Pricing Log in Create free account
Friday 6 November 2026 Export CDW’s income statement to Excel — free account

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.

Revenue
+17.7%
EPS
+11.6%
Free cash flow
+24.6%
Total debt
+26.6%

Quarter to September 2026, against a year earlier

159.67 9.08 −5.38%
Market cap
$19.8B
P/E
18.6×
Fwd P/E
17.6×
Dividend yield
1.58%
F-score
5/9
Altman Z
2.52
Beneish M
−2.35
Dividend safety
82/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

CDW Corporation (CDW) Debt to equity

Alert me on Debt to equity

CDW Corporation's debt to equity at the end of the quarter to 30 September 2026 was 2.7×, up 0.5× 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 0.3× and above the Technology sector median of 0.1×.

Debt to equity, annual

Embed this chart

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
Sep 2026 2.7× 13.47%
Jun 2026 2.4× 7.90%
Mar 2026 2.2× 2.19%
Dec 2025 2.2× (2.53%)
43 more quarters

Against its own ten years

Low 2.2× High 9.7×
Ten-year median 3.1×
Current reading's percentile 9

Debt to equity against peers

Company Debt to equity
CTSH Cognizant Technology Solutions Corporation compare 0.1×
WSE WISE GROUP PLC compare 0.2×
WIT Wipro Limited compare 0.2×
FIS Fidelity National Information Services, Inc. compare 1.0×
CACI CACI International, Inc. compare 1.0×
LDOS Leidos Holdings, Inc. compare 1.2×
BR Broadridge Financial Solutions, Inc. compare 1.3×
FISV Fiserv, Inc. compare 1.3×
CDW CDW Corporation 2.7×
Information Technology Services industry median 0.3×
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)

The full definition of Debt to equity →

More on CDW