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Side-by-side financial comparison of Aptiv (APTV) and CDW Corporation (CDW). Click either name above to swap in a different company.
CDW Corporation is the larger business by last-quarter revenue ($5.5B vs $5.2B, roughly 1.1× Aptiv). On growth, CDW Corporation posted the faster year-over-year revenue change (6.3% vs 5.0%). Aptiv produced more free cash flow last quarter ($651.0M vs $395.9M). Over the past eight quarters, CDW Corporation's revenue compounded faster (6.3% CAGR vs 2.5%).
Aptiv PLC is an American automotive technology supplier with headquarters in Schaffhausen, Switzerland. Aptiv grew out of the now-defunct American company, Delphi Automotive Systems, which itself was formerly a component of General Motors.
CDW Corporation is an American multi-brand provider of information technology services, serving business, government, education, and healthcare sectors across the United States, the United Kingdom, and Canada. Headquartered in Vernon Hills, Illinois, CDW is a Fortune 500 and generated $21 billion in annual net sales in 2023.
APTV vs CDW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.2B | $5.5B |
| Net Profit | $138.0M | — |
| Gross Margin | 18.7% | 22.8% |
| Operating Margin | 8.2% | 7.8% |
| Net Margin | 2.7% | — |
| Revenue YoY | 5.0% | 6.3% |
| Net Profit YoY | -48.5% | — |
| EPS (diluted) | $0.63 | $2.13 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $5.2B | $5.5B | ||
| Q3 25 | $5.2B | $5.7B | ||
| Q2 25 | $5.2B | $6.0B | ||
| Q1 25 | $4.8B | $5.2B | ||
| Q4 24 | $4.9B | $5.2B | ||
| Q3 24 | $4.9B | $5.5B | ||
| Q2 24 | $5.1B | $5.4B | ||
| Q1 24 | $4.9B | $4.9B |
| Q4 25 | $138.0M | — | ||
| Q3 25 | $-355.0M | $291.0M | ||
| Q2 25 | $393.0M | $271.2M | ||
| Q1 25 | $-11.0M | $224.9M | ||
| Q4 24 | $268.0M | — | ||
| Q3 24 | $363.0M | $316.4M | ||
| Q2 24 | $938.0M | $281.1M | ||
| Q1 24 | $218.0M | $216.1M |
| Q4 25 | 18.7% | 22.8% | ||
| Q3 25 | 19.5% | 21.9% | ||
| Q2 25 | 19.1% | 20.8% | ||
| Q1 25 | 19.1% | 21.6% | ||
| Q4 24 | 19.6% | 22.3% | ||
| Q3 24 | 18.6% | 21.8% | ||
| Q2 24 | 19.2% | 21.8% | ||
| Q1 24 | 17.9% | 21.8% |
| Q4 25 | 8.2% | 7.8% | ||
| Q3 25 | -3.4% | 7.7% | ||
| Q2 25 | 9.3% | 7.0% | ||
| Q1 25 | 9.3% | 7.0% | ||
| Q4 24 | 9.8% | 7.9% | ||
| Q3 24 | 10.4% | 8.7% | ||
| Q2 24 | 8.7% | 8.0% | ||
| Q1 24 | 8.5% | 6.7% |
| Q4 25 | 2.7% | — | ||
| Q3 25 | -6.8% | 5.1% | ||
| Q2 25 | 7.5% | 4.5% | ||
| Q1 25 | -0.2% | 4.3% | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 7.5% | 5.7% | ||
| Q2 24 | 18.6% | 5.2% | ||
| Q1 24 | 4.4% | 4.4% |
| Q4 25 | $0.63 | $2.13 | ||
| Q3 25 | $-1.63 | $2.21 | ||
| Q2 25 | $1.80 | $2.05 | ||
| Q1 25 | $-0.05 | $1.69 | ||
| Q4 24 | $1.22 | $1.97 | ||
| Q3 24 | $1.48 | $2.34 | ||
| Q2 24 | $3.47 | $2.07 | ||
| Q1 24 | $0.79 | $1.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.9B | $618.7M |
| Total DebtLower is stronger | $7.5B | — |
| Stockholders' EquityBook value | $9.2B | $2.6B |
| Total Assets | $23.4B | $16.0B |
| Debt / EquityLower = less leverage | 0.81× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $618.7M | ||
| Q3 25 | $1.6B | $452.9M | ||
| Q2 25 | $1.4B | $481.0M | ||
| Q1 25 | $1.1B | $688.1M | ||
| Q4 24 | $1.6B | $717.7M | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $2.2B | $665.3M | ||
| Q1 24 | $941.0M | $803.8M |
| Q4 25 | $7.5B | — | ||
| Q3 25 | $7.6B | — | ||
| Q2 25 | $7.8B | — | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $7.8B | — | ||
| Q3 24 | $8.3B | — | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $4.7B | — |
| Q4 25 | $9.2B | $2.6B | ||
| Q3 25 | $9.3B | $2.5B | ||
| Q2 25 | $9.7B | $2.5B | ||
| Q1 25 | $9.0B | $2.3B | ||
| Q4 24 | $8.8B | $2.4B | ||
| Q3 24 | $8.9B | $2.3B | ||
| Q2 24 | $11.5B | $2.2B | ||
| Q1 24 | $11.1B | $2.1B |
| Q4 25 | $23.4B | $16.0B | ||
| Q3 25 | $23.5B | $15.2B | ||
| Q2 25 | $23.9B | $15.3B | ||
| Q1 25 | $23.1B | $15.0B | ||
| Q4 24 | $23.5B | $14.7B | ||
| Q3 24 | $24.8B | $14.4B | ||
| Q2 24 | $24.8B | $13.6B | ||
| Q1 24 | $23.6B | $13.2B |
| Q4 25 | 0.81× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.80× | — | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.93× | — | ||
| Q2 24 | 0.48× | — | ||
| Q1 24 | 0.42× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $818.0M | $433.8M |
| Free Cash FlowOCF − Capex | $651.0M | $395.9M |
| FCF MarginFCF / Revenue | 12.6% | 7.2% |
| Capex IntensityCapex / Revenue | 3.2% | 0.7% |
| Cash ConversionOCF / Net Profit | 5.93× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $818.0M | $433.8M | ||
| Q3 25 | $584.0M | $328.3M | ||
| Q2 25 | $510.0M | $155.9M | ||
| Q1 25 | $273.0M | $287.2M | ||
| Q4 24 | $1.1B | $345.3M | ||
| Q3 24 | $499.0M | $342.1M | ||
| Q2 24 | $643.0M | $149.9M | ||
| Q1 24 | $244.0M | $440.0M |
| Q4 25 | $651.0M | $395.9M | ||
| Q3 25 | $441.0M | $298.5M | ||
| Q2 25 | $361.0M | $133.4M | ||
| Q1 25 | $76.0M | $260.3M | ||
| Q4 24 | $894.0M | $316.7M | ||
| Q3 24 | $326.0M | $308.5M | ||
| Q2 24 | $417.0M | $119.0M | ||
| Q1 24 | $-21.0M | $410.5M |
| Q4 25 | 12.6% | 7.2% | ||
| Q3 25 | 8.5% | 5.2% | ||
| Q2 25 | 6.9% | 2.2% | ||
| Q1 25 | 1.6% | 5.0% | ||
| Q4 24 | 18.2% | 6.1% | ||
| Q3 24 | 6.7% | 5.6% | ||
| Q2 24 | 8.3% | 2.2% | ||
| Q1 24 | -0.4% | 8.4% |
| Q4 25 | 3.2% | 0.7% | ||
| Q3 25 | 2.7% | 0.5% | ||
| Q2 25 | 2.9% | 0.4% | ||
| Q1 25 | 4.1% | 0.5% | ||
| Q4 24 | 3.4% | 0.6% | ||
| Q3 24 | 3.6% | 0.6% | ||
| Q2 24 | 4.5% | 0.6% | ||
| Q1 24 | 5.4% | 0.6% |
| Q4 25 | 5.93× | — | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | 1.30× | 0.57× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | 3.96× | — | ||
| Q3 24 | 1.37× | 1.08× | ||
| Q2 24 | 0.69× | 0.53× | ||
| Q1 24 | 1.12× | 2.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APTV
| Electrical Distribution Systems | $2.3B | 45% |
| Engineered Components Group | $1.4B | 28% |
| Active Safety | $716.0M | 14% |
| User Experience And Other | $564.0M | 11% |
| Smart Vehicle Compute And Software | $154.0M | 3% |
CDW
Segment breakdown not available.
