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Side-by-side financial comparison of Athene Holding Ltd. (ATHS) and CDW Corporation (CDW). Click either name above to swap in a different company.
Athene Holding Ltd. is the larger business by last-quarter revenue ($8.1B vs $5.5B, roughly 1.5× CDW Corporation). On growth, Athene Holding Ltd. posted the faster year-over-year revenue change (115.1% vs 6.3%). Over the past eight quarters, Athene Holding Ltd.'s revenue compounded faster (19.2% CAGR vs 6.3%).
Athene Holding Ltd. is a leading US-focused retirement services provider. It offers fixed, indexed and variable annuity products plus tailored retirement savings solutions for individual consumers and institutional clients, aiming to help customers secure long-term financial stability for their retirement.
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.
ATHS vs CDW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.1B | $5.5B |
| Net Profit | $523.0M | — |
| Gross Margin | — | 22.8% |
| Operating Margin | 16.9% | 7.8% |
| Net Margin | 6.4% | — |
| Revenue YoY | 115.1% | 6.3% |
| Net Profit YoY | -48.5% | — |
| EPS (diluted) | — | $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 | $8.1B | $5.5B | ||
| Q3 25 | $8.0B | $5.7B | ||
| Q2 25 | $5.4B | $6.0B | ||
| Q1 25 | $4.2B | $5.2B | ||
| Q4 24 | $3.8B | $5.2B | ||
| Q3 24 | $6.5B | $5.5B | ||
| Q2 24 | $4.7B | $5.4B | ||
| Q1 24 | $5.7B | $4.9B |
| Q4 25 | $523.0M | — | ||
| Q3 25 | $1.3B | $291.0M | ||
| Q2 25 | $464.0M | $271.2M | ||
| Q1 25 | $465.0M | $224.9M | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $625.0M | $316.4M | ||
| Q2 24 | $629.0M | $281.1M | ||
| Q1 24 | $1.2B | $216.1M |
| Q4 25 | — | 22.8% | ||
| Q3 25 | — | 21.9% | ||
| Q2 25 | — | 20.8% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | — | 22.3% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | — | 21.8% |
| Q4 25 | 16.9% | 7.8% | ||
| Q3 25 | 26.8% | 7.7% | ||
| Q2 25 | 12.2% | 7.0% | ||
| Q1 25 | 22.3% | 7.0% | ||
| Q4 24 | 30.4% | 7.9% | ||
| Q3 24 | 25.7% | 8.7% | ||
| Q2 24 | 22.0% | 8.0% | ||
| Q1 24 | 31.1% | 6.7% |
| Q4 25 | 6.4% | — | ||
| Q3 25 | 15.7% | 5.1% | ||
| Q2 25 | 8.7% | 4.5% | ||
| Q1 25 | 11.1% | 4.3% | ||
| Q4 24 | 26.8% | — | ||
| Q3 24 | 9.6% | 5.7% | ||
| Q2 24 | 13.5% | 5.2% | ||
| Q1 24 | 20.8% | 4.4% |
| Q4 25 | — | $2.13 | ||
| Q3 25 | — | $2.21 | ||
| Q2 25 | — | $2.05 | ||
| Q1 25 | — | $1.69 | ||
| Q4 24 | — | $1.97 | ||
| Q3 24 | — | $2.34 | ||
| Q2 24 | — | $2.07 | ||
| Q1 24 | — | $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 | — | $618.7M |
| Total DebtLower is stronger | $7.8B | — |
| Stockholders' EquityBook value | $20.5B | $2.6B |
| Total Assets | $442.2B | $16.0B |
| Debt / EquityLower = less leverage | 0.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $618.7M | ||
| Q3 25 | — | $452.9M | ||
| Q2 25 | — | $481.0M | ||
| Q1 25 | — | $688.1M | ||
| Q4 24 | — | $717.7M | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $665.3M | ||
| Q1 24 | $15.3B | $803.8M |
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.9B | — | ||
| Q2 25 | $7.9B | — | ||
| Q1 25 | $6.3B | — | ||
| Q4 24 | $6.3B | — | ||
| Q3 24 | $5.7B | — | ||
| Q2 24 | $5.7B | — | ||
| Q1 24 | $5.7B | — |
| Q4 25 | $20.5B | $2.6B | ||
| Q3 25 | $20.4B | $2.5B | ||
| Q2 25 | $18.1B | $2.5B | ||
| Q1 25 | $17.5B | $2.3B | ||
| Q4 24 | $16.4B | $2.4B | ||
| Q3 24 | $17.4B | $2.3B | ||
| Q2 24 | $15.0B | $2.2B | ||
| Q1 24 | $14.8B | $2.1B |
| Q4 25 | $442.2B | $16.0B | ||
| Q3 25 | $429.9B | $15.2B | ||
| Q2 25 | $405.3B | $15.3B | ||
| Q1 25 | $381.5B | $15.0B | ||
| Q4 24 | $363.3B | $14.7B | ||
| Q3 24 | $355.0B | $14.4B | ||
| Q2 24 | $332.6B | $13.6B | ||
| Q1 24 | $320.6B | $13.2B |
| Q4 25 | 0.38× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.36× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 0.33× | — | ||
| Q2 24 | 0.38× | — | ||
| Q1 24 | 0.39× | — |
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 | $3.0B | $433.8M |
| Free Cash FlowOCF − Capex | — | $395.9M |
| FCF MarginFCF / Revenue | — | 7.2% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | 5.82× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0B | $433.8M | ||
| Q3 25 | $636.0M | $328.3M | ||
| Q2 25 | $1.1B | $155.9M | ||
| Q1 25 | $426.0M | $287.2M | ||
| Q4 24 | $386.0M | $345.3M | ||
| Q3 24 | $780.0M | $342.1M | ||
| Q2 24 | $525.0M | $149.9M | ||
| Q1 24 | $185.0M | $440.0M |
| Q4 25 | — | $395.9M | ||
| Q3 25 | — | $298.5M | ||
| Q2 25 | — | $133.4M | ||
| Q1 25 | — | $260.3M | ||
| Q4 24 | — | $316.7M | ||
| Q3 24 | — | $308.5M | ||
| Q2 24 | — | $119.0M | ||
| Q1 24 | — | $410.5M |
| Q4 25 | — | 7.2% | ||
| Q3 25 | — | 5.2% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 5.6% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 8.4% |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | 5.82× | — | ||
| Q3 25 | 0.51× | 1.13× | ||
| Q2 25 | 2.28× | 0.57× | ||
| Q1 25 | 0.92× | 1.28× | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | 1.25× | 1.08× | ||
| Q2 24 | 0.83× | 0.53× | ||
| Q1 24 | 0.16× | 2.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
