Core & Main, Inc.CNMEarnings & Financial Report
Core & Main, headquartered in St. Louis, Missouri, distributes products used for water, wastewater, storm drainage, and fire protection in the United States. Customers include municipalities, private water companies, and professional contractors. The company has 370 branch locations in 49 U.S. states, 60,000 customers, and sells 225,000 products.
CNM Q3 FY2026 Key Financial Metrics
Revenue
$2.1B
Gross Profit
$561.0M
Operating Profit
$220.0M
Net Profit
$137.0M
Gross Margin
27.2%
Operating Margin
10.7%
Net Margin
6.6%
YoY Growth
0.0%
EPS
$0.72
Core & Main, Inc. Q3 FY2026 Financial Summary
Core & Main, Inc. reported revenue of $2.1B (up 0.0% YoY) for Q3 FY2026, with a net profit of $137.0M (up 0.0% YoY) (6.6% margin). Cost of goods sold was $1.5B, operating expenses totaled $341.0M.
Key Financial Metrics
| Total Revenue | $2.1B |
|---|---|
| Net Profit | $137.0M |
| Gross Margin | 27.2% |
| Operating Margin | 10.7% |
| Report Period | Q3 FY2026 |
Revenue Breakdown
Core & Main, Inc. Q3 FY2026 revenue of $2.1B breaks down across 4 segments, led by Pipes Valves And Fitting Products at $1.4B (67.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Pipes Valves And Fitting Products | $1.4B | 67.0% |
| Storm Drainage Products | $333.0M | 16.1% |
| Meter Products | $195.0M | 9.5% |
| Fire Protection Products | $152.0M | 7.4% |
Core & Main, Inc. Revenue by Segment — Quarterly Trend
Core & Main, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Pipes Valves And Fitting Products and Storm Drainage Products) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Pipes Valves And Fitting Products | $1.4B | $1.4B | $1.3B | $1.0B |
| Storm Drainage Products | $333.0M | $335.0M | $295.0M | $231.0M |
| Meter Products | $195.0M | $173.0M | $167.0M | $181.0M |
| Fire Protection Products | $152.0M | $155.0M | $152.0M | $141.0M |
Core & Main, Inc. Annual Revenue by Year
Core & Main, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $7.4B).
Core & Main, Inc. Quarterly Revenue & Net Profit History
Core & Main, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $2.1B | +0.0% | $137.0M | 6.6% |
| Q2 FY2026 | $2.1B | +2.7% | $134.0M | 6.4% |
| Q1 FY2026 | $1.9B | -2.7% | $100.0M | 5.2% |
| Q4 FY2025 | $1.7B | -2.5% | $64.0M | 3.8% |
| Q3 FY2025 | $2.0B | +11.5% | $133.0M | 6.5% |
| Q2 FY2025 | $2.0B | +5.5% | $119.0M | 6.1% |
| Q1 FY2025 | $1.7B | +10.6% | $95.0M | 5.5% |
| Q4 FY2024 | $1.4B | +4.8% | $63.0M | 4.4% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.44B | $1.74B | $1.96B | $2.04B | $1.70B | $1.91B | $2.09B | $2.06B |
| YoY Growth | 4.8% | 10.6% | 5.5% | 11.5% | -2.5% | -2.7% | 2.7% | 0.0% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $5.07B | $6.04B | $6.10B | $6.21B | $5.87B | $6.28B | $6.31B | $6.30B |
| Liabilities | $3.54B | $4.40B | $4.38B | $4.46B | $4.10B | $4.46B | $4.34B | $4.25B |
| Equity | $1.45B | $1.57B | $1.64B | $1.67B | $1.70B | $1.74B | $1.89B | $1.98B |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $294.0M | $78.0M | $48.0M | $260.0M | $235.0M | $77.0M | $34.0M | $271.0M |