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Side-by-side financial comparison of Core & Main, Inc. (CNM) and Sprouts Farmers Market, Inc. (SFM). Click either name above to swap in a different company.

Sprouts Farmers Market, Inc. is the larger business by last-quarter revenue ($2.3B vs $2.1B, roughly 1.1× Core & Main, Inc.). Sprouts Farmers Market, Inc. runs the higher net margin — 7.0% vs 6.6%, a 0.4% gap on every dollar of revenue. On growth, Sprouts Farmers Market, Inc. posted the faster year-over-year revenue change (4.1% vs 0.0%). Over the past eight quarters, Core & Main, Inc.'s revenue compounded faster (19.7% CAGR vs 10.9%).

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.

Sprouts Farmers Market, Inc., is a supermarket chain headquartered in Phoenix, Arizona, offering natural and organic foods, including fresh produce, bulk foods, packaged groceries, meat, poultry, seafood, deli, baked goods, dairy products, and frozen foods. They also sell vitamins and supplements, natural body care, and household items. Sprouts employs 35,000 workers and operates more than 400 stores in 24 states.

CNM vs SFM — Head-to-Head

Bigger by revenue
SFM
SFM
1.1× larger
SFM
$2.3B
$2.1B
CNM
Growing faster (revenue YoY)
SFM
SFM
+4.1% gap
SFM
4.1%
0.0%
CNM
Higher net margin
SFM
SFM
0.4% more per $
SFM
7.0%
6.6%
CNM
Faster 2-yr revenue CAGR
CNM
CNM
Annualised
CNM
19.7%
10.9%
SFM

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
CNM
CNM
SFM
SFM
Revenue
$2.1B
$2.3B
Net Profit
$137.0M
$163.7M
Gross Margin
27.2%
39.4%
Operating Margin
10.7%
9.2%
Net Margin
6.6%
7.0%
Revenue YoY
0.0%
4.1%
Net Profit YoY
0.0%
-9.1%
EPS (diluted)
$0.72
$1.71

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CNM
CNM
SFM
SFM
Q1 26
$2.3B
Q4 25
$2.1B
$2.1B
Q3 25
$2.1B
$2.2B
Q2 25
$1.9B
$2.2B
Q1 25
$1.7B
$2.2B
Q4 24
$2.0B
$2.0B
Q3 24
$2.0B
$1.9B
Q2 24
$1.7B
$1.9B
Net Profit
CNM
CNM
SFM
SFM
Q1 26
$163.7M
Q4 25
$137.0M
$89.8M
Q3 25
$134.0M
$120.1M
Q2 25
$100.0M
$133.7M
Q1 25
$64.0M
$180.0M
Q4 24
$133.0M
$79.6M
Q3 24
$119.0M
$91.6M
Q2 24
$95.0M
$95.3M
Gross Margin
CNM
CNM
SFM
SFM
Q1 26
39.4%
Q4 25
27.2%
38.0%
Q3 25
26.8%
38.7%
Q2 25
26.7%
38.8%
Q1 25
26.6%
39.6%
Q4 24
26.6%
38.1%
Q3 24
26.4%
38.1%
Q2 24
26.9%
37.9%
Operating Margin
CNM
CNM
SFM
SFM
Q1 26
9.2%
Q4 25
10.7%
5.7%
Q3 25
10.2%
7.2%
Q2 25
8.9%
8.1%
Q1 25
7.3%
10.1%
Q4 24
10.9%
5.3%
Q3 24
10.4%
6.3%
Q2 24
9.6%
6.7%
Net Margin
CNM
CNM
SFM
SFM
Q1 26
7.0%
Q4 25
6.6%
4.2%
Q3 25
6.4%
5.5%
Q2 25
5.2%
6.0%
Q1 25
3.8%
8.0%
Q4 24
6.5%
4.0%
Q3 24
6.1%
4.7%
Q2 24
5.5%
5.0%
EPS (diluted)
CNM
CNM
SFM
SFM
Q1 26
$1.71
Q4 25
$0.72
$0.93
Q3 25
$0.70
$1.22
Q2 25
$0.52
$1.35
Q1 25
$0.34
$1.81
Q4 24
$0.69
$0.78
Q3 24
$0.61
$0.91
Q2 24
$0.49
$0.94

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CNM
CNM
SFM
SFM
Cash + ST InvestmentsLiquidity on hand
$89.0M
$252.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.0B
$1.4B
Total Assets
$6.3B
$4.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNM
CNM
SFM
SFM
Q1 26
$252.2M
Q4 25
$89.0M
$257.3M
Q3 25
$25.0M
$322.4M
Q2 25
$8.0M
$261.4M
Q1 25
$8.0M
$285.7M
Q4 24
$10.0M
$265.2M
Q3 24
$13.0M
$309.7M
Q2 24
$30.0M
$177.3M
Stockholders' Equity
CNM
CNM
SFM
SFM
Q1 26
$1.4B
Q4 25
$2.0B
$1.4B
Q3 25
$1.9B
$1.4B
Q2 25
$1.7B
$1.4B
Q1 25
$1.7B
$1.3B
Q4 24
$1.7B
$1.3B
Q3 24
$1.6B
$1.3B
Q2 24
$1.6B
$1.3B
Total Assets
CNM
CNM
SFM
SFM
Q1 26
$4.3B
Q4 25
$6.3B
$4.2B
Q3 25
$6.3B
$4.0B
Q2 25
$6.3B
$3.8B
Q1 25
$5.9B
$3.7B
Q4 24
$6.2B
$3.6B
Q3 24
$6.1B
$3.6B
Q2 24
$6.0B
$3.4B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CNM
CNM
SFM
SFM
Operating Cash FlowLast quarter
$271.0M
Free Cash FlowOCF − Capex
$263.0M
FCF MarginFCF / Revenue
12.8%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
1.98×
TTM Free Cash FlowTrailing 4 quarters
$575.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNM
CNM
SFM
SFM
Q1 26
Q4 25
$271.0M
$138.5M
Q3 25
$34.0M
$167.1M
Q2 25
$77.0M
$111.2M
Q1 25
$235.0M
$299.1M
Q4 24
$260.0M
$124.9M
Q3 24
$48.0M
$209.1M
Q2 24
$78.0M
$91.6M
Free Cash Flow
CNM
CNM
SFM
SFM
Q1 26
Q4 25
$263.0M
$66.3M
Q3 25
$24.0M
$111.4M
Q2 25
$64.0M
$50.4M
Q1 25
$224.0M
$239.6M
Q4 24
$252.0M
$56.2M
Q3 24
$39.0M
$156.3M
Q2 24
$71.0M
$33.9M
FCF Margin
CNM
CNM
SFM
SFM
Q1 26
Q4 25
12.8%
3.1%
Q3 25
1.1%
5.1%
Q2 25
3.3%
2.3%
Q1 25
13.2%
10.7%
Q4 24
12.4%
2.8%
Q3 24
2.0%
8.0%
Q2 24
4.1%
1.8%
Capex Intensity
CNM
CNM
SFM
SFM
Q1 26
Q4 25
0.4%
3.4%
Q3 25
0.5%
2.5%
Q2 25
0.7%
2.7%
Q1 25
0.6%
2.7%
Q4 24
0.4%
3.4%
Q3 24
0.5%
2.7%
Q2 24
0.4%
3.0%
Cash Conversion
CNM
CNM
SFM
SFM
Q1 26
Q4 25
1.98×
1.54×
Q3 25
0.25×
1.39×
Q2 25
0.77×
0.83×
Q1 25
3.67×
1.66×
Q4 24
1.95×
1.57×
Q3 24
0.40×
2.28×
Q2 24
0.82×
0.96×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CNM
CNM

Pipes Valves And Fitting Products$1.4B67%
Storm Drainage Products$333.0M16%
Meter Products$195.0M9%
Fire Protection Products$152.0M7%

SFM
SFM

Segment breakdown not available.

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