Core & Main Inc (CNM) FinancialsCNMFinancialCore & Main Inc

Core & Main Inc (CNM) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Pipes, valves & fittings products, accounting for 66.7% of total sales, equivalent to $1.27B. Other significant revenue streams include Storm drainage products and Meter products. Understanding this composition is critical for investors evaluating how CNM navigates market cycles within the Industrial Machinery & Equipment industry.

Evaluating the bottom line, Core & Main Inc maintains a gross margin of 24.92%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at 9.27%, while the net margin is 5.92%. These profitability ratios, combined with a Return on Equity (ROE) of 23.73%, provide a clear picture of how effectively CNM converts its operational activities into shareholder value.

In the context of the broader market, CNM competes directly with industry leaders such as UGI and POOL. With a market capitalization of $8.33B, it holds a leading position in the sector. When comparing efficiency, CNM's gross margin of 24.92% stands against UGI's 32.08% and POOL's 29.66%. Such benchmarking helps identify whether Core & Main Inc is trading at a premium or discount relative to its financial performance.

Core & Main has shown stable revenue with Q1 2026 revenue at $1.91 billion, exceeding expectations, and a gross margin of 24.98%. The company has a forward P/E ratio of 15.6495, suggesting it may be undervalued compared to future earnings.