Invesaro

Stocks Comparison

CDW vs Qvc: revenue, profit, margins and growth compared

CDW brought in $22.4B of revenue in fiscal 2025, Qvc $8.3B in fiscal 2025. Revenue changed by +6.8% at CDW and -7.8% at Qvc on the year before, so CDW grew faster. CDW kept 4.8% of its revenue as net profit, Qvc -26.1%. Free cash flow was $1.1B at CDW and $287M at Qvc.

Side by side, latest fiscal year

CDWQVCCQ
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$22.4B$8.3B
Revenue growth+6.8%-7.8%
Net income$1.1B-$2.2B
Net margin4.8%-26.1%
Free cash flow$1.1B$287M
Free cash flow margin4.9%3.5%
Earnings per share (diluted)$8.08n/a
Cash$618.7M$1.5B
Debt$5.6B$5B
Price to earnings16.1n/a
Market value$16.3B$12
Dividend yield1.92%n/a
Rank by revenue in sector#58 of 1065 · Consumer discretionary#143 of 1065 · 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: $22.4BQVCCQ FY2018: $11.3BQVCCQ FY2019: $11BQVCCQ FY2020: $11.5BQVCCQ FY2021: $11.4BQVCCQ FY2022: $9.9BQVCCQ FY2023: $9.4BQVCCQ FY2024: $9BQVCCQ FY2025: $8.3BFY18FY19FY20FY21FY22FY23FY24FY25
CDW $22.4BQVCCQ $8.3B
Net income
CDW FY2018: $643MCDW FY2019: $736.8MCDW FY2020: $788.5MCDW FY2021: $988.6MCDW FY2022: $1.1BCDW FY2023: $1.1BCDW FY2024: $1.1BCDW FY2025: $1.1BQVCCQ FY2018: $882MQVCCQ FY2019: $767MQVCCQ FY2020: $844MQVCCQ FY2021: $787MQVCCQ FY2022: -$1.9BQVCCQ FY2023: $159MQVCCQ FY2024: -$1.1BQVCCQ FY2025: -$2.2BFY18FY19FY20FY21FY22FY23FY24FY25
CDW $1.1BQVCCQ -$2.2B
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%QVCCQ FY2018: 7.8%QVCCQ FY2019: 7.0%QVCCQ FY2020: 7.4%QVCCQ FY2021: 6.9%QVCCQ FY2022: -18.9%QVCCQ FY2023: 1.7%QVCCQ FY2024: -11.9%QVCCQ FY2025: -26.1%FY18FY19FY20FY21FY22FY23FY24FY25
CDW 4.8%QVCCQ -26.1%
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%QVCCQ FY2019: -2.6%QVCCQ FY2020: +4.4%QVCCQ FY2021: -1.0%QVCCQ FY2022: -12.9%QVCCQ FY2023: -4.4%QVCCQ FY2024: -4.8%QVCCQ FY2025: -7.8%FY19FY20FY21FY22FY23FY24FY25
CDW +6.8%QVCCQ -7.8%
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: $1.1BQVCCQ FY2019: $1BQVCCQ FY2020: $2BQVCCQ FY2021: $959MQVCCQ FY2022: $193MQVCCQ FY2023: $912MQVCCQ FY2024: $362MQVCCQ FY2025: $287MFY18FY19FY20FY21FY22FY23FY24FY25
CDW $1.1BQVCCQ $287M

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

Questions about CDW and Qvc

Which is bigger by revenue, CDW or Qvc?

CDW is bigger by revenue: $22.4B in fiscal 2025, against $8.3B for Qvc in fiscal 2025.

Which keeps more of its revenue as profit, CDW or Qvc?

CDW had a net margin of 4.8% in fiscal 2025; Qvc had -26.1% in fiscal 2025.

Which grew revenue faster, CDW or Qvc?

In their latest fiscal years revenue changed by +6.8% at CDW and -7.8% at Qvc.

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.

More comparisons

Compare more companies