CDW Corp (CDW)
Net profit margin
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Net income | US$ in thousands | 1,104,300 | 1,114,500 | 988,600 | 788,500 | 736,800 |
Revenue | US$ in thousands | 21,149,400 | 23,513,000 | 20,669,900 | 18,312,600 | 17,873,000 |
Net profit margin | 5.22% | 4.74% | 4.78% | 4.31% | 4.12% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,104,300K ÷ $21,149,400K
= 5.22%
The net profit margin of CDW Corp has shown a generally positive trend over the past five years, increasing from 4.09% in 2019 to 5.17% in 2023. This indicates that the company has been able to improve its profitability in terms of generating net income for each dollar of revenue earned. The consistent improvement in the net profit margin suggests effective cost management, pricing strategies, and operational efficiency within the company. Overall, the increasing trend in net profit margin reflects positively on CDW Corp's financial performance and ability to generate profits.
Peer comparison
Dec 31, 2023
Company name
Symbol
Net profit margin
CDW Corp
CDW
5.22%
Amazon.com Inc
AMZN
5.32%
Insight Enterprises Inc
NSIT
3.08%
PC Connection Inc
CNXN
2.92%