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Side-by-side financial comparison of CDW Corporation (CDW) and Edison International (EIX). Click either name above to swap in a different company.
CDW Corporation is the larger business by last-quarter revenue ($5.5B vs $5.2B, roughly 1.1× Edison International). On growth, Edison International posted the faster year-over-year revenue change (30.8% vs 6.3%). CDW Corporation produced more free cash flow last quarter ($395.9M vs $-319.0M). Over the past eight quarters, Edison International's revenue compounded faster (13.1% 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.
Edison International is a public utility holding company based in Rosemead, California. Its subsidiaries include Southern California Edison, and unregulated non-utility business assets Edison Energy. Edison's roots trace back to Holt & Knupps, a company founded in 1886 as a provider of street lights in Visalia, California.
CDW vs EIX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.5B | $5.2B |
| Net Profit | — | $1.8B |
| Gross Margin | 22.8% | — |
| Operating Margin | 7.8% | 52.8% |
| Net Margin | — | 35.4% |
| Revenue YoY | 6.3% | 30.8% |
| Net Profit YoY | — | 443.5% |
| EPS (diluted) | $2.13 | $4.78 |
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 | $5.2B | ||
| Q3 25 | $5.7B | $5.8B | ||
| Q2 25 | $6.0B | $4.5B | ||
| Q1 25 | $5.2B | $3.8B | ||
| Q4 24 | $5.2B | $4.0B | ||
| Q3 24 | $5.5B | $5.2B | ||
| Q2 24 | $5.4B | $4.3B | ||
| Q1 24 | $4.9B | $4.1B |
| Q4 25 | — | $1.8B | ||
| Q3 25 | $291.0M | $832.0M | ||
| Q2 25 | $271.2M | $343.0M | ||
| Q1 25 | $224.9M | $1.4B | ||
| Q4 24 | — | $340.0M | ||
| Q3 24 | $316.4M | $516.0M | ||
| Q2 24 | $281.1M | $439.0M | ||
| Q1 24 | $216.1M | $-11.0M |
| 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% | 52.8% | ||
| Q3 25 | 7.7% | 24.9% | ||
| Q2 25 | 7.0% | 17.1% | ||
| Q1 25 | 7.0% | 56.0% | ||
| Q4 24 | 7.9% | 19.8% | ||
| Q3 24 | 8.7% | 19.1% | ||
| Q2 24 | 8.0% | 20.8% | ||
| Q1 24 | 6.7% | 6.0% |
| Q4 25 | — | 35.4% | ||
| Q3 25 | 5.1% | 14.5% | ||
| Q2 25 | 4.5% | 7.6% | ||
| Q1 25 | 4.3% | 37.7% | ||
| Q4 24 | — | 8.5% | ||
| Q3 24 | 5.7% | 9.9% | ||
| Q2 24 | 5.2% | 10.1% | ||
| Q1 24 | 4.4% | -0.3% |
| Q4 25 | $2.13 | $4.78 | ||
| Q3 25 | $2.21 | $2.16 | ||
| Q2 25 | $2.05 | $0.89 | ||
| Q1 25 | $1.69 | $3.72 | ||
| Q4 24 | $1.97 | $0.89 | ||
| Q3 24 | $2.34 | $1.32 | ||
| Q2 24 | $2.07 | $1.13 | ||
| Q1 24 | $1.59 | $-0.03 |
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 | $158.0M |
| Total DebtLower is stronger | — | $38.0B |
| Stockholders' EquityBook value | $2.6B | $17.6B |
| Total Assets | $16.0B | $94.0B |
| Debt / EquityLower = less leverage | — | 2.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $618.7M | $158.0M | ||
| Q3 25 | $452.9M | $364.0M | ||
| Q2 25 | $481.0M | $140.0M | ||
| Q1 25 | $688.1M | $1.3B | ||
| Q4 24 | $717.7M | $193.0M | ||
| Q3 24 | $1.2B | $200.0M | ||
| Q2 24 | $665.3M | $465.0M | ||
| Q1 24 | $803.8M | $992.0M |
| Q4 25 | — | $38.0B | ||
| Q3 25 | — | $36.4B | ||
| Q2 25 | — | $37.7B | ||
| Q1 25 | — | $38.4B | ||
| Q4 24 | — | $35.6B | ||
| Q3 24 | — | $34.9B | ||
| Q2 24 | — | $34.8B | ||
| Q1 24 | — | $34.7B |
| Q4 25 | $2.6B | $17.6B | ||
| Q3 25 | $2.5B | $17.2B | ||
| Q2 25 | $2.5B | $16.7B | ||
| Q1 25 | $2.3B | $16.6B | ||
| Q4 24 | $2.4B | $15.6B | ||
| Q3 24 | $2.3B | $15.7B | ||
| Q2 24 | $2.2B | $15.4B | ||
| Q1 24 | $2.1B | $15.2B |
| Q4 25 | $16.0B | $94.0B | ||
| Q3 25 | $15.2B | $90.5B | ||
| Q2 25 | $15.3B | $88.8B | ||
| Q1 25 | $15.0B | $88.4B | ||
| Q4 24 | $14.7B | $85.6B | ||
| Q3 24 | $14.4B | $84.7B | ||
| Q2 24 | $13.6B | $84.8B | ||
| Q1 24 | $13.2B | $83.6B |
| Q4 25 | — | 2.16× | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | 2.26× | ||
| Q1 25 | — | 2.31× | ||
| Q4 24 | — | 2.29× | ||
| Q3 24 | — | 2.23× | ||
| Q2 24 | — | 2.26× | ||
| Q1 24 | — | 2.29× |
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 | $1.6B |
| Free Cash FlowOCF − Capex | $395.9M | $-319.0M |
| FCF MarginFCF / Revenue | 7.2% | -6.1% |
| Capex IntensityCapex / Revenue | 0.7% | 36.3% |
| Cash ConversionOCF / Net Profit | — | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $-715.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $433.8M | $1.6B | ||
| Q3 25 | $328.3M | $2.1B | ||
| Q2 25 | $155.9M | $882.0M | ||
| Q1 25 | $287.2M | $1.2B | ||
| Q4 24 | $345.3M | $1.2B | ||
| Q3 24 | $342.1M | $2.5B | ||
| Q2 24 | $149.9M | $329.0M | ||
| Q1 24 | $440.0M | $1.0B |
| Q4 25 | $395.9M | $-319.0M | ||
| Q3 25 | $298.5M | $618.0M | ||
| Q2 25 | $133.4M | $-830.0M | ||
| Q1 25 | $260.3M | $-184.0M | ||
| Q4 24 | $316.7M | $-326.0M | ||
| Q3 24 | $308.5M | $961.0M | ||
| Q2 24 | $119.0M | $-1.1B | ||
| Q1 24 | $410.5M | $-236.0M |
| Q4 25 | 7.2% | -6.1% | ||
| Q3 25 | 5.2% | 10.7% | ||
| Q2 25 | 2.2% | -18.3% | ||
| Q1 25 | 5.0% | -4.8% | ||
| Q4 24 | 6.1% | -8.2% | ||
| Q3 24 | 5.6% | 18.5% | ||
| Q2 24 | 2.2% | -25.2% | ||
| Q1 24 | 8.4% | -5.8% |
| Q4 25 | 0.7% | 36.3% | ||
| Q3 25 | 0.5% | 26.2% | ||
| Q2 25 | 0.4% | 37.7% | ||
| Q1 25 | 0.5% | 36.9% | ||
| Q4 24 | 0.6% | 37.6% | ||
| Q3 24 | 0.6% | 29.1% | ||
| Q2 24 | 0.6% | 32.8% | ||
| Q1 24 | 0.6% | 31.4% |
| Q4 25 | — | 0.85× | ||
| Q3 25 | 1.13× | 2.55× | ||
| Q2 25 | 0.57× | 2.57× | ||
| Q1 25 | 1.28× | 0.85× | ||
| Q4 24 | — | 3.44× | ||
| Q3 24 | 1.08× | 4.79× | ||
| Q2 24 | 0.53× | 0.75× | ||
| 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.
EIX
| Commercial | $2.2B | 43% |
| Residential | $1.2B | 23% |
| Other | $966.0M | 19% |
| Other Operating Revenue | $802.0M | 15% |
