CDW Corp (CDW) - Net Assets
Based on the latest financial reports, CDW Corp (CDW) has net assets worth $2.61 Billion USD as of December 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. Check asset resilience ratio of CDW Corp to evaluate the company's liquid asset resilience ratio.
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. Also explore CDW asset base for the complete picture of this company's asset base.
Annual Net Assets for CDW Corp (1993–2025)
The table below shows the annual net assets of CDW Corp from 1993 to 2025. For live valuation and market cap data, see CDW market cap.
| 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 14576.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.30 Million | 0.05% |
| Other Comprehensive Income | $-99.80 Million | -3.83% |
| Other Components | $3.98 Billion | 152.66% |
| 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 |
|---|---|
|
Woori Financial Group Inc
KO:316140
|
$16.52 Billion |
|
Unibail-Rodamco-Westfield
AU:URW
|
$16.52 Billion |
|
Jiangsu Zhongtian Technology Co Ltd
SHG:600522
|
$16.54 Billion |
|
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk
F:PTI
|
$16.56 Billion |
|
Beiersdorf Aktiengesellschaft
F:BEI
|
$16.50 Billion |
|
Innovent Biologics Inc
F:6IB
|
$16.50 Billion |
|
Sprott Physical Gold Trust
TO:PHYS
|
$16.48 Billion |
|
SS&C Technologies Holdings Inc
NASDAQ:SSNC
|
$16.48 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.
- Dividend payments of 328,600,000 reduced retained earnings.
- Share repurchases of 653,000,000 reduced equity.
- Other comprehensive income increased equity by 60,300,000.
- Other factors increased equity by 108,100,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.07 Billion | +40.93% |
| Dividends Paid | $328.60 Million | -12.61% |
| Share Repurchases | $653.00 Million | -25.06% |
| Other Comprehensive Income | $60.30 Million | +2.31% |
| Other Changes | $108.10 Million | +4.15% |
| 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: 6.90x
- 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 521.76x to 6.90x 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 | $136.03 | x |
| 1994-12-31 | $0.74 | $136.03 | x |
| 1995-12-31 | $1.27 | $136.03 | x |
| 1996-12-31 | $1.67 | $136.03 | x |
| 1997-12-31 | $2.31 | $136.03 | x |
| 1998-12-31 | $3.17 | $136.03 | x |
| 1999-12-31 | $4.43 | $136.03 | x |
| 2000-12-31 | $7.00 | $136.03 | x |
| 2001-12-31 | $8.74 | $136.03 | x |
| 2002-12-31 | $10.47 | $136.03 | x |
| 2003-12-31 | $12.31 | $136.03 | x |
| 2004-12-31 | $14.34 | $136.03 | x |
| 2005-12-31 | $15.13 | $136.03 | x |
| 2006-12-31 | $17.20 | $136.03 | x |
| 2008-12-31 | $1.79 | $136.03 | x |
| 2009-12-31 | $-0.31 | $136.03 | x |
| 2010-12-31 | $-0.30 | $136.03 | x |
| 2011-12-31 | $-0.05 | $136.03 | x |
| 2012-12-31 | $0.94 | $136.03 | x |
| 2013-12-31 | $4.48 | $136.03 | x |
| 2014-12-31 | $5.42 | $136.03 | x |
| 2015-12-31 | $6.38 | $136.03 | x |
| 2016-12-31 | $6.30 | $136.03 | x |
| 2017-12-31 | $6.23 | $136.03 | x |
| 2018-12-31 | $6.35 | $136.03 | x |
| 2019-12-31 | $6.50 | $136.03 | x |
| 2020-12-31 | $8.96 | $136.03 | x |
| 2021-12-31 | $5.02 | $136.03 | x |
| 2022-12-31 | $11.70 | $136.03 | x |
| 2023-12-31 | $14.99 | $136.03 | x |
| 2024-12-31 | $17.40 | $136.03 | x |
| 2025-12-31 | $19.73 | $136.03 | 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: $994,464,162
- Average return on equity (ROE) among peers: 2.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CDW Corp (CDW) | $2.61 Billion | 57.53% | 5.15x | $16.50 Billion |
| Accenture plc (ACN) | $2.68 Billion | 35.12% | 2.34x | $110.67 Billion |
| Alithya Group Inc (ALYAF) | $26.79 Million | -22.19% | 1.46x | $89.60 Million |
| Applied Digital Corporation (APLD) | $3.63 Million | -76.89% | 0.16x | $7.31 Billion |
| ARB IOT Group Limited Ordinary Shares (ARBB) | $318.84 Million | 8.10% | 0.24x | $8.21 Million |
| ASGN Inc (ASGN) | $1.38 Billion | 12.69% | 1.14x | $904.39 Million |
| Aurora Innovation Inc (AUR) | $1.99 Billion | -40.10% | 0.13x | $8.73 Billion |
| BigBearai Holdings Inc (BBAI) | $11.68 Million | 53.50% | 0.37x | $1.87 Billion |
| Broadridge Financial Solutions Inc (BR) | $745.80 Million | 25.77% | 2.80x | $18.21 Billion |
| BIT Mining Limited (BTCM) | $133.56 Million | 13.10% | 0.18x | $18.91 Million |
| CACI International Inc (CACI) | $2.67 Billion | 17.16% | 1.32x | $11.34 Billion |
About CDW Corp
CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Commercial, Government, and Education. 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