CDW vs CPNG
CDW Corp. and Coupang, Inc., side by side — 7 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CDW | CPNG |
|---|---|---|
| Revenue | $22.4B | $34.5B |
| Net income | $1.1B | $208.0M |
| Gross margin | 21.7% | 29.4% |
| Net margin | 4.8% | 0.6% |
| Return on equity | 43.0% | 4.8% |
| Diluted EPS | $8.08 | $0.11 |
| Dividend / share | $2.50 | · |
| Payout ratio | 30.8% | · |
| Free cash flow | $1.1B | $522.0M |
| Equity | $2.6B | · |
| Net debt / equity | 1.92× | −1.23× |
| Current ratio | 1.18× | 1.04× |
| Revenue CAGR 5y | 4.0% | 23.6% |
| Profit CAGR 5y | 6.2% | · |
CPNG bills 1.5× the revenue of CDW, and CDW keeps more of each dollar of revenue as profit (4.8% against 0.6%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
7 years side by side
| Fiscal year | CDW | CPNG |
|---|---|---|
| FY2025 | $22.4B | $34.5B |
| FY2024 | $21.0B | $30.3B |
| FY2023 | $21.4B | $24.4B |
| FY2022 | $23.7B | $20.6B |
| FY2021 | $20.8B | $18.4B |
| FY2020 | $18.5B | $12.0B |
| FY2019 | $18.0B | $6.3B |
Bottom line
| Fiscal year | CDW | CPNG |
|---|---|---|
| FY2025 | $1.1B | $208.0M |
| FY2024 | $1.1B | $154.0M |
| FY2023 | $1.1B | $1.4B |
| FY2022 | $1.1B | $-92.0M |
| FY2021 | $988.6M | $-1.5B |
| FY2020 | $788.5M | $-463.2M |
| FY2019 | $736.8M | $-696.9M |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$12,109,900,000 | CPNG |
| FY2024 | −$9,269,300,000 | CPNG |
| FY2023 | −$3,007,000,000 | CPNG |
| FY2022 | +$3,165,700,000 | CDW |
| FY2021 | +$2,414,800,000 | CDW |
| FY2020 | +$6,500,161,000 | CDW |
| FY2019 | +$11,759,137,000 | CDW |
The higher-revenue side has changed between CDW and CPNG over this period. The gap has widened since the earliest year compared.
7 of 17 comparable fiscal years — a year missing data on either side is not counted.
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +4.1 pp | CDW |
| FY2024 | +4.9 pp | CDW |
| FY2023 | −0.4 pp | CPNG |
| FY2022 | +5.1 pp | CDW |
| FY2021 | +13.1 pp | CDW |
| FY2020 | +8.1 pp | CDW |
| FY2019 | +15.2 pp | CDW |
The higher net margin has changed hands between CDW and CPNG over this period.
7 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CPNG's net margin has been more volatile than CDW's over the 7 comparable fiscal years — 5.3 percentage points of standard deviation against 0.4.
7 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between CDW and CPNG over these 7 fiscal years — CDW led in 6 and CPNG in 1.
7 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CDW's return on equity has been more volatile than CPNG's over the 4 comparable fiscal years — 20.8 percentage points of standard deviation against 17.8.
4 of 13 comparable fiscal years — a year missing data on either side is not counted.
Year by year
CDW led in return on equity in every one of the 4 comparable fiscal years — a structural lead, not a recent swing.
4 of 13 comparable fiscal years — a year missing data on either side is not counted.