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Core & Main CNM Operating margin

Operating margin at other companies

Ferguson Enterprises logo
Ferguson EnterprisesFERG
8.7%-0.1pp
Advanced Drainage Systems logo
Advanced Drainage SystemsWMS
20.7%-1.1pp
Xylem logo
XylemXYL
14.5%+2.1pp
Watts Water Technologies, Inc. logo
Watts Water Technologies, Inc.WTS
19.1%+1.4pp
Mueller Water Products logo
Mueller Water ProductsMWA
19.2%+3.7pp
Zurn Elkay Water Solutions logo
Zurn Elkay Water SolutionsZWS
20.8%+4.7pp

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$8.67B-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
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 source filing: Core & Main’s 10-Q, filed June 10, 2026. Open the filing →

Filed
Jun 10, 2026, 7:28 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0001856525-26-000054

FAQ

What is Core & Main's operating margin?
Core & Main (CNM) reported operating margin of 9.5% in Q1 2026.
How has Core & Main's operating margin changed year-over-year?
Core & Main's operating margin increased by 0.4% year-over-year, from 9.5% to 9.5%.
What is the long-term trend for Core & Main's operating margin?
Over 5 years (2020 to 2025), Core & Main's operating margin has grown at a 13.2% compound annual growth rate (CAGR), from 5.1% to 9.4%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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