CDW Corp (CDW)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,602,400 | 4,652,400 | 4,686,600 | 3,568,500 | 3,210,100 |
| Revenue | US$ in thousands | 20,998,700 | 21,376,000 | 23,748,700 | 20,820,800 | 18,467,500 |
| Gross profit margin | 21.92% | 21.76% | 19.73% | 17.14% | 17.38% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,602,400K ÷ $20,998,700K
= 21.92%
Over the past five years, CDW Corp has demonstrated a varying trend in its gross profit margin. Starting at 17.38% on December 31, 2020, the gross profit margin decreased slightly to 17.14% on December 31, 2021. However, in the subsequent years, there was a notable improvement, with the margin increasing to 19.73% on December 31, 2022, further improving to 21.76% on December 31, 2023, and reaching 21.92% on December 31, 2024.
The overall trend indicates that CDW Corp has successfully enhanced its gross profit margin over the years, reflecting potentially more efficient cost management, better pricing strategies, or a mix of higher-margin products and services in its revenue streams. This increasing trend in gross profit margin signifies the company's ability to generate more profit from its core operations after accounting for the cost of goods sold.
Peer comparison
Dec 31, 2024