📊 CNM Key Takeaways
Investment Thesis
CNM demonstrates solid fundamental health with strong revenue growth of 11% YoY and healthy profitability margins across the board. The company generates robust free cash flow ($351M) with a FCF margin of 5.8%, supported by excellent liquidity (2.26x current ratio) and manageable leverage (1.08x debt/equity with 6.6x interest coverage). However, the lack of net income growth and slight EPS decline warrant monitoring to ensure operational leverage improves alongside top-line expansion.
CNM Strengths
- Strong revenue growth of 11% YoY indicating market demand and competitive positioning
- Solid profitability with consistent margins: 26.9% gross margin, 10% operating margin, 6.1% net margin
- Excellent cash generation with $351M free cash flow and healthy 5.8% FCF margin relative to revenue
- Strong balance sheet with 2.26x current ratio and 1.35x quick ratio indicating strong liquidity position
- Manageable leverage with 1.08x debt/equity and comfortable 6.6x interest coverage ratio
- Healthy returns on capital: 18.8% ROE and 5.9% ROA demonstrate efficient use of shareholder capital
CNM Risks
- Net income flat YoY and diluted EPS declined 0.9% despite 11% revenue growth suggests margin compression or expense control issues
- High debt load of $2.1B (1.08x debt/equity) requires continued strong cash generation to service obligations
- Low cash position of $89M relative to $6.3B total assets and $2.1B long-term debt limits financial flexibility
- Wholesale durable goods sector is cyclical and sensitive to economic slowdowns and capital spending trends
- 18 Form 4 insider filings in last 90 days warrant scrutiny to understand insider transaction patterns and sentiment
Key Metrics to Watch
- Net income growth trajectory and operating margin expansion relative to revenue growth
- Free cash flow generation and conversion rate to ensure quality of earnings
- Debt reduction progress and maintenance of interest coverage above 6.0x
- Gross margin stability amid inflationary pressures in wholesale/distribution
- Working capital efficiency and days sales outstanding trends
CNM Financial Metrics
💡 AI Analyst Insight
Strong liquidity with a 2.26x current ratio provides a solid financial cushion.
CNM Profitability Ratios
CNM vs Default Sector
How Core & Main, Inc. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CNM Balance Sheet & Liquidity
CNM 5-Year Financial Trend
5-Year Trend Summary: Core & Main, Inc.'s revenue has grown significantly by 49% over the 5-year period, indicating strong business expansion. The most recent EPS of $0.55 reflects profitable operations.
CNM Growth Metrics (YoY)
CNM Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $2.0B | $133.0M | $0.69 |
| Q2 2025 | $2.0B | $119.0M | $0.61 |
| Q1 2025 | $1.7B | $95.0M | $0.49 |
| Q3 2024 | $1.8B | $112.0M | $0.65 |
| Q2 2024 | $1.9B | $110.0M | $0.61 |
| Q1 2024 | $1.6B | $86.0M | $0.49 |
| Q3 2023 | $1.8B | $111.0M | $0.65 |
| Q2 2023 | $1.9B | $110.0M | $0.66 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CNM Capital Allocation
CNM SEC Filings
Access official SEC EDGAR filings for Core & Main, Inc. (CIK: 0001856525)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 13, 2026 | 4 | xslF345X05/wk-form4_1773444261.xml | View → |
| Mar 13, 2026 | 4 | xslF345X05/wk-form4_1773444255.xml | View → |
| Mar 13, 2026 | 4 | xslF345X05/wk-form4_1773444249.xml | View → |
| Mar 13, 2026 | 4 | xslF345X05/wk-form4_1773444243.xml | View → |
| Mar 13, 2026 | 4 | xslF345X05/wk-form4_1773444237.xml | View → |
❓ Frequently Asked Questions about CNM
What is the AI rating for CNM?
Core & Main, Inc. (CNM) has an AI rating of BUY with 72% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CNM's key strengths?
Strong revenue growth of 11% YoY indicating market demand and competitive positioning. Solid profitability with consistent margins: 26.9% gross margin, 10% operating margin, 6.1% net margin.
What are the risks of investing in CNM?
Net income flat YoY and diluted EPS declined 0.9% despite 11% revenue growth suggests margin compression or expense control issues. High debt load of $2.1B (1.08x debt/equity) requires continued strong cash generation to service obligations.
What is CNM's revenue and growth?
Core & Main, Inc. reported revenue of $6.1B.
Does CNM pay dividends?
Core & Main, Inc. does not currently pay dividends.
Where can I find CNM SEC filings?
Official SEC filings for Core & Main, Inc. (CIK: 0001856525) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CNM's EPS?
Core & Main, Inc. has a diluted EPS of $1.94.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.