CNM Stock Analysis: Core & Main | NYSE
Industrial Distribution | NYSE, USA | Market Cap: 7.627m USD | 12M Return: -20.9% | US21874C1027 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 104M
EPS Trend: 98.0%
Qual. Beats: 0
Rev. Trend: 92.3%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 5.2 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 of water, wastewater, storm drainage, and fire protection products and related services. The company supplies pipes, valves, hydrants, fittings, and specialty products used in the service, repair, replacement, and construction of underground water and fire protection infrastructure. Its portfolio spans HDPE and metal storm drainage systems, retention and treatment plant products, fire protection components and fabrication/kitting services, and smart metering solutions (including meters, accessories, installation, network infrastructure, software, and long-term support). The company primarily serves municipalities, private water companies, and professional contractors across municipal, non-residential, and residential end markets. Core & Main was founded in 1874 and is headquartered in Saint Louis, Missouri.
As a pure-play specialty distributor focused on water and storm infrastructure, Core & Mains revenue is closely tied to municipal capital budgets, utility spending cycles, and U.S. non-residential construction activity, with demand drivers including compliance with environmental and water quality regulations and ongoing replacement of aging underground infrastructure. The company operates within the Trading Companies & Distributors sub-industry, where scale, branch density, and supplier relationships are key competitive advantages, and it went public in July 2021.
- Infrastructure bill spending accelerates water pipe replacement demand
- Housing weakness pressures residential pipe and fittings volumes
- Steel and PVC input cost inflation pressures gross margins
| Net Income: 459.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 0.42 > 1.0 |
| NWC/Revenue: 22.69% < 20% (prev 18.00%; Δ 4.70% < -1%) |
| CFO/TA 0.10 > 3% & CFO 683.0m > Net Income 459.0m |
| Net Debt (2.74b) to EBITDA (955.0m): 2.87 < 3 |
| Current Ratio: 2.47 > 1.5 & < 3 |
| Outstanding Shares: last quarter (193.4m) vs 12m ago -2.49% < -2% |
| Gross Margin: 27.05% > 18% (prev 26.67%; Δ 0.38% > 0.5%) |
| Asset Turnover: 118.3% > 50% (prev 122.7%; Δ -4.45% > 0%) |
| Interest Coverage Ratio: 6.10 > 6 (EBIT TTM 769.0m / Interest Expense TTM 126.0m) |
| A: 0.26 (Total Current Assets 2.94b - Total Current Liabilities 1.19b) / Total Assets 6.71b |
| B: 0.12 (Retained Earnings 784.0m / Total Assets 6.71b) |
| C: 0.12 (EBIT TTM 769.0m / Avg Total Assets 6.51b) |
| D: 0.44 (Book Value of Equity 2.03b / Total Liabilities 4.61b) |
| Altman-Z'' = 3.35 = A |
| DSRI: 1.07 (Receivables 1.44b/1.36b, Revenue 7.70b/7.74b) |
| GMI: 0.99 (GM 26.67% / 27.05%) |
| AQI: 0.92 (AQ_t 0.49 / AQ_t-1 0.53) |
| SGI: 0.99 (Revenue 7.70b / 7.74b) |
| TATA: -0.03 (NI 459.0m - CFO 683.0m) / TA 6.71b) |
| Beneish M = -3.04 (Cap -4..+1) = AA |
As of October 12, 2026, the stock is trading at USD 40.35 with a total of 1,284,417 shares traded. Over the past week, the price has changed by -2.42%, over one month by -3.00%, over three months by -10.75% and over the past year by -20.90%.
Current recommended Stop Loss: 38.80 (which is 3.8% or 1.2 ATR below the current price).
Core & Main has received a consensus analysts rating of 3.79. Therefore, it is recommended to hold CNM.
- StrongBuy: 5
- Buy: 2
- Hold: 6
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 54.8 | 35.7% |
P/E Trailing = 17.0165
P/E Forward = 17.2414
P/S = 0.9907
P/B = 3.8832
P/EG = 1.4637
Revenue TTM = 7.70b USD
EBIT TTM = 769.0m USD
EBITDA TTM = 955.0m USD
Long Term Debt = 2.43b USD (from longTermDebt, last quarter)
Short Term Debt = 96.0m USD (from shortTermDebt, last quarter)
Debt = 3.05b USD (from shortLongTermDebtTotal, last quarter) + Leases 300.0m
Net Debt = 2.74b USD (calculated: Debt 3.05b - CCE 312.0m)
Enterprise Value = 10.4b USD (7.63b + Debt 3.05b - CCE 312.0m)
Interest Coverage Ratio = 6.10 (Ebit TTM 769.0m / Interest Expense TTM 126.0m)
EV/FCF = 16.50x (Enterprise Value 10.4b / FCF TTM 628.0m)
FCF Yield = 6.06% (FCF TTM 628.0m / Enterprise Value 10.4b)
FCF Margin = 8.16% (FCF TTM 628.0m / Revenue TTM 7.70b)
Net Margin = 5.96% (Net Income TTM 459.0m / Revenue TTM 7.70b)
Gross Margin = 27.05% ((Revenue TTM 7.70b - Cost of Revenue TTM 5.62b) / Revenue TTM)
Gross Margin QoQ = 26.71% (prev 27.23%)
Tobins Q-Ratio = 1.54 (Enterprise Value 10.4b / Total Assets 6.71b)
Interest Expense / Debt = 4.13% (Interest Expense 126.0m / Debt 3.05b)
Taxrate = 23.60% (148.0m / 627.0m)
NOPAT = 587.5m (EBIT 769.0m * (1 - 23.60%))
Current Ratio = 2.47 (Total Current Assets 2.94b / Total Current Liabilities 1.19b)
Debt / Equity = 1.50 (Debt 3.05b / totalStockholderEquity, last quarter 2.03b)
Debt / EBITDA = 2.87 (Net Debt 2.74b / EBITDA 955.0m)
Debt / FCF = 4.36 (Net Debt 2.74b / FCF TTM 628.0m)
Total Stockholder Equity = 2.01b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.05% (Net Income 459.0m / Total Assets 6.71b)
RoE = 22.82% (Net Income TTM 459.0m / Total Stockholder Equity 2.01b)
RoCE = 17.31% (EBIT 769.0m / Capital Employed (Equity 2.01b + L.T.Debt 2.43b))
RoIC = 11.08% (NOPAT 587.5m / Invested Capital 5.30b)
WACC = 7.75% (E(7.63b)/V(10.7b) * Re(9.59%) + D(3.05b)/V(10.7b) * Rd(4.13%) * (1-Tc(0.24)))
Discount Rate = 9.59% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -96.53 | Cagr: -2.06%
[DCF] Terminal Value 76.81% ; FCFF base≈602.4m ; Y1≈661.6m ; Y5≈838.3m
[DCF] Fair Price = 54.59 (EV 12.8b - Net Debt 2.74b = Equity 10.1b / Shares 184.4m; r=8.35% [WACC [floored]]; 5y FCF grow 11.35% → 2.50% )
EPS Correlation: 98.01 | EPS CAGR: 16.94% | SUE: 0.17 | # QB: 0
Revenue Correlation: 92.34 | Revenue CAGR: 6.28% | SUE: 0.17 | # QB: 0
EPS current Quarter (2026-10-31): EPS=0.94 | Chg30d=+0.88% | Revisions=+0% | Analysts=9
EPS current Year (2027-01-31): EPS=3.16 | Chg30d=+5.55% | Revisions=-29% | GrowthEPS=+36.5% | GrowthRev=+2.5%
EPS next Year (2028-01-31): EPS=3.50 | Chg30d=+3.93% | Revisions=-10% | GrowthEPS=+10.7% | GrowthRev=+4.1%
[Analyst] Revisions Ratio: -17% (up=6, down=9)