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

CDW brought in $22.4B of revenue in fiscal 2025, Wayfair $12.5B in fiscal 2025. Revenue changed by +6.8% at CDW and +5.1% at Wayfair on the year before, so CDW grew faster. CDW kept 4.8% of its revenue as net profit, Wayfair -2.5%. Free cash flow was $1.1B at CDW and $464M at Wayfair.

Side by side, latest fiscal year

CDWW
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$22.4B$12.5B
Revenue growth+6.8%+5.1%
Net income$1.1B-$313M
Net margin4.8%-2.5%
Free cash flow$1.1B$464M
Free cash flow margin4.9%3.7%
Earnings per share (diluted)$8.08-$2.44
Cash$618.7M$1.5B
Debt$5.6B$3.3B
Price to earnings16.8n/a
Market value$16.9B$13.4B
Dividend yield1.85%n/a
Rank by revenue in sector#54 of 778 · Consumer discretionary#103 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: $22.4BW FY2018: $6.8BW FY2019: $9.1BW FY2020: $14.1BW FY2021: $13.7BW FY2022: $12.2BW FY2023: $12BW FY2024: $11.9BW FY2025: $12.5BFY18FY19FY20FY21FY22FY23FY24FY25
CDW $22.4BW $12.5B
Net income
CDW FY2018: $643MCDW FY2019: $736.8MCDW FY2020: $788.5MCDW FY2021: $988.6MCDW FY2022: $1.1BCDW FY2023: $1.1BCDW FY2024: $1.1BCDW FY2025: $1.1BW FY2018: -$504.1MW FY2019: -$985MW FY2020: $185MW FY2021: -$131MW FY2022: -$1.3BW FY2023: -$738MW FY2024: -$492MW FY2025: -$313MFY18FY19FY20FY21FY22FY23FY24FY25
CDW $1.1BW -$313M
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%W FY2018: -7.4%W FY2019: -10.8%W FY2020: 1.3%W FY2021: -1.0%W FY2022: -10.9%W FY2023: -6.1%W FY2024: -4.2%W FY2025: -2.5%FY18FY19FY20FY21FY22FY23FY24FY25
CDW 4.8%W -2.5%
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%W FY2019: +34.6%W FY2020: +55.0%W FY2021: -3.1%W FY2022: -10.9%W FY2023: -1.8%W FY2024: -1.3%W FY2025: +5.1%FY19FY20FY21FY22FY23FY24FY25
CDW +6.8%W +5.1%
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: $1.1BW FY2018: -$74.3MW FY2019: -$469MW FY2020: $1.2BW FY2021: $309MW FY2022: -$860MW FY2023: $201MW FY2024: $244MW FY2025: $464MFY18FY19FY20FY21FY22FY23FY24FY25
CDW $1.1BW $464M

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

Questions about CDW and Wayfair

Which is bigger by revenue, CDW or Wayfair?

CDW is bigger by revenue: $22.4B in fiscal 2025, against $12.5B for Wayfair in fiscal 2025.

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

CDW had a net margin of 4.8% in fiscal 2025; Wayfair had -2.5% in fiscal 2025.

Which grew revenue faster, CDW or Wayfair?

In their latest fiscal years revenue changed by +6.8% at CDW and +5.1% at Wayfair.

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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