Core & Main (CNM) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Core & Main

NYSE•Industrials•Industrial Distribution

$42.61-0.29(-0.01%)Market closed

Market Cap

$7.95B

P/E

17.3x

P/S

1.0x

P/B

3.9x

Core & Main, Inc. engages in the distribution of water, wastewater, storm drainage, and fire protection products and related services in the United States. The company's products portfolio include pipes, valves, hydrants, fittings, and other products and services used for service, repair and replacement of underground water infrastructure; storm drainage products, such as corrugated HDPE and metal piping systems, retention basins, inline drains, manholes, grates, geosynthetics, erosion control, and other related products; fire protection products, including fire protection pipes, valves, fittings, sprinkler heads and other accessories, as well as fabrication and kitting services; smart meter products; and smart metering solutions which include meter accessories, meter installation, network infrastructure and software installation, training, and long-term services, as well as engineered treatment plant products. Its specialty products and services are used in the maintenance, repair, replacement, and construction of water, wastewater, storm drainage, and fire protection infrastructure. The company serves municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets. Core & Main, Inc. was founded in 1874 and is headquartered in Saint Louis, Missouri.

How this company scores

GoodMetricSide Score: 70/100

Strongest: Cash & Earnings Quality (23/25); weakest: Balance Sheet & Red Flags (12/25).

Profitability21/25

Growth14/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality23/25

Strengths

High ROECash-backed earningsConsistent free cash flowProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 17.3x5y range 17.3x – 29.8x

Currently near its 18-quarter median.

P/S · 1.0x5y range 1.0x – 1.5x

Currently near its 18-quarter median.

P/B · 3.9x5y range 3.9x – 6.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $7.95B

Metrics at a Glance

as of August 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $7.70B
Q. Revenue: $2.15B
TTM EBITDA: $923.00M
TTM Op. Income: $742.00M
Q. Op. Income: $227.00M
TTM Net Income: $459.00M
Q. Net Income: $144.00M
EPS: $0.77
Shares Out.: $186.64M

$7.70B in TTM revenue declined 0.5% YoY, reaching $2.15B last quarter. TTM EBITDA of $923.00M and TTM operating income of $742.00M show growth is flowing through to the bottom line. TTM net income of $459.00M means revenue is converting into profit. Over the past year, TTM revenue is down 1% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 26.7%
EBITDA Margin: 12.7%
Op. Margin: 10.6%
Net Margin: 6.7%

Op. margin of 10.6% is up 0.4% YoY — cost efficiency is improving. Net margin at 6.7% and gross margin of 26.7% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 17.3x
P/S Ratio: 1.0x
P/B Ratio: 3.9x

At 17.3x P/E, the stock trades within typical market levels. P/S of 1.0x and P/B of 3.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $6.71B
Cash: $312.00M
Long-Term Debt: $2.43B
Book Value: $2.03B
D/E Ratio: 1.2
Debt/EBITDA: 8.9

With $6.71B in assets and $2.43B in long-term debt, D/E is 1.2and book value is $2.03B — moderate leverage. Over the past year, debt/equity is up 1% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $62.00M
TTM Free Cash Flow: $628.00M
FCF Margin: 8.2%
FCF / Net Income: 1.4

TTM FCF of $628.00M on $62.00M in operating cash flow. The FCF / Net Income ratio of 1.4x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.