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CDW CDW Debt-to-equity

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Other financials

Income statement

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Revenue$6.6B+10.0%
Gross profit$1.3B+6.3%
Operating income$428.6M+2.0%
Net income$274.4M+1.2%
EPS (diluted)$2.15+4.9%

Balance sheet

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Cash & equivalents$361.8M-24.8%
Total debt$6.0B+3.4%
Total equity$2.4B-1.0%
Total assets$17.3B+13.0%

Cash flow

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Operating cash flow$274.8M-4.3%
CapEx$27.5M+22.2%
Free cash flow$248.4M-4.6%

Valuation

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Market cap$17.9B-17.9%
Enterprise value$23.5B-13.2%
P/E16.6×-3.7×
P/S0.8×-0.2×

Profitability

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Gross margin21.4%-0.2pp
Operating margin7.1%-0.5pp
Net margin4.6%-0.3pp
FCF margin4.7%0.0pp

Returns & leverage

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Return on equity44%-2.4pp
Current ratio1.2×-0.2×

Where this comes from

Calculated from CDW’s reported figures.

Based on the most recent quarter.

The source filing: CDW’s 10-Q, filed August 5, 2026. Open the filing →

Filed
Aug 5, 2026, 4:04 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001402057-26-000065

FAQ

What is CDW's debt-to-equity?
CDW (CDW) reported debt-to-equity of 2.4× in Q2 2026.
How has CDW's debt-to-equity changed year-over-year?
CDW's debt-to-equity increased by 4.4% year-over-year, from 2.3× to 2.4×.
What is the long-term trend for CDW's debt-to-equity?
Over 5 years (2020 to 2025), CDW's debt-to-equity has grown at a -6.8% compound annual growth rate (CAGR), from 3.2× to 2.2×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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