Core & Main (CNM)
Industrials · Specialty distribution - water and infrastructure products
A leading specialty distributor of water, wastewater, storm drainage, and fire protection infrastructure products serving municipalities, contractors, and private water companies nationwide.
What Core & Main does
Core & Main is a specialty distributor of water, wastewater, storm drainage, and fire protection products and related services. The company operates over 370 branch locations across the U.S. and Canada, serving as a critical link between approximately 5,000 suppliers and over 60,000 customers. It distributes a comprehensive portfolio of more than 225,000 specialized products designed for aging water infrastructure maintenance, repair, replacement, and new construction. The company serves three primary end markets: municipal (44% of fiscal 2025 sales), non-residential (38%), and residential (18%), with balanced exposure to both new construction and repair/replacement projects.
Themes: ["Water infrastructure / aging water systems"]
Fundamentals
- Price$45.21 as of 2026-07-09 close
- Market cap$8.7B as of 2026-07-10
- 1-year return-27.4% as of 2026-07-09 close
- P/E19.49 as of 2026-07-10
- Net margin+5.9% as of 2026-07-10
- Gross margin+27.1% as of 2026-07-10
- ROE+22.7% as of 2026-07-10
- Debt / equity1.05 as of 2026-07-10
- Revenue growth (YoY)+0.5% as of 2026-07-10
- Revenue CAGR (3y)+4.8% SEC XBRL
- Beta0.91 as of 2026-07-10
Key risks (from latest filing)
["Declines, volatility and cyclicality in U.S. residential and non-residential construction markets, as well as slowdowns in municipal infrastructure spending and delays in federal appropriations."]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.