Industry Revenues:

• IT Services: approx. 40%
• Hardware Sales: approx. 35%
• Software Sales: approx. 25%

TOP 3 Markets and their Percentage Shares:

• USA: approx. 75%
• Canada: approx. 15%
• United Kingdom: approx. 10%

CDW Corporation generates the majority of its revenues from IT services, followed by hardware and software sales. The largest market for CDW is the USA, accounting for about three quarters of the total revenue. Canada and the United Kingdom follow as other significant markets, with Canada contributing approximately 15% and the United Kingdom approximately 10% of the revenue. This distribution reflects CDW's strong market presence in North America, while the company is also active in Europe.

Production Sites: Globally distributed, with a focus on North America.

CDW Corporation is primarily a provider of IT solutions and services and not directly a manufacturer of physical products. The company collaborates with a variety of manufacturers to offer IT products and solutions. Therefore, the production of products distributed by CDW mainly takes place at their partners, who are globally distributed, with a strong focus on North America.

CDW operates logistics and distribution centers to support the distribution and sale of these products. The exact geographical distribution of the production sites depends on the respective partners and manufacturers that CDW collaborates with.

Revenue Growth: Estimated at 6-8% annually (based on historical data and market trends until 2023)

CDW Corporation pursues a growth strategy based on several core areas. Firstly, the company focuses on expanding its product and service portfolio, especially in the area of cloud solutions and IT services. This enables CDW to meet the increasing demand for digital transformations in businesses.

Secondly, CDW focuses on strategic acquisitions to strengthen its market presence and integrate new technologies and customer bases. These acquisitions are aimed at complementing the existing offerings and expanding geographical reach.

Another key aspect of the growth strategy is investing in innovative technologies and partnerships with leading technology providers. This is intended to ensure that CDW remains at the forefront of technological developments and can offer its customers the latest solutions.

In summary, CDW aims to achieve sustainable growth through product diversification, strategic acquisitions, and technological innovations.

Main raw materials: Electronic components, IT hardware

Countries of origin: China, Taiwan, South Korea

CDW Corporation mainly imports electronic components and IT hardware that are necessary for its services and products. These materials mainly come from Asian countries such as China, Taiwan, and South Korea, which are leading in the production of electronics and IT components.

These countries not only offer cost-effective production capabilities but also high quality and innovation in electronics manufacturing, making them preferred partners for companies like CDW.

Market share: 5.6% (2024, estimated)
Gross margin: 19.5% (2024)
Customer satisfaction: 87% (2024, survey result)

CDW Corporation has a significant competitive advantage due to its strong market presence in the IT solutions and services sector. The company benefits from a diversified product portfolio and a broad customer base, including both small and medium-sized enterprises as well as large corporations.

Another advantage is the high customer satisfaction rate of 87%. This indicates excellent customer service and reliable products, strengthening customer loyalty. The gross margin of 19.5% shows that CDW is able to sell its products and services with a healthy profit margin, indicating efficient operations.

Furthermore, continuous investment in new technologies and adaptation to market trends help CDW maintain and expand its competitive position. The market share of 5.6% indicates that the company plays a significant role in the IT market, despite operating in a highly fragmented and competitive environment.

Institutional Investor Share: 92% (estimated, based on historical data from 2023)

Insider Buys/Sells: No significant changes reported (2025, estimated)

The institutional investor share in CDW Corporation is traditionally high, indicating the trust of large investment funds and institutional investors in the company's stability and growth potential.

Regarding insider buys and sells, there have been no significant transactions in recent years that would indicate a change in management's confidence in the company's development. This suggests a stable internal assessment of the company's situation.

Market share of CDW Corporation: Estimate 5% (2025)

Top competitors and their market shares:

1. Dell Technologies: Estimate 15% (2025)
2. Hewlett Packard Enterprise (HPE): Estimate 12% (2025)
3. IBM: Estimate 10% (2025)
4. Cisco Systems: Estimate 8% (2025)
5. Lenovo: Estimate 7% (2025)
6. CDW Corporation: Estimate 5% (2025)
7. Arrow Electronics: Estimate 4% (2025)
8. Insight Enterprises: Estimate 3% (2025)
9. Tech Data: Estimate 3% (2025)
10. Synnex Corporation: Estimate 3% (2025)

Moat of CDW Corporation:

CDW Corporation has a moderate moat, mainly based on its strong customer relationships, extensive product range, and comprehensive services. The company benefits from an established distribution infrastructure and a broad network of suppliers and partners, enabling it to offer customized IT solutions.

Compared to larger competitors like Dell and HPE, which have greater resources and a stronger global presence, CDW's moat is less pronounced. These companies often have a technological advantage and broader product development capabilities, giving them a stronger moat.

Nevertheless, CDW remains competitive in the mid-market and enterprise segments due to its specialized customer service and flexibility. The ability to quickly adapt to market changes and offer tailored solutions is a significant advantage, even though the moat is smaller compared to the largest competitors.

Revenue Growth: 7.5% (2024) Profit Growth: 6.8% (2024) Market Share in the IT Services Sector: 5.2% (2024)

CDW Corporation achieved solid revenue growth of 7.5% in 2024, driven by strong demand for IT services and products. The company has strengthened its market position through strategic acquisitions and expanding its product offerings.

The 6.8% profit growth demonstrates CDW's ability to effectively manage costs while remaining profitable. This is a positive sign for potential investors as it indicates sustainable business development.

CDW holds a significant market share of 5.2% in the IT services sector, highlighting its competitiveness and market presence. Continued investment in new technologies and services could further increase growth potential.

Overall, CDW Corporation's financial performance and market position suggest that the stock presents an attractive investment opportunity, especially for investors interested in long-term growth in the IT sector.

Dividend Yield: 1.3% (estimated for 2025)
Dividend Growth: 10% annually (last 5 years)

CDW Corporation regularly pays out a dividend. The current dividend yield is approximately 1.3%. Over the past five years, the company has increased its dividend by an average of 10% annually, indicating a reliable and growing payout policy.

The stability of dividend payments is supported by the company's solid financial performance and continuous cash flow. CDW has a strong market position in the IT services sector, which contributes to the reliability of dividend payments.