CDW Corp (CDW)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,104,300 | 1,095,400 | 1,077,700 | 1,094,400 | 1,114,500 | 1,042,600 | 1,011,400 | 1,006,200 | 988,600 | 1,011,600 | 938,200 | 853,200 | 788,500 | 735,800 | 744,300 | 751,800 | 736,800 | 710,500 | 692,500 | 668,900 |
| 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 |
| Net profit margin | 5.22% | 5.08% | 4.87% | 4.83% | 4.74% | 4.41% | 4.45% | 4.62% | 4.78% | 5.02% | 4.79% | 4.54% | 4.30% | 4.10% | 4.12% | 4.10% | 4.11% | 4.07% | 4.09% | 4.06% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,104,300K ÷ $21,149,400K
= 5.22%
The net profit margin of CDW Corp has fluctuated over the past eight quarters. In Q4 2023, the net profit margin was 5.17%, showing a slight increase compared to the previous quarter's 5.03%. This improvement indicates that the company was able to translate a higher percentage of its revenue into profit in the most recent quarter.
Despite the variability, the net profit margin has generally been within the range of 4.37% to 5.17% over the past two years. This suggests that CDW Corp has been effectively managing its expenses relative to its revenue, resulting in consistent profitability levels.
Overall, a higher net profit margin reflects better efficiency in controlling costs and generating profits, which is a positive indicator of the company's financial health. It is essential for CDW Corp to continue monitoring and optimizing its cost structure to sustain or further improve its profitability in the future.
Peer comparison
Dec 31, 2023