Core & Main, Inc. CNM

Industrials SIC 5099 - Wholesale-Durable Goods, NEC NAICS Wholesale Trade › Merchant Wholesalers, Durable Goods › Miscellaneous Durable Goods Merchant Wholesalers derived NYSE

Core & Main, Inc. ("Core & Main" and collectively with its subsidiaries, the "Company," "we," "our" or "us") is a holding company and its primary material assets are its direct and indirect ownership interest in Core & Main Holdings, LP, a Delaware limited partnership ("Holdings"), and deferred tax assets associated with this ownership. Core & Main is a leading specialty distributor dedicated to advancing reliable infrastructure with local service, nationwide. With a focus on water, wastewater, storm drainage and fire protection products, and related services, we provide solutions to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets. Our specialty products and services are used primarily in the maintenance, repair, replacement and new construction of water, wastewater, storm drainage and fire protection infrastructure. We are one of only two national distributors operating across large and highly fragmented markets, which we estimate to represent approximately $44 billion in annual sales.

Last close 41.97 2026-10-23
Market cap $7.91B estimated share count
52-week range 39.41 - 59.66

Valuation FY2025 figures against the last close

P/S1.0x
P/E18.2x
P/FCF13.1x
EV/EBITDA10.8x
Dividend yield—
Diluted EPS2.31

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $7.65B$7.44B$6.70B$6.65B$5.00B$3.64B$3.39B—
Cost of revenue $5.59B$5.46B$4.88B$4.86B$3.72B$2.76B$2.60B—
Gross profit $2.06B$1.98B$1.82B$1.79B$1.28B$878.0M$789.0M—
SG&A $1.15B$1.08B$931.0M$880.0M$717.0M$556.0M$509.0M—
Total operating expenses $1.34B$1.26B$1.08B$1.02B$855.0M$693.0M$634.0M—
Operating income $722.0M$719.0M$740.0M$775.0M$425.0M$185.0M$155.0M—
Interest expense $120.0M$142.0M$81.0M$66.0M$98.0M$139.0M$113.0M—
Pre-tax income $607.0M$577.0M$659.0M$709.0M$276.0M$46.0M$42.0M—
Income tax $145.0M$143.0M$128.0M$128.0M$51.0M$9.0M$6.0M—
Net income $462.0M$434.0M$531.0M$581.0M$225.0M$37.0M$36.0M—
EPS, basic 2.322.142.152.160.57———
EPS, diluted 2.312.132.152.130.55———
Shares, diluted (wtd. avg.) 197.9M201.4M227.8M246.2M244.5M———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $220.0M$8.0M$1.0M$177.0M$1.0M$381.0M$181.0M$37.0M
Receivables $981.0M$986.0M$888.0M$851.0M$784.0M$495.0M——
Inventory $986.0M$908.0M$766.0M$1.05B$856.0M$384.0M——
Total current assets $2.30B$2.02B$1.77B$2.21B$1.77B$1.34B——
Property, plant and equipment $178.0M$168.0M$151.0M$105.0M$94.0M$86.0M——
Goodwill $1.92B$1.90B$1.56B$1.53B$1.51B$1.45B$1.36B—
Other intangibles $823.0M$935.0M$784.0M$795.0M$871.0M$919.0M——
Total assets $6.08B$5.87B$5.07B$4.91B$4.43B$3.92B——
Accounts payable $512.0M$562.0M$504.0M$479.0M$608.0M$326.0M——
Short-term debt $24.0M$24.0M$15.0M$15.0M$15.0M$13.0M——
Total current liabilities $874.0M$866.0M$774.0M$726.0M$839.0M$522.0M——
Long-term debt $2.12B$2.24B$1.86B$1.44B$1.46B$2.25B——
Total liabilities $4.01B$4.10B$3.54B$2.50B$2.60B$3.12B——
Retained earnings $755.0M$449.0M$189.0M$458.0M$92.0M———
Total equity $2.00B$1.70B$1.52B$2.41B$1.83B———

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow $650.0M$621.0M$1.07B$401.0M-$31.0M$214.0M$194.0M—
Depreciation and amortisation $192.0M$194.0M$154.0M$148.0M$150.0M$153.0M$138.0M—
Stock-based compensation $17.0M$14.0M$10.0M$11.0M$25.0M$4.0M$4.0M—
Capital expenditure $46.0M$35.0M$39.0M$25.0M$20.0M$12.0M$14.0M—
Investing cash flow -$145.0M-$788.0M-$270.0M-$152.0M-$203.0M-$229.0M-$234.0M—
Financing cash flow -$293.0M$174.0M-$975.0M-$73.0M-$146.0M$215.0M$184.0M—
Buybacks $155.0M$176.0M$1.34B$0$0———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001856525-26-000046.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B 8B Revenue, FY2019: 3.4B Gross profit, FY2019: 789M Net income, FY2019: 36M Revenue, FY2020: 3.6B Gross profit, FY2020: 878M Net income, FY2020: 37M Revenue, FY2021: 5B Gross profit, FY2021: 1.3B Net income, FY2021: 225M Revenue, FY2022: 6.7B Gross profit, FY2022: 1.8B Net income, FY2022: 581M Revenue, FY2023: 6.7B Gross profit, FY2023: 1.8B Net income, FY2023: 531M Revenue, FY2024: 7.4B Gross profit, FY2024: 2B Net income, FY2024: 434M Revenue, FY2025: 7.6B Gross profit, FY2025: 2.1B Net income, FY2025: 462M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $3.39B $3.64B $5.00B $6.65B $6.70B $7.44B $7.65B
Gross profit — $789.0M $878.0M $1.28B $1.79B $1.82B $1.98B $2.06B
Net income — $36.0M $37.0M $225.0M $581.0M $531.0M $434.0M $462.0M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Other event Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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