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Side-by-side financial comparison of CDW Corporation (CDW) and PG&E Corporation (PCG). Click either name above to swap in a different company.
PG&E Corporation is the larger business by last-quarter revenue ($6.9B vs $5.5B, roughly 1.2× CDW Corporation). On growth, PG&E Corporation posted the faster year-over-year revenue change (15.0% vs 6.3%). Over the past eight quarters, PG&E Corporation's revenue compounded faster (7.2% 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.
Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU). The company is headquartered at Kaiser Center, in Oakland, California. PG&E provides natural gas and electricity to 5.2 million households in the northern two-thirds of California, from Bakersfield and northern Santa Barbara County, almost to the Oregon and Nevada state lines.
CDW vs PCG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.5B | $6.9B |
| Net Profit | — | $885.0M |
| Gross Margin | 22.8% | — |
| Operating Margin | 7.8% | 21.4% |
| Net Margin | — | 12.9% |
| Revenue YoY | 6.3% | 15.0% |
| Net Profit YoY | — | 39.6% |
| EPS (diluted) | $2.13 | $0.39 |
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 | — | $6.9B | ||
| Q4 25 | $5.5B | $6.8B | ||
| Q3 25 | $5.7B | $6.3B | ||
| Q2 25 | $6.0B | $5.9B | ||
| Q1 25 | $5.2B | $6.0B | ||
| Q4 24 | $5.2B | $6.6B | ||
| Q3 24 | $5.5B | $5.9B | ||
| Q2 24 | $5.4B | $6.0B |
| Q1 26 | — | $885.0M | ||
| Q4 25 | — | $670.0M | ||
| Q3 25 | $291.0M | $850.0M | ||
| Q2 25 | $271.2M | $549.0M | ||
| Q1 25 | $224.9M | $634.0M | ||
| Q4 24 | — | $674.0M | ||
| Q3 24 | $316.4M | $579.0M | ||
| Q2 24 | $281.1M | $524.0M |
| Q1 26 | — | — | ||
| 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 26 | — | 21.4% | ||
| Q4 25 | 7.8% | 18.0% | ||
| Q3 25 | 7.7% | 19.3% | ||
| Q2 25 | 7.0% | 18.6% | ||
| Q1 25 | 7.0% | 20.4% | ||
| Q4 24 | 7.9% | 15.4% | ||
| Q3 24 | 8.7% | 17.3% | ||
| Q2 24 | 8.0% | 18.9% |
| Q1 26 | — | 12.9% | ||
| Q4 25 | — | 9.8% | ||
| Q3 25 | 5.1% | 13.6% | ||
| Q2 25 | 4.5% | 9.3% | ||
| Q1 25 | 4.3% | 10.6% | ||
| Q4 24 | — | 10.2% | ||
| Q3 24 | 5.7% | 9.7% | ||
| Q2 24 | 5.2% | 8.8% |
| Q1 26 | — | $0.39 | ||
| Q4 25 | $2.13 | $0.29 | ||
| Q3 25 | $2.21 | $0.37 | ||
| Q2 25 | $2.05 | $0.24 | ||
| Q1 25 | $1.69 | $0.28 | ||
| Q4 24 | $1.97 | $0.30 | ||
| Q3 24 | $2.34 | $0.27 | ||
| Q2 24 | $2.07 | $0.24 |
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 | $713.0M | ||
| Q3 25 | $452.9M | $404.0M | ||
| Q2 25 | $481.0M | $494.0M | ||
| Q1 25 | $688.1M | $2.0B | ||
| Q4 24 | $717.7M | $940.0M | ||
| Q3 24 | $1.2B | $895.0M | ||
| Q2 24 | $665.3M | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | $57.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $53.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $32.5B | ||
| Q3 25 | $2.5B | $32.0B | ||
| Q2 25 | $2.5B | $31.2B | ||
| Q1 25 | $2.3B | $30.7B | ||
| Q4 24 | $2.4B | $30.1B | ||
| Q3 24 | $2.3B | $26.8B | ||
| Q2 24 | $2.2B | $26.3B |
| Q1 26 | — | — | ||
| Q4 25 | $16.0B | $141.6B | ||
| Q3 25 | $15.2B | $138.2B | ||
| Q2 25 | $15.3B | $136.4B | ||
| Q1 25 | $15.0B | $135.4B | ||
| Q4 24 | $14.7B | $133.7B | ||
| Q3 24 | $14.4B | $132.3B | ||
| Q2 24 | $13.6B | $130.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.76× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| FCF MarginFCF / Revenue | 7.2% | — |
| Capex IntensityCapex / Revenue | 0.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $433.8M | $2.0B | ||
| Q3 25 | $328.3M | $2.9B | ||
| Q2 25 | $155.9M | $1.1B | ||
| Q1 25 | $287.2M | $2.8B | ||
| Q4 24 | $345.3M | $1.9B | ||
| Q3 24 | $342.1M | $3.1B | ||
| Q2 24 | $149.9M | $711.0M |
| Q1 26 | — | — | ||
| Q4 25 | $395.9M | $-1.2B | ||
| Q3 25 | $298.5M | $-80.0M | ||
| Q2 25 | $133.4M | $-2.0B | ||
| Q1 25 | $260.3M | $213.0M | ||
| Q4 24 | $316.7M | $-896.0M | ||
| Q3 24 | $308.5M | $526.0M | ||
| Q2 24 | $119.0M | $-1.6B |
| Q1 26 | — | — | ||
| Q4 25 | 7.2% | -17.6% | ||
| Q3 25 | 5.2% | -1.3% | ||
| Q2 25 | 2.2% | -34.0% | ||
| Q1 25 | 5.0% | 3.6% | ||
| Q4 24 | 6.1% | -13.5% | ||
| Q3 24 | 5.6% | 8.9% | ||
| Q2 24 | 2.2% | -26.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 46.4% | ||
| Q3 25 | 0.5% | 46.9% | ||
| Q2 25 | 0.4% | 52.0% | ||
| Q1 25 | 0.5% | 44.0% | ||
| Q4 24 | 0.6% | 42.6% | ||
| Q3 24 | 0.6% | 43.8% | ||
| Q2 24 | 0.6% | 38.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.93× | ||
| Q3 25 | 1.13× | 3.35× | ||
| Q2 25 | 0.57× | 1.93× | ||
| Q1 25 | 1.28× | 4.49× | ||
| Q4 24 | — | 2.87× | ||
| Q3 24 | 1.08× | 5.41× | ||
| Q2 24 | 0.53× | 1.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CDW
Segment breakdown not available.
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
