The financials
Core & Main, Inc. by the numbers
Core & Main, Inc. (CNM) reported revenue of $1.91B in Q1 2026 (quarter ended May 3, 2026), down 0.1% from the same quarter a year earlier. That came with a gross margin of 27% and net income of $108M (5.7% of revenue). For the full year FY2025, revenue was $7.65B (+2.8% year on year) and net income $441M. Its largest product in 2026-Q2 was Pipes Valves And Fitting Products at $1.27B, 67% of the disclosed total, just ahead of Storm Drainage Products at 15%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $1.91B | $1.91B | −0.1% |
| Gross profit | $520M | $510M | +2.0% |
| Operating income | $177M | $171M | +3.5% |
| Net income | $108M | $100M | +8.0% |
| Diluted EPS | $0.57 | $0.52 | +9.6% |
| Product | Revenue | Share |
|---|---|---|
| Pipes Valves And Fitting Products | $1.27B | 67% |
| Storm Drainage Products | $278M | 15% |
| Meter Products | $180M | 9.4% |
| Fire Protection Products | $178M | 9.3% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $1.91B (-7.4%)
Fire Protection Products grew +17% year on yearStorm Drainage Products -5.8% year on year
Segment Latestquarter on quarteryear on year
- Pipes Valves And Fitting Products$1.27B$1.27BQoQ -7.8%year on year -1.8%-7.8%-1.8%
- Storm Drainage Products$278.0M$278.0MQoQ -17%year on year -5.8%-17%-5.8%
- Meter Products$180.0M$180.0MQoQ -7.7%year on year +7.8%-7.7%+7.8%
- Fire Protection Products$178.0M$178.0MQoQ +17%year on year +17%+17%+17%
Industrial Distribution
Ranks #4 of 17 by Smart Score