CDW vs EXLS vs WIT Stock Comparison

Cdw, ExlService Holdings and Wipro Prices as of Oct 23, 2026 Peers: Industry group
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CDW CDW Corp
$165.11 +13.0% 1M +4.2% 1Y
Market cap
$20.73B
P/E
19.2x
Revenue (TTM)
$23.50B
Div. yield
0.02%
Technology Distribution Technology
2 wins
WIT Wipro Ltd
$2.12 +26.2% 1M -21.8% 1Y
Market cap
$21.84B
P/E
15.5x
Revenue (TTM)
$10.37B
Div. yield
–
IT Services Technology
3 wins

Head to Head

11 decided of 12

ExlService Holdings leads on 6 of the 12 questions below (ExlService Holdings 6, Wipro 3, Cdw 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCDWEXLSWITLeader
Larger companyMarket capitalisation $20.73B $6.37B $21.84B WIT
Cheaper on earningsLower P/E, profitable companies only 19.2x 25.5x 15.5x WIT
Cheaper on forward earningsLower price / next fiscal year consensus EPS 14.1x 19.6x 15.1x CDW
Faster revenue growthRevenue growth, trailing twelve months +7.4% +13.6% -0.4% EXLS
More profitableNet margin, trailing twelve months 4.6% 11.2% 13.6% WIT
Better return on capitalReturn on invested capital 15.2% 21.0% 16.6% EXLS
Less leveragedLower net debt / EBITDA 2.8x 0.2x 0.4x EXLS
Higher dividend yieldTrailing dividend yield 0.02% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +4.2% +2.4% -21.8% CDW
Better 5-year returnAnnualised price return, 5 years -2.9%/yr +11.2%/yr -14.9%/yr EXLS
Less volatileAnnualised volatility, 1 year 47.7% 43.3% 46.6% EXLS
Higher overall scoreMean of the five percentile scores vs peers 37/100 64/100 50/100 EXLS

Percentile Scorecard

CDWEXLSWIT

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCDWEXLSWIT
Valuation 20 #40 of 50 16 #42 of 50 37 #32 of 50
Growth 25 #34 of 45 75 #12 of 45 14 #39 of 45
Profitability 73 #12 of 41 95 #3 of 41 93 #4 of 41
Financial Health 10 #56 of 62 59 #26 of 62 56 #28 of 62
Shareholder Returns 59 #13 of 30 72 #9 of 30 52 #15 of 30
Overall 37 64 50
  • CDW ranked among 66 companies in Technology Services
  • EXLS ranked among 66 companies in Technology Services
  • WIT ranked among 66 companies in Technology Services

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCDWEXLSWITSPY
1 month +13.0%+21.4%+26.2% -1.0%
3 months +23.4%+52.9%+14.0% +2.9%
6 months +22.0%+39.1%+3.9% +6.4%
Year to date +21.2%-0.3%-25.4% +11.4%
1 year +4.2%+2.4%-21.8% +13.1%
3 years -17.4%+63.7%-6.8% +79.4%
3 years, per year -6.2%+17.9%-2.3% +21.5%
5 years -13.8%+70.2%-55.5% +67.7%
5 years, per year -2.9%+11.2%-14.9% +10.9%
10 years +272.7%+344.3%+15.6% +255.2%
10 years, per year +14.1%+16.1%+1.5% +13.5%

Risk

MeasureCDWEXLSWITSPY
Volatility, 1Y 47.7%43.3%46.6% 12.7%
Downside volatility, 1Y 52.2%45.6%47.0% 12.7%
Beta vs S&P 500, 1Y 0.73-0.050.44 1.00
Return / volatility, 1Y 0.090.05-0.47 1.03
Max drawdown, 5Y -61.5%-51.3%-66.8% -25.4%
From 52-week high 0.0%-2.5%-30.7% -2.5%
52-week high $165.11$43.38$3.06 $779.14
52-week low $99.30$25.22$1.62 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCDWEXLSWIT
P/E now vs peer median 19.4xmedian 17.7x 25.8xmedian 17.7x 15.8xmedian 17.7x
P/S now vs peer median 0.9xmedian 0.6x 2.9xmedian 0.6x 2.1xmedian 0.6x
EV/EBITDA now vs peer median 13.2xmedian 11.0x 16.6xmedian 11.0x 11.3xmedian 11.0x
P/FCF now vs peer median 24.1xmedian 12.3x 23.3xmedian 12.3x 14.1xmedian 12.3x
P/B now vs peer median 8.5xmedian 1.4x 7.4xmedian 1.4x 2.7xmedian 1.4x
PEG now vs peer median 8.41median 1.54 1.50median 1.54 11.83median 1.54

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCDWEXLSWIT
Revenue $23.50B $2.24B $10.37B
Gross profit $5.02B $861.62M $3.00B
Operating income $1.68B $333.32M $1.68B
Net income $1.08B $250.00M $1.43B
Free cash flow $860.20M $275.04M $1.57B
EPS (diluted) $8.48 $1.64 $0.13
Cash & equivalents $361.80M $126.72M $992.00M
Total debt $22.72B $381.16M $7.07B
Shares (diluted) 127.40M 152.83M 10.50B
Enterprise value $18.72B $5.11B $16.99B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCDWEXLSWIT
P/E 19.4x 25.8x 15.8x
P/FCF 24.1x 23.3x 14.1x
P/Operating cash flow 21.1x 19.6x 12.9x
P/S 0.9x 2.9x 2.1x
P/B 8.5x 7.4x 2.7x
P/Tangible book 15.4x 7.7x 2.9x
EV/EBITDA 13.2x 16.6x 11.3x
EV/EBIT 15.6x 19.5x 13.7x
EV/Revenue 1.1x 2.9x 2.2x
EV/FCF 30.4x 23.7x 14.7x
EV/Operating cash flow 26.6x 19.9x 13.3x
PEG (3Y EPS CAGR) 8.41 1.50 11.83

Growth

14 metrics
MetricCDWEXLSWIT
Revenue growth (1Y) 7.4% 13.6% -0.4%
Revenue CAGR (3Y) 1.6% 13.2% -2.4%
Gross profit growth (1Y) 6.4% 15.0% -4.6%
Gross profit CAGR (3Y) 2.3% 14.8% -3.1%
Operating income growth (1Y) 0.4% 11.0% -4.6%
Operating income CAGR (3Y) 0.0% 13.9% -36.3%
Net income growth (1Y) 0.3% 5.8% -9.5%
Net income CAGR (3Y) 0.1% 13.4% 0.1%
EPS growth (1Y) 4.3% 13.7% -10.4%
EPS CAGR (3Y) 2.3% 17.2% 1.3%
Operating cash flow growth (1Y) -13.2% -0.1% -8.4%
Operating cash flow CAGR (3Y) -5.6% 22.9% -3.2%
Free cash flow growth (1Y) -15.6% -1.0% -9.1%
Free cash flow CAGR (3Y) -5.9% 28.1% -8.2%

Profitability

14 metrics
MetricCDWEXLSWIT
Gross margin 21.4% 38.5% 28.9%
EBITDA margin 8.4% 17.6% 19.6%
Operating margin 7.1% 14.9% 16.2%
Pretax margin 6.2% 14.5% 17.9%
Net margin 4.6% 11.2% 13.6%
FCF margin 3.7% 12.3% 15.2%
Operating cash flow margin 4.2% 14.6% 16.7%
Return on equity 43.2% 30.4% 17.1%
Return on assets 6.4% 14.6% 10.1%
Return on invested capital 15.2% 21.0% 16.6%
Return on capital employed 19.6% 33.1% 17.6%
Asset turnover 1.4x 1.3x 0.7x
Cash conversion (OCF / net income) 0.9x 1.3x 1.2x
Stock comp / revenue 0.4% 4.1% 0.5%

Financial Health

11 metrics
MetricCDWEXLSWIT
Debt / assets 33.7% 21.8% 13.6%
Debt / equity 2.4x 0.4x 0.2x
Net debt / EBITDA 2.8x 0.2x 0.4x
Debt / FCF 6.8x 1.4x 1.2x
Liabilities / assets 85.8% 50.4% 41.4%
Equity / assets 14.2% 49.6% 58.6%
Interest coverage – 18.3x 8.4x
Current ratio 1.2x 1.2x 1.7x
Quick ratio 1.3x 1.3x 0.6x
Cash ratio 0.0x 0.4x 0.3x
Altman Z-score 2.50 7.73 4.31

Shareholder Returns

7 metrics
MetricCDWEXLSWIT
Dividend yield 1.5% – 4.2%
Net buyback yield 4.0% 7.0% 0.0%
Shareholder yield 5.6% 7.0% 4.2%
Payout ratio (earnings) 30.0% – –
Payout ratio (FCF) 37.7% – –
Dividend growth (1Y) -2.0% – –
Dividend CAGR (3Y) 1.9% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCDWEXLSWIT
Forward P/E 14.1xFY2026 19.6xFY2026 15.1xFY2026
EPS, next fiscal year $11.73FY2026 $2.16FY2026 $0.14FY2026
EPS growth, next FY +17.1%FY2026 +10.8%FY2026 0.0%FY2026
EPS growth, the year after +7.4% +26.4% -7.1%
Revenue, next fiscal year $22.80BFY2026 $2.53BFY2026 $10.81BFY2026
Revenue growth, next FY +1.7%FY2026 +21.3%FY2026 +8.4%FY2026
Revenue growth, the year after +4.2% +3.5% +1.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCDWEXLSWIT
Held by institutions 100.0% 100.0% 3.1%
Institutions holding 752 442 297
Change in shares held, QoQ +7.2% +1.7% -3.4%
Institutions buying 370 211 175
Institutions selling 295 188 93
Buyers to sellers 1.25 1.12 1.88

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CDWEXLSWIT
CDW 1.00 0.28 0.20
EXLS 0.28 1.00 0.29
WIT 0.20 0.29 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CDW, EXLS and WIT?

Wipro (WIT) is the largest by market capitalisation: Cdw (CDW) $20.73B, ExlService Holdings (EXLS) $6.37B, Wipro (WIT) $21.84B.

Which stock is cheaper, CDW, EXLS and WIT?

Wipro (WIT) trades on the lowest price-to-earnings ratio (Cdw (CDW) 19.2x, ExlService Holdings (EXLS) 25.5x, Wipro (WIT) 15.5x). On next year's consensus earnings, Cdw (CDW) is cheapest (Cdw (CDW) 14.1x, ExlService Holdings (EXLS) 19.6x, Wipro (WIT) 15.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

ExlService Holdings (EXLS) grew revenue fastest over the trailing twelve months: Cdw (CDW) +7.4%, ExlService Holdings (EXLS) +13.6%, Wipro (WIT) -0.4%.

Which company is more profitable?

Wipro (WIT) has the highest net margin (Cdw (CDW) 4.6%, ExlService Holdings (EXLS) 11.2%, Wipro (WIT) 13.6%). On return on invested capital, ExlService Holdings (EXLS) leads (Cdw (CDW) 15.2%, ExlService Holdings (EXLS) 21.0%, Wipro (WIT) 16.6%).

Which stock has performed better?

Over the past year Cdw (CDW) returned the most: Cdw (CDW) +4.2%, ExlService Holdings (EXLS) +2.4%, Wipro (WIT) -21.8%. Over five years, ExlService Holdings (EXLS) compounded fastest (Cdw (CDW) -2.9%/yr, ExlService Holdings (EXLS) +11.2%/yr, Wipro (WIT) -14.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Cdw (CDW) 0.02%, ExlService Holdings (EXLS) 0.00%, Wipro (WIT) 0.00%. ExlService Holdings (EXLS) and Wipro (WIT) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, ExlService Holdings (EXLS) has been the steadiest (Cdw (CDW) 47.7%, ExlService Holdings (EXLS) 43.3%, Wipro (WIT) 46.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CDW, EXLS and WIT?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, ExlService Holdings (EXLS) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.