CDW Corp (CDW)

Pretax margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Earnings before tax but after interest (EBT) US$ in thousands 1,450,200 1,487,800 1,297,800 1,002,300 949,700
Revenue US$ in thousands 21,149,400 23,513,000 20,669,900 18,312,600 17,873,000
Pretax margin 6.86% 6.33% 6.28% 5.47% 5.31%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $1,450,200K ÷ $21,149,400K
= 6.86%

The pretax margin of CDW Corp has shown a consistent upward trend over the past five years. From 2019 to 2023, the pretax margin has improved from 5.27% to 6.78%, indicating an increasing level of profitability before taxes relative to total revenue. This trend suggests that the company has been effectively managing its operating expenses and generating more income from its core operations over the years. The steady improvement in pretax margin reflects the company's ability to maintain efficient cost controls and optimize its revenue streams. Overall, the rising pretax margin demonstrates CDW Corp's strengthening profitability and operational efficiency during the period under review.


Peer comparison

Dec 31, 2023