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Side-by-side financial comparison of CDW Corporation (CDW) and GE Vernova (GEV). Click either name above to swap in a different company.
GE Vernova is the larger business by last-quarter revenue ($9.3B vs $5.5B, roughly 1.7× CDW Corporation). On growth, GE Vernova posted the faster year-over-year revenue change (16.3% vs 6.3%). GE Vernova produced more free cash flow last quarter ($4.8B vs $395.9M). Over the past eight quarters, GE Vernova's revenue compounded faster (6.7% 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.
GE Vernova, Inc. is an energy equipment manufacturing and services company headquartered in Cambridge, Massachusetts. The company operates through three main segments: Power, which designs, manufactures, and services gas, nuclear, hydro, and steam technologies; Wind, which provides onshore and offshore wind turbines and blades; and Electrification, which offers grid solutions, power conversion, solar and storage solutions, and digital technologies for the transmission, distribution, and manag...
CDW vs GEV — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.5B | $9.3B |
| Net Profit | — | $4.8B |
| Gross Margin | 22.8% | — |
| Operating Margin | 7.8% | — |
| Net Margin | — | 50.9% |
| Revenue YoY | 6.3% | 16.3% |
| Net Profit YoY | — | 5.9% |
| EPS (diluted) | $2.13 | $17.44 |
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 | — | $9.3B | ||
| Q4 25 | $5.5B | $11.0B | ||
| Q3 25 | $5.7B | $10.0B | ||
| Q2 25 | $6.0B | $9.1B | ||
| Q1 25 | $5.2B | $8.0B | ||
| Q4 24 | $5.2B | $10.6B | ||
| Q3 24 | $5.5B | $8.9B | ||
| Q2 24 | $5.4B | $8.2B |
| Q1 26 | — | $4.8B | ||
| Q4 25 | — | $3.7B | ||
| Q3 25 | $291.0M | $452.0M | ||
| Q2 25 | $271.2M | $514.0M | ||
| Q1 25 | $224.9M | $254.0M | ||
| Q4 24 | — | $484.0M | ||
| Q3 24 | $316.4M | $-96.0M | ||
| Q2 24 | $281.1M | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | 22.8% | 21.2% | ||
| Q3 25 | 21.9% | 19.0% | ||
| Q2 25 | 20.8% | 20.3% | ||
| Q1 25 | 21.6% | 18.3% | ||
| Q4 24 | 22.3% | 20.1% | ||
| Q3 24 | 21.8% | 12.4% | ||
| Q2 24 | 21.8% | 20.7% |
| Q1 26 | — | — | ||
| Q4 25 | 7.8% | 5.5% | ||
| Q3 25 | 7.7% | 3.7% | ||
| Q2 25 | 7.0% | 4.1% | ||
| Q1 25 | 7.0% | 0.5% | ||
| Q4 24 | 7.9% | 5.6% | ||
| Q3 24 | 8.7% | -4.0% | ||
| Q2 24 | 8.0% | 6.4% |
| Q1 26 | — | 50.9% | ||
| Q4 25 | — | 33.4% | ||
| Q3 25 | 5.1% | 4.5% | ||
| Q2 25 | 4.5% | 5.6% | ||
| Q1 25 | 4.3% | 3.2% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | 5.7% | -1.1% | ||
| Q2 24 | 5.2% | 15.8% |
| Q1 26 | — | $17.44 | ||
| Q4 25 | $2.13 | $13.28 | ||
| Q3 25 | $2.21 | $1.64 | ||
| Q2 25 | $2.05 | $1.86 | ||
| Q1 25 | $1.69 | $0.91 | ||
| Q4 24 | $1.97 | $1.75 | ||
| Q3 24 | $2.34 | $-0.35 | ||
| Q2 24 | $2.07 | $4.65 |
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 | — | — |
| Stockholders' EquityBook value | $2.6B | — |
| Total Assets | $16.0B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | $2.6B | $11.2B | ||
| Q3 25 | $2.5B | $8.6B | ||
| Q2 25 | $2.5B | $8.9B | ||
| Q1 25 | $2.3B | $8.6B | ||
| Q4 24 | $2.4B | $9.5B | ||
| Q3 24 | $2.3B | $9.5B | ||
| Q2 24 | $2.2B | $9.1B |
| Q1 26 | — | — | ||
| Q4 25 | $16.0B | $63.0B | ||
| Q3 25 | $15.2B | $54.4B | ||
| Q2 25 | $15.3B | $53.1B | ||
| Q1 25 | $15.0B | $51.6B | ||
| Q4 24 | $14.7B | $51.5B | ||
| Q3 24 | $14.4B | $50.9B | ||
| Q2 24 | $13.6B | $48.1B |
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 | $4.8B |
| FCF MarginFCF / Revenue | 7.2% | 51.3% |
| Capex IntensityCapex / Revenue | 0.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $7.5B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $433.8M | $2.5B | ||
| Q3 25 | $328.3M | $980.0M | ||
| Q2 25 | $155.9M | $367.0M | ||
| Q1 25 | $287.2M | $1.2B | ||
| Q4 24 | $345.3M | $921.0M | ||
| Q3 24 | $342.1M | $1.1B | ||
| Q2 24 | $149.9M | $979.0M |
| Q1 26 | — | $4.8B | ||
| Q4 25 | $395.9M | $1.8B | ||
| Q3 25 | $298.5M | $733.0M | ||
| Q2 25 | $133.4M | $194.0M | ||
| Q1 25 | $260.3M | $975.0M | ||
| Q4 24 | $316.7M | $571.0M | ||
| Q3 24 | $308.5M | $968.0M | ||
| Q2 24 | $119.0M | $822.0M |
| Q1 26 | — | 51.3% | ||
| Q4 25 | 7.2% | 16.5% | ||
| Q3 25 | 5.2% | 7.4% | ||
| Q2 25 | 2.2% | 2.1% | ||
| Q1 25 | 5.0% | 12.1% | ||
| Q4 24 | 6.1% | 5.4% | ||
| Q3 24 | 5.6% | 10.9% | ||
| Q2 24 | 2.2% | 10.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 6.1% | ||
| Q3 25 | 0.5% | 2.5% | ||
| Q2 25 | 0.4% | 1.9% | ||
| Q1 25 | 0.5% | 2.3% | ||
| Q4 24 | 0.6% | 3.3% | ||
| Q3 24 | 0.6% | 1.8% | ||
| Q2 24 | 0.6% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | 1.13× | 2.17× | ||
| Q2 25 | 0.57× | 0.71× | ||
| Q1 25 | 1.28× | 4.57× | ||
| Q4 24 | — | 1.90× | ||
| Q3 24 | 1.08× | — | ||
| Q2 24 | 0.53× | 0.76× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
