BR vs CDW: Broadridge Financial Solutions and CDW compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Broadridge Financial Solutions is the larger company, worth $19.4B, close to CDW's $18.5B.
- CDW grew revenue faster over the last year (+10.0% vs +7.5%).
- Broadridge Financial Solutions keeps more of each dollar of revenue as operating profit (17.4% vs 7.1%).
- On earnings, CDW is the cheaper stock (17.6x vs 17.9x).
- CDW's price assumes faster free cash flow growth: about 3% a year, against 2% for Broadridge Financial Solutions (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | BR | CDW |
|---|---|---|
| Market cap | $19.4B | $18.5B |
| Share price | $165.45 | $142.17 |
| Revenue (last fiscal year) | $7.5B | $22.4B |
| Free cash flow (last fiscal year) | $1.2B | $1.1B |
| Revenue growth, last year | +7.5% | +10.0% |
| Revenue growth per year, last 5 fiscal years | +7.0% | +1.9% |
| Operating margin | 17.4% | 7.1% |
| Net margin | 15.0% | 4.6% |
| Return on equity | 39.6% | 44.2% |
| P/E (trailing) | 17.9x | 17.6x |
| Price / free cash flow | 18.3x | 17.0x |
| EV / EBITDA | 11.0x | 13.7x |
| FCF growth the price implies | 1.8% | 2.8% |
| Dividend yield | 2.3% | 1.7% |
| Debt / equity | 2.15x | 6.07x |
| Fundamental grade | C | C |
| Superinvestors holding it | 6 | 6 |
| Insider purchases, last 12 months | 10 | 2 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Broadridge Financial Solutions
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $5.7B | $370M | 13.3% |
| 2023 | $6.1B | $748M | 15.4% |
| 2024 | $6.5B | $943M | 15.6% |
| 2025 | $6.9B | $1.1B | 17.3% |
| 2026 | $7.5B | $1.2B | 17.4% |
CDW
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $20.8B | $685M | 6.8% |
| 2022 | $23.7B | $1.2B | 7.3% |
| 2023 | $21.4B | $1.5B | 7.9% |
| 2024 | $21.0B | $1.2B | 7.9% |
| 2025 | $22.4B | $1.1B | 7.4% |
Where the revenue comes from
Broadridge Financial Solutions · by segments, 2026
Investor Communication Solutions$5.6B74%
Global Technology and Operations$1.9B26%
CDW · by segments, 2025
Corporate$9.4B42%
Public$8.5B38%
Other$2.7B12%
Small Business$1.7B8%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open BR in InvestinglyQuestions
Which is bigger, Broadridge Financial Solutions or CDW?
Broadridge Financial Solutions (BR), at $19.4B against $18.5B.
Is BR or CDW cheaper?
By trailing P/E, CDW (17.6x) is cheaper than Broadridge Financial Solutions (17.9x). A lower multiple can also mean the market expects less growth.
Which grows faster, BR or CDW?
CDW: revenue grew +10.0% over the last year, against +7.5%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.