs, 37 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| Price (close, per traded unit) | 165.11 | 2026-10-23 | Alpaca Market Data (consolidated SIP daily bar) | not cross-checked |
| Revenue | 22424100000.0 | 2025-12-31 stale | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001402057-26-000011 | unverified |
| current_assets | 9680500000.0 | 2026-06-30 | SEC XBRL AssetsCurrent 0001402057-26-000065 | unverified |
| current_liabilities | 8296400000.0 | 2026-06-30 | SEC XBRL LiabilitiesCurrent 0001402057-26-000065 | unverified |
| lt_debt | 4808100000.0 | 2026-06-30 | SEC XBRL LongTermDebtNoncurrent 0001402057-26-000065 | unverified |
| equity | 2442100000.0 | 2026-06-30 | SEC XBRL StockholdersEquity 0001402057-26-000065 | unverified |
| Net income FY2016 | 425100000.0 | 2016-12-31 history | SEC XBRL NetIncomeLoss 0001402057-19-000046 | unverified |
| Net income FY2017 | 523100000.0 | 2017-12-31 history | SEC XBRL NetIncomeLoss 0001402057-20-000042 | unverified |
| Net income FY2018 | 643000000.0 | 2018-12-31 history | SEC XBRL NetIncomeLoss 0001402057-21-000022 | unverified |
| Net income FY2019 | 736800000.0 | 2019-12-31 history | SEC XBRL NetIncomeLoss 0001402057-22-000020 | unverified |
| Net income FY2020 | 788500000.0 | 2020-12-31 history | SEC XBRL NetIncomeLoss 0001402057-23-000052 | unverified |
| Net income FY2021 | 988600000.0 | 2021-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-24-000015 | unverified |
| Net income FY2022 | 1114500000.0 | 2022-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-25-000018 | unverified |
| Net income FY2023 | 1104300000.0 | 2023-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011 | unverified |
| Net income FY2024 | 1077800000.0 | 2024-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011 | unverified |
| Net income FY2025 | 1066600000.0 | 2025-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011 | unverified |
| Dividend years (Yahoo) | [2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] | history | Yahoo Finance dividend history | verified (partly: XBRL covers 13 of 20 years) |
| Dividends per share FY2013 (XBRL) | 0.0425 | 2013-12-31 history | SEC XBRL CommonStockDividendsPerShareDeclared 0001402057-15-000003 | verified |
| Dividends per share FY2014 (XBRL) | 0.195 | 2014-12-31 history | SEC XBRL CommonStockDividendsPerShareDeclared 0001402057-15-000003 | verified |
| Dividends per share FY2015 (XBRL) | 0.31 | 2015-12-31 history | SEC XBRL CommonStockDividendsPerShareCashPaid 0001402057-18-000038 | verified |
| Dividends per share FY2016 (XBRL) | 0.4825 | 2016-12-31 history | SEC XBRL CommonStockDividendsPerShareCashPaid 0001402057-19-000046 | verified |
| Dividends per share FY2017 (XBRL) | 0.69 | 2017-12-31 history | SEC XBRL CommonStockDividendsPerShareCashPaid 0001402057-20-000042 | verified |
| Dividends per share FY2018 (XBRL) | 0.925 | 2018-12-31 history | SEC XBRL CommonStockDividendsPerShareCashPaid 0001402057-21-000022 | verified |
| Dividends per share FY2019 (XBRL) | 1.265 | 2019-12-31 history | SEC XBRL CommonStockDividendsPerShareCashPaid 0001402057-22-000020 | verified |
| Dividends per share FY2020 (XBRL) | 1.54 | 2020-12-31 history | SEC XBRL CommonStockDividendsPerShareCashPaid 0001402057-23-000052 | verified |
| Dividends per share FY2021 (XBRL) | 1.7 | 2021-12-31 history | SEC XBRL CommonStockDividendsPerShareCashPaid 0001402057-24-000015 | verified |
| Dividends per share FY2022 (XBRL) | 2.09 | 2022-12-31 history | SEC XBRL CommonStockDividendsPerShareCashPaid 0001402057-25-000018 | verified |
| Dividends per share FY2023 (XBRL) | 2.39 | 2023-12-31 history | SEC XBRL CommonStockDividendsPerShareCashPaid 0001402057-26-000011 | verified |
| Dividends per share FY2024 (XBRL) | 2.485 | 2024-12-31 history | SEC XBRL CommonStockDividendsPerShareCashPaid 0001402057-26-000011 | verified |
| Dividends per share FY2025 (XBRL) | 2.505 | 2025-12-31 history | SEC XBRL CommonStockDividendsPerShareCashPaid 0001402057-26-000011 | verified |
| EPS diluted FY2014 | 1.42 | 2014-12-31 history | SEC XBRL EarningsPerShareDiluted 0001402057-17-000120 | unverified |
| EPS diluted FY2015 | 2.35 | 2015-12-31 history | SEC XBRL EarningsPerShareDiluted 0001402057-18-000038 | unverified |
| EPS diluted FY2016 | 2.56 | 2016-12-31 history | SEC XBRL EarningsPerShareDiluted 0001402057-19-000046 | unverified |
| EPS diluted FY2023 | 8.1 | 2023-12-31 history | SEC XBRL EarningsPerShareDiluted 0001402057-26-000011 | unverified |
| EPS diluted FY2024 | 7.97 | 2024-12-31 history | SEC XBRL EarningsPerShareDiluted 0001402057-26-000011 | unverified |
| EPS diluted FY2025 | 8.08 | 2025-12-31 history | SEC XBRL EarningsPerShareDiluted 0001402057-26-000011 | unverified |
| Shares outstanding | 125017426.0 | 2026-07-31 | SEC cover page 10-Q 0001402057-26-000065 (125,017,426 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/cdw-20260630.htm 0001402057-26-000065 | not cross-checked |
Magic Formula
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| Earnings yield (EBIT/EV) EBIT trailing twelve months; EV = market cap + debt (5,817,000,000) - cash | 6.43 % (rank 41) | ||
| Return on capital (EBIT/(NWC+PPE)) net working capital 1,384,100,000 used as reported | 108.29 % (rank 32) | ||
| Combined rank | 73 |
Inputs, 14 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| operating_income | 1655600000.0 | 2025-12-31 history | SEC XBRL OperatingIncomeLoss 0001402057-26-000011 | not cross-checked |
| operating_income_q | 376000000.0 | 2026-03-31 stale | SEC XBRL OperatingIncomeLoss (quarter CY2026Q1) 0001402057-26-000025 | not cross-checked |
| operating_income_q | 361400000.0 | 2025-03-31 history | SEC XBRL OperatingIncomeLoss (quarter CY2025Q1) 0001402057-26-000025 | not cross-checked |
| operating_income_q | 428600000.0 | 2026-06-30 | SEC XBRL OperatingIncomeLoss (quarter CY2026Q2) 0001402057-26-000065 | not cross-checked |
| operating_income_q | 420200000.0 | 2025-06-30 history | SEC XBRL OperatingIncomeLoss (quarter CY2025Q2) 0001402057-26-000065 | not cross-checked |
| current_assets | 9680500000.0 | 2026-06-30 | SEC XBRL AssetsCurrent 0001402057-26-000065 | not cross-checked |
| current_liabilities | 8296400000.0 | 2026-06-30 | SEC XBRL LiabilitiesCurrent 0001402057-26-000065 | not cross-checked |
| cash | 361800000.0 | 2026-06-30 | SEC XBRL CashAndCashEquivalentsAtCarryingValue 0001402057-26-000065 | not cross-checked |
| ppe_net | 166000000.0 | 2026-06-30 | SEC XBRL PropertyPlantAndEquipmentNet 0001402057-26-000065 | not cross-checked |
| lt_debt | 4808100000.0 | 2026-06-30 | SEC XBRL LongTermDebtNoncurrent 0001402057-26-000065 | not cross-checked |
| debt_lt_current | 1008900000.0 | 2026-06-30 | SEC XBRL LongTermDebtCurrent 0001402057-26-000065 | not cross-checked |
| shares_out | 125017426.0 | 2026-07-31 | SEC cover page 10-Q 0001402057-26-000065 (125,017,426 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/cdw-20260630.htm 0001402057-26-000065 | not cross-checked |
| Price (close) | 165.11 | 2026-10-23 | Yahoo Finance / Alpaca Market Data | not cross-checked |
| note | debt = LongTermDebtNoncurrent + LongTermDebtCurrent | not cross-checked |
Momentum
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| 12-1 month return | -5.9 % (percentile 31.0) | 15.5 / 50 | |
| 6 month return | 22.3 % (percentile 80.8) | 16.2 / 20 | |
| Price / 52-week high | 1.0 | 15.0 / 15 | |
| Volatility penalty (60d annualised) | 49.0 % | 2.0 / 15 |
Inputs, 1 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| Adjusted close series (14 months) | 165.11 | 2026-10-23 | Yahoo Finance / Alpaca Market Data daily history | not cross-checked |
Insider
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| Open-market buy value / market cap (percentile among buyers) | 0.0 bp | 0.0 / 35 | |
| Distinct buyers | 0 | 0.0 / 25 | |
| Buyer seniority | 0.0 | 0.0 / 20 | |
| Recency (half-life 30d) | 0.0 | 0.0 / 10 | |
| Sales penalty (excludes 10b5-1 plan sales) | 1.78 bp | -8.1 / 0 |
Inputs, 1 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| Form 4 S CONNELLY ELIZABETH H. 2026-08-07 | 3673765.9 | 2026-08-07 | SEC Form 4 (insider transactions data set) | not cross-checked |
Buffett Quality
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| 1 Average return on equity (net income / year-end equity) | 69.2% over 8 yrs | >= 15% | 25.0 / 25 |
| 2 Profitable every year | 10 of 10 | all years | 15.0 / 15 |
| 3 Net income growth, 3-yr average now vs start of window | +10.7% a year | >= +10% | 10.0 / 10 |
| 4 Borrowings / 3-yr average earnings (years to repay) LongTermDebtNoncurrent + LongTermDebtCurrent | 5.4 years | <= 4 | 9.9 / 15 |
| 5 Operating margin, 5-yr average | 7.4% | >= 20% | 0.0 / 10 |
| 6 Free cash flow / net income, 5-yr (operating cash flow minus capex) | 1.04 | >= 1.0 | 10.0 / 10 |
| 7 Owner-earnings yield (3-yr avg free cash flow / market cap) | 6.0% | >= 7% | 11.1 / 15 |
Inputs, 50 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| Price (close, per traded unit) | 165.11 | 2026-10-23 | Alpaca Market Data (consolidated SIP daily bar) | not cross-checked |
| Net income FY2018 | 643000000.0 | 2018-12-31 history | SEC XBRL NetIncomeLoss 0001402057-21-000022 | unverified |
| Equity at FY2018 end | 975200000.0 | 2018-12-31 history | SEC XBRL StockholdersEquity 0001402057-22-000020 | unverified |
| Net income FY2019 | 736800000.0 | 2019-12-31 history | SEC XBRL NetIncomeLoss 0001402057-22-000020 | unverified |
| Equity at FY2019 end | 960300000.0 | 2019-12-31 history | SEC XBRL StockholdersEquity 0001402057-23-000052 | unverified |
| Net income FY2020 | 788500000.0 | 2020-12-31 history | SEC XBRL NetIncomeLoss 0001402057-23-000052 | unverified |
| Equity at FY2020 end | 1297100000.0 | 2020-12-31 history | SEC XBRL StockholdersEquity 0001402057-24-000015 | unverified |
| Net income FY2021 | 988600000.0 | 2021-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-24-000015 | unverified |
| Equity at FY2021 end | 705700000.0 | 2021-12-31 history | SEC XBRL StockholdersEquity 0001402057-25-000018 | unverified |
| Net income FY2022 | 1114500000.0 | 2022-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-25-000018 | unverified |
| Equity at FY2022 end | 1603300000.0 | 2022-12-31 history | SEC XBRL StockholdersEquity 0001402057-26-000011 | unverified |
| Net income FY2023 | 1104300000.0 | 2023-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011 | unverified |
| Equity at FY2023 end | 2042500000.0 | 2023-12-31 history | SEC XBRL StockholdersEquity 0001402057-26-000011 | unverified |
| Net income FY2024 | 1077800000.0 | 2024-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011 | unverified |
| Equity at FY2024 end | 2352700000.0 | 2024-12-31 history | SEC XBRL StockholdersEquity 0001402057-26-000065 | unverified |
| Net income FY2025 | 1066600000.0 | 2025-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011 | unverified |
| Equity at FY2025 end | 2606100000.0 | 2025-12-31 history | SEC XBRL StockholdersEquity 0001402057-26-000065 | unverified |
| Net income FY2016 | 425100000.0 | 2016-12-31 history | SEC XBRL NetIncomeLoss 0001402057-19-000046 | unverified |
| Net income FY2017 | 523100000.0 | 2017-12-31 history | SEC XBRL NetIncomeLoss 0001402057-20-000042 | unverified |
| Net income FY2018 | 643000000.0 | 2018-12-31 history | SEC XBRL NetIncomeLoss 0001402057-21-000022 | unverified |
| Net income FY2019 | 736800000.0 | 2019-12-31 history | SEC XBRL NetIncomeLoss 0001402057-22-000020 | unverified |
| Net income FY2020 | 788500000.0 | 2020-12-31 history | SEC XBRL NetIncomeLoss 0001402057-23-000052 | unverified |
| Net income FY2021 | 988600000.0 | 2021-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-24-000015 | unverified |
| Net income FY2022 | 1114500000.0 | 2022-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-25-000018 | unverified |
| Net income FY2023 | 1104300000.0 | 2023-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011 | unverified |
| Net income FY2024 | 1077800000.0 | 2024-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011 | unverified |
| Net income FY2025 | 1066600000.0 | 2025-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011 | unverified |
| lt_debt | 4808100000.0 | 2026-06-30 | SEC XBRL LongTermDebtNoncurrent 0001402057-26-000065 | unverified |
| debt_lt_current | 1008900000.0 | 2026-06-30 | SEC XBRL LongTermDebtCurrent 0001402057-26-000065 | unverified |
| Operating income FY2021 | 1419000000.0 | 2021-12-31 history | SEC XBRL OperatingIncomeLoss 0001402057-24-000015 | unverified |
| Revenue FY2021 | 20820800000.0 | 2021-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001402057-24-000015 | unverified |
| Operating income FY2022 | 1735200000.0 | 2022-12-31 history | SEC XBRL OperatingIncomeLoss 0001402057-25-000018 | unverified |
| Revenue FY2022 | 23748700000.0 | 2022-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001402057-25-000018 | unverified |
| Operating income FY2023 | 1680900000.0 | 2023-12-31 history | SEC XBRL OperatingIncomeLoss 0001402057-26-000011 | unverified |
| Revenue FY2023 | 21376000000.0 | 2023-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001402057-26-000011 | unverified |
| Operating income FY2024 | 1651300000.0 | 2024-12-31 history | SEC XBRL OperatingIncomeLoss 0001402057-26-000011 | unverified |
| Revenue FY2024 | 20998700000.0 | 2024-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001402057-26-000011 | unverified |
| Operating income FY2025 | 1655600000.0 | 2025-12-31 history | SEC XBRL OperatingIncomeLoss 0001402057-26-000011 | unverified |
| Revenue FY2025 | 22424100000.0 | 2025-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001402057-26-000011 | unverified |
| Operating cash flow FY2021 | 784600000.0 | 2021-12-31 history | SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001402057-24-000015 | unverified |
| Capital expenditure FY2021 | 100000000.0 | 2021-12-31 history | SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001402057-24-000015 | unverified |
| Operating cash flow FY2022 | 1335900000.0 | 2022-12-31 history | SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001402057-25-000018 | unverified |
| Capital expenditure FY2022 | 127800000.0 | 2022-12-31 history | SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001402057-25-000018 | unverified |
| Operating cash flow FY2023 | 1598700000.0 | 2023-12-31 history | SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001402057-26-000011 | unverified |
| Capital expenditure FY2023 | 148200000.0 | 2023-12-31 history | SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001402057-26-000011 | unverified |
| Operating cash flow FY2024 | 1277300000.0 | 2024-12-31 history | SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001402057-26-000011 | unverified |
| Capital expenditure FY2024 | 122600000.0 | 2024-12-31 history | SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001402057-26-000011 | unverified |
| Operating cash flow FY2025 | 1205200000.0 | 2025-12-31 history | SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001402057-26-000011 | unverified |
| Capital expenditure FY2025 | 117100000.0 | 2025-12-31 history | SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001402057-26-000011 | unverified |
| Shares outstanding | 125017426.0 | 2026-07-31 | SEC cover page 10-Q 0001402057-26-000065 (125,017,426 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/cdw-20260630.htm 0001402057-26-000065 | not cross-checked |
Lynch GARP
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| 1 PEG: P/E divided by 5-yr EPS growth (in % points) | 2.49 | <= 1.0 | 0.0 / 30 |
| 2 EPS growth, 5-yr compound rate | +8.2% a year | 12% to 35% a year | 13.7 / 20 |
| 3 P/E on latest annual EPS | 20.4 | <= 25 | 10.0 / 10 |
| 4 Borrowings / equity LongTermDebtNoncurrent + LongTermDebtCurrent | 2.38 | <= 0.5 | 0.0 / 15 |
| 5 Years of the last 5 in which EPS rose | 3 of 5 | 5 of 5 | 9.0 / 15 |
| 6 Net cash (cash minus borrowings) / market cap | -26.4% | >= +10% | 0.0 / 10 |
Inputs, 7 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| Price (close, per traded unit) | 165.11 | 2026-10-23 | Alpaca Market Data (consolidated SIP daily bar) | not cross-checked |
| EPS diluted FY2025 | 8.08 | 2025-12-31 history | SEC XBRL EarningsPerShareDiluted 0001402057-26-000011 | unverified |
| EPS diluted FY2020 | 5.45 | 2020-12-31 history | SEC XBRL EarningsPerShareDiluted 0001402057-23-000052 | unverified |
| lt_debt | 4808100000.0 | 2026-06-30 | SEC XBRL LongTermDebtNoncurrent 0001402057-26-000065 | unverified |
| debt_lt_current | 1008900000.0 | 2026-06-30 | SEC XBRL LongTermDebtCurrent 0001402057-26-000065 | unverified |
| equity | 2442100000.0 | 2026-06-30 | SEC XBRL StockholdersEquity 0001402057-26-000065 | unverified |
| cash | 361800000.0 | 2026-06-30 | SEC XBRL CashAndCashEquivalentsAtCarryingValue 0001402057-26-000065 | unverified |
Graham Enterprising
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| 1 Current ratio | 1.17 | >= 1.5 | 5.0 / 15 |
| 2 Borrowings vs working capital LongTermDebtNoncurrent + LongTermDebtCurrent | 4.2 x | <= 1.1x | 0.0 / 15 |
| 3 No earnings deficit in the last 5 years | 5 of 5 profitable | 5 of 5 | 15.0 / 15 |
| 4 Pays a current dividend | yes | yes | 10.0 / 10 |
| 5 EPS higher than five years earlier | 5.45 -> 8.08 | higher | 10.0 / 10 |
| 6 Price / book value per share book value used because intangibles are not separated in the dataset (Graham uses net tangible assets) | 8.45 | <= 1.2 | 0.0 / 20 |
| 7 Price / net current asset value per share (current assets minus all liabilities) net current asset value not positive | — | <= 0.67 | 0.0 / 15 |
Inputs, 15 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| Price (close, per traded unit) | 165.11 | 2026-10-23 | Alpaca Market Data (consolidated SIP daily bar) | not cross-checked |
| current_assets | 9680500000.0 | 2026-06-30 | SEC XBRL AssetsCurrent 0001402057-26-000065 | unverified |
| current_liabilities | 8296400000.0 | 2026-06-30 | SEC XBRL LiabilitiesCurrent 0001402057-26-000065 | unverified |
| lt_debt | 4808100000.0 | 2026-06-30 | SEC XBRL LongTermDebtNoncurrent 0001402057-26-000065 | unverified |
| debt_lt_current | 1008900000.0 | 2026-06-30 | SEC XBRL LongTermDebtCurrent 0001402057-26-000065 | unverified |
| Net income FY2021 | 988600000.0 | 2021-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-24-000015 | unverified |
| Net income FY2022 | 1114500000.0 | 2022-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-25-000018 | unverified |
| Net income FY2023 | 1104300000.0 | 2023-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011 | unverified |
| Net income FY2024 | 1077800000.0 | 2024-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011 | unverified |
| Net income FY2025 | 1066600000.0 | 2025-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011 | unverified |
| Dividend years (Yahoo) | [2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] | history | Yahoo Finance dividend history | not cross-checked |
| EPS diluted FY2025 | 8.08 | 2025-12-31 history | SEC XBRL EarningsPerShareDiluted 0001402057-26-000011 | unverified |
| EPS diluted FY2020 | 5.45 | 2020-12-31 history | SEC XBRL EarningsPerShareDiluted 0001402057-23-000052 | unverified |
| equity | 2442100000.0 | 2026-06-30 | SEC XBRL StockholdersEquity 0001402057-26-000065 | unverified |
| Shares outstanding | 125017426.0 | 2026-07-31 | SEC cover page 10-Q 0001402057-26-000065 (125,017,426 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/cdw-20260630.htm 0001402057-26-000065 | not cross-checked |
Piotroski F-Score
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| 1 Return on assets is positive | 6.7% | pass = 1 | 11.11111111111111 / 11.11111111111111 |
| 2 Operating cash flow is positive | 1,205M | pass = 1 | 11.11111111111111 / 11.11111111111111 |
| 3 Return on assets improved on the prior year | 7.3% -> 6.7% | pass = 1 | 0.0 / 11.11111111111111 |
| 4 Operating cash flow exceeds net income (accruals) | 1,205M vs 1,067M | pass = 1 | 11.11111111111111 / 11.11111111111111 |
| 5 Long-term debt / assets fell | 38.2% -> 28.8% | pass = 1 | 11.11111111111111 / 11.11111111111111 |
| 6 Current ratio improved | 1.35 -> 1.18 | pass = 1 | 0.0 / 11.11111111111111 |
| 7 No new shares issued (share count did not rise) | 131M -> 125M | pass = 1 | 11.11111111111111 / 11.11111111111111 |
| 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry) | 7.9% -> 7.4% | pass = 1 | 0.0 / 11.11111111111111 |
| 9 Asset turnover (revenue / assets) improved | 1.43 -> 1.40 | pass = 1 | 0.0 / 11.11111111111111 |
Inputs, 27 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| net_income 2025-12-31 | 1066600000.0 | 2025-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011 | unverified |
| total_assets 2025-12-31 | 16028200000.0 | 2025-12-31 history | SEC XBRL Assets 0001402057-26-000065 | unverified |
| cfo 2025-12-31 | 1205200000.0 | 2025-12-31 history | SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001402057-26-000011 | unverified |
| net_income 2025-12-31 | 1066600000.0 | 2025-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011 | unverified |
| net_income 2024-12-31 | 1077800000.0 | 2024-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011 | unverified |
| total_assets 2025-12-31 | 16028200000.0 | 2025-12-31 history | SEC XBRL Assets 0001402057-26-000065 | unverified |
| total_assets 2024-12-31 | 14678400000.0 | 2024-12-31 history | SEC XBRL Assets 0001402057-26-000011 | unverified |
| cfo 2025-12-31 | 1205200000.0 | 2025-12-31 history | SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001402057-26-000011 | unverified |
| net_income 2025-12-31 | 1066600000.0 | 2025-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011 | unverified |
| lt_debt 2025-12-31 | 4622300000.0 | 2025-12-31 history | SEC XBRL LongTermDebtNoncurrent 0001402057-26-000065 | unverified |
| lt_debt 2024-12-31 | 5607000000.0 | 2024-12-31 history | SEC XBRL LongTermDebtNoncurrent 0001402057-26-000011 | unverified |
| total_assets 2025-12-31 | 16028200000.0 | 2025-12-31 history | SEC XBRL Assets 0001402057-26-000065 | unverified |
| total_assets 2024-12-31 | 14678400000.0 | 2024-12-31 history | SEC XBRL Assets 0001402057-26-000011 | unverified |
| current_assets 2025-12-31 | 8500500000.0 | 2025-12-31 history | SEC XBRL AssetsCurrent 0001402057-26-000065 | unverified |
| current_assets 2024-12-31 | 7373100000.0 | 2024-12-31 history | SEC XBRL AssetsCurrent 0001402057-26-000011 | unverified |
| current_liabilities 2025-12-31 | 7226100000.0 | 2025-12-31 history | SEC XBRL LiabilitiesCurrent 0001402057-26-000065 | unverified |
| current_liabilities 2024-12-31 | 5474400000.0 | 2024-12-31 history | SEC XBRL LiabilitiesCurrent 0001402057-26-000011 | unverified |
| shares_out 2026-07-31 | 125017426.0 | 2026-07-31 history | SEC XBRL EntityCommonStockSharesOutstanding 0001402057-26-000065 | unverified |
| shares_out 2025-08-01 | 131060745.0 | 2025-08-01 history | SEC XBRL EntityCommonStockSharesOutstanding 0001402057-25-000145 | unverified |
| operating_income 2025-12-31 | 1655600000.0 | 2025-12-31 history | SEC XBRL OperatingIncomeLoss 0001402057-26-000011 | unverified |
| operating_income 2024-12-31 | 1651300000.0 | 2024-12-31 history | SEC XBRL OperatingIncomeLoss 0001402057-26-000011 | unverified |
| revenue 2025-12-31 | 22424100000.0 | 2025-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001402057-26-000011 | unverified |
| revenue 2024-12-31 | 20998700000.0 | 2024-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001402057-26-000011 | unverified |
| revenue 2025-12-31 | 22424100000.0 | 2025-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001402057-26-000011 | unverified |
| revenue 2024-12-31 | 20998700000.0 | 2024-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001402057-26-000011 | unverified |
| total_assets 2025-12-31 | 16028200000.0 | 2025-12-31 history | SEC XBRL Assets 0001402057-26-000065 | unverified |
| total_assets 2024-12-31 | 14678400000.0 | 2024-12-31 history | SEC XBRL Assets 0001402057-26-000011 | unverified |
Earnings record
| FY | Ended | Revenue, $M | Net income, $M | EPS diluted | Dividend | Filing |
|---|---|---|---|---|---|---|
| 2013 | 2013-12-31 | 10,769 | 133 | 0.84 | paid | 0001402057-16-000057 |
| 2014 | 2014-12-31 | 12,074 | 245 | 1.42 | paid | 0001402057-17-000120 |
| 2015 | 2015-12-31 | 12,989 | 403 | 2.35 | paid | 0001402057-18-000038 |
| 2016 | 2016-12-31 | 13,673 | 425 | 2.56 | paid | 0001402057-19-000046 |
| 2017 | 2017-12-31 | 14,833 | 523 | 3.31 | paid | 0001402057-20-000042 |
| 2018 | 2018-12-31 | 16,240 | 643 | 4.19 | paid | 0001402057-21-000022 |
| 2019 | 2019-12-31 | 18,032 | 737 | 4.99 | paid | 0001402057-22-000020 |
| 2020 | 2020-12-31 | 18,468 | 788 | 5.45 | paid | 0001402057-23-000052 |
| 2021 | 2021-12-31 | 20,821 | 989 | 7.04 | paid | 0001402057-24-000015 |
| 2022 | 2022-12-31 | 23,749 | 1,114 | 8.13 | paid | 0001402057-25-000018 |
| 2023 | 2023-12-31 | 21,376 | 1,104 | 8.1 | paid | 0001402057-26-000011 |
| 2024 | 2024-12-31 | 20,999 | 1,078 | 7.97 | paid | 0001402057-26-000011 |
| 2025 | 2025-12-31 | 22,424 | 1,067 | 8.08 | paid | 0001402057-26-000011 |
Insider transactions
| Date | Insider | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 2026-08-07 | Connelly Elizabeth H. | officer | sale | 26,695 | 137.62 | 3,673,766 |
| 2026-05-27 | Nelms David W | director | buy | 18,000 | 111.43 | 2,005,740 |
| 2026-05-18 | Leahy Christine A | officer | buy | 4,830 | 103.40 | 499,422 |
Filings and links
- SEC: filing index, 8-K, Form 4, XBRL companyfacts
- Prices: Yahoo Finance, Stooq
- Elsewhere: morningstar, finviz, stockanalysis, seeking alpha, openinsider, google news