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CDW CDW Corp

Nasdaq, CIK 0001402057, fiscal year ends 12/31. Last price 165.11 on 2026-10-23, market value 20.6 billion dollars.

Machine-readable: CDW.json, CDW.md. Sections: Graham Defensive, Magic Formula, Momentum, Insider, Buffett Quality, Lynch GARP, Graham Enterprising, Piotroski F-Score, earnings record, insiders, filings and links.

Philosophy	Score	Status	Current inputs as of	History used	Price	Verification	Rules
Graham Defensive	49	ok	2025-12-31 stale: Revenue	2013–2025	2026-10-23	14 verified, 21 unverified	method
Magic Formula	94	ok	2026-03-31 stale: operating_income_q	—	2026-10-23	—	method
Momentum	49	ok	2026-10-23	—	2026-10-23	—	method
Insider	0	ok	2026-10-23	—	—	—	method
Buffett Quality	81	ok	2026-06-30	2016–2025	2026-10-23	0 verified, 48 unverified	method
Lynch GARP	33	ok	2026-06-30	2020–2025	2026-10-23	0 verified, 6 unverified	method
Graham Enterprising	40	ok	2026-06-30	2020–2025	2026-10-23	0 verified, 12 unverified	method
Piotroski F-Score	56	ok	—	2024–2026	—	0 verified, 27 unverified	method

Market value, source trail

market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used

Input	Value	Unit	Period / date	Source
Traded price	165.11	USD per traded unit (share or ADS)	2026-10-23	Yahoo Finance
SEC shares outstanding	125,017,426	underlying shares	2026-07-31	SEC cover page 10-Q 0001402057-26-000065 (125,017,426 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/cdw-20260630.htm 0001402057-26-000065
Depositary ratio	1.0	underlying shares per traded unit		domestic 10-K filer; SEC shares are the traded units
Market value price date × latest reported shares	20,641,627,207	USD	2026-10-23 shares at 2026-07-31	165.11 (price 2026-10-23) / 1 x 125,017,426 (shares at 2026-07-31) = 20,641,627,207

Graham Defensive

49 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Adequate size	22.42 revenue $B	>= 1	5.0 / 5
2a Current ratio	1.17	>= 2.0	2.5 / 15
2b Long-term debt vs working capital	3.47 LTD / WC	<= 1.0	0.0 / 15
3 Positive earnings each of 10 years	10 of 10	10 of 10	15.0 / 15
4 Dividends every year for 20 years	13 of 20 missing 2006, 2007, 2008, 2009, 2010, 2011, 2012 XBRL check: 13 years agree, 7 unverified	20 of 20	9.75 / 15
5 EPS growth, 3-yr avg now vs 10 yrs ago	2.11 -> 8.05 (+282%)	>= +33%	10.0 / 10
6 P/E on 3-year average EPS	20.5	<= 15	6.7 / 15
7 P/B <= 1.5, or P/E x P/B <= 22.5	P/B 8.45, product 173.4	<= 1.5 or <= 22.5	0.0 / 10

Inputs, 37 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	165.11	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
Revenue	22424100000.0	2025-12-31 stale	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001402057-26-000011	unverified
current_assets	9680500000.0	2026-06-30	SEC XBRL AssetsCurrent 0001402057-26-000065	unverified
current_liabilities	8296400000.0	2026-06-30	SEC XBRL LiabilitiesCurrent 0001402057-26-000065	unverified
lt_debt	4808100000.0	2026-06-30	SEC XBRL LongTermDebtNoncurrent 0001402057-26-000065	unverified
equity	2442100000.0	2026-06-30	SEC XBRL StockholdersEquity 0001402057-26-000065	unverified
Net income FY2016	425100000.0	2016-12-31 history	SEC XBRL NetIncomeLoss 0001402057-19-000046	unverified
Net income FY2017	523100000.0	2017-12-31 history	SEC XBRL NetIncomeLoss 0001402057-20-000042	unverified
Net income FY2018	643000000.0	2018-12-31 history	SEC XBRL NetIncomeLoss 0001402057-21-000022	unverified
Net income FY2019	736800000.0	2019-12-31 history	SEC XBRL NetIncomeLoss 0001402057-22-000020	unverified
Net income FY2020	788500000.0	2020-12-31 history	SEC XBRL NetIncomeLoss 0001402057-23-000052	unverified
Net income FY2021	988600000.0	2021-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-24-000015	unverified
Net income FY2022	1114500000.0	2022-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-25-000018	unverified
Net income FY2023	1104300000.0	2023-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011	unverified
Net income FY2024	1077800000.0	2024-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011	unverified
Net income FY2025	1066600000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011	unverified
Dividend years (Yahoo)	[2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026]	history	Yahoo Finance dividend history	verified (partly: XBRL covers 13 of 20 years)
Dividends per share FY2013 (XBRL)	0.0425	2013-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001402057-15-000003	verified
Dividends per share FY2014 (XBRL)	0.195	2014-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001402057-15-000003	verified
Dividends per share FY2015 (XBRL)	0.31	2015-12-31 history	SEC XBRL CommonStockDividendsPerShareCashPaid 0001402057-18-000038	verified
Dividends per share FY2016 (XBRL)	0.4825	2016-12-31 history	SEC XBRL CommonStockDividendsPerShareCashPaid 0001402057-19-000046	verified
Dividends per share FY2017 (XBRL)	0.69	2017-12-31 history	SEC XBRL CommonStockDividendsPerShareCashPaid 0001402057-20-000042	verified
Dividends per share FY2018 (XBRL)	0.925	2018-12-31 history	SEC XBRL CommonStockDividendsPerShareCashPaid 0001402057-21-000022	verified
Dividends per share FY2019 (XBRL)	1.265	2019-12-31 history	SEC XBRL CommonStockDividendsPerShareCashPaid 0001402057-22-000020	verified
Dividends per share FY2020 (XBRL)	1.54	2020-12-31 history	SEC XBRL CommonStockDividendsPerShareCashPaid 0001402057-23-000052	verified
Dividends per share FY2021 (XBRL)	1.7	2021-12-31 history	SEC XBRL CommonStockDividendsPerShareCashPaid 0001402057-24-000015	verified
Dividends per share FY2022 (XBRL)	2.09	2022-12-31 history	SEC XBRL CommonStockDividendsPerShareCashPaid 0001402057-25-000018	verified
Dividends per share FY2023 (XBRL)	2.39	2023-12-31 history	SEC XBRL CommonStockDividendsPerShareCashPaid 0001402057-26-000011	verified
Dividends per share FY2024 (XBRL)	2.485	2024-12-31 history	SEC XBRL CommonStockDividendsPerShareCashPaid 0001402057-26-000011	verified
Dividends per share FY2025 (XBRL)	2.505	2025-12-31 history	SEC XBRL CommonStockDividendsPerShareCashPaid 0001402057-26-000011	verified
EPS diluted FY2014	1.42	2014-12-31 history	SEC XBRL EarningsPerShareDiluted 0001402057-17-000120	unverified
EPS diluted FY2015	2.35	2015-12-31 history	SEC XBRL EarningsPerShareDiluted 0001402057-18-000038	unverified
EPS diluted FY2016	2.56	2016-12-31 history	SEC XBRL EarningsPerShareDiluted 0001402057-19-000046	unverified
EPS diluted FY2023	8.1	2023-12-31 history	SEC XBRL EarningsPerShareDiluted 0001402057-26-000011	unverified
EPS diluted FY2024	7.97	2024-12-31 history	SEC XBRL EarningsPerShareDiluted 0001402057-26-000011	unverified
EPS diluted FY2025	8.08	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0001402057-26-000011	unverified
Shares outstanding	125017426.0	2026-07-31	SEC cover page 10-Q 0001402057-26-000065 (125,017,426 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/cdw-20260630.htm 0001402057-26-000065	not cross-checked

Magic Formula

94 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
Earnings yield (EBIT/EV) EBIT trailing twelve months; EV = market cap + debt (5,817,000,000) - cash	6.43 % (rank 41)
Return on capital (EBIT/(NWC+PPE)) net working capital 1,384,100,000 used as reported	108.29 % (rank 32)
Combined rank	73

Inputs, 14 numbers with their sources

Input	Value	Period	Source	Check
operating_income	1655600000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0001402057-26-000011	not cross-checked
operating_income_q	376000000.0	2026-03-31 stale	SEC XBRL OperatingIncomeLoss (quarter CY2026Q1) 0001402057-26-000025	not cross-checked
operating_income_q	361400000.0	2025-03-31 history	SEC XBRL OperatingIncomeLoss (quarter CY2025Q1) 0001402057-26-000025	not cross-checked
operating_income_q	428600000.0	2026-06-30	SEC XBRL OperatingIncomeLoss (quarter CY2026Q2) 0001402057-26-000065	not cross-checked
operating_income_q	420200000.0	2025-06-30 history	SEC XBRL OperatingIncomeLoss (quarter CY2025Q2) 0001402057-26-000065	not cross-checked
current_assets	9680500000.0	2026-06-30	SEC XBRL AssetsCurrent 0001402057-26-000065	not cross-checked
current_liabilities	8296400000.0	2026-06-30	SEC XBRL LiabilitiesCurrent 0001402057-26-000065	not cross-checked
cash	361800000.0	2026-06-30	SEC XBRL CashAndCashEquivalentsAtCarryingValue 0001402057-26-000065	not cross-checked
ppe_net	166000000.0	2026-06-30	SEC XBRL PropertyPlantAndEquipmentNet 0001402057-26-000065	not cross-checked
lt_debt	4808100000.0	2026-06-30	SEC XBRL LongTermDebtNoncurrent 0001402057-26-000065	not cross-checked
debt_lt_current	1008900000.0	2026-06-30	SEC XBRL LongTermDebtCurrent 0001402057-26-000065	not cross-checked
shares_out	125017426.0	2026-07-31	SEC cover page 10-Q 0001402057-26-000065 (125,017,426 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/cdw-20260630.htm 0001402057-26-000065	not cross-checked
Price (close)	165.11	2026-10-23	Yahoo Finance / Alpaca Market Data	not cross-checked
note	debt = LongTermDebtNoncurrent + LongTermDebtCurrent			not cross-checked

Momentum

49 of 100. ok. How this is scored.

Test or factor	Value	Points
12-1 month return	-5.9 % (percentile 31.0)	15.5 / 50
6 month return	22.3 % (percentile 80.8)	16.2 / 20
Price / 52-week high	1.0	15.0 / 15
Volatility penalty (60d annualised)	49.0 %	2.0 / 15

Inputs, 1 numbers with their sources

Input	Value	Period	Source	Check
Adjusted close series (14 months)	165.11	2026-10-23	Yahoo Finance / Alpaca Market Data daily history	not cross-checked

Insider

0 of 100. ok. How this is scored. Form 4 data loaded through 2026-10-23

Test or factor	Value	Points
Open-market buy value / market cap (percentile among buyers)	0.0 bp	0.0 / 35
Distinct buyers	0	0.0 / 25
Buyer seniority	0.0	0.0 / 20
Recency (half-life 30d)	0.0	0.0 / 10
Sales penalty (excludes 10b5-1 plan sales)	1.78 bp	-8.1 / 0

Inputs, 1 numbers with their sources

Input	Value	Period	Source	Check
Form 4 S CONNELLY ELIZABETH H. 2026-08-07	3673765.9	2026-08-07	SEC Form 4 (insider transactions data set)	not cross-checked

Buffett Quality

81 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Average return on equity (net income / year-end equity)	69.2% over 8 yrs	>= 15%	25.0 / 25
2 Profitable every year	10 of 10	all years	15.0 / 15
3 Net income growth, 3-yr average now vs start of window	+10.7% a year	>= +10%	10.0 / 10
4 Borrowings / 3-yr average earnings (years to repay) LongTermDebtNoncurrent + LongTermDebtCurrent	5.4 years	<= 4	9.9 / 15
5 Operating margin, 5-yr average	7.4%	>= 20%	0.0 / 10
6 Free cash flow / net income, 5-yr (operating cash flow minus capex)	1.04	>= 1.0	10.0 / 10
7 Owner-earnings yield (3-yr avg free cash flow / market cap)	6.0%	>= 7%	11.1 / 15

Inputs, 50 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	165.11	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
Net income FY2018	643000000.0	2018-12-31 history	SEC XBRL NetIncomeLoss 0001402057-21-000022	unverified
Equity at FY2018 end	975200000.0	2018-12-31 history	SEC XBRL StockholdersEquity 0001402057-22-000020	unverified
Net income FY2019	736800000.0	2019-12-31 history	SEC XBRL NetIncomeLoss 0001402057-22-000020	unverified
Equity at FY2019 end	960300000.0	2019-12-31 history	SEC XBRL StockholdersEquity 0001402057-23-000052	unverified
Net income FY2020	788500000.0	2020-12-31 history	SEC XBRL NetIncomeLoss 0001402057-23-000052	unverified
Equity at FY2020 end	1297100000.0	2020-12-31 history	SEC XBRL StockholdersEquity 0001402057-24-000015	unverified
Net income FY2021	988600000.0	2021-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-24-000015	unverified
Equity at FY2021 end	705700000.0	2021-12-31 history	SEC XBRL StockholdersEquity 0001402057-25-000018	unverified
Net income FY2022	1114500000.0	2022-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-25-000018	unverified
Equity at FY2022 end	1603300000.0	2022-12-31 history	SEC XBRL StockholdersEquity 0001402057-26-000011	unverified
Net income FY2023	1104300000.0	2023-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011	unverified
Equity at FY2023 end	2042500000.0	2023-12-31 history	SEC XBRL StockholdersEquity 0001402057-26-000011	unverified
Net income FY2024	1077800000.0	2024-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011	unverified
Equity at FY2024 end	2352700000.0	2024-12-31 history	SEC XBRL StockholdersEquity 0001402057-26-000065	unverified
Net income FY2025	1066600000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011	unverified
Equity at FY2025 end	2606100000.0	2025-12-31 history	SEC XBRL StockholdersEquity 0001402057-26-000065	unverified
Net income FY2016	425100000.0	2016-12-31 history	SEC XBRL NetIncomeLoss 0001402057-19-000046	unverified
Net income FY2017	523100000.0	2017-12-31 history	SEC XBRL NetIncomeLoss 0001402057-20-000042	unverified
Net income FY2018	643000000.0	2018-12-31 history	SEC XBRL NetIncomeLoss 0001402057-21-000022	unverified
Net income FY2019	736800000.0	2019-12-31 history	SEC XBRL NetIncomeLoss 0001402057-22-000020	unverified
Net income FY2020	788500000.0	2020-12-31 history	SEC XBRL NetIncomeLoss 0001402057-23-000052	unverified
Net income FY2021	988600000.0	2021-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-24-000015	unverified
Net income FY2022	1114500000.0	2022-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-25-000018	unverified
Net income FY2023	1104300000.0	2023-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011	unverified
Net income FY2024	1077800000.0	2024-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011	unverified
Net income FY2025	1066600000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011	unverified
lt_debt	4808100000.0	2026-06-30	SEC XBRL LongTermDebtNoncurrent 0001402057-26-000065	unverified
debt_lt_current	1008900000.0	2026-06-30	SEC XBRL LongTermDebtCurrent 0001402057-26-000065	unverified
Operating income FY2021	1419000000.0	2021-12-31 history	SEC XBRL OperatingIncomeLoss 0001402057-24-000015	unverified
Revenue FY2021	20820800000.0	2021-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001402057-24-000015	unverified
Operating income FY2022	1735200000.0	2022-12-31 history	SEC XBRL OperatingIncomeLoss 0001402057-25-000018	unverified
Revenue FY2022	23748700000.0	2022-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001402057-25-000018	unverified
Operating income FY2023	1680900000.0	2023-12-31 history	SEC XBRL OperatingIncomeLoss 0001402057-26-000011	unverified
Revenue FY2023	21376000000.0	2023-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001402057-26-000011	unverified
Operating income FY2024	1651300000.0	2024-12-31 history	SEC XBRL OperatingIncomeLoss 0001402057-26-000011	unverified
Revenue FY2024	20998700000.0	2024-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001402057-26-000011	unverified
Operating income FY2025	1655600000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0001402057-26-000011	unverified
Revenue FY2025	22424100000.0	2025-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001402057-26-000011	unverified
Operating cash flow FY2021	784600000.0	2021-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001402057-24-000015	unverified
Capital expenditure FY2021	100000000.0	2021-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001402057-24-000015	unverified
Operating cash flow FY2022	1335900000.0	2022-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001402057-25-000018	unverified
Capital expenditure FY2022	127800000.0	2022-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001402057-25-000018	unverified
Operating cash flow FY2023	1598700000.0	2023-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001402057-26-000011	unverified
Capital expenditure FY2023	148200000.0	2023-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001402057-26-000011	unverified
Operating cash flow FY2024	1277300000.0	2024-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001402057-26-000011	unverified
Capital expenditure FY2024	122600000.0	2024-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001402057-26-000011	unverified
Operating cash flow FY2025	1205200000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001402057-26-000011	unverified
Capital expenditure FY2025	117100000.0	2025-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001402057-26-000011	unverified
Shares outstanding	125017426.0	2026-07-31	SEC cover page 10-Q 0001402057-26-000065 (125,017,426 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/cdw-20260630.htm 0001402057-26-000065	not cross-checked

Lynch GARP

33 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 PEG: P/E divided by 5-yr EPS growth (in % points)	2.49	<= 1.0	0.0 / 30
2 EPS growth, 5-yr compound rate	+8.2% a year	12% to 35% a year	13.7 / 20
3 P/E on latest annual EPS	20.4	<= 25	10.0 / 10
4 Borrowings / equity LongTermDebtNoncurrent + LongTermDebtCurrent	2.38	<= 0.5	0.0 / 15
5 Years of the last 5 in which EPS rose	3 of 5	5 of 5	9.0 / 15
6 Net cash (cash minus borrowings) / market cap	-26.4%	>= +10%	0.0 / 10

Inputs, 7 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	165.11	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
EPS diluted FY2025	8.08	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0001402057-26-000011	unverified
EPS diluted FY2020	5.45	2020-12-31 history	SEC XBRL EarningsPerShareDiluted 0001402057-23-000052	unverified
lt_debt	4808100000.0	2026-06-30	SEC XBRL LongTermDebtNoncurrent 0001402057-26-000065	unverified
debt_lt_current	1008900000.0	2026-06-30	SEC XBRL LongTermDebtCurrent 0001402057-26-000065	unverified
equity	2442100000.0	2026-06-30	SEC XBRL StockholdersEquity 0001402057-26-000065	unverified
cash	361800000.0	2026-06-30	SEC XBRL CashAndCashEquivalentsAtCarryingValue 0001402057-26-000065	unverified

Graham Enterprising

40 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Current ratio	1.17	>= 1.5	5.0 / 15
2 Borrowings vs working capital LongTermDebtNoncurrent + LongTermDebtCurrent	4.2 x	<= 1.1x	0.0 / 15
3 No earnings deficit in the last 5 years	5 of 5 profitable	5 of 5	15.0 / 15
4 Pays a current dividend	yes	yes	10.0 / 10
5 EPS higher than five years earlier	5.45 -> 8.08	higher	10.0 / 10
6 Price / book value per share book value used because intangibles are not separated in the dataset (Graham uses net tangible assets)	8.45	<= 1.2	0.0 / 20
7 Price / net current asset value per share (current assets minus all liabilities) net current asset value not positive	—	<= 0.67	0.0 / 15

Inputs, 15 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	165.11	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
current_assets	9680500000.0	2026-06-30	SEC XBRL AssetsCurrent 0001402057-26-000065	unverified
current_liabilities	8296400000.0	2026-06-30	SEC XBRL LiabilitiesCurrent 0001402057-26-000065	unverified
lt_debt	4808100000.0	2026-06-30	SEC XBRL LongTermDebtNoncurrent 0001402057-26-000065	unverified
debt_lt_current	1008900000.0	2026-06-30	SEC XBRL LongTermDebtCurrent 0001402057-26-000065	unverified
Net income FY2021	988600000.0	2021-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-24-000015	unverified
Net income FY2022	1114500000.0	2022-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-25-000018	unverified
Net income FY2023	1104300000.0	2023-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011	unverified
Net income FY2024	1077800000.0	2024-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011	unverified
Net income FY2025	1066600000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011	unverified
Dividend years (Yahoo)	[2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026]	history	Yahoo Finance dividend history	not cross-checked
EPS diluted FY2025	8.08	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0001402057-26-000011	unverified
EPS diluted FY2020	5.45	2020-12-31 history	SEC XBRL EarningsPerShareDiluted 0001402057-23-000052	unverified
equity	2442100000.0	2026-06-30	SEC XBRL StockholdersEquity 0001402057-26-000065	unverified
Shares outstanding	125017426.0	2026-07-31	SEC cover page 10-Q 0001402057-26-000065 (125,017,426 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1402057/000140205726000065/cdw-20260630.htm 0001402057-26-000065	not cross-checked

Piotroski F-Score

56 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Return on assets is positive	6.7%	pass = 1	11.11111111111111 / 11.11111111111111
2 Operating cash flow is positive	1,205M	pass = 1	11.11111111111111 / 11.11111111111111
3 Return on assets improved on the prior year	7.3% -> 6.7%	pass = 1	0.0 / 11.11111111111111
4 Operating cash flow exceeds net income (accruals)	1,205M vs 1,067M	pass = 1	11.11111111111111 / 11.11111111111111
5 Long-term debt / assets fell	38.2% -> 28.8%	pass = 1	11.11111111111111 / 11.11111111111111
6 Current ratio improved	1.35 -> 1.18	pass = 1	0.0 / 11.11111111111111
7 No new shares issued (share count did not rise)	131M -> 125M	pass = 1	11.11111111111111 / 11.11111111111111
8 Operating margin improved (stand-in for gross margin, which the dataset does not carry)	7.9% -> 7.4%	pass = 1	0.0 / 11.11111111111111
9 Asset turnover (revenue / assets) improved	1.43 -> 1.40	pass = 1	0.0 / 11.11111111111111

Inputs, 27 numbers with their sources

Input	Value	Period	Source	Check
net_income 2025-12-31	1066600000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011	unverified
total_assets 2025-12-31	16028200000.0	2025-12-31 history	SEC XBRL Assets 0001402057-26-000065	unverified
cfo 2025-12-31	1205200000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001402057-26-000011	unverified
net_income 2025-12-31	1066600000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011	unverified
net_income 2024-12-31	1077800000.0	2024-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011	unverified
total_assets 2025-12-31	16028200000.0	2025-12-31 history	SEC XBRL Assets 0001402057-26-000065	unverified
total_assets 2024-12-31	14678400000.0	2024-12-31 history	SEC XBRL Assets 0001402057-26-000011	unverified
cfo 2025-12-31	1205200000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001402057-26-000011	unverified
net_income 2025-12-31	1066600000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000251) 0001402057-26-000011	unverified
lt_debt 2025-12-31	4622300000.0	2025-12-31 history	SEC XBRL LongTermDebtNoncurrent 0001402057-26-000065	unverified
lt_debt 2024-12-31	5607000000.0	2024-12-31 history	SEC XBRL LongTermDebtNoncurrent 0001402057-26-000011	unverified
total_assets 2025-12-31	16028200000.0	2025-12-31 history	SEC XBRL Assets 0001402057-26-000065	unverified
total_assets 2024-12-31	14678400000.0	2024-12-31 history	SEC XBRL Assets 0001402057-26-000011	unverified
current_assets 2025-12-31	8500500000.0	2025-12-31 history	SEC XBRL AssetsCurrent 0001402057-26-000065	unverified
current_assets 2024-12-31	7373100000.0	2024-12-31 history	SEC XBRL AssetsCurrent 0001402057-26-000011	unverified
current_liabilities 2025-12-31	7226100000.0	2025-12-31 history	SEC XBRL LiabilitiesCurrent 0001402057-26-000065	unverified
current_liabilities 2024-12-31	5474400000.0	2024-12-31 history	SEC XBRL LiabilitiesCurrent 0001402057-26-000011	unverified
shares_out 2026-07-31	125017426.0	2026-07-31 history	SEC XBRL EntityCommonStockSharesOutstanding 0001402057-26-000065	unverified
shares_out 2025-08-01	131060745.0	2025-08-01 history	SEC XBRL EntityCommonStockSharesOutstanding 0001402057-25-000145	unverified
operating_income 2025-12-31	1655600000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0001402057-26-000011	unverified
operating_income 2024-12-31	1651300000.0	2024-12-31 history	SEC XBRL OperatingIncomeLoss 0001402057-26-000011	unverified
revenue 2025-12-31	22424100000.0	2025-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001402057-26-000011	unverified
revenue 2024-12-31	20998700000.0	2024-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001402057-26-000011	unverified
revenue 2025-12-31	22424100000.0	2025-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001402057-26-000011	unverified
revenue 2024-12-31	20998700000.0	2024-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001402057-26-000011	unverified
total_assets 2025-12-31	16028200000.0	2025-12-31 history	SEC XBRL Assets 0001402057-26-000065	unverified
total_assets 2024-12-31	14678400000.0	2024-12-31 history	SEC XBRL Assets 0001402057-26-000011	unverified

Earnings record

SEC XBRL, by fiscal year (named by the calendar year it ends in); EPS split-adjusted to today's shares; each row links to the filing.

FY	Ended	Revenue, $M	Net income, $M	EPS diluted	Dividend	Filing
2013	2013-12-31	10,769	133	0.84	paid	0001402057-16-000057
2014	2014-12-31	12,074	245	1.42	paid	0001402057-17-000120
2015	2015-12-31	12,989	403	2.35	paid	0001402057-18-000038
2016	2016-12-31	13,673	425	2.56	paid	0001402057-19-000046
2017	2017-12-31	14,833	523	3.31	paid	0001402057-20-000042
2018	2018-12-31	16,240	643	4.19	paid	0001402057-21-000022
2019	2019-12-31	18,032	737	4.99	paid	0001402057-22-000020
2020	2020-12-31	18,468	788	5.45	paid	0001402057-23-000052
2021	2021-12-31	20,821	989	7.04	paid	0001402057-24-000015
2022	2022-12-31	23,749	1,114	8.13	paid	0001402057-25-000018
2023	2023-12-31	21,376	1,104	8.1	paid	0001402057-26-000011
2024	2024-12-31	20,999	1,078	7.97	paid	0001402057-26-000011
2025	2025-12-31	22,424	1,067	8.08	paid	0001402057-26-000011

Insider transactions

SEC Form 4 open-market purchases and sales from the insider data sets; latest 20.

Date	Insider	Role	Type	Shares	Price	Value
2026-08-07	Connelly Elizabeth H.	officer	sale	26,695	137.62	3,673,766
2026-05-27	Nelms David W	director	buy	18,000	111.43	2,005,740
2026-05-18	Leahy Christine A	officer	buy	4,830	103.40	499,422

Filings and links

Third-party sites are linked only; nothing from them is stored here.

SEC: filing index, 8-K, Form 4, XBRL companyfacts
Prices: Yahoo Finance, Stooq
Elsewhere: morningstar, finviz, stockanalysis, seeking alpha, openinsider, google news

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/CDW; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23. Data last checked 2026-10-26.