Business Wire·Jun 25, 2026
Core & Main Announces Pricing of Senior Notes OfferingST. LOUIS--(BUSINESS WIRE)--Core & Main Announces Pricing of Senior Notes Offering.
Core & Main, Inc.(CNM)Earnings, Financials & Key Ratios
CNM•NYSE
$45.98
19.9× P/E·Price updated Jul 6, 2026
SectorIndustrialsIndustryIndustrial DistributionSub-IndustryElectrical and Utility Products Distribution
AboutCore & Main, Inc. distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, and other related products; fire protection products, including fire protection pipes, sprinkler heads and other devices, fire suppression systems, and related accessories, as well as fabrication services; and meter products, such as smart meter products, installation, software and other services. The company's specialty products and services are used in the maintenance, repair, replacement, and construction of water and fire protection infrastructure. Core & Main, Inc. was founded in 1874 and is headquartered in St. Louis, Missouri.Show more
- Revenue$7.65B+2.8%
- EBITDA$914M+0.1%
- Net Income$441M+7.3%
- EPS (Diluted)2.31+8.5%
- Gross Margin26.93%+1.2%
- EBITDA Margin11.95%-2.6%
- Operating Margin9.52%-1.5%
- Net Margin5.77%+4.4%
- ROE22.92%-8.0%
CNM Price & Volume
Core & Main, Inc. (CNM) stock price & volume — 10-year historical chart
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Cyclical Revenue Headwinds Challenge Inorganic Growth Strategy
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Cyclical municipal funding dependence
Key Thesis Takeaways
- Core & Main demonstrates a resilient ability to maintain gross margins between 26.4% and 27.2% despite significant volatility in municipal infrastructure demand and commodity-linked material costs.
- While the company has successfully reduced its debt-to-equity ratio from 1.60 in 2024Q1 to 1.16 in 2026Q1, investors should monitor the heavy reliance on $1.9 billion in goodwill and the potential for continued operating margin compression.
- Future performance appears contingent on balancing aggressive share repurchases, such as the $88 million buyback in 2026Q1, against the inherent risks of seasonal working capital swings.
Verdict Logic
while the company maintains a healthy liquidity buffer with $150 million in cash as of 2026Q1, the current forward P/E of 21.50 warrants caution given the recent revenue stagnation.
CNM Growth Metrics
Core & Main, Inc. (CNM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years15.99%
3 Years4.76%
TTM4.1%
Profit CAGR
10 Years-
5 Years64.15%
3 Years6.41%
TTM24.38%
EPS CAGR
10 Years-
5 Years72.78%
3 Years2.74%
TTM24.34%
Return on Capital
10 Years12.98%
5 Years15.85%
3 Years15.72%
Last Year14.25%
CNM Recent Earnings
Core & Main, Inc. (CNM) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 7/12 qtrs (58%)
Q3 2026Latest
Jun 10, 2026Metric
Actual
Est
EPS
$0.57+6.7%
$0.53
Rev
$1.9B+0.8%
$1.9B
Q2 2026
Mar 24, 2026Metric
Actual
Est
EPS
$0.38+14.2%
$0.33
Rev
$1.6B-0.5%
$1.6B
Q4 2025
Dec 9, 2025Metric
Actual
Est
EPS
$0.72+2.9%
$0.70
Rev
$2.1B+0.3%
$2.1B
Q4 2025
Sep 9, 2025Metric
Actual
Est
EPS
$0.87+12.1%
$0.78
Rev
$2.1B-1.2%
$2.1B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2026Latest | Jun 10, 2026 | $0.57vs $0.53+6.7% | $1.9Bvs $1.9B+0.8% |
| Q2 2026 | Mar 24, 2026 | $0.38vs $0.33+14.2% | $1.6Bvs $1.6B-0.5% |
| Q4 2025 | Dec 9, 2025 | $0.72vs $0.70+2.9% | $2.1Bvs $2.1B+0.3% |
| Q4 2025 | Sep 9, 2025 | $0.87vs $0.78+12.1% | $2.1Bvs $2.1B-1.2% |
Based on last 12 quarters of dataView full earnings history →
Latest CNM News
Recent stock market news and headlines for Core & Main, Inc. (CNM)
Business Wire·Jun 25, 2026
Core & Main Announces Launch of Senior Notes OfferingST. LOUIS--(BUSINESS WIRE)--Core & Main Announces Launch of Senior Notes Offering.
Zacks Investment Research·Jun 18, 2026
CNM or LECO: Which Is the Better Value Stock Right Now?Investors looking for stocks in the Manufacturing - Tools & Related Products sector might want to consider either Core & Main (CNM) or Lincoln Electric Holdings (LECO). But which of these two companies is the best option for those looking for undervalued stocks?
Zacks Investment Research·Jun 18, 2026
Wall Street Analysts See Core & Main (CNM) as a Buy: Should You Invest?The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Peers Comparison
Key metrics vs top competitors for Core & Main, Inc. (CNM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $45.98 | $8.61B | 19.90 | 2.77% | 5.77% | 22.92% | — | |
| $110.74 | $4.91B | 32.86 | 3.62% | 3.24% | 9.09% | — | |
| $225.74 | $6.08B | 23.25 | 1% | 8.65% | 37.46% | — | |
| $82.33 | $9.11B | 21.16 | -7.38% | 1.97% | 6.92% | — | |
| $121.14 | $6.77B | 33.93 | -1.35% | 5.9% | 16.51% | — | |
| $48.31 | $55.46B | 44.32 | 8.67% | 15.39% | 33.25% | — |
Compare CNM vs Peers
Core & Main, Inc. (CNM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CNM SEC Filings & Documents
Core & Main, Inc. (CNM) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Jun 10, 2026·SEC
Material company update
Apr 10, 2026·SEC
Material company update
Mar 27, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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CNM Frequently Asked Questions
Core & Main, Inc. (CNM) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Core & Main, Inc.'s revenue?
Core & Main, Inc. (CNM) reported $7.65B in revenue for fiscal year 2025. This represents a 126% increase from $3.39B in 2019.
How fast is Core & Main, Inc. growing?
Core & Main, Inc. (CNM) grew revenue by 2.8% over the past year. Growth has been modest.
Is CNM profitable?
Yes, Core & Main, Inc. (CNM) is profitable, generating $449.0M in net income for fiscal year 2025 (5.8% net margin).
Dividend & Returns
What is CNM's return on equity?
Core & Main, Inc. (CNM) has a return on equity (ROE) of 22.9%. This is excellent, indicating efficient use of shareholder capital.
What is Core & Main, Inc.'s free cash flow?
Core & Main, Inc. (CNM) generated $608.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.