(CNM) Core & Main - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US21874C1027

Pipes, Valves, Hydrants, Fittings, Meters

Stock: Trading Companies & Distributors
Age 4.5y

MCap 11,549m
Avg Vol 1.68M (93.4M USD)

Beta 1.013
Volatility 36.46%

EPS (Earnings per Share)

EPS CAGR: 22.72%
EPS Trend: 33.3%

Last SUE: 0.99
Qual. Beats: 1

Revenue

Rev. CAGR: 14.38%
Rev. Trend: 65.2%

Last SUE: 0.15
Qual. Beats: 0

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	36.5%
Value at Risk 5%th	52.4%
Relative Tail Risk	-12.55%

Reward TTM
Sharpe Ratio	0.20
Alpha	-11.71
CAGR/Max DD	1.06

Character TTM
Hurst Exponent	0.643
Beta	1.013
Beta Downside	0.896

Drawdowns 3y
Max DD	38.74%
Mean DD	11.28%
Median DD	9.50%

Description: CNM Core & Main January 02, 2026

Core & Main, Inc. (NYSE: CNM) is a U.S. distributor of water-related infrastructure products-including pipes, valves, hydrants, storm-drainage components, fire-protection fittings, and smart-metering solutions-servicing municipalities, private water utilities, and contractors across residential, non-residential, and municipal markets. The company’s portfolio supports the maintenance, repair, replacement, and new construction of underground water, wastewater, storm-drainage, and fire-protection systems.

According to the most recent Form 10-K (FY 2023), Core & Main generated approximately $1.9 billion in revenue with an adjusted EBITDA margin near 7 %, and reported a backlog of roughly $300 million, indicating a modest but stable order pipeline. The firm’s operating cash flow conversion has averaged about 80 % of EBITDA over the past three years, suggesting solid cash generation despite the capital-intensive nature of its product lines.

Key macro drivers for the sector include the U.S. Water Infrastructure Finance and Innovation Act (WIFIA) funding pipeline, which is expected to channel over $100 billion in federal and state investment into water-system upgrades through 2030, and tightening EPA discharge standards that spur replacement of aging pipe networks. Additionally, climate-resilience spending on storm-drainage and flood-mitigation projects has risen at an estimated 4-5 % annual rate, providing tailwinds for distributors like Core & Main.

For a deeper quantitative look, you might explore ValueRay’s detailed financial model for CNM to assess its upside potential under different infrastructure-spending scenarios.

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income: 435.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.09 > 0.02 and ΔFCF/TA -1.35 > 1.0
NWC/Revenue: 18.03% < 20% (prev 17.64%; Δ 0.39% < -1%)
CFO/TA 0.10 > 3% & CFO 617.0m > Net Income 435.0m
Net Debt (2.35b) to EBITDA (922.0m): 2.54 < 3
Current Ratio: 2.26 > 1.5 & < 3
Outstanding Shares: last quarter (197.9m) vs 12m ago -1.62% < -2%
Gross Margin: 26.82% > 18% (prev 0.27%; Δ 2655 % > 0.5%)
Asset Turnover: 124.1% > 50% (prev 115.6%; Δ 8.50% > 0%)
Interest Coverage Ratio: 5.73 > 6 (EBITDA TTM 922.0m / Interest Expense TTM 127.0m)

Altman Z'' 2.80

A: 0.22 (Total Current Assets 2.51b - Total Current Liabilities 1.11b) / Total Assets 6.30b
B: 0.12 (Retained Earnings 736.0m / Total Assets 6.30b)
C: 0.12 (EBIT TTM 728.0m / Avg Total Assets 6.26b)
D: 0.17 (Book Value of Equity 732.0m / Total Liabilities 4.25b)
Altman-Z'' Score: 2.80 = A

Beneish M -3.11

DSRI: 0.90 (Receivables 1.34b/1.38b, Revenue 7.76b/7.18b)
GMI: 0.99 (GM 26.82% / 26.63%)
AQI: 0.96 (AQ_t 0.53 / AQ_t-1 0.55)
SGI: 1.08 (Revenue 7.76b / 7.18b)
TATA: -0.03 (NI 435.0m - CFO 617.0m) / TA 6.30b)
Beneish M-Score: -3.11 = AA

ValueRay F-Score (Strict, 0-100) 70.92

1. Piotroski: 6.0pt
2. FCF Yield: 4.14%
3. FCF Margin: 7.41%
4. Debt/Equity: 1.23
5. Debt/Ebitda: 2.54
6. ROIC - WACC: 5.36%
7. RoE: 23.82%
8. Revenue Trend: 65.16%
9. EPS Trend: 33.30%

What is the price of CNM shares?

As of January 23, 2026, the stock is trading at USD 59.09 with a total of 1,123,578 shares traded.
Over the past week, the price has changed by +2.13%, over one month by +8.82%, over three months by +12.34% and over the past year by +3.20%.

Is CNM a buy, sell or hold?

Core & Main has received a consensus analysts rating of 4.07. Therefore, it is recommended to buy CNM.

Strong Buy: 6
Buy: 4
Hold: 3
Sell: 1
Strong Sell: 0

What are the forecasts/targets for the CNM price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	61.1	3.3%
Analysts Target Price	61.1	3.3%
ValueRay Target Price	73.6	24.6%

CNM Fundamental Data Overview January 20, 2026

P/E Trailing = 25.6579
P/E Forward = 23.9808
P/S = 1.4876
P/B = 5.5867
P/EG = 1.9028
Revenue TTM = 7.76b USD
EBIT TTM = 728.0m USD
EBITDA TTM = 922.0m USD
Long Term Debt = 2.13b USD (from longTermDebt, last quarter)
Short Term Debt = 98.0m USD (from shortTermDebt, last quarter)
Debt = 2.43b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.35b USD (from netDebt column, last quarter)
Enterprise Value = 13.89b USD (11.55b + Debt 2.43b - CCE 89.0m)
Interest Coverage Ratio = 5.73 (Ebit TTM 728.0m / Interest Expense TTM 127.0m)
EV/FCF = 24.16x (Enterprise Value 13.89b / FCF TTM 575.0m)
FCF Yield = 4.14% (FCF TTM 575.0m / Enterprise Value 13.89b)
FCF Margin = 7.41% (FCF TTM 575.0m / Revenue TTM 7.76b)
Net Margin = 5.60% (Net Income TTM 435.0m / Revenue TTM 7.76b)
Gross Margin = 26.82% ((Revenue TTM 7.76b - Cost of Revenue TTM 5.68b) / Revenue TTM)
Gross Margin QoQ = 27.21% (prev 26.76%)
Tobins Q-Ratio = 2.21 (Enterprise Value 13.89b / Total Assets 6.30b)
Interest Expense / Debt = 1.23% (Interest Expense 30.0m / Debt 2.43b)
Taxrate = 24.74% (47.0m / 190.0m)
NOPAT = 547.9m (EBIT 728.0m * (1 - 24.74%))
Current Ratio = 2.26 (Total Current Assets 2.51b / Total Current Liabilities 1.11b)
Debt / Equity = 1.23 (Debt 2.43b / totalStockholderEquity, last quarter 1.98b)
Debt / EBITDA = 2.54 (Net Debt 2.35b / EBITDA 922.0m)
Debt / FCF = 4.08 (Net Debt 2.35b / FCF TTM 575.0m)
Total Stockholder Equity = 1.83b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.95% (Net Income 435.0m / Total Assets 6.30b)
RoE = 23.82% (Net Income TTM 435.0m / Total Stockholder Equity 1.83b)
RoCE = 18.41% (EBIT 728.0m / Capital Employed (Equity 1.83b + L.T.Debt 2.13b))
RoIC = 13.50% (NOPAT 547.9m / Invested Capital 4.06b)
WACC = 8.13% (E(11.55b)/V(13.98b) * Re(9.65%) + D(2.43b)/V(13.98b) * Rd(1.23%) * (1-Tc(0.25)))
Discount Rate = 9.65% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -6.15%
[DCF Debug] Terminal Value 72.11% ; FCFF base≈605.4m ; Y1≈444.7m ; Y5≈254.0m
Fair Price DCF = 12.40 (EV 4.69b - Net Debt 2.35b = Equity 2.34b / Shares 188.8m; r=8.13% [WACC]; 5y FCF grow -31.34% → 2.90% )
[DCF Warning] FCF declining rapidly (-31.34%), DCF may be unreliable
EPS Correlation: 33.30 | EPS CAGR: 22.72% | SUE: 0.99 | # QB: 1
Revenue Correlation: 65.16 | Revenue CAGR: 14.38% | SUE: 0.15 | # QB: 0
EPS next Quarter (2026-04-30): EPS=0.57 | Chg30d=-0.004 | Revisions Net=+1 | Analysts=5
EPS next Year (2027-01-31): EPS=2.58 | Chg30d=-0.016 | Revisions Net=+2 | Growth EPS=+11.5% | Growth Revenue=+3.6%

Additional Sources for CNM Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle