What is Core & Main's change in AP?

Core & Main (CNM) reported change in AP of $301M in Q1 2026.

How has Core & Main's change in AP changed year-over-year?

Core & Main's change in AP decreased by 16.6% year-over-year, from $361M to $301M.

What does change in AP mean?

The net change in cash retained by delaying payments to suppliers.

How do you interpret change in AP?

An increase is generally positive for cash flow, but may signal changing payment terms or potential liquidity stress if excessive.

How does change in AP compare across companies?

Standard metric for evaluating supply chain financing and vendor relationship management.

Core & Main CNM Change in AP

Change in AP at other companies

Advanced Drainage SystemsWMS

$31.37M—

XylemXYL

-$61M+4.7%

Zurn Elkay Water SolutionsZWS

$33.9M+45.5%

MascoMAS

-$31M+66.3%

FlowserveFLS

-$32.39M-92.1%

Antero Midstream CorporationAM

$6.35M+501%

Other financials

Income statement

See full

Revenue$1.9B-0.1%

Gross profit$520.0M+2.0%

Operating income$177.0M+3.5%

Net income$108.0M+8.0%

EPS (diluted)$0.57+9.6%

Balance sheet

See full

Cash & equivalents$150.0M+1,775%

Total debt$2.4B-3.4%

Total equity$2.0B+17.0%

Total assets$6.3B+0.7%

Cash flow

See full

Operating cash flow$82.0M+6.5%

CapEx$14.0M+7.7%

Free cash flow$68.0M+6.3%

Valuation

See full

Market cap$9.09B-4.9%

Enterprise value$11.39B-5.7%

P/E20.3×-2.7×

P/S1.2×-0.1×

Profitability

See full

Gross margin27.1%+0.5pp

Operating margin9.5%0.0pp

Net margin5.9%+0.4pp

FCF margin8%+0.3pp

Returns & leverage

See full

Return on equity23.7%-1.4pp

Debt / equity1.2×-0.3×

Current ratio2.3×+0.4×

Where this comes from

Reported directly by Core & Main in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsPayable.

The official record: Core & Main’s 10-Q, filed June 10, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Core & Main's change in AP?: Core & Main (CNM) reported change in AP of $301M in Q1 2026.
How has Core & Main's change in AP changed year-over-year?: Core & Main's change in AP decreased by 16.6% year-over-year, from $361M to $301M.
What does change in AP mean?: The net change in cash retained by delaying payments to suppliers.
How do you interpret change in AP?: An increase is generally positive for cash flow, but may signal changing payment terms or potential liquidity stress if excessive.
How does change in AP compare across companies?: Standard metric for evaluating supply chain financing and vendor relationship management.