Core & Main, Inc. (CNM) Key Metrics
CNM valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $7.74B
- Enterprise value
- $10.32B
- P/E (TTM)
- 17.3 10-yr median 25.4
- Forward P/E
- 17.2
- PEG ratio
- 1.46
- Price / sales
- 1.0 10-yr median 1.4
- Price / book
- 3.9 10-yr median 5.3
- EV / EBITDA
- 11.0 10-yr median 13.9
- Dividend yield
- —
- Beta
- 0.91
CNM key metrics, FY2019–FY2026
Fiscal year ended January 31, 2026 · U.S. dollarsCNM valuation Price multiples at each fiscal year-end price.
CNM returns How much profit the business earns on the capital it uses.
CNM per-share figures Results divided by the shares outstanding at year-end.
CNM financial health Debt, liquidity and how easily interest is covered.
CNM efficiency & capital use Working capital cycle and where the cash goes.
CNM valuation history
CNM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CNM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CNM cash returned to shareholders
CNM price vs earnings per share
CNM key metrics
FY2019–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market capitalization | $10.56B | $11.35B | $9.41B | $5.43B | $5.88B | — | — | — |
| Enterprise value | $12.78B | $13.85B | $11.48B | $6.89B | $7.50B | — | — | — |
| P/E ratio | 23.9 | 27.6 | 25.4 | 14.8 | 35.4 | — | — | — |
| Price / sales | 1.4 | 1.5 | 1.4 | 0.8 | 1.2 | — | — | — |
| Price / book | 5.3 | 6.7 | 6.5 | 3.1 | 4.4 | — | — | — |
| Price / free cash flow | 17.5 | 19.4 | 9.1 | 14.5 | — | — | — | — |
| Price / operating cash flow | 16.2 | 18.3 | 8.8 | 13.6 | — | — | — | — |
| EV / sales | 1.7 | 1.9 | 1.7 | 1.0 | 1.5 | — | — | — |
| EV / EBITDA | 13.9 | 15.2 | 12.8 | 7.5 | 14.3 | — | — | — |
| EV / free cash flow | 21.2 | 23.6 | 11.1 | 18.3 | — | — | — | — |
| Earnings yield | 4.2% | 3.6% | 3.9% | 6.7% | 2.8% | — | — | — |
| Free cash flow yield | 5.7% | 5.2% | 10.9% | 6.9% | −0.9% | — | — | — |
| Shareholder yield (dividends + buybacks) | 1.5% | 1.6% | 14.3% | 0.0% | 0.0% | — | — | — |
| Share price at fiscal year-end | $53.36 | $56.44 | $41.31 | $22.07 | $24.05 | — | — | — |
| Per share | ||||||||
| Revenue per share | $38.64 | $36.99 | $29.42 | $27.01 | $20.47 | $15.13 | $14.08 | $20.00 |
| Earnings per share | $2.23 | $2.04 | $1.63 | $1.49 | $0.68 | $0.15 | $0.15 | $0.23 |
| Operating cash flow per share | $3.28 | $3.09 | $4.69 | $1.63 | −$0.13 | $0.91 | $0.81 | $0.63 |
| Free cash flow per share | $3.05 | $2.91 | $4.52 | $1.53 | −$0.21 | $0.86 | $0.75 | $0.54 |
| Cash per share | $1.11 | $0.04 | $0.00 | $0.72 | $0.00 | $1.58 | $0.75 | — |
| Book value per share | $10.09 | $8.44 | $6.37 | $7.10 | $5.42 | $3.33 | $2.67 | — |
| Tangible book value per share | −$3.77 | −$5.64 | −$3.92 | −$2.37 | −$4.34 | −$6.53 | −$5.43 | — |
| Dividends per share | — | — | — | — | — | $0.09 | $1.34 | $0.16 |
| Capex per share | $0.23 | $0.17 | $0.17 | $0.10 | $0.08 | $0.05 | $0.06 | $0.09 |
| Debt per share | $12.31 | $12.46 | $9.09 | $6.64 | $6.64 | $9.94 | $8.92 | — |
| Shares outstanding | 197.9M | 201.2M | 227.8M | 246.2M | 244.5M | 240.7M | 240.7M | 160.1M |
| Change in shares outstanding | −1.6% | −11.7% | −7.5% | +0.7% | +1.6% | 0.0% | +50.4% | — |
| Returns & profitability | ||||||||
| Return on equity (ROE) | 23.9% | 26.1% | 23.2% | 23.8% | 15.6% | 5.1% | 5.6% | — |
| Return on invested capital (ROIC) | 13.2% | 14.0% | 17.7% | 20.6% | 12.0% | 5.5% | 5.1% | — |
| Return on assets (ROA) | 7.4% | 7.5% | 7.4% | 7.8% | 4.0% | 1.0% | 1.1% | — |
| Return on tangible assets | 13.2% | 13.5% | 13.6% | 14.2% | 8.1% | 2.4% | 2.9% | — |
| Free cash flow margin | 7.9% | 7.9% | 15.4% | 5.7% | −1.0% | 5.7% | 5.3% | 2.7% |
| Income quality (OCF / net income) | 1.47 | 1.51 | 2.88 | 1.10 | −0.19 | 5.94 | 5.39 | 2.76 |
| Financial health | ||||||||
| Total debt | $2.44B | $2.51B | $2.07B | $1.63B | $1.62B | $2.39B | $2.15B | — |
| Cash & short-term investments | $220.0M | $8.0M | $1.0M | $177.0M | $1.0M | $380.9M | $180.9M | — |
| Net debt | $2.22B | $2.50B | $2.07B | $1.46B | $1.62B | $2.01B | $1.97B | — |
| Debt / equity | 1.22 | 1.48 | 1.43 | 0.94 | 1.22 | 2.99 | 3.35 | — |
| Debt / assets | 0.40 | 0.43 | 0.41 | 0.33 | 0.37 | 0.61 | 0.67 | — |
| Net debt / EBITDA | 2.41 | 2.74 | 2.32 | 1.58 | 3.10 | 5.95 | 6.71 | — |
| Current ratio | 2.63 | 2.34 | 2.29 | 3.05 | 2.11 | 2.56 | 2.41 | — |
| Quick ratio | 1.51 | 1.29 | 1.30 | 1.60 | 1.09 | 1.83 | 1.63 | — |
| Interest coverage | 5.1 | 5.1 | 9.1 | 11.7 | 4.3 | 1.3 | 1.4 | 1.4 |
| Working capital | $1.43B | $1.16B | $999.0M | $1.49B | $928.0M | $815.1M | $607.7M | — |
| Invested capital | $4.21B | $4.20B | $3.52B | $3.20B | $2.95B | $2.81B | $2.61B | — |
| Tangible asset value | −$669.0M | −$1.06B | −$821.0M | $80.0M | −$555.0M | −$1.57B | −$1.31B | — |
| Net current asset value | −$1.71B | −$2.07B | −$1.77B | −$288.0M | −$836.0M | −$1.79B | −$1.52B | — |
| Graham number | $22.49 | $19.70 | $15.28 | $15.40 | $9.10 | $3.39 | $2.99 | — |
| Graham net-net per share | −$12.69 | −$14.09 | −$10.67 | −$4.40 | −$6.18 | −$8.86 | −$7.61 | — |
| Capital allocation | ||||||||
| Dividends paid | — | — | — | — | — | $20.9M | $323.1M | $25.4M |
| Share buybacks (net) | $155.0M | $176.0M | $1.34B | $0 | $0 | $0 | $200,000 | $0 |
| Dividend payout ratio | — | — | — | — | — | 56.5% | 897.5% | 69.4% |
| Dividends + buybacks / free cash flow | 25.7% | 30.0% | 130.5% | 0.0% | — | 10.1% | 179.6% | 29.2% |
| Capex / revenue | 0.6% | 0.5% | 0.6% | 0.4% | 0.4% | 0.3% | 0.4% | 0.4% |
| Capex / operating cash flow | 7.1% | 5.6% | 3.6% | 6.2% | — | 5.4% | 7.2% | 13.8% |
| Capex / depreciation | 0.24 | 0.18 | 0.25 | 0.17 | 0.13 | 0.08 | 0.10 | 0.11 |
| Stock-based compensation / revenue | 0.2% | 0.2% | 0.1% | 0.2% | 0.5% | 0.1% | 0.1% | 0.1% |
| SG&A / revenue | 15.1% | 14.5% | 13.9% | 13.2% | 14.3% | 15.3% | 15.0% | 14.3% |
| Efficiency | ||||||||
| Days sales outstanding | 50.5 | 50.0 | 52.5 | 50.5 | 52.6 | 53.2 | 54.3 | — |
| Days of inventory on hand | 61.9 | 55.9 | 67.7 | 71.5 | 60.8 | 47.5 | 47.2 | — |
| Days payables outstanding | 35.1 | 35.6 | 36.7 | 40.9 | 45.8 | 39.2 | 37.6 | — |
| Cash conversion cycle (days) | 77.2 | 70.3 | 83.5 | 81.1 | 67.5 | 61.5 | 63.9 | — |
| Receivables turnover | 7.23 | 7.30 | 6.95 | 7.23 | 6.95 | 6.87 | 6.72 | — |
| Payables turnover | 10.41 | 10.25 | 9.94 | 8.93 | 7.97 | 9.31 | 9.72 | — |
| Inventory turnover | 5.90 | 6.52 | 5.39 | 5.10 | 6.01 | 7.68 | 7.74 | — |
| Asset turnover | 1.28 | 1.36 | 1.34 | 1.42 | 1.20 | 1.02 | 1.06 | — |
| Average receivables | $1.06B | $1.02B | $964.0M | $919.5M | $720.5M | $530.5M | $504.0M | — |
| Average payables | $537.0M | $533.0M | $491.5M | $543.5M | $467.0M | $296.8M | $267.6M | — |
| Average inventory | $947.0M | $837.0M | $906.5M | $951.5M | $619.9M | $359.9M | $336.1M | — |
| Intangibles / total assets | 45.1% | 48.3% | 46.3% | 47.5% | 53.8% | 60.4% | 60.9% | — |
Computed from CNM's annual financial statements (latest annual report filed March 24, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CNM valuation and financial ratios
At the end of fiscal 2026 (January 31, 2026), Core & Main traded at 23.9 times earnings, against a 8-year median of 25.4. Based on the latest twelve months, the trailing P/E is 17.3 and the forward P/E is 17.2. Core & Main earned a return on equity of 23.9% and a return on invested capital of 13.2% in fiscal 2026. It ended the year with $2.4 billion of debt and $220.0 million in cash and short-term investments, net debt of $2.2 billion. It returned $155.0 million to shareholders: $0 in dividends and $155.0 million in share buybacks, 26% of free cash flow. The share count rose 23.6% from 160.1M to 197.9M over 7 years.
See the CNM income statement, the CNM chart for price history, or the CNM stock overview for the latest quote and news.
CNM key metrics FAQ
What is Core & Main's P/E ratio?
Core & Main's trailing P/E ratio is 17.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 17.2. At the end of fiscal 2026 it was 23.9, compared with a 8-year median of 25.4.
What is Core & Main's EV/EBITDA?
Core & Main's enterprise value was 13.9 times EBITDA at the end of fiscal 2026 (enterprise value $12.8 billion, EBITDA $920.0 million); the current EV/EBITDA is 11.0.
What is Core & Main's return on equity?
Core & Main's return on equity (ROE) was 23.9% in fiscal 2026: net income of $441.0 million on average shareholders' equity of $1.8 billion.
What is Core & Main's ROIC?
Core & Main's return on invested capital was 13.2% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Core & Main have?
Core & Main had total debt of $2.4 billion at the end of fiscal 2026, a debt-to-equity ratio of 1.22 and $2.2 billion of net debt (2.41 times EBITDA).
Does Core & Main buy back its shares?
Yes. Core & Main spent $155.0 million on net share repurchases in fiscal 2026 Shares outstanding changed −1.6% over the year, to 197.9M..
What is Core & Main's free cash flow yield?
Core & Main generated $604.0 million of free cash flow in fiscal 2026, a free cash flow yield of 5.7% on its market value at year-end ($10.6 billion).
What is Core & Main's current ratio?
Core & Main's current ratio was 2.63 at the end of fiscal 2026: current assets were 2.63 times current liabilities.