CNM Stock Analysis: Core & Main | NYSE
Industrial Distribution | NYSE, USA | Market Cap: 8.876m USD | 12M Return: -26.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 137M
EPS Trend: 26.8%
Qual. Beats: 0
Rev. Trend: 95.0%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 4.9 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Core & Main, Inc. (NYSE: CNM) is a U.S. distributor specializing in water, wastewater, storm drainage, and fire protection products and related services. Its portfolio spans pipes, valves, hydrants, fittings, HDPE and metal piping, geosynthetics, smart metering solutions, and engineered treatment plant products, with supporting fabrication, kitting, and installation services. The company sells primarily to municipalities, private water utilities, and professional contractors across municipal, non-residential, and residential end markets. Founded in 1874 and headquartered in Saint Louis, Missouri, Core & Main went public on the NYSE in July 2021 and is classified within the Industrials sector, Trading Companies & Distributors sub-industry. As a specialized infrastructure distributor, its revenue is closely tied to U.S. municipal capital spending, water main replacement cycles, and non-residential construction activity.
- IIJA infrastructure funding boosts municipal pipe demand
- Housing starts decline pressures residential segment volumes
- Steel and PVC input costs compress distribution margins
- Smart meter adoption expands higher-margin services revenue
| Net Income: 449.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 0.39 > 1.0 |
| NWC/Revenue: 18.98% < 20% (prev 15.74%; Δ 3.24% < -1%) |
| CFO/TA 0.10 > 3% & CFO 655.0m > Net Income 449.0m |
| Net Debt (2.59b) to EBITDA (944.0m): 2.75 < 3 |
| Current Ratio: 2.31 > 1.5 & < 3 |
| Outstanding Shares: last quarter (195.7m) vs 12m ago -1.52% < -2% |
| Gross Margin: 27.06% > 18% (prev 26.57%; Δ 0.49% > 0.5%) |
| Asset Turnover: 121.3% > 50% (prev 121.2%; Δ 0.11% > 0%) |
| Interest Coverage Ratio: 6.19 > 6 (EBIT TTM 755.0m / Interest Expense TTM 122.0m) |
| A: 0.23 (Total Current Assets 2.56b - Total Current Liabilities 1.11b) / Total Assets 6.32b |
| B: 0.12 (Retained Earnings 786.0m / Total Assets 6.32b) |
| C: 0.12 (EBIT TTM 755.0m / Avg Total Assets 6.30b) |
| D: 0.48 (Book Value of Equity 2.04b / Total Liabilities 4.21b) |
| Altman-Z'' = 3.22 = A |
| DSRI: 0.95 (Receivables 1.26b/1.32b, Revenue 7.65b/7.61b) |
| GMI: 0.98 (GM 26.57% / 27.06%) |
| AQI: 0.96 (AQ_t 0.52 / AQ_t-1 0.54) |
| SGI: 1.00 (Revenue 7.65b / 7.61b) |
| TATA: -0.03 (NI 449.0m - CFO 655.0m) / TA 6.32b) |
| Beneish M = -3.11 (Cap -4..+1) = AA |
As of July 14, 2026, the stock is trading at USD 44.74 with a total of 1,479,619 shares traded. Over the past week, the price has changed by -2.70%, over one month by -6.03%, over three months by -16.47% and over the past year by -26.90%.
Current recommended Stop Loss: 42.60 (which is 4.8% or 1.2 ATR below the current price).
Core & Main has received a consensus analysts rating of 4.07. Therefore, it is recommended to buy CNM.
- StrongBuy: 6
- Buy: 4
- Hold: 3
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 60.6 | 35.4% |
P/E Trailing = 19.4322
P/E Forward = 17.2117
P/S = 1.1608
P/B = 4.2082
P/EG = 1.3878
Revenue TTM = 7.65b USD
EBIT TTM = 755.0m USD
EBITDA TTM = 944.0m USD
Long Term Debt = 2.12b USD (from longTermDebt, last quarter)
Short Term Debt = 101.0m USD (from shortTermDebt, last quarter)
Debt = 2.74b USD (from shortLongTermDebtTotal, last quarter) + Leases 300.0m
Net Debt = 2.59b USD (calculated: Debt 2.74b - CCE 150.0m)
Enterprise Value = 11.5b USD (8.88b + Debt 2.74b - CCE 150.0m)
Interest Coverage Ratio = 6.19 (Ebit TTM 755.0m / Interest Expense TTM 122.0m)
EV/FCF = 18.86x (Enterprise Value 11.5b / FCF TTM 608.0m)
FCF Yield = 5.30% (FCF TTM 608.0m / Enterprise Value 11.5b)
FCF Margin = 7.95% (FCF TTM 608.0m / Revenue TTM 7.65b)
Net Margin = 5.87% (Net Income TTM 449.0m / Revenue TTM 7.65b)
Gross Margin = 27.06% ((Revenue TTM 7.65b - Cost of Revenue TTM 5.58b) / Revenue TTM)
Gross Margin QoQ = 27.23% (prev 27.07%)
Tobins Q-Ratio = 1.81 (Enterprise Value 11.5b / Total Assets 6.32b)
Interest Expense / Debt = 4.45% (Interest Expense 122.0m / Debt 2.74b)
Taxrate = 23.70% (146.0m / 616.0m)
NOPAT = 576.1m (EBIT 755.0m * (1 - 23.70%))
Current Ratio = 2.31 (Total Current Assets 2.56b / Total Current Liabilities 1.11b)
Debt / Equity = 1.35 (Debt 2.74b / totalStockholderEquity, last quarter 2.04b)
Debt / EBITDA = 2.75 (Net Debt 2.59b / EBITDA 944.0m)
Debt / FCF = 4.27 (Net Debt 2.59b / FCF TTM 608.0m)
Total Stockholder Equity = 1.98b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.13% (Net Income 449.0m / Total Assets 6.32b)
RoE = 22.73% (Net Income TTM 449.0m / Total Stockholder Equity 1.98b)
RoCE = 18.44% (EBIT 755.0m / Capital Employed (Equity 1.98b + L.T.Debt 2.12b))
RoIC = 11.14% (NOPAT 576.1m / Invested Capital 5.17b)
WACC = 8.62% (E(8.88b)/V(11.6b) * Re(10.24%) + D(2.74b)/V(11.6b) * Rd(4.45%) * (1-Tc(0.24)))
Discount Rate = 10.24% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -94.39 | Cagr: -3.87%
[DCF] Terminal Value 75.14% ; FCFF base≈596.4m ; Y1≈623.8m ; Y5≈716.8m
[DCF] Fair Price = 42.56 (EV 10.6b - Net Debt 2.59b = Equity 7.97b / Shares 187.2m; r=8.62% [WACC]; 5y FCF grow 5.01% → 2.50% )
EPS Correlation: 26.77 | EPS CAGR: 1.23% | SUE: 0.31 | # QB: 0
Revenue Correlation: 95.04 | Revenue CAGR: 6.91% | SUE: 0.33 | # QB: 0
EPS current Quarter (2026-07-31): EPS=0.84 | Chg30d=+7.38% | Revisions=+17% | Analysts=4
EPS next Quarter (2026-10-31): EPS=0.91 | Chg30d=+9.65% | Revisions=-17% | Analysts=5
EPS current Year (2027-01-31): EPS=2.81 | Chg30d=+12.65% | Revisions=+29% | GrowthEPS=+21.3% | GrowthRev=+2.5%
EPS next Year (2028-01-31): EPS=3.08 | Chg30d=+3.20% | Revisions=+29% | GrowthEPS=+9.5% | GrowthRev=+4.4%
[Analyst] Revisions Ratio: +24% (up=9, down=5)