undamentalytics Newsletter
Sign in

Core & Main, Inc. key statistics and ratios

In fiscal 2026, Core & Main, Inc. had return on equity of 23.9%, an operating margin of 9.4%, debt equal to 107.6% of equity and a current ratio of 2.63. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2020Feb 20202021Jan 20212022Jan 20222023Jan 20232024Jan 20242025Feb 20252026Feb 2026LTMAug 2026
Gross margin23.3%24.1%25.6%27.0%27.1%26.6%26.9%27.0%
Operating margin4.6%5.1%8.5%11.7%11.0%9.7%9.4%9.6%
Net margin1.1%1.0%3.3%5.5%5.5%5.5%5.8%6.0%
Free-cash-flow margin5.3%5.5%−1.0%5.7%15.4%7.9%7.9%8.2%
Return on equity——12.5%23.8%23.2%26.1%23.9%22.8%
Return on assets—0.9%4.0%7.8%7.4%7.5%7.4%7.2%
Asset turnover—0.931.201.421.341.361.281.20
Current ratio—2.562.113.052.292.342.632.47
Debt to equity——111.0%83.5%129.4%133.2%107.6%122.0%
Interest cover (operating income ÷ interest)1.4x1.3x4.3x11.7x9.1x5.1x6.0x6.3x
Effective tax rate14.3%19.6%18.5%18.1%19.4%24.8%23.9%23.6%
SG&A as % of revenue15.0%15.3%14.3%13.2%13.9%14.5%15.1%15.1%
Capital spending as % of revenue0.4%0.3%0.4%0.4%0.6%0.5%0.6%0.7%
Free cash flow ÷ net income500.0%545.9%−30.7%102.7%277.6%142.6%137.0%136.8%
Dividends and buybacks ÷ free cash flow———0.0%130.5%30.0%25.7%58.1%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 7 checks passed · August 2, 2026
What it owns · $6.7bn
Short-term assets $2.9bnLonger-term assets $3.8bn
What it owes, and who funded it · $6.6bn
Short-term liabilities $1.2bnLonger-term liabilities $3.4bnShareholders' equity $2.0bn
  • Short-term assets cover short-term liabilities $2.9bn of assets due within a year against $1.2bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.9bn short-term assets against $3.4bn of longer-dated liabilities.
  • More cash than debt $312m of cash against $2.4bn of debt.
  • Debt below 40% of shareholders' equity Debt is 121% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 110% to 121% over five years.
  • A year's operating cash flow covers at least 20% of debt $683m of operating cash flow against $2.4bn of debt.
  • Operating profit covers interest at least five times over Operating income of $742m against $118m of interest.

From Core & Main, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

57 /100

Moderate moat

How hard Core & Main's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 16 / 20

    Cash operating profit has been a median 12.5% of total assets over 5 years.

  • Pricing power 10 / 20

    Gross margin has been a median 26.7%, moving by 0.9 percentage points (standard deviation) across 6 years.

  • Durability 11 / 20

    Operating margin has been a median 9.9%; its worst year was 6.3%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 5 of 6 years, at a median 7.7% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (62 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: CNM vs WSOCNM vs RUSHAAER vs CNMCNM vs FAST

More: Trading Companies & Distributors stocks compared, Industrials sector, rankings of US companies

Figures from Core & Main, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Core & Main, Inc.