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Side-by-side financial comparison of CDW Corporation (CDW) and Emerson Electric (EMR). Click either name above to swap in a different company.
CDW Corporation is the larger business by last-quarter revenue ($5.5B vs $4.3B, roughly 1.3× Emerson Electric). On growth, CDW Corporation posted the faster year-over-year revenue change (6.3% vs 4.1%). Emerson Electric produced more free cash flow last quarter ($602.0M vs $395.9M). Over the past eight quarters, CDW Corporation's revenue compounded faster (6.3% CAGR vs -0.3%).
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.
Emerson ElectricEMREarnings & Financial Report
Emerson Electric Co. is an American multinational corporation headquartered in St. Louis, Missouri. The Fortune 500 company delivers a range of engineering services, manufactures industrial automation equipment, climate control systems, and precision measurement instruments, and provides software engineering for industrial, commercial, and consumer markets.
CDW vs EMR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.5B | $4.3B |
| Net Profit | — | $605.0M |
| Gross Margin | 22.8% | 53.2% |
| Operating Margin | 7.8% | 17.8% |
| Net Margin | — | 13.9% |
| Revenue YoY | 6.3% | 4.1% |
| Net Profit YoY | — | 3.4% |
| EPS (diluted) | $2.13 | $1.07 |
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 | $4.3B | ||
| Q3 25 | $5.7B | $4.9B | ||
| Q2 25 | $6.0B | $4.6B | ||
| Q1 25 | $5.2B | $4.4B | ||
| Q4 24 | $5.2B | $4.2B | ||
| Q3 24 | $5.5B | $4.6B | ||
| Q2 24 | $5.4B | $4.4B | ||
| Q1 24 | $4.9B | $4.4B |
| Q4 25 | — | $605.0M | ||
| Q3 25 | $291.0M | $637.0M | ||
| Q2 25 | $271.2M | $586.0M | ||
| Q1 25 | $224.9M | $485.0M | ||
| Q4 24 | — | $585.0M | ||
| Q3 24 | $316.4M | $996.0M | ||
| Q2 24 | $281.1M | $329.0M | ||
| Q1 24 | $216.1M | $501.0M |
| Q4 25 | 22.8% | 53.2% | ||
| Q3 25 | 21.9% | 51.9% | ||
| Q2 25 | 20.8% | 52.6% | ||
| Q1 25 | 21.6% | 53.5% | ||
| Q4 24 | 22.3% | 53.5% | ||
| Q3 24 | 21.8% | 51.3% | ||
| Q2 24 | 21.8% | 52.8% | ||
| Q1 24 | 21.8% | 52.2% |
| Q4 25 | 7.8% | 17.8% | ||
| Q3 25 | 7.7% | 16.4% | ||
| Q2 25 | 7.0% | 16.1% | ||
| Q1 25 | 7.0% | 14.2% | ||
| Q4 24 | 7.9% | 18.6% | ||
| Q3 24 | 8.7% | 14.7% | ||
| Q2 24 | 8.0% | 10.4% | ||
| Q1 24 | 6.7% | 16.2% |
| Q4 25 | — | 13.9% | ||
| Q3 25 | 5.1% | 13.1% | ||
| Q2 25 | 4.5% | 12.9% | ||
| Q1 25 | 4.3% | 10.9% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | 5.7% | 21.6% | ||
| Q2 24 | 5.2% | 7.5% | ||
| Q1 24 | 4.4% | 11.4% |
| Q4 25 | $2.13 | $1.07 | ||
| Q3 25 | $2.21 | $1.12 | ||
| Q2 25 | $2.05 | $1.04 | ||
| Q1 25 | $1.69 | $0.86 | ||
| Q4 24 | $1.97 | $1.02 | ||
| Q3 24 | $2.34 | $1.74 | ||
| Q2 24 | $2.07 | $0.57 | ||
| Q1 24 | $1.59 | $0.87 |
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 | — |
| Total DebtLower is stronger | — | $7.6B |
| Stockholders' EquityBook value | $2.6B | $20.3B |
| Total Assets | $16.0B | $41.9B |
| Debt / EquityLower = less leverage | — | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $618.7M | — | ||
| Q3 25 | $452.9M | — | ||
| Q2 25 | $481.0M | — | ||
| Q1 25 | $688.1M | — | ||
| Q4 24 | $717.7M | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $665.3M | — | ||
| Q1 24 | $803.8M | — |
| Q4 25 | — | $7.6B | ||
| Q3 25 | — | $8.9B | ||
| Q2 25 | — | $8.3B | ||
| Q1 25 | — | $8.2B | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | — | $7.7B | ||
| Q2 24 | — | $7.1B | ||
| Q1 24 | — | $7.6B |
| Q4 25 | $2.6B | $20.3B | ||
| Q3 25 | $2.5B | $20.3B | ||
| Q2 25 | $2.5B | $19.9B | ||
| Q1 25 | $2.3B | $19.2B | ||
| Q4 24 | $2.4B | $20.5B | ||
| Q3 24 | $2.3B | $21.6B | ||
| Q2 24 | $2.2B | $20.8B | ||
| Q1 24 | $2.1B | $20.9B |
| Q4 25 | $16.0B | $41.9B | ||
| Q3 25 | $15.2B | $42.0B | ||
| Q2 25 | $15.3B | $42.5B | ||
| Q1 25 | $15.0B | $42.0B | ||
| Q4 24 | $14.7B | $42.6B | ||
| Q3 24 | $14.4B | $44.2B | ||
| Q2 24 | $13.6B | $45.6B | ||
| Q1 24 | $13.2B | $46.4B |
| Q4 25 | — | 0.37× | ||
| Q3 25 | — | 0.44× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.36× | ||
| Q2 24 | — | 0.34× | ||
| Q1 24 | — | 0.36× |
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 | $699.0M |
| Free Cash FlowOCF − Capex | $395.9M | $602.0M |
| FCF MarginFCF / Revenue | 7.2% | 13.9% |
| Capex IntensityCapex / Revenue | 0.7% | 2.2% |
| Cash ConversionOCF / Net Profit | — | 1.16× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $4.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $433.8M | $699.0M | ||
| Q3 25 | $328.3M | $3.1B | ||
| Q2 25 | $155.9M | $1.1B | ||
| Q1 25 | $287.2M | $241.0M | ||
| Q4 24 | $345.3M | $777.0M | ||
| Q3 24 | $342.1M | $3.3B | ||
| Q2 24 | $149.9M | $1.1B | ||
| Q1 24 | $440.0M | $743.0M |
| Q4 25 | $395.9M | $602.0M | ||
| Q3 25 | $298.5M | $2.7B | ||
| Q2 25 | $133.4M | $977.0M | ||
| Q1 25 | $260.3M | $154.0M | ||
| Q4 24 | $316.7M | $694.0M | ||
| Q3 24 | $308.5M | $2.9B | ||
| Q2 24 | $119.0M | $998.0M | ||
| Q1 24 | $410.5M | $661.0M |
| Q4 25 | 7.2% | 13.9% | ||
| Q3 25 | 5.2% | 54.9% | ||
| Q2 25 | 2.2% | 21.5% | ||
| Q1 25 | 5.0% | 3.5% | ||
| Q4 24 | 6.1% | 16.6% | ||
| Q3 24 | 5.6% | 63.1% | ||
| Q2 24 | 2.2% | 22.8% | ||
| Q1 24 | 8.4% | 15.1% |
| Q4 25 | 0.7% | 2.2% | ||
| Q3 25 | 0.5% | 8.9% | ||
| Q2 25 | 0.4% | 2.0% | ||
| Q1 25 | 0.5% | 2.0% | ||
| Q4 24 | 0.6% | 2.0% | ||
| Q3 24 | 0.6% | 9.1% | ||
| Q2 24 | 0.6% | 2.1% | ||
| Q1 24 | 0.6% | 1.9% |
| Q4 25 | — | 1.16× | ||
| Q3 25 | 1.13× | 4.86× | ||
| Q2 25 | 0.57× | 1.83× | ||
| Q1 25 | 1.28× | 0.50× | ||
| Q4 24 | — | 1.33× | ||
| Q3 24 | 1.08× | 3.35× | ||
| Q2 24 | 0.53× | 3.31× | ||
| Q1 24 | 2.04× | 1.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CDW
Segment breakdown not available.
EMR
| Other | $1.8B | 41% |
| Software And Systems | $1.0B | 24% |
| Intelligent Devices | $996.0M | 23% |
| Safety And Productivity | $503.0M | 12% |
