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Core & Main CNM Payments pursuant to Tax Receivable Agreements

Payments pursuant to Tax Receivable Agreements at other companies

Carvana logo
CarvanaCVNA
$37M+118%
Evercore logo
EvercoreEVR
$667K+11.7%
Blackstone logo
BlackstoneBX
$63.82M+45.2%
Nextpower Inc.
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Nextpower Inc. NXT
$24.48M+57.8%
Tradeweb Markets Inc. logo
Tradeweb Markets Inc.TW
$719K-76.5%
Dutch Bros logo
Dutch BrosBROS
$921K+1,197%

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
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 cnm:PaymentsPursuantToTaxReceivableAgreements.

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 payments pursuant to tax receivable agreements?
Core & Main (CNM) reported payments pursuant to tax receivable agreements of $42M in Q1 2026.
How has Core & Main's payments pursuant to tax receivable agreements changed year-over-year?
Core & Main's payments pursuant to tax receivable agreements increased by 133.3% year-over-year, from $18M to $42M.
What does payments pursuant to tax receivable agreements mean?
Cash payments made to former owners based on realized tax savings.
How do you interpret payments pursuant to tax receivable agreements?
Payments are generally tied to the company's tax position; higher payments indicate successful utilization of tax assets.
How does payments pursuant to tax receivable agreements compare across companies?
Specific to companies that went public via structures like an Up-C; not applicable to standard corporate structures.