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Friday 6 November 2026 Export CNM’s income statement to Excel — free account

Core & Main, Inc.

CNM Industrials Industrial Distribution

Core & Main, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $7.6 billion, up 2.77% from fiscal 2025.

Revenue
+2.48%
EPS
+8.45%
Free cash flow
+83.3%
Total debt
+8.46%

Quarter to July 2026, against a year earlier

46.85 1.78 −3.66%
Market cap
$8.9B
P/E
19.3×
Fwd P/E
16.8×
Dividend yield
—
F-score
7/9
Altman Z
3.62
Beneish M
−2.65
Dividend safety
72/100
Overview Business Profile Earnings & Analysis
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Core & Main, Inc. (CNM) Gross margin

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Core & Main, Inc.'s gross margin over the twelve months to 31 July 2026 was 27.1%, up 0.1 percentage points from fiscal 2026 (26.9%). Over the past ten years it has ranged from 18.6% (fiscal 2019) to 27.1% (fiscal 2024); the current reading is higher than 75% of that period. That is below the Industrial Distribution industry median of 30.0% and below the Industrials sector median of 30.6%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2026 26.9% 0.32
FY2025 26.6% (0.52)
FY2024 27.1% 0.14
FY2023 27.0% 1.41
FY2022 25.6% 1.47
FY2021 24.1% 0.83
FY2020 23.3% 4.67
FY2019 18.6% —

Quarterly newest first

Period Gross margin Change (points)
Jul 2026 26.7% (0.52)
Apr 2026 27.2% 0.16
Jan 2026 27.1% (0.14)
Oct 2025 27.2% 0.45
22 more quarters

Against its own ten years

Low 18.6% High 27.1%
Ten-year median 26.1%
Current reading's percentile 78

Gross margin against peers

Company Gross margin
MSM MSC Industrial Direct Company, Inc. compare 40.9%
XMTR Xometry, Inc. compare 38.6%
AIT Applied Industrial Technologies, Inc. compare 30.4%
POOL Pool Corporation compare 29.4%
WSO.B Watsco, Inc. compare 27.5%
WSO Watsco, Inc. compare 27.2%
CNM Core & Main, Inc. 27.1%
QXO QXO, Inc. compare 24.0%
WCC WESCO International, Inc. compare 21.5%
Industrial Distribution industry median 30.0%
Industrials sector median 30.6%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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