CDW Corporation Financial Ratios — CDW Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	31.31	29.72	39.67	39.7	51.51	65.59	76.14	69.86	98.72	96.54	60.58	49.04	43.02
Return on Assets (%)	0.29	2.04	2.28	4.08	6.28	6.2	7.52	9.1	9.72	9.09	8.77	8.47	8.36	7.71	6.95
Return on Capital (%)	5.13	7.92	7.69	9.16	11.88	11.99	15.11	18.01	19.18	17.09	15.85	16.38	16.42	15.3	14.77
Return on Invested Capital (%)	6.82	8.16	8.73	10.47	10.86	11.9	15.97	17.76	19.33	17.17	15.4	16.4	16.38	15.27	14.75
Gross Margin (%)	16.49	16.48	16.35	15.91	16.29	17.03	16.52	16.67	16.86	17.38	17.14	19.73	21.76	21.92	21.73
EBITDA Margin (%)	7.04	7.12	6.66	7.3	7.46	7.86	7.6	7.71	7.77	8.69	7.73	8.53	9.13	9.17	8.7
Operating Margin (%)	4.9	5.04	4.72	5.57	5.71	6	5.84	6.08	6.29	6.39	6.82	7.31	7.86	7.86	7.38
Incremental Operating Margin (%)	14.73	7.59	-0.31	12.59	7.55	11.4	4.01	8.58	8.16	10.48	10.19	10.8	2.29	7.85	0.3
Pretax Margin (%)	0.29	1.84	1.82	3.21	4.98	4.92	4.45	5.18	5.27	5.43	6.23	6.26	6.78	6.84	6.37
Profit Margin (%)	0.18	1.17	1.23	2.03	3.1	3.11	3.53	3.96	4.09	4.27	4.75	4.69	5.17	5.13	4.76
Net Income to Common Margin (%)	0.18	1.17	1.23	2.03	3.1	3.11	3.53	3.96	4.09	4.27	4.75	4.69	5.17	5.13	4.76
Effective Tax Rate (%)	39.58	36.06	32.07	36.83	37.7	36.85	20.83	23.5	22.42	21.33	23.82	25.09	23.85	24.91	25.28
Dvd Payout Ratio (%)	- -	- -	5.5	13.72	13.12	18.51	20.44	21.68	24.89	27.85	23.75	25.36	29.11	30.81	30.81
Sustainable Growth Rate (%)	- -	- -	29.59	25.64	34.46	32.35	40.98	51.37	57.18	50.4	75.27	72.06	42.94	33.93	29.77

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	4,066	3,771	3,251	3,166	3,260	3,234	3,236	3,209	3,828	4,566	7,353	6,098	5,809	5,992	5,788
ST Debt	201	40	45	15	27	18	26	25	413	541	413	56	613	236	1,008
LT Debt	3,865	3,731	3,206	3,151	3,232	3,216	3,210	3,183	3,414	4,025	6,940	6,042	5,196	5,756	4,780
Total Debt/EBITDA	6.02	5.23	4.54	3.59	3.36	3.01	2.87	2.56	2.73	2.85	4.57	3.01	2.98	3.11	2.97
Net Debt/EBITDA	5.87	5.18	4.27	3.2	3.32	2.76	2.74	2.4	2.53	1.86	4.29	2.77	2.59	2.77	2.57
Total Debt/EBIT	8.64	7.39	6.39	4.7	4.39	3.94	3.73	3.25	3.38	3.87	5.18	3.51	3.46	3.63	3.5
Net Debt/EBIT	8.43	7.31	6.02	4.19	4.34	3.62	3.57	3.04	3.12	2.53	4.87	3.23	3.01	3.23	3.03
EBITDA to Interest Expense	2.08	2.34	2.87	4.46	6.08	7.33	7.49	8.43	8.79	10.36	10.67	8.59	8.61	8.98	8.58
EBITDA-CapEx/Interest Expense	2.08	2.34	2.87	4.46	6.08	7.33	7.49	8.43	8.79	10.36	10.67	8.59	8.61	8.98	8.58
EBIT to Interest Expense	1.45	1.66	2.03	3.41	4.65	5.6	5.76	6.64	7.11	7.61	9.4	7.36	7.42	7.7	7.28
Interest Expense	324	307	250	197	160	146	150	149	159	155	151	236	227	214	227
Common Equity/Total Assets	-0.12	2.39	12.01	15.41	16.22	15.05	14.15	13.61	12	13.88	5.35	12.21	15.37	16.03	16.26
Long-Term Debt/Equity (%)	- -	2,733.33	450.44	336.42	294.96	307.59	325.69	326.43	355.55	310.33	983.42	376.82	254.38	244.66	183.42
Long-Term Debt/Capital (%)	95.23	95.48	80.9	76.8	74.21	75.14	76.05	76.09	71.31	68.65	86.12	78.45	66.18	68.98	56.95
Long-Term Debt/Total Assets (%)	64.77	65.23	54.11	51.85	47.85	46.28	46.08	44.41	42.68	43.08	52.58	46.01	39.11	39.21	29.82
Total Debt/Equity (%)	-55,698.63	2,762.64	456.82	338.07	297.45	309.36	328.28	329.02	398.57	352.04	1,041.92	380.33	284.4	254.68	222.08
Total Debt/Capital (%)	100.18	96.51	82.04	77.17	74.84	75.57	76.65	76.69	79.94	77.88	91.24	79.18	73.99	71.81	68.95
Total Debt/Total Assets (%)	68.13	65.93	54.88	52.11	48.25	46.55	46.44	44.76	47.85	48.87	55.71	46.44	43.73	40.82	36.11
Net Debt to Equity	-54,330.14	2,734.87	430.39	301.28	294.01	284.14	313.65	307.92	368.88	230.29	979.24	349.75	247.55	226.94	192.28
Net Debt/Capital (%)	100.18	96.47	81.15	75.08	74.62	73.97	75.82	75.49	76.45	67.08	88.59	75.92	69.62	68.09	64.45
EBITDA	676	721	717	881	969	1,074	1,127	1,253	1,401	1,605	1,610	2,026	1,952	1,927	1,951
EBITDA-CapEx	676	721	717	881	969	1,074	1,127	1,253	1,401	1,605	1,610	2,026	1,952	1,927	1,951
Operating Income (Loss)	471	511	509	673	742	820	866	987	1,134	1,179	1,419	1,735	1,681	1,651	1,656

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.07	0.03	0.13	0.23	0.02	0.12	0.06	0.07	0.04	0.36	0.05	0.06	0.11	0.13	0.09
Current Ratio	1.4	1.57	1.58	1.67	1.48	1.42	1.35	1.35	1.24	1.53	1.27	1.33	1.23	1.35	1.18
Quick Ratio	1.12	1.26	1.27	1.4	1.19	1.17	1.12	1.14	1.02	1.28	1.02	1.06	1.03	1.16	1.04
CFO/Avg Current Liab	0.18	0.25	0.28	0.3	0.17	0.29	0.32	0.34	0.33	0.36	0.17	0.27	0.31	0.23	0.19
Common Equity/Total Assets	-0.12	2.39	12.01	15.41	16.22	15.05	14.15	13.61	12	13.88	5.35	12.21	15.37	16.03	16.26
Long-Term Debt/Equity (%)	- -	2,733.33	450.44	336.42	294.96	307.59	325.69	326.43	355.55	310.33	983.42	376.82	254.38	244.66	183.42
Long-Term Debt/Capital (%)	95.23	95.48	80.9	76.8	74.21	75.14	76.05	76.09	71.31	68.65	86.12	78.45	66.18	68.98	56.95
Long-Term Debt/Total Assets (%)	64.77	65.23	54.11	51.85	47.85	46.28	46.08	44.41	42.68	43.08	52.58	46.01	39.11	39.21	29.82
Total Debt/Equity (%)	-55,698.63	2,762.64	456.82	338.07	297.45	309.36	328.28	329.02	398.57	352.04	1,041.92	380.33	284.4	254.68	222.08
Total Debt/Capital (%)	100.18	96.51	82.04	77.17	74.84	75.57	76.65	76.69	79.94	77.88	91.24	79.18	73.99	71.81	68.95
Total Debt/Total Assets (%)	68.13	65.93	54.88	52.11	48.25	46.55	46.44	44.76	47.85	48.87	55.71	46.44	43.73	40.82	36.11
CFO/Total Liabilities	3.59	5.68	7.03	8.46	4.9	10.23	13	14.63	14.59	16.33	6.28	11.59	14.22	10.36	8.98
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	4.11	4.78	4.95	5.55	5.52	5.27	5.57	5.68	5.85	4.93	4.6	5.23	5.13	4.21	3.5

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	8.12	7.92	7.87	8.02	7.26	6.53	6.6	6.5	6.36	5.94	5.4	5.3	4.74	4.33	3.92
Days Sales Outstanding	44.94	46.09	46.37	45.53	50.28	55.87	55.34	56.19	57.42	61.42	67.6	68.86	77.08	84.33	93.17
Inventory Turnover	26.1	26.59	25.86	28.22	29.76	26.85	28.68	31.26	28.14	22.25	20.45	22.07	22.78	25.75	30.03
Days Inventory Outstanding	13.99	13.73	14.11	12.93	12.26	13.6	12.73	11.68	12.97	16.4	17.85	16.54	16.02	14.17	12.15
Accounts Payable Turnover	15.26	16.31	15.36	14.79	13.92	11.76	10.33	9.38	8.88	7.85	6.7	6.38	5.82	5.22	4.61
Accounts Payable Turnover Days	23.92	22.38	23.76	24.68	26.23	31.04	35.35	38.91	41.1	46.48	54.51	57.21	62.72	69.97	79.23
Cash Conversion Cycle	35	37.44	36.72	33.78	36.32	38.43	32.72	28.95	29.28	31.34	30.94	28.19	30.38	28.53	26.09
Inventory to Cash Days	30.95	32.36	32.26	32.59	38.02	42.28	42.61	44.52	44.45	45.01	49.75	52.32	61.06	70.16	81.02
Inventories	322	315	382	338	393	452	412	454	611	760	928	800	668	605	563
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	322	315	382	338	393	452	412	454	611	760	928	800	668	605	563
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	4,018	6,056	7,071	8,350	10,632	11,971	20,426	18,701	27,604	24,198	30,484	23,078	17,624
- Cash & Cash Equivalents	100	38	188	344	38	264	144	206	154	1,410	258	315	589	504	619
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	4,066	3,771	3,251	3,166	3,260	3,234	3,236	3,209	3,828	4,566	7,353	6,098	5,809	5,992	5,788
Enterprise Value	3,966	3,733	7,081	8,878	10,293	11,321	13,723	14,974	24,100	21,857	34,699	29,980	35,704	28,352	22,793
Total Capital	4,059	3,908	3,963	4,102	4,356	4,280	4,221	4,184	4,788	5,863	8,058	7,701	7,851	8,345	8,394
Total Debt/Capital (%)	100.18	96.51	82.04	77.17	74.84	75.57	76.65	76.69	79.94	77.88	91.24	79.18	73.99	71.81	68.95
Total Debt / EV	1.03	1.01	0.46	0.36	0.32	0.29	0.24	0.21	0.16	0.21	0.21	0.2	0.16	0.21	0.25
EV/Sales	0.41	0.37	0.66	0.74	0.79	0.83	0.93	0.92	1.34	1.18	1.67	1.26	1.67	1.35	1.02
EV/EBITDA	5.87	5.18	9.88	10.08	10.62	10.54	12.17	11.95	17.21	13.62	21.55	14.8	18.29	14.72	11.68
EV/EBIT	8.43	7.31	13.92	13.19	13.87	13.81	15.84	15.17	21.26	18.54	24.45	17.28	21.24	17.17	13.77
EV/Cash Flow to Firm	9.66	7.26	13.21	15.86	27.31	16.25	15.3	14.69	20.94	15.22	38.57	19.82	20.16	19.71	16.58
EV/Free Cash Flow to Firm	9.66	7.26	13.21	15.86	27.31	16.25	15.3	14.69	20.94	15.22	38.57	19.82	20.16	19.71	16.58
Diluted Market Cap	- -	- -	3,707	6,077	7,222	8,647	10,993	12,449	21,112	19,083	28,772	24,465	30,984	23,530	17,992
Diluted Enterprise Value	3,966	3,733	6,770	8,899	10,445	11,618	14,085	15,452	24,785	22,239	35,866	30,248	36,204	29,019	23,161
EV per Share	- -	25.71	41.17	51.56	61.2	70.62	89.69	101.38	168.53	154.03	257.41	221.26	266.25	213.82	176.15
TTM Sales	9,602	10,128	10,769	12,074	12,989	13,673	14,833	16,240	18,032	18,468	20,821	23,749	21,376	20,999	22,424
TTM EBITDA	676	721	717	881	969	1,074	1,127	1,253	1,401	1,605	1,610	2,026	1,952	1,927	1,951
TTM Operating Income	471	511	509	673	742	820	866	987	1,134	1,179	1,419	1,735	1,681	1,651	1,656
TTM Cash Flow to Firm	411	514	536	560	377	697	897	1,020	1,151	1,436	900	1,512	1,771	1,438	1,375
TTM Free Cash Flow to Firm	411	514	536	560	377	697	897	1,020	1,151	1,436	900	1,512	1,771	1,438	1,375

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	10.12	13.97	26.03	14.32	14.14	13.74	20.55	14.52	36.67	18.31	19.38	18.42	14.93
EV/EBIT	8.43	7.31	13.92	13.19	13.87	13.81	15.84	15.17	21.26	18.54	24.45	17.28	21.24	17.17	13.77
Enterprise Value	3,966	3,733	7,081	8,878	10,293	11,321	13,723	14,974	24,100	21,857	34,699	29,980	35,704	28,352	22,793
Low Price	- -	- -	17.38	22.72	33.01	30.4	50.49	66.88	76.07	73.39	125.46	147.91	160.66	170.68	135.63
EV/Sales	0.41	0.37	0.66	0.74	0.79	0.83	0.93	0.92	1.34	1.18	1.67	1.26	1.67	1.35	1.02
EV/EBITDA	5.87	5.18	9.88	10.08	10.62	10.54	12.17	11.95	17.21	13.62	21.55	14.8	18.29	14.72	11.68
Price/Earnings	- -	- -	27.55	24.5	17.76	20.05	20.64	19.02	28.13	23.83	28.69	21.66	27.71	21.61	16.77
Price/Earnings Average	- -	- -	26.19	20.59	16.4	16.66	18.39	18.96	21.77	21.53	24.58	21.18	23.85	27.46	20.56
Price/Earnings High	- -	- -	28.9	25.13	19.82	21.35	21.25	22.71	28.55	26.58	29.09	25.32	27.96	32.7	27.44
Price/Earnings Low	- -	- -	20.49	15.83	13.95	11.7	15	15.7	14.98	13.27	17.58	17.94	19.58	21.19	16.7
Price/Book Value	- -	- -	5.65	6.47	6.45	7.99	10.79	12.28	21.27	14.42	39.12	15.09	14.92	9.81	6.76
Price/Book Value Average	- -	- -	5.37	5.44	5.96	6.64	9.61	12.24	16.46	13.02	33.52	14.75	12.85	12.47	8.29
Price/Book Value High	- -	- -	5.92	6.63	7.2	8.5	11.1	14.65	21.58	16.08	39.67	17.64	15.06	14.84	11.07
Price/Book Value Low	- -	- -	4.2	4.18	5.07	4.66	7.84	10.13	11.33	8.03	23.96	12.5	10.55	9.62	6.73
Price/Tangible Book Value	- -	- -	-1.42	-2.47	-2.64	-3.39	-4.45	-5.44	-9.34	-10.72	-5.2	-5.72	-8.15	-6.37	-5.44
Price/Tangible Book Value Average	- -	- -	-1.35	-2.08	-2.44	-2.82	-3.96	-5.42	-7.23	-9.69	-4.46	-5.59	-7.01	-8.09	-6.66
Price/Tangible Book Value High	- -	- -	-1.49	-2.54	-2.94	-3.61	-4.58	-6.5	-9.48	-11.96	-5.28	-6.69	-8.22	-9.64	-8.9
Price/Tangible Book Value Low	- -	- -	-1.05	-1.6	-2.07	-1.98	-3.23	-4.49	-4.97	-5.97	-3.19	-4.74	-5.76	-6.24	-5.41
Price/Sales	- -	- -	0.34	0.5	0.55	0.62	0.73	0.75	1.15	1.02	1.36	1.02	1.43	1.11	0.8
Price/Sales Average	- -	- -	0.32	0.42	0.51	0.52	0.65	0.75	0.89	0.92	1.17	0.99	1.23	1.41	0.98
Price/Sales High	- -	- -	0.36	0.51	0.62	0.66	0.75	0.9	1.17	1.13	1.38	1.19	1.44	1.68	1.31
Price/Sales Low	- -	- -	0.25	0.32	0.43	0.36	0.53	0.62	0.61	0.57	0.83	0.84	1.01	1.09	0.79
Price/Cash Flow	- -	- -	9.99	13.79	25.8	14.11	13.89	13.5	20.18	14.3	36.15	18.07	19.14	18.23	14.84
Price/Cash Flow Average	- -	- -	9.49	11.59	23.82	11.73	12.37	13.46	15.62	12.92	30.97	17.67	16.47	23.17	18.19
Price/Cash Flow High	- -	- -	10.48	14.15	28.79	15.02	14.29	16.12	20.48	15.94	36.66	21.12	19.32	27.59	24.29
Price/Cash Flow Low	- -	- -	7.43	8.91	20.26	8.23	10.09	11.14	10.75	7.96	22.15	14.97	13.53	17.88	14.78
Price/Free Cash Flow Average	- -	- -	9.62	11.74	24.03	11.9	12.59	13.7	15.91	13.12	31.42	17.9	16.68	23.41	18.3
Price/Free Cash Flow High	- -	- -	10.62	14.33	29.05	15.25	14.55	16.4	20.86	16.19	37.19	21.4	19.56	27.88	24.43
Price/Free Cash Flow Low	- -	- -	7.53	9.03	20.44	8.35	10.27	11.34	10.95	8.09	22.47	15.17	13.7	18.07	14.87
EV/Sales Average	0.41	0.37	0.64	0.66	0.75	0.72	0.85	0.92	1.08	1.09	1.48	1.24	1.47	1.66	1.19
EV/Sales High	0.41	0.37	0.68	0.75	0.86	0.87	0.95	1.06	1.35	1.3	1.69	1.43	1.68	1.92	1.52
EV/Sales Low	0.41	0.37	0.56	0.56	0.68	0.57	0.73	0.79	0.81	0.73	1.15	1.09	1.25	1.34	1.01
EV/EBITDA Average	5.87	5.18	9.6	8.98	10.06	9.22	11.14	11.92	13.91	12.49	19.1	14.53	16.12	18.07	13.72
EV/EBITDA High	5.87	5.18	10.15	10.26	11.46	11.04	12.45	13.8	17.42	14.96	21.79	16.81	18.44	20.98	17.43
EV/EBITDA Low	5.87	5.18	8.44	7.64	9.05	7.3	9.59	10.28	10.39	8.46	14.91	12.75	13.71	14.6	11.64
EV/EBIT Average	8.43	7.31	13.53	11.76	13.14	12.09	14.5	15.13	17.19	17	21.67	16.96	18.72	21.09	16.17
EV/EBIT High	8.43	7.31	14.31	13.42	14.98	14.47	16.2	17.52	21.53	20.36	24.73	19.63	21.41	24.47	20.55
EV/EBIT Low	8.43	7.31	11.9	10.01	11.83	9.57	12.48	13.05	12.84	11.51	16.92	14.88	15.92	17.03	13.72
Last Price	- -	- -	23.36	35.17	42.04	52.09	69.49	81.05	142.84	131.79	204.78	178.58	227.32	174.04	136.2
High Price	- -	- -	24.51	36.08	46.92	55.47	71.53	96.75	144.95	146.95	207.67	208.71	229.42	263.37	222.92
Enterprise Value Average	3,966	3,733	6,883	7,912	9,751	9,911	12,561	14,936	19,483	20,048	30,747	29,435	31,459	34,818	26,777
Enterprise Value High	3,966	3,733	7,279	9,034	11,114	11,863	14,035	17,293	24,401	24,008	35,089	34,063	35,985	40,411	34,015
Enterprise Value Low	3,966	3,733	6,052	6,734	8,774	7,844	10,816	12,881	14,552	13,570	24,007	25,825	26,765	28,121	22,719

Shares Outstanding	- -	145	172	172	168	160	153	148	143	142	135	136	134	133	129
Diluted Weighted Avg Shares	145	146	159	173	172	166	158	154	148	145	140	137	136	135	132
Basic Weighted Avg Shares	145	145	157	171	170	164	155	151	145	143	138	135	135	134	131
Revenue per Share	66.31	69.8	68.77	70.78	76.27	83.57	95.45	107.62	124.28	129.51	150.33	175.66	158.81	156.94	170.79
EBITDA per Share	4.67	4.97	4.58	5.16	5.69	6.57	7.25	8.3	9.65	11.25	11.63	14.98	14.5	14.4	14.86
Operating Income per Share	3.25	3.52	3.25	3.94	4.36	5.01	5.58	6.54	7.81	8.27	10.25	12.83	12.49	12.34	12.61
Basic EPS, GAAP	0.12	0.82	0.85	1.44	2.37	2.6	3.37	4.26	5.08	5.53	7.14	8.24	8.2	8.06	8.12
Basic EPS from Cont Ops	0.12	0.82	0.85	1.44	2.37	2.6	3.37	4.26	5.08	5.53	7.14	8.24	8.2	8.06	8.12
Diluted EPS, GAAP	0.12	0.82	0.84	1.42	2.35	2.56	3.31	4.19	4.99	5.45	7.04	8.14	8.1	7.97	8.07
Diluted EPS from Cont Ops	0.12	0.82	0.84	1.42	2.35	2.56	3.31	4.19	4.99	5.45	7.04	8.14	8.1	7.97	8.07
Dividend per Share	- -	- -	0.05	0.2	0.31	0.48	0.69	0.92	1.26	1.54	1.7	2.09	2.39	2.48	2.5
Cash Flow per Share	1.48	2.19	2.34	2.55	1.63	3.69	5	6	7.08	9.22	5.66	9.88	11.88	9.55	9.18
Free Cash Flow per Basic Share	1.48	2.19	2.34	2.55	1.63	3.69	5	6	7.08	9.22	5.66	9.88	11.88	9.55	9.18
Cash & Equivalents per Share	- -	0.26	1.09	2	0.22	1.65	0.94	1.39	1.08	9.94	1.91	2.33	4.39	5.41	4.78
Book Value per Share	- -	0.94	4.14	5.44	6.52	6.52	6.44	6.6	6.72	9.14	5.24	11.83	15.23	17.74	20.14
Tangible Book Value per Share	- -	-24.46	-16.49	-14.23	-15.94	-15.38	-15.63	-14.89	-15.29	-12.29	-39.36	-31.22	-27.89	-27.33	-25.06

CDW Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)