CDW Corp (CDW)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,680,900 | 1,692,500 | 1,680,500 | 1,703,600 | 1,735,200 | 1,627,900 | 1,547,900 | 1,482,500 | 1,419,000 | 1,411,900 | 1,343,300 | 1,256,800 | 1,179,200 | 1,130,800 | 1,133,600 | 1,150,500 | 1,133,600 | 1,092,700 | 1,046,900 | 1,012,100 |
| 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 |
| Operating profit margin | 7.95% | 7.85% | 7.59% | 7.52% | 7.38% | 6.89% | 6.81% | 6.81% | 6.87% | 7.01% | 6.86% | 6.68% | 6.43% | 6.31% | 6.27% | 6.27% | 6.33% | 6.26% | 6.19% | 6.14% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,680,900K ÷ $21,149,400K
= 7.95%
CDW Corp's operating profit margin has shown a generally positive trend over the past eight quarters. The company's operating profit margin has improved from 6.76% in Q1 2022 to 7.86% in Q4 2023, indicating consistent growth in profitability over this period. This suggests that CDW Corp has been effectively managing its operating expenses relative to its revenue, resulting in a higher percentage of operating profits. The steady increase in operating profit margin demonstrates CDW Corp's operational efficiency and ability to generate profits from its core business activities. Overall, the trend in the operating profit margin reflects positively on the company's financial performance and management of operating costs.
Peer comparison
Dec 31, 2023