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Side-by-side financial comparison of CDW Corporation (CDW) and SONIC AUTOMOTIVE INC (SAH). Click either name above to swap in a different company.
CDW Corporation is the larger business by last-quarter revenue ($5.5B vs $3.9B, roughly 1.4× SONIC AUTOMOTIVE INC). On growth, CDW Corporation posted the faster year-over-year revenue change (6.3% vs -0.6%). CDW Corporation produced more free cash flow last quarter ($395.9M vs $-195.6M). Over the past eight quarters, SONIC AUTOMOTIVE INC's revenue compounded faster (7.0% 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.
Sonic Automotive is a Fortune 500 company based in Charlotte, North Carolina, and is the fifth largest automotive retailer in the United States as measured by total revenues. The company was founded by O Bruton Smith and completed its initial public offering on the NYSE in 1997.
CDW vs SAH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.5B | $3.9B |
| Net Profit | — | $46.9M |
| Gross Margin | 22.8% | 15.5% |
| Operating Margin | 7.8% | 3.2% |
| Net Margin | — | 1.2% |
| Revenue YoY | 6.3% | -0.6% |
| Net Profit YoY | — | -20.0% |
| EPS (diluted) | $2.13 | $1.39 |
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.
| Q4 25 | $5.5B | $3.9B | ||
| Q3 25 | $5.7B | $4.0B | ||
| Q2 25 | $6.0B | $3.7B | ||
| Q1 25 | $5.2B | $3.7B | ||
| Q4 24 | $5.2B | $3.9B | ||
| Q3 24 | $5.5B | $3.5B | ||
| Q2 24 | $5.4B | $3.5B | ||
| Q1 24 | $4.9B | $3.4B |
| Q4 25 | — | $46.9M | ||
| Q3 25 | $291.0M | $46.8M | ||
| Q2 25 | $271.2M | $-45.6M | ||
| Q1 25 | $224.9M | $70.6M | ||
| Q4 24 | — | $58.6M | ||
| Q3 24 | $316.4M | $74.2M | ||
| Q2 24 | $281.1M | $41.2M | ||
| Q1 24 | $216.1M | $42.0M |
| Q4 25 | 22.8% | 15.5% | ||
| Q3 25 | 21.9% | 15.5% | ||
| Q2 25 | 20.8% | 16.5% | ||
| Q1 25 | 21.6% | 15.5% | ||
| Q4 24 | 22.3% | 14.7% | ||
| Q3 24 | 21.8% | 15.6% | ||
| Q2 24 | 21.8% | 15.6% | ||
| Q1 24 | 21.8% | 15.8% |
| Q4 25 | 7.8% | 3.2% | ||
| Q3 25 | 7.7% | 3.1% | ||
| Q2 25 | 7.0% | -0.6% | ||
| Q1 25 | 7.0% | 4.0% | ||
| Q4 24 | 7.9% | 3.4% | ||
| Q3 24 | 8.7% | 3.3% | ||
| Q2 24 | 8.0% | 3.1% | ||
| Q1 24 | 6.7% | 3.2% |
| Q4 25 | — | 1.2% | ||
| Q3 25 | 5.1% | 1.2% | ||
| Q2 25 | 4.5% | -1.2% | ||
| Q1 25 | 4.3% | 1.9% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | 5.7% | 2.1% | ||
| Q2 24 | 5.2% | 1.2% | ||
| Q1 24 | 4.4% | 1.2% |
| Q4 25 | $2.13 | $1.39 | ||
| Q3 25 | $2.21 | $1.33 | ||
| Q2 25 | $2.05 | $-1.34 | ||
| Q1 25 | $1.69 | $2.04 | ||
| Q4 24 | $1.97 | $1.67 | ||
| Q3 24 | $2.34 | $2.13 | ||
| Q2 24 | $2.07 | $1.18 | ||
| Q1 24 | $1.59 | $1.20 |
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 | $6.3M |
| Total DebtLower is stronger | — | $1.6B |
| Stockholders' EquityBook value | $2.6B | $1.1B |
| Total Assets | $16.0B | $6.0B |
| Debt / EquityLower = less leverage | — | 1.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $618.7M | $6.3M | ||
| Q3 25 | $452.9M | $89.4M | ||
| Q2 25 | $481.0M | $110.4M | ||
| Q1 25 | $688.1M | $64.6M | ||
| Q4 24 | $717.7M | $44.0M | ||
| Q3 24 | $1.2B | $17.6M | ||
| Q2 24 | $665.3M | $67.2M | ||
| Q1 24 | $803.8M | $15.1M |
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.7B |
| Q4 25 | $2.6B | $1.1B | ||
| Q3 25 | $2.5B | $1.1B | ||
| Q2 25 | $2.5B | $1.0B | ||
| Q1 25 | $2.3B | $1.1B | ||
| Q4 24 | $2.4B | $1.1B | ||
| Q3 24 | $2.3B | $1.0B | ||
| Q2 24 | $2.2B | $944.7M | ||
| Q1 24 | $2.1B | $904.4M |
| Q4 25 | $16.0B | $6.0B | ||
| Q3 25 | $15.2B | $6.0B | ||
| Q2 25 | $15.3B | $5.9B | ||
| Q1 25 | $15.0B | $5.9B | ||
| Q4 24 | $14.7B | $5.9B | ||
| Q3 24 | $14.4B | $5.8B | ||
| Q2 24 | $13.6B | $5.8B | ||
| Q1 24 | $13.2B | $5.4B |
| Q4 25 | — | 1.51× | ||
| Q3 25 | — | 1.39× | ||
| Q2 25 | — | 1.48× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | 1.67× | ||
| Q2 24 | — | 1.81× | ||
| Q1 24 | — | 1.83× |
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 | $66.9M |
| Free Cash FlowOCF − Capex | $395.9M | $-195.6M |
| FCF MarginFCF / Revenue | 7.2% | -5.1% |
| Capex IntensityCapex / Revenue | 0.7% | 6.8% |
| Cash ConversionOCF / Net Profit | — | 1.43× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $192.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $433.8M | $66.9M | ||
| Q3 25 | $328.3M | $167.9M | ||
| Q2 25 | $155.9M | $136.8M | ||
| Q1 25 | $287.2M | $195.8M | ||
| Q4 24 | $345.3M | $87.7M | ||
| Q3 24 | $342.1M | $87.8M | ||
| Q2 24 | $149.9M | $-136.4M | ||
| Q1 24 | $440.0M | $70.1M |
| Q4 25 | $395.9M | $-195.6M | ||
| Q3 25 | $298.5M | $134.4M | ||
| Q2 25 | $133.4M | $102.7M | ||
| Q1 25 | $260.3M | $150.8M | ||
| Q4 24 | $316.7M | $-245.5M | ||
| Q3 24 | $308.5M | $34.5M | ||
| Q2 24 | $119.0M | $-185.2M | ||
| Q1 24 | $410.5M | $26.3M |
| Q4 25 | 7.2% | -5.1% | ||
| Q3 25 | 5.2% | 3.4% | ||
| Q2 25 | 2.2% | 2.8% | ||
| Q1 25 | 5.0% | 4.1% | ||
| Q4 24 | 6.1% | -6.3% | ||
| Q3 24 | 5.6% | 1.0% | ||
| Q2 24 | 2.2% | -5.4% | ||
| Q1 24 | 8.4% | 0.8% |
| Q4 25 | 0.7% | 6.8% | ||
| Q3 25 | 0.5% | 0.8% | ||
| Q2 25 | 0.4% | 0.9% | ||
| Q1 25 | 0.5% | 1.2% | ||
| Q4 24 | 0.6% | 8.6% | ||
| Q3 24 | 0.6% | 1.5% | ||
| Q2 24 | 0.6% | 1.4% | ||
| Q1 24 | 0.6% | 1.3% |
| Q4 25 | — | 1.43× | ||
| Q3 25 | 1.13× | 3.59× | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 1.28× | 2.77× | ||
| Q4 24 | — | 1.50× | ||
| Q3 24 | 1.08× | 1.18× | ||
| Q2 24 | 0.53× | -3.31× | ||
| Q1 24 | 2.04× | 1.67× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CDW
Segment breakdown not available.
SAH
| Retail New Vehicles | $1.9B | 48% |
| Other | $1.2B | 31% |
| Parts Serviceand Collision Repair | $515.2M | 13% |
| Finance Insurance And Other Net | $202.2M | 5% |
| Wholesale Vehicles | $63.9M | 2% |
| Fleet New Vehicles | $24.0M | 1% |
