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CDW vs Dingdong (Cayman): revenue, profit, margins and growth compared

CDW brought in $22.4B of revenue in fiscal 2025, Dingdong (Cayman) $3.5B in fiscal 2025. Revenue changed by +6.8% at CDW and +10.2% at Dingdong (Cayman) on the year before, so Dingdong (Cayman) grew faster. CDW kept 4.8% of its revenue as net profit, Dingdong (Cayman) 1.0%. Free cash flow was $1.1B at CDW and $51.2M at Dingdong (Cayman).

Side by side, latest fiscal year

CDWDDL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$22.4B$3.5B
Revenue growth+6.8%+10.2%
Net income$1.1B$33.1M
Net margin4.8%1.0%
Free cash flow$1.1B$51.2M
Free cash flow margin4.9%1.5%
Earnings per share (diluted)$8.08n/a
Cash$618.7M$158.3M
Debt$5.6Bn/a
Price to earnings16.8n/a
Market value$16.9B$524.4M
Dividend yield1.85%n/a
Rank by revenue in sector#54 of 778 · Consumer discretionary#265 of 778 · Consumer discretionary

Over the years

Revenue
CDW FY2018: $16.2BCDW FY2019: $18BCDW FY2020: $18.5BCDW FY2021: $20.8BCDW FY2022: $23.7BCDW FY2023: $21.4BCDW FY2024: $21BCDW FY2025: $22.4BDDL FY2021: $3.2BDDL FY2022: $3.5BDDL FY2023: $2.8BDDL FY2024: $3.2BDDL FY2025: $3.5BFY18FY19FY20FY21FY22FY23FY24FY25
CDW $22.4BDDL $3.5B
Net income
CDW FY2018: $643MCDW FY2019: $736.8MCDW FY2020: $788.5MCDW FY2021: $988.6MCDW FY2022: $1.1BCDW FY2023: $1.1BCDW FY2024: $1.1BCDW FY2025: $1.1BDDL FY2021: -$1BDDL FY2022: -$117MDDL FY2023: -$12.9MDDL FY2024: $41.7MDDL FY2025: $33.1MFY18FY19FY20FY21FY22FY23FY24FY25
CDW $1.1BDDL $33.1M
Net margin
CDW FY2018: 4.0%CDW FY2019: 4.1%CDW FY2020: 4.3%CDW FY2021: 4.7%CDW FY2022: 4.7%CDW FY2023: 5.2%CDW FY2024: 5.1%CDW FY2025: 4.8%DDL FY2021: -32.0%DDL FY2022: -3.3%DDL FY2023: -0.5%DDL FY2024: 1.3%DDL FY2025: 1.0%FY18FY19FY20FY21FY22FY23FY24FY25
CDW 4.8%DDL 1.0%
Revenue growth
CDW FY2019: +11.0%CDW FY2020: +2.4%CDW FY2021: +12.7%CDW FY2022: +14.1%CDW FY2023: -10.0%CDW FY2024: -1.8%CDW FY2025: +6.8%DDL FY2022: +11.2%DDL FY2023: -19.9%DDL FY2024: +12.3%DDL FY2025: +10.2%FY19FY20FY21FY22FY23FY24FY25
CDW +6.8%DDL +10.2%
Free cash flow
CDW FY2018: $819.8MCDW FY2019: $790.9MCDW FY2020: $1.2BCDW FY2021: $684.6MCDW FY2022: $1.2BCDW FY2023: $1.5BCDW FY2024: $1.2BCDW FY2025: $1.1BDDL FY2021: -$960.1MDDL FY2022: -$5.7MDDL FY2023: -$44.8MDDL FY2024: $113.8MDDL FY2025: $51.2MFY18FY19FY20FY21FY22FY23FY24FY25
CDW $1.1BDDL $51.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about CDW and Dingdong (Cayman)

Which is bigger by revenue, CDW or Dingdong (Cayman)?

CDW is bigger by revenue: $22.4B in fiscal 2025, against $3.5B for Dingdong (Cayman) in fiscal 2025.

Which keeps more of its revenue as profit, CDW or Dingdong (Cayman)?

CDW had a net margin of 4.8% in fiscal 2025; Dingdong (Cayman) had 1.0% in fiscal 2025.

Which grew revenue faster, CDW or Dingdong (Cayman)?

In their latest fiscal years revenue changed by +6.8% at CDW and +10.2% at Dingdong (Cayman).

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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