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Side-by-side financial comparison of CDW Corporation (CDW) and MERCADOLIBRE INC (MELI). Click either name above to swap in a different company.
MERCADOLIBRE INC is the larger business by last-quarter revenue ($6.1B vs $5.5B, roughly 1.1× CDW Corporation). On growth, MERCADOLIBRE INC posted the faster year-over-year revenue change (40.2% vs 6.3%). MERCADOLIBRE INC produced more free cash flow last quarter ($4.8B vs $395.9M). Over the past eight quarters, MERCADOLIBRE INC's revenue compounded faster (40.7% 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.
MercadoLibre, Inc., known as Mercado Livre in Brazil, literally meaning "free market" in both languages, is a company of Argentine origin and incorporated in Delaware in the United States that operates online marketplaces dedicated to e-commerce and online auctions. As of 2016, Mercado Libre had 174.2 million users in Latin America, making it the region's most popular e-commerce site by number of visitors.
CDW vs MELI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.5B | $6.1B |
| Net Profit | — | $559.0M |
| Gross Margin | 22.8% | 61.7% |
| Operating Margin | 7.8% | 14.5% |
| Net Margin | — | 9.1% |
| Revenue YoY | 6.3% | 40.2% |
| Net Profit YoY | — | -12.5% |
| EPS (diluted) | $2.13 | $11.03 |
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 | $6.1B | ||
| Q3 25 | $5.7B | $5.2B | ||
| Q2 25 | $6.0B | $4.8B | ||
| Q1 25 | $5.2B | $4.2B | ||
| Q4 24 | $5.2B | $4.4B | ||
| Q3 24 | $5.5B | $3.9B | ||
| Q2 24 | $5.4B | $3.8B | ||
| Q1 24 | $4.9B | $3.1B |
| Q4 25 | — | $559.0M | ||
| Q3 25 | $291.0M | $421.0M | ||
| Q2 25 | $271.2M | $523.0M | ||
| Q1 25 | $224.9M | $494.0M | ||
| Q4 24 | — | $639.0M | ||
| Q3 24 | $316.4M | $397.0M | ||
| Q2 24 | $281.1M | $531.0M | ||
| Q1 24 | $216.1M | $344.0M |
| Q4 25 | 22.8% | 61.7% | ||
| Q3 25 | 21.9% | 61.7% | ||
| Q2 25 | 20.8% | 64.4% | ||
| Q1 25 | 21.6% | 66.1% | ||
| Q4 24 | 22.3% | 62.8% | ||
| Q3 24 | 21.8% | 62.6% | ||
| Q2 24 | 21.8% | 62.8% | ||
| Q1 24 | 21.8% | 65.3% |
| Q4 25 | 7.8% | 14.5% | ||
| Q3 25 | 7.7% | 13.9% | ||
| Q2 25 | 7.0% | 17.2% | ||
| Q1 25 | 7.0% | 18.2% | ||
| Q4 24 | 7.9% | 18.7% | ||
| Q3 24 | 8.7% | 14.3% | ||
| Q2 24 | 8.0% | 19.3% | ||
| Q1 24 | 6.7% | 17.0% |
| Q4 25 | — | 9.1% | ||
| Q3 25 | 5.1% | 8.1% | ||
| Q2 25 | 4.5% | 10.9% | ||
| Q1 25 | 4.3% | 11.8% | ||
| Q4 24 | — | 14.6% | ||
| Q3 24 | 5.7% | 10.2% | ||
| Q2 24 | 5.2% | 14.1% | ||
| Q1 24 | 4.4% | 11.1% |
| Q4 25 | $2.13 | $11.03 | ||
| Q3 25 | $2.21 | $8.32 | ||
| Q2 25 | $2.05 | $10.31 | ||
| Q1 25 | $1.69 | $9.74 | ||
| Q4 24 | $1.97 | $12.60 | ||
| Q3 24 | $2.34 | $7.83 | ||
| Q2 24 | $2.07 | $10.48 | ||
| Q1 24 | $1.59 | $6.78 |
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 | $6.3B |
| Total DebtLower is stronger | — | $4.6B |
| Stockholders' EquityBook value | $2.6B | $6.7B |
| Total Assets | $16.0B | $42.7B |
| Debt / EquityLower = less leverage | — | 0.68× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $618.7M | $6.3B | ||
| Q3 25 | $452.9M | $6.3B | ||
| Q2 25 | $481.0M | $7.6B | ||
| Q1 25 | $688.1M | $8.1B | ||
| Q4 24 | $717.7M | $7.1B | ||
| Q3 24 | $1.2B | $6.7B | ||
| Q2 24 | $665.3M | $6.9B | ||
| Q1 24 | $803.8M | $6.3B |
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | — | $3.5B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.2B |
| Q4 25 | $2.6B | $6.7B | ||
| Q3 25 | $2.5B | $6.2B | ||
| Q2 25 | $2.5B | $5.7B | ||
| Q1 25 | $2.3B | $5.0B | ||
| Q4 24 | $2.4B | $4.4B | ||
| Q3 24 | $2.3B | $4.0B | ||
| Q2 24 | $2.2B | $3.7B | ||
| Q1 24 | $2.1B | $3.4B |
| Q4 25 | $16.0B | $42.7B | ||
| Q3 25 | $15.2B | $36.7B | ||
| Q2 25 | $15.3B | $32.9B | ||
| Q1 25 | $15.0B | $27.7B | ||
| Q4 24 | $14.7B | $25.2B | ||
| Q3 24 | $14.4B | $22.6B | ||
| Q2 24 | $13.6B | $20.0B | ||
| Q1 24 | $13.2B | $19.1B |
| Q4 25 | — | 0.68× | ||
| Q3 25 | — | 0.55× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | — | 0.67× | ||
| Q1 24 | — | 0.66× |
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 | $5.2B |
| Free Cash FlowOCF − Capex | $395.9M | $4.8B |
| FCF MarginFCF / Revenue | 7.2% | 77.9% |
| Capex IntensityCapex / Revenue | 0.7% | 7.0% |
| Cash ConversionOCF / Net Profit | — | 9.32× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $10.8B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $433.8M | $5.2B | ||
| Q3 25 | $328.3M | $3.0B | ||
| Q2 25 | $155.9M | $2.9B | ||
| Q1 25 | $287.2M | $1.0B | ||
| Q4 24 | $345.3M | $2.9B | ||
| Q3 24 | $342.1M | $1.6B | ||
| Q2 24 | $149.9M | $1.9B | ||
| Q1 24 | $440.0M | $1.5B |
| Q4 25 | $395.9M | $4.8B | ||
| Q3 25 | $298.5M | $2.6B | ||
| Q2 25 | $133.4M | $2.6B | ||
| Q1 25 | $260.3M | $759.0M | ||
| Q4 24 | $316.7M | $2.6B | ||
| Q3 24 | $308.5M | $1.4B | ||
| Q2 24 | $119.0M | $1.7B | ||
| Q1 24 | $410.5M | $1.4B |
| Q4 25 | 7.2% | 77.9% | ||
| Q3 25 | 5.2% | 50.0% | ||
| Q2 25 | 2.2% | 54.8% | ||
| Q1 25 | 5.0% | 18.1% | ||
| Q4 24 | 6.1% | 59.8% | ||
| Q3 24 | 5.6% | 35.4% | ||
| Q2 24 | 2.2% | 45.1% | ||
| Q1 24 | 8.4% | 44.1% |
| Q4 25 | 0.7% | 7.0% | ||
| Q3 25 | 0.5% | 6.9% | ||
| Q2 25 | 0.4% | 6.0% | ||
| Q1 25 | 0.5% | 6.5% | ||
| Q4 24 | 0.6% | 7.0% | ||
| Q3 24 | 0.6% | 5.7% | ||
| Q2 24 | 0.6% | 4.9% | ||
| Q1 24 | 0.6% | 4.7% |
| Q4 25 | — | 9.32× | ||
| Q3 25 | 1.13× | 7.03× | ||
| Q2 25 | 0.57× | 5.58× | ||
| Q1 25 | 1.28× | 2.09× | ||
| Q4 24 | — | 4.58× | ||
| Q3 24 | 1.08× | 4.03× | ||
| Q2 24 | 0.53× | 3.54× | ||
| Q1 24 | 2.04× | 4.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CDW
Segment breakdown not available.
MELI
| Commerce | $2.8B | 45% |
| Argentina Segment | $1.6B | 26% |
| Products | $1.2B | 20% |
| Other Countries Segment | $414.0M | 7% |
