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What this page is: Delvantic's full research page for Core & Main Inc. (CNM) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
Page map (sections in order; each card carries a stable
reference-name attribute you can cite):
profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
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any ticker resolves at delvantic.com/stock/TICKER ·
raw inputs are public-company filings and market data (via licensed data feeds);
every model, score, lens read, and prediction on this page is Delvantic's own analysis.
Industrials · Industrial Distribution
Saint Louis, MO 63146, United States
coreandmain.com
Price
$46.17
Market Cap
$9.0B
Employees
5,600
Beta
0.92
Avg Volume
2,189,797
CEO
Mr. Mark R. Witkowski CPA
Core & Main Inc. is a leading distributor of water, wastewater, storm drainage, and fire protection products in the United States. The company plays a crucial role in providing essential infrastructure solutions to communities, municipalities, and private organizations. Core & Main serves a diverse range of industries, including utilities, construction, and industrial sectors, supplying them with a comprehensive range of pipes, fittings, valves, hydrants, meters, and other critical components essential for waterworks projects. With its extensive distribution network, Core & Main ensures efficient delivery and accessibility of these products, supporting the development and maintenance of vital infrastructure. Founded initially as a division of HD Supply, Core & Main has established itself as a key player in the water infrastructure market, contributing to the reliability and sustainability of water management and distribution systems across the nation.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 10 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Jun 10, 2026.
EPS surprise history — vs analyst consensus · 4 prints of vendor history
+8.2%
Jan '26
+3.3%
Feb '26
+12.1%
Mar '26
-1.8%
Jun '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Jun 10, 2026 | $0.57 | $0.56 -1.8% | — | — |
| Mar 24, 2026 | $0.33 | $0.37 +12.1% | — | — |
| Feb 17, 2026 | $3.94 | $4.07 +3.3% | — | — |
| Jan 27, 2026 | $2.20 | $2.38 +8.2% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
| Filed | Form | Document |
|---|---|---|
| Aug 5, 2026 | 4 | View |
| Jul 23, 2026 | 4 | View |
| Jul 8, 2026 | 4 | View |
| Jul 2, 2026 | 8-K | View |
| Jun 30, 2026 | 144 | View |
| Jun 25, 2026 | 8-K | View |
| Jun 24, 2026 | 4 | View |
| Jun 24, 2026 | 4 | View |
| Jun 24, 2026 | 4 | View |
| Jun 24, 2026 | 4 | View |
| Jun 24, 2026 | 4 | View |
| Jun 24, 2026 | 4 | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 11, 2026 9:55am (just now)
Current data · timestamped when a report runs
$46.53
Change · Aug 11
+0.23 (+0.49%)
Day Range
$46.18 – $46.78
52-Week Range
$41.88 – $67.18
50-Day MA
$46.73
200-Day MA
$50.52
Volume
1,689.00
Share Structure
Outstanding
187,866,769.00
Float
186,445,932.00
Free Float
99.2%
High free float
— 99.2% of shares trade freely, ~0.8% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
19.99
Stock Price: $46.17
EPS (Diluted): 2.31
EPS (Diluted): 2.31
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
4.40
Stock Price: $46.17
Total Equity: $2.07B
Shares: 197,861,786
Total Equity: $2.07B
Shares: 197,861,786
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
11.97
Market Cap: $9.01B
Total Debt: $2.15B
Cash: $220.00M
EBITDA: $914.00M
Total Debt: $2.15B
Cash: $220.00M
EBITDA: $914.00M
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$10.9B
Market Cap: $9.01B
Total Debt: $2.15B
Cash: $220.00M
Total Debt: $2.15B
Cash: $220.00M
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
26.9%
Gross Profit: $2.06B
Revenue: $7.65B
Revenue: $7.65B
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
9.4%
Operating Income: $722.00M
Revenue: $7.65B
Revenue: $7.65B
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
5.8%
Net Income: $441.00M
Revenue: $7.65B
Revenue: $7.65B
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
21.3%
Net Income: $441.00M
Total Equity: $2.07B
Total Equity: $2.07B
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
13.7%
Operating Income: $722.00M
Tax Rate: 23.9%
Equity: $2.07B
Total Debt: $2.15B
Cash: $220.00M
Tax Rate: 23.9%
Equity: $2.07B
Total Debt: $2.15B
Cash: $220.00M
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
2.63
Current Assets: $2.30B
Current Liabilities: $874.00M
Current Liabilities: $874.00M
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
1.04
Short-Term Debt: $24.00M
Long-Term Debt: $2.12B
Total Debt: $2.15B
Total Equity: $2.07B
Long-Term Debt: $2.12B
Total Debt: $2.15B
Total Equity: $2.07B
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$38.65
Revenue: $7.65B
Shares: 197,861,786
Shares: 197,861,786
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$10.48
Total Equity: $2.07B
Shares: 197,861,786
Shares: 197,861,786
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$3.05
Operating CF: $650.00M
CapEx: -$46.00M
Shares: 197,861,786
CapEx: -$46.00M
Shares: 197,861,786
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
—
Last Dividend: $0.00
Stock Price: $46.17
Stock Price: $46.17
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $441.00M
Net Income: $441.00M
Dividends paid not available in cash flow statement
Income Statement (Annual)
Last updated: Aug 10, 2026 1:47pm (20h ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $5.0B | $6.7B | $6.7B | $7.4B | $7.6B |
| Cost of Revenue | $3.7B | $4.9B | $4.9B | $5.5B | $5.6B |
| Gross Profit | $1.3B | $1.8B | $1.8B | $2.0B | $2.1B |
| Operating Expenses | $855.0M | $1.0B | $1.1B | $1.3B | $1.3B |
| Operating Income | $425.0M | $775.0M | $740.0M | $719.0M | $722.0M |
| Net Income | $166.0M | $366.0M | $371.0M | $411.0M | $441.0M |
| EBITDA | $575.0M | $923.0M | $894.0M | $913.0M | $914.0M |
| EPS | $0.57 | $2.16 | $2.15 | $2.14 | $2.32 |
| EPS (Diluted) | $0.55 | $2.13 | $2.15 | $2.13 | $2.31 |
Balance Sheet (Annual)
Last updated: Aug 10, 2026 1:47pm (20h ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.0M | $177.0M | $1.0M | $8.0M | $220.0M |
| Total Current Assets | $1.8B | $2.2B | $1.8B | $2.0B | $2.3B |
| Total Assets | $4.4B | $4.9B | $5.1B | $5.9B | $6.1B |
| Current Liabilities | $839.0M | $726.0M | $774.0M | $866.0M | $874.0M |
| Long-Term Debt | $1.5B | $1.4B | $1.9B | $2.2B | $2.1B |
| Total Liabilities | $2.6B | $2.5B | $3.5B | $4.1B | $4.0B |
| Total Equity | $1.8B | $2.4B | $1.5B | $1.8B | $2.1B |
| Retained Earnings | $92.0M | $458.0M | $189.0M | $449.0M | $755.0M |
Cash Flow (Annual)
Last updated: Aug 10, 2026 1:47pm (20h ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$31.0M | $401.0M | $1.1B | $621.0M | $650.0M |
| Capital Expenditure | -$20.0M | -$25.0M | -$39.0M | -$35.0M | -$46.0M |
| Free Cash Flow | -$51.0M | $376.0M | $1.0B | $586.0M | $604.0M |
| Acquisitions (net) | -$179.0M | -$128.0M | -$231.0M | -$741.0M | -$61.0M |
| Net Debt Issued / (Repaid) | $1.5B | $0 | $0 | $950.0M | $0 |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | -$1.3B | -$176.0M | -$155.0M |
| Net Change in Cash | -$380.0M | $176.0M | -$176.0M | $7.0M | $212.0M |
Growth Trends (YoY %)
Last updated: Aug 10, 2026 1:47pm (20h ago)| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue Growth | +32.9% | +0.8% | +11.0% | +2.8% |
| Gross Profit Growth | +40.2% | +1.3% | +8.9% | +4.0% |
| Operating Income Growth | +82.4% | -4.5% | -2.8% | +0.4% |
| Net Income Growth | +120.5% | +1.4% | +10.8% | +7.3% |
| EBITDA Growth | +60.5% | -3.1% | +2.1% | +0.1% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-07-22 | HUEBERT MICHAEL G. | F-InKind | 1,301.00 | $43.75 | $56,919 |
Industry Benchmarks
Compares CNM against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for CNM — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for CNM — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for CNM — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for CNM — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
No community reviews yet for CNM.
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Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.525 · a5aac093 · 2026-08-10 20:52:14