CDW
CDW Corporation
CDW has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over CDW overall, supported by stronger fundamentals and stronger modeled upside.
CDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Stable |
CDW's revenue and profitability are currently healthy, and its cash flow and balance sheet are stable.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
CDW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 14x | $173 | — |
| Cheap | 19x | $166 | -4.2% |
| Current | 20x | $173 | — |
| Fair | 24x | $205 | +19% |
| Expensive | 28x | $243 | +41% |
Historical ranges are pointers, not guarantees.
CDW's PE is in its cheap range at 20x. If earnings grow as analysts expect, today's price would be 14x next year's earnings.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK has the edge over CDW in the historical PE scenario, which offers more potential upside but is not a forecast.
CDW Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for CDW, with profitability holding steady.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
SNDK has the edge over CDW on the outlook, with more favorable profitability expectations.
CDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.14 | +42% |
| Q3 2026 | $8.56 | +8.1% |
| Q2 2026 | $8.31 | +3.2% |
| Q1 2026 | $8.21 | +1.7% |
| Q4 2025 | $8.08 | +1.4% |
| Q3 2025 | $7.92 | -3.2% |
| Q2 2025 | $8.05 | -1.3% |
| Q1 2025 | $8.07 | +0.7% |
| Q4 2024 | $7.97 | -1.6% |
CDW earned $8.56 per share over the past year, up 8.1% from the year before.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over CDW in the latest year-over-year earnings comparison.
CDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6.8B | +18% |
| Q2 2026 | $6.6B | +10% |
| Q1 2026 | $5.7B | +9.2% |
| Q4 2025 | $5.5B | +6.3% |
| Q3 2025 | $5.7B | +4% |
| Q2 2025 | $6B | +10% |
| Q1 2025 | $5.2B | +6.7% |
| Q4 2024 | $5.2B | +3.3% |
CDW's revenue has grown year over year for eight quarters in a row: $6.8B last quarter, up 18% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.3% | -0.5 points |
| Q2 2026 | 6.5% | -0.5 points |
| Q1 2026 | 6.6% | -0.3 points |
| Q4 2025 | 7.8% | -0.1 points |
| Q3 2025 | 7.7% | -1 points |
| Q2 2025 | 7% | -1 points |
| Q1 2025 | 7% | +0.2 points |
| Q4 2024 | 7.9% | -0.8 points |
CDW's operating margin was 7.3% last quarter, about level with the same quarter a year ago.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK's revenue has grown year over year for six quarters in a row: $11B last quarter, up 378% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK has the edge over CDW on profitability, with a higher operating margin.
CDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $372M | +25% |
| Q2 2026 | -$82.6M | -162% |
| Q1 2026 | $248.4M | -4.6% |
| Q4 2025 | $395.9M | +25% |
| Q3 2025 | $298.5M | -3.2% |
| Q2 2025 | $133.4M | +12% |
| Q1 2025 | $260.3M | -37% |
| Q4 2024 | $316.7M | -37% |
CDW still generates free cash flow, though less than at its 2020 peak: $934M over the past year.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK has the edge over CDW on cash flow, with more consistent year-over-year improvement.
CDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -1.7M shares |
| 1 year | -4.6% | -6.1M shares |
| 3 years | -7.5% | -10.2M shares |
| 5 years | -9.8% | -13.7M shares |
| Available history | -15% | -22.1M shares |
CDW has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $108M |
| Q2 2026 | $343.7M |
| Q1 2026 | $201M |
| Q4 2025 | $153M |
| Q3 2025 | $149.9M |
| Q2 2025 | $150M |
| Q1 2025 | $200.1M |
| Q4 2024 | $146M |
CDW spent $806M buying back its own shares over the past year, up 25% from the year before.
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has 154M diluted shares, up 3.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
CDW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.8x | Moderate |
| Q2 2026 | 2.8x | Moderate |
| Q1 2026 | 2.6x | Moderate |
| Q4 2025 | 2.6x | Moderate |
| Q3 2025 | 2.7x | Moderate |
| Q2 2025 | 2.6x | Moderate |
| Q1 2025 | 2.7x | Moderate |
| Q4 2024 | 2.8x | Moderate |
CDW's net debt is about 2.8 years of its operating earnings (EBITDA), about the same as a year ago.
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK has the edge over CDW on leverage, with a lower net debt burden relative to earnings.
CDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.9 | Neutral |
| Stochastic | 81.9 | Overbought |
CDW's weekly RSI is 64 (neutral) and its Stochastic is 82 (overbought).
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).
CDW PE vs Technology Sector
| Metric | CDW | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 28x | 28% below |
| PE % | 19 | 35 | 16 pts below |
CDW is trading at 20x earnings, a 28% discount to the Technology sector's median of 28x.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK has the edge over CDW on valuation relative to its sector.
CDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $151.3 | 14% above |
| 20 week MA | $145.8 | 19% above |
| 50 week MA | $135.1 | 28% above |
| 100 week MA | $152.1 | 14% above |
| 200 week MA | $180.9 | 4.5% below |
CDW has stronger trend alignment. CDW is above 4 of 5 weekly averages versus SNDK above 0 of 3.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-week average.
CDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $144.0 | $129.2 | -10% |
| 2021 | $129.2 | $202.8 | +57% |
| 2022 | $202.8 | $178.1 | -12% |
| 2023 | $178.1 | $227.3 | +28% |
| 2024 | $227.3 | $175.8 | -23% |
| 2025 | $175.8 | $139.7 | -21% |
| 2026 YTD | $139.7 | $172.8 | +24% |
CDW has finished lower in four of the last six years. It's up 24% so far in 2026.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over CDW on returns for 2026, with the stronger performance.