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Core & Main CNM Operating Income

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Other financials

Income statement

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Revenue$1.9B-0.1%
Gross profit$520.0M+2.0%
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$8.67B-28.6%
Enterprise value$10.96B-25.2%
P/E19.3×-8.9×
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:OperatingIncomeLoss.

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
Line itemThree Months Ended / May 3, 2026May 4, 2025
Selling, general and administrative299293
Depreciation and amortization4446
Total operating expenses343339
Operating income177171
Interest expense2730
Income before provision for income taxes150141
Provision for income taxes3736
Net income113105

Item 1. Financial Statements (unaudited)

FAQ

What is Core & Main's operating income?
Core & Main (CNM) reported operating income of $177M in Q1 2026.
How has Core & Main's operating income changed year-over-year?
Core & Main's operating income increased by 3.5% year-over-year, from $171M to $177M.
What is the long-term trend for Core & Main's operating income?
Over 4 years (2021 to 2025), Core & Main's operating income has grown at a 14.2% compound annual growth rate (CAGR), from $425M to $722M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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