Core & Main, Inc. logo CNM - Core & Main, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 8
HOLD 5
SELL 1
STRONG
SELL 0
| PRICE TARGET: $64.00 DETAILS
HIGH: $65.00
LOW: $63.00
MEDIAN: $64.00
CONSENSUS: $64.00
UPSIDE: 35.39%
Annual Quarterly
Metric 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1
Revenue
Revenue 1,581 2,062 2,093 1,911 1,698 2,038 1,964 1,741 1,440 1,827 1,861 1,574 1,374 1,818 1,861 1,598 1,246 1,404.8 1,298 1,055.1 831.5 1,012.5 955.9 842.1 733.2 952.1 924 779.3
Cost of Revenue 1,153 1,501 1,533 1,401 1,247 1,495 1,446 1,273 1,056 1,333 1,360 1,135 1,001 1,318 1,360 1,177 919 1,034.2 973 798.3 627.7 768.1 725.3 642.9 585.2 759.2 743.2 637.2
Gross Profit 428 561 560 510 451 543 518 468 384 494 501 439 373 500 501 421 327 370.6 325 256.8 203.8 244.4 230.6 199.2 148 192.9 180.8 142.1
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 264 295 302 293 279 274 268 257 230 240 238 223 211 231 230 206 183 187.9 192 153.9 137.4 144.8 136.8 137 126.8 139.3 127.7 114.6
Other Expenses 46 46 45 46 48 46 46 43 38 37 37 35 38 35 34 35 35 35.2 33 33.8 34.3 34.9 34.3 33.5 0 0 0 0
Operating Expenses 310 341 347 339 327 320 314 300 268 277 275 258 249 266 264 241 218 223.1 225 187.7 171.7 179.7 171.1 170.5 126.8 139.3 127.7 114.6
Operating Income
Operating Income 118 220 213 171 124 223 204 168 116 217 226 181 124 234 237 180 108.6 147 100 69 32.1 64.7 59.5 28.7 21.2 53.6 53.1 27.5
Interest Expense 34 30 31 30 36 36 36 34 22 20 22 17 20 16 17 13 12.7 12 37 36 35.2 35.6 35 33.2 33.1 29.2 26.2 25.2
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 164 268 261 219 174 272 253 213 156 244 264 218 162 271 274 216 146 183 87 107 70.8 103.4 98 65.8 54 86.7 83.3 56.8
EBIT 118 220 213 171 124 223 204 168 116 206 226 181 124 234 237 180 108.3 146 50 69 32.1 64.7 59.5 28.7 21.2 53.6 53.1 27.5
Income Before Tax 94 190 182 141 88 187 168 134 94 197 204 164 104 218 220 167 95.6 134 13 33 (3.1) 29.1 24.5 (4.5) (11.9) 24.4 26.9 2.3
Income Tax Expense 21 47 41 36 21 47 42 33 18 39 40 31 20 40 38 30 16.8 25 3 6 (5.2) 7.5 6.4 0.3 0.4 (0.2) 0.1 0.2
Net Income 70 137 134 100 64 133 119 95 63 112 110 86 54 111 115 86 47.7 64 27 27 2.1 21.6 18.1 (4.8) (12.3) 24.6 26.8 2.1
Per Share Data
EPS (Basic) 0.38 0.72 0.71 0.55 0.35 0.71 0.62 0.52 0.39 0.85 0.66 0.71 -0.48 0.94 0.98 0.74 0.29 0.60 0.19 0.11 0.01 0.09 0.08 -0.02 -0.08 0.15 0.17 0.01
EPS (Diluted) 0.36 0.72 0.70 0.52 0.34 0.69 0.59 0.49 0.33 0.65 0.48 0.50 -0.34 0.65 0.67 0.50 0.19 0.39 0.11 0.11 0.01 0.09 0.08 -0.02 -0.08 0.15 0.17 0.01
Shares Outstanding 190.2 190.2 191.2 189.8 190.1 193.9 192.8 192.2 181.3 171.0 167.3 171.6 172.5 170.0 167.9 167.7 161.8 159.0 139.0 240.9 240.7 240.7 240.7 240.7 160.1 160.1 160.1 160.1
Metric 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2019 Q4
Current Assets
Cash & Cash Equivalents 220 89 25 8 8 10 13 30 1 101 20 1 177 (163) (166) 1 1 4.9 66.6 320.2 380.9 180.9
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 1,048 1,342 1,357 1,319 1,066 1,378 1,294 1,200 973 1,215 1,231 1,098 955 1,273 1,264 1,113 884 946.1 832.9 716.1 557 504
Inventory 986 1,016 1,056 1,069 908 950 959 945 766 824 896 1,030 1,047 1,148 1,166 1,063 856 721.2 593.2 509.2 383.8 336.1
Other Current Assets 48 60 72 48 43 43 52 48 33 31 35 0 32 163 166 0 0 0 0 0 0.4 17.1
Total Current Assets 2,302 2,507 2,510 2,444 2,025 2,381 2,318 2,223 1,773 2,171 2,182 2,166 2,211 2,455 2,461 2,202 1,767 1,696.9 1,508.3 1,562.8 1,337.1 1,038.1
Non-Current Assets
Property, Plant & Equipment 465 455 450 439 412 387 369 366 343 326 314 299 280 268 267 252 246 249.4 226.4 227.4 214.7 210.9
Goodwill 1,920 1,918 1,898 1,899 1,898 1,884 1,843 1,845 1,561 1,552 1,552 1,536 1,535 1,537 1,527 1,517 1,515 1,515.4 1,452.5 1,122.5 1,453 1,032.3
Intangible Assets 823 847 867 901 935 964 954 971 784 782 811 798 795 822 824 844 871 899.3 861.7 890.5 919 916
Long-Term Investments 0 0 0 28 40 0 54 91 67 82 85 76 0 103 65 (41) 31 (97.7) (87.8) 0 0 0
Other Non-Current Assets 10 2 2 1 2 44 1 (1) (1) 3 4 5 88 108 69 79 35 19.8 4.4 0 0 2.1
Total Non-Current Assets 3,783 3,793 3,796 3,834 3,845 3,834 3,780 3,818 3,296 2,896 2,857 2,763 2,698 2,735 2,687 2,692 2,667 2,683.9 2,545 2,240.4 2,587 2,161.3
Total Assets 6,085 6,300 6,306 6,278 5,870 6,215 6,098 6,041 5,069 5,067 5,039 4,929 4,909 5,190 5,148 4,894 4,434 4,380.8 4,053.3 3,803.2 3,924 3,199.4
Current Liabilities
Account Payables 512 734 758 923 562 782 738 777 504 646 601 581 479 701 826 859 608 613.3 564.9 532.5 326 267.6
Short-Term Debt 24 24 24 24 24 23 23 23 15 15 15 15 15 15 15 15 15 15 15 13 13 52.8
Deferred Revenue 0 0 0 0 0 0 0 0 0 100 74 0 0 0 0 0 35 122.9 91.4 86.5 0 0
Other Current Liabilities 263 275 262 229 213 246 190 177 200 106 96 147 178 40 38 142 23 42.1 27.4 0.3 22 58.1
Total Current Liabilities 874 1,107 1,117 1,246 866 1,114 1,012 1,038 774 921 842 798 726 987 1,079 1,066 839 842.6 744.8 694.1 522 430.4
Non-Current Liabilities
Long-Term Debt 2,124 2,129 2,234 2,239 2,237 2,384 2,404 2,401 1,863 1,436 1,554 1,571 1,444 1,537 1,592 1,510 1,456 1,459 1,462 2,251.5 2,252 2,011.1
Deferred Tax Liabilities 89 89 88 87 87 85 84 92 48 48 48 40 9 6 31 41 35 97.7 87.8 31.6 232 1.8
Other Non-Current Liabilities 710 713 702 689 728 724 732 721 722 317 253 205 199 198 167 164 170 112.7 111.9 28.9 31 31
Total Non-Current Liabilities 3,137 3,138 3,227 3,211 3,230 3,351 3,366 3,359 2,771 1,931 1,984 1,939 1,773 1,851 1,904 1,822 1,764 1,779.5 1,760.5 2,410 2,601 2,127.5
Total Liabilities 4,011 4,245 4,344 4,457 4,096 4,465 4,378 4,397 3,545 2,852 2,826 2,737 2,499 2,838 2,983 2,888 2,603 2,622.1 2,505.3 3,104.1 3,123 2,557.9
Stockholders' Equity
Common Stock 2 2 2 2 2 2 2 2 2 2 3 3 3 3 3 3 3 2.5 2.4 699.1 801 641.5
Retained Earnings 755 736 642 515 449 433 385 284 189 491 447 403 458 404 298 180 92 44.4 (20) 0 0 0
Accumulated Other Comprehensive Income (6) (6) (1) 7 27 23 32 63 46 49 49 41 45 55 33 39 16 7.7 (0.8) 0 0 0
Total Stockholders' Equity 1,997 1,977 1,886 1,744 1,698 1,671 1,644 1,570 1,451 1,769 1,695 1,628 1,747 1,704 1,550 1,436 1,325 1,223.3 1,071.9 699.1 801 641.5
Total Liabilities & Equity 6,085 6,300 6,306 6,278 5,870 6,215 6,098 6,041 5,069 5,067 5,039 4,929 4,909 5,190 5,148 4,894 4,434 4,380.8 4,053.3 3,803.2 3,924 3,199.4
Debt Metrics
Total Debt 2,437 2,434 2,534 2,529 2,506 2,628 2,634 2,630 2,071 1,635 1,754 1,764 1,634 1,715 1,773 1,682 1,623 1,632.8 1,621.2 2,407.7 2,393.4 2,147.5
Net Debt 2,217 2,345 2,509 2,521 2,498 2,618 2,621 2,600 2,070 1,534 1,734 1,763 1,457 1,878 1,939 1,681 1,622 1,627.9 1,554.6 2,087.5 2,012.5 1,966.6
Metric 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Operating Activities
Net Income 66 150 134 105 67 153 119 95 63 158 164 133 84 178 115 137 78.8 109.3 4.1 27 0.5 21.6 18.1 (4.8)
Depreciation & Amortization 48 48 48 48 50 49 47 46 38 39 38 37 38 37 37 36 37.7 37.1 37.5 38 38.7 38.7 38.5 37.1
Stock-Based Compensation 3 4 5 5 3 4 4 3 2 3 3 2 2 2 4 3 2.8 2.7 18.5 1 0.9 1.1 1 1
Change in Working Capital 146 60 (167) (88) 113 60 (139) (76) 180 167 72 (52) 173 (58) (243) (211) (76.4) (113.2) (166) (110) 20.9 (0.6) 34.8 (36.1)
Other Non-Cash Items (3) (4) 10 4 (2) (10) 14 8 (94) 6 (150) 123 10 (5) 64 (2) (8.6) (3.8) (0.7) 1.5 (1.2) (0.3) 2 1.6
Operating Cash Flow 268 271 34 77 235 260 48 78 294 373 282 120 307 154 (23) (37) 35.2 32.9 (56.6) (42.5) 59.8 61 94.4 (1.2)
Investing Activities
Capital Expenditure (15) (8) (10) (13) (11) (8) (9) (7) (5) (19) (5) (10) (5) (5) (9) (6) (8) (3.9) (4.1) (4) (3.7) (2.6) (2.9) (2.8)
Acquisitions (29) (32) 0 0 (19) (126) (32) (564) (83) 1 (87) (64) (14) (72) (36) (6) (6.8) (172.2) 0.3 0.1 0.2 (11.1) 1.6 (207.7)
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.2 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (30) (3) (2) (3) (1) (5) (3) (3) 0 0 2 0 0 0 0 1 0.2 0.1 (5.2) 0 (0.2) 0.1 0.1 0
Investing Cash Flow (74) (43) (12) (16) (31) (139) (44) (574) (88) (18) (90) (74) (19) (77) (45) (11) (14.4) (176) (9) (3.9) (3.6) (13.6) (1.2) (210.5)
Financing Activities
Net Debt Issuance (6) (106) (6) 1 (147) (21) 2 555 426 (118) (19) 126 (94) (55) 81 53 (4.6) (4) (826) (3) (3.2) (3.3) (213.3) 456.8
Stock Repurchased (58) (50) 39 (39) (55) (100) (21) 0 (726) (145) (141) (332) 0 0 0 0 0 0 0 0 0 (0.8) 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 19.5 (8.4) (11.1) 0 0 (6.6) (0.2)
Other Financing Activities 1 (8) (38) (23) (4) (3) (2) (30) (6) (9) (13) (16) (17) (22) (14) (5) (20.8) (31.2) (11.9) (0.2) (5.1) (2.2) (7.9) 0.6
Financing Cash Flow (63) (164) (5) (61) (206) (124) (21) 525 (306) (274) (173) (222) (111) (77) 67 48 (24.8) 81.1 (188) (14.3) (8.3) (6.3) (227.8) 457.2
Cash Position
Net Change in Cash 131 64 17 0 (2) (3) (17) 29 (100) 81 19 (176) 177 0 (1) 0 (3.9) (61.7) (253.6) (60.7) 48 41.1 (134.6) 245.5
Cash at Beginning 89 25 8 8 10 13 30 1 101 20 1 177 0 0 1 1 4.9 66.6 320.2 380.9 332.9 291.8 426.4 180.9
Cash at End 220 89 25 8 8 10 13 30 1 101 20 1 177 0 0 1 1 4.9 66.6 320.2 380.9 332.9 291.8 426.4
Free Cash Flow 253 263 24 64 224 252 39 71 289 354 277 110 302 149 (32) (43) 27.2 29 (60.7) (46.5) 56.1 58.4 91.5 (4)
Key Metrics 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1
Income Statement
Revenue 1,581 2,062 2,093 1,911 1,698 2,038 1,964 1,741 1,440 1,827 1,861 1,574 1,374 1,818 1,861 1,598 1,246 1,404.8 1,298 1,055.1 831.5 1,012.5 955.9 842.1 733.2 952.1 924 779.3
Gross Profit 428 561 560 510 451 543 518 468 384 494 501 439 373 500 501 421 327 370.6 325 256.8 203.8 244.4 230.6 199.2 148 192.9 180.8 142.1
Operating Income 118 220 213 171 124 223 204 168 116 217 226 181 124 234 237 180 108.6 147 100 69 32.1 64.7 59.5 28.7 21.2 53.6 53.1 27.5
Net Income 70 137 134 100 64 133 119 95 63 112 110 86 54 111 115 86 47.7 64 27 27 2.1 21.6 18.1 (4.8) (12.3) 24.6 26.8 2.1
EPS (Diluted) 0.36 0.72 0.70 0.52 0.34 0.69 0.59 0.49 0.33 0.65 0.48 0.50 -0.34 0.65 0.67 0.50 0.19 0.39 0.11 0.11 0.01 0.09 0.08 -0.02 -0.08 0.15 0.17 0.01
Balance Sheet
Cash & Equivalents 220 89 25 8 8 10 13 30 1 101 20 1 177 (163) (166) 1 1 4.9 66.6 320.2 380.9 180.9
Total Assets 6,085 6,300 6,306 6,278 5,870 6,215 6,098 6,041 5,069 5,067 5,039 4,929 4,909 5,190 5,148 4,894 4,434 4,380.8 4,053.3 3,803.2 3,924 3,199.4
Total Debt 2,437 2,434 2,534 2,529 2,506 2,628 2,634 2,630 2,071 1,635 1,754 1,764 1,634 1,715 1,773 1,682 1,623 1,632.8 1,621.2 2,407.7 2,393.4 2,147.5
Stockholders' Equity 1,997 1,977 1,886 1,744 1,698 1,671 1,644 1,570 1,451 1,769 1,695 1,628 1,747 1,704 1,550 1,436 1,325 1,223.3 1,071.9 699.1 801 641.5
Cash Flow
Operating Cash Flow 268 271 34 77 235 260 48 78 294 373 282 120 307 154 (23) (37) 35.2 32.9 (56.6) (42.5) 59.8 61 94.4 (1.2)
Capital Expenditure (15) (8) (10) (13) (11) (8) (9) (7) (5) (19) (5) (10) (5) (5) (9) (6) (8) (3.9) (4.1) (4) (3.7) (2.6) (2.9) (2.8)
Free Cash Flow 253 263 24 64 224 252 39 71 289 354 277 110 302 149 (32) (43) 27.2 29 (60.7) (46.5) 56.1 58.4 91.5 (4)