← BackCDW Corp · Catalog & Mail-Order HousesCDW
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The short versionA profitable company with growing sales.
Going well
- Sales up 10% in the latest quarter vs a year ago
- Profitable every year for 10 years
- Brings in more cash than it spends
Money moves
- No insider buying or selling in the last 30 days
- Institutions added 7.3% to their holdings in the quarter ending June 2026 (362 bought, 403 sold)
- Held by Ray Dalio (Bridgewater), Stanley Druckenmiller (Duquesne)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$163.18-1.1% that day
- Company value
- $20.4B
- Share price times all shares
- Price vs profit (P/E)
- 19.6x
- You pay about $20 for each $1 of yearly profit
- Price vs sales
- 0.87x
- Company value is 0.87 times a year of sales
- Dividend yield
- 1.5%
- Yearly dividend as a share of today's price
- Cash vs value
- 2%
- Cash as a share of company value
- Debt vs value
- 28%
- Debt as a share of company value
From CDW's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26$6.6B+10.0% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $23.5B, up 7.4% from the 12 months before. Over 5 years, sales grew about 4.0% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- PassReturn on equity 15%+Earns a lot on the money owners have in the business.43.0%
- MissDebt under half of equityNot relying on borrowed money.2.16x equity
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.4.8%
- PassProfitable every yearSteady profits, not one good year.10 of 10 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.1B
- PassShare count not growingNot diluting owners. Falling means buybacks.-3.6% in 3 years
- MissGross margin 40%+Pricing power: sells for well above what it costs to make.21.7%
- Revenue
- $22.4B
- +6.8% vs prior year
- 5-year growth
- +4.0%/yr
- revenue, per year
- Total debt
- $5.6B
- 2.16x equity
- Current ratio
- 1.18x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026- Revenue
- $6.6B
- +10.0% YoY
- EPS
- $2.15
- vs $2.05
- Op. margin
- 6.5%
- -0.5 pts
- Gross margin
- 20.1%
- -0.7 pts
- Free cash flow
- -$82.6M
- Share count
- -3.8%
- vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
- This week
- 1
- Normal week
- 2.6
- vs normal
- 0.4x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+7.3%Institutions added 7.3% to their holdings. 362 bought, 403 sold. 2 quarters of net buying in a row.
Shares held by institutions134.8M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
-2.3%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
2.4x · $5.8B debtShares outstandingLatest reported
125MNext reportIn 7 days (est.)Estimated from the same quarter last year
- Results filedAug 5
- Results filedMay 6
- Results filedFeb 4
- Results filedNov 4, 2025
- Results filedAug 6, 2025
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.