CDW vs GIB: CDW Corp and CGI compared
CDW Corp is the larger company, worth $19.6B, about 1.3 times CGI.
CDW Corp (CDW)Information Technology Services
$157.00$19.6B market cap
vs
CGI (GIB)Information Technology Services
$83.29$15.4B market cap
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- CDW Corp is the larger company, worth $19.6B, about 1.3 times CGI.
- CDW Corp grew revenue faster over the last year (+10.9% vs +8.4%).
- On earnings, CGI is the cheaper stock (15.5x vs 18.3x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | CDW | GIB |
|---|---|---|
| Market cap | $19.6B | $15.4B |
| Share price | $157.00 | $83.29 |
| Revenue (last fiscal year) | $22.4B | 15.9B CAD |
| Free cash flow (last fiscal year) | $1.1B | 2.0B CAD |
| Revenue growth, last year | +10.9% | +8.4% |
| Revenue growth per year, last 5 fiscal years | +1.9% | +7.0% |
| Operating margin | 7.0% | — |
| Net margin | 4.5% | 10.4% |
| Return on equity | 41.7% | 16.1% |
| P/E (trailing) | 18.3x | 15.5x |
| Price / free cash flow | 21.0x | 9.27x |
| EV / EBITDA | 12.5x | — |
| FCF growth the price implies | 3.6% | — |
| Dividend yield | 1.6% | 0.79% |
| Debt / equity | 2.70x | 0.27x |
| Fundamental grade | C | C |
| Superinvestors holding it | 25 | 13 |
| Insider purchases, last 12 months | 2 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
CDW Corp
| 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% |
CGI
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | 12.1B CAD | 1.9B CAD | — |
| 2022 | 12.9B CAD | 1.6B CAD | — |
| 2023 | 14.3B CAD | 1.8B CAD | — |
| 2024 | 14.7B CAD | 1.9B CAD | — |
| 2025 | 15.9B CAD | 2.0B CAD | — |
Where the revenue comes from
CDW Corp · by segments, 2025
Corporate$9.4B42%
Public$8.5B38%
Other$2.7B12%
Small Business$1.7B8%
CGI · by segments, 2025
Western and Southern Europe2.7B CAD17%
U.S. Commercial and State Government2.5B CAD16%
U.S. Federal2.2B CAD14%
Canada2.1B CAD13%
U.K. and Australia2.0B CAD13%
Scandinavia, Northwest and Central- East Europe1.7B CAD11%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open CDW in InvestinglyQuestions
Which is bigger, CDW Corp or CGI?
CDW Corp (CDW), at $19.6B against $15.4B.
Is CDW or GIB cheaper?
By trailing P/E, CGI (15.5x) is cheaper than CDW Corp (18.3x). A lower multiple can also mean the market expects less growth.
Which grows faster, CDW or GIB?
CDW Corp: revenue grew +10.9% over the last year, against +8.4%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.