CDW CDW margins

Relative Growth: Rel. Growth: 53

Relative Strength: Rel. Strength: 61

Relative Valuation: Rel. Valuation: 70

Relative Profitability: Rel. Profitability: 59

Gross margin

21.4%

Operating margin

7.1%

EBITDA margin

8.4%

Net margin

4.6%

Current CDW reports a gross margin of 21.4%, an operating margin of 7.1%, an EBITDA margin of 8.4%, and a net margin of 4.6%. EBITDA margin headed the decline across the available margins, falling by 0.6 percentage points.

CDW margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, CDW's margins averaged 21.76% gross, 7.68% operating, 8.98% EBITDA, and 5% net. Each of the four current margins is below its three-year average.

CDW margin expansion

Year-over-year margin changes in percentage points

EBITDA margin led the decline, falling by 0.6 percentage points, while the other available margins also decreased.

Gross margin expansion

-0.2pp

Operating margin expansion

-0.5pp

EBITDA margin expansion

-0.6pp

Net margin expansion

-0.3pp

CDW Gross margin

CDW recorded an average gross margin of 21.76% across the last 3 years. CDW currently reports a gross margin of 21.4%, 0.4 percentage points below its three-year average. During this period, gross margin reached a high of 22.1% in Sep 2024 and a low of 21.4% in Jun 2026.

CDW Operating margin

CDW's operating margin averaged 7.68% in the last 3 years. The current operating margin stands at 7.1%, 0.6 percentage points below its three-year average. Over the last 3 years, CDW's operating margin peaked at 8.1% in Sep 2024 and reached a low of 7.1% in Jun 2026.

CDW EBITDA margin

Over the last 3 years, the average EBITDA margin for CDW was 8.98%. The latest EBITDA margin for CDW is 8.4%, 0.6 percentage points below its three-year average. CDW's EBITDA margin ranged from a low of 8.4% in Jun 2026 to a high of 9.4% in Sep 2024.

CDW Net margin

CDW recorded an average net margin of 5% across the last 3 years. CDW currently reports a net margin of 4.6%, 0.4 percentage points below its three-year average. Over the last 3 years, CDW's net margin peaked at 5.3% in Sep 2024 and reached a low of 4.6% in Jun 2026.

CDW margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 21.4%, CDW ranks lower than the Technology sector, the industry and its peers average. In comparison with the Technology sector average of 52%, CDW's gross margin is 59% lower.

CDW margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is CDW's gross margin?

As of Jun 30, 2026, CDW has a gross margin of 21.4%.

What is CDW's operating margin?

The current operating margin for CDW is 7.1% as of Jun 30, 2026.

What is CDW's EBITDA margin?

As of Jun 30, 2026, CDW has an EBITDA margin of 8.4%.

What is CDW's net margin?

As of Jun 30, 2026, CDW has a net margin of 4.6%.

What are the average margins of CDW?

CDW's gross, operating, EBITDA, and net margins averaged 21.8% gross, 7.7% operating, 9.0% EBITDA, and 5.0% net over the last 3 years.

What are the highest historical margins of CDW?

Across the 5-year period, CDW posted its highest margins at 22.1% gross in Sep 2024, 8.1% operating in Sep 2024, 9.4% EBITDA in Sep 2024, and 5.3% net in Sep 2024.

What are the lowest historical margins of CDW?

Looking back across 5 years, CDW reached its lowest margins at 17.1% gross in Dec 2021, 6.8% operating in Dec 2021, 7.8% EBITDA in Jun 2022, and 4.4% net in Jun 2022.