CNM · Core & Main, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $2.06B | $2.09B | $1.91B | $2.04B | $1.96B | $1.74B | $1.83B | $1.86B | $1.57B |
| Cost of Revenue | - | $1.50B | $1.53B | $1.40B | $1.50B | $1.45B | $1.27B | $1.33B | $1.36B | $1.14B |
| Gross Profit | - | $561.00M | $560.00M | $510.00M | $543.00M | $518.00M | $468.00M | $494.00M | $501.00M | $439.00M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $295.00M | $302.00M | $293.00M | $274.00M | $268.00M | $257.00M | $240.00M | $238.00M | $223.00M |
| Total Operating Expenses | - | $341.00M | $347.00M | $339.00M | $320.00M | $314.00M | $300.00M | $277.00M | $275.00M | $258.00M |
| D&A | - | $46.00M | $45.00M | $48.00M | $46.00M | $46.00M | $46.00M | $37.00M | $37.00M | $37.00M |
| Operating Income | - | $220.00M | $213.00M | $171.00M | $223.00M | $204.00M | $168.00M | $217.00M | $226.00M | $181.00M |
| Interest Expense | - | $30.00M | $31.00M | $30.00M | $36.00M | $36.00M | $34.00M | $20.00M | $22.00M | $17.00M |
| Income Tax | - | $47.00M | $41.00M | $36.00M | $47.00M | $42.00M | $33.00M | $39.00M | $40.00M | $31.00M |
| Net Income | - | $137.00M | $134.00M | $100.00M | $133.00M | $119.00M | $95.00M | $112.00M | $110.00M | $86.00M |
| EPS - Basic | - | $0.72 | $0.71 | $0.53 | $0.69 | $0.62 | $0.49 | $0.65 | $0.66 | $0.50 |
| EPS - Diluted | - | $0.72 | $0.70 | $0.52 | $0.69 | $0.61 | $0.49 | $0.65 | $0.66 | $0.50 |
Balance Sheet
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $220.00M | $89.00M | $25.00M | $8.00M | $10.00M | $13.00M | $30.00M | $101.00M | $20.00M | $1.00M |
| Accounts Receivable | $981.00M | $1.24B | $1.28B | $1.23B | $1.26B | $1.21B | $1.13B | $1.13B | $1.16B | $1.03B |
| Inventory | $986.00M | $1.02B | $1.06B | $1.07B | $950.00M | $959.00M | $945.00M | $824.00M | $896.00M | $1.03B |
| Accounts Payable | $512.00M | $734.00M | $758.00M | $923.00M | $782.00M | $738.00M | $777.00M | $646.00M | $601.00M | $581.00M |
| Current Assets | $2.30B | $2.51B | $2.51B | $2.44B | $2.38B | $2.32B | $2.22B | $2.17B | $2.18B | $2.17B |
| Total Assets | $6.08B | $6.30B | $6.31B | $6.28B | $6.21B | $6.10B | $6.04B | $5.07B | $5.04B | $4.93B |
| Current Liabilities | $874.00M | $1.11B | $1.12B | $1.25B | $1.11B | $1.01B | $1.04B | $921.00M | $842.00M | $798.00M |
| Long-term Debt | $2.12B | $2.13B | $2.23B | $2.24B | $2.38B | $2.40B | $2.40B | $1.44B | $1.55B | $1.57B |
| Total Liabilities | $4.01B | $4.25B | $4.34B | $4.46B | $4.46B | $4.38B | $4.40B | $2.85B | $2.83B | $2.74B |
| Stockholders' Equity | $2.00B | $1.98B | $1.89B | $1.74B | $1.67B | $1.64B | $1.57B | $1.77B | $1.70B | $1.63B |
| Retained Earnings | $755.00M | $736.00M | $642.00M | $515.00M | $433.00M | $385.00M | $284.00M | $491.00M | $447.00M | $403.00M |
Cash Flow
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | $77.00M | - | - | $78.00M | - | - | $120.00M |
| Investing Cash Flow | - | - | - | ($16.00M) | - | - | ($574.00M) | - | - | ($74.00M) |
| Financing Cash Flow | - | - | - | ($61.00M) | - | - | $525.00M | - | - | ($222.00M) |
| CapEx | - | - | - | $13.00M | - | - | $7.00M | - | - | $10.00M |
| Free Cash Flow | - | - | - | $64.00M | - | - | $71.00M | - | - | $110.00M |
Ratios
| Metric | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 27.2% | 26.8% | 26.7% | 26.6% | 26.4% | 26.9% | 27.0% | 26.9% | 27.9% |
| Operating margin | - | 10.7% | 10.2% | 8.9% | 10.9% | 10.4% | 9.6% | 11.9% | 12.1% | 11.5% |
| EBITDA margin | - | 12.9% | 12.3% | 11.5% | 13.2% | 12.7% | 12.3% | 13.9% | 14.1% | 13.9% |
| Net margin | - | 6.6% | 6.4% | 5.2% | 6.5% | 6.1% | 5.5% | 6.1% | 5.9% | 5.5% |
| Free cash flow margin | - | - | - | 3.3% | - | - | 4.1% | - | - | 7.0% |
| FCF / Net income | - | - | - | 0.64 | - | - | 0.75 | - | - | 1.28 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 14.3% | 14.4% | 15.3% | 13.4% | 13.6% | 14.8% | 13.1% | 12.8% | 14.2% |
| Effective tax rate | - | 25.5% | 23.4% | 26.5% | 26.1% | 26.1% | 25.8% | 25.8% | 26.7% | 26.5% |
| Return on assets | - | 2.2% | 2.1% | 1.6% | 2.1% | 2.0% | 1.6% | 2.2% | 2.2% | 1.7% |
| Return on equity | - | 6.9% | 7.1% | 5.7% | 8.0% | 7.2% | 6.1% | 6.3% | 6.5% | 5.3% |
| Return on invested capital | - | 4.0% | 4.0% | 3.2% | 4.1% | 3.7% | 3.1% | 5.0% | 5.1% | 4.2% |
| Liquidity | ||||||||||
| Current ratio | 2.63 | 2.26 | 2.25 | 1.96 | 2.14 | 2.29 | 2.14 | 2.36 | 2.59 | 2.71 |
| Quick ratio | 1.51 | 1.35 | 1.30 | 1.10 | 1.28 | 1.34 | 1.23 | 1.46 | 1.53 | 1.42 |
| Cash ratio | 0.25 | 0.08 | 0.02 | 0.01 | 0.01 | 0.01 | 0.03 | 0.11 | 0.02 | 0.00 |
| Leverage | ||||||||||
| Debt / Equity | 1.06 | 1.08 | 1.18 | 1.28 | 1.43 | 1.46 | 1.53 | 0.81 | 0.92 | 0.96 |
| Debt / Assets | 0.35 | 0.34 | 0.35 | 0.36 | 0.38 | 0.39 | 0.40 | 0.28 | 0.31 | 0.32 |
| Debt / EBITDA | - | 8.00 | 8.66 | 10.22 | 8.86 | 9.62 | 11.22 | 5.65 | 5.91 | 7.21 |
| Interest coverage | - | 7.3x | 6.9x | 5.7x | 6.2x | 5.7x | 4.9x | 10.8x | 10.3x | 10.6x |
| Equity multiplier | 3.05 | 3.19 | 3.34 | 3.60 | 3.72 | 3.71 | 3.85 | 2.86 | 2.97 | 3.03 |
| Liabilities / Assets | 0.66 | 0.67 | 0.69 | 0.71 | 0.72 | 0.72 | 0.73 | 0.56 | 0.56 | 0.56 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.33 | 0.33 | 0.30 | 0.33 | 0.32 | 0.29 | 0.36 | 0.37 | 0.32 |
| Inventory turnover | - | 1.48 | 1.45 | 1.31 | 1.57 | 1.51 | 1.35 | 1.62 | 1.52 | 1.10 |
| Days sales outstanding | - | 220d | 224d | 235d | 226d | 224d | 236d | 226d | 228d | 239d |
| Days inventory outstanding | - | 247d | 251d | 279d | 232d | 242d | 271d | 226d | 240d | 331d |
| Days payable outstanding | - | 178d | 180d | 240d | 191d | 186d | 223d | 177d | 161d | 187d |
| Cash conversion cycle | - | 289d | 295d | 273d | 267d | 280d | 284d | 275d | 307d | 383d |
| Valuation | ||||||||||
| P / E | - | 72.5x | 89.5x | 103.6x | 65.5x | 87.8x | 117.0x | 45.3x | 49.0x | 52.1x |
| P / B | - | 5.2x | 6.6x | 6.1x | 5.4x | 6.6x | 7.4x | 3.7x | 4.4x | 3.9x |
| P / S | - | 5.0x | 5.9x | 5.6x | 4.5x | 5.5x | 6.7x | 3.6x | 4.0x | 4.0x |
| EV / EBITDA | - | 46.5x | 56.7x | 59.1x | 42.6x | 53.0x | 65.4x | 31.3x | 34.0x | 36.3x |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 1.2% | 6.6% | 9.8% | 11.5% | 5.5% | 10.6% | 0.5% | 0.0% | -1.5% |
| Revenue CAGR (3y) | - | 4.3% | 4.0% | 6.1% | 13.2% | 27.1% | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | 3.3% | 8.1% | 9.0% | 9.9% | 3.4% | 6.6% | -1.2% | 0.0% | 4.3% |
| Operating income growth (YoY) | - | -1.3% | 4.4% | 1.8% | 2.8% | -9.7% | -7.2% | -7.3% | -4.6% | 0.6% |
| Net income growth (YoY) | - | 3.0% | 12.6% | 5.3% | 18.8% | 8.2% | 10.5% | 154.5% | -4.3% | 218.5% |
| EPS growth (YoY) | - | 4.3% | 14.8% | 6.1% | 6.2% | -7.6% | -2.0% | 0.0% | -1.5% | 0.0% |
| EPS CAGR (3y) | - | 3.5% | 1.5% | 1.3% | 38.4% | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | -9.9% | - | - | -35.5% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 14.5% | 18.3% | 14.7% | 11.1% | -5.5% | -3.0% | -3.6% | 3.8% | 9.4% | 13.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-02-01.
Product / service
$7.65B totalPipes Valves And Fitting Products$5.14B · 67.2%
Storm Drainage Products$1.19B · 15.6%
Meter Products$716.00M · 9.4%
Fire Protection Products$600.00M · 7.8%
Peer comparison
Same SIC group: Wholesale-Durable Goods, NEC
Comparing Core & Main against the 2 most active filers in the same SIC group.