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CDW Valuation Multiples
Discover revenue and EBITDA valuation multiples for CDW and similar public comparables like TD Synnex, Nomura Research Institute, CGI, LTM Ltd and more.
CDW Overview
About CDW
CDW Corp is a multi-brand provider of information technology (IT) solutions to businesses, government, education, and healthcare customers in the United States, the United Kingdom, and Canada. The company's offerings range from hardware and software products to integrated IT solutions and services, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security. Its reportable segments are Corporate, Small Business, Public, and Other. The Corporate and Small Business segments serve US private sector business customers, while the Public segment consists of government agencies and education and healthcare institutions in the US. The Corporate segment generates the majority of its revenue in the United States.
Founded
2007
HQ
Employees
14.8K
Website
Financials (LTM)
EV
$22B
CDW Financials
CDW reported last 12-month revenue of $23B and EBITDA of $2B.
In the same LTM period, CDW generated $5B in gross profit, $2B in EBITDA, and $1B in net income.
Revenue (LTM)
CDW P&L
In the most recent fiscal year, CDW reported revenue of $22B and EBITDA of $2B.
CDW expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $23B | XXX | $22B | XXX | XXX | XXX |
| Gross Profit | $5B | XXX | $5B | XXX | XXX | XXX |
| Gross Margin | 22% | XXX | 22% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | — | — | $5B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
CDW Stock Performance
CDW has current market cap of $17B, and enterprise value of $22B.
Market Cap Evolution
CDW's stock price is $133.96.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $22B | $17B | 0.0% | XXX | XXX | XXX | $10.34 |
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Start Free TrialCDW Valuation Multiples
CDW trades at 1.0x EV/Revenue multiple, and 10.4x EV/EBITDA.
EV / Revenue (LTM)
CDW Financial Valuation Multiples
As of April 19, 2026, CDW has market cap of $17B and EV of $22B.
Equity research analysts estimate CDW's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
CDW has a P/E ratio of 12.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $17B | XXX | $17B | XXX | XXX | XXX |
| EV (current) | $22B | XXX | $22B | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | 1.0x | XXX | XXX | XXX |
| EV/EBITDA | 10.4x | XXX | 10.5x | XXX | XXX | XXX |
| EV/EBIT | 11.0x | XXX | 11.2x | XXX | XXX | XXX |
| EV/Gross Profit | 4.6x | XXX | 4.6x | XXX | XXX | XXX |
| P/E | 12.8x | XXX | 13.0x | XXX | XXX | XXX |
| EV/FCF | 19.7x | XXX | 20.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified CDW Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
CDW Margins & Growth Rates
CDW's revenue in the last 12 month grew by 3%.
CDW's revenue per employee in the last FY averaged $1.5M, while opex per employee averaged $0.2M for the same period.
CDW's rule of 40 is 12% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
CDW's rule of X is 17% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
CDW Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | 2% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 12% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 17% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 14% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
CDW Public Comps
See public comps and valuation multiples for other IT Consulting and Cloud Infrastructure comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| CDW | XXX | XXX | XXX | XXX | XXX | XXX |
| TD Synnex | XXX | XXX | XXX | XXX | XXX | XXX |
| Nomura Research Institute | XXX | XXX | XXX | XXX | XXX | XXX |
| CGI | XXX | XXX | XXX | XXX | XXX | XXX |
| LTM Ltd | XXX | XXX | XXX | XXX | XXX | XXX |
| LTIMindtree | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
CDW M&A Activity
CDW acquired XXX companies to date.
Last acquisition by CDW was on XXXXXXXX, XXXXX. CDW acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by CDW
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCDW Investment Activity
CDW invested in XXX companies to date.
CDW made its latest investment on XXXXXXXX, XXXXX. CDW invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by CDW
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout CDW
| When was CDW founded? | CDW was founded in 2007. |
| Where is CDW headquartered? | CDW is headquartered in United States. |
| How many employees does CDW have? | As of today, CDW has over 14K employees. |
| Who is the CEO of CDW? | CDW's CEO is Christine A. Leahy. |
| Is CDW publicly listed? | Yes, CDW is a public company listed on Nasdaq. |
| What is the stock symbol of CDW? | CDW trades under CDW ticker. |
| When did CDW go public? | CDW went public in 2013. |
| Who are competitors of CDW? | CDW main competitors are TD Synnex, Nomura Research Institute, CGI, LTM Ltd. |
| What is the current market cap of CDW? | CDW's current market cap is $17B. |
| What is the current revenue of CDW? | CDW's last 12 months revenue is $23B. |
| What is the current revenue growth of CDW? | CDW revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of CDW? | Current revenue multiple of CDW is 1.0x. |
| Is CDW profitable? | Yes, CDW is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of CDW? | CDW's last 12 months EBITDA is $2B. |
| What is CDW's EBITDA margin? | CDW's last 12 months EBITDA margin is 9%. |
| What is the current EV/EBITDA multiple of CDW? | Current EBITDA multiple of CDW is 10.4x. |
| What is the current FCF of CDW? | CDW's last 12 months FCF is $1B. |
| What is CDW's FCF margin? | CDW's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of CDW? | Current FCF multiple of CDW is 19.7x. |
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