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Side-by-side financial comparison of CDW Corporation (CDW) and TELUS CORP (TU). Click either name above to swap in a different company.
CDW Corporation is the larger business by last-quarter revenue ($5.5B vs $3.7B, roughly 1.5× TELUS CORP). On growth, CDW Corporation posted the faster year-over-year revenue change (6.3% vs 2.2%).
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.
TELUS CORPTUEarnings & Financial Report
Telus Corporation is a Canadian publicly traded holding company and conglomerate, headquartered in Vancouver, British Columbia, which is the parent company of several subsidiaries: Telus Communications offers telephony, television, data and Internet services; Telus Mobility offers wireless services; Telus Health operates companies that provide health products and services; and Telus Digital operates worldwide, providing multilingual customer service outsourcing and digital IT services. Telus ...
CDW vs TU — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.5B | $3.7B |
| Net Profit | — | $-178.8M |
| Gross Margin | 22.8% | 90.2% |
| Operating Margin | 7.8% | 3.4% |
| Net Margin | — | -4.8% |
| Revenue YoY | 6.3% | 2.2% |
| Net Profit YoY | — | -210.9% |
| EPS (diluted) | $2.13 | — |
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 | — | ||
| Q3 25 | $5.7B | — | ||
| Q2 25 | $6.0B | $3.7B | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $5.2B | — | ||
| Q3 24 | $5.5B | — | ||
| Q2 24 | $5.4B | $3.6B | ||
| Q1 24 | $4.9B | — |
| Q4 25 | — | — | ||
| Q3 25 | $291.0M | — | ||
| Q2 25 | $271.2M | $-178.8M | ||
| Q1 25 | $224.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $316.4M | — | ||
| Q2 24 | $281.1M | $161.3M | ||
| Q1 24 | $216.1M | — |
| Q4 25 | 22.8% | — | ||
| Q3 25 | 21.9% | — | ||
| Q2 25 | 20.8% | 90.2% | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 22.3% | — | ||
| Q3 24 | 21.8% | — | ||
| Q2 24 | 21.8% | 87.9% | ||
| Q1 24 | 21.8% | — |
| Q4 25 | 7.8% | — | ||
| Q3 25 | 7.7% | — | ||
| Q2 25 | 7.0% | 3.4% | ||
| Q1 25 | 7.0% | — | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | 8.7% | — | ||
| Q2 24 | 8.0% | 13.7% | ||
| Q1 24 | 6.7% | — |
| Q4 25 | — | — | ||
| Q3 25 | 5.1% | — | ||
| Q2 25 | 4.5% | -4.8% | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.7% | — | ||
| Q2 24 | 5.2% | 4.4% | ||
| Q1 24 | 4.4% | — |
| Q4 25 | $2.13 | — | ||
| Q3 25 | $2.21 | — | ||
| Q2 25 | $2.05 | — | ||
| Q1 25 | $1.69 | — | ||
| Q4 24 | $1.97 | — | ||
| Q3 24 | $2.34 | — | ||
| Q2 24 | $2.07 | — | ||
| Q1 24 | $1.59 | — |
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 | $2.7B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $11.8B |
| Total Assets | $16.0B | $44.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $618.7M | — | ||
| Q3 25 | $452.9M | — | ||
| Q2 25 | $481.0M | $2.7B | ||
| Q1 25 | $688.1M | — | ||
| Q4 24 | $717.7M | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $665.3M | $676.7M | ||
| Q1 24 | $803.8M | — |
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.5B | — | ||
| Q2 25 | $2.5B | $11.8B | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.2B | $12.4B | ||
| Q1 24 | $2.1B | — |
| Q4 25 | $16.0B | — | ||
| Q3 25 | $15.2B | — | ||
| Q2 25 | $15.3B | $44.3B | ||
| Q1 25 | $15.0B | — | ||
| Q4 24 | $14.7B | — | ||
| Q3 24 | $14.4B | — | ||
| Q2 24 | $13.6B | $41.8B | ||
| Q1 24 | $13.2B | — |
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 | $851.2M |
| 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.
| Q4 25 | $433.8M | — | ||
| Q3 25 | $328.3M | — | ||
| Q2 25 | $155.9M | $851.2M | ||
| Q1 25 | $287.2M | — | ||
| Q4 24 | $345.3M | — | ||
| Q3 24 | $342.1M | — | ||
| Q2 24 | $149.9M | $1.0B | ||
| Q1 24 | $440.0M | — |
| 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 | — | — | ||
| Q3 25 | 1.13× | — | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 1.28× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.08× | — | ||
| Q2 24 | 0.53× | 6.28× | ||
| Q1 24 | 2.04× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
