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Side-by-side financial comparison of CDW Corporation (CDW) and DaVita (DVA). Click either name above to swap in a different company.
CDW Corporation is the larger business by last-quarter revenue ($5.5B vs $3.6B, roughly 1.5× DaVita). On growth, DaVita posted the faster year-over-year revenue change (12.3% vs 6.3%). Over the past eight quarters, DaVita's revenue compounded faster (6.6% 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.
DaVita Inc. is an American company that provides kidney dialysis services through a network of 2,675 outpatient centers in the United States, serving 200,800 patients, and 367 outpatient centers in 11 other countries serving 49,400 patients. The company primarily treats end-stage renal disease (ESRD), which requires patients to undergo kidney dialysis, often 3 times per week for the rest of their lives unless they receive a kidney transplant via organ donation.
CDW vs DVA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.5B | $3.6B |
| Net Profit | — | $234.2M |
| Gross Margin | 22.8% | — |
| Operating Margin | 7.8% | 15.5% |
| Net Margin | — | 6.5% |
| Revenue YoY | 6.3% | 12.3% |
| Net Profit YoY | — | 43.8% |
| EPS (diluted) | $2.13 | $3.22 |
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 | — | $3.6B | ||
| Q4 25 | $5.5B | $3.6B | ||
| Q3 25 | $5.7B | $3.4B | ||
| Q2 25 | $6.0B | $3.4B | ||
| Q1 25 | $5.2B | $3.2B | ||
| Q4 24 | $5.2B | $3.3B | ||
| Q3 24 | $5.5B | $3.3B | ||
| Q2 24 | $5.4B | $3.2B |
| Q1 26 | — | $234.2M | ||
| Q4 25 | — | $234.2M | ||
| Q3 25 | $291.0M | $150.3M | ||
| Q2 25 | $271.2M | $199.3M | ||
| Q1 25 | $224.9M | $162.9M | ||
| Q4 24 | — | $259.3M | ||
| Q3 24 | $316.4M | $214.7M | ||
| Q2 24 | $281.1M | $222.7M |
| Q1 26 | — | — | ||
| 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 | — | 15.5% | ||
| Q4 25 | 7.8% | 15.5% | ||
| Q3 25 | 7.7% | 14.8% | ||
| Q2 25 | 7.0% | 15.9% | ||
| Q1 25 | 7.0% | 13.6% | ||
| Q4 24 | 7.9% | 17.2% | ||
| Q3 24 | 8.7% | 16.4% | ||
| Q2 24 | 8.0% | 15.9% |
| Q1 26 | — | 6.5% | ||
| Q4 25 | — | 6.5% | ||
| Q3 25 | 5.1% | 4.4% | ||
| Q2 25 | 4.5% | 5.9% | ||
| Q1 25 | 4.3% | 5.1% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | 5.7% | 6.6% | ||
| Q2 24 | 5.2% | 7.0% |
| Q1 26 | — | $3.22 | ||
| Q4 25 | $2.13 | $3.22 | ||
| Q3 25 | $2.21 | $2.04 | ||
| Q2 25 | $2.05 | $2.58 | ||
| Q1 25 | $1.69 | $2.00 | ||
| Q4 24 | $1.97 | $3.08 | ||
| Q3 24 | $2.34 | $2.50 | ||
| Q2 24 | $2.07 | $2.50 |
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 | $700.7M |
| Total DebtLower is stronger | — | $10.2B |
| Stockholders' EquityBook value | $2.6B | $-651.1M |
| Total Assets | $16.0B | $17.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $700.7M | ||
| Q4 25 | $618.7M | $700.7M | ||
| Q3 25 | $452.9M | $736.5M | ||
| Q2 25 | $481.0M | $739.4M | ||
| Q1 25 | $688.1M | $511.9M | ||
| Q4 24 | $717.7M | $846.0M | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $665.3M | $437.2M |
| Q1 26 | — | $10.2B | ||
| Q4 25 | — | $10.2B | ||
| Q3 25 | — | $10.2B | ||
| Q2 25 | — | $10.1B | ||
| Q1 25 | — | $9.6B | ||
| Q4 24 | — | $9.2B | ||
| Q3 24 | — | $9.3B | ||
| Q2 24 | — | $8.5B |
| Q1 26 | — | $-651.1M | ||
| Q4 25 | $2.6B | $-651.1M | ||
| Q3 25 | $2.5B | $-571.9M | ||
| Q2 25 | $2.5B | $-369.6M | ||
| Q1 25 | $2.3B | $-267.1M | ||
| Q4 24 | $2.4B | $121.1M | ||
| Q3 24 | $2.3B | $386.7M | ||
| Q2 24 | $2.2B | $632.9M |
| Q1 26 | — | $17.5B | ||
| Q4 25 | $16.0B | $17.5B | ||
| Q3 25 | $15.2B | $17.6B | ||
| Q2 25 | $15.3B | $17.5B | ||
| Q1 25 | $15.0B | $17.1B | ||
| Q4 24 | $14.7B | $17.3B | ||
| Q3 24 | $14.4B | $17.5B | ||
| Q2 24 | $13.6B | $17.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 75.76× | ||
| Q3 24 | — | 23.95× | ||
| Q2 24 | — | 13.35× |
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 | — |
| Free Cash FlowOCF − Capex | $395.9M | — |
| FCF MarginFCF / Revenue | 7.2% | — |
| Capex IntensityCapex / Revenue | 0.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $433.8M | $540.7M | ||
| Q3 25 | $328.3M | $841.5M | ||
| Q2 25 | $155.9M | $324.2M | ||
| Q1 25 | $287.2M | $180.0M | ||
| Q4 24 | $345.3M | $547.6M | ||
| Q3 24 | $342.1M | $810.4M | ||
| Q2 24 | $149.9M | $798.8M |
| Q1 26 | — | — | ||
| Q4 25 | $395.9M | $395.3M | ||
| Q3 25 | $298.5M | $675.4M | ||
| Q2 25 | $133.4M | $203.1M | ||
| Q1 25 | $260.3M | $36.8M | ||
| Q4 24 | $316.7M | $377.0M | ||
| Q3 24 | $308.5M | $671.4M | ||
| Q2 24 | $119.0M | $674.1M |
| Q1 26 | — | — | ||
| Q4 25 | 7.2% | 10.9% | ||
| Q3 25 | 5.2% | 19.7% | ||
| Q2 25 | 2.2% | 6.0% | ||
| Q1 25 | 5.0% | 1.1% | ||
| Q4 24 | 6.1% | 11.4% | ||
| Q3 24 | 5.6% | 20.6% | ||
| Q2 24 | 2.2% | 21.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 4.0% | ||
| Q3 25 | 0.5% | 4.9% | ||
| Q2 25 | 0.4% | 3.6% | ||
| Q1 25 | 0.5% | 4.4% | ||
| Q4 24 | 0.6% | 5.2% | ||
| Q3 24 | 0.6% | 4.3% | ||
| Q2 24 | 0.6% | 3.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.31× | ||
| Q3 25 | 1.13× | 5.60× | ||
| Q2 25 | 0.57× | 1.63× | ||
| Q1 25 | 1.28× | 1.10× | ||
| Q4 24 | — | 2.11× | ||
| Q3 24 | 1.08× | 3.77× | ||
| Q2 24 | 0.53× | 3.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
