CDW (CDW) Stock Analysis

November 11, 2026

This is a peer-relative look at CDW (CDW): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Technology Hardware & Equipment peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for CDW (CDW)
Profile Item	CDW
Name	CDW Corporation
Country/Region	United States
GICS Sector	Information Technology
GICS Industry Group	Technology Hardware & Equipment
GICS Industry	Electronic Equipment, Instruments & Components
GICS Sub-Industry	Technology Distributors
Market Capitalization	19.60 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	June 27, 2013
Security Type	Common Stock

Price Performance

Cumulative Growth

CDW

GSPC

CDW (CDW) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for CDW (CDW) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for CDW (CDW) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

CDW (CDW) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: CDW	Industry group median
Total Return (1Y)	16.85%	19.81%
Total Return (3Y, Annualized)	-6.46%	26.50%
Total Return (5Y, Annualized)	-1.35%	9.52%

Risk Profile

Drawdown History

CDW

GSPC

CDW (CDW) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…

Distribution of monthly total returns for CDW (CDW) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

CDW (CDW) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: CDW	Industry group median
Volatility (1Y, Annualized)	48.60%	55.75%
Beta (5Y)	0.90	1.39
Max Drawdown (5Y)	-60.37%	-58.83%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. CDW is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

CDW (CDW) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: CDW	Industry group median
Sharpe Ratio (1Y)	0.26	0.28
Sortino Ratio (1Y)	0.37	0.40

Profitability

ROE (TTM)

CDW (CDW) posts ROE of 42.47%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

CDW

Technology Hardware & Equipment industry group

42.47%

Group distribution

CDW: 42.47%
Max: 42.47%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%

Largest peers

AAPL: 142.26%
SNDK: 141.17%
CDW: 42.47%
APH: 40.08%
ANET: 33.52%
CSCO: 27.32%
DELL: --

Where CDW (CDW) stands on ROE within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

CDW (CDW) keeps 4.48% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

CDW

Technology Hardware & Equipment industry group

4.48%

Group distribution

Max: 27.60%
Q3: 11.66%
CDW: 4.48%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

Largest peers

SNDK: 67.04%
ANET: 39.97%
AAPL: 27.60%
CSCO: 20.95%
APH: 17.95%
DELL: 7.53%
CDW: 4.48%

Where CDW (CDW) stands on net margin within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

CDW (CDW) turns 8.14% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

CDW

Technology Hardware & Equipment industry group

8.14%

Group distribution

Max: 36.27%
Q3: 18.36%
Median: 8.84%
CDW: 8.14%
Q1: 1.46%
Min: -21.39%

Largest peers

SNDK: 79.59%
ANET: 44.90%
AAPL: 31.13%
APH: 29.68%
CSCO: 27.72%
DELL: 12.02%
CDW: 8.14%

Where CDW (CDW) stands on operating margin within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

CDW (CDW) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: CDW	Industry group median
ROE (TTM)	42.47%	11.00%
ROA (TTM)	6.47%	4.78%
Net Margin (TTM)	4.48%	4.08%
Operating Margin (TTM)	8.14%	8.84%
Gross Margin (TTM)	21.00%	39.87%

Growth

Revenue Growth

CDW (CDW) grew revenue 6.79%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

CDW (CDW): Revenue Growth across different time periods, set against Technology Hardware & Equipment industry-group medians.

EPS Growth

CDW (CDW) grew earnings per share 1.38%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

CDW (CDW): EPS Growth across different time periods, set against Technology Hardware & Equipment industry-group medians.

Growth Metrics

CDW (CDW) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: CDW	Industry group median
Revenue Growth (YoY)	6.79%	10.87%
Revenue Growth (3Y CAGR)	-1.89%	2.79%
EPS Growth (YoY)	1.38%	14.29%
EPS Growth (3Y CAGR)	-0.21%	3.49%

Financial Strength

Current Ratio (MRQ)

CDW (CDW) has current ratio of 1.27, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

CDW

Technology Hardware & Equipment industry group

1.27

Group distribution

Max: 5.34
Q3: 3.02
Median: 1.95
Q1: 1.32
CDW: 1.27
Min: 0.17

Largest peers

ANET: 3.29
SNDK: 2.58
APH: 1.94
CDW: 1.27
AAPL: 1.02
DELL: 0.96
CSCO: 0.93

Where CDW (CDW) stands on current ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

CDW (CDW) has debt-to-equity ratio of 2.98, above the industry benchmark range. Debt sits unusually high against shareholders’ equity, leaving the balance sheet more exposed to rate, refinancing, or earnings shocks.

CDW

Technology Hardware & Equipment industry group

2.98

Group distribution

CDW: 2.98
Max: 1.76
Q3: 0.78
Median: 0.24
Q1: 0.04
Min: 0.01

Largest peers

CDW: 2.98
APH: 1.03
AAPL: 0.84
CSCO: 0.62
SNDK: 0.01
ANET: --
DELL: --

Where CDW (CDW) stands on debt-to-equity ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

CDW (CDW) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: CDW	Industry group median
Current Ratio (MRQ)	1.27	1.95
Debt / Equity (MRQ)	2.98	0.24
Net Debt / EBITDA	3.01	0.16

Dividends

Dividend Yield (TTM)

CDW (CDW) has dividend yield of 1.59%, above the entire industry range. That headline income is large, but yields this far above peers often come from a falling share price or an at-risk payout, so dividend safety matters more than the percentage itself.

CDW

Technology Hardware & Equipment industry group

1.59%

Group distribution

CDW: 1.59%
Max: 0.73%
Q3: 0.31%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

CSCO: 1.73%
CDW: 1.59%
DELL: 0.73%
APH: 0.70%
AAPL: 0.31%
ANET: 0.00%
SNDK: 0.00%

Where CDW (CDW) stands on dividend yield within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

CDW (CDW) has payout ratio of 29.40%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

CDW

Technology Hardware & Equipment industry group

29.40%

Group distribution

Max: 32.27%
CDW: 29.40%
Q3: 14.48%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

CSCO: 49.85%
CDW: 29.40%
APH: 21.74%
DELL: 13.43%
AAPL: 11.80%
ANET: 0.00%
SNDK: 0.00%

Where CDW (CDW) stands on payout ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

CDW (CDW) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: CDW	Industry group median
Dividend Yield (TTM)	1.59%	0.00%
Dividend Payout Ratio (TTM)	29.40%	0.00%

Valuation

P/E Ratio (TTM)

CDW (CDW) trades at P/E ratio of 18.32, in the cheaper earnings-multiple quartile for its industry. Investors are paying less for each dollar of TTM earnings than they usually pay for comparable businesses.

CDW

Technology Hardware & Equipment industry group

18.32

Group distribution

Max: 69.48
Q3: 41.02
Median: 26.39
Q1: 19.36
CDW: 18.32
Min: 6.07

Largest peers

ANET: 45.79
AAPL: 38.13
APH: 32.43
CSCO: 28.18
DELL: 19.10
CDW: 18.32
SNDK: 6.67

Where CDW (CDW) stands on P/E ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

CDW (CDW) trades at 0.80 on P/S ratio, in the lower sales-valuation quartile for its industry. That points to a cheaper revenue stream than most peers, with margin quality still doing the heavy lifting.

CDW

Technology Hardware & Equipment industry group

0.80

Group distribution

Max: 11.30
Q3: 5.82
Median: 2.56
Q1: 1.05
CDW: 0.80
Min: 0.00

Largest peers

ANET: 18.15
AAPL: 10.39
CSCO: 5.84
APH: 5.57
SNDK: 4.10
DELL: 1.38
CDW: 0.80

Where CDW (CDW) stands on P/S ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

CDW (CDW) trades at 7.45 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

CDW

Technology Hardware & Equipment industry group

7.45

Group distribution

Max: 10.75
CDW: 7.45
Q3: 5.52
Median: 3.17
Q1: 1.79
Min: 0.33

Largest peers

AAPL: 44.39
ANET: 13.12
APH: 10.75
CDW: 7.45
CSCO: 7.36
SNDK: 6.63
DELL: -147.32

Where CDW (CDW) stands on P/B ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

CDW (CDW) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: CDW	Industry group median
P/E Ratio (TTM)	18.32	26.39
P/S Ratio (TTM)	0.80	2.56
P/B Ratio (MRQ)	7.45	3.17
Free Cash Flow Yield (TTM)	4.43%	2.83%