CDW vs W
CDW Corp. and Wayfair Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CDW | W |
|---|---|---|
| Revenue | $22.4B | $12.5B |
| Net income | $1.1B | $-313.0M |
| Gross margin | 21.7% | 30.2% |
| Net margin | 4.8% | −2.5% |
| Return on equity | 43.0% | · |
| Diluted EPS | $8.08 | −$2.44 |
| Dividend / share | $2.50 | · |
| Payout ratio | 30.8% | · |
| Free cash flow | $1.1B | $464.0M |
| Equity | $2.6B | $-2.8B |
| Net debt / equity | 1.92× | · |
| Current ratio | 1.18× | 0.94× |
| Revenue CAGR 5y | 4.0% | −2.5% |
| Profit CAGR 5y | 6.2% | · |
CDW bills 1.8× the revenue of W, and W closed the last reported year at a loss.
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 | W |
|---|---|---|
| FY2025 | $22.4B | $12.5B |
| FY2024 | $21.0B | $11.9B |
| FY2023 | $21.4B | $12.0B |
| FY2022 | $23.7B | $12.2B |
| FY2021 | $20.8B | $13.7B |
| FY2020 | $18.5B | $14.1B |
| FY2019 | $18.0B | $9.1B |
| FY2018 | $16.2B | $6.8B |
| FY2017 | $14.8B | $4.7B |
| FY2016 | $13.7B | $3.4B |
Bottom line
| Fiscal year | CDW | W |
|---|---|---|
| FY2025 | $1.1B | $-313.0M |
| FY2024 | $1.1B | $-492.0M |
| FY2023 | $1.1B | $-738.0M |
| FY2022 | $1.1B | $-1.3B |
| FY2021 | $988.6M | $-131.0M |
| FY2020 | $788.5M | $185.0M |
| FY2019 | $736.8M | $-985.0M |
| FY2018 | $643.0M | $-504.1M |
| FY2017 | $523.1M | $-244.6M |
| FY2016 | $425.1M | $-194.4M |
14 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$9,967,100,000 | CDW |
| FY2024 | +$9,147,700,000 | CDW |
| FY2023 | +$9,373,000,000 | CDW |
| FY2022 | +$11,530,700,000 | CDW |
| FY2021 | +$7,112,800,000 | CDW |
| FY2020 | +$4,322,500,000 | CDW |
| FY2019 | +$8,905,400,000 | CDW |
| FY2018 | +$9,461,326,000 | CDW |
| FY2017 | +$10,112,005,000 | CDW |
| FY2016 | +$10,292,340,000 | CDW |
| FY2015 | +$10,738,815,000 | CDW |
| FY2014 | +$10,755,549,000 | CDW |
| FY2013 | +$9,852,757,000 | CDW |
| FY2012 | +$9,527,172,000 | CDW |
CDW has reported the higher revenue in every one of these 14 fiscal years. The gap has widened since the earliest year compared.
14 of 17 comparable fiscal years — a year missing data on either side is not counted.
14 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +7.3 pp | CDW |
| FY2024 | +9.3 pp | CDW |
| FY2023 | +11.3 pp | CDW |
| FY2022 | +15.6 pp | CDW |
| FY2021 | +5.7 pp | CDW |
| FY2020 | +3.0 pp | CDW |
| FY2019 | +14.9 pp | CDW |
| FY2018 | +11.4 pp | CDW |
| FY2017 | +8.7 pp | CDW |
| FY2016 | +8.9 pp | CDW |
| FY2015 | +6.5 pp | CDW |
| FY2014 | +13.3 pp | CDW |
| FY2013 | +2.9 pp | CDW |
| FY2012 | +4.7 pp | CDW |
CDW has kept the higher net margin in every one of these 14 fiscal years.
14 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
W's net margin has been more volatile than CDW's over the 14 comparable fiscal years — 3.7 percentage points of standard deviation against 1.3.
14 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
CDW led in net margin in every one of the 14 comparable fiscal years — a structural lead, not a recent swing.
14 of 17 comparable fiscal years — a year missing data on either side is not counted.