vs
Side-by-side financial comparison of CDW Corporation (CDW) and Duke Energy (DUK). Click either name above to swap in a different company.
Duke Energy is the larger business by last-quarter revenue ($7.9B vs $5.7B, roughly 1.4× CDW Corporation). Duke Energy runs the higher net margin — 20.0% vs 4.1%, a 15.9% gap on every dollar of revenue. On growth, Duke Energy posted the faster year-over-year revenue change (491.0% vs 9.2%). Over the past eight quarters, Duke Energy's revenue compounded faster (5.0% CAGR vs 2.3%).
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.
Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company serves over 7 million customers in the eastern United States. In 2024 it ranked as the 141st largest company in the United States – its highest-ever placement on the Fortune 500 list.
CDW vs DUK — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.7B | $7.9B |
| Net Profit | $235.4M | $1.6B |
| Gross Margin | 21.0% | — |
| Operating Margin | 6.6% | 34.6% |
| Net Margin | 4.1% | 20.0% |
| Revenue YoY | 9.2% | 491.0% |
| Net Profit YoY | 4.7% | 603.6% |
| EPS (diluted) | $1.82 | — |
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 | $5.7B | $7.9B | ||
| Q4 25 | $5.5B | $7.8B | ||
| Q3 25 | $5.7B | $8.4B | ||
| Q2 25 | $6.0B | $7.4B | ||
| Q1 25 | $5.2B | $8.2B | ||
| Q4 24 | $5.2B | $7.2B | ||
| Q3 24 | $5.5B | $8.1B | ||
| Q2 24 | $5.4B | $7.2B |
| Q1 26 | $235.4M | $1.6B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $291.0M | $1.4B | ||
| Q2 25 | $271.2M | $984.0M | ||
| Q1 25 | $224.9M | $1.4B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $316.4M | $1.3B | ||
| Q2 24 | $281.1M | $900.0M |
| Q1 26 | 21.0% | — | ||
| 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 26 | 6.6% | 34.6% | ||
| Q4 25 | 7.8% | 27.3% | ||
| Q3 25 | 7.7% | 27.9% | ||
| Q2 25 | 7.0% | 24.8% | ||
| Q1 25 | 7.0% | 28.5% | ||
| Q4 24 | 7.9% | 29.2% | ||
| Q3 24 | 8.7% | 26.4% | ||
| Q2 24 | 8.0% | 23.9% |
| Q1 26 | 4.1% | 20.0% | ||
| Q4 25 | — | 15.2% | ||
| Q3 25 | 5.1% | 17.0% | ||
| Q2 25 | 4.5% | 13.3% | ||
| Q1 25 | 4.3% | 16.8% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | 5.7% | 15.8% | ||
| Q2 24 | 5.2% | 12.6% |
| Q1 26 | $1.82 | — | ||
| Q4 25 | $2.13 | $1.49 | ||
| Q3 25 | $2.21 | $1.81 | ||
| Q2 25 | $2.05 | $1.25 | ||
| Q1 25 | $1.69 | $1.76 | ||
| Q4 24 | $1.97 | $1.54 | ||
| Q3 24 | $2.34 | $1.60 | ||
| Q2 24 | $2.07 | $1.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $578.6M | $2.1B |
| Total DebtLower is stronger | $1.0B | $54.1B |
| Stockholders' EquityBook value | $2.6B | $56.5B |
| Total Assets | $16.5B | $198.0B |
| Debt / EquityLower = less leverage | 0.39× | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $578.6M | $2.1B | ||
| Q4 25 | $618.7M | $245.0M | ||
| Q3 25 | $452.9M | $688.0M | ||
| Q2 25 | $481.0M | $344.0M | ||
| Q1 25 | $688.1M | $475.0M | ||
| Q4 24 | $717.7M | $314.0M | ||
| Q3 24 | $1.2B | $376.0M | ||
| Q2 24 | $665.3M | $390.0M |
| Q1 26 | $1.0B | $54.1B | ||
| Q4 25 | — | $80.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $76.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $2.6B | $56.5B | ||
| Q4 25 | $2.6B | $51.8B | ||
| Q3 25 | $2.5B | $51.5B | ||
| Q2 25 | $2.5B | $50.9B | ||
| Q1 25 | $2.3B | $50.7B | ||
| Q4 24 | $2.4B | $50.1B | ||
| Q3 24 | $2.3B | $49.1B | ||
| Q2 24 | $2.2B | $49.7B |
| Q1 26 | $16.5B | $198.0B | ||
| Q4 25 | $16.0B | $195.7B | ||
| Q3 25 | $15.2B | $192.3B | ||
| Q2 25 | $15.3B | $189.7B | ||
| Q1 25 | $15.0B | $187.5B | ||
| Q4 24 | $14.7B | $186.3B | ||
| Q3 24 | $14.4B | $183.6B | ||
| Q2 24 | $13.6B | $181.6B |
| Q1 26 | 0.39× | 0.96× | ||
| Q4 25 | — | 1.55× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.52× | ||
| 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 | $274.8M | $-65.0M |
| Free Cash FlowOCF − Capex | $248.4M | — |
| FCF MarginFCF / Revenue | 4.4% | — |
| Capex IntensityCapex / Revenue | 0.5% | — |
| Cash ConversionOCF / Net Profit | 1.17× | -0.04× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.8M | $-65.0M | ||
| Q4 25 | $433.8M | $3.7B | ||
| Q3 25 | $328.3M | $3.6B | ||
| Q2 25 | $155.9M | $2.9B | ||
| Q1 25 | $287.2M | $2.2B | ||
| Q4 24 | $345.3M | $3.4B | ||
| Q3 24 | $342.1M | $3.5B | ||
| Q2 24 | $149.9M | $3.0B |
| Q1 26 | $248.4M | — | ||
| Q4 25 | $395.9M | $-485.0M | ||
| Q3 25 | $298.5M | $179.0M | ||
| Q2 25 | $133.4M | $-417.0M | ||
| Q1 25 | $260.3M | $-971.0M | ||
| Q4 24 | $316.7M | $288.0M | ||
| Q3 24 | $308.5M | $537.0M | ||
| Q2 24 | $119.0M | $-43.0M |
| Q1 26 | 4.4% | — | ||
| Q4 25 | 7.2% | -6.2% | ||
| Q3 25 | 5.2% | 2.1% | ||
| Q2 25 | 2.2% | -5.7% | ||
| Q1 25 | 5.0% | -11.8% | ||
| Q4 24 | 6.1% | 4.0% | ||
| Q3 24 | 5.6% | 6.6% | ||
| Q2 24 | 2.2% | -0.6% |
| Q1 26 | 0.5% | — | ||
| Q4 25 | 0.7% | 53.3% | ||
| Q3 25 | 0.5% | 41.2% | ||
| Q2 25 | 0.4% | 44.5% | ||
| Q1 25 | 0.5% | 38.3% | ||
| Q4 24 | 0.6% | 42.7% | ||
| Q3 24 | 0.6% | 36.8% | ||
| Q2 24 | 0.6% | 41.9% |
| Q1 26 | 1.17× | -0.04× | ||
| Q4 25 | — | 3.09× | ||
| Q3 25 | 1.13× | 2.56× | ||
| Q2 25 | 0.57× | 2.91× | ||
| Q1 25 | 1.28× | 1.58× | ||
| Q4 24 | — | 2.80× | ||
| Q3 24 | 1.08× | 2.75× | ||
| Q2 24 | 0.53× | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CDW
| Corporate | $2.4B | 42% |
| Other | $802.5M | 14% |
| Healthcare | $766.7M | 13% |
| Education | $675.0M | 12% |
| Government | $632.9M | 11% |
| Financial Services | $428.4M | 8% |
DUK
| Regulated electric | $7.8B | 99% |
| Nonregulated electric and other | $61.0M | 1% |
