CDW vs Ingram Micro Holding
Ingram Micro Holding is the larger business, with $52.56bn of revenue in fiscal 2025 against $22.42bn for CDW (2.3 times as much). Ingram Micro Holding grew faster (9.5% against 6.8%). CDW kept more of each dollar of sales as profit: a net margin of 4.8% against 0.6%.
| Latest fiscal year | CDWCDW, 2025 | Ingram Micro HoldingINGM, 2025 |
|---|---|---|
| Revenue | $22.42bn | $52.56bn |
| Revenue growth | 6.8% | 9.5% |
| Net income | $1.07bn | $328m |
| Operating margin | — | 1.7% |
| Net margin | 4.8% | 0.6% |
| Return on equity | 43.0% | 8.2% |
| Free cash flow | $1.09bn | $785m |
| Cash | $619m | $1.86bn |
| Total debt | $5.66bn | $3.20bn |
| Debt to equity | — | 75.3% |
| Dividend per share | $2.50 | $0.31 |
| Dividend yield | 1.7% | 1.3% |
| Share buybacks | $653m | — |
| Employees | — | 22,200 |
| Market value | $18.41bn | $6.21bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 58 (Moderate) | — |
| Insider trades, 12 months | 2 buys, 2 sales | 0 buys, 8 sales |