What are Core & Main's profit margins?

Core & Main (CNM) runs a 27.1% gross margin and a 9.5% operating margin, with a 5.9% net margin.

Where do Core & Main's ratios come from?

Every ratio is computed from Core & Main's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Core & Main CNM Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	27.1%+0.5pp	26.9%+0.3pp	26.8%+0.2pp	26.7%-0.1pp	26.6%-0.3pp
Operating margin	9.5%0.0pp	9.4%-0.2pp	9.4%-0.5pp	9.4%-0.7pp	9.5%-1.1pp
Net margin	5.9%+0.4pp	5.8%+0.2pp	5.6%-0.1pp	5.6%0.0pp	5.5%-0.1pp
EBITDA margin	12%0.0pp	12%-0.3pp	11.9%-0.6pp	12%-0.6pp	12.1%-0.9pp
Free cash flow margin	8%+0.3pp	7.9%0.0pp	7.4%-1.7pp	7.3%-3.5pp	7.6%-6.8pp
Returns
Return on equity	23.7%-1.4pp	23.9%-2.2pp	23.8%0.0pp	24.4%+1.1pp	25.1%+1.3pp
Return on assets	7.1%+0.4pp	7.4%-0.1pp	7%-0.3pp	6.9%0.0pp	6.8%-0.2pp
Return on invested capital	12.9%+0.1pp	13.1%-0.9pp	12.8%-1.4pp	12.8%-1.5pp	12.8%-2.4pp
Efficiency
Asset turnover	1.2×0.0×	1.3×-0.1×	1.2×0.0×	1.2×0.0×	1.2×0.0×
Inventory turnover	5.1×-0.4×	5.9×-0.6×	5.8×-0.2×	5.6×+0.1×	5.6×+0.5×
Liquidity
Current ratio	2.3×+0.4×	2.6×+0.3×	2.3×+0.1×	2.2×0.0×	2×-0.2×
Quick ratio	1.3×+0.2×	1.5×+0.2×	1.3×+0.1×	1.3×0.0×	1.1×-0.1×
Cash ratio	0.1×+0.1×	0.3×+0.2×	0.1×+0.1×	0×0.0×	0×0.0×
Leverage
Debt-to-equity	1.2×-0.3×	1.2×-0.3×	1.2×-0.3×	1.3×-0.3×	1.5×-0.2×
Debt-to-assets	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Net debt / EBITDA	2.5×-0.3×	2.4×-0.3×	2.5×-0.4×	2.7×-0.3×	2.7×-0.2×
Interest coverage	6.2×+1.0×	6×+1.0×	5.7×+0.2×	5.5×-0.8×	5.2×-2.2×
Per Share
Book value per share	$10.43+18.8%	$10.09+19.7%	$9.99+20.3%	$9.51+17.2%	$8.78+13.3%
Valuation
Market capitalization	$9.47B-4.9%	$10.07B-6.1%	$9.95B+16.6%	$12.07B+17.4%	$9.96B-2.7%
Enterprise value	$11.77B-5.7%	$12.29B-7.1%	$12.3B+10.2%	$14.58B+13.0%	$12.48B-2.8%
Price / earnings	21.1×-2.8×	22.8×-3.3×	22.9×+2.1×	28×+1.6×	23.9×-3.0×
Price / sales	1.2×-0.1×	1.3×-0.1×	1.3×+0.1×	1.6×+0.1×	1.3×-0.2×
Price / book	4.6×-1.1×	5×-1.3×	5×-0.1×	6.4×+0.1×	5.7×-0.8×
EV / EBITDA	12.8×-0.8×	13.4×-1.0×	13.3×+0.9×	15.7×+1.1×	13.6×-0.8×
EV / sales	1.5×-0.1×	1.6×-0.2×	1.6×0.0×	1.9×0.0×	1.6×-0.2×
Free cash flow yield	6.4%+0.6pp	6%+0.5pp	5.8%-1.8pp	4.7%-2.7pp	5.8%-3.9pp
Earnings yield	4.7%+0.6pp	4.4%+0.5pp	4.4%-0.4pp	3.6%-0.2pp	4.2%+0.5pp
PEG ratio	2.7×+0.1×	3.1×+0.7×	3.8×+2.2×	2.6×-0.8×	2.5×-4.5×

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Questions, answered.

What are Core & Main's profit margins?: Core & Main (CNM) runs a 27.1% gross margin and a 9.5% operating margin, with a 5.9% net margin.
Where do Core & Main's ratios come from?: Every ratio is computed from Core & Main's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.