CDW Corp (CDW)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,602,400 | 4,639,100 | 4,666,100 | 4,664,500 | 4,690,600 | 4,679,700 | 4,685,200 | 4,671,900 | 4,686,600 | 4,481,100 | 4,162,800 | 3,877,400 | 3,568,500 | 3,473,800 | 3,384,400 | 3,248,800 | 3,210,100 | 3,106,700 | 3,097,700 | 3,124,300 |
| Revenue (ttm) | US$ in thousands | 20,998,700 | 20,831,200 | 20,942,900 | 21,145,600 | 21,376,000 | 21,795,800 | 22,383,000 | 22,902,700 | 23,748,700 | 23,847,300 | 22,931,800 | 21,932,400 | 20,820,800 | 20,240,100 | 19,696,500 | 18,915,800 | 18,467,500 | 18,048,200 | 18,199,500 | 18,463,700 |
| Gross profit margin | 21.92% | 22.27% | 22.28% | 22.06% | 21.94% | 21.47% | 20.93% | 20.40% | 19.73% | 18.79% | 18.15% | 17.68% | 17.14% | 17.16% | 17.18% | 17.18% | 17.38% | 17.21% | 17.02% | 16.92% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,602,400K ÷ $20,998,700K
= 21.92%
CDW Corp's gross profit margin has exhibited a generally increasing trend over the period from March 31, 2020, to December 31, 2024. The margin started at 16.92% in March 2020 and gradually rose to 22.28% by June 30, 2024, before slightly declining to 21.92% by the end of December 2024.
The company experienced notable improvement in its gross profit margin between March 31, 2022, and March 31, 2024, where the margin increased from 17.68% to 22.06%, representing a significant growth in profitability. However, there was a small dip in the margin in the last quarter of 2024.
Overall, the upward trend in CDW Corp's gross profit margin indicates a positive performance in managing its cost of goods sold relative to its revenue, which is a key indicator of the company's operational efficiency and profitability over the analyzed period.
Peer comparison
Dec 31, 2024