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Side-by-side financial comparison of CDW Corporation (CDW) and PBF Energy Inc. (PBF). Click either name above to swap in a different company.
PBF Energy Inc. is the larger business by last-quarter revenue ($7.1B vs $5.5B, roughly 1.3× CDW Corporation). On growth, CDW Corporation posted the faster year-over-year revenue change (6.3% vs -2.9%). CDW Corporation produced more free cash flow last quarter ($395.9M vs $77.0M). Over the past eight quarters, CDW Corporation's revenue compounded faster (6.3% CAGR vs -9.1%).
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.
PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...
CDW vs PBF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.5B | $7.1B |
| Net Profit | — | $78.4M |
| Gross Margin | 22.8% | -1.8% |
| Operating Margin | 7.8% | 1.8% |
| Net Margin | — | 1.1% |
| Revenue YoY | 6.3% | -2.9% |
| Net Profit YoY | — | 127.1% |
| 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 | $7.1B | ||
| Q3 25 | $5.7B | $7.7B | ||
| Q2 25 | $6.0B | $7.5B | ||
| Q1 25 | $5.2B | $7.1B | ||
| Q4 24 | $5.2B | $7.4B | ||
| Q3 24 | $5.5B | $8.4B | ||
| Q2 24 | $5.4B | $8.7B | ||
| Q1 24 | $4.9B | $8.6B |
| Q4 25 | — | $78.4M | ||
| Q3 25 | $291.0M | $170.1M | ||
| Q2 25 | $271.2M | $-5.2M | ||
| Q1 25 | $224.9M | $-401.8M | ||
| Q4 24 | — | $-289.3M | ||
| Q3 24 | $316.4M | $-285.9M | ||
| Q2 24 | $281.1M | $-65.2M | ||
| Q1 24 | $216.1M | $106.6M |
| Q4 25 | 22.8% | -1.8% | ||
| Q3 25 | 21.9% | 0.5% | ||
| Q2 25 | 20.8% | -0.8% | ||
| Q1 25 | 21.6% | -5.9% | ||
| Q4 24 | 22.3% | -4.2% | ||
| Q3 24 | 21.8% | -3.4% | ||
| Q2 24 | 21.8% | 0.1% | ||
| Q1 24 | 21.8% | 2.5% |
| Q4 25 | 7.8% | 1.8% | ||
| Q3 25 | 7.7% | 3.7% | ||
| Q2 25 | 7.0% | 0.6% | ||
| Q1 25 | 7.0% | -7.2% | ||
| Q4 24 | 7.9% | -5.2% | ||
| Q3 24 | 8.7% | -4.6% | ||
| Q2 24 | 8.0% | -0.9% | ||
| Q1 24 | 6.7% | 1.7% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | 5.1% | 2.2% | ||
| Q2 25 | 4.5% | -0.1% | ||
| Q1 25 | 4.3% | -5.7% | ||
| Q4 24 | — | -3.9% | ||
| Q3 24 | 5.7% | -3.4% | ||
| Q2 24 | 5.2% | -0.7% | ||
| Q1 24 | 4.4% | 1.2% |
| Q4 25 | $2.13 | $0.74 | ||
| Q3 25 | $2.21 | $1.45 | ||
| Q2 25 | $2.05 | $-0.05 | ||
| Q1 25 | $1.69 | $-3.53 | ||
| Q4 24 | $1.97 | $-2.41 | ||
| Q3 24 | $2.34 | $-2.49 | ||
| Q2 24 | $2.07 | $-0.56 | ||
| Q1 24 | $1.59 | $0.86 |
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 | $527.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $5.3B |
| Total Assets | $16.0B | $13.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $618.7M | $527.9M | ||
| Q3 25 | $452.9M | $482.0M | ||
| Q2 25 | $481.0M | $590.7M | ||
| Q1 25 | $688.1M | $468.6M | ||
| Q4 24 | $717.7M | $536.1M | ||
| Q3 24 | $1.2B | $976.7M | ||
| Q2 24 | $665.3M | $1.4B | ||
| Q1 24 | $803.8M | $1.4B |
| Q4 25 | $2.6B | $5.3B | ||
| Q3 25 | $2.5B | $5.2B | ||
| Q2 25 | $2.5B | $5.1B | ||
| Q1 25 | $2.3B | $5.1B | ||
| Q4 24 | $2.4B | $5.5B | ||
| Q3 24 | $2.3B | $5.9B | ||
| Q2 24 | $2.2B | $6.3B | ||
| Q1 24 | $2.1B | $6.5B |
| Q4 25 | $16.0B | $13.0B | ||
| Q3 25 | $15.2B | $13.0B | ||
| Q2 25 | $15.3B | $13.0B | ||
| Q1 25 | $15.0B | $13.0B | ||
| Q4 24 | $14.7B | $12.7B | ||
| Q3 24 | $14.4B | $13.1B | ||
| Q2 24 | $13.6B | $14.1B | ||
| Q1 24 | $13.2B | $13.8B |
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 | $366.6M |
| Free Cash FlowOCF − Capex | $395.9M | $77.0M |
| FCF MarginFCF / Revenue | 7.2% | 1.1% |
| Capex IntensityCapex / Revenue | 0.7% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 4.68× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $-783.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $433.8M | $366.6M | ||
| Q3 25 | $328.3M | $25.7M | ||
| Q2 25 | $155.9M | $191.1M | ||
| Q1 25 | $287.2M | $-661.4M | ||
| Q4 24 | $345.3M | $-329.7M | ||
| Q3 24 | $342.1M | $-68.0M | ||
| Q2 24 | $149.9M | $425.3M | ||
| Q1 24 | $440.0M | $15.8M |
| Q4 25 | $395.9M | $77.0M | ||
| Q3 25 | $298.5M | $-122.8M | ||
| Q2 25 | $133.4M | $35.0M | ||
| Q1 25 | $260.3M | $-772.4M | ||
| Q4 24 | $316.7M | $-425.7M | ||
| Q3 24 | $308.5M | $-169.8M | ||
| Q2 24 | $119.0M | $371.8M | ||
| Q1 24 | $410.5M | $-123.8M |
| Q4 25 | 7.2% | 1.1% | ||
| Q3 25 | 5.2% | -1.6% | ||
| Q2 25 | 2.2% | 0.5% | ||
| Q1 25 | 5.0% | -10.9% | ||
| Q4 24 | 6.1% | -5.8% | ||
| Q3 24 | 5.6% | -2.0% | ||
| Q2 24 | 2.2% | 4.3% | ||
| Q1 24 | 8.4% | -1.4% |
| Q4 25 | 0.7% | 4.1% | ||
| Q3 25 | 0.5% | 1.9% | ||
| Q2 25 | 0.4% | 2.1% | ||
| Q1 25 | 0.5% | 1.6% | ||
| Q4 24 | 0.6% | 1.3% | ||
| Q3 24 | 0.6% | 1.2% | ||
| Q2 24 | 0.6% | 0.6% | ||
| Q1 24 | 0.6% | 1.6% |
| Q4 25 | — | 4.68× | ||
| Q3 25 | 1.13× | 0.15× | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 1.28× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.08× | — | ||
| Q2 24 | 0.53× | — | ||
| Q1 24 | 2.04× | 0.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CDW
Segment breakdown not available.
PBF
| Gasoline And Distillate | $6.4B | 89% |
| Asphaltand Residual Oil | $283.6M | 4% |
| Other | $149.4M | 2% |
| Chemicals | $145.1M | 2% |
| Logistics Group | $93.5M | 1% |
| Lubricants | $81.9M | 1% |
