Flagship explainer

What drives CDW CORP’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity43%Tax burden75%net income ÷ pretax incomeInterest burden86%pretax ÷ operating incomeOperating margin7%operating income ÷ revenueAsset turnover1.46×revenue ÷ average assetsEquity multiplier6.19×average assets ÷ average equityAs of 2025-12-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$1.1BFY2025
Income before tax$1.4BFY2025
Operating income$1.7BFY2025
$22.4BFY2025
Ending assets$16.0BFY2025
Beginning assets$14.7BFY2024
$2.6BFY2025
$2.4BFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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