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Core & Main CNM Q2 2025 earnings

Reported September 4, 2024 · Before market open

Revenue estimate$2.1B
EPS estimate$0.74

Next report

Sep 8, 2026 (in 3 months)
Revenue estimate$2.1B
EPS estimate$0.77

Financials

Q2 2025

Income statement

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Revenue$2.1B+6.6%
Gross profit$560.0M+8.1%
Operating income$213.0M+4.4%
Net income$134.0M+12.6%
EPS (diluted)$0.70+14.8%

Balance sheet

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Cash & equivalents$25.0M+92.3%
Total debt$2.5B-3.8%
Total equity$1.9B+14.7%
Total assets$6.3B+3.4%

Cash flow

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Operating cash flow$34.0M-29.2%
CapEx$10.0M+11.1%
Free cash flow$24.0M-38.5%

Valuation & ratios

Q2 2025

Valuation

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Market cap$12.07B+17.4%
Enterprise value$14.58B+13.0%
P/E28×+1.6×
P/S1.6×+0.1×

Profitability

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Gross margin26.7%-0.1pp
Operating margin9.4%-0.7pp
Net margin5.6%0.0pp
FCF margin7.3%-3.5pp

Returns & leverage

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Return on equity24.4%+1.1pp
Debt / equity1.3×-0.3×
Current ratio2.2×0.0×

Segments

By product

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Pipes, valves & fittings products$1.4B+7.6%
Storm drainage products$335.0M+9.5%
Smart utility products$173.0M-7.0%
Fire protection products$155.0M+8.4%

Versus estimates

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Questions, answered.

When did Core & Main report Q2 2025 earnings?
Core & Main (CNM) reported Q2 2025 earnings on September 4, 2024 before market open.
What were Core & Main's Q2 2025 revenue and EPS?
Core & Main reported revenue of $2.0B and diluted EPS of $0.67 for Q2 2025.
Did Core & Main beat estimates in Q2 2025?
Revenue missed the consensus estimate of $2.1B by $90.6M. EPS missed the consensus estimate of $0.74 by $0.07.
Where can I find Core & Main's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001856525-24-000111) directly on SEC EDGAR. The filing index links above go to sec.gov.