CDW (CDW) seasonality heatmap
Returns across monthly, quarterly, and yearly periods. Cell color encodes signed magnitude; the scale auto-fits each table.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -7.2% | -2.5% | -1.3% | +13.1% | -8.4% | +5.4% | — | — | — | — | — | — |
| 2025 | +14.4% | -10.2% | -10.1% | +0.2% | +12.7% | -1.0% | -2.4% | -5.2% | -3.3% | +0.1% | -9.1% | -5.6% |
| 2024 | -0.3% | +8.9% | +3.9% | -5.4% | -7.3% | +0.1% | -2.6% | +3.7% | +0.3% | -16.8% | -6.2% | -1.1% |
| 2023 | +9.8% | +3.6% | -3.7% | -13.0% | +1.6% | +6.9% | +1.9% | +13.2% | -4.4% | -0.7% | +5.5% | +7.8% |
| 2022 | -7.7% | -8.5% | +3.7% | -8.8% | +4.4% | -7.2% | +15.2% | -5.7% | -8.6% | +10.7% | +9.5% | -5.3% |
| 2021 | -0.1% | +19.5% | +5.6% | +7.6% | -7.0% | +5.6% | +5.0% | +9.6% | -9.3% | +2.5% | +1.7% | +8.1% |
| 2020 | -8.7% | -12.2% | -18.3% | +18.8% | +0.4% | +4.7% | +0.1% | -1.9% | +5.2% | +2.6% | +6.8% | +1.0% |
| 2019 | +2.7% | +13.1% | +2.6% | +9.6% | -6.5% | +12.8% | +6.5% | -2.0% | +6.7% | +3.8% | +5.9% | +5.8% |
| 2018 | +7.6% | -2.2% | -3.6% | +1.4% | +12.6% | +0.9% | +4.1% | +4.4% | +1.6% | +1.2% | +3.3% | -12.5% |
| 2017 | -1.1% | +14.6% | -2.0% | +2.4% | +2.1% | +3.9% | +1.4% | +0.2% | +4.1% | +6.1% | +0.3% | -0.7% |
| 2016 | -8.5% | +3.2% | +4.8% | -7.2% | +10.8% | -5.8% | +7.1% | +4.2% | +2.4% | -1.8% | +14.4% | +1.7% |
| 2015 | -2.6% | +10.0% | -1.0% | +2.9% | -3.0% | -7.6% | +4.8% | +10.8% | +2.8% | +9.4% | -3.2% | -2.6% |
| 2014 | +1.3% | +10.8% | +4.9% | +2.7% | +4.5% | +8.4% | -3.1% | +7.1% | -6.0% | -0.7% | +14.0% | +0.2% |
| 2013 | — | — | — | — | — | — | +15.5% | +2.0% | +4.1% | -3.7% | +1.6% | +4.8% |
| Avg | -0.0% | +3.7% | -1.1% | +1.9% | +1.3% | +1.8% | +4.1% | +3.1% | -0.3% | +1.0% | +3.4% | +0.1% |
| Median | -0.3% | +3.6% | -1.0% | +2.4% | +1.6% | +2.4% | +4.1% | +3.7% | +1.6% | +1.2% | +3.3% | +0.2% |
| Last 5Y Avg | +1.8% | -1.8% | -1.5% | -2.8% | +0.6% | +0.9% | +3.4% | +3.1% | -5.1% | -0.8% | +0.3% | +0.8% |
| Std Dev (σ) | 7.3% | 10.2% | 6.9% | 9.0% | 7.6% | 6.4% | 6.0% | 6.0% | 5.4% | 6.8% | 7.1% | 5.9% |
| Consistency (μ/σ) | -0.00 | 0.36 | -0.16 | 0.21 | 0.17 | 0.28 | 0.68 | 0.52 | -0.06 | 0.14 | 0.48 | 0.02 |
| Win Rate (%) | 38% | 62% | 46% | 69% | 62% | 67% | 77% | 69% | 62% | 62% | 77% | 54% |
| Winning / Losing Months | ▲5▼8 | ▲8▼5 | ▲6▼7 | ▲9▼4 | ▲8▼5 | ▲8▼4 | ▲10▼3 | ▲9▼4 | ▲8▼5 | ▲8▼5 | ▲10▼3 | ▲7▼6 |
| Longest Win / Loss Streak | ▲2▼3 | ▲4▼2 | ▲2▼2 | ▲5▼3 | ▲3▼1 | ▲5▼2 | ▲9▼2 | ▲6▼2 | ▲6▼3 | ▲6▼2 | ▲8▼2 | ▲3▼2 |
| Best | +14.4%in January 2025 | +19.5%in February 2021 | +5.6%in March 2021 | +18.8%in April 2020 | +12.7%in May 2025 | +12.8%in June 2019 | +15.5%in July 2013 | +13.2%in August 2023 | +6.7%in September 2019 | +10.7%in October 2022 | +14.4%in November 2016 | +8.1%in December 2021 |
| Worst | -8.7%in January 2020 | -12.2%in February 2020 | -18.3%in March 2020 | -13.0%in April 2023 | -8.4%in May 2026 | -7.6%in June 2015 | -3.1%in July 2014 | -5.7%in August 2022 | -9.3%in September 2021 | -16.8%in October 2024 | -9.1%in November 2025 | -12.5%in December 2018 |
−18.3%+19.5%
2026
Jan-7.2%
Feb-2.5%
Mar-1.3%
Apr+13.1%
May-8.4%
Jun+5.4%
Jul—
Aug—
Sep—
Oct—
Nov—
Dec—
2025
Jan+14.4%
Feb-10.2%
Mar-10.1%
Apr+0.2%
May+12.7%
Jun-1.0%
Jul-2.4%
Aug-5.2%
Sep-3.3%
Oct+0.1%
Nov-9.1%
Dec-5.6%
2024
Jan-0.3%
Feb+8.9%
Mar+3.9%
Apr-5.4%
May-7.3%
Jun+0.1%
Jul-2.6%
Aug+3.7%
Sep+0.3%
Oct-16.8%
Nov-6.2%
Dec-1.1%
2023
Jan+9.8%
Feb+3.6%
Mar-3.7%
Apr-13.0%
May+1.6%
Jun+6.9%
Jul+1.9%
Aug+13.2%
Sep-4.4%
Oct-0.7%
Nov+5.5%
Dec+7.8%
2022
Jan-7.7%
Feb-8.5%
Mar+3.7%
Apr-8.8%
May+4.4%
Jun-7.2%
Jul+15.2%
Aug-5.7%
Sep-8.6%
Oct+10.7%
Nov+9.5%
Dec-5.3%
2021
Jan-0.1%
Feb+19.5%
Mar+5.6%
Apr+7.6%
May-7.0%
Jun+5.6%
Jul+5.0%
Aug+9.6%
Sep-9.3%
Oct+2.5%
Nov+1.7%
Dec+8.1%
2020
Jan-8.7%
Feb-12.2%
Mar-18.3%
Apr+18.8%
May+0.4%
Jun+4.7%
Jul+0.1%
Aug-1.9%
Sep+5.2%
Oct+2.6%
Nov+6.8%
Dec+1.0%
2019
Jan+2.7%
Feb+13.1%
Mar+2.6%
Apr+9.6%
May-6.5%
Jun+12.8%
Jul+6.5%
Aug-2.0%
Sep+6.7%
Oct+3.8%
Nov+5.9%
Dec+5.8%
2018
Jan+7.6%
Feb-2.2%
Mar-3.6%
Apr+1.4%
May+12.6%
Jun+0.9%
Jul+4.1%
Aug+4.4%
Sep+1.6%
Oct+1.2%
Nov+3.3%
Dec-12.5%
2017
Jan-1.1%
Feb+14.6%
Mar-2.0%
Apr+2.4%
May+2.1%
Jun+3.9%
Jul+1.4%
Aug+0.2%
Sep+4.1%
Oct+6.1%
Nov+0.3%
Dec-0.7%
2016
Jan-8.5%
Feb+3.2%
Mar+4.8%
Apr-7.2%
May+10.8%
Jun-5.8%
Jul+7.1%
Aug+4.2%
Sep+2.4%
Oct-1.8%
Nov+14.4%
Dec+1.7%
2015
Jan-2.6%
Feb+10.0%
Mar-1.0%
Apr+2.9%
May-3.0%
Jun-7.6%
Jul+4.8%
Aug+10.8%
Sep+2.8%
Oct+9.4%
Nov-3.2%
Dec-2.6%
2014
Jan+1.3%
Feb+10.8%
Mar+4.9%
Apr+2.7%
May+4.5%
Jun+8.4%
Jul-3.1%
Aug+7.1%
Sep-6.0%
Oct-0.7%
Nov+14.0%
Dec+0.2%
2013
Jan—
Feb—
Mar—
Apr—
May—
Jun—
Jul+15.5%
Aug+2.0%
Sep+4.1%
Oct-3.7%
Nov+1.6%
Dec+4.8%
Avg
Jan-0.0%
Feb+3.7%
Mar-1.1%
Apr+1.9%
May+1.3%
Jun+1.8%
Jul+4.1%
Aug+3.1%
Sep-0.3%
Oct+1.0%
Nov+3.4%
Dec+0.1%
Median
Jan-0.3%
Feb+3.6%
Mar-1.0%
Apr+2.4%
May+1.6%
Jun+2.4%
Jul+4.1%
Aug+3.7%
Sep+1.6%
Oct+1.2%
Nov+3.3%
Dec+0.2%
Last 5Y Avg
Jan+1.8%
Feb-1.8%
Mar-1.5%
Apr-2.8%
May+0.6%
Jun+0.9%
Jul+3.4%
Aug+3.1%
Sep-5.1%
Oct-0.8%
Nov+0.3%
Dec+0.8%
Std Dev (σ)
Jan7.3%
Feb10.2%
Mar6.9%
Apr9.0%
May7.6%
Jun6.4%
Jul6.0%
Aug6.0%
Sep5.4%
Oct6.8%
Nov7.1%
Dec5.9%
Consistency (μ/σ)
Jan-0.00
Feb0.36
Mar-0.16
Apr0.21
May0.17
Jun0.28
Jul0.68
Aug0.52
Sep-0.06
Oct0.14
Nov0.48
Dec0.02
Win Rate (%)
Jan38%
Feb62%
Mar46%
Apr69%
May62%
Jun67%
Jul77%
Aug69%
Sep62%
Oct62%
Nov77%
Dec54%
Winning / Losing Months
Jan▲5▼8
Feb▲8▼5
Mar▲6▼7
Apr▲9▼4
May▲8▼5
Jun▲8▼4
Jul▲10▼3
Aug▲9▼4
Sep▲8▼5
Oct▲8▼5
Nov▲10▼3
Dec▲7▼6
Longest Win / Loss Streak
Jan▲2▼3
Feb▲4▼2
Mar▲2▼2
Apr▲5▼3
May▲3▼1
Jun▲5▼2
Jul▲9▼2
Aug▲6▼2
Sep▲6▼3
Oct▲6▼2
Nov▲8▼2
Dec▲3▼2
Best
Jan+14.4%2025
Feb+19.5%2021
Mar+5.6%2021
Apr+18.8%2020
May+12.7%2025
Jun+12.8%2019
Jul+15.5%2013
Aug+13.2%2023
Sep+6.7%2019
Oct+10.7%2022
Nov+14.4%2016
Dec+8.1%2021
Worst
Jan-8.7%2020
Feb-12.2%2020
Mar-18.3%2020
Apr-13.0%2023
May-8.4%2026
Jun-7.6%2015
Jul-3.1%2014
Aug-5.7%2022
Sep-9.3%2021
Oct-16.8%2024
Nov-9.1%2025
Dec-12.5%2018
−18.3%+19.5%
Frequently asked questions
Data & methodology
CDW (CDW) Key Financials
Charts, filings, and peer comparison for every metric
Income Statement
Balance Sheet
Cash Flow
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
Overview
Income Statement