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Core & Main CNM Gross margin

Gross margin at other companies

Ferguson Enterprises logo
Ferguson EnterprisesFERG
30.7%+0.1pp
Watts Water Technologies, Inc. logo
Watts Water Technologies, Inc.WTS
49.2%+1.6pp
Advanced Drainage Systems logo
Advanced Drainage SystemsWMS
38.3%+0.6pp
Xylem logo
XylemXYL
38.6%+1.1pp
Zurn Elkay Water Solutions logo
Zurn Elkay Water SolutionsZWS
45.4%0.0pp
Masco logo
MascoMAS
35.4%-0.8pp

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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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

Calculated from Core & Main’s reported figures.

Based on trailing twelve months.

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 gross margin?
Core & Main (CNM) reported gross margin of 27.1% in Q1 2026.
How has Core & Main's gross margin changed year-over-year?
Core & Main's gross margin increased by 1.9% year-over-year, from 26.6% to 27.1%.
What is the long-term trend for Core & Main's gross margin?
Over 5 years (2020 to 2025), Core & Main's gross margin has grown at a 2.2% compound annual growth rate (CAGR), from 24.1% to 26.9%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.