CDW Corp
CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and … Read more
CDW Corp (CDW) - Net Assets
Latest net assets as of September 2025: $2.61 Billion USD
Based on the latest financial reports, CDW Corp (CDW) has net assets worth $2.61 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($16.03 Billion) and total liabilities ($13.42 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.61 Billion |
| % of Total Assets | 16.26% |
| Annual Growth Rate | 16.11% |
| 5-Year Change | 269.29% |
| 10-Year Change | 149.27% |
| Growth Volatility | 90.5 |
CDW Corp - Net Assets Trend (1993–2025)
This chart illustrates how CDW Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CDW Corp (1993–2025)
The table below shows the annual net assets of CDW Corp from 1993 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.61 Billion | +10.77% |
| 2024-12-31 | $2.35 Billion | +15.19% |
| 2023-12-31 | $2.04 Billion | +27.39% |
| 2022-12-31 | $1.60 Billion | +127.19% |
| 2021-12-31 | $705.70 Million | -45.59% |
| 2020-12-31 | $1.30 Billion | +35.07% |
| 2019-12-31 | $960.30 Million | -1.53% |
| 2018-12-31 | $975.20 Million | -1.06% |
| 2017-12-31 | $985.60 Million | -5.73% |
| 2016-12-31 | $1.05 Billion | -4.60% |
| 2015-12-31 | $1.10 Billion | +17.02% |
| 2014-12-31 | $936.50 Million | +31.59% |
| 2013-12-31 | $711.70 Million | +421.39% |
| 2012-12-31 | $136.50 Million | +1969.86% |
| 2011-12-31 | $-7.30 Million | +83.22% |
| 2010-12-31 | $-43.50 Million | +2.68% |
| 2009-12-31 | $-44.70 Million | -117.05% |
| 2008-12-31 | $262.20 Million | -81.10% |
| 2006-12-31 | $1.39 Billion | +9.70% |
| 2005-12-31 | $1.26 Billion | +1.86% |
| 2004-12-31 | $1.24 Billion | +16.77% |
| 2003-12-31 | $1.06 Billion | +15.05% |
| 2002-12-31 | $924.07 Million | +18.67% |
| 2001-12-31 | $778.66 Million | +22.38% |
| 2000-12-31 | $636.25 Million | +62.73% |
| 1999-12-31 | $390.98 Million | +44.40% |
| 1998-12-31 | $270.76 Million | +35.45% |
| 1997-12-31 | $199.90 Million | +41.15% |
| 1996-12-31 | $141.62 Million | +33.35% |
| 1995-12-31 | $106.20 Million | +90.32% |
| 1994-12-31 | $55.80 Million | +154.79% |
| 1993-12-31 | $21.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CDW Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $2.61 Billion | 100.00% |
| Total Equity | $2.61 Billion | 100.00% |
CDW Corp Competitors by Market Cap
The table below lists competitors of CDW Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Asahi Group Holdings Ltd
PINK:ASBRF
|
$15.32 Billion |
|
CF Industries Holdings Inc
NYSE:CF
|
$15.33 Billion |
|
Bharat Electronics Limited
NSE:BEL_old
|
$15.34 Billion |
|
Hangzhou Hikvision Digital Technology Co Ltd
SHE:002415
|
$15.39 Billion |
|
Julius Bär Gruppe AG
XETRA:JGE
|
$15.28 Billion |
|
McCormick & Company Incorporated
NYSE:MKC
|
$15.28 Billion |
|
ARM Holdings
LSE:0ADF
|
$15.26 Billion |
|
Itaúsa - Investimentos Itaú SA
SA:ITSA3
|
$15.22 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CDW Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,352,700,000 to 2,606,100,000, a change of 253,400,000 (10.8%).
- Net income of 1,066,599,999 contributed positively to equity growth.
- Other comprehensive income increased equity by 160,100,000.
- Other factors decreased equity by 973,299,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.07 Billion | +40.93% |
| Other Comprehensive Income | $160.10 Million | +6.14% |
| Other Changes | $-973.30 Million | -37.35% |
| Total Change | $- | 10.77% |
Book Value vs Market Value Analysis
This analysis compares CDW Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.99x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 453.37x to 5.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $0.26 | $118.20 | x |
| 1994-12-31 | $0.74 | $118.20 | x |
| 1995-12-31 | $1.27 | $118.20 | x |
| 1996-12-31 | $1.67 | $118.20 | x |
| 1997-12-31 | $2.31 | $118.20 | x |
| 1998-12-31 | $3.17 | $118.20 | x |
| 1999-12-31 | $4.43 | $118.20 | x |
| 2000-12-31 | $7.00 | $118.20 | x |
| 2001-12-31 | $8.74 | $118.20 | x |
| 2002-12-31 | $10.47 | $118.20 | x |
| 2003-12-31 | $12.31 | $118.20 | x |
| 2004-12-31 | $14.34 | $118.20 | x |
| 2005-12-31 | $15.13 | $118.20 | x |
| 2006-12-31 | $17.20 | $118.20 | x |
| 2008-12-31 | $1.79 | $118.20 | x |
| 2009-12-31 | $-0.31 | $118.20 | x |
| 2010-12-31 | $-0.30 | $118.20 | x |
| 2011-12-31 | $-0.05 | $118.20 | x |
| 2012-12-31 | $0.94 | $118.20 | x |
| 2013-12-31 | $4.48 | $118.20 | x |
| 2014-12-31 | $5.42 | $118.20 | x |
| 2015-12-31 | $6.38 | $118.20 | x |
| 2016-12-31 | $6.30 | $118.20 | x |
| 2017-12-31 | $6.23 | $118.20 | x |
| 2018-12-31 | $6.35 | $118.20 | x |
| 2019-12-31 | $6.50 | $118.20 | x |
| 2020-12-31 | $8.96 | $118.20 | x |
| 2021-12-31 | $5.02 | $118.20 | x |
| 2022-12-31 | $11.70 | $118.20 | x |
| 2023-12-31 | $14.99 | $118.20 | x |
| 2024-12-31 | $17.40 | $118.20 | x |
| 2025-12-31 | $19.73 | $118.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CDW Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 40.93%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.76%
- • Asset Turnover: 1.40x
- • Equity Multiplier: 6.15x
- Recent ROE (40.93%) is above the historical average (15.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 57.53% | 4.65% | 7.90x | 1.57x | $10.41 Million |
| 1994 | 21.68% | 2.93% | 5.30x | 1.40x | $6.52 Million |
| 1995 | 18.93% | 3.20% | 4.70x | 1.26x | $9.48 Million |
| 1996 | 24.29% | 3.71% | 4.67x | 1.40x | $20.24 Million |
| 1997 | 25.51% | 3.99% | 4.74x | 1.35x | $31.01 Million |
| 1998 | 24.32% | 3.80% | 5.07x | 1.26x | $38.76 Million |
| 1999 | 25.09% | 3.83% | 5.06x | 1.29x | $58.99 Million |
| 2000 | 25.50% | 4.22% | 5.13x | 1.18x | $98.64 Million |
| 2001 | 21.66% | 4.26% | 4.23x | 1.20x | $90.82 Million |
| 2002 | 20.05% | 4.34% | 3.89x | 1.19x | $92.84 Million |
| 2003 | 16.51% | 3.76% | 3.56x | 1.24x | $69.07 Million |
| 2004 | 19.45% | 4.21% | 3.77x | 1.23x | $117.30 Million |
| 2005 | 21.52% | 4.32% | 3.82x | 1.30x | $145.64 Million |
| 2006 | 19.18% | 3.92% | 3.48x | 1.41x | $127.36 Million |
| 2008 | -673.19% | -21.87% | 1.29x | 23.94x | $-1.79 Billion |
| 2009 | 0.00% | -5.21% | 1.20x | 0.00x | $-368.93 Million |
| 2010 | 0.00% | -0.33% | 1.48x | 0.00x | $-24.85 Million |
| 2011 | 0.00% | 0.18% | 1.61x | 0.00x | $17.83 Million |
| 2012 | 87.18% | 1.17% | 1.77x | 41.90x | $105.35 Million |
| 2013 | 18.66% | 1.23% | 1.82x | 8.32x | $61.63 Million |
| 2014 | 26.15% | 2.03% | 1.99x | 6.49x | $151.25 Million |
| 2015 | 36.78% | 3.10% | 1.92x | 6.16x | $293.51 Million |
| 2016 | 40.66% | 3.11% | 1.97x | 6.65x | $320.55 Million |
| 2017 | 53.07% | 3.53% | 2.13x | 7.07x | $424.54 Million |
| 2018 | 65.94% | 3.96% | 2.27x | 7.35x | $545.48 Million |
| 2019 | 76.73% | 4.09% | 2.25x | 8.33x | $640.77 Million |
| 2020 | 60.79% | 4.27% | 1.98x | 7.20x | $658.79 Million |
| 2021 | 140.09% | 4.75% | 1.58x | 18.70x | $918.03 Million |
| 2022 | 69.51% | 4.69% | 1.81x | 8.19x | $954.17 Million |
| 2023 | 54.07% | 5.17% | 1.61x | 6.50x | $900.05 Million |
| 2024 | 45.81% | 5.13% | 1.43x | 6.24x | $842.53 Million |
| 2025 | 40.93% | 4.76% | 1.40x | 6.15x | $805.99 Million |
Industry Comparison
This section compares CDW Corp's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $3,830,255,773
- Average return on equity (ROE) among peers: 14.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CDW Corp (CDW) | $2.61 Billion | 57.53% | 5.15x | $15.31 Billion |
| Accenture plc (ACN) | $26.46 Billion | 25.97% | 0.94x | $121.95 Billion |
| adesso SE (ADSGF) | $92.48 Million | 18.84% | 2.47x | $184.00 Million |
| Atlantic Energy Solutions Inc (AESO) | $1.19 Million | 45.06% | 4.65x | $67.96 |
| Atos SE (AEXAF) | $5.23 Billion | 11.49% | 1.58x | $64.82K |
| AGILQ (AGILQ) | $94.65 Million | -21.20% | 1.34x | $5.00K |
| Alithya Group Inc (ALYAF) | $33.37 Million | -8.60% | 1.59x | $59.40 Million |
| Amadeus IT Group S.A (AMADF) | $5.06 Billion | 24.75% | 1.33x | $28.16 Billion |
| Amadeus IT Holding SA PK (AMADY) | $1.27 Billion | 57.67% | 2.98x | $24.80 Billion |
| Applied Digital Corporation (APLD) | $4.39 Million | -5.99% | 0.46x | $6.54 Billion |
| Amper S.A. (APMRF) | $63.30 Million | 0.22% | 5.45x | $216.95 Million |