CDW Corporation

CDWNASDAQTechnology● Active

$136.84

+$3.80(+2.86%)

Market Cap$17.5B

P/E Ratio—

52W High$183.91

52W Low$97.12

Avg Volume1.9M

Open$133.66

Beta0.99

Free Cash Flow Financials Revenue

CDW Corporation (CDW) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CDW · free cash flow · updated Jun 8, 2026

Core FCF metrics

CDW · FCF · TTM · margin & CAGR

Free cash flow was $1.09B for FY2025 (fiscal year ending 2025-12-31), down 5.8% year-over-year The FCF margin was 4.8%. Five-year CAGR stands at -1.2%.

FY2025 Free Cash Flow$1.09B▼ -5.8% YoY

Trailing 12M (TTM)$1.08Btrailing 4 quarters sum

FCF Margin4.8%$1.09B ÷ revenue

3-Year CAGR-3.4%FY2022 → FY2025

5-Year CAGR-1.2%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CDW · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.21B(117M)$1.09B▼ 5.8%4.8%

FY2024$1.28B(123M)$1.15B▼ 20.4%5.5%

FY2023$1.60B(148M)$1.45B▲ +20.1%6.8%

FY2022$1.34B(128M)$1.21B▲ +76.5%5.1%

FY2021$784.6M(100M)$684.6M▼ 40.8%3.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CDW · P/FCF · FCF yield · FCF per share

CDW Corporation (CDW) trades at a FCF yield of 6.20% and a price-to-free-cash-flow ratio of 16.7x. FCF per share stands at $8.20, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

6.20%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$8.20

TTM FCF ÷ Shares Outstanding

Price / FCF

x16.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x21.3

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CDW · cash flow statement · operating / investing / financing

For FY2025, CDW Corporation generated $1.21B in operating cash flow and spent 117M in capital expenditures, yielding $1.09B in free cash flow.

Operating Activities

+$1.21B

Cash from core business operations

2025-12-31

Investing Activities

+$70.2M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$1.18B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.21B) − |CapEx| (117M) = FCF ($1.09B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

CDW vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

CDW CorporationYOU

CDW

$1.09B-5.8%4.9%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

CDW Corporation (CDW) reported free cash flow of $1.09B for FY2025 (fiscal year ending 2025-12-31), down 5.8% year-over-year. The FCF margin was 4.8%.

Based on available data, CDW Corporation has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $1.45B in FY2023. The 5-year CAGR stands at -1.2%.

CDW Corporation's FCF yield is 6.20% and price-to-FCF ratio is 16.7x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CDW free cash flow · 8 questions

CDW Corporation free cash flow was $1.09B for FY2025, down 5.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.08B.

CDW free cash flowCDW FCFCDW FCF 2025CDW free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · CDW Corporation · CDW Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026