CDW Corp (CDW)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,450,000 | 1,450,500 | 1,429,700 | 1,453,500 | 1,487,800 | 1,393,900 | 1,345,500 | 1,339,500 | 1,298,000 | 1,305,700 | 1,205,200 | 1,079,100 | 1,002,000 | 943,000 | 953,800 | 969,900 | 949,700 | 920,300 | 897,800 | 866,400 |
| 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 |
| Pretax margin | 6.86% | 6.73% | 6.46% | 6.41% | 6.33% | 5.90% | 5.92% | 6.16% | 6.28% | 6.49% | 6.15% | 5.74% | 5.46% | 5.26% | 5.28% | 5.29% | 5.30% | 5.27% | 5.31% | 5.26% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,450,000K ÷ $21,149,400K
= 6.86%
CDW Corp's pretax margin has shown relatively stable performance over the past eight quarters. The pretax margin ranged from 5.85% to 6.78% during this period. There was a slight uptrend in the pretax margin from Q1 2022 to Q4 2023, indicating an improvement in the company's ability to generate profit before taxes relative to its revenue. The company was able to maintain a pretax margin above 6% for the last three quarters, which can be seen as a positive sign of operational efficiency and cost management. Overall, CDW Corp's pretax margin appears to be at a healthy level, reflecting consistent profitability in its operations.
Peer comparison
Dec 31, 2023