CNM Financials Core & Main, Inc.

7 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Sep 13, 2026, 10:14 UTC Overview →

Growth & profitability

Revenue has grown 16.0% per year over the past 5 years.
Net income has grown faster than revenue (65.7% vs 16.0% per year).
Operating margin has expanded, at 9.4% in the latest year.
Free cash flow has grown 24.5% per year over the past 5 years.

Financial health

Total debt ($2.1B) exceeds cash ($220M); net debt is $1.9B.
Total debt has grown slower than revenue (-1.1% vs 16.0% per year).
Operating income covered interest expense 6.0× in the latest year.
Total debt is 2.4× EBITDA.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$7.6B	$462M	26.9%	9.4%	23.1%	7.6%	$604M	$2.1B	$220M
2025	$7.4B	$434M	26.6%	9.7%	25.6%	7.4%	$586M	$2.3B	$8M
2024	$6.7B	$531M	27.1%	11.0%	36.6%	10.5%	$1.0B	$1.9B	$1M
2023	$6.7B	$581M	27.0%	11.7%	33.3%	11.8%	$376M	$1.5B	$177M
2022	$5.0B	$225M	25.6%	8.5%	17.0%	5.1%	-$51M	$1.5B	$1M
2021	$3.6B	$37M	24.1%	5.1%	—	0.9%	$202M	$2.3B	$381M
2020	$3.4B	$36M	23.3%	4.6%	—	—	$180M	—	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Aug '26	$2.1B	$144M	26.7%	10.6%	7.1%	2.1%	$44M	$2.4B	$312M
May '26	$1.9B	$108M	27.2%	9.3%	5.3%	1.7%	$68M	$2.1B	$150M
Nov '25	$2.1B	$137M	27.2%	10.7%	6.9%	2.2%	$263M	$2.2B	$89M
Aug '25	$2.1B	$134M	26.8%	10.2%	7.1%	2.1%	$24M	$2.3B	$25M
May '25	$1.9B	$100M	26.7%	8.9%	5.7%	1.6%	$64M	$2.3B	$8M
Feb '25	—	$87M	—	—	5.1%	1.5%	—	$2.3B	$8M
Oct '24	$2.0B	$133M	26.6%	10.9%	8.0%	2.1%	$252M	$2.4B	$10M
Jul '24	$2.0B	$119M	26.4%	10.4%	7.2%	2.0%	$39M	$2.4B	$13M
Apr '24	$1.7B	$95M	26.9%	9.6%	6.1%	1.6%	$71M	$2.4B	$30M
Jan '24	$1.4B	$223M	26.7%	8.1%	15.4%	4.4%	$289M	$1.9B	$1M
Oct '23	$1.8B	$112M	27.0%	11.9%	6.3%	2.2%	$354M	$1.5B	$101M
Jul '23	$1.9B	$110M	26.9%	12.1%	6.5%	2.2%	$277M	$1.6B	$20M
Apr '23	$1.6B	$86M	27.9%	11.5%	5.3%	1.7%	$110M	$1.6B	$1M
Jan '23	$1.4B	$54M	27.1%	9.0%	3.1%	1.1%	$302M	$1.5B	$177M
Oct '22	$1.8B	$111M	27.5%	12.9%	6.5%	2.1%	$149M	$1.6B	$0
Jul '22	$1.9B	$115M	26.9%	12.7%	7.4%	2.2%	-$32M	$1.6B	$0
May '22	$1.6B	$86M	26.3%	11.3%	6.0%	1.8%	-$43M	$1.5B	$1M
Jan '22	$1.2B	$48M	26.2%	8.7%	3.6%	1.1%	$27M	$1.5B	$1M
Oct '21	$1.4B	$64M	26.4%	10.5%	5.2%	1.5%	$29M	$1.5B	$5M
Aug '21	$1.3B	$27M	25.0%	7.7%	2.5%	0.7%	-$59M	$1.5B	$67M

Valuation over time

How the market has priced CNM against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 7.3× (Mar '23) to 18.0× (Nov '26).
The price-to-sales ratio has risen from 0.6× (Mar '23) to 1.1× (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Frequently asked questions

Is CNM growing its revenue and profit?

Over the past 5 years, Core & Main, Inc.'s revenue has grown 16.0% per year, and net income grown 65.7% per year. These are computed facts, not advice.

How much debt does CNM have?

As of FY2026, Core & Main, Inc. reported $2.1B of total debt against $220M of cash; operating income covered interest expense 6.0×.

What is CNM's profit margin?

In FY2026, gross margin was 26.9%, operating margin 9.4%, and net margin 6.0%.

What is CNM's P/E ratio?

Core & Main, Inc.'s P/E (TTM) is 17.99 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the CNM stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 18.0× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.