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CDW CDW Q1 2025 earnings

Reported May 7, 2025 · Before market open

Revenue$5.2BBeat by $262.7M
EPS$2.15Beat by $0.19
Revenue estimate$4.9B
EPS estimate$1.96

Next report

Aug 5, 2026 (In 6 days)
Revenue estimate$6.2B
EPS estimate$2.80

Financials

Q1 2025

Income statement

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Revenue$5.2B+6.7%
Gross profit$1.1B+5.5%
Operating income$361.4M+10.2%
Net income$224.9M+4.1%
EPS (diluted)$1.69+6.3%

Balance sheet

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Cash & equivalents$471.4M-41.4%
Total debt$6.0B+3.3%
Total equity$2.3B+8.6%
Total assets$15.0B+13.8%

Cash flow

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Operating cash flow$287.2M-34.7%
CapEx$26.9M-8.8%
Free cash flow$260.3M-36.6%

Valuation & ratios

Valuation

as of 03/31/25
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Market cap$21.23B-38.1%
Enterprise value$26.76B-32.0%
P/E19.5×-11.9×
P/S-0.6×

Profitability

See full
Gross margin21.9%0.0pp
Operating margin7.9%+0.1pp
Net margin5.1%-0.1pp
FCF margin4.7%-2.5pp

Returns & leverage

See full
Return on equity48.7%-10.1pp
Debt / equity2.6×-0.1×
Current ratio1.3×+0.1×

Segments

By product

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Hardware$3.7B+5.6%
Notebooks/Mobile Devices$1.3B+18.1%
Software$948.3M+8.5%
Other Hardware$578.6M-6.8%
Netcomm Products$547.5M-3.9%

By segment

See full
Other$680.4M+7.8%

Versus estimates

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Questions, answered.

When did CDW report Q1 2025 earnings?
CDW (CDW) reported Q1 2025 earnings on May 7, 2025 before market open.
What were CDW's Q1 2025 revenue and EPS?
CDW reported revenue of $5.2B and eps of $2.15 for Q1 2025.
Did CDW beat estimates in Q1 2025?
Revenue beat the consensus estimate of $4.9B by $262.7M. EPS beat the consensus estimate of $1.96 by $0.19.
How did CDW's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 6.7% from $4.9B a year earlier and eps grew 12.0% from $1.92.
Where can I find CDW's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001402057-25-000096) directly on SEC EDGAR. The filing index links above go to sec.gov.