CDW

What the company does

CDW is in the technology distributors industry, part of the information technology sector. The SEC files it under Retail-Catalog & Mail-Order Houses.

The full description of CDW's business is in Item 1 of its 10-K, linked below. This page shows its revenue by product or service and region.

Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the technology distributors industry. They are not a summary of CDW’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

1. CompetitionTechnology markets move fast, and rivals large and small can change prices or products.
2. Customer demandSpending by customers on technology rises and falls with their budgets and the economy.
3. Security and privacyCyberattacks, outages and data-privacy rules can raise costs or harm customer trust.
4. Supply and tradeReliance on suppliers and exposure to tariffs or export rules can limit what it can sell or build.
5. Intellectual propertyPatent claims and licensing disputes can lead to costs or limits on products.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

• Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
• Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
• Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
• Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
• Total debt: Short-term and long-term debt combined, at carrying value, as the company totals it.
• Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator

Recent filings

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Tracked funds that report owning CDW

• Point72 Asset Management: 1,018,144 shares, reported value $143.2M at Jun 30, 2026 (+5,151.1% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
• Citadel Advisors: 440,204 shares, reported value $61.9M at Jun 30, 2026 (−72.0% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
• Two Sigma Investments: 418,137 shares, reported value $58.8M at Jun 30, 2026 (−59.0% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
• Millennium Management: 88,615 shares, reported value $12.5M at Jun 30, 2026 (+166.4% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
• Renaissance Technologies: 19,998 shares, reported value $2.8M at Jun 30, 2026 (−96.2% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 13, 2026.
• Bridgewater Associates: 13,149 shares, reported value $1.8M at Jun 30, 2026 (−52.8% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.

From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.