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Side-by-side financial comparison of CDW Corporation (CDW) and Cheniere Energy, Inc. (LNG). Click either name above to swap in a different company.
CDW Corporation is the larger business by last-quarter revenue ($5.5B vs $5.4B, roughly 1.0× Cheniere Energy, Inc.). On growth, Cheniere Energy, Inc. posted the faster year-over-year revenue change (20.3% vs 6.3%). Cheniere Energy, Inc. produced more free cash flow last quarter ($1.3B vs $395.9M). Over the past eight quarters, Cheniere Energy, Inc.'s revenue compounded faster (14.3% 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.
Cheniere Energy, Inc. is an American liquefied natural gas (LNG) company headquartered in Houston, Texas.
CDW vs LNG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.5B | $5.4B |
| Net Profit | — | $2.3B |
| Gross Margin | 22.8% | — |
| Operating Margin | 7.8% | 70.8% |
| Net Margin | — | 42.8% |
| Revenue YoY | 6.3% | 20.3% |
| Net Profit YoY | — | 135.6% |
| EPS (diluted) | $2.13 | $10.51 |
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 | $5.4B | ||
| Q3 25 | $5.7B | $4.3B | ||
| Q2 25 | $6.0B | $4.5B | ||
| Q1 25 | $5.2B | $5.3B | ||
| Q4 24 | $5.2B | $4.5B | ||
| Q3 24 | $5.5B | $3.7B | ||
| Q2 24 | $5.4B | $3.1B | ||
| Q1 24 | $4.9B | $4.1B |
| Q4 25 | — | $2.3B | ||
| Q3 25 | $291.0M | $1.0B | ||
| Q2 25 | $271.2M | $1.6B | ||
| Q1 25 | $224.9M | $353.0M | ||
| Q4 24 | — | $977.0M | ||
| Q3 24 | $316.4M | $893.0M | ||
| Q2 24 | $281.1M | $880.0M | ||
| Q1 24 | $216.1M | $502.0M |
| 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% | 70.8% | ||
| Q3 25 | 7.7% | 42.3% | ||
| Q2 25 | 7.0% | 56.1% | ||
| Q1 25 | 7.0% | 18.2% | ||
| Q4 24 | 7.9% | 38.9% | ||
| Q3 24 | 8.7% | 44.7% | ||
| Q2 24 | 8.0% | 50.5% | ||
| Q1 24 | 6.7% | 28.0% |
| Q4 25 | — | 42.8% | ||
| Q3 25 | 5.1% | 24.4% | ||
| Q2 25 | 4.5% | 36.1% | ||
| Q1 25 | 4.3% | 6.7% | ||
| Q4 24 | — | 21.9% | ||
| Q3 24 | 5.7% | 24.2% | ||
| Q2 24 | 5.2% | 28.0% | ||
| Q1 24 | 4.4% | 12.2% |
| Q4 25 | $2.13 | $10.51 | ||
| Q3 25 | $2.21 | $4.75 | ||
| Q2 25 | $2.05 | $7.30 | ||
| Q1 25 | $1.69 | $1.57 | ||
| Q4 24 | $1.97 | $4.30 | ||
| Q3 24 | $2.34 | $3.93 | ||
| Q2 24 | $2.07 | $3.84 | ||
| Q1 24 | $1.59 | $2.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $618.7M | $1.1B |
| Total DebtLower is stronger | — | $22.5B |
| Stockholders' EquityBook value | $2.6B | $7.9B |
| Total Assets | $16.0B | $47.9B |
| Debt / EquityLower = less leverage | — | 2.84× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $618.7M | $1.1B | ||
| Q3 25 | $452.9M | $1.1B | ||
| Q2 25 | $481.0M | $1.6B | ||
| Q1 25 | $688.1M | $2.5B | ||
| Q4 24 | $717.7M | $2.6B | ||
| Q3 24 | $1.2B | $2.7B | ||
| Q2 24 | $665.3M | $2.4B | ||
| Q1 24 | $803.8M | $4.4B |
| Q4 25 | — | $22.5B | ||
| Q3 25 | — | $22.0B | ||
| Q2 25 | — | $22.0B | ||
| Q1 25 | — | $22.5B | ||
| Q4 24 | — | $22.6B | ||
| Q3 24 | — | $22.5B | ||
| Q2 24 | — | $22.6B | ||
| Q1 24 | — | $21.4B |
| Q4 25 | $2.6B | $7.9B | ||
| Q3 25 | $2.5B | $6.7B | ||
| Q2 25 | $2.5B | $6.7B | ||
| Q1 25 | $2.3B | $5.6B | ||
| Q4 24 | $2.4B | $5.7B | ||
| Q3 24 | $2.3B | $5.1B | ||
| Q2 24 | $2.2B | $4.5B | ||
| Q1 24 | $2.1B | $4.3B |
| Q4 25 | $16.0B | $47.9B | ||
| Q3 25 | $15.2B | $45.1B | ||
| Q2 25 | $15.3B | $44.6B | ||
| Q1 25 | $15.0B | $43.5B | ||
| Q4 24 | $14.7B | $43.9B | ||
| Q3 24 | $14.4B | $43.1B | ||
| Q2 24 | $13.6B | $42.3B | ||
| Q1 24 | $13.2B | $42.9B |
| Q4 25 | — | 2.84× | ||
| Q3 25 | — | 3.25× | ||
| Q2 25 | — | 3.28× | ||
| Q1 25 | — | 4.03× | ||
| Q4 24 | — | 3.96× | ||
| Q3 24 | — | 4.42× | ||
| Q2 24 | — | 5.06× | ||
| Q1 24 | — | 5.04× |
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 | $2.1B |
| Free Cash FlowOCF − Capex | $395.9M | $1.3B |
| FCF MarginFCF / Revenue | 7.2% | 24.4% |
| Capex IntensityCapex / Revenue | 0.7% | 13.8% |
| Cash ConversionOCF / Net Profit | — | 0.89× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $2.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $433.8M | $2.1B | ||
| Q3 25 | $328.3M | $1.4B | ||
| Q2 25 | $155.9M | $831.0M | ||
| Q1 25 | $287.2M | $1.2B | ||
| Q4 24 | $345.3M | $1.6B | ||
| Q3 24 | $342.1M | $1.4B | ||
| Q2 24 | $149.9M | $1.1B | ||
| Q1 24 | $440.0M | $1.2B |
| Q4 25 | $395.9M | $1.3B | ||
| Q3 25 | $298.5M | $738.0M | ||
| Q2 25 | $133.4M | $-193.0M | ||
| Q1 25 | $260.3M | $605.0M | ||
| Q4 24 | $316.7M | $1.1B | ||
| Q3 24 | $308.5M | $875.0M | ||
| Q2 24 | $119.0M | $613.0M | ||
| Q1 24 | $410.5M | $596.0M |
| Q4 25 | 7.2% | 24.4% | ||
| Q3 25 | 5.2% | 17.2% | ||
| Q2 25 | 2.2% | -4.3% | ||
| Q1 25 | 5.0% | 11.4% | ||
| Q4 24 | 6.1% | 24.0% | ||
| Q3 24 | 5.6% | 23.8% | ||
| Q2 24 | 2.2% | 19.5% | ||
| Q1 24 | 8.4% | 14.5% |
| Q4 25 | 0.7% | 13.8% | ||
| Q3 25 | 0.5% | 16.0% | ||
| Q2 25 | 0.4% | 22.7% | ||
| Q1 25 | 0.5% | 11.8% | ||
| Q4 24 | 0.6% | 12.7% | ||
| Q3 24 | 0.6% | 14.0% | ||
| Q2 24 | 0.6% | 16.0% | ||
| Q1 24 | 0.6% | 15.8% |
| Q4 25 | — | 0.89× | ||
| Q3 25 | 1.13× | 1.36× | ||
| Q2 25 | 0.57× | 0.51× | ||
| Q1 25 | 1.28× | 3.48× | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | 1.08× | 1.56× | ||
| Q2 24 | 0.53× | 1.27× | ||
| Q1 24 | 2.04× | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CDW
Segment breakdown not available.
LNG
| Liquefied Natural Gas | $5.3B | 99% |
| Other | $103.0M | 2% |
| Regasification Service | $34.0M | 1% |
