Core & Main, Inc. (CNM)
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.
Sector: Wholesale-Durable Goods, NEC
Industry: Industrial - Distribution
Core & Main, Inc.
NYSE:CNMIndustrials · Industrial - Distribution
-0.62%$44.87
CLOSED · Nov 3Prev close$45.15-0.62%Close$44.870.00%AH close$44.87
AH$44.87+0.00%vs close
Mkt Cap$8.28B
Float183.31M
O/S184.44M
VOL1.35M sh
$ Vol$60.71M
RVOL0.76×
Inst Own-
SI6.3%
Dilution
Financials Summary
Revenue$7.65B
Net Income$441M
Total Assets$6.08B
Free Cash Flow$604M
Debt & Equity
Debt 55%
Equity 45%
Total Debt$2.44B
Total Equity$2B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CNM's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$6.08B
Liabilities$4.01B
Accounts Receivable$1.05B
Accounts Payable$512M
Inventory$986M
PP&E (Net)$465M
Goodwill$1.92B
Intangible Assets$823M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-02-01 | 2025-02-02 | 2024-01-28 | 2023-01-29 | 2022-01-30 | 2021-01-31 | 2020-01-31 | 2019-01-31 |
| Revenue | $7.65B | $7.44B | $6.7B | $6.65B | $5B | $3.64B | $3.39B | $3.2B |
| YoY Growth | 2.8% | 11.0% | 0.8% | 32.9% | 37.4% | 7.5% | 5.9% | - |
| Cost of Revenue | $5.59B | $5.46B | $4.88B | $4.86B | $3.72B | $2.76B | $2.6B | $2.49B |
| Gross Profit | $2.06B | $1.98B | $1.82B | $1.79B | $1.28B | $878M | $789M | $708.1M |
| Gross Margin | 26.9% | 26.6% | 27.1% | 27.0% | 25.6% | 24.1% | 23.3% | 22.1% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.15B | $1.08B | $931M | $880M | $717M | $556M | $509M | $457.7M |
| Other | $183M | $183M | $147M | $140M | $138M | $137M | $125M | $112M |
| Total Operating Expenses | $1.34B | $1.26B | $1.08B | $1.02B | $855M | $693M | $634M | $569.7M |
| Operating Income (EBIT) | $728M | $719M | $740M | $775M | $425M | $185M | $155M | $138.4M |
| Operating Margin | 9.5% | 9.7% | 11.0% | 11.7% | 8.5% | 5.1% | 4.6% | 4.3% |
| Interest Expense | $142M | $142M | $81M | $66M | $98M | $139M | $113M | $101.1M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$121M | -$142M | -$81M | -$66M | -$149M | -$139M | -$113M | -$101.1M |
| Income Before Tax (EBT) | $607M | $577M | $659M | $709M | $276M | $46M | $42M | $37.3M |
| Income Tax Expense | $145M | $143M | $128M | $128M | $51M | $9M | $6M | $700K |
| Net Income | $441M | $411M | $371M | $366M | $166M | $37M | $36M | $36.6M |
| Net Income Margin | 5.8% | 5.5% | 5.5% | 5.5% | 3.3% | 1.0% | 1.1% | 1.1% |
| Supplementary Data | ||||||||
| EPS | 2.32 | 2.14 | 2.83 | 3.10 | 0.84 | 0.15 | 0.15 | 0.23 |
| Diluted EPS | 2.31 | 2.13 | 2.15 | 2.13 | 0.55 | 0.15 | 0.15 | 0.23 |
| Weighted Average OS | 190.21M | 191.62M | 172.84M | 169.48M | 159.19M | 240.69M | 240.69M | 160.07M |
| EBITDA | $920M | $913M | $894M | $924M | $524M | $338M | $293M | $260.7M |
| EBITDA Margin | 12.0% | 12.3% | 13.3% | 13.9% | 10.5% | 9.3% | 8.6% | 8.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-02-01 | 2025-02-02 | 2024-01-28 | 2023-01-29 | 2022-01-30 | 2021-01-31 | 2020-01-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $220M | $8M | $1M | $177M | $1M | $380.9M | $180.9M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $220M | $8M | $1M | $177M | $1M | $380.9M | $180.9M |
| Accounts Receivable | $1.05B | $1.07B | $973M | $955M | $884M | $557M | $504M |
| Inventory | $986M | $908M | $766M | $1.05B | $856M | $383.8M | $336.1M |
| Other Current Assets | $48M | $43M | $33M | $32M | $0 | $400K | $0 |
| Total Current Assets | $2.3B | $2.02B | $1.77B | $2.21B | $1.77B | $1.34B | $1.04B |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $465M | $412M | $343M | $280M | $246M | $214.7M | $210.9M |
| Goodwill | $1.92B | $1.9B | $1.56B | $1.53B | $1.51B | $1.45B | $1.03B |
| Intangible Assets | $823M | $935M | $784M | $795M | $871M | $919M | $916M |
| Long-Term Investments | $0 | $40M | $67M | $84M | -$35M | $0 | $0 |
| Deferred Tax Assets | $565M | $558M | $542M | $9M | $35M | $0 | $0 |
| Other Long-Term Assets | $10M | $2M | -$1M | -$5M | $35M | $0 | $2.1M |
| Total Long-Term Assets | $3.78B | $3.85B | $3.3B | $2.7B | $2.67B | $2.59B | $2.16B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $6.08B | $5.87B | $5.07B | $4.91B | $4.43B | $3.92B | $3.2B |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $512M | $562M | $504M | $479M | $608M | $326M | $267.6M |
| Short-Term Debt | $24M | $24M | $15M | $15M | $15M | $13M | $13M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $31M | $13.6M | $11.1M |
| Current Unearned Revenue | $0 | $0 | $0 | $9M | $0 | $0 | $94M |
| Other Current Liabilities | $140M | $213M | $200M | $46M | $166M | $22M | -$15M |
| Total Current Liabilities | $874M | $866M | $774M | $726M | $839M | $522M | $430.4M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $2.12B | $2.24B | $1.86B | $1.44B | $1.46B | $2.25B | $2.01B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $89M | $87M | $48M | $9M | $35M | $232M | $1.8M |
| Other Long-Term Liabilities | $710M | $728M | $722M | $199M | $170M | $31M | $31M |
| Total Long-Term Liabilities | $3.14B | $3.23B | $2.77B | $1.77B | $1.76B | $2.6B | $2.13B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.01B | $4.1B | $3.54B | $2.5B | $2.6B | $3.12B | $2.56B |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $2M | $2M | $2M | $3M | $3M | $801M | $641.5M |
| Retained Earnings | $755M | $449M | $189M | $458M | $92M | $0 | $0 |
| Comprehensive Income & Other | -$6M | $27M | $46M | $45M | $16M | $0 | $0 |
| Other Stockholders' Equity | $1.24B | $1.25B | $1.26B | $1.29B | $1.23B | $0 | $0 |
| Total Equity | $2B | $1.7B | $1.45B | $1.75B | $1.32B | $801M | $641.5M |
| Minority Interest | $77M | $76M | $73M | $663M | $506M | $0 | $0 |
| Total Liabilities and Equity | $6.01B | $5.79B | $5B | $4.25B | $3.93B | $3.92B | $3.2B |
| Supplementary Data | |||||||
| Total Debt | $2.44B | $2.51B | $2.07B | $1.63B | $1.62B | $2.39B | $2.15B |
| Net Debt | $2.22B | $2.5B | $2.07B | $1.46B | $1.62B | $2.01B | $1.97B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-02-01 | 2025-02-02 | 2024-01-28 | 2023-01-29 | 2022-01-30 | 2021-01-31 | 2020-01-31 | 2019-01-31 |
| Operating Activities | ||||||||
| Net Income | $441M | $434M | $371M | $581M | $225M | $44.5M | $36M | $36.6M |
| Depreciation & Amortization | $192M | $194M | $154M | $148M | $150M | $153M | $138M | $122.3M |
| Deferred Income Tax | $28M | $13M | $0 | -$857M | $0 | -$4M | $4M | $0 |
| Stock-Based Compensation | $17M | $14M | $10M | $11M | $25M | $4M | $4M | $4M |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | $26M | -$2M | $21M | -$51M | -$312M | -$28M | $3.2M | -$36.6M |
| Inventory | -$70M | -$36M | $328M | -$149M | -$440M | -$27M | -$2M | -$31.4M |
| Accounts Payable | -$59M | $14M | $11M | -$140M | $274M | $40M | $15M | $2.5M |
| Other Working Capital | $54M | -$18M | $7M | $1M | $12M | $34M | -$5.2M | $3.3M |
| Total Working Capital Change | -$49M | -$42M | $367M | -$339M | -$466M | $19M | $11M | -$62.2M |
| Other Non-Cash Items | $21M | $8M | $167M | $857M | $35M | -$2.5M | $1M | $200K |
| Net Cash from Operating | $650M | $621M | $1.07B | $401M | -$31M | $214M | $194M | $100.9M |
| Investing Activities | ||||||||
| Capital Expenditures | -$46M | -$35M | -$39M | -$25M | -$20M | -$11.9M | -$14M | -$13.9M |
| Acquisitions | -$61M | -$741M | -$231M | -$128M | -$179M | -$217.2M | -$220M | -$8.3M |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$5M | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$38M | -$12M | $0 | $1M | $1M | $200K | $0 | $600K |
| Net Cash from Investing | -$145M | -$788M | -$270M | -$152M | -$203M | -$228.9M | -$234M | -$21.6M |
| Financing Activities | ||||||||
| Debt Repaid | $117M | -$391M | -$415M | $15M | $837M | -$237M | -$513M | $17.7M |
| Common Stock Issuance | $0 | $0 | $0 | $1M | $664M | $0 | $400K | $1M |
| Common Stock Repurchases | -$155M | -$176M | -$1.34B | $0 | $0 | $0 | -$200K | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | -$20.9M | -$323.1M | -$25.4M |
| Other Financing Activities | -$21M | -$41M | -$46M | -$57M | $40M | -$1.1M | -$5.9M | $0 |
| Net Cash from Financing | -$293M | $174M | -$975M | -$73M | -$146M | $215M | $184M | -$42.1M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $212M | $7M | -$176M | $176M | -$380M | $200M | $144M | $37.2M |
| Supplementary Data | ||||||||
| Operating Cash Flow | $650M | $621M | $1.07B | $401M | -$31M | $214M | $194M | $100.9M |
| Capital Expenditure | -$46M | -$35M | -$39M | -$25M | -$20M | -$11.9M | -$14M | -$13.9M |
| Free Cash Flow | $604M | $586M | $1.03B | $376M | -$51M | $202M | $180M | $87M |
| Cash at Beginning | $8M | $1M | $177M | $1M | $381M | $180.9M | $37M | $100K |
| Cash at End | $220M | $8M | $1M | $177M | $1M | $380.9M | $181M | $37.3M |