CDW Management
Management criteria checks 3/4
CDW's CEO is Chris Leahy, appointed in Jan 2019, has a tenure of 7.25 years. total yearly compensation is $15.01M, comprised of 7.2% salary and 92.8% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth $19.55M. The average tenure of the management team and the board of directors is 4 years and 10.1 years respectively.
Key information
Chris Leahy
Chief executive officer
US$15.0m
Total compensation
| CEO salary percentage | 7.15% |
| CEO tenure | 7.3yrs |
| CEO ownership | 0.1% |
| Management average tenure | 4yrs |
| Board average tenure | 10.1yrs |
Recent management updates
Recent updates
CDW: Positive Catalyst Watch And Buybacks Will Support Future Earnings Power
The analyst price target for CDW has been trimmed, with recent cuts ranging from $4 to $20, as analysts cite more cautious views even while one firm has placed the stock on a "positive catalyst watch". Analyst Commentary Recent Street research on CDW reflects a mix of more conservative price targets and pockets of constructive sentiment, with one major firm placing the shares on a positive catalyst watch despite the broader round of cuts.CDW: Cloud Services Expansion And Buybacks Will Support Future Earnings Power
CDW's analyst fair value estimate has been reset from $218.02 to $195.00 as analysts factor in lower published price targets from several major firms, alongside revisions to the discount rate, growth, margin, and future P/E assumptions. Analyst Commentary Recent Street research around CDW has centered on revised price targets and rating changes, which have been incorporated into the updated fair value estimate.
CDW: Software And Services Mix Will Sustain Earnings Power Despite Lower Street Expectations
Analysts have trimmed CDW's fair value estimate from $180.60 to $167.40. This change reflects recent reductions in Street price targets and updated expectations for revenue growth, profit margins, and future P/E multiples.
CDW: Recent Target Cuts Will Set Up A Future Contrarian Entry
The updated analyst price target for CDW reflects a modest reset in valuation assumptions, with a slightly lower forward P/E in light of recent target cuts from major banks that are focusing on more measured expectations for growth and profitability. Analyst Commentary Recent Street research for CDW has tilted more cautious, with several bearish analysts trimming their price targets and one major bank shifting to a more pessimistic stance.CDW Corporation: Durable Execution, Fairly Priced, Staying On Hold
Feb 23CDW: Future Earnings Quality Concerns Will Present A Contrarian Opportunity
Our updated narrative on CDW reflects a reduced illustrative fair value estimate, moving from about $160 to roughly $142 per share, as analysts trim price targets and factor in higher discount rates and a lower assumed future P/E multiple, despite slightly stronger modeled revenue growth. Analyst Commentary Recent Street research on CDW has tilted cautious, with multiple price target cuts and at least one downgrade contributing to a more muted sentiment around the shares.CDW: Cloud Services Expansion Will Support Earnings Power After Recent Reset
Analysts trimmed their price targets on CDW by a few dollars to around US$218. This reflects slightly softer assumptions for revenue growth and profit margins, partly offset by a higher expected future P/E multiple.CDW: Software And Services Mix Will Support Earnings Power After Reset
Narrative Update Analysts have trimmed their price targets on CDW, with our updated fair value estimate moving from about $234 to about $221. This reflects softer expected revenue growth, a higher discount rate, and revised P/E assumptions following recent target cuts and a downgrade.CDW: Software And Services Mix Will Support Earnings Quality Despite Near-Term Headwinds
Analysts have trimmed their CDW price targets to about $170 from $200, citing softer than expected recent revenue, slightly lower implied Q4 revenue guidance, and an uncertain spending backdrop, partly offset by the potential long term benefit of a greater mix of higher margin software and services. Analyst Commentary Analysts are processing the lower price targets through the lens of near term execution risks versus longer term mix and margin potential.A Look At The Fair Value Of CDW Corporation (NASDAQ:CDW)
Jan 01
CDW: Long-Term Software And Services Shift Will Support Stronger Future Margins
Analysts have nudged their price target on CDW slightly lower to about $181 from $182, citing near term revenue headwinds and an uncertain IT spending backdrop that temper, but do not erase, the long term benefit of the company’s gradual mix shift toward higher margin software and services. Analyst Commentary Research updates around the latest quarter point to a market that remains constructive on CDW’s long term positioning, yet increasingly cautious on the timing of growth and margin realization.CDW: Long-Term Software And Services Mix Will Drive Stronger Margins
Analysts have reduced their price target on CDW by $30 to $170, reflecting near term caution around softer revenue trends and macro uncertainty, even as they acknowledge the company’s longer term shift in its business mix toward higher margin software and services. Analyst Commentary Analysts are parsing CDW’s latest results and guidance through the lens of a challenging macro backdrop, with differing views on how quickly the business can re-accelerate and justify a higher valuation.CDW: Long-Term Margins Will Improve Despite Short-Term Spending Headwinds
Analysts have lowered their price target for CDW from $200 to $170, citing near-term headwinds from a softer spending environment and short-term impacts from the U.S. government shutdown. They also acknowledge CDW's potential long-term margin improvements through a shift toward higher-margin software and services.CDW: Profit Margins Will Strengthen as Shift to Services Continues
Analysts have lowered their price target for CDW from $203.40 to $182.00 per share. This change reflects softer near-term revenue outlooks and macroeconomic headwinds, despite expectations for improving profit margins and a shift toward higher margin businesses.CDW's (NASDAQ:CDW) Shareholders Will Receive A Bigger Dividend Than Last Year
Nov 07Healthcare and Commercial Gains Will Drive Earnings Momentum Amid Education Weakness
Analysts have reduced their price target for CDW from $205 to $176, citing a balance of strength in the company’s Healthcare and Commercial segments, while ongoing weakness in Education continues to be a concern. Analyst Commentary Following the latest quarterly results, analysts have updated their perspectives on CDW's performance and outlook.AI, Cloud And Cybersecurity Will Expand IT Horizons
Analysts maintained a cautious outlook on CDW due to ongoing weakness in the Education segment and unclear demand recovery timelines—despite strengths in Healthcare and Commercial divisions—resulting in an unchanged consensus price target of $206.80. Analyst Commentary Mixed performance across business segments, with Healthcare and Commercial divisions showing strength while Education faces ongoing weakness.CDW (NASDAQ:CDW) Has Some Way To Go To Become A Multi-Bagger
Aug 28Is There Now An Opportunity In CDW Corporation (NASDAQ:CDW)?
Jul 16CDW Corporation's (NASDAQ:CDW) Share Price Not Quite Adding Up
Jun 30CDW (NASDAQ:CDW) Seems To Use Debt Quite Sensibly
Jun 14We Think The Compensation For CDW Corporation's (NASDAQ:CDW) CEO Looks About Right
May 14CDW (NASDAQ:CDW) Has Announced A Dividend Of $0.625
May 11CDW Corporation: A Turnaround Could Be Taking Shape
Apr 22CDW Corp: Rating Upgrade As Growth Has Seen Positive Inflection
Feb 09CDW Corp.: Rating Downgrade On Uncertain Timing Of Growth Recovery
Nov 05CDW Corp: An Underappreciated Technology Reseller
Oct 28
Critical Shifts And Market Adaptations Position The Company For Enhanced Growth And Margin Improvement
CDW's strategic focus on advanced technology solutions and diversification across sectors hints at robust revenue and growth potential.CDW Corporation: Everything Is On Track
Aug 15CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | US$15m | US$1m | US$1b |
| Sep 30 2025 | n/a | n/a | US$1b |
| Jun 30 2025 | n/a | n/a | US$1b |
| Mar 31 2025 | n/a | n/a | US$1b |
| Dec 31 2024 | US$10m | US$1m | US$1b |
| Sep 30 2024 | n/a | n/a | US$1b |
| Jun 30 2024 | n/a | n/a | US$1b |
| Mar 31 2024 | n/a | n/a | US$1b |
| Dec 31 2023 | US$9m | US$1m | US$1b |
| Sep 30 2023 | n/a | n/a | US$1b |
| Jun 30 2023 | n/a | n/a | US$1b |
| Mar 31 2023 | n/a | n/a | US$1b |
| Dec 31 2022 | US$11m | US$985k | US$1b |
| Sep 30 2022 | n/a | n/a | US$1b |
| Jun 30 2022 | n/a | n/a | US$1b |
| Mar 31 2022 | n/a | n/a | US$1b |
| Dec 31 2021 | US$9m | US$925k | US$989m |
| Sep 30 2021 | n/a | n/a | US$1b |
| Jun 30 2021 | n/a | n/a | US$938m |
| Mar 31 2021 | n/a | n/a | US$853m |
| Dec 31 2020 | US$6m | US$911k | US$789m |
| Sep 30 2020 | n/a | n/a | US$736m |
| Jun 30 2020 | n/a | n/a | US$744m |
| Mar 31 2020 | n/a | n/a | US$752m |
| Dec 31 2019 | US$6m | US$842k | US$737m |
Compensation vs Market: Chris's total compensation ($USD15.01M) is about average for companies of similar size in the US market ($USD14.42M).
Compensation vs Earnings: Chris's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Chris Leahy (60 yo)
7.3yrs
Tenure
US$15,009,507
Compensation
Ms. Christine A. Leahy, also known as Chris, J.D., has been Chief Executive Officer at CDW LLC since January 2019 and is its Chair of the Board. Ms. Leahy has been Lead Independent Director at Target Corpo...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chair of the Board | 7.3yrs | US$15.01m | 0.11% $ 19.6m | |
| CFO & Executive VP of Enterprise Business Operations | 4.6yrs | US$6.39m | 0.019% $ 3.4m | |
| Executive VP & Chief Commercial Officer | 4.3yrs | US$5.19m | 0.027% $ 4.6m | |
| Executive VP and Chief Services & Solutions Officer | less than a year | US$4.34m | no data | |
| Senior VP | 3.9yrs | no data | 0.0016% $ 281.1k | |
| CTO & Senior VP | 5.8yrs | no data | no data | |
| Vice President of Investor Relations | 4yrs | no data | no data | |
| Chief Legal Officer | 8.5yrs | US$2.76m | 0.024% $ 4.2m | |
| Vice President of Corporate Communications & Reputation | no data | no data | no data | |
| Senior VP and Chief Marketing Officer | 3.8yrs | no data | no data | |
| Senior Vice President of Digital | 3.8yrs | no data | no data | |
| Chief Human Resources Officer & Executive VP of Coworker Success | 1.6yrs | US$7.83m | 0.0085% $ 1.5m |
4.0yrs
Average Tenure
55yo
Average Age
Experienced Management: CDW's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chair of the Board | 7.3yrs | US$15.01m | 0.11% $ 19.6m | |
| Independent Director | 5.1yrs | US$319.93k | 0.0020% $ 350.5k | |
| Independent Director | 12.3yrs | US$279.39k | 0% $ 0 | |
| Independent Director | 14.9yrs | US$299.93k | 0.0050% $ 869.2k | |
| Independent Director | 3.3yrs | US$299.93k | 0% $ 0 | |
| Independent Director | 10.7yrs | US$271.86k | 0.011% $ 1.8m | |
| Independent Lead Director | 11.1yrs | US$358.87k | 0.0028% $ 485.8k | |
| Independent Director | 10.3yrs | US$299.93k | 0.011% $ 1.9m | |
| Independent Director | 2.8yrs | US$320.51k | 0.0019% $ 329.6k | |
| Independent Director | 10.1yrs | US$299.93k | 0% $ 0 | |
| Independent Director | 5.3yrs | US$299.93k | 0% $ 0 |
10.1yrs
Average Tenure
65yo
Average Age
Experienced Board: CDW's board of directors are seasoned and experienced ( 10.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/30 04:30 |
| End of Day Share Price | 2026/04/29 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
CDW Corporation is covered by 21 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jayson Noland | Baird |
| Dong Wang | Barclays |
| Benjamin Reitzes | Barclays |