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CDW CDW Operating margin

Operating margin at other companies

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CSPCSPI
-4.7%-1.3pp
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Insight EnterprisesNSIT
4.6%+0.9pp
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AmazonAMZN
12.1%+0.7pp
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ePlusPLUS
6.8%+1.8pp
CNX
PC ConnectionCNXN
3.9%+0.5pp
Accenture logo
AccentureACN
14.5%-0.9pp

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
Net margin4.6%-0.3pp
FCF margin4.7%0.0pp

Returns & leverage

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Return on equity44%-2.4pp
Debt / equity2.4×+0.1×
Current ratio1.2×-0.2×

Where this comes from

Calculated from CDW’s reported figures.

Based on trailing twelve months.

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 operating margin?
CDW (CDW) reported operating margin of 7.1% in Q2 2026.
How has CDW's operating margin changed year-over-year?
CDW's operating margin decreased by 6.5% year-over-year, from 7.6% to 7.1%.
What is the long-term trend for CDW's operating margin?
Over 5 years (2020 to 2025), CDW's operating margin has grown at a 2.9% compound annual growth rate (CAGR), from 6.4% to 7.4%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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