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Side-by-side financial comparison of CBRE Group (CBRE) and CDW Corporation (CDW). Click either name above to swap in a different company.
CBRE Group is the larger business by last-quarter revenue ($10.5B vs $5.5B, roughly 1.9× CDW Corporation). On growth, CBRE Group posted the faster year-over-year revenue change (22.0% vs 6.3%). CDW Corporation produced more free cash flow last quarter ($395.9M vs $-605.0M). Over the past eight quarters, CBRE Group's revenue compounded faster (13.0% CAGR vs 6.3%).
CBRE can refer to:Canadian Brotherhood of Railway Employees, a railway trade union in Canada Chemical, Biological, Radiological and Explosive Defence Group, a counter-terrorism unit in Singapore CBRE Group, a multinational real estate corporation Certified broadcast radio engineer, a professional title regulated by The Society of Broadcast Engineers
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.
CBRE vs CDW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $10.5B | $5.5B |
| Net Profit | $318.0M | — |
| Gross Margin | 17.6% | 22.8% |
| Operating Margin | 4.9% | 7.8% |
| Net Margin | 3.0% | — |
| Revenue YoY | 22.0% | 6.3% |
| Net Profit YoY | 95.1% | — |
| 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.
| Q1 26 | $10.5B | — | ||
| Q4 25 | $11.5B | $5.5B | ||
| Q3 25 | $10.1B | $5.7B | ||
| Q2 25 | $9.6B | $6.0B | ||
| Q1 25 | $8.8B | $5.2B | ||
| Q4 24 | $10.2B | $5.2B | ||
| Q3 24 | $8.8B | $5.5B | ||
| Q2 24 | $8.2B | $5.4B |
| Q1 26 | $318.0M | — | ||
| Q4 25 | $416.0M | — | ||
| Q3 25 | $363.0M | $291.0M | ||
| Q2 25 | $215.0M | $271.2M | ||
| Q1 25 | $163.0M | $224.9M | ||
| Q4 24 | $487.0M | — | ||
| Q3 24 | $225.0M | $316.4M | ||
| Q2 24 | $130.0M | $281.1M |
| Q1 26 | 17.6% | — | ||
| Q4 25 | 17.3% | 22.8% | ||
| Q3 25 | 17.7% | 21.9% | ||
| Q2 25 | 17.1% | 20.8% | ||
| Q1 25 | 17.1% | 21.6% | ||
| Q4 24 | 18.7% | 22.3% | ||
| Q3 24 | 18.1% | 21.8% | ||
| Q2 24 | 17.6% | 21.8% |
| Q1 26 | 4.9% | — | ||
| Q4 25 | 5.4% | 7.8% | ||
| Q3 25 | 4.8% | 7.7% | ||
| Q2 25 | 3.9% | 7.0% | ||
| Q1 25 | 3.1% | 7.0% | ||
| Q4 24 | 5.8% | 7.9% | ||
| Q3 24 | 4.2% | 8.7% | ||
| Q2 24 | 3.0% | 8.0% |
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.6% | — | ||
| Q3 25 | 3.6% | 5.1% | ||
| Q2 25 | 2.2% | 4.5% | ||
| Q1 25 | 1.9% | 4.3% | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 2.5% | 5.7% | ||
| Q2 24 | 1.6% | 5.2% |
| Q1 26 | — | — | ||
| Q4 25 | $1.38 | $2.13 | ||
| Q3 25 | $1.21 | $2.21 | ||
| Q2 25 | $0.72 | $2.05 | ||
| Q1 25 | $0.54 | $1.69 | ||
| Q4 24 | $1.58 | $1.97 | ||
| Q3 24 | $0.73 | $2.34 | ||
| Q2 24 | $0.42 | $2.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.7B | $618.7M |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $8.9B | $2.6B |
| Total Assets | $30.2B | $16.0B |
| Debt / EquityLower = less leverage | 0.57× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.9B | $618.7M | ||
| Q3 25 | $1.7B | $452.9M | ||
| Q2 25 | $1.4B | $481.0M | ||
| Q1 25 | $1.4B | $688.1M | ||
| Q4 24 | $1.1B | $717.7M | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $928.0M | $665.3M |
| Q1 26 | $5.1B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $8.9B | — | ||
| Q4 25 | $8.9B | $2.6B | ||
| Q3 25 | $8.5B | $2.5B | ||
| Q2 25 | $8.3B | $2.5B | ||
| Q1 25 | $8.3B | $2.3B | ||
| Q4 24 | $8.4B | $2.4B | ||
| Q3 24 | $8.7B | $2.3B | ||
| Q2 24 | $8.4B | $2.2B |
| Q1 26 | $30.2B | — | ||
| Q4 25 | $30.9B | $16.0B | ||
| Q3 25 | $28.6B | $15.2B | ||
| Q2 25 | $27.7B | $15.3B | ||
| Q1 25 | $26.4B | $15.0B | ||
| Q4 24 | $24.4B | $14.7B | ||
| Q3 24 | $24.8B | $14.4B | ||
| Q2 24 | $23.5B | $13.6B |
| Q1 26 | 0.57× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-825.0M | $433.8M |
| Free Cash FlowOCF − Capex | $-605.0M | $395.9M |
| FCF MarginFCF / Revenue | -5.7% | 7.2% |
| Capex IntensityCapex / Revenue | 0.8% | 0.7% |
| Cash ConversionOCF / Net Profit | -2.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-825.0M | — | ||
| Q4 25 | $1.2B | $433.8M | ||
| Q3 25 | $827.0M | $328.3M | ||
| Q2 25 | $57.0M | $155.9M | ||
| Q1 25 | $-546.0M | $287.2M | ||
| Q4 24 | $1.3B | $345.3M | ||
| Q3 24 | $573.0M | $342.1M | ||
| Q2 24 | $287.0M | $149.9M |
| Q1 26 | $-605.0M | — | ||
| Q4 25 | $1.1B | $395.9M | ||
| Q3 25 | $743.0M | $298.5M | ||
| Q2 25 | $-17.0M | $133.4M | ||
| Q1 25 | $-610.0M | $260.3M | ||
| Q4 24 | $1.2B | $316.7M | ||
| Q3 24 | $494.0M | $308.5M | ||
| Q2 24 | $220.0M | $119.0M |
| Q1 26 | -5.7% | — | ||
| Q4 25 | 9.4% | 7.2% | ||
| Q3 25 | 7.4% | 5.2% | ||
| Q2 25 | -0.2% | 2.2% | ||
| Q1 25 | -7.0% | 5.0% | ||
| Q4 24 | 12.2% | 6.1% | ||
| Q3 24 | 5.6% | 5.6% | ||
| Q2 24 | 2.7% | 2.2% |
| Q1 26 | 0.8% | — | ||
| Q4 25 | 1.3% | 0.7% | ||
| Q3 25 | 0.8% | 0.5% | ||
| Q2 25 | 0.8% | 0.4% | ||
| Q1 25 | 0.7% | 0.5% | ||
| Q4 24 | 0.9% | 0.6% | ||
| Q3 24 | 0.9% | 0.6% | ||
| Q2 24 | 0.8% | 0.6% |
| Q1 26 | -2.59× | — | ||
| Q4 25 | 2.94× | — | ||
| Q3 25 | 2.28× | 1.13× | ||
| Q2 25 | 0.27× | 0.57× | ||
| Q1 25 | -3.35× | 1.28× | ||
| Q4 24 | 2.75× | — | ||
| Q3 24 | 2.55× | 1.08× | ||
| Q2 24 | 2.21× | 0.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
