CDW Corporation
CDW Technology Information Technology Services
CDW Corporation’s revenue for fiscal 2025 (year ended December 2025) was $22.4 billion, up 6.79% from fiscal 2024. In the quarter to June 2026, revenue grew 9.97%, EPS grew 4.85%, free cash flow fell 161.9% and total debt rose 3.27%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years; insiders bought in the last twelve months.
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CDW Corporation (CDW) Debt to equity
CDW Corporation's debt to equity at the end of the quarter to 30 June 2026 was 2.4×, up 0.2× from fiscal 2025 (2.2×). Over the past ten years it has ranged from 2.2× (fiscal 2025) to 9.7× (fiscal 2021) — the current reading is the lowest in ten years. That is above the Information Technology Services industry median of 0.5× and above the Technology sector median of 0.1×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 2.2× | (13.01%) |
| FY2024 | 2.5× | (10.14%) |
| FY2023 | 2.8× | (25.19%) |
| FY2022 | 3.7× | (61.99%) |
| FY2021 | 9.7× | 220.99% |
| FY2020 | 3.0× | (12.35%) |
| FY2019 | 3.5× | 4.99% |
| FY2018 | 3.3× | 0.23% |
| FY2017 | 3.3× | 6.12% |
| FY2016 | 3.1× | 4.00% |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Jun 2026 | 2.4× | 7.90% |
| Mar 2026 | 2.2× | 2.19% |
| Dec 2025 | 2.2× | (2.53%) |
| Sep 2025 | 2.2× | (2.92%) |
| 42 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| IT Gartner, Inc. compare | −17.8× |
| CTSH Cognizant Technology Solutions Corporation compare | 0.1× |
| WIT Wipro Limited compare | 0.2× |
| FISV Fiserv, Inc. compare | 1.0× |
| FIS Fidelity National Information Services, Inc. compare | 1.1× |
| CACI CACI International, Inc. compare | 1.1× |
| LDOS Leidos Holdings, Inc. compare | 1.1× |
| BR Broadridge Financial Solutions, Inc. compare | 1.1× |
| CDW CDW Corporation | 2.4× |
| Information Technology Services industry median | 0.5× |
| Technology sector median | 0.1× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on CDW
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement