Company Dossier · Information Technology
CDW Corporation
- S&P 500
- Russell 1000
What CDW Corporation is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.
Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →
The latest read
Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.
- Revenue over the four quarters to June 30, 2026: $23.5 billion, up 7.4% from a year earlier.SEC EDGAR filings (XBRL)
- Free cash flow (operating cash flow minus capital expenditure) over the four quarters to June 30, 2026: $0.86 billion, down 16% from a year earlier.SEC EDGAR filings (XBRL)
- Capital expenditure over the four quarters to June 30, 2026: $0.12 billion, up 9.1% from a year earlier.SEC EDGAR filings (XBRL)
- Share buybacks in the fiscal year to December 31, 2025: $0.65 billion.SEC EDGAR filings (10-K)
- Long-term debt issued in the fiscal year to December 31, 2025: $0.59 billion.SEC EDGAR filings (10-K)
- Latest earnings call or results release (August 5, 2026): sentiment 0.80 on a −1 to +1 scale (confident, opportunity-framed), confidence 0.85 of 1.Palanor Discourse
- Latest annual report (filed February 20, 2026): 0 risk factors added, 7 removed.Risk Factor Changes (10-K Item 1A)
- Insiders were net sellers in Q3 2026: $3.7 million on the open market.SEC Form 4
- 759 institutional managers reported a position at June 30, 2026 (+1 on the quarter before).SEC Form 13F
- H-1B filings certified in Q2 2026: 17 (13 a year earlier).U.S. Department of Labor (OFLC)
Company Posture
How Company Posture is measured →What CDW Corporation is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.
Steady · Confident
Expanding ↔ Retrenching
Steady
- Capital spending51st pct
- Debt raised—
- Buybacks vs capex20th pct
- Hiring filings39th pct
- Deals and private raises97th pct
- Patent publications48th pct
Confident ↔ Hedging
Confident
- Call sentiment78th pct
- Call confidence68th pct
- Guidance changes—
- Risk factors added83rd pct
- Insider open-market trades83rd pct
- + Call sentiment
- + Insider open-market trades
- + Risk factors added
Pressure
Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).
- Fails-to-deliver41st pct
- Stress filings49th pct
Credit
How these are built →CDW Corporation's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.
Debt on the balance sheet
$5.8B
- Due within a year $1.0B
- Longer term $4.8B
- Default point $3.4B (short + ½ long)
Finance leases included · Jun 30, 2026 filing
Bonds priced, last 12 months
$1.5B
U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.
| Priced | Amount | Coupon | Matures | Spread | Yield |
|---|---|---|---|---|---|
| Sep 14, 2026 | $600M | 5.700% | 2029 (3y) | +100bp | 5.734% |
| Sep 14, 2026 | $500M | 6.100% | 2032 (5y) | +130bp | 6.102% |
| Sep 14, 2026 | $400M | 6.350% | 2033 (7y) | +150bp | 6.385% |
| Aug 12, 2024 | $600M | 5.100% | 2030 (6y) | +138bp | 5.123% |
| Aug 12, 2024 | $600M | 5.550% | 2034 (10y) | +168bp | 5.584% |
From the pricing term sheets CDW Corporation filed with the SEC. Spread is to the benchmark Treasury (or Bund, Gilt) at pricing.
Charts
Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.
Cash flow
Capital returned and raised
What the company says
Hiring and ownership
Filings and records
The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.
- Oct 20, 2026LobbyingLobbying report (MEHLMAN CONSULTING, INC.)third_quarter 2026 · $0.1 million
- Oct 19, 20268-KDirector or officer changeItem 5.02
- Sep 22, 2026Form D
- Sep 21, 20268-KMaterial agreement signedItem 1.01
- Sep 15, 20268-KMaterial agreement signedItem 1.01
- Aug 5, 20268-KDirector or officer changeItem 5.02
- Jul 17, 2026LobbyingLobbying report (MEHLMAN CONSULTING, INC.)second_quarter 2026 · $0.1 million
- Jun 18, 2026Federal awardFederal award from Department of Defense$18.8 million
- May 26, 20268-KShareholder vote resultsItem 5.07
- Apr 17, 2026LobbyingLobbying report (MEHLMAN CONSULTING, INC.)first_quarter 2026 · $0.1 million
- Mar 27, 20268-KDirector or officer changeItem 5.02
- Feb 20, 202610-KAnnual report (10-K)0 risk factors added, 7 removed
- Jan 20, 2026LobbyingLobbying report (MEHLMAN CONSULTING, INC.)fourth_quarter 2025 · $0.1 million
- Dec 23, 20258-KMaterial agreement signedItem 1.01
- Dec 23, 20258-KMaterial agreement terminatedItem 1.02
- Dec 23, 20258-KDirector or officer changeItem 5.02
- Oct 28, 20258-KDirector or officer changeItem 5.02
- Oct 20, 2025LobbyingLobbying report (MEHLMAN CONSULTING, INC.)third_quarter 2025 · $0.1 million
- Jul 10, 2025LobbyingLobbying report (MEHLMAN CONSULTING, INC.)third_quarter 2025
- May 22, 20258-KShareholder vote resultsItem 5.07
- Feb 21, 202510-KAnnual report (10-K)1 risk factors added, 0 removed
- Oct 25, 20248-KDirector or officer changeItem 5.02
- Feb 26, 202410-KAnnual report (10-K)1 risk factors added, 2 removed
Peers
Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.
| Company | Revenue | Free cash flow | Through |
|---|---|---|---|
| Avnet AVT | $27.6B | −$0.3B | Jun 27, 2026 |
| Arrow Electronics ARW | $35.9B | $0.8B | Jul 4, 2026 |
| Ingram Micro INGM | $56.0B | −$0.2B | Jun 27, 2026 |
| TD Synnex SNX | $75.7B | −$0.8B | Aug 31, 2026 |
| Lam Research LRCX | $23.2B | $4.9B | Jun 28, 2026 |
| Intuit Inc. INTU | $21.4B | $8.7B | Jul 31, 2026 |
| Cognizant CTSH | $21.4B | $2.5B | Mar 31, 2026 |
| Adobe Inc. ADBE | $26.0B | $10.6B | Aug 28, 2026 |