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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's Gross Margin history spans 16 years, with the latest figure at 22.76% for Q4 2025.

  • For Q4 2025, Gross Margin rose 48.0% year-over-year to 22.76%; the TTM value through Dec 2025 reached 21.73%, down 18.0%, while the annual FY2025 figure was 21.73%, 18.0% down from the prior year.
  • Gross Margin reached 22.76% in Q4 2025 per CDW's latest filing, up from 21.88% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 22.99% in Q4 2023 to a low of 16.44% in Q1 2021.
  • Average Gross Margin over 5 years is 20.47%, with a median of 21.47% recorded in 2023.
  • Peak YoY movement for Gross Margin: surged 410bps in 2022, then crashed -105bps in 2025.
  • A 5-year view of Gross Margin shows it 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 grew by 2bps to 22.76% in 2025.
  • Per Business Quant, the three most recent readings for CDW's Gross Margin are 22.76% (Q4 2025), 21.88% (Q3 2025), and 20.77% (Q2 2025).