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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. In the quarter to July 2026, revenue grew 2.48%, EPS grew 8.45%, free cash flow grew 83.3% and total debt rose 8.46%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.

41.99 0.20 +0.48%
Market cap
$8.0B
P/E
17.3×
Fwd P/E
19.2×
Dividend yield
—
F-score
7/9
Altman Z
3.62
Beneish M
−2.65
Dividend safety
72/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.20
Total sells 0.26
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — 1 — — 1 — — —
Sell — — — — — 1 — — — — — —
Insider Ownership 1.79%

Capital & Financial Ratios $m

Market Cap 7,960.00
Revenue 7,698.00
Net Income 479.00
Free Cash Flow 628.00
Net Debt 2,137.00
Current Ratio 2.47 (at or above 1.5: strong)
Debt/Equity 1.16
P/E ratio 17.28
Fwd P/E 19.20
P/S ratio 1.02
P/B ratio 3.72
Past 5Y EPS Growth 58.63% (at or above 15%: strong)
This Y EPS Growth 34.48% (at or above 15%: strong)
Next Y EPS Growth 9.98%
Next Y revenue growth 2.51%
Next 5Y EPS Growth 18.20% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.3×, against a ten-year median of 1.3×; over the ten years it ranged from 0.7× in 2022 to 2.0× in 2024.
P/E against its own 10 years 27.36%
10-year low 10-year high
P/S against its own 10 years 46.73%
10-year low 10-year high
P/B against its own 10 years 49.70%
10-year low 10-year high
EV/Sales against its own 10 years 47.26%
10-year low 10-year high
EV/FCF against its own 10 years 41.88%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2026 Powerpack
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 1 8 220 312
Receivables 973 1,066 1,048 1,439
Inventory 766 908 986 1,137
Other — — — —
1,773 2,025 2,302 2,937
2024 2025 2026 Q'26
Payables 504 562 512 815
ST’ Debt 15 24 24 17
Other 94 90 140 190
774 866 874 1,190

Compound Annual Growth %

10y 5y 3y
Sales — 15.99% 4.76%
Cash Flow — 24.88% 17.47%
Earnings — 64.15% 6.41%
Book Value — 20.96% (4.88%)

Revenue $m

Apr Jul Oct Jan Year
’26 1,910 2,145 — — —
’26 1,911 2,093 2,062 1,581 7,647
’25 1,741 1,964 2,038 1,698 7,441
’24 1,574 1,861 1,827 1,440 6,702
’23 1,598 1,861 1,818 1,374 6,651
’22 1,055 1,298 1,405 1,246 5,004
’21 842 956 1,013 832 3,642
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Apr Jul Oct Jan Year
’26 82 62 — — —
’26 77 34 271 268 650
’25 78 48 260 235 621
’24 120 282 373 294 1,069
’23 (37) (23) 154 307 401
’22 (44) (55) 33 35 (31)
’21 (1) 93 61 60 214
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Apr Jul Oct Jan Year
’26 68 44 — — —
’26 64 24 263 253 604
’25 71 39 252 224 586
’24 110 277 354 289 1,030
’23 (42) (32) 149 301 376
’22 (48) (59) 29 27 (51)
’21 (1) 88 59 56 202
Fiscal quarters ending in the months shown.

EPS $

Apr Jul Oct Jan Year
’26 0.57 0.77 — — —
’26 0.52 0.70 0.72 0.37 2.31
’25 0.49 0.61 0.69 0.33 2.13
’24 0.50 0.66 0.65 0.34 2.15
’23 0.50 0.67 0.65 0.31 2.13
’22 0.13 (0.14) 0.39 0.28 0.55
’21 (0.02) 0.10 0.11 0.00 0.23
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to January

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low — — — — 20.00 18.75 19.20 37.22 43.18 39.42

Analyst estimates 2027–2029

Powerpack
High — — — — 32.51 32.54 40.70 62.15 67.18 59.66
People
People Employees — — — — — 4,100 4,500 5,000 5,700 5,600
Revenue/emp, $m — — 0.00 0.00 0.00 1.22 1.48 1.34 1.31 1.37
Income, $m
Income, $m Revenue — — 3,202 3,389 3,642 5,004 6,651 6,702 7,441 7,647
Gross margin, % — — 18.61 23.28 24.11 25.58 26.99 27.13 26.61 26.93
EBT — — 37 42 46 276 709 659 577 607
EBT margin, % — — 1.16 1.24 1.26 5.52 10.66 9.83 7.75 7.94
Net income — 0 37 36 37 225 581 531 434 462
Depreciation — — 122 138 153 150 148 154 194 192
Per share, $
Per share, $ Revenue — — 20.01 21.18 22.76 31.43 39.24 38.78 38.83 40.31
Earnings — — 0.23 0.26 0.23 0.57 2.16 2.15 2.14 2.32
Cash flow — — 0.63 1.21 1.34 (0.19) 2.37 6.18 3.24 3.43
Capex — — 0.00 (0.09) (0.07) (0.13) (0.15) (0.23) (0.18) (0.24)
Free cash flow — — 0.63 1.13 1.26 (0.32) 2.22 5.96 3.06 3.18
Book value — — 0.00 0.00 5.01 11.50 14.22 8.82 9.26 10.93
Shares, m — — 160 160 160 159 169 173 192 190
Valuation, ×
Valuation, × P/E — — 44.44 44.44 44.44 31.64 10.22 19.13 26.37 23.43
P/S — — 0.83 0.83 0.83 0.77 0.56 1.07 1.45 1.35
P/B — — 1.75 1.75 1.75 2.09 1.55 4.69 6.10 4.99
EV/Sales — — 1.21 1.21 1.21 1.06 0.76 1.35 1.76 1.61
EV/FCF — — 30.32 30.32 30.32 (103.89) 13.36 8.75 22.30 20.34
Cash, $m
Cash, $m Operating cash flow — — 101 194 214 (31) 401 1,069 621 650
Capex — — (14) (14) (12) (20) (25) (39) (35) (46)
Free cash flow — — 101 180 202 (51) 376 1,030 586 604
Balance, $m
Balance, $m Working capital — — — 608 815 928 1,485 999 1,159 1,428
Total debt — — — 2,148 2,265 1,471 1,459 1,878 2,261 2,148
Net debt — — — 1,967 1,884 1,470 1,282 1,877 2,253 1,928
Shareholders’ equity — — — — 801 1,831 2,410 1,524 1,774 2,074
Returns, %
Returns, % ROA — — 0.00 0.00 1.89 3.97 7.83 7.44 7.51 7.38
ROIC — — — 4.93 4.31 8.05 13.12 13.60 11.16 11.28
ROE — — 0.00 4.99 5.13 12.61 17.26 18.86 24.92 22.92
Negative figures in brackets.

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Charts ten years each

Core & Main, Inc. vs peers in Industrial Distribution (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
WSO.B Watsco, Inc. $16.0B 24.9× — +2.06% (above 0%: growing) −11.50% (below 0%: shrinking) +17.57% (above 0%: growing) 27.50% 11.32% Compare
WSO Watsco, Inc. $12.4B 25.6× 28.8× +2.06% (above 0%: growing) −11.50% (below 0%: shrinking) +17.57% (above 0%: growing) 27.50% 11.32% Compare
AIT Applied Industrial Technologies, Inc. $12.3B 29.8× 26.7× +10.45% (above 0%: growing) +13.03% (above 0%: growing) +15.02% (above 0%: growing) 30.40% 11.78% Compare
QXO QXO, Inc. $11.6B — (loss-making) — (loss-making) +70.30% (above 0%: growing) n/m −27.62% (below 0%: shrinking) 24.74% (1.29%) Compare
CNM Core & Main, Inc. $8.0B 17.3× 19.2× +2.48% (above 0%: growing) +8.45% (above 0%: growing) +83.33% (above 0%: growing) 26.71% 10.58%
MSM MSC Industrial Direct Company, Inc. $7.3B 31.5× 27.6× +7.82% (above 0%: growing) +41.18% (above 0%: growing) −23.88% (below 0%: shrinking) 41.11% 10.19% Compare
POOL Pool Corporation $6.2B 15.8× 16.7× +2.15% (above 0%: growing) −0.19% (below 0%: shrinking) −27.07% (below 0%: shrinking) 29.66% 14.68% Compare
XMTR Xometry, Inc. $5.7B — (loss-making) — (loss-making) +41.05% (above 0%: growing) n/m −41.54% (below 0%: shrinking) 38.01% (2.42%) Compare
SITE SiteOne Landscape Supply, Inc. $4.1B 25.8× 26.2× +4.73% (above 0%: growing) +9.72% (above 0%: growing) +8.91% (above 0%: growing) 36.88% 12.91% Compare
Median of peers $9.5B 25.7× 26.7× +6.28% +4.77% −7.48% 30.03% 11.32%

All 23 Industrial Distribution stocks →

Core & Main, Inc. (CNM) key facts

  • Strength: Core & Main, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $7.6 billion, up 2.77% from fiscal 2025.
  • Core & Main, Inc. (CNM) is an Industrial Distribution company in the Industrials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, CNM traded at $41.99, a market capitalization of $8.0 billion.
  • Return on equity was 22.9% and debt-to-equity 1.16.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 3.62 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

Core & Main, Inc. (CNM) Latest News

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stockrow.com/CNM · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com