CDW vs NSIT
CDW Corp. and Insight Enterprises Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CDW | NSIT |
|---|---|---|
| Revenue | $22.4B | $8.2B |
| Net income | $1.1B | $157.3M |
| Gross margin | 21.7% | 21.4% |
| Net margin | 4.8% | 1.9% |
| Return on equity | 43.0% | 9.2% |
| Diluted EPS | $8.08 | $4.86 |
| Dividend / share | $2.50 | · |
| Payout ratio | 30.8% | · |
| Free cash flow | $1.1B | $279.3M |
| Equity | $2.6B | $1.6B |
| Net debt / equity | 1.92× | 0.61× |
| Current ratio | 1.18× | 1.25× |
| Revenue CAGR 5y | 4.0% | −0.2% |
| Profit CAGR 5y | 6.2% | −1.8% |
CDW bills 2.7× the revenue of NSIT, and keeps more of each dollar of revenue as profit (4.8% against 1.9%).
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.
10 years side by side
| Fiscal year | CDW | NSIT |
|---|---|---|
| FY2025 | $22.4B | $8.2B |
| FY2024 | $21.0B | $8.7B |
| FY2023 | $21.4B | $9.2B |
| FY2022 | $23.7B | $10.4B |
| FY2021 | $20.8B | $9.4B |
| FY2020 | $18.5B | $8.3B |
| FY2019 | $18.0B | $7.7B |
| FY2018 | $16.2B | $7.1B |
| FY2017 | $14.8B | $6.7B |
| FY2016 | $13.7B | $5.5B |
Bottom line
| Fiscal year | CDW | NSIT |
|---|---|---|
| FY2025 | $1.1B | $157.3M |
| FY2024 | $1.1B | $249.7M |
| FY2023 | $1.1B | $281.3M |
| FY2022 | $1.1B | $280.6M |
| FY2021 | $988.6M | $219.3M |
| FY2020 | $788.5M | $172.6M |
| FY2019 | $736.8M | $159.4M |
| FY2018 | $643.0M | $163.7M |
| FY2017 | $523.1M | $90.7M |
| FY2016 | $425.1M | $84.7M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$14,176,920,000 | CDW |
| FY2024 | +$12,297,002,000 | CDW |
| FY2023 | +$12,200,160,000 | CDW |
| FY2022 | +$13,317,509,000 | CDW |
| FY2021 | +$11,384,687,000 | CDW |
| FY2020 | +$10,126,921,000 | CDW |
| FY2019 | +$10,301,210,000 | CDW |
| FY2018 | +$9,160,364,000 | CDW |
| FY2017 | +$8,129,277,000 | CDW |
| FY2016 | +$8,187,185,000 | CDW |
| FY2015 | +$7,615,610,000 | CDW |
| FY2014 | +$6,758,271,000 | CDW |
| FY2013 | +$5,624,253,000 | CDW |
| FY2012 | +$4,826,759,000 | CDW |
| FY2011 | +$4,315,172,000 | CDW |
| FY2010 | +$3,991,270,000 | CDW |
| FY2009 | +$3,025,695,000 | CDW |
CDW has reported the higher revenue in every one of these 17 fiscal years. The gap has widened since the earliest year compared.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +2.8 pp | CDW |
| FY2024 | +2.3 pp | CDW |
| FY2023 | +2.1 pp | CDW |
| FY2022 | +2.0 pp | CDW |
| FY2021 | +2.4 pp | CDW |
| FY2020 | +2.2 pp | CDW |
| FY2019 | +2.0 pp | CDW |
| FY2018 | +1.6 pp | CDW |
| FY2017 | +2.2 pp | CDW |
| FY2016 | +1.6 pp | CDW |
| FY2015 | +1.7 pp | CDW |
| FY2014 | +0.6 pp | CDW |
| FY2013 | −0.1 pp | NSIT |
| FY2012 | −0.6 pp | NSIT |
| FY2011 | −1.7 pp | NSIT |
| FY2010 | −1.9 pp | NSIT |
| FY2009 | −6.0 pp | NSIT |
The higher net margin has changed hands between CDW and NSIT over this period.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CDW's net margin has been more volatile than NSIT's over the 17 comparable fiscal years — 2.6 percentage points of standard deviation against 0.6.
17 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 NSIT over these 17 fiscal years — CDW led in 12 and NSIT in 5.
17 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 NSIT's over the 13 comparable fiscal years — 21.9 percentage points of standard deviation against 2.9.
13 of 17 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 13 comparable fiscal years — a structural lead, not a recent swing.
13 of 17 comparable fiscal years — a year missing data on either side is not counted.