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Side-by-side financial comparison of CDW Corporation (CDW) and Dollar Tree (DLTR). Click either name above to swap in a different company.
CDW Corporation is the larger business by last-quarter revenue ($5.5B vs $4.7B, roughly 1.2× Dollar Tree). On growth, CDW Corporation posted the faster year-over-year revenue change (6.3% vs -37.2%). CDW Corporation produced more free cash flow last quarter ($395.9M vs $-57.1M). Over the past eight quarters, CDW Corporation's revenue compounded faster (6.3% CAGR vs -25.9%).
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.
Dollar Tree, Inc., formerly known as Dollar Tree Stores, Inc., is an American multi-price-point chain of discount variety stores. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 15,115 stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of 24 distribution centers.
CDW vs DLTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.5B | $4.7B |
| Net Profit | — | $244.6M |
| Gross Margin | 22.8% | 35.8% |
| Operating Margin | 7.8% | 7.2% |
| Net Margin | — | 5.2% |
| Revenue YoY | 6.3% | -37.2% |
| Net Profit YoY | — | 4.8% |
| EPS (diluted) | $2.13 | $1.20 |
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 | $4.7B | ||
| Q3 25 | $5.7B | $4.6B | ||
| Q2 25 | $6.0B | $4.6B | ||
| Q1 25 | $5.2B | $5.0B | ||
| Q4 24 | $5.2B | $7.6B | ||
| Q3 24 | $5.5B | $7.4B | ||
| Q2 24 | $5.4B | $7.6B | ||
| Q1 24 | $4.9B | $8.6B |
| Q4 25 | — | $244.6M | ||
| Q3 25 | $291.0M | $188.4M | ||
| Q2 25 | $271.2M | $343.4M | ||
| Q1 25 | $224.9M | $-3.7B | ||
| Q4 24 | — | $233.3M | ||
| Q3 24 | $316.4M | $132.4M | ||
| Q2 24 | $281.1M | $300.1M | ||
| Q1 24 | $216.1M | $-1.7B |
| Q4 25 | 22.8% | 35.8% | ||
| Q3 25 | 21.9% | 34.4% | ||
| Q2 25 | 20.8% | 35.6% | ||
| Q1 25 | 21.6% | 37.6% | ||
| Q4 24 | 22.3% | 30.9% | ||
| Q3 24 | 21.8% | 30.0% | ||
| Q2 24 | 21.8% | 30.8% | ||
| Q1 24 | 21.8% | 32.1% |
| Q4 25 | 7.8% | 7.2% | ||
| Q3 25 | 7.7% | 5.1% | ||
| Q2 25 | 7.0% | 8.3% | ||
| Q1 25 | 7.0% | — | ||
| Q4 24 | 7.9% | 4.4% | ||
| Q3 24 | 8.7% | 2.8% | ||
| Q2 24 | 8.0% | 5.5% | ||
| Q1 24 | 6.7% | -21.9% |
| Q4 25 | — | 5.2% | ||
| Q3 25 | 5.1% | 4.1% | ||
| Q2 25 | 4.5% | 7.4% | ||
| Q1 25 | 4.3% | -74.0% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | 5.7% | 1.8% | ||
| Q2 24 | 5.2% | 3.9% | ||
| Q1 24 | 4.4% | -19.8% |
| Q4 25 | $2.13 | $1.20 | ||
| Q3 25 | $2.21 | $0.91 | ||
| Q2 25 | $2.05 | $1.61 | ||
| Q1 25 | $1.69 | $-17.17 | ||
| Q4 24 | $1.97 | $1.08 | ||
| Q3 24 | $2.34 | $0.62 | ||
| Q2 24 | $2.07 | $1.38 | ||
| Q1 24 | $1.59 | $-7.78 |
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 | $594.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $3.5B |
| Total Assets | $16.0B | $13.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $618.7M | $594.8M | ||
| Q3 25 | $452.9M | $666.3M | ||
| Q2 25 | $481.0M | $1.0B | ||
| Q1 25 | $688.1M | $1.3B | ||
| Q4 24 | $717.7M | $697.6M | ||
| Q3 24 | $1.2B | $570.3M | ||
| Q2 24 | $665.3M | $618.5M | ||
| Q1 24 | $803.8M | $684.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $3.4B |
| Q4 25 | $2.6B | $3.5B | ||
| Q3 25 | $2.5B | $3.6B | ||
| Q2 25 | $2.5B | $3.9B | ||
| Q1 25 | $2.3B | $4.0B | ||
| Q4 24 | $2.4B | $7.6B | ||
| Q3 24 | $2.3B | $7.4B | ||
| Q2 24 | $2.2B | $7.3B | ||
| Q1 24 | $2.1B | $7.3B |
| Q4 25 | $16.0B | $13.7B | ||
| Q3 25 | $15.2B | $13.4B | ||
| Q2 25 | $15.3B | $18.3B | ||
| Q1 25 | $15.0B | $18.6B | ||
| Q4 24 | $14.7B | $23.3B | ||
| Q3 24 | $14.4B | $22.6B | ||
| Q2 24 | $13.6B | $22.1B | ||
| Q1 24 | $13.2B | $22.0B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.47× |
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 | $319.3M |
| Free Cash FlowOCF − Capex | $395.9M | $-57.1M |
| FCF MarginFCF / Revenue | 7.2% | -1.2% |
| Capex IntensityCapex / Revenue | 0.7% | 7.9% |
| Cash ConversionOCF / Net Profit | — | 1.31× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $394.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $433.8M | $319.3M | ||
| Q3 25 | $328.3M | $260.7M | ||
| Q2 25 | $155.9M | $378.5M | ||
| Q1 25 | $287.2M | $405.1M | ||
| Q4 24 | $345.3M | $785.6M | ||
| Q3 24 | $342.1M | $306.9M | ||
| Q2 24 | $149.9M | $695.7M | ||
| Q1 24 | $440.0M | $1.3B |
| Q4 25 | $395.9M | $-57.1M | ||
| Q3 25 | $298.5M | $15.6M | ||
| Q2 25 | $133.4M | $129.7M | ||
| Q1 25 | $260.3M | $306.3M | ||
| Q4 24 | $316.7M | $359.2M | ||
| Q3 24 | $308.5M | $-193.8M | ||
| Q2 24 | $119.0M | $223.5M | ||
| Q1 24 | $410.5M | $470.8M |
| Q4 25 | 7.2% | -1.2% | ||
| Q3 25 | 5.2% | 0.3% | ||
| Q2 25 | 2.2% | 2.8% | ||
| Q1 25 | 5.0% | 6.1% | ||
| Q4 24 | 6.1% | 4.8% | ||
| Q3 24 | 5.6% | -2.6% | ||
| Q2 24 | 2.2% | 2.9% | ||
| Q1 24 | 8.4% | 5.5% |
| Q4 25 | 0.7% | 7.9% | ||
| Q3 25 | 0.5% | 5.4% | ||
| Q2 25 | 0.4% | 5.4% | ||
| Q1 25 | 0.5% | 2.0% | ||
| Q4 24 | 0.6% | 5.6% | ||
| Q3 24 | 0.6% | 6.8% | ||
| Q2 24 | 0.6% | 6.2% | ||
| Q1 24 | 0.6% | 9.1% |
| Q4 25 | — | 1.31× | ||
| Q3 25 | 1.13× | 1.38× | ||
| Q2 25 | 0.57× | 1.10× | ||
| Q1 25 | 1.28× | — | ||
| Q4 24 | — | 3.37× | ||
| Q3 24 | 1.08× | 2.32× | ||
| Q2 24 | 0.53× | 2.32× | ||
| Q1 24 | 2.04× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CDW
Segment breakdown not available.
DLTR
| Consumable | $2.4B | 50% |
| Variety | $2.1B | 43% |
| Seasonal | $344.1M | 7% |
