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CNM · NYSE · Industrial - Distribution

Core & Main

Supplies water, drainage, fire-protection and metering products through local branches.

$42.86

After-hours close−0.16 (−0.37%)

At close$43.02(−1.65%)

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Profile

Core & Main, Inc.CNMIndustrials

Distributes pipes, valves and fittings, storm-drainage products, fire-protection equipment and metering technologies to municipalities, private water companies and contractors. A U.S.-centered branch network combines local project knowledge with national supply scale, while repeated acquisitions broaden geography and technical capabilities.

Distributes pipes, valves and fittings, storm-drainage products, fire-protection equipment and metering technologies for water and related infrastructure. Municipalities, private water companies and professional contractors buy through a U.S.-centered branch network with a developing Canadian presence.

Combines local project knowledge and service with a national supply platform. Pipes, valves and fittings are the economic anchor, while adjacent categories broaden support across municipal, non-residential and residential projects. All categories sit within one reportable segment.

Expands the network through branch openings and repeated acquisitions of local distributors and technical specialists. Performance depends on public and private water-infrastructure spending, contractor activity, supplier and logistics execution, and successful integration of acquired personnel, customer relationships, operations and technology.

Company facts

CEOMark R. Witkowski

ListedJul 23, 2021

ExchangeNYSE

HeadquartersSt. Louis, MO

CountryUnited States

Employees5,700

CIK0001856525

ISINUS21874C1027

Key statistics

Market cap$8.05B

EPS (ttm)$2.35

P/E (ttm)18.31

ROE22.7%

P/B3.97

P/S1.05

Dividend yield—

Beta1.15vs XLI 1.32

Year to date −19.5% · Average volume (30d) 1.8M

Analysts

Price target, next 12 months$24.00−44.2%Median of 14 analysts · vs the Aug 28 close

ConsensusBuy8 of 14 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $43.02

High$24.00−44.2%

Median$24.00−44.2%

Low$24.00−44.2%

12 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Rating	Prior target	Target
Jul 23, 2026	William Blair	Initiate	Market Perform
Jun 11, 2026	Goldman Sachs	Target			$24
Jan 14, 2026	Wells Fargo	Reiterate	Overweight	$57	$65
Jan 9, 2026	RBC Capital	Target		$62	$63
Dec 11, 2025	Deutsche Bank	Reiterate	Buy	$60	$65

Earnings

EPS

Estimate$0.92

ReportedDue Sep 9, 2026

Revenue

Estimate$2.14B

ReportedDue Sep 9, 2026

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Jun 10, 2026Q1 FY26	$0.53	$0.57	+6.7%	$1.89B	$1.91B	+0.8%	+1.25%
Mar 24, 2026Q4 FY25	$0.48	$0.52	+8.3%	$1.59B	$1.58B	−0.5%	−0.02%
Dec 9, 2025Q3 FY25	$0.70	$0.72	+2.9%	$2.06B	$2.06B	+0.3%	+7.06%
Sep 9, 2025Q2 FY25	$0.78	$0.87	+12.1%	$2.12B	$2.09B	−1.2%	−2.29%

View details

Financial highlights

	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26
Revenue	$1.70B	$1.91B	$2.09B	$2.06B	$1.58B	$1.91B
Gross profit	$451.0M	$510.0M	$560.0M	$561.0M	$428.0M	$520.0M
Operating income	$124.0M	$171.0M	$213.0M	$220.0M	$118.0M	$177.0M
Net income	$64.0M	$100.0M	$134.0M	$137.0M	$70.0M	$108.0M
Diluted EPS	$0.34	$0.52	$0.70	$0.72	$0.36	$0.57
Gross margin	26.6%	26.7%	26.8%	27.2%	27.1%	27.2%
Operating margin	7.3%	8.9%	10.2%	10.7%	7.5%	9.3%

Fiscal years (4-quarter sums)FY21 $5.00B · FY22 $6.65B · FY23 $6.70B · FY24 $7.44B · FY25 $7.65B

Revenue by product · Q1 FY26

Pipes, Valves, And Fitting Products$1.27B · 67%

Storm Drainage Products$278.0M · 15%

Meter Products$180.0M · 9%

Fire Protection Products$178.0M · 9%

Balance sheet, May 3, 2026Cash & short-term investments $150.0M · Total debt $2.44B · Total assets $6.32B · Shareholders' equity $2.04B

Dividends

No dividends on record.

Ownership

Institutions 113.62%Insiders 0.66%

A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.

Shares outstanding 187.19M · Float 186.78M · 99.8% free float

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% outstanding	Form	Filed
BlackRock, Inc.	18.36M	9.81%	13F	Aug 7, 2026
Capital World Investors	11.47M	6.13%	13F	Aug 12, 2026
FMR LLC	8.96M	4.79%	13F	Aug 13, 2026
Vanguard Capital Management LLC	8.52M	4.55%	13F	Aug 13, 2026
Vanguard Portfolio Management LLC	8.25M	4.41%	13F	Aug 13, 2026

Insider tradesForm 4

Date	Insider	Role	Shares	Avg price
Jul 6, 2026	James D. Hope	director	+2,067	$46.01
Apr 17, 2026	Robyn L. Bradbury	officer: Chief Financial Officer	−5,000	$52.54
Apr 7, 2026	James D. Hope	director	+1,972	$50.70