Core & Main, Inc. logo

Core & Main, Inc.

CNM

NYSEIndustrialsIndustrial - Distribution

Latest quote

$44.89

+$0.42 · +0.94%

Aug 21, 3:55 PM ET

CNM company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

84

Deep Value

Momentum

30

Weakening

Sentiment

61

Bullish

Risk resilience

57

Elevated Risk

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Company profile

Company website

Core & Main, Inc. (CNM) is a leading supplier of vital infrastructure products and services across the United States. The company specializes in providing comprehensive solutions for water, wastewater, storm drainage, and fire protection systems. Their diverse clientele includes local governments (municipalities), privately owned water utilities, and a wide array of professional contractors working on projects in the residential, non-residential (commercial), and public sectors. Core & Main's extensive product range features essential components such as pipes, valves, hydrants, and fittings. For storm drainage needs, they offer systems including corrugated piping, retention basins, inline drains, manholes, grates, and geosynthetics. Their fire protection inventory covers crucial items like fire protection pipes, sprinkler heads, complete fire suppression systems, related accessories, and specialized fabrication services. Additionally, they provide advanced metering products, including smart meter technology, alongside installation services and software solutions. These specialized materials and services are integral to the construction, maintenance, repair, and replacement of critical water and fire protection infrastructure. Established in 1874, Core & Main is headquartered in St. Louis, Missouri.

Industry
Industrial - Distribution
Sector
Industrials
Headquarters
US
CEO
Mark R. Witkowski
Listed since
Jul 22, 2021
Employees
5,600

Market position

Volume
1.1M
0.46× average
Average volume
2.38M
Average daily volume
Market cap
8.4B USD
Beta
0.92
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
12.6B USD
P/E (TTM)
18.86×
P/B (TTM)
4.14×
P/S (TTM)
1.1×
EV / EBITDA
13.79×
Earnings yield
4.25%
Free cash flow yield
5.82%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
27.06%
Operating margin
9.52%
Net margin
5.87%
Return on equity
22.08%
Return on assets
7.25%
Return on invested capital
10.43%

Financial health

Debt / equity
1.2×
Current ratio
2.63×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends30%20%10%1%Gross margin, FY2021: 25.58%Gross margin, FY2022: 26.99%Gross margin, FY2023: 27.13%Gross margin, FY2024: 26.61%Gross margin, FY2025: 26.93%Operating margin, FY2021: 8.49%Operating margin, FY2022: 11.65%Operating margin, FY2023: 11.04%Operating margin, FY2024: 9.66%Operating margin, FY2025: 9.52%Net margin, FY2021: 3.32%Net margin, FY2022: 5.50%Net margin, FY2023: 5.54%Net margin, FY2024: 5.52%Net margin, FY2025: 5.77%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 25.58%. Gross margin FY2022 26.99%. Gross margin FY2023 27.13%. Gross margin FY2024 26.61%. Gross margin FY2025 26.93%. Operating margin FY2021 8.49%. Operating margin FY2022 11.65%. Operating margin FY2023 11.04%. Operating margin FY2024 9.66%. Operating margin FY2025 9.52%. Net margin FY2021 3.32%. Net margin FY2022 5.50%. Net margin FY2023 5.54%. Net margin FY2024 5.52%. Net margin FY2025 5.77%.

Income trends

Revenue

7.65B USD+2.77%

Operating income

728M USD+1.25%

Net income

441M USD+7.30%
Income trends across reported periods8.4B USD5.4B USD2.41B USD−582.1M USDRevenue, FY2021: 5B USDRevenue, FY2022: 6.65B USDRevenue, FY2023: 6.7B USDRevenue, FY2024: 7.44B USDRevenue, FY2025: 7.65B USDOperating income, FY2021: 425M USDOperating income, FY2022: 775M USDOperating income, FY2023: 740M USDOperating income, FY2024: 719M USDOperating income, FY2025: 728M USDNet income, FY2021: 166M USDNet income, FY2022: 366M USDNet income, FY2023: 371M USDNet income, FY2024: 411M USDNet income, FY2025: 441M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 5B USD. Revenue FY2022 6.65B USD. Revenue FY2023 6.7B USD. Revenue FY2024 7.44B USD. Revenue FY2025 7.65B USD. Operating income FY2021 425M USD. Operating income FY2022 775M USD. Operating income FY2023 740M USD. Operating income FY2024 719M USD. Operating income FY2025 728M USD. Net income FY2021 166M USD. Net income FY2022 366M USD. Net income FY2023 371M USD. Net income FY2024 411M USD. Net income FY2025 441M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue7.65B USD7.44B USD6.7B USD6.65B USD5B USD
Cost of goods sold5.59B USD5.46B USD4.88B USD4.86B USD3.72B USD
Gross profit2.06B USD1.98B USD1.82B USD1.8B USD1.28B USD
Selling, general, and administrative1.15B USD1.08B USD931M USD880M USD717M USD
Operating expenses1.34B USD1.26B USD1.08B USD1.02B USD855M USD
Interest expense142M USD142M USD81M USD66M USD98M USD
Depreciation and amortization186M USD194M USD154M USD148M USD150M USD
Operating income728M USD719M USD740M USD775M USD425M USD
Net income441M USD411M USD371M USD366M USD166M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+3.49%
11 comparable reports
Latest EPS result
0.57
Estimate 0.53 · Beat by 6.74%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.970.740.510.28Q4 '24BeatQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 3, 2024: actual 0.69, estimate 0.655, surprise +5.34%, Beat. Q1 2025, reported Mar 25, 2025: actual 0.33, estimate 0.363, surprise -9.19%, Miss. Q2 2025, reported Jun 10, 2025: actual 0.52, estimate 0.523, surprise -0.57%, Miss. Q3 2025, reported Sep 9, 2025: actual 0.87, estimate 0.776, surprise +12.11%, Beat. Q4 2025, reported Dec 9, 2025: actual 0.72, estimate 0.7, surprise +2.86%, Beat. Q1 2026, reported Mar 24, 2026: actual 0.38, estimate 0.333, surprise +14.18%, Beat. Q2 2026, reported Jun 10, 2026: actual 0.57, estimate 0.534, surprise +6.74%, Beat. Q3 2026, reported Sep 8, 2026: actual —, estimate 0.92, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.22B1.98B1.74B1.5BQ4 '24BeatQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 3, 2024: actual 2.04B USD, estimate 1.99B USD, surprise +2.51%, Beat. Q1 2025, reported Mar 25, 2025: actual 1.7B USD, estimate 1.67B USD, surprise +1.45%, Beat. Q2 2025, reported Jun 10, 2025: actual 1.91B USD, estimate 1.84B USD, surprise +3.62%, Beat. Q3 2025, reported Sep 9, 2025: actual 2.09B USD, estimate 2.12B USD, surprise -1.16%, Miss. Q4 2025, reported Dec 9, 2025: actual 2.06B USD, estimate 2.06B USD, surprise +0.32%, Beat. Q1 2026, reported Mar 24, 2026: actual 1.58B USD, estimate 1.59B USD, surprise -0.51%, Miss. Q2 2026, reported Jun 10, 2026: actual 1.91B USD, estimate 1.89B USD, surprise +0.80%, Beat. Q3 2026, reported Sep 8, 2026: actual —, estimate 2.14B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$24.00

46.52% downside
Past 12 months12-month forecastHigh $24.00Average $24.00Low $24.00

Rating distribution

14 ratings
Strong buy00%
Buy857%
Hold536%
Sell17%
Strong sell00%

CNM news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.0575

2003 complete year-6.4% since 2002

Corporate action history

Dividend

Ex-dividend Jun 3, 2005

$0.0125

Monthly

Record Jun 7, 2005 · Payment Jun 14, 2005

Dividend

Ex-dividend May 4, 2005

$0.08

Monthly

Record May 6, 2005 · Payment May 20, 2005

Dividend

Ex-dividend Apr 5, 2005

$0.08

Monthly

Record Apr 7, 2005 · Payment Apr 22, 2005

Dividend

Ex-dividend Mar 3, 2005

$0.075

Monthly

Record Mar 7, 2005 · Payment Mar 18, 2005

Dividend

Ex-dividend Feb 3, 2005

$0.075

Monthly

Record Feb 7, 2005 · Payment Feb 18, 2005

Dividend

Ex-dividend Jan 5, 2005

$0.075

Monthly

Record Jan 7, 2005 · Payment Jan 21, 2005

CNM peers

ETFs holding CNM

Funds reporting this stock among their holdings, ordered by reported position size.

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