CDW vs ULTA
CDW Corp. and Ulta Beauty, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CDW | ULTA |
|---|---|---|
| Revenue | $22.4B | $12.4B |
| Net income | $1.1B | $1.2B |
| Gross margin | 21.7% | 39.1% |
| Net margin | 4.8% | 9.3% |
| Return on equity | 43.0% | 43.6% |
| Diluted EPS | $8.08 | $25.64 |
| Dividend / share | $2.50 | · |
| Payout ratio | 30.8% | · |
| Free cash flow | $1.1B | $1.1B |
| Equity | $2.6B | $2.8B |
| Net debt / equity | 1.92× | −0.13× |
| Current ratio | 1.18× | 1.41× |
| Revenue CAGR 5y | 4.0% | 15.0% |
| Profit CAGR 5y | 6.2% | 45.7% |
CDW bills 1.8× the revenue of ULTA, and ULTA keeps more of each dollar of revenue as profit (9.3% against 4.8%).
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 | ULTA |
|---|---|---|
| FY2025 | $22.4B | $12.4B |
| FY2024 | $21.0B | $11.3B |
| FY2023 | $21.4B | $11.2B |
| FY2022 | $23.7B | $10.2B |
| FY2021 | $20.8B | $8.6B |
| FY2020 | $18.5B | $6.2B |
| FY2019 | $18.0B | $7.4B |
| FY2018 | $16.2B | $6.7B |
| FY2017 | $14.8B | $5.9B |
| FY2016 | $13.7B | $4.9B |
Bottom line
| Fiscal year | CDW | ULTA |
|---|---|---|
| FY2025 | $1.1B | $1.2B |
| FY2024 | $1.1B | $1.2B |
| FY2023 | $1.1B | $1.3B |
| FY2022 | $1.1B | $1.2B |
| FY2021 | $988.6M | $985.8M |
| FY2020 | $788.5M | $175.8M |
| FY2019 | $736.8M | $705.9M |
| FY2018 | $643.0M | $658.6M |
| FY2017 | $523.1M | $555.2M |
| FY2016 | $425.1M | $409.8M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$10,031,280,000 | CDW |
| FY2024 | +$9,703,046,000 | CDW |
| FY2023 | +$10,168,697,000 | CDW |
| FY2022 | +$13,540,120,000 | CDW |
| FY2021 | +$12,189,911,000 | CDW |
| FY2020 | +$12,315,547,000 | CDW |
| FY2019 | +$10,634,332,000 | CDW |
| FY2018 | +$9,523,885,000 | CDW |
| FY2017 | +$8,948,394,000 | CDW |
| FY2016 | +$8,817,963,000 | CDW |
| FY2015 | +$9,064,584,000 | CDW |
| FY2014 | +$8,833,131,000 | CDW |
| FY2013 | +$8,098,027,000 | CDW |
| FY2012 | +$7,907,944,000 | CDW |
| FY2011 | +$7,826,249,000 | CDW |
| FY2010 | +$7,346,362,000 | CDW |
| FY2009 | +$5,939,829,000 | 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 | −4.6 pp | ULTA |
| FY2024 | −5.5 pp | ULTA |
| FY2023 | −6.4 pp | ULTA |
| FY2022 | −7.5 pp | ULTA |
| FY2021 | −6.7 pp | ULTA |
| FY2020 | +1.4 pp | CDW |
| FY2019 | −5.5 pp | ULTA |
| FY2018 | −5.8 pp | ULTA |
| FY2017 | −5.9 pp | ULTA |
| FY2016 | −5.3 pp | ULTA |
| FY2015 | −5.1 pp | ULTA |
| FY2014 | −5.9 pp | ULTA |
| FY2013 | −6.4 pp | ULTA |
| FY2012 | −6.6 pp | ULTA |
| FY2011 | −6.6 pp | ULTA |
| FY2010 | −5.2 pp | ULTA |
| FY2009 | −8.4 pp | ULTA |
The higher net margin has changed hands between CDW and ULTA over this period.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ULTA's net margin has been more volatile than CDW's over the 17 comparable fiscal years — 2.6 percentage points of standard deviation against 2.6.
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 ULTA over these 17 fiscal years — CDW led in 1 and ULTA in 16.
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 ULTA's over the 13 comparable fiscal years — 21.9 percentage points of standard deviation against 17.0.
13 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between CDW and ULTA over these 13 fiscal years — CDW led in 10 and ULTA in 3.
13 of 17 comparable fiscal years — a year missing data on either side is not counted.