Core & Main's growth story is shifting from top-line expansion to margin optimization, as revenue growth decelerated to just 2.5% in 2026Q2 while operating margins expanded to 10.6% through SG&A discipline. The company's capital structure remains a key concern...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has decelerated to 2.5% year-over-year in 2026Q2, but operating margin has expanded to 10.6% on a stable gross margin base, highlighting a shift from top-line growth to operational leverage.
CNM benefits from strong public-sector-driven infrastructure spending, which is a key tailwind for the company.
The company is expected to improve its mix and expand margins, contributing to earnings growth.
Successful tuck-in acquisitions could lift revenue per share and justify a premium valuation multiple.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Sep 9, 2026 | $0.94+3.4% vs $0.91 | $2.1B+0.4% vs $2.1B |
Q3 2026 Jun 10, 2026 | $0.57+6.7% vs $0.53 | $1.9B+0.8% vs $1.9B |
Q2 2026 Mar 24, 2026 | $0.38+14.2% vs $0.33 | $1.6B-0.5% vs $1.6B |
Q4 2025 Dec 9, 2025 | $0.72+2.9% vs $0.70 | $2.1B+0.3% vs $2.1B |
Core and Main, Inc. (NYSE: CNM - Get Free Report) shares hit a new 52-week low on Tuesday. The company traded as low as $40.03 and last traded at $40.8160, with a volume of 3011623 shares changing hands. The stock had previously closed at $40.62. Analyst Upgrades and Downgrades CNM has been the subject of
California State Teachers Retirement System lifted its stake in Core and Main, Inc. (NYSE: CNM) by 4,688.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,532,203 shares of the company's stock after acquiring an additional 10,312,269 shares during the quarter. California State
Core & Main Inc (NYSE:CNM) reported upbeat earnings for the second quarter on Wednesday.
Core & Main is upgraded from ‘hold' to a soft ‘buy' after shares fell, making the stock attractively valued both absolutely and relative to peers. CNM maintained guidance for FY2026, projecting revenue of $7.8–$7.9B and EBITDA of $950–$980M, signaling management confidence despite recent earnings misses. Growth was driven by fire protection products and acquisitions, while smart utility and storm drainage segments faced short-term headwinds and tepid performance.
Benchmark CNM against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Core & Main, Inc. (CNM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $42.76 | $8B | 18.51 | 2.77% | 5.77% | 22.92% | — | |
| $93.77 | $4.15B | 27.82 | 3.62% | 3.41% | 9.66% | — | |
| $202.79 | $5.46B | 20.88 | 1% | 8.46% | 37.2% | — | |
| $59.16 | $6.36B | 15.21 | -7.38% | 0.71% | 2.46% | — | |
| $124.10 | $6.93B | 34.76 | -1.35% | 5.9% | 16.51% | — | |
| $50.99 | $58.51B | 46.78 | 8.67% | 15.46% | 34.03% | — |
Core & Main, Inc. (CNM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Core & Main, Inc. (CNM) SEC filings — annual & quarterly reports (10-K, 10-Q)
Sep 9, 2026·SEC
Jun 10, 2026·SEC
Apr 10, 2026·SEC
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Core & Main, Inc. (CNM) stock FAQ — growth, dividends, profitability & financials explained
Core & Main, Inc. (CNM) reported $7.70B in revenue for fiscal year 2025. This represents a 127% increase from $3.39B in 2019.
Core & Main, Inc. (CNM) grew revenue by 2.8% over the past year. Growth has been modest.
Yes, Core & Main, Inc. (CNM) is profitable, generating $459.0M in net income for fiscal year 2025 (5.8% net margin).
Core & Main, Inc. (CNM) has a return on equity (ROE) of 22.9%. This is excellent, indicating efficient use of shareholder capital.
Core & Main, Inc. (CNM) generated $628.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
