Core & Main, Inc. (CNM) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
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CNM Revenue Growth
Revenue Breakdown (FY 2025)
CNM's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
CNM Revenue Analysis (2019–2025)
As of May 8, 2026, Core & Main, Inc. (CNM) generated trailing twelve-month (TTM) revenue of $7.65 billion, reflecting moderate decline in growth of -6.9% year-over-year. The most recent quarter (Q4 2025) recorded $1.58 billion in revenue, down 23.3% sequentially.
Looking at the longer-term picture, CNM's 5-year compound annual growth rate (CAGR) stands at +16.0%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $7.65 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows CNM's business is primarily driven by Pipes, Valves, And Fitting Products (67%), Storm Drainage Products (16%), and Meter Products (9%). With over half of revenue concentrated in Pipes, Valves, And Fitting Products, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including SITE (+2.8% YoY), IBP (+0.5% YoY), and BLDR (-8.3% YoY), CNM has underperformed the peer group in terms of revenue growth. Compare CNM vs SITE →
CNM Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CNMCurrent | $7.6B | -6.9% | +16.0% | 9.4% | |
 SITE | $4.7B | +2.8% | +11.7% | 5.1% | |
 IBP | $3.0B | +0.5% | +12.4% | 13.0% | |
 BLDR | $15.2B | -8.3% | +12.2% | 5.2% | |
 MSM | $3.8B | +0.3% | +3.4% | 8.3% | |
 FAST | $8.2B | +8.7% | +7.7% | 20.2% |
CNM Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $7.65B | +2.8% | $2.06B | 26.9% | $722.0M | 9.4% |
| 2024 | $7.44B | +11.0% | $1.98B | 26.6% | $719.0M | 9.7% |
| 2023 | $6.70B | +0.8% | $1.82B | 27.1% | $740.0M | 11.0% |
| 2022 | $6.65B | +32.9% | $1.79B | 27.0% | $775.0M | 11.7% |
| 2021 | $5.00B | +37.4% | $1.28B | 25.6% | $425.0M | 8.5% |
| 2020 | $3.64B | +7.5% | $878.0M | 24.1% | $185.0M | 5.1% |
| 2019 | $3.39B | - | $789.0M | 23.3% | $155.0M | 4.6% |
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Start ComparisonCNM — Frequently Asked Questions
Quick answers to the most common questions about buying CNM stock.
Is CNM's revenue growth accelerating or slowing?
CNM revenue declined -6.9% year-over-year, contrasting with the 5-year CAGR of +16.0%. TTM revenue fell to $7.6B. This reverses the prior growth trend.
What is CNM's long-term revenue growth rate?
Core & Main, Inc.'s 5-year revenue CAGR of +16.0% reflects the variable expansion pattern. Current YoY growth of -6.9% is below this long-term average.
How is CNM's revenue distributed by segment?
CNM reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2025 are available for download. Segment mix reveals concentration and diversification trends.