Full text
Earnings transcript
Read the complete earnings call transcript.
CNM
Core & Main, Inc.
$52.65
0.47
(0.9%)
| Exchange: | NYSE |
| Market Cap: | 9.906B |
| Shares Outstanding: | 240.688M |
Delayed data
About The Company
| Sector: | Industrials | |||||
| Industry: | Industrial – Distribution | |||||
| CEO: | Mark R. Witkowski | |||||
| Full Time Employees: | 5700 | |||||
| Address: |
| |||||
| Website: | https://www.coreandmain.com |
Core & Main, Inc. (CNM) is a leading supplier of vital infrastructure products and services across the United States. The company specializes in providing comprehensive solutions for water, wastewater, storm drainage, and fire protection systems. Their diverse clientele includes local governments (municipalities), privately owned water utilities, and a wide array of professional contractors working on projects in the residential, non-residential (commercial), and public sectors. Core & Main’s extensive product range features essential components such as pipes, valves, hydrants, and fittings. For storm drainage needs, they offer systems including corrugated piping, retention basins, inline drains, manholes, grates, and geosynthetics. Their fire protection inventory covers crucial items like fire protection pipes, sprinkler heads, complete fire suppression systems, related accessories, and specialized fabrication services. Additionally, they provide advanced metering products, including smart meter technology, alongside installation services and software solutions. These specialized materials and services are integral to the construction, maintenance, repair, and replacement of critical water and fire protection infrastructure. Established in 1874, Core & Main is headquartered in St. Louis, Missouri.
Click to read more…
Revenue Segmentation
EPS
Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.
Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
Log in to continue
Log in to read the full transcript and AI-generated earnings summaries.
Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 6,702,000 | 7,441,000 | 7,647,000 |
| Gross Profit | 1,818,000 | 1,980,000 | 2,059,000 |
| EBITDA | 894,000 | 913,000 | 914,000 |
| Operating Income | 740,000 | 719,000 | 728,000 |
| Net Income | 371,000 | 411,000 | 441,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 5,069,000 | 5,870,000 | 6,085,000 |
| Total Liabilities | 3,545,000 | 4,096,000 | 4,011,000 |
| Total Stockholders Equity | 1,451,000 | 1,698,000 | 1,997,000 |
| Total Debt | 2,071,000 | 2,506,000 | 2,437,000 |
| Cash and Cash Equivalents | 1,000 | 8,000 | 220,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 1,069,000 | 621,000 | 650,000 |
| Capital Expenditure | -39,000 | -35,000 | -46,000 |
| Free Cash Flow | 1,030,000 | 586,000 | 604,000 |
| Net Income | 371,000 | 434,000 | 441,000 |
| Net Change in Cash | -176,000 | 7,000 | 212,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 8,868,741.356 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 9,118,694.098 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 9,003,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 1,051,017.569 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 1,080,638.991 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 1,066,928.304 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 836,407.998 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 867,192.432 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 852,943.844 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 1,262,991.128 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 1,298,586.719 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 1,282,110.805 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 4.240 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 4.310 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 4.160 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 3 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
Log in to continue
Log in and subscribe to Full Access to see up to 5 years of analyst estimates.
Login — it's free(* All numbers are in thousands)
Current Key Metrics
Log in to continue
Log in to see all key valuation metrics and ratios for this symbol.
Login — it's freeForward P/E Ratios
Log in to continue
Log in with Full Access for forward P/E high/low estimates and the full multi-year table.
Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: Core & Main reported net sales of $7.65 billion for fiscal year 2025, reflecting strong revenue growth as highlighted in the Q4 and full-year earnings call. This performance indicates a solid market position and operational efficiency, supported by consistent gross profit margins (as per Key Metrics TTM data).
- Strong Cash Flow Generation: The company maintains a healthy free cash flow yield (per Key Metrics TTM), with earnings call summaries emphasizing strong cash flow to support growth initiatives and shareholder returns. This financial flexibility is a key strength for sustaining investments and managing debt.
- Market Share Expansion: As noted in the earnings call transcript, Core & Main has successfully expanded its market share through strategic investments, positioning it favorably within the industry (per Industry and Sector data) and demonstrating competitive resilience.
- Operational Efficiency: High ROIC (Return on Invested Capital) and ROE (Return on Equity) metrics (per Key Metrics TTM) suggest effective use of capital and strong profitability, reinforcing the company’s operational strength.
Log in with Full Access for Weaknesses, Opportunities, Threats, and the complete SWOT.
At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates CNM intrinsic value between $39.42 – $42.86 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about CNM valuation
Is Core & Main, Inc. (CNM) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Core & Main, Inc. (CNM) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is CNM a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether CNM trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is CNM’s P/E ratio?
You can see CNM’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for CNM?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is CNM a good long-term investment?
Whether CNM fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
CNM
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
0.9
Trading Metrics:
| Open: | 52.56 | Previous Close: | 52.18 | |
| Day Low: | 51.89 | Day High: | 53.2 | |
| Year Low: | 43.96 | Year High: | 67.18 | |
| Price Avg 50: | 49.69 | Price Avg 200: | 52.49 | |
| Volume: | 2.351M | Average Volume: | 2.531M |
Log in to continue
Log in for multi-period charts (1W–5Y), period tabs, and the same layout as members.
Login — it's freeCNM full analysis
Hey everyone, welcome back to the channel! Today, we’re diving deep into a comprehensive analysis of Core & Main, Inc., ticker symbol CNM, a key player in the industrial distribution space. If you’re looking to understand whether this stock deserves a spot in your portfolio, stick around because we’re covering everything from financials to valuation, SWOT, and more. Let’s get started! So, what’s the big picture with Core & Main? This isn’t just another industrial stock—it’s a company that’s carved…
