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Core & Main, Inc.

Core & Main, Inc.

NYSE•CNM
CEO: Mr. Stephen O. LeClair
Sector: Industrials
Industry: Industrial - Distribution
Listing Date: 2021-07-22
Core & Main, Inc. distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products portfolio include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, erosion control, and other related products; fire protection products, including fire protection pipes, and sprinkler heads and devices, as well as fabrication services; and meter products, such as smart meter products, meter sets, meter accessories, installation, software, and other services. The company's specialty products and services are used in the maintenance, repair, replacement, and construction of water, wastewater, storm drainage, and fire protection infrastructure. Core & Main, Inc. was founded in 1874 and is headquartered in Saint Louis, Missouri.
Contact Information
1830 Craig Park Court, Saint Louis, MO, 63146, United States
314-432-4700
www.coreandmain.com
Market Cap
$10.23B
P/E (TTM)
23.6
25.8
Dividend Yield
--
52W High
$67.18
52W Low
$43.18
52W Range
45%
Rank44Top 40.4%
4.1
F-Score
Modified Piotroski Analysis
Based on 7-year fundamentals
Average • 4.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2018-2024

Financial Dashboard

Q3 2025 Data

Revenue

$2.06B+1.18%
4-Quarter Trend

EPS

$0.72+1.41%
4-Quarter Trend

FCF

$263.00M+4.37%
4-Quarter Trend

2025 Q2 Earnings Highlights

Key Highlights

Net Sales Increased 8.1% Six months net sales reached $4,004M, up $299M, driven by higher volumes and recent acquisitions across key product lines.
Gross Profit Margin Expansion Six months gross profit $1,070M, up 8.5%; margin improved to 26.7% due to gross margin initiatives execution.
EPS Growth Strong Basic EPS grew 10.8% to $1.23 for six months, aided by increased net income and lower Class A share counts.
Net Income Rises Six months net income attributable to Core & Main increased 9.3% to $234M, reflecting operating leverage gains and lower interest.

Risk Factors

Market Cyclicality Exposure Demand tied to municipal, non-residential, and residential construction, subject to cyclical market pressures and funding availability.
Procurement Cost Volatility Financial performance impacted by volatile product procurement costs, including tariffs and logistical challenges affecting timely pricing pass-through.
Interest Rate Fluctuation Risk $2,278M variable rate debt exposes interest expense to rate changes; swaps mitigate some, but risk remains present.
SG&A Expense Inflation Six months SG&A expenses rose 13.3% to $595M, driven by higher personnel costs, inflation, and increased sales volume.

Outlook

Growth via Acquisitions Strategy Pursuing opportunistic strategic asset and business acquisitions to complement organic growth strategy; no current period acquisitions closed.
Liquidity Sufficient Short-Term Current liquidity sources, including $1,135M ABL availability, expected sufficient for next 12 months commitments minimum.
Capital Allocation Flexibility Evaluating capital allocation including debt reduction, share repurchases, and potential future financing for larger acquisitions.
Future Amortization Schedule Estimated aggregate amortization expense on intangibles for Fiscal 2026 projected at $138M, continuing through Fiscal 2029.

Peer Comparison

Revenue (TTM)

WESCO International, Inc.WCC
$22.93B
+5.2%
Stanley Black & Decker, Inc.SWK
$15.17B
-1.4%
Core & Main, Inc.CNM
$7.76B
+8.1%

Gross Margin (Latest Quarter)

Watts Water Technologies, Inc.WTS
48.8%
+1.5pp
Advanced Drainage Systems, Inc.WMS
40.0%
+2.4pp
A. O. Smith CorporationAOS
38.7%
+1.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
WCC$12.23B19.313.2%39.4%
WMS$11.55B25.226.8%35.1%
SWK$11.27B25.14.9%27.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
6.7%
Steady Growth
4Q Net Income CAGR
28.9%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Mar 24, 2026
|
EPS:$0.33
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Nov 2, 2025|Filed: Dec 9, 2025|
    Revenue: $2.06B+1.2%
    |
    EPS: $0.72+1.4%
    Meet

  • Form 10-Q - Q2 2025

    Period End: Aug 3, 2025|Filed: Sep 9, 2025|
    Revenue: $2.09B+6.6%
    |
    EPS: $0.71+14.5%
    Miss

  • Form 10-Q - Q1 2025

    Period End: May 4, 2025|Filed: Jun 10, 2025|
    Revenue: $1.91B+9.8%
    |
    EPS: $0.55+5.8%
    Beat

  • Form 10-K - FY 2024

    Period End: Feb 2, 2025|Filed: Mar 25, 2025|
    Revenue: $7.44B+11.0%
    |
    EPS: $2.14-24.4%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Oct 27, 2024|Filed: Dec 3, 2024|
    Revenue: $2.04B+11.5%
    |
    EPS: $0.71-16.5%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jul 28, 2024|Filed: Sep 4, 2024|
    Revenue: $1.96B+5.5%
    |
    EPS: $0.62-6.1%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Apr 28, 2024|Filed: Jun 4, 2024|
    Revenue: $1.74B+10.6%
    |
    EPS: $0.52-26.8%
    Meet

  • Form 10-K - FY 2023

    Period End: Jan 28, 2024|Filed: Mar 19, 2024|
    Revenue: $6.70B+0.8%
    |
    EPS: $2.83-8.7%
    Beat