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CDW CDW Corporate — Cost of Sales

Discontinued — last reported Q4 '25

Other segment segments

Commercial
$2.77B
Other
$647.8M+18.2%
Education
$562.5M
Government
$508.2M

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Other financials

Income statement

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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:CostOfGoodsAndServicesSold.

The official record: CDW’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CDW's corporate — cost of sales?
CDW (CDW) reported corporate — cost of sales of $1.8B in Q4 2025.
How has CDW's corporate — cost of sales changed year-over-year?
CDW's corporate — cost of sales increased by 0.6% year-over-year, from $1.79B to $1.8B.
What is the long-term trend for CDW's corporate — cost of sales?
Over 3 years (2022 to 2025), CDW's corporate — cost of sales has grown at a -3.9% compound annual growth rate (CAGR), from $8.17B to $7.24B.
What does corporate — cost of sales mean?
The direct costs incurred to provide the products and services sold by the corporate segment.
How do you interpret corporate — cost of sales?
Lower cost of sales relative to revenue indicates improved procurement efficiency or better pricing power.
How does corporate — cost of sales compare across companies?
Standard metric for all product-based companies; essential for margin analysis.