NYSE : CNM
Core & Main, Inc. — Financial statements
Industrials · Industrial Distribution · United States
Last price 44.25 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 8.43B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Core & Main, Inc. (CNM) reported revenue of 7.70B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year March - February; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 7.70B | 7.65B | 7.44B | 6.70B | 6.65B | 5.00B |
| Cost of Revenue | 5.62B | 5.59B | 5.46B | 4.88B | 4.86B | 3.72B |
| Gross Profit | 2.08B | 2.06B | 1.98B | 1.82B | 1.79B | 1.28B |
| Selling, General & Admin | 1.16B | 1.15B | 1.08B | 931.00M | 880.00M | 712.00M |
| Operating Expenses | 1.34B | 1.34B | 1.26B | 1.08B | 1.02B | 850.00M |
| Operating Income | 742.00M | 722.00M | 719.00M | 740.00M | 775.00M | 430.00M |
| Interest Expense | -118.00M | -120.00M | -142.00M | -81.00M | -66.00M | -98.00M |
| Other Non Operating Income (Expenses) | 3.00M | 5.00M | ||||
| EBT Excluding Unusual Items | 627.00M | 607.00M | 577.00M | 659.00M | 709.00M | 332.00M |
| Other Unusual Items | -56.00M | |||||
| Pretax Income | 627.00M | 607.00M | 577.00M | 659.00M | 709.00M | 276.00M |
| Income Tax Expense | 148.00M | 145.00M | 143.00M | 128.00M | 128.00M | 51.00M |
| Earnings From Continuing Operations | 479.00M | 462.00M | 434.00M | 531.00M | 581.00M | 225.00M |
| Net Income to Company | 479.00M | 462.00M | 434.00M | 531.00M | 581.00M | 225.00M |
| Minority Interest in Earnings | -20.00M | -21.00M | -23.00M | -160.00M | -215.00M | -59.00M |
| Net Income | 459.00M | 441.00M | 411.00M | 371.00M | 366.00M | 166.00M |
| Preferred Dividends & Other Adjustments | 76.00M | |||||
| Net Income to Common | 459.00M | 441.00M | 411.00M | 371.00M | 366.00M | 90.00M |
| Shares Outstanding (Basic) | 188.55M | 189.72M | 191.62M | 172.84M | 169.48M | 159.19M |
| Shares Outstanding (Diluted) | 195.87M | 197.86M | 201.44M | 227.82M | 246.22M | 244.45M |
| EPS (Basic) | 2.43 | 2.32 | 2.14 | 2.15 | 2.16 | 0.57 |
| EPS (Diluted) | 2.42 | 2.31 | 2.13 | 2.15 | 2.13 | 0.55 |
| Free Cash Flow | 628.00M | 604.00M | 586.00M | 1.03B | 376.00M | -51.00M |
| Free Cash Flow Per Share | 3.21 | 3.05 | 2.91 | 4.52 | 1.53 | -0.21 |
| Gross Margin | 27.05% | 26.93% | 26.61% | 27.13% | 26.99% | 25.58% |
| Operating Margin | 9.64% | 9.44% | 9.66% | 11.04% | 11.65% | 8.59% |
| Profit Margin | 5.96% | 5.77% | 5.52% | 5.54% | 5.50% | 1.80% |
| Free Cash Flow Margin | 8.16% | 7.90% | 7.88% | 15.37% | 5.65% | -1.02% |
| EBITDA | 935.00M | 914.00M | 913.00M | 894.00M | 923.00M | 580.00M |
| EBITDA Margin | 12.15% | 11.95% | 12.27% | 13.34% | 13.88% | 11.59% |
| D&A For EBITDA | 193.00M | 192.00M | 194.00M | 154.00M | 148.00M | 150.00M |
| EBIT | 742.00M | 722.00M | 719.00M | 740.00M | 775.00M | 430.00M |
| EBIT Margin | 9.64% | 9.44% | 9.66% | 11.04% | 11.65% | 8.59% |
| Effective Tax Rate | 23.60% | 23.89% | 24.78% | 19.42% | 18.05% | 18.48% |
Balance sheet
Fiscal year March - February; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 312.00M | 220.00M | 8.00M | 1.00M | 177.00M | 1.00M |
| Trading Asset Securities | 10.00M | |||||
| Cash & Short-Term Investments | 312.00M | 230.00M | 8.00M | 1.00M | 177.00M | 1.00M |
| Accounts Receivable | 1.36B | 981.00M | 986.00M | 888.00M | 851.00M | 784.00M |
| Other Receivables | 76.00M | 67.00M | 80.00M | 85.00M | 104.00M | 100.00M |
| Receivables | 1.44B | 1.05B | 1.07B | 973.00M | 955.00M | 884.00M |
| Inventory | 1.14B | 986.00M | 908.00M | 766.00M | 1.05B | 856.00M |
| Prepaid Expenses | 49.00M | 38.00M | 43.00M | 33.00M | 32.00M | 26.00M |
| Total Current Assets | 2.94B | 2.30B | 2.02B | 1.77B | 2.21B | 1.77B |
| Property, Plant & Equipment | 489.00M | 465.00M | 412.00M | 343.00M | 280.00M | 246.00M |
| Long-Term Investments | 48.00M | 6.00M | 40.00M | 66.00M | 84.00M | 31.00M |
| Goodwill | 1.92B | 1.92B | 1.90B | 1.56B | 1.53B | 1.51B |
| Other Intangible Assets | 759.00M | 823.00M | 935.00M | 784.00M | 795.00M | 871.00M |
| Long-Term Deferred Tax Assets | 552.00M | 565.00M | 558.00M | 542.00M | ||
| Other Long-Term Assets | 3.00M | 4.00M | 2.00M | 4.00M | 4.00M | |
| Total Assets | 6.71B | 6.08B | 5.87B | 5.07B | 4.91B | 4.43B |
| Accounts Payable | 815.00M | 512.00M | 562.00M | 504.00M | 479.00M | 608.00M |
| Accrued Expenses | 89.00M | 123.00M | 123.00M | 106.00M | 123.00M | 109.00M |
| Current Portion of Long-Term Debt | 17.00M | 44.00M | 24.00M | 15.00M | 15.00M | 15.00M |
| Current Portion of Leases | 79.00M | 75.00M | 67.00M | 55.00M | 54.00M | 49.00M |
| Other Current Liabilities | 190.00M | 120.00M | 90.00M | 94.00M | 55.00M | 58.00M |
| Total Current Liabilities | 1.19B | 874.00M | 866.00M | 774.00M | 726.00M | 839.00M |
| Long-Term Debt | 2.43B | 2.12B | 2.24B | 1.86B | 1.44B | 1.46B |
| Long-Term Leases | 221.00M | 214.00M | 178.00M | 138.00M | 121.00M | 103.00M |
| Long-Term Deferred Tax Liabilities | 90.00M | 89.00M | 87.00M | 48.00M | 9.00M | 35.00M |
| Other Long-Term Liabilities | 672.00M | 710.00M | 728.00M | 722.00M | 199.00M | 170.00M |
| Total Liabilities | 4.61B | 4.01B | 4.10B | 3.54B | 2.50B | 2.60B |
| Common Stock | 2.00M | 2.00M | 2.00M | 2.00M | 3.00M | 3.00M |
| Additional Paid-In Capital | 1.24B | 1.25B | 1.22B | 1.21B | 1.24B | 1.21B |
| Retained Earnings | 784.00M | 755.00M | 449.00M | 189.00M | 458.00M | 92.00M |
| Comprehensive Income & Other | 3.00M | -6.00M | 27.00M | 46.00M | 45.00M | 16.00M |
| Total Common Equity | 2.03B | 2.00B | 1.70B | 1.45B | 1.75B | 1.32B |
| Minority Interest | 73.00M | 77.00M | 76.00M | 73.00M | 663.00M | 506.00M |
| Shareholders' Equity | 2.10B | 2.07B | 1.77B | 1.52B | 2.41B | 1.83B |
| Total Liabilities & Equity | 6.71B | 6.08B | 5.87B | 5.07B | 4.91B | 4.43B |
| Total Debt | 2.75B | 2.46B | 2.51B | 2.07B | 1.63B | 1.62B |
| Net Cash (Debt) | -2.44B | -2.23B | -2.50B | -2.07B | -1.46B | -1.62B |
| Net Cash Per Share | -12.44 | -11.26 | -12.40 | -9.09 | -5.92 | -6.64 |
| Filing Date Shares Outstanding | 184.19M | 188.07M | 190.06M | 192.15M | 173.02M | 167.52M |
| Total Common Shares Outstanding | 184.44M | 188.77M | 189.82M | 191.66M | 172.77M | 167.52M |
| Working Capital | 1.75B | 1.43B | 1.16B | 999.00M | 1.49B | 928.00M |
| Book Value Per Share | 11.01 | 10.58 | 8.95 | 7.57 | 10.11 | 7.91 |
| Tangible Book Value | -649.00M | -746.00M | -1.14B | -894.00M | -583.00M | -1.06B |
| Tangible Book Value Per Share | -3.52 | -3.95 | -5.98 | -4.66 | -3.37 | -6.33 |
| Land | 38.00M | 38.00M | 38.00M | 24.00M | 23.00M | |
| Buildings | 97.00M | 85.00M | 80.00M | 56.00M | 39.00M | |
| Machinery | 209.00M | 177.00M | 139.00M | 110.00M | 101.00M | |
| Construction In Progress | 7.00M | 10.00M | 5.00M | 3.00M | 6.00M |
Cash flow statement
Fiscal year March - February; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 459.00M | 441.00M | 411.00M | 371.00M | 366.00M | 166.00M |
| Depreciation & Amortization | 193.00M | 192.00M | 194.00M | 154.00M | 148.00M | 150.00M |
| Stock-Based Compensation | 14.00M | 17.00M | 14.00M | 10.00M | 11.00M | 25.00M |
| Other Operating Activities | 53.00M | 49.00M | 44.00M | 167.00M | 215.00M | 94.00M |
| Change in Accounts Receivable | -71.00M | 26.00M | -2.00M | 21.00M | -51.00M | -312.00M |
| Change in Inventory | -73.00M | -70.00M | -36.00M | 328.00M | -149.00M | -440.00M |
| Change in Accounts Payable | 46.00M | -59.00M | 14.00M | 11.00M | -140.00M | 274.00M |
| Change in Other Net Operating Assets | 62.00M | 54.00M | -18.00M | 7.00M | 1.00M | 12.00M |
| Operating Cash Flow | 683.00M | 650.00M | 621.00M | 1.07B | 401.00M | -31.00M |
| Capital Expenditures | -55.00M | -46.00M | -35.00M | -39.00M | -25.00M | -20.00M |
| Sale of Property, Plant & Equipment | 1.00M | |||||
| Cash Acquisitions | -61.00M | -61.00M | -741.00M | -231.00M | -128.00M | -179.00M |
| Other Investing Activities | -40.00M | -38.00M | -12.00M | 1.00M | -5.00M | |
| Investing Cash Flow | -173.00M | -145.00M | -788.00M | -270.00M | -152.00M | -203.00M |
| Long-Term Debt Issued | 150.00M | 1.72B | 665.00M | 244.00M | 1.52B | |
| Total Debt Issued | 979.00M | 150.00M | 1.72B | 665.00M | 244.00M | 1.52B |
| Long-Term Debt Repaid | -267.00M | -1.33B | -250.00M | -259.00M | -2.34B | |
| Total Debt Repaid | -779.00M | -267.00M | -1.33B | -250.00M | -259.00M | -2.34B |
| Net Debt Issued (Repaid) | 200.00M | -117.00M | 391.00M | 415.00M | -15.00M | -819.00M |
| Issuance of Common Stock | 764.00M | |||||
| Repurchase of Common Stock | -365.00M | -155.00M | -176.00M | -1.34B | ||
| Other Financing Activities | -58.00M | -21.00M | -41.00M | -46.00M | -58.00M | -91.00M |
| Financing Cash Flow | -223.00M | -293.00M | 174.00M | -975.00M | -73.00M | -146.00M |
| Net Cash Flow | 287.00M | 212.00M | 7.00M | -176.00M | 176.00M | -380.00M |
| Free Cash Flow | 628.00M | 604.00M | 586.00M | 1.03B | 376.00M | -51.00M |
| Free Cash Flow Margin | 8.16% | 7.90% | 7.88% | 15.37% | 5.65% | -1.02% |
| Free Cash Flow Per Share | 3.21 | 3.05 | 2.91 | 4.52 | 1.53 | -0.21 |
| Levered Free Cash Flow | 477.00M | 464.25M | 359.62M | 845.88M | 191.12M | -138.50M |
| Unlevered Free Cash Flow | 550.75M | 539.25M | 448.38M | 896.50M | 232.38M | -77.25M |
| Cash Interest Paid | 143.00M | 133.00M | 197.00M | 105.00M | 74.00M | 126.00M |
| Cash Income Tax Paid | 50.00M | 79.00M | 143.00M | 116.00M | 147.00M | 55.00M |
| Change in Working Capital | -36.00M | -49.00M | -42.00M | 367.00M | -339.00M | -466.00M |
Ratios
Fiscal year March - February; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 8.43B | 10.07B | 10.73B | 7.60B | 3.74B | 3.93B |
| Enterprise Value | 10.87B | 12.50B | 13.44B | 9.58B | 6.10B | 6.09B |
| Last Close Price | 44.25 | 53.36 | 56.44 | 40.55 | 21.67 | 23.45 |
| PE Ratio | 18.29 | 22.84 | 26.12 | 20.48 | 10.21 | 43.65 |
| Forward PE | 13.95 | 20.33 | 23.42 | 17.68 | 11.12 | 19.08 |
| PS Ratio | 1.10 | 1.32 | 1.44 | 1.13 | 0.56 | 0.79 |
| PB Ratio | 4.02 | 4.86 | 6.05 | 4.99 | 1.55 | 2.15 |
| P/FCF Ratio | 13.42 | 16.68 | 18.32 | 7.38 | 9.94 | |
| P/OCF Ratio | 12.34 | 15.50 | 17.29 | 7.11 | 9.32 | |
| PEG Ratio | 1.67 | 2.31 | 2.80 | 2.02 | 0.42 | 0.20 |
| EV/Sales Ratio | 1.41 | 1.64 | 1.81 | 1.43 | 0.92 | 1.22 |
| EV/EBITDA Ratio | 11.62 | 13.68 | 14.72 | 10.71 | 6.61 | 10.50 |
| EV/EBIT Ratio | 14.64 | 17.32 | 18.69 | 12.94 | 7.87 | 14.17 |
| EV/FCF Ratio | 17.30 | 20.70 | 22.94 | 9.30 | 16.22 | |
| Debt / Equity Ratio | 1.31 | 1.19 | 1.41 | 1.36 | 0.68 | 0.89 |
| Debt / EBITDA Ratio | 2.62 | 2.40 | 2.48 | 2.13 | 1.65 | 2.54 |
| Debt / FCF Ratio | 4.38 | 4.07 | 4.28 | 2.01 | 4.35 | |
| Net Debt / Equity Ratio | 1.16 | 1.07 | 1.41 | 1.36 | 0.60 | 0.89 |
| Net Debt / EBITDA Ratio | 2.61 | 2.44 | 2.74 | 2.31 | 1.58 | 2.80 |
| Net Debt / FCF Ratio | 3.88 | 3.69 | 4.26 | 2.01 | 3.88 | -31.80 |
| Asset Turnover | 1.18 | 1.28 | 1.36 | 1.34 | 1.42 | 1.20 |
| Inventory Turnover | 5.12 | 5.90 | 6.52 | 5.39 | 5.10 | 6.01 |
| Quick Ratio | 1.47 | 1.46 | 1.24 | 1.26 | 1.56 | 1.05 |
| Current Ratio | 2.47 | 2.63 | 2.34 | 2.29 | 3.04 | 2.11 |
| Return on Equity (ROE) | 23.56% | 24.01% | 26.32% | 27.00% | 27.40% | 17.10% |
| Return on Assets (ROA) | 7.13% | 7.55% | 8.22% | 9.27% | 10.37% | 6.43% |
| Return on Invested Capital (ROIC) | 12.67% | 12.82% | 13.75% | 15.98% | 17.35% | 11.19% |
| Return on Capital Employed (ROCE) | 13.40% | 13.90% | 14.40% | 17.20% | 18.50% | 12.00% |
| Earnings Yield | 5.47% | 4.38% | 3.83% | 4.88% | 9.80% | 4.23% |
| FCF Yield | 7.45% | 6.00% | 5.46% | 13.56% | 10.06% | -1.30% |
| Buyback Yield / Dilution | 1.76% | 1.78% | 11.58% | 7.47% | -0.72% | -165.46% |