What is CDW's commercial — gross profit?

CDW (CDW) reported commercial — gross profit of $798.1M in Q1 2026.

What does commercial — gross profit mean?

The profit remaining after subtracting the direct costs of goods and services from commercial segment revenue.

How do you interpret commercial — gross profit?

An increase signals improved pricing power or more favorable vendor cost structures, whereas a decrease indicates margin compression.

How does commercial — gross profit compare across companies?

Comparable to segment gross profit figures reported by peers in the IT solutions and hardware distribution space.

CDW CDW Commercial — Gross Profit

Other segment segments

Other

$154.7M+17.0%

Government

$124.7M—

Education

$112.5M—

Similar metrics at other companies

CNCCommercial — Segment gross margin

$2.36B-7.2%

PLTRCommercial — Total contribution

$562.96M+133%

DELLCommercial — Total net revenue

$13.02B+17.9%

CPNGProduct Commerce — Gross Profit

$2.17B+1.1%

PAGRetail commercial truck dealership — Gross Profit

$148.1M+6.7%

RRXCommercial Systems — Gross Profit*

$73.6M+18.5%

Other financials

Income statement

See full

Revenue$5.7B+9.2%

Gross profit$1.2B+6.0%

Operating income$376.0M+4.0%

Net income$235.4M+4.7%

EPS (diluted)$1.82+7.7%

Balance sheet

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Cash & equivalents$578.6M+22.7%

Total debt$5.8B-3.4%

Total equity$2.6B+10.0%

Total assets$16.5B+9.6%

Cash flow

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Operating cash flow$274.8M-4.3%

CapEx$26.4M-1.9%

Free cash flow$248.4M-4.6%

Valuation

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Market cap$16.4B-26.5%

Enterprise value$21.61B-22.2%

P/E15.2×-5.3×

P/S0.7×-0.3×

Profitability

See full

Gross margin21.6%-0.3pp

Operating margin7.3%-0.6pp

Net margin4.7%-0.4pp

FCF margin4.7%0.0pp

Returns & leverage

See full

Return on equity44.2%-4.5pp

Debt / equity2.3×-0.3×

Current ratio1.2×-0.2×

Where this comes from

Reported directly by CDW in its filing.

Tagged under the XBRL concept us-gaap:GrossProfit.

The official record: CDW’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CDW's commercial — gross profit?: CDW (CDW) reported commercial — gross profit of $798.1M in Q1 2026.
What does commercial — gross profit mean?: The profit remaining after subtracting the direct costs of goods and services from commercial segment revenue.
How do you interpret commercial — gross profit?: An increase signals improved pricing power or more favorable vendor cost structures, whereas a decrease indicates margin compression.
How does commercial — gross profit compare across companies?: Comparable to segment gross profit figures reported by peers in the IT solutions and hardware distribution space.