Core & Main, Inc. (CNM) Income Statement
CNM FY2026 at a glance
Fiscal year ended January 31, 2026 · U.S. dollarsCNM revenue and net income
Where CNM's revenue goes
FY2026Each bar shows an amount and its share of revenue. CNM kept 5.8% of revenue as net income.
CNM profit margins
CNM growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2.8% | +4.8% | +16.0% | — |
| Gross profit | +4.0% | +4.7% | +18.6% | — |
| Operating income | +1.3% | −2.1% | +31.5% | — |
| Net income | +7.3% | +6.4% | +64.2% | — |
| EPS (diluted) | +8.9% | +10.1% | +72.9% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CNM quarterly EPS vs estimates
Core & Main beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: December 8, 2026 (estimate $0.89).
CNM income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.65B | $7.44B | $6.70B | $6.65B | $5.00B | $3.64B | $3.39B | $3.20B |
| Cost of revenue | $5.59B | $5.46B | $4.88B | $4.86B | $3.72B | $2.76B | $2.60B | $2.49B |
| Gross profit | $2.06B | $1.98B | $1.82B | $1.79B | $1.28B | $878.0M | $789.0M | $708.1M |
| Sales, general & admin | $1.15B | $1.08B | $931.0M | $880.0M | $717.0M | $555.6M | $508.4M | $457.7M |
| Total operating expenses | $1.34B | $1.26B | $1.08B | $1.02B | $855.0M | $693.0M | $634.0M | $569.7M |
| Operating income | $728.0M | $719.0M | $740.0M | $775.0M | $425.0M | $185.0M | $155.0M | $138.4M |
| Interest income | $120.0M | $142.0M | $81.0M | $66.0M | $98.0M | $139.1M | $113.7M | $101.1M |
| Interest expense | $142.0M | $142.0M | $81.0M | $66.0M | $98.0M | $139.0M | $113.0M | $101.1M |
| Income before taxes | $607.0M | $577.0M | $659.0M | $709.0M | $276.0M | $46.0M | $42.0M | $37.3M |
| Income taxes | $145.0M | $143.0M | $128.0M | $128.0M | $51.0M | $9.0M | $6.0M | $700,000 |
| Net income | $441.0M | $411.0M | $371.0M | $366.0M | $166.0M | $37.0M | $36.0M | $36.6M |
| EBITDA | $920.0M | $913.0M | $894.0M | $924.0M | $524.0M | $338.0M | $293.0M | $252.9M |
| EPS (diluted) | $2.32 | $2.13 | $1.71 | $1.74 | $1.43 | $0.15 | $0.15 | $0.23 |
| Gross margin | 26.9% | 26.6% | 27.1% | 27.0% | 25.6% | 24.1% | 23.3% | 22.1% |
| Operating margin | 9.5% | 9.7% | 11.0% | 11.7% | 8.5% | 5.1% | 4.6% | 4.3% |
| Net margin | 5.8% | 5.5% | 5.5% | 5.5% | 3.3% | 1.0% | 1.1% | 1.1% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.15B | $1.91B | $1.58B | $2.06B | $2.09B | $1.91B | $1.70B | $2.04B | $1.96B | $1.74B | $1.44B | $1.83B |
| Cost of revenue | $1.57B | $1.39B | $1.15B | $1.50B | $1.53B | $1.40B | $1.25B | $1.50B | $1.45B | $1.27B | $1.06B | $1.33B |
| Gross profit | $573.0M | $520.0M | $428.0M | $561.0M | $560.0M | $510.0M | $451.0M | $543.0M | $518.0M | $468.0M | $384.0M | $494.0M |
| Sales, general & admin | $301.0M | $299.0M | $264.0M | $295.0M | $302.0M | $293.0M | $279.0M | $274.0M | $268.0M | $257.0M | $230.0M | $240.0M |
| Total operating expenses | $346.0M | $343.0M | $310.0M | $341.0M | $347.0M | $339.0M | $327.0M | $320.0M | $314.0M | $300.0M | $268.0M | $277.0M |
| Operating income | $227.0M | $177.0M | $118.0M | $220.0M | $213.0M | $171.0M | $124.0M | $223.0M | $204.0M | $168.0M | $116.0M | $217.0M |
| Interest income | — | — | $29.0M | $30.0M | $31.0M | $30.0M | $36.0M | $36.0M | — | — | — | — |
| Interest expense | $35.0M | $27.0M | $34.0M | $30.0M | $31.0M | $30.0M | $36.0M | $36.0M | $36.0M | $34.0M | $22.0M | $20.0M |
| Income before taxes | $193.0M | $150.0M | $94.0M | $190.0M | $182.0M | $141.0M | $88.0M | $187.0M | $168.0M | $134.0M | $94.0M | $197.0M |
| Income taxes | $43.0M | $37.0M | $21.0M | $47.0M | $41.0M | $36.0M | $21.0M | $47.0M | $42.0M | $33.0M | $18.0M | $39.0M |
| Net income | $144.0M | $108.0M | $70.0M | $137.0M | $134.0M | $100.0M | $64.0M | $133.0M | $119.0M | $95.0M | $63.0M | $112.0M |
| EBITDA | $277.0M | $251.0M | $166.0M | $268.0M | $261.0M | $219.0M | $174.0M | $272.0M | $253.0M | $213.0M | $156.0M | $244.0M |
| EPS (diluted) | $0.92 | $0.70 | $0.37 | $0.72 | $0.70 | $0.53 | $0.34 | $0.69 | $0.61 | $0.49 | $0.32 | $0.52 |
| Gross margin | 26.7% | 27.2% | 27.1% | 27.2% | 26.8% | 26.7% | 26.6% | 26.6% | 26.4% | 26.9% | 26.7% | 27.0% |
| Operating margin | 10.6% | 9.3% | 7.5% | 10.7% | 10.2% | 8.9% | 7.3% | 10.9% | 10.4% | 9.6% | 8.1% | 11.9% |
| Net margin | 6.7% | 5.7% | 4.4% | 6.6% | 6.4% | 5.2% | 3.8% | 6.5% | 6.1% | 5.5% | 4.4% | 6.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CNM's financial statements (latest annual report filed March 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CNM financial results
In fiscal year 2026 (ended January 31, 2026), Core & Main reported revenue of $7.6 billion, up 2.8% from the year before. It had net income of $441.0 million (up 7.3%), a net profit margin of 5.8%. Diluted earnings per share came to $2.32. Over five years revenue grew at an average rate of 16.0% a year.
See the CNM stock overview for the latest quote and news, or the CNM chart for price history and technical indicators.
CNM income statement FAQ
What is Core & Main's annual revenue?
Core & Main reported total revenue of $7.6 billion for fiscal year 2026, which ended on January 31, 2026. That was up 2.8% from $7.4 billion the previous year.
Is Core & Main profitable?
Yes. Core & Main reported net income of $441.0 million in fiscal 2026, a net profit margin of 5.8%; its operating margin was 9.5%.
What is Core & Main's gross margin?
Core & Main's gross margin was 26.9% in fiscal 2026: for every $100 of revenue, Core & Main kept $27 after the direct cost of its products and services.
How fast is Core & Main growing?
Revenue grew 16.0% a year on average over the last five fiscal years, from $3.6 billion to $7.6 billion.
What are Core & Main's earnings per share?
Core & Main earned $2.32 per diluted share in fiscal 2026, compared with $2.13 a year earlier.
When will Core & Main report its next earnings?
Core & Main is expected to report results for the quarter ending October 31, 2026 on December 8, 2026 before the market opens.
When does Core & Main's fiscal year end?
Core & Main's fiscal year ends in January. The latest annual report covers the year ended January 31, 2026 and was filed on March 24, 2026.