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Side-by-side financial comparison of CDW Corporation (CDW) and Cheniere Energy Partners, L.P. (CQP). Click either name above to swap in a different company.
CDW Corporation is the larger business by last-quarter revenue ($5.5B vs $2.9B, roughly 1.9× Cheniere Energy Partners, L.P.). On growth, Cheniere Energy Partners, L.P. posted the faster year-over-year revenue change (18.3% vs 6.3%). Cheniere Energy Partners, L.P. produced more free cash flow last quarter ($864.0M vs $395.9M). Over the past eight quarters, Cheniere Energy Partners, L.P.'s revenue compounded faster (12.6% CAGR vs 6.3%).
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.
Total revenue of oil and gas companies is listed in billions of U.S. dollars. Total revenue is usually self-reported by companies, and often reported by neutral, unbiased, reliable publications. Reported data may be subsequently revised or restated due to a wide range of issues such as exchange rates, contract settlements, or mid-year discontinuation of products or services. Fiscal years are for January 1 to December 31, except where noted. Empty cells indicate that no data for that year has ...
CDW vs CQP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.5B | $2.9B |
| Net Profit | — | $1.3B |
| Gross Margin | 22.8% | — |
| Operating Margin | 7.8% | 50.5% |
| Net Margin | — | 44.2% |
| Revenue YoY | 6.3% | 18.3% |
| Net Profit YoY | — | 106.6% |
| 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 | $5.5B | $2.9B | ||
| Q3 25 | $5.7B | $2.4B | ||
| Q2 25 | $6.0B | $2.5B | ||
| Q1 25 | $5.2B | $3.0B | ||
| Q4 24 | $5.2B | $2.5B | ||
| Q3 24 | $5.5B | $2.1B | ||
| Q2 24 | $5.4B | $1.9B | ||
| Q1 24 | $4.9B | $2.3B |
| Q4 25 | — | $1.3B | ||
| Q3 25 | $291.0M | $506.0M | ||
| Q2 25 | $271.2M | $553.0M | ||
| Q1 25 | $224.9M | $641.0M | ||
| Q4 24 | — | $623.0M | ||
| Q3 24 | $316.4M | $635.0M | ||
| Q2 24 | $281.1M | $570.0M | ||
| Q1 24 | $216.1M | $682.0M |
| 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 | 7.8% | 50.5% | ||
| Q3 25 | 7.7% | 29.0% | ||
| Q2 25 | 7.0% | 29.1% | ||
| Q1 25 | 7.0% | 27.6% | ||
| Q4 24 | 7.9% | 33.0% | ||
| Q3 24 | 8.7% | 40.2% | ||
| Q2 24 | 8.0% | 40.4% | ||
| Q1 24 | 6.7% | 38.1% |
| Q4 25 | — | 44.2% | ||
| Q3 25 | 5.1% | 21.0% | ||
| Q2 25 | 4.5% | 22.5% | ||
| Q1 25 | 4.3% | 21.4% | ||
| Q4 24 | — | 25.3% | ||
| Q3 24 | 5.7% | 30.9% | ||
| Q2 24 | 5.2% | 30.1% | ||
| Q1 24 | 4.4% | 29.7% |
| 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 | $182.0M |
| Total DebtLower is stronger | — | $14.2B |
| Stockholders' EquityBook value | $2.6B | — |
| Total Assets | $16.0B | $17.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $618.7M | $182.0M | ||
| Q3 25 | $452.9M | $121.0M | ||
| Q2 25 | $481.0M | $108.0M | ||
| Q1 25 | $688.1M | $94.0M | ||
| Q4 24 | $717.7M | $270.0M | ||
| Q3 24 | $1.2B | $331.0M | ||
| Q2 24 | $665.3M | $351.0M | ||
| Q1 24 | $803.8M | $333.0M |
| Q4 25 | — | $14.2B | ||
| Q3 25 | — | $14.2B | ||
| Q2 25 | — | $14.2B | ||
| Q1 25 | — | $14.7B | ||
| Q4 24 | — | $14.8B | ||
| Q3 24 | — | $14.8B | ||
| Q2 24 | — | $14.8B | ||
| Q1 24 | — | $13.6B |
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.5B | — | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.2B | — | ||
| Q1 24 | $2.1B | — |
| Q4 25 | $16.0B | $17.4B | ||
| Q3 25 | $15.2B | $16.8B | ||
| Q2 25 | $15.3B | $16.9B | ||
| Q1 25 | $15.0B | $17.1B | ||
| Q4 24 | $14.7B | $17.5B | ||
| Q3 24 | $14.4B | $17.4B | ||
| Q2 24 | $13.6B | $17.5B | ||
| Q1 24 | $13.2B | $17.5B |
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 | $433.8M | $887.0M |
| Free Cash FlowOCF − Capex | $395.9M | $864.0M |
| FCF MarginFCF / Revenue | 7.2% | 29.7% |
| Capex IntensityCapex / Revenue | 0.7% | 0.8% |
| Cash ConversionOCF / Net Profit | — | 0.69× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $433.8M | $887.0M | ||
| Q3 25 | $328.3M | $658.0M | ||
| Q2 25 | $155.9M | $558.0M | ||
| Q1 25 | $287.2M | $665.0M | ||
| Q4 24 | $345.3M | $876.0M | ||
| Q3 24 | $342.1M | $691.0M | ||
| Q2 24 | $149.9M | $732.0M | ||
| Q1 24 | $440.0M | $669.0M |
| Q4 25 | $395.9M | $864.0M | ||
| Q3 25 | $298.5M | $610.0M | ||
| Q2 25 | $133.4M | $490.0M | ||
| Q1 25 | $260.3M | $605.0M | ||
| Q4 24 | $316.7M | $827.0M | ||
| Q3 24 | $308.5M | $652.0M | ||
| Q2 24 | $119.0M | $702.0M | ||
| Q1 24 | $410.5M | $633.0M |
| Q4 25 | 7.2% | 29.7% | ||
| Q3 25 | 5.2% | 25.4% | ||
| Q2 25 | 2.2% | 20.0% | ||
| Q1 25 | 5.0% | 20.2% | ||
| Q4 24 | 6.1% | 33.6% | ||
| Q3 24 | 5.6% | 31.7% | ||
| Q2 24 | 2.2% | 37.1% | ||
| Q1 24 | 8.4% | 27.6% |
| Q4 25 | 0.7% | 0.8% | ||
| Q3 25 | 0.5% | 2.0% | ||
| Q2 25 | 0.4% | 2.8% | ||
| Q1 25 | 0.5% | 2.0% | ||
| Q4 24 | 0.6% | 2.0% | ||
| Q3 24 | 0.6% | 1.9% | ||
| Q2 24 | 0.6% | 1.6% | ||
| Q1 24 | 0.6% | 1.6% |
| Q4 25 | — | 0.69× | ||
| Q3 25 | 1.13× | 1.30× | ||
| Q2 25 | 0.57× | 1.01× | ||
| Q1 25 | 1.28× | 1.04× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | 1.08× | 1.09× | ||
| Q2 24 | 0.53× | 1.28× | ||
| Q1 24 | 2.04× | 0.98× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CDW
Segment breakdown not available.
CQP
| Liquefied Natural Gas | $2.9B | 98% |
| Regasification Service | $34.0M | 1% |
| Other | $17.0M | 1% |
