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FCF Payout Ratio: 30.38%

Is the FCF payout ratio high or low?

The FCF payout ratio of 30.38% is 14% above its 5-year average of 26.65%, near the high end of its 5-year range (17.30%–35.10%).

4.34% below its 12-month average of 31.75%.

FCF Payout Ratio

CDW FCF Payout Ratio

30.38%

Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.

+42.22% 5Y
CDW FCF Payout Ratio

CDW Average FCF Payout Ratio Chart

CDW FCF Payout Ratio

CDW Current vs Average FCF Payout Ratio Chart

CDW FCF Payout Ratio Metrics

FCF PAYOUT RATIO

30.38%

FCF PAYOUT RATIO AVG TTM

31.75%

FCF PAYOUT RATIO AVG 3Y

27.69%

FCF PAYOUT RATIO AVG 5Y

26.65%

FCF PAYOUT RATIO AVG 10Y

22.92%

FCF PAYOUT RATIO AVG 15Y

21.46%

FCF PAYOUT RATIO AVG 20Y

21.46%

CURRENT VS TTM AVG

-4.34%

CURRENT VS 3Y AVG

+9.69%

CURRENT VS 5Y AVG

+13.97%

CURRENT VS 10Y AVG

+32.55%

CURRENT VS 15Y AVG

+41.55%

CURRENT VS 20Y AVG

+41.55%

Payout Ratio Comparison

FCF Payout Ratio TTM

30.4%

Earnings Payout Ratio

31.0%

Dividend Yield

1.89%

FCF Yield

6.23%

Annual FCF Payout Ratio History

YearFree Cash FlowDividends PaidFCF Payout Ratio
2025$1.09B$328.60M30.2%
2024$1.15B$332.10M28.8%
2023$1.45B$321.50M22.2%
2022$1.21B$282.60M23.4%
2021$684.60M$234.80M34.3%
2020$1.16B$219.60M19.0%
2019$790.90M$183.40M23.2%
2018$819.80M$139.40M17.0%
2017$696.60M$106.90M15.3%
2016$540.50M$78.70M14.6%
2015$187.40M$52.90M28.2%
2014$380.00M$33.60M8.8%
2013$319.20M$7.30M2.3%
2012$276.00M$00.0%
2011$169.00M$00.0%
2010$382.20M$00.0%
2009$92.00M$00.0%
2008$133.10M$00.0%
2006$131.15M$40.72M31.1%
2005$254.60M$35.11M13.8%
2004$162.09M$30.03M18.5%
2003$114.04M$24.87M21.8%
2002$220.83M$00.0%
2001$279.91M$00.0%
2000$108.81M$00.0%
1999$13.37M$00.0%
1998($10.59M)$0N/A (Loss)
1997$2.40M$00.0%
1996$17.70M$00.0%
1995$9.10M$00.0%

Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100

FCF payout and earnings payout:

  • FCF represents operating cash flow after capital expenditures
  • FCF payout compares dividends paid with free cash flow
  • FCF payout above 100% means dividends paid exceeded free cash flow for the period
  • Earnings payout compares dividends paid with net income

Reading the series: Use the chart and table to compare dividend payments with cash generation over time.

FCF Payout Ratio Formula & Definition

FCF Payout Ratio measures trailing dividends paid as a percentage of trailing free cash flow. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

FCF Payout Ratio FAQ

What is the FCF payout ratio for CDW Corporation (CDW)?
The FCF payout ratio for CDW stock is 30.38%.
Is CDW Corporation's FCF payout ratio high or low?
The FCF payout ratio of 30.38% is 14% above its 5-year average of 26.65%, near the high end of its 5-year range (17.30%–35.10%).
What is the TTM average FCF payout ratio for CDW Corporation (CDW)?
The TTM average FCF payout ratio for CDW stock is 31.75%.
What is the 3Y average FCF payout ratio for CDW Corporation (CDW)?
The 3Y average FCF payout ratio for CDW stock is 27.69%.
What is the 5Y average FCF payout ratio for CDW Corporation (CDW)?
The 5Y average FCF payout ratio for CDW stock is 26.65%.
What is the 10Y average FCF payout ratio for CDW Corporation (CDW)?
The 10Y average FCF payout ratio for CDW stock is 22.92%.
What is the 15Y average FCF payout ratio for CDW Corporation (CDW)?
The 15Y average FCF payout ratio for CDW stock is 21.46%.
What is the 20Y average FCF payout ratio for CDW Corporation (CDW)?
The 20Y average FCF payout ratio for CDW stock is 21.46%.

CDW FCF Payout Ratio History

DATEFCF PAYOUT RATIO
2026-03-3130.38%
2025-12-3130.20%
2025-09-3032.71%
2025-06-3032.48%
2025-03-3133.01%
2024-12-3128.76%
2024-09-3024.77%
2024-06-3022.54%
2024-03-3121.27%
2023-12-3122.16%
2023-09-3027.47%
2023-06-3029.71%
2023-03-3124.54%
2022-12-3123.39%
2022-09-3024.34%
2022-06-3023.94%
2022-03-3135.10%
2021-12-3134.30%
2021-09-3019.99%
2021-06-3021.36%
2021-03-3117.30%
2020-12-3118.99%
2020-09-3027.51%
2020-06-3024.57%
2020-03-3125.70%
2019-12-3123.19%
2019-09-3019.68%
2019-06-3018.16%
2019-03-3117.81%
2018-12-3117.00%
2018-09-3014.76%
2018-06-3018.36%
2018-03-3120.52%
2017-12-3115.35%
2017-09-3021.66%
2017-06-3015.75%
2017-03-3118.19%
2016-12-3114.56%
2016-09-3018.11%
2016-06-3016.41%
2016-03-3113.57%
2015-12-3128.23%
2015-09-3014.70%
2015-06-3014.01%
2015-03-3112.23%
2014-12-318.84%
2014-09-307.42%
2014-06-305.09%
2014-03-312.04%
2004-06-3015.74%
2004-03-3114.69%
2003-12-3121.81%
2003-09-3015.17%

About CDW Corporation

CDW Corporation specializes in delivering comprehensive information technology services and products across North America and the United Kingdom. It strategically targets three core client divisions: corporate enterprises, small to medium-sized businesses, and public sector organizations. Their portfolio encompasses both individual hardware and software offerings, alongside sophisticated integrated IT solution packages. These comprehensive solutions span on-premise, hybrid, and cloud environments, addressing critical areas such as data center infrastructure, network management, digital workspace enablement, and robust security. Key hardware categories include mobile computing devices (laptops, tablets), network infrastructure components, desktop workstations, display units, and enterprise data storage systems, while software offerings feature application suites, cybersecurity tools, virtualization platforms, operating systems, and network management utilities. Beyond products, CDW delivers a broad spectrum of services, including expert advisory and design, custom software development, system implementation, ongoing managed services, specialized professional support, configuration assistance, and telecommunications solutions, complemented by product warranties. They also focus on providing mission-critical software, system, and network solutions. Furthermore, installation, deployment, and repair services are facilitated for customers, often leveraging a network of third-party partners. Their diverse clientele includes governmental bodies, educational institutions, healthcare providers, and businesses of all scales – from small enterprises to major corporations. Established in 1984, the company maintains its primary corporate offices in Vernon Hills, Illinois.

Vernon Hills, IL
15,100 employees
Technology / Information Technology Services
Sector
Technology
Industry
Information Technology Services
CEO
Christine A. Leahy