Stocktoria

Core & Main, Inc. CNM

NYSE · stock · Wholesale-Durable Goods, NEC · website · IPO 2021-07-23

Core & Main, Inc. statistics & valuation

Market cap$9.5B
P / E21.6×
P / S1.2×
P / B4.6×
Net margin5.8%
Return on equity21.3%
Net debt$1.9B
Net debt / EBITDA2.1×
Enterprise value USD$11.4B
EV / EBITDA12.5×
Earnings yield EBIT/EV6.3%
Return on capital13.9%
Graham number -49.4%$23.34

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($23.34); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
1.00% 3.30% 5.50% 5.50% 5.50% 5.80% 202120222023202420252026
Gross margin (%)
24.10% 25.60% 27.00% 27.10% 26.60% 26.90% 202120222023202420252026
Operating margin (%)
5.10% 8.50% 11.70% 11.00% 9.70% 9.40% 202120222023202420252026
Return on equity (%)
9.10% 15.20% 24.30% 23.20% 21.30% 202120222023202420252026
Shares outstanding
244.5M 246.2M 227.8M 201.4M 197.9M 202120222023202420252026
Net debt ($)
$1.87B $1.46B $1.27B $1.86B $2.23B $1.90B 202120222023202420252026
Share buybacks ($)
202120222023202420252026
Return on assets (%)
0.90% 3.70% 7.50% 7.30% 7.00% 7.20% 202120222023202420252026
Free cash flow margin (%)
202120222023202420252026
Debt / equity (×)
0.80× 0.60× 1.22× 1.26× 1.02× 202120222023202420252026
EPS ($)
$0.55 $2.13 $2.15 $2.13 $2.31 202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Core & Main, Inc. trades at about 20× earnings — below its 10-year norm (10-year range 10.9×–40.9×, median 23.4×).

10.9× 40.9×

Shaded band = 10-year range (10.9×–40.9×); dot = today's 20×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021
Gross margin26.9%26.6%27.1%27.0%25.6%24.1%
Operating margin9.4%9.7%11.0%11.7%8.5%5.1%
Net margin5.8%5.5%5.5%5.5%3.3%1.0%
Return on assets7.2%7.0%7.3%7.5%3.7%0.9%
Return on equity21.3%23.2%24.3%15.2%9.1%—
Debt / equity1.02×1.26×1.22×0.60×0.80×—
Current ratio2.632.342.293.052.112.56

Computed from company filings · US · as of 2026-02-01. Facts plus Stocktoria's own computed scores — not investment advice.