Core & Main, Inc. (CNM) Financial Ratios
7 years of historical data (2019–2025) · Industrials · Industrial - Distribution
EV/EBITDA
↑
12.38
-0% vs avg
5yr avg: 12.39
30Y Low7.4·High15.2
P/FCF
↑
15.06
+0% vs avg
5yr avg: 15.00
30Y Low9.0·High19.4
P/B Ratio
↑
4.64
+1% vs avg
5yr avg: 4.58
30Y Low2.2·High6.4
ROE
↑
22.9%
↓+19% vs avg
5yr avg: 19.3%
30Y Low5%·High25%
Debt/EBITDA
↓
2.67
+8% vs avg
5yr avg: 2.46
30Y Low1.8·High7.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CNM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Core & Main, Inc. trades at 21.0x earnings, 13% below its 5-year average of 24.3x, sitting at the 40th percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a discount of 18%. On a free-cash-flow basis, the stock trades at 15.1x P/FCF, roughly in line with the 5-year average of 15.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $9.1B | $10.6B | $11.4B | $9.2B | $5.3B | $5.7B | — | — |
| Enterprise Value | $11.3B | $12.8B | $13.9B | $11.3B | $6.8B | $7.4B | — | — |
| P/E Ratio → | 21.03 | 23.10 | 26.50 | 18.86 | 10.17 | 42.64 | — | — |
| P/S Ratio | 1.19 | 1.38 | 1.53 | 1.38 | 0.80 | 1.15 | — | — |
| P/B Ratio | 4.64 | 5.09 | 6.40 | 6.06 | 2.21 | 3.13 | — | — |
| P/FCF | 15.06 | 17.48 | 19.38 | 8.97 | 14.19 | — | — | — |
| P/OCF | 13.99 | 16.25 | 18.28 | 8.64 | 13.31 | — | — | — |
P/E links to full P/E history page with 30-year chart
CNM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Core & Main, Inc.'s enterprise value stands at 12.4x EBITDA, roughly in line with its 5-year average of 12.4x. The Industrials sector median is 13.9x, placing the stock at a 11% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.67 | 1.86 | 1.69 | 1.02 | 1.47 | — | — |
| EV / EBITDA | 12.38 | 13.98 | 15.17 | 12.65 | 7.36 | 12.79 | — | — |
| EV / EBIT | 15.54 | 17.55 | 19.27 | 15.28 | 8.76 | 19.66 | — | — |
| EV / FCF | — | 21.15 | 23.64 | 10.98 | 18.07 | — | — | — |
CNM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Core & Main, Inc. earns an operating margin of 9.5%, above the Industrials sector average of 4.3%. Operating margins have compressed from 11.0% to 9.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 22.9% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 12.8% represents solid returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.9% | 26.9% | 26.6% | 27.1% | 27.0% | 25.6% | 24.1% | 23.3% |
| Operating Margin | 9.5% | 9.5% | 9.7% | 11.0% | 11.7% | 8.5% | 5.1% | 4.6% |
| Net Profit Margin | 5.8% | 5.8% | 5.5% | 5.5% | 5.5% | 3.3% | 1.0% | 1.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 22.9% | 22.9% | 24.9% | 18.9% | 17.3% | 12.6% | 5.1% | 5.6% |
| ROA | 7.4% | 7.4% | 7.5% | 7.4% | 7.8% | 4.0% | 1.0% | 1.1% |
| ROIC | 12.8% | 12.8% | 13.7% | 14.9% | 15.9% | 10.2% | 5.1% | 4.5% |
| ROCE | 14.3% | 14.3% | 15.5% | 17.5% | 19.9% | 12.1% | 6.0% | 5.6% |
CNM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Core & Main, Inc. carries a Debt/EBITDA ratio of 2.7x, which is moderately leveraged (18% below the sector average of 3.2x). Net debt stands at $2.2B ($2.4B total debt minus $220M cash). Interest coverage of 5.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.18 | 1.18 | 1.41 | 1.36 | 0.68 | 0.89 | 2.99 | 3.35 |
| Debt / EBITDA | 2.67 | 2.67 | 2.74 | 2.32 | 1.77 | 2.82 | 7.08 | 7.33 |
| Net Debt / Equity | — | 1.07 | 1.41 | 1.36 | 0.60 | 0.89 | 2.51 | 3.07 |
| Net Debt / EBITDA | 2.43 | 2.43 | 2.74 | 2.32 | 1.58 | 2.82 | 5.95 | 6.71 |
| Debt / FCF | — | 3.67 | 4.26 | 2.01 | 3.88 | — | 9.96 | 10.93 |
| Interest Coverage | 5.13 | 5.13 | 5.06 | 9.14 | 11.74 | 3.82 | 1.33 | 1.37 |
CNM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Core & Main, Inc.'s current ratio of 2.63x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.51x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.29x to 2.63x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.63 | 2.63 | 2.34 | 2.29 | 3.05 | 2.11 | 2.56 | 2.41 |
| Quick Ratio | 1.51 | 1.51 | 1.29 | 1.30 | 1.60 | 1.09 | 1.83 | 1.63 |
| Cash Ratio | 0.25 | 0.25 | 0.01 | 0.00 | 0.24 | 0.00 | 0.73 | 0.42 |
| Asset Turnover | — | 1.26 | 1.27 | 1.32 | 1.35 | 1.13 | 0.93 | 1.06 |
| Inventory Turnover | 5.67 | 5.67 | 6.01 | 6.38 | 4.64 | 4.35 | 7.20 | 7.74 |
| Days Sales Outstanding | — | 50.02 | 52.29 | 52.99 | 52.41 | 64.48 | 55.82 | 54.28 |
CNM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Core & Main, Inc. returns 1.7% to shareholders annually primarily through share buybacks. The earnings yield of 4.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | 56.5% | 897.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.8% | 4.3% | 3.8% | 5.3% | 9.8% | 2.3% | — | — |
| FCF Yield | 6.6% | 5.7% | 5.2% | 11.1% | 7.0% | — | — | — |
| Buyback Yield | 1.7% | 1.5% | 1.6% | 14.5% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 1.7% | 1.5% | 1.6% | 14.5% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $198M | $201M | $228M | $246M | $244M | $241M | $241M |
Peer Comparison
Compare CNM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CNMYou | $9B | 21.0 | 12.4 | 15.1 | 26.9% | 9.5% | 22.9% | 12.8% | 2.7 |
 SITE | $5B | 32.7 | 15.0 | 19.8 | 34.8% | 5.1% | 9.3% | 7.3% | 2.6 |
 IBP | $6B | 22.5 | 13.5 | 19.5 | 34.0% | 13.0% | 37.5% | 20.7% | 2.1 |
 BLDR | $9B | 20.7 | 10.4 | 10.4 | 29.0% | 5.2% | 10.1% | 6.4% | 4.1 |
 MSM | $7B | 33.2 | 17.6 | 27.5 | 40.8% | 8.3% | 14.2% | 12.3% | 1.3 |
 FAST | $53B | 42.1 | 31.9 | 50.1 | 45.0% | 20.2% | 33.3% | 31.2% | 0.3 |
 WSO | $16B | 32.7 | 22.2 | 30.4 | 28.0% | 9.6% | 15.8% | 16.6% | 0.7 |
 AIT | $12B | 33.4 | 22.7 | 26.9 | 30.3% | 10.9% | 22.2% | 18.7% | 1.0 |
 WCC | $18B | 28.0 | 16.9 | 706.7 | 20.2% | 5.2% | 12.8% | 8.5% | 5.1 |
 MWA | $4B | 21.4 | 13.7 | 23.8 | 36.1% | 18.2% | 21.4% | 19.7% | 1.5 |
 VMI | $11B | 34.0 | 19.7 | 35.8 | 30.2% | 12.7% | 21.6% | 16.3% | 1.7 |
| Industrials Median | — | 25.5 | 13.9 | 20.1 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
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CNM — Frequently Asked Questions
Quick answers to the most common questions about buying CNM stock.
What is Core & Main, Inc.'s P/E ratio?
Core & Main, Inc.'s current P/E ratio is 21.0x. The historical average is 24.3x. This places it at the 40th percentile of its historical range.
What is Core & Main, Inc.'s EV/EBITDA?
Core & Main, Inc.'s current EV/EBITDA is 12.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.4x.
What is Core & Main, Inc.'s ROE?
Core & Main, Inc.'s return on equity (ROE) is 22.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 15.3%.
Is CNM stock overvalued?
Based on historical data, Core & Main, Inc. is trading at a P/E of 21.0x. This is at the 40th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Core & Main, Inc.'s profit margins?
Core & Main, Inc. has 26.9% gross margin and 9.5% operating margin.
How much debt does Core & Main, Inc. have?
Core & Main, Inc.'s Debt/EBITDA ratio is 2.7x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.