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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Cdw (CDW) Gross Margin (2016 - 2025)

Cdw (CDW) has disclosed Gross Margin for 16 consecutive years, with 22.76% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Gross Margin rose 48.0% year-over-year to 22.76%, compared with a TTM value of 21.73% through Dec 2025, down 18.0%, and an annual FY2025 reading of 21.73%, down 18.0% over the prior year.
  • Gross Margin was 22.76% for Q4 2025 at Cdw, up from 21.88% in the prior quarter.
  • Across five years, Gross Margin topped out at 22.99% in Q4 2023 and bottomed at 16.44% in Q1 2021.
  • Average Gross Margin over 5 years is 20.47%, with a median of 21.47% recorded in 2023.
  • The sharpest move saw Gross Margin surged 410bps in 2022, then crashed -105bps in 2025.
  • Year by year, Gross Margin stood at 17.62% in 2021, then increased by 23bps to 21.72% in 2022, then rose by 6bps to 22.99% in 2023, then dropped by -3bps to 22.28% in 2024, then rose by 2bps to 22.76% in 2025.
  • Business Quant data shows Gross Margin for CDW at 22.76% in Q4 2025, 21.88% in Q3 2025, and 20.77% in Q2 2025.