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Core & Main CNM Smart utility products — Net Sales

Other product segments

Pipes, valves & fittings products
$1.27B-1.8%
Storm drainage products
$278M-5.8%
Fire protection products
$178M+17.1%

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Other financials

Income statement

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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

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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

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Operating cash flow$82.0M+6.5%
CapEx$14.0M+7.7%
Free cash flow$68.0M+6.3%

Valuation

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Market cap$8.71B-27.7%
Enterprise value$11B-24.4%
P/E19.4×-8.6×
P/S1.1×-0.4×

Profitability

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Gross margin27.1%+0.5pp
Operating margin9.5%0.0pp
Net margin5.9%+0.4pp
FCF margin8%+0.3pp

Returns & leverage

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Core & Main’s 10-Q, filed June 10, 2026.

Filed
Jun 10, 2026, 7:28 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0001856525-26-000054
Product CategoryThree Months Ended / May 3, 2026May 4, 2025
Pipes, valves & fittings products$1,274$1,297
Storm drainage products278295
Fire protection products178152
Smart utility products180167
Total net sales$1,910$1,911

Item 1. Financial Statements (unaudited)

FAQ

What is Core & Main's smart utility products — net sales?
Core & Main (CNM) reported smart utility products — net sales of $180M in Q1 2026.
How has Core & Main's smart utility products — net sales changed year-over-year?
Core & Main's smart utility products — net sales increased by 7.8% year-over-year, from $167M to $180M.
What is the long-term trend for Core & Main's smart utility products — net sales?
Over 4 years (2021 to 2025), Core & Main's smart utility products — net sales has grown at a 16.3% compound annual growth rate (CAGR), from $391M to $716M.
What does smart utility products — net sales mean?
This metric represents the total revenue generated from the sale of advanced metering infrastructure, smart water meters, and related digital utility management technologies. It reflects the company's ability to capture market share in the transition toward digitized water management and automated utility monitoring systems. This segment is a key indicator of the company's exposure to technological modernization trends within municipal and private water infrastructure projects.

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