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Side-by-side financial comparison of CDW Corporation (CDW) and V F CORP (VFC). Click either name above to swap in a different company.
CDW Corporation is the larger business by last-quarter revenue ($5.5B vs $2.9B, roughly 1.9× V F CORP). On growth, CDW Corporation posted the faster year-over-year revenue change (6.3% vs 1.5%). V F CORP produced more free cash flow last quarter ($977.9M vs $395.9M). Over the past eight quarters, V F CORP's revenue compounded faster (10.1% 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.
The F. W. Woolworth Company was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores worldwide follow today.
CDW vs VFC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.5B | $2.9B |
| Net Profit | — | $300.8M |
| Gross Margin | 22.8% | 56.6% |
| Operating Margin | 7.8% | 10.1% |
| Net Margin | — | 10.5% |
| Revenue YoY | 6.3% | 1.5% |
| Net Profit YoY | — | 79.3% |
| EPS (diluted) | $2.13 | $0.76 |
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 | $2.9B | ||
| Q3 25 | $5.7B | $2.8B | ||
| Q2 25 | $6.0B | $1.8B | ||
| Q1 25 | $5.2B | $2.0B | ||
| Q4 24 | $5.2B | $2.8B | ||
| Q3 24 | $5.5B | $2.8B | ||
| Q2 24 | $5.4B | $1.9B | ||
| Q1 24 | $4.9B | $2.4B |
| Q4 25 | — | $300.8M | ||
| Q3 25 | $291.0M | $189.8M | ||
| Q2 25 | $271.2M | $-116.4M | ||
| Q1 25 | $224.9M | $-150.8M | ||
| Q4 24 | — | $167.8M | ||
| Q3 24 | $316.4M | $52.2M | ||
| Q2 24 | $281.1M | $-258.9M | ||
| Q1 24 | $216.1M | $-418.3M |
| Q4 25 | 22.8% | 56.6% | ||
| Q3 25 | 21.9% | 52.2% | ||
| Q2 25 | 20.8% | 53.9% | ||
| Q1 25 | 21.6% | 52.7% | ||
| Q4 24 | 22.3% | 56.3% | ||
| Q3 24 | 21.8% | 52.2% | ||
| Q2 24 | 21.8% | 52.0% | ||
| Q1 24 | 21.8% | 48.4% |
| Q4 25 | 7.8% | 10.1% | ||
| Q3 25 | 7.7% | 11.2% | ||
| Q2 25 | 7.0% | -4.9% | ||
| Q1 25 | 7.0% | 2.2% | ||
| Q4 24 | 7.9% | 8.0% | ||
| Q3 24 | 8.7% | 9.9% | ||
| Q2 24 | 8.0% | -12.6% | ||
| Q1 24 | 6.7% | -15.0% |
| Q4 25 | — | 10.5% | ||
| Q3 25 | 5.1% | 6.8% | ||
| Q2 25 | 4.5% | -6.6% | ||
| Q1 25 | 4.3% | -7.5% | ||
| Q4 24 | — | 5.9% | ||
| Q3 24 | 5.7% | 1.9% | ||
| Q2 24 | 5.2% | -13.6% | ||
| Q1 24 | 4.4% | -17.6% |
| Q4 25 | $2.13 | $0.76 | ||
| Q3 25 | $2.21 | $0.48 | ||
| Q2 25 | $2.05 | $-0.30 | ||
| Q1 25 | $1.69 | $-0.37 | ||
| Q4 24 | $1.97 | $0.43 | ||
| Q3 24 | $2.34 | $0.13 | ||
| Q2 24 | $2.07 | $-0.67 | ||
| Q1 24 | $1.59 | $-1.07 |
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 | $1.5B |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $2.6B | $1.8B |
| Total Assets | $16.0B | $10.4B |
| Debt / EquityLower = less leverage | — | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $618.7M | $1.5B | ||
| Q3 25 | $452.9M | $419.1M | ||
| Q2 25 | $481.0M | $642.4M | ||
| Q1 25 | $688.1M | $429.4M | ||
| Q4 24 | $717.7M | $1.4B | ||
| Q3 24 | $1.2B | $492.2M | ||
| Q2 24 | $665.3M | $637.4M | ||
| Q1 24 | $803.8M | $674.6M |
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $4.7B |
| Q4 25 | $2.6B | $1.8B | ||
| Q3 25 | $2.5B | $1.5B | ||
| Q2 25 | $2.5B | $1.3B | ||
| Q1 25 | $2.3B | $1.5B | ||
| Q4 24 | $2.4B | $1.7B | ||
| Q3 24 | $2.3B | $1.4B | ||
| Q2 24 | $2.2B | $1.4B | ||
| Q1 24 | $2.1B | $1.7B |
| Q4 25 | $16.0B | $10.4B | ||
| Q3 25 | $15.2B | $10.6B | ||
| Q2 25 | $15.3B | $10.2B | ||
| Q1 25 | $15.0B | $9.4B | ||
| Q4 24 | $14.7B | $10.6B | ||
| Q3 24 | $14.4B | $12.2B | ||
| Q2 24 | $13.6B | $11.5B | ||
| Q1 24 | $13.2B | $11.6B |
| Q4 25 | — | 1.99× | ||
| Q3 25 | — | 2.40× | ||
| Q2 25 | — | 2.76× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 2.86× | ||
| Q2 24 | — | 2.84× | ||
| Q1 24 | — | 2.84× |
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 | $1.0B |
| Free Cash FlowOCF − Capex | $395.9M | $977.9M |
| FCF MarginFCF / Revenue | 7.2% | 34.0% |
| Capex IntensityCapex / Revenue | 0.7% | 1.1% |
| Cash ConversionOCF / Net Profit | — | 3.36× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $357.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $433.8M | $1.0B | ||
| Q3 25 | $328.3M | $-227.0M | ||
| Q2 25 | $155.9M | $-145.5M | ||
| Q1 25 | $287.2M | $-171.1M | ||
| Q4 24 | $345.3M | $918.1M | ||
| Q3 24 | $342.1M | $-301.6M | ||
| Q2 24 | $149.9M | $19.8M | ||
| Q1 24 | $440.0M | — |
| Q4 25 | $395.9M | $977.9M | ||
| Q3 25 | $298.5M | $-253.5M | ||
| Q2 25 | $133.4M | $-173.7M | ||
| Q1 25 | $260.3M | $-193.0M | ||
| Q4 24 | $316.7M | $899.7M | ||
| Q3 24 | $308.5M | $-322.4M | ||
| Q2 24 | $119.0M | $-5.4M | ||
| Q1 24 | $410.5M | — |
| Q4 25 | 7.2% | 34.0% | ||
| Q3 25 | 5.2% | -9.0% | ||
| Q2 25 | 2.2% | -9.9% | ||
| Q1 25 | 5.0% | -9.6% | ||
| Q4 24 | 6.1% | 31.7% | ||
| Q3 24 | 5.6% | -11.7% | ||
| Q2 24 | 2.2% | -0.3% | ||
| Q1 24 | 8.4% | — |
| Q4 25 | 0.7% | 1.1% | ||
| Q3 25 | 0.5% | 0.9% | ||
| Q2 25 | 0.4% | 1.6% | ||
| Q1 25 | 0.5% | 1.1% | ||
| Q4 24 | 0.6% | 0.6% | ||
| Q3 24 | 0.6% | 0.8% | ||
| Q2 24 | 0.6% | 1.3% | ||
| Q1 24 | 0.6% | — |
| Q4 25 | — | 3.36× | ||
| Q3 25 | 1.13× | -1.20× | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 1.28× | — | ||
| Q4 24 | — | 5.47× | ||
| Q3 24 | 1.08× | -5.78× | ||
| Q2 24 | 0.53× | — | ||
| Q1 24 | 2.04× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CDW
Segment breakdown not available.
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
