How CDW (CDW) Makes Money: A Visual Guide

CDW (CDW) generated $22.42B in revenue (TTM through Q4 2025), earning $1.07B in net profit (4.8% margin). Its largest revenue source is Total Hardware (71.7% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

CDW (CDW) Income Statement Flow

Frequently asked questions

How does CDW (CDW) make money?

CDW (CDW) primarily makes money through Total Hardware, which accounts for 71.7% of total revenue. For TTM through Q4 2025, CDW generated $22.42B in total revenue with a net profit margin of 4.8%.

What is CDW (CDW) gross profit margin?

CDW (CDW) reported a gross profit margin of 21.7% for TTM through Q4 2025, equivalent to $4.87B in gross profit. This means CDW retains 21.7% of each revenue unit after direct costs of production.

What is CDW (CDW) operating profit margin?

CDW (CDW) reported an operating profit margin of 7.4% for TTM through Q4 2025, equivalent to $1.66B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is CDW (CDW) net profit margin?

CDW (CDW) reported a net profit margin of 4.8% for TTM through Q4 2025, equivalent to $1.07B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does CDW (CDW) spend on capital expenditures?

CDW (CDW) spent $117.10M on capital expenditures in TTM through Q4 2025 (0.5% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is CDW (CDW) free cash flow?

CDW (CDW) generated $1.09B in free cash flow for TTM through Q4 2025 (4.9% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is CDW (CDW) effective tax rate?

CDW (CDW) had an effective tax rate of 25.3% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

About this data

What is a Sankey diagram?
A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?
Based on company filings through TTM through Q4 2025.