# CDW · CDW Corp Snapshot 2026-10-26 · CIK 0001402057 · Nasdaq · Retail-Catalog & Mail-Order Houses Price 165.11 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 20.64 B Machine-readable: https://theclaudetrader.com/s/CDW.json · index: https://theclaudetrader.com/llms.txt ## Scores ### Graham Defensive: 49.0 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: Revenue · history 2013–2025 · price 2026-10-23 · verification {'verified': 14, 'mismatch': 0, 'unverified': 21, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham - 1 Adequate size: 22.42 revenue $B · threshold >= 1 · points 5.0/5 - 2a Current ratio: 1.17 · threshold >= 2.0 · points 2.5/15 - 2b Long-term debt vs working capital: 3.47 LTD / WC · threshold <= 1.0 · points 0.0/15 - 3 Positive earnings each of 10 years: 10 of 10 · threshold 10 of 10 · points 15.0/15 - 4 Dividends every year for 20 years: 13 of 20 · threshold 20 of 20 · points 9.75/15 - 5 EPS growth, 3-yr avg now vs 10 yrs ago: 2.11 -> 8.05 (+282%) · threshold >= +33% · points 10.0/10 - 6 P/E on 3-year average EPS: 20.5 · threshold <= 15 · points 6.7/15 - 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 8.45, product 173.4 · threshold <= 1.5 or <= 22.5 · points 0.0/10 Inputs: - Price (close, per traded unit): 165.11 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - Revenue: 22424100000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - current_assets: 9680500000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - current_liabilities: 8296400000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - lt_debt: 4808100000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - equity: 2442100000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - Net income FY2016: 425100000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1402057/000140205719000046/ · unverified - Net income FY2017: 523100000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1402057/000140205720000042/ · unverified - Net income FY2018: 643000000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1402057/000140205721000022/ · unverified - Net income FY2019: 736800000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1402057/000140205722000020/ · unverified - Net income FY2020: 788500000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1402057/000140205723000052/ · unverified - Net income FY2021: 988600000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205724000015/ · unverified - Net income FY2022: 1114500000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205725000018/ · unverified - Net income FY2023: 1104300000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - Net income FY2024: 1077800000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - Net income FY2025: 1066600000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - Dividend years (Yahoo): [2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] · · Yahoo Finance dividend history · https://finance.yahoo.com/quote/CDW/history?filter=div · verified (partly: XBRL covers 13 of 20 years) - Dividends per share FY2013 (XBRL): 0.0425 · 2013-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1402057/000140205715000003/ · verified - Dividends per share FY2014 (XBRL): 0.195 · 2014-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1402057/000140205715000003/ · verified - Dividends per share FY2015 (XBRL): 0.31 · 2015-12-31 · SEC XBRL CommonStockDividendsPerShareCashPaid · https://www.sec.gov/Archives/edgar/data/1402057/000140205718000038/ · verified - Dividends per share FY2016 (XBRL): 0.4825 · 2016-12-31 · SEC XBRL CommonStockDividendsPerShareCashPaid · https://www.sec.gov/Archives/edgar/data/1402057/000140205719000046/ · verified - Dividends per share FY2017 (XBRL): 0.69 · 2017-12-31 · SEC XBRL CommonStockDividendsPerShareCashPaid · https://www.sec.gov/Archives/edgar/data/1402057/000140205720000042/ · verified - Dividends per share FY2018 (XBRL): 0.925 · 2018-12-31 · SEC XBRL CommonStockDividendsPerShareCashPaid · https://www.sec.gov/Archives/edgar/data/1402057/000140205721000022/ · verified - Dividends per share FY2019 (XBRL): 1.265 · 2019-12-31 · SEC XBRL CommonStockDividendsPerShareCashPaid · https://www.sec.gov/Archives/edgar/data/1402057/000140205722000020/ · verified - Dividends per share FY2020 (XBRL): 1.54 · 2020-12-31 · SEC XBRL CommonStockDividendsPerShareCashPaid · https://www.sec.gov/Archives/edgar/data/1402057/000140205723000052/ · verified - Dividends per share FY2021 (XBRL): 1.7 · 2021-12-31 · SEC XBRL CommonStockDividendsPerShareCashPaid · https://www.sec.gov/Archives/edgar/data/1402057/000140205724000015/ · verified - Dividends per share FY2022 (XBRL): 2.09 · 2022-12-31 · SEC XBRL CommonStockDividendsPerShareCashPaid · https://www.sec.gov/Archives/edgar/data/1402057/000140205725000018/ · verified - Dividends per share FY2023 (XBRL): 2.39 · 2023-12-31 · SEC XBRL CommonStockDividendsPerShareCashPaid · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · verified - Dividends per share FY2024 (XBRL): 2.485 · 2024-12-31 · SEC XBRL CommonStockDividendsPerShareCashPaid · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · verified - Dividends per share FY2025 (XBRL): 2.505 · 2025-12-31 · SEC XBRL CommonStockDividendsPerShareCashPaid · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · verified - EPS diluted FY2014: 1.42 · 2014-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1402057/000140205717000120/ · unverified - EPS diluted FY2015: 2.35 · 2015-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1402057/000140205718000038/ · unverified - EPS diluted FY2016: 2.56 · 2016-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1402057/000140205719000046/ · unverified - EPS diluted FY2023: 8.1 · 2023-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - EPS diluted FY2024: 7.97 · 2024-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - EPS diluted FY2025: 8.08 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · 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 · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/R1.htm ### Magic Formula: 94.2 (ok) · complete: True · missing tests: none · current inputs as of 2026-03-31 · stale inputs: operating_income_q · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula - Earnings yield (EBIT/EV): 6.43 % · threshold · points / - Return on capital (EBIT/(NWC+PPE)): 108.29 % · threshold · points / - Combined rank: 73 · threshold · points / Inputs: - operating_income: 1655600000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ - operating_income_q: 376000000.0 · 2026-03-31 · SEC XBRL OperatingIncomeLoss (quarter CY2026Q1) · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000025/ - operating_income_q: 361400000.0 · 2025-03-31 · SEC XBRL OperatingIncomeLoss (quarter CY2025Q1) · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000025/ - operating_income_q: 428600000.0 · 2026-06-30 · SEC XBRL OperatingIncomeLoss (quarter CY2026Q2) · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ - operating_income_q: 420200000.0 · 2025-06-30 · SEC XBRL OperatingIncomeLoss (quarter CY2025Q2) · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ - current_assets: 9680500000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ - current_liabilities: 8296400000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ - cash: 361800000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ - ppe_net: 166000000.0 · 2026-06-30 · SEC XBRL PropertyPlantAndEquipmentNet · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ - lt_debt: 4808100000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ - debt_lt_current: 1008900000.0 · 2026-06-30 · SEC XBRL LongTermDebtCurrent · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ - 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 · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/R1.htm - Price (close): 165.11 · 2026-10-23 · Yahoo Finance / Alpaca Market Data · - note: debt = LongTermDebtNoncurrent + LongTermDebtCurrent · · · ### Momentum: 48.7 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum - 12-1 month return: -5.9 % · threshold · points 15.5/50 - 6 month return: 22.3 % · threshold · points 16.2/20 - Price / 52-week high: 1.0 · threshold · points 15.0/15 - Volatility penalty (60d annualised): 49.0 % · threshold · points 2.0/15 Inputs: - Adjusted close series (14 months): 165.11 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · ### Insider: 0.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider - Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold · points 0.0/35 - Distinct buyers: 0 · threshold · points 0.0/25 - Buyer seniority: 0.0 · threshold · points 0.0/20 - Recency (half-life 30d): 0.0 · threshold · points 0.0/10 - Sales penalty (excludes 10b5-1 plan sales): 1.78 bp · threshold · points -8.1/0 Inputs: - Form 4 S CONNELLY ELIZABETH H. 2026-08-07: 3673765.9 · 2026-08-07 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000068/ ### Buffett Quality: 81.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2016–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 48, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett - 1 Average return on equity (net income / year-end equity): 69.2% over 8 yrs · threshold >= 15% · points 25.0/25 - 2 Profitable every year: 10 of 10 · threshold all years · points 15.0/15 - 3 Net income growth, 3-yr average now vs start of window: +10.7% a year · threshold >= +10% · points 10.0/10 - 4 Borrowings / 3-yr average earnings (years to repay): 5.4 years · threshold <= 4 · points 9.9/15 - 5 Operating margin, 5-yr average: 7.4% · threshold >= 20% · points 0.0/10 - 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): 1.04 · threshold >= 1.0 · points 10.0/10 - 7 Owner-earnings yield (3-yr avg free cash flow / market cap): 6.0% · threshold >= 7% · points 11.1/15 Inputs: - Price (close, per traded unit): 165.11 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - Net income FY2018: 643000000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1402057/000140205721000022/ · unverified - Equity at FY2018 end: 975200000.0 · 2018-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1402057/000140205722000020/ · unverified - Net income FY2019: 736800000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1402057/000140205722000020/ · unverified - Equity at FY2019 end: 960300000.0 · 2019-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1402057/000140205723000052/ · unverified - Net income FY2020: 788500000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1402057/000140205723000052/ · unverified - Equity at FY2020 end: 1297100000.0 · 2020-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1402057/000140205724000015/ · unverified - Net income FY2021: 988600000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205724000015/ · unverified - Equity at FY2021 end: 705700000.0 · 2021-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1402057/000140205725000018/ · unverified - Net income FY2022: 1114500000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205725000018/ · unverified - Equity at FY2022 end: 1603300000.0 · 2022-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - Net income FY2023: 1104300000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - Equity at FY2023 end: 2042500000.0 · 2023-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - Net income FY2024: 1077800000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - Equity at FY2024 end: 2352700000.0 · 2024-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - Net income FY2025: 1066600000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - Equity at FY2025 end: 2606100000.0 · 2025-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - Net income FY2016: 425100000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1402057/000140205719000046/ · unverified - Net income FY2017: 523100000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1402057/000140205720000042/ · unverified - Net income FY2018: 643000000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1402057/000140205721000022/ · unverified - Net income FY2019: 736800000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1402057/000140205722000020/ · unverified - Net income FY2020: 788500000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1402057/000140205723000052/ · unverified - Net income FY2021: 988600000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205724000015/ · unverified - Net income FY2022: 1114500000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205725000018/ · unverified - Net income FY2023: 1104300000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - Net income FY2024: 1077800000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - Net income FY2025: 1066600000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - lt_debt: 4808100000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - debt_lt_current: 1008900000.0 · 2026-06-30 · SEC XBRL LongTermDebtCurrent · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - Operating income FY2021: 1419000000.0 · 2021-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1402057/000140205724000015/ · unverified - Revenue FY2021: 20820800000.0 · 2021-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1402057/000140205724000015/ · unverified - Operating income FY2022: 1735200000.0 · 2022-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1402057/000140205725000018/ · unverified - Revenue FY2022: 23748700000.0 · 2022-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1402057/000140205725000018/ · unverified - Operating income FY2023: 1680900000.0 · 2023-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - Revenue FY2023: 21376000000.0 · 2023-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - Operating income FY2024: 1651300000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - Revenue FY2024: 20998700000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - Operating income FY2025: 1655600000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - Revenue FY2025: 22424100000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - Operating cash flow FY2021: 784600000.0 · 2021-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1402057/000140205724000015/ · unverified ### Lynch GARP: 32.7 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 6, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch - 1 PEG: P/E divided by 5-yr EPS growth (in % points): 2.49 · threshold <= 1.0 · points 0.0/30 - 2 EPS growth, 5-yr compound rate: +8.2% a year · threshold 12% to 35% a year · points 13.7/20 - 3 P/E on latest annual EPS: 20.4 · threshold <= 25 · points 10.0/10 - 4 Borrowings / equity: 2.38 · threshold <= 0.5 · points 0.0/15 - 5 Years of the last 5 in which EPS rose: 3 of 5 · threshold 5 of 5 · points 9.0/15 - 6 Net cash (cash minus borrowings) / market cap: -26.4% · threshold >= +10% · points 0.0/10 Inputs: - Price (close, per traded unit): 165.11 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - EPS diluted FY2025: 8.08 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - EPS diluted FY2020: 5.45 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1402057/000140205723000052/ · unverified - lt_debt: 4808100000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - debt_lt_current: 1008900000.0 · 2026-06-30 · SEC XBRL LongTermDebtCurrent · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - equity: 2442100000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - cash: 361800000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified ### Graham Enterprising: 40.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 12, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising - 1 Current ratio: 1.17 · threshold >= 1.5 · points 5.0/15 - 2 Borrowings vs working capital: 4.2 x · threshold <= 1.1x · points 0.0/15 - 3 No earnings deficit in the last 5 years: 5 of 5 profitable · threshold 5 of 5 · points 15.0/15 - 4 Pays a current dividend: yes · threshold yes · points 10.0/10 - 5 EPS higher than five years earlier: 5.45 -> 8.08 · threshold higher · points 10.0/10 - 6 Price / book value per share: 8.45 · threshold <= 1.2 · points 0.0/20 - 7 Price / net current asset value per share (current assets minus all liabilities): None · threshold <= 0.67 · points 0.0/15 Inputs: - Price (close, per traded unit): 165.11 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - current_assets: 9680500000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - current_liabilities: 8296400000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - lt_debt: 4808100000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - debt_lt_current: 1008900000.0 · 2026-06-30 · SEC XBRL LongTermDebtCurrent · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - Net income FY2021: 988600000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205724000015/ · unverified - Net income FY2022: 1114500000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205725000018/ · unverified - Net income FY2023: 1104300000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - Net income FY2024: 1077800000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - Net income FY2025: 1066600000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - Dividend years (Yahoo): [2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] · · Yahoo Finance dividend history · https://finance.yahoo.com/quote/CDW/history?filter=div - EPS diluted FY2025: 8.08 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - EPS diluted FY2020: 5.45 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1402057/000140205723000052/ · unverified - equity: 2442100000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · 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 · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/R1.htm ### Piotroski F-Score: 55.6 (ok) · complete: True · missing tests: none · current inputs as of None · stale inputs: none · history 2024–2026 · price None · verification {'verified': 0, 'mismatch': 0, 'unverified': 27, 'not_cross_checked': 0} · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski - 1 Return on assets is positive: 6.7% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 2 Operating cash flow is positive: 1,205M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 3 Return on assets improved on the prior year: 7.3% -> 6.7% · threshold pass = 1 · points 0.0/11.11111111111111 - 4 Operating cash flow exceeds net income (accruals): 1,205M vs 1,067M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 5 Long-term debt / assets fell: 38.2% -> 28.8% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 6 Current ratio improved: 1.35 -> 1.18 · threshold pass = 1 · points 0.0/11.11111111111111 - 7 No new shares issued (share count did not rise): 131M -> 125M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry): 7.9% -> 7.4% · threshold pass = 1 · points 0.0/11.11111111111111 - 9 Asset turnover (revenue / assets) improved: 1.43 -> 1.40 · threshold pass = 1 · points 0.0/11.11111111111111 Inputs: - net_income 2025-12-31: 1066600000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - total_assets 2025-12-31: 16028200000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - cfo 2025-12-31: 1205200000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - net_income 2025-12-31: 1066600000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - net_income 2024-12-31: 1077800000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - total_assets 2025-12-31: 16028200000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - total_assets 2024-12-31: 14678400000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - cfo 2025-12-31: 1205200000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - net_income 2025-12-31: 1066600000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - lt_debt 2025-12-31: 4622300000.0 · 2025-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - lt_debt 2024-12-31: 5607000000.0 · 2024-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - total_assets 2025-12-31: 16028200000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - total_assets 2024-12-31: 14678400000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - current_assets 2025-12-31: 8500500000.0 · 2025-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - current_assets 2024-12-31: 7373100000.0 · 2024-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - current_liabilities 2025-12-31: 7226100000.0 · 2025-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - current_liabilities 2024-12-31: 5474400000.0 · 2024-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - shares_out 2026-07-31: 125017426.0 · 2026-07-31 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - shares_out 2025-08-01: 131060745.0 · 2025-08-01 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1402057/000140205725000145/ · unverified - operating_income 2025-12-31: 1655600000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - operating_income 2024-12-31: 1651300000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - revenue 2025-12-31: 22424100000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - revenue 2024-12-31: 20998700000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - revenue 2025-12-31: 22424100000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - revenue 2024-12-31: 20998700000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified - total_assets 2025-12-31: 16028200000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/ · unverified - total_assets 2024-12-31: 14678400000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ · unverified ## Market value, source trail - Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used - Traded price: 165.11 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1 - SEC shares outstanding: 125,017,426 underlying shares, period 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, accession 0001402057-26-000065 · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/R1.htm - Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None - Market value (price date x latest reported shares): 20,641,627,207 USD; 165.11 (price 2026-10-23) / 1 x 125,017,426 (shares at 2026-07-31) = 20,641,627,207 ## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends) - FY2013 (ended 2013-12-31): 10768600000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205714000002/ - FY2014 (ended 2014-12-31): 12074500000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205717000120/ - FY2015 (ended 2015-12-31): 12988700000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205718000038/ - FY2016 (ended 2016-12-31): 13672700000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205719000046/ - FY2017 (ended 2017-12-31): 14832900000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205720000042/ - FY2018 (ended 2018-12-31): 16240500000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205721000022/ - FY2019 (ended 2019-12-31): 18032400000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205722000020/ - FY2020 (ended 2020-12-31): 18467500000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205723000052/ - FY2021 (ended 2021-12-31): 20820800000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205724000015/ - FY2022 (ended 2022-12-31): 23748700000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205725000018/ - FY2023 (ended 2023-12-31): 21376000000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ - FY2024 (ended 2024-12-31): 20998700000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ - FY2025 (ended 2025-12-31): 22424100000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ ## Net income by fiscal year (SEC XBRL) - FY2013 (ended 2013-12-31): 132800000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205716000057/ - FY2014 (ended 2014-12-31): 244900000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205717000120/ - FY2015 (ended 2015-12-31): 403100000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205718000038/ - FY2016 (ended 2016-12-31): 425100000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205719000046/ - FY2017 (ended 2017-12-31): 523100000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205720000042/ - FY2018 (ended 2018-12-31): 643000000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205721000022/ - FY2019 (ended 2019-12-31): 736800000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205722000020/ - FY2020 (ended 2020-12-31): 788500000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205723000052/ - FY2021 (ended 2021-12-31): 988600000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205724000015/ - FY2022 (ended 2022-12-31): 1114500000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205725000018/ - FY2023 (ended 2023-12-31): 1104300000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ - FY2024 (ended 2024-12-31): 1077800000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ - FY2025 (ended 2025-12-31): 1066600000.0 · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000011/ ## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets) - FY2013 (ended 2013-12-31): 0.84 [filed 0.84, split factor 1.0] - FY2014 (ended 2014-12-31): 1.42 [filed 1.42, split factor 1.0] - FY2015 (ended 2015-12-31): 2.35 [filed 2.35, split factor 1.0] - FY2016 (ended 2016-12-31): 2.56 [filed 2.56, split factor 1.0] - FY2017 (ended 2017-12-31): 3.31 [filed 3.31, split factor 1.0] - FY2018 (ended 2018-12-31): 4.19 [filed 4.19, split factor 1.0] - FY2019 (ended 2019-12-31): 4.99 [filed 4.99, split factor 1.0] - FY2020 (ended 2020-12-31): 5.45 [filed 5.45, split factor 1.0] - FY2021 (ended 2021-12-31): 7.04 [filed 7.04, split factor 1.0] - FY2022 (ended 2022-12-31): 8.13 [filed 8.13, split factor 1.0] - FY2023 (ended 2023-12-31): 8.1 [filed 8.1, split factor 1.0] - FY2024 (ended 2024-12-31): 7.97 [filed 7.97, split factor 1.0] - FY2025 (ended 2025-12-31): 8.08 [filed 8.08, split factor 1.0] ## Dividend years (Yahoo history) 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026 ## Insider transactions (SEC Form 4 data set, latest 40) - 2026-08-07 S CONNELLY ELIZABETH H. (officer) 26695 @ 137.62 = 3673766 · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000068/ - 2026-05-27 P NELMS DAVID W (director) 18000 @ 111.43 = 2005740 · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000040/ - 2026-05-18 P LEAHY CHRISTINE A (officer) 4830 @ 103.40 = 499422 · https://www.sec.gov/Archives/edgar/data/1402057/000140205726000034/ ## Links - sec_filings: https://www.sec.gov/edgar/browse/?CIK=0001402057 - sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001402057.json - sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001402057&type=4 - sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001402057&type=8-K - yahoo: https://finance.yahoo.com/quote/CDW - stooq: https://stooq.com/q/d/?s=cdw.us - morningstar (link only, nothing stored): https://www.morningstar.com/search?query=CDW - finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=CDW - stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/cdw/ - seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/CDW - openinsider (link only, nothing stored): http://openinsider.com/search?q=CDW - google_news (link only, nothing stored): https://news.google.com/rss/search?q=CDW+stock Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/CDW; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23. Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.