CDW Corp (CDW)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	4,652,400	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	3,039,900	2,956,200	2,853,300	2,775,100
Revenue (ttm)	US$ in thousands	21,149,400	21,563,100	22,145,100	22,665,300	23,513,000	23,627,600	22,738,300	21,761,100	20,669,900	20,132,600	19,585,200	18,800,300	18,349,700	17,930,400	18,079,600	18,343,000	17,911,300	17,449,200	16,920,400	16,479,900
Gross profit margin		22.00%	21.70%	21.16%	20.61%	19.93%	18.97%	18.31%	17.82%	17.26%	17.25%	17.28%	17.28%	17.49%	17.33%	17.13%	17.03%	16.97%	16.94%	16.86%	16.84%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,652,400K ÷ $21,149,400K
= 22.00%

CDW Corp's gross profit margin has shown a positive trend over the past eight quarters. The margin has steadily increased from 17.68% in Q1 2022 to 21.76% in Q4 2023. This indicates that the company has been able to effectively manage its cost of goods sold and increase its profitability on sales. The consistent improvement in gross profit margin reflects positively on the company's operational efficiency and pricing strategies. Overall, CDW Corp's increasing gross profit margin demonstrates its ability to generate higher profits from its core business activities over time.

Peer comparison

Dec 31, 2023

Company name

Symbol

Gross profit margin

CDW Corp

CDW

22.00%

Amazon.com Inc

AMZN

32.21%

Insight Enterprises Inc