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MARKETS / NYSE / CNM
NYSE · WHOLESALE-DURABLE GOODS, NEC · LARGE CAP

Core & Main, Inc. CNM

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$7.6B
▲ 2.8% YoY
$441.0M
▲ 7.3% YoY
$604.0M
▲ 3.1% YoY
In brief

What this company does

Its specialty products and services are used primarily in the maintenance, repair, replacement and new construction of water, wastewater, storm drainage and fire protection infrastructure. As of February 1, 2026, it had a network of over 370 branch locations across the United States and Canada, linking more than 5,000 suppliers with a base of over 60,000 customers. As of February 1, 2026, it employed approximately 5,600 associates, the majority of whom were assigned to local branches to support its customers and their project needs. Its offering consists of pipes, valves and fittings, storm drainage products, fire protection products and smart metering products. Pipes, valves and fittings products accounted for approximately 67% of its net sales in fiscal 2025. Its first legacy distribution company dates back to 1874, and the Company has since grown organically and through a series of mergers and acquisitions. Core & Main was incorporated on April 9, 2021 for the purpose of facilitating its initial public offering and other related transactions in order to carry on the business of Holdings and its consolidated subsidiaries.

Written from the business description in Core & Main, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 24 March 2026. Every sentence was checked against that document before publication.

Growth
USD 7.6B
Revenue, FY2025 · full 7-year series below
Revenue $B Net income $B
FY2025 · Revenue 7.6 · Net income 0.4
4B2019202020212022202320242025
Compound annual growth
+4.8%
+16.0%
+6.4%
+64.2%
+2.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +16.0% a year over five years — but profit grew faster: net income at +64.2%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
6 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 9.4% · Net 6.0%
5%10%2019202020212022202320242025
ROE
FY2025 · ROE 23.9%
10%20%2019202020212022202320242025

Each USD of equity produced 24 cents of profit this year.

Cash & shareholders
USD 155.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 0.6
0.4B0.8B2019202020212022202320242025
Net buybacks $B Dividends $B
FY2025 · Dividends — · Net buybacks 0.2
0.5B1.0B20212022202320242025

USD 155.0M in buybacks — 35% of the year's profit went back to shareholders.

Total assetsUSD 6.1B
EquityUSD 2.0B
CashUSD 220.0M
Gross debtUSD 2.1B
Net debtUSD 1.9B
Current ratio2.63×

Net debt stands at 97% of equity.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B7.67.46.76.75.03.63.4
Operating income $B0.70.70.70.80.40.20.2
EBITDA $B0.90.90.90.90.60.30.3
Income tax $B0.10.10.10.10.10.00.0
Net income $B0.40.40.40.40.20.00.0
Free cash flow $B0.60.61.00.4−0.10.20.2
EPS, diluted $2.312.132.152.130.55··
Dividend / sh $·······
Payout %·······
ROE %23.926.123.223.812.5··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 1 failures in 31 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 64 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente1 failures
ActivityWholesale-Durable Goods, NEC
Listed onNYSE
Incorporated inDelaware
Fiscal year endsJanuary 31
Data on record since2019

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