NASDAQ · RETAIL-CATALOG & MAIL-ORDER HOUSES · LARGE CAP
CDW Corp. CDW
17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY12 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$22.4B
▲ 6.8% vs FY2024
Dividend streak
12 yrs
Raised every year since 2014
EPS · FY25
—
Dividend / sh · FY25
$2.50
Payout · FY25
31%
ROE · FY25
43.0%
Net margin · FY25
4.8%
Dividend coverage
3.2×
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Result
USD 22.4B
Revenue, FY2025 · full 17-year series below
Revenue
Net income
5 cents of every revenue dollar became profit this year.
Per share
—
Diluted EPS, FY2025
EPS
Dividend
Earnings covered the dividend 3.2 times — the rest stayed in the company.
Profitability
43.0%
Return on equity, FY2025
ROE
Operating margin7.4%
Net margin4.8%
Return on assets6.9%
Each USD of equity produced 43 cents of profit this year.
Returned to shareholders
USD 952.1M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 328.6M
Net buybacksUSD 623.5M
Share of profit89.3%
Consecutive raises12 years
USD 328.6M in dividends and USD 623.5M in buybacks — 89% of the year's profit went back to shareholders.
Growth
+4.0% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−1.9%
+4.0%
+5.6%
+6.4%
Net income
−1.5%
+6.2%
+10.2%
EPS, diluted
−0.2%
+8.2%
+13.1%
Dividend / share
+6.2%
+10.2%
+23.2%
Returned to shareholders
+49.9%
+13.3%
+12.6%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
—
Shares outstanding, FY2025
Change, 5 years−8.8%
Change, 10 years−23.1%
The share count shrank 9% in five years — the same company, cut into fewer, larger slices.
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Balance sheet
USD 16.0B
total assets, end of FY2025
Total assetsUSD 16.0B
EquityUSD 2.6B
CashUSD 618.7M
Gross debtUSD 5.6B
Net debtUSD 5.0B
Current ratio1.18×
Net debt stands at 192% of equity.
History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
22.4
21.0
21.4
23.7
20.8
18.5
18.0
16.2
14.8
13.7
13.0
12.1
10.8
10.1
9.6
8.8
7.2
Operating income $B
1.7
1.7
1.7
1.7
1.4
1.2
1.1
1.0
0.9
0.8
0.7
0.7
0.5
0.5
0.5
0.4
−0.0
EBITDA $B
2.0
1.9
2.0
2.0
1.6
1.6
1.4
1.3
1.1
1.1
1.0
0.9
0.7
0.7
0.7
0.6
0.2
Income tax $B
0.4
0.4
0.3
0.4
0.3
0.2
0.2
0.2
0.1
0.2
0.2
0.1
0.1
0.1
0.0
−0.0
−0.1
Net income $B
1.1
1.1
1.1
1.1
1.0
0.8
0.7
0.6
0.5
0.4
0.4
0.2
0.1
0.1
0.0
−0.0
−0.4
EPS, diluted $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Dividend / sh $
2.50
2.48
2.39
2.09
1.70
1.54
1.26
0.93
0.69
0.48
0.31
0.20
0.04
0.00
0.00
·
·
Payout %
31
31
29
25
24
28
25
22
20
19
13
14
5
0
0
·
·
ROE %
43.0
49.0
60.6
96.5
98.7
69.9
76.1
65.6
51.4
39.6
39.6
29.7
31.3
184.2
·
·
·
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
65 of 65
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 0 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed