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Core & Main CNM Debt-to-equity

Debt-to-equity at other companies

Ferguson Enterprises logo
Ferguson EnterprisesFERG
-0.1×
Watts Water Technologies, Inc. logo
Watts Water Technologies, Inc.WTS
0.1×0.0×
Advanced Drainage Systems logo
Advanced Drainage SystemsWMS
0.0×
Xylem logo
XylemXYL
0.2×0.0×
Zurn Elkay Water Solutions logo
Zurn Elkay Water SolutionsZWS
0.3×0.0×
Flowserve logo
FlowserveFLS
0.9×0.0×

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$9.09B-4.9%
Enterprise value$11.39B-5.7%
P/E20.3×-2.7×
P/S1.2×-0.1×

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
Current ratio2.3×+0.4×

Where this comes from

Calculated from Core & Main’s reported figures.

Based on the most recent quarter.

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 debt-to-equity?
Core & Main (CNM) reported debt-to-equity of 1.2× in Q1 2026.
How has Core & Main's debt-to-equity changed year-over-year?
Core & Main's debt-to-equity decreased by 17.4% year-over-year, from 1.5× to 1.2×.
What is the long-term trend for Core & Main's debt-to-equity?
Over 5 years (2020 to 2025), Core & Main's debt-to-equity has grown at a -16.4% compound annual growth rate (CAGR), from 3× to 1.2×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.