Flagship explainer

How CDW CORP makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$22.4B · 100%Cost of revenue$17.6B · 78%Gross profit$4.9B · 22%Operating income$1.7B · 7%Income before tax$1.4B · 6%Income tax$361M · 2%Net income$1.1B · 5%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$22.4B100%
Cost of revenue$17.6B78%
$4.9B22%
$1.7B7%
Income before tax$1.4B6%
Income tax$361M2%
$1.1B5%
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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