Core & Main profit margin CNM
Gross, operating and net profit as a share of revenue over the last twelve months, from 2021.
- Net margin, 12 months
- 6.0%
- Operating margin, 12 months
- 9.6%
- Net margin on a year earlier
- +0.4 pts
- Peer median
- 5.0%
Over the twelve months to Aug 2, 2026, Core & Main kept 6.0% of its revenue as net profit, with an operating margin of 9.6% and a gross margin of 27.0%.
Five years earlier its net margin was 1.8%.
The median for 10 industrial distribution stocks of a similar size is 5.0%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 5.8% | 9.4% | 26.9% |
| FY2024 | 5.5% | 9.7% | 26.6% |
| FY2023 | 5.5% | 11.0% | 27.1% |
| FY2022 | 5.5% | 11.7% | 27.0% |
| FY2021 | 3.3% | 8.5% | 25.6% |
| FY2020 | 1.0% | 5.1% | 24.1% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 6.0% | +0.4 pts | 9.6% | |
| Q1 FY26 | 5.9% | +0.4 pts | 9.5% | |
| Q4 FY25 | 5.8% | +0.2 pts | 9.4% | |
| Q3 FY25 | 5.6% | −0.1 pts | 9.4% | |
| Q2 FY25 | 5.6% | −0.0 pts | 9.4% | |
| Q1 FY25 | 5.5% | −0.1 pts | 9.5% | |
| Q4 FY24 | 5.5% | −0.0 pts | 9.7% | |
| Q3 FY24 | 5.7% | +0.3 pts | 9.9% | |
| Q2 FY24 | 5.6% | +0.1 pts | 10.1% | |
| Q1 FY24 | 5.5% | +0.0 pts | 10.6% | |
| Q4 FY23 | 5.5% | +0.0 pts | 11.0% | |
| Q3 FY23 | 5.5% | −0.1 pts | 11.3% |
Against its peers
Companies in Industrial - Distribution nearest Core & Main's size, closest first, today.
| Company | Profit margin |
|---|---|
| CNMCore & Main | 6.0% |
| POOLPool | 7.4% |
| MSMMSC Industrial Direct | 5.9% |
| AITApplied Industrial Technologies | 8.3% |
| WSOWatsco | 6.5% |
| SITESiteOne Landscape Supply | 3.5% |
| LKQLKQ | 3.4% |
| WCCWESCO International | 2.8% |
| BCCBOISE CASCADE | 1.6% |
| REZIResideo Technologies | 5.6% |
| DXPEDXP Enterprises | 4.4% |
| Peer median | 5.0% |
Where Core & Main ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Core & Main
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.