# Core & Main Inc. (CNM) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Industrials / Industrial Distribution & Rental. Price $44.87, market value $8.3 billion.

## Valuation
- **P/E (trailing): 18.5×** (5-yr avg 24.3×, 3-yr avg 22.8×). Core & Main Inc. trades at 18.5× trailing earnings, well below its own five-year average of 24.3×: cheap by its own standards. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 12.8×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.52**. A PEG of 1.52 is in the range usually read as fairly priced for its growth.
- **Price / sales: 1.1×**. Each dollar of revenue is priced at 1.1×.
- **Price / book: 4.1×**. The shares trade at 4.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 10.9×**. Enterprise value is 10.9× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 7.6%** (5-yr avg 5.6%). Free cash flow equals 7.6% of the market value, above its five-year average of 5.6%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 5.4%**. The inverse of the P/E: 5.4% of the price is earned each year.

## Profitability
- **Gross margin: 27.0%**. Core & Main Inc. keeps 27.0% of revenue after the direct cost of what it sells.
- **Operating margin: 9.6%**. 9.6% of revenue is left after running the business.
- **Net margin: 5.8%**. 5.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 22.1%**. 22.1% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 14.9%**. Return on all capital, debt included, is 14.9%.
- **Return on assets: 7.5%**. Each dollar of assets produces 7.5% of profit.

## Growth
- **Revenue growth (1 yr): 2.8%** (3-yr 4.8%/yr, 5-yr 16.0%/yr). Revenue grew 2.8% over the last year, against 16.0% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 8.5%** (3-yr 2.7%/yr). Earnings per share rose 8.5%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 17.1%/yr**. Free cash flow has compounded at 17.1% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 1.08**. Debt is 1.08 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 2.1×**. It would take 2.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 2.63** (quick 2.63). Current assets cover the next year's liabilities 2.63 times.
- **Altman Z-score: 3.63**. A Z-score of 3.63 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 8/9**. 8 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend: none**. Core & Main Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (13 analysts). 13 analysts cover Core & Main Inc.; the consensus is buy, with an average price target of $54.54 (+22% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -13.5%** (YTD -13.1%, 3-mo -1.3%). The shares are down 13.5% over twelve months including dividends.
- **From 52-week high: -24.8%** (13.8% above the low). Trading 25% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 70**. An RSI of 70 is neutral.
- **Beta (1 yr): 1.08** (volatility 32%). Beta of 1.08 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CNM · Page: https://foliofundamentals.com/stocks/cnm

Not investment advice.