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Side-by-side financial comparison of CDW Corporation (CDW) and NextEra Energy (NEE). Click either name above to swap in a different company.
NextEra Energy is the larger business by last-quarter revenue ($6.0B vs $5.5B, roughly 1.1× CDW Corporation). On growth, NextEra Energy posted the faster year-over-year revenue change (11.1% vs 6.3%). Over the past eight quarters, CDW Corporation's revenue compounded faster (6.3% CAGR vs 5.4%).
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.
NextEra Energy, Inc. is an American energy company that is the world's largest electric utility holding company by market capitalization, with a valuation of over $170 billion as of Oct 2024. NextEra Energy had revenues of $24.8 billion and 16,700 employees throughout the US and Canada in 2024. It has a current generating capacity of 73 gigawatts. Its subsidiaries include Florida Power & Light (FPL), NextEra Energy Resources (NEER), XPLR Energy Partners, and NextEra Energy Services.
CDW vs NEE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.5B | $6.0B |
| Net Profit | — | $1.5B |
| Gross Margin | 22.8% | — |
| Operating Margin | 7.8% | 26.4% |
| Net Margin | — | 25.6% |
| Revenue YoY | 6.3% | 11.1% |
| Net Profit YoY | — | 27.6% |
| EPS (diluted) | $2.13 | $0.74 |
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 | $6.0B | ||
| Q3 25 | $5.7B | $7.4B | ||
| Q2 25 | $6.0B | $6.4B | ||
| Q1 25 | $5.2B | $6.0B | ||
| Q4 24 | $5.2B | $5.4B | ||
| Q3 24 | $5.5B | $6.7B | ||
| Q2 24 | $5.4B | $6.0B | ||
| Q1 24 | $4.9B | $5.4B |
| Q4 25 | — | $1.5B | ||
| Q3 25 | $291.0M | $2.4B | ||
| Q2 25 | $271.2M | $2.0B | ||
| Q1 25 | $224.9M | $833.0M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $316.4M | $1.9B | ||
| Q2 24 | $281.1M | $1.6B | ||
| Q1 24 | $216.1M | $2.3B |
| 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% | 26.4% | ||
| Q3 25 | 7.7% | 34.1% | ||
| Q2 25 | 7.0% | 29.9% | ||
| Q1 25 | 7.0% | 37.6% | ||
| Q4 24 | 7.9% | 17.4% | ||
| Q3 24 | 8.7% | 42.6% | ||
| Q2 24 | 8.0% | 27.8% | ||
| Q1 24 | 6.7% | 37.3% |
| Q4 25 | — | 25.6% | ||
| Q3 25 | 5.1% | 32.9% | ||
| Q2 25 | 4.5% | 31.7% | ||
| Q1 25 | 4.3% | 13.9% | ||
| Q4 24 | — | 22.3% | ||
| Q3 24 | 5.7% | 27.6% | ||
| Q2 24 | 5.2% | 27.0% | ||
| Q1 24 | 4.4% | 42.0% |
| Q4 25 | $2.13 | $0.74 | ||
| Q3 25 | $2.21 | $1.18 | ||
| Q2 25 | $2.05 | $0.98 | ||
| Q1 25 | $1.69 | $0.40 | ||
| Q4 24 | $1.97 | $0.58 | ||
| Q3 24 | $2.34 | $0.90 | ||
| Q2 24 | $2.07 | $0.79 | ||
| Q1 24 | $1.59 | $1.10 |
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 | $2.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $54.6B |
| Total Assets | $16.0B | $212.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $618.7M | $2.8B | ||
| Q3 25 | $452.9M | $2.4B | ||
| Q2 25 | $481.0M | $1.7B | ||
| Q1 25 | $688.1M | $2.4B | ||
| Q4 24 | $717.7M | $1.5B | ||
| Q3 24 | $1.2B | $2.3B | ||
| Q2 24 | $665.3M | $1.6B | ||
| Q1 24 | $803.8M | $1.6B |
| Q4 25 | $2.6B | $54.6B | ||
| Q3 25 | $2.5B | $54.2B | ||
| Q2 25 | $2.5B | $50.8B | ||
| Q1 25 | $2.3B | $49.8B | ||
| Q4 24 | $2.4B | $50.1B | ||
| Q3 24 | $2.3B | $50.1B | ||
| Q2 24 | $2.2B | $49.1B | ||
| Q1 24 | $2.1B | $48.6B |
| Q4 25 | $16.0B | $212.7B | ||
| Q3 25 | $15.2B | $204.4B | ||
| Q2 25 | $15.3B | $198.8B | ||
| Q1 25 | $15.0B | $194.3B | ||
| Q4 24 | $14.7B | $190.1B | ||
| Q3 24 | $14.4B | $186.0B | ||
| Q2 24 | $13.6B | $184.7B | ||
| Q1 24 | $13.2B | $179.9B |
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 | $2.5B |
| Free Cash FlowOCF − Capex | $395.9M | — |
| FCF MarginFCF / Revenue | 7.2% | — |
| Capex IntensityCapex / Revenue | 0.7% | — |
| Cash ConversionOCF / Net Profit | — | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $433.8M | $2.5B | ||
| Q3 25 | $328.3M | $4.0B | ||
| Q2 25 | $155.9M | $3.2B | ||
| Q1 25 | $287.2M | $2.8B | ||
| Q4 24 | $345.3M | $2.0B | ||
| Q3 24 | $342.1M | $4.3B | ||
| Q2 24 | $149.9M | $3.9B | ||
| Q1 24 | $440.0M | $3.1B |
| Q4 25 | $395.9M | — | ||
| Q3 25 | $298.5M | — | ||
| Q2 25 | $133.4M | — | ||
| Q1 25 | $260.3M | — | ||
| Q4 24 | $316.7M | — | ||
| Q3 24 | $308.5M | — | ||
| Q2 24 | $119.0M | — | ||
| Q1 24 | $410.5M | — |
| Q4 25 | 7.2% | — | ||
| Q3 25 | 5.2% | — | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 5.0% | — | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 5.6% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 8.4% | — |
| Q4 25 | 0.7% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | 0.6% | — |
| Q4 25 | — | 1.63× | ||
| Q3 25 | 1.13× | 1.65× | ||
| Q2 25 | 0.57× | 1.57× | ||
| Q1 25 | 1.28× | 3.32× | ||
| Q4 24 | — | 1.65× | ||
| Q3 24 | 1.08× | 2.31× | ||
| Q2 24 | 0.53× | 2.42× | ||
| Q1 24 | 2.04× | 1.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CDW
Segment breakdown not available.
NEE
| Florida Power Light Company | $4.3B | 71% |
| Other | $1.7B | 29% |
