Balance Sheet Core & Main, Inc.

Equities

CNM

US21874C1027

Industrial Machinery & Equipment

Market Closed - Nyse Other stock markets 04:00:02 2025-12-11 pm EST			5-day change	1st Jan Change
56.79 ^USD	+2.88%		+13.85%	+11.55%

Dec. 11	Deutsche Bank Raises Price Target on Core & Main to $65 From $63, Keeps Buy Rating	MT
Dec. 09	Tranche Update on Core & Main, Inc.'s Equity Buyback Plan announced on June 12, 2024.	CI

389b6baaefa8c972b42807dee.uMwJItjSHL_6mghqf3cNUC0HwwnbWS3Nvptb2lrEQSw.3L9IG7SxbPierDgiUjhMAndwjT25b0C9_MhojS6wCRjPvz9xk_9J14L1TQ

Published financial data: CORE & MAIN, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2021	2022	2023	2024	2025
Revenues	3.64B	5B	6.65B	6.7B	7.44B
Total Revenues	3.64B	5B	6.65B	6.7B	7.44B
Cost of Goods Sold, Total	2.76B	3.72B	4.86B	4.88B	5.46B
Gross Profit	878M	1.28B	1.8B	1.82B	1.98B
Selling General & Admin Expenses, Total	554M	710M	880M	926M	1.08B
Depreciation & Amortization - (IS)	137M	138M	140M	147M	183M
Other Operating Expenses, Total	691M	848M	1.02B	1.07B	1.26B
Operating Income	187M	432M	775M	745M	719M
Interest Expense, Total	-139M	-98M	-66M	-81M	-142M
Net Interest Expenses	-139M	-98M	-66M	-81M	-142M
EBT, Excl. Unusual Items	48.2M	334M	709M	664M	577M
Merger & Related Restructuring Charges	-1.5M	-2M	-	-	-
Other Unusual Items	-300K	-56M	-	-5M	-
EBT, Incl. Unusual Items	46.4M	276M	709M	659M	577M
Income Tax Expense	1.9M	51M	128M	128M	143M
Earnings From Continuing Operations	44.5M	225M	581M	531M	434M
Net Income to Company	44.5M	225M	581M	531M	434M
Minority Interest	-	-59M	-215M	-160M	-23M
Net Income - (IS)	44.5M	166M	366M	371M	411M
Preferred Dividend and Other Adjustments	-	76M	-	-	-
Net Income to Common Incl Extra Items	44.5M	90M	366M	371M	411M
Net Income to Common Excl. Extra Items	44.5M	90M	366M	371M	411M
Per Share Items
Net EPS - Basic	0.48	0.57	2.16	2.15	2.14
Basic EPS - Continuing Operations	0.48	0.57	2.16	2.15	2.14
Basic Weighted Average Shares Outstanding	92.09M	159M	169M	173M	192M
Net EPS - Diluted	0.48	0.55	2.13	2.15	2.13
Diluted EPS - Continuing Operations	0.48	0.55	2.13	2.15	2.13
Diluted Weighted Average Shares Outstanding	92.09M	244M	246M	228M	201M
Normalized Basic EPS	0.33	0.94	1.35	1.48	1.76
Normalized Diluted EPS	0.33	0.61	0.93	1.12	1.68
Payout Ratio	46.97	-	-	-	-
Supplemental Items
EBITDA	340M	582M	923M	899M	913M
EBITA	305M	552M	895M	867M	870M
EBIT	187M	432M	775M	745M	719M
EBITDAR	393M	640M	992M	979M	1.01B
Effective Tax Rate - (Ratio)	4.09	18.48	18.05	19.42	24.78
Current Domestic Taxes	2.8M	68M	135M	126M	130M
Total Current Taxes	2.8M	68M	135M	126M	130M
Deferred Domestic Taxes	-900K	-17M	-7M	2M	13M
Total Deferred Taxes	-900K	-17M	-7M	2M	13M
Normalized Net Income	30.12M	150M	228M	255M	338M
Interest on Long-Term Debt	-	98M	66M	81M	-
Supplemental Operating Expense Items
Advertising Expense	2M	-	-	-	-
Selling and Marketing Expenses	2M	-	-	-	-
Net Rental Expense, Total	53.4M	58M	69M	80M	98M
Imputed Operating Lease Interest Expense	26.17M	22.64M	22.37M	27.98M	48.65M
Imputed Operating Lease Depreciation	27.23M	35.36M	46.63M	52.02M	49.35M
Stock-Based Comp., SG&A Exp. (Total)	-	25M	11M	10M	-
Stock-Based Comp., Other (Total)	4.1M	-	-	-	14M
Total Stock-Based Compensation	4.1M	25M	11M	10M	14M

Fiscal Period: February	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	381M	1M	177M	1M	8M
Total Cash And Short Term Investments	381M	1M	177M	1M	8M
Accounts Receivable, Total	557M	784M	851M	888M	986M
Other Receivables	-	100M	104M	85M	80M
Total Receivables	557M	884M	955M	973M	1.07B
Inventory	384M	856M	1.05B	766M	908M
Prepaid Expenses	15.6M	26M	32M	33M	43M
Total Current Assets	1.34B	1.77B	2.21B	1.77B	2.02B
Gross Property Plant And Equipment	273M	321M	387M	477M	580M
Accumulated Depreciation	-61.2M	-79M	-107M	-134M	-168M
Net Property Plant And Equipment	212M	242M	280M	343M	412M
Long-term Investments	-	31M	84M	67M	40M
Goodwill	1.12B	1.52B	1.54B	1.56B	1.9B
Other Intangibles, Total	922M	875M	795M	784M	935M
Deferred Tax Assets Long-Term	-	-	-	542M	558M
Other Long-Term Assets, Total	-	4M	4M	-1M	2M
Total Assets	3.59B	4.43B	4.91B	5.07B	5.87B
Liabilities
Accounts Payable, Total	326M	608M	479M	504M	562M
Accrued Expenses, Total	119M	129M	123M	106M	123M
Current Portion of Long-Term Debt	13M	15M	15M	15M	24M
Current Portion of Leases	42.8M	49M	54M	55M	67M
Current Income Taxes Payable	-	12M	-	-	-
Other Current Liabilities	18.8M	26M	55M	94M	90M
Total Current Liabilities	519M	839M	726M	774M	866M
Long-Term Debt	2.25B	1.46B	1.44B	1.86B	2.24B
Long-Term Leases	85.9M	103M	121M	138M	178M
Deferred Tax Liability Non Current	32.1M	35M	9M	48M	87M
Other Non Current Liabilities	31M	170M	199M	722M	728M
Total Liabilities	2.92B	2.6B	2.5B	3.54B	4.1B
Common Stock, Total	674M	3M	3M	2M	2M
Additional Paid In Capital	-	1.21B	1.24B	1.21B	1.22B
Retained Earnings	-	92M	458M	189M	449M
Comprehensive Income and Other	-	16M	45M	46M	27M
Total Common Equity	674M	1.32B	1.75B	1.45B	1.7B
Minority Interest	-	506M	663M	73M	76M
Total Equity	674M	1.83B	2.41B	1.52B	1.77B
Total Liabilities And Equity	3.59B	4.43B	4.91B	5.07B	5.87B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	92.09M	168M	173M	192M	190M
ECS Total Common Shares Outstanding	92.09M	168M	173M	192M	190M
Book Value / Share	7.32	7.91	10.11	7.57	8.95
Tangible Book Value	-1.37B	-1.06B	-583M	-894M	-1.14B
Tangible Book Value Per Share	-14.88	-6.36	-3.37	-4.66	-5.98
Total Debt	2.39B	1.62B	1.63B	2.07B	2.51B
Net Debt	2.01B	1.62B	1.46B	2.07B	2.5B
Debt Equivalent Oper. Leases	427M	464M	552M	640M	784M
Minority Interest, Total (Incl. Fin. Div)	-	506M	663M	73M	76M
Account Code - Inventory Valuation	6	6	6	6	6
Land - (BS)	23.1M	23M	24M	38M	38M
Buildings, Total	31.5M	39M	56M	80M	85M
Machinery, Total	87.2M	101M	110M	139M	177M
Full Time Employees	3.7K	4.1K	4.5K	5K	5.7K
Accumulated Allowance for Doubtful Accounts (Supple)	4.6M	5M	9M	12M	18M

Fiscal Period: February	2021	2022	2023	2024	2025
Net Income	44.5M	166M	366M	371M	411M
Depreciation & Amortization - CF	35.2M	30M	28M	32M	43M
Amortization of Goodwill and Intangible Assets - (CF)	118M	120M	120M	122M	151M
Depreciation & Amortization, Total	153M	150M	148M	154M	194M
Stock-Based Compensation (CF)	-	25M	11M	10M	14M
Provision and Write-off of Bad Debts	1.7M	2M	-	-	-
Other Operating Activities, Total	3.8M	92M	215M	167M	44M
Change In Accounts Receivable	-27.7M	-312M	-51M	21M	-2M
Change In Inventories	-27.1M	-440M	-149M	328M	-36M
Change In Accounts Payable	40.3M	274M	-140M	11M	14M
Change in Other Net Operating Assets	31.6M	12M	1M	7M	-18M
Cash from Operations	220M	-31M	401M	1.07B	621M
Capital Expenditure	-11.9M	-20M	-25M	-39M	-35M
Sale of Property, Plant, and Equipment	200K	1M	1M	-	-
Cash Acquisitions	-217M	-179M	-128M	-231M	-741M
Other Investing Activities, Total	-	-5M	-	-	-12M
Cash from Investing	-229M	-203M	-152M	-270M	-788M
Short Term Debt Issued, Total	-	18M	244M	-	-
Long-Term Debt Issued, Total	710M	1.5B	-	665M	1.72B
Total Debt Issued	710M	1.52B	244M	665M	1.72B
Short Term Debt Repaid, Total	-	-18M	-244M	-	-
Long-Term Debt Repaid, Total	-473M	-2.32B	-15M	-250M	-1.33B
Total Debt Repaid	-473M	-2.34B	-259M	-250M	-1.33B
Issuance of Common Stock	1.2M	764M	1M	-	-
Repurchase of Common Stock	-	-	-	-1.34B	-176M
Common Dividends Paid	-20.9M	-	-	-	-
Common & Preferred Stock Dividends Paid	-20.9M	-	-	-	-
Other Financing Activities, Total	-8.2M	-91M	-59M	-46M	-41M
Cash from Financing	209M	-146M	-73M	-975M	174M
Net Change in Cash	200M	-380M	176M	-176M	7M
Supplemental Items
Cash Interest Paid	123M	126M	74M	105M	197M
Cash Income Tax Paid (Refund)	-	55M	147M	116M	143M
Levered Free Cash Flow	162M	-137M	191M	849M	360M
Unlevered Free Cash Flow	249M	-76M	232M	900M	448M
Change In Net Working Capital	13.3M	501M	386M	-309M	174M
Net Debt Issued / Repaid	237M	-819M	-15M	415M	391M

Fiscal Period: February	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.45	6.46	10.37	9.33	8.22
Return on Total Capital	4	8.12	12.92	12.19	11.41
Return On Equity %	6.77	17.1	27.4	27	26.32
Return on Common Equity	6.77	8.47	23.83	23.2	26.1
Margin Analysis
Gross Profit Margin %	24.12	25.58	26.99	27.13	26.61
SG&A Margin	15.2	14.19	13.23	13.82	14.49
EBITDA Margin %	9.33	11.63	13.88	13.41	12.27
EBITA Margin %	8.37	11.03	13.46	12.94	11.69
EBIT Margin %	5.14	8.63	11.65	11.12	9.66
Income From Continuing Operations Margin %	1.22	4.5	8.74	7.92	5.83
Net Income Margin %	1.22	3.32	5.5	5.54	5.52
Net Avail. For Common Margin %	1.22	1.8	5.5	5.54	5.52
Normalized Net Income Margin	0.83	2.99	3.43	3.8	4.54
Levered Free Cash Flow Margin	4.44	-2.74	2.87	12.67	4.83
Unlevered Free Cash Flow Margin	6.83	-1.52	3.49	13.42	6.03
Asset Turnover
Asset Turnover	1.07	1.2	1.42	1.34	1.36
Fixed Assets Turnover	17.41	22	25.29	21.52	19.71
Receivables Turnover (Average Receivables)	6.87	7.82	8.14	7.71	7.94
Inventory Turnover (Average Inventory)	7.68	6.01	5.1	5.39	6.52
Short Term Liquidity
Current Ratio	2.58	2.11	3.05	2.29	2.34
Quick Ratio	1.81	1.05	1.56	1.26	1.24
Operating Cash Flow to Current Liabilities	0.42	-0.04	0.55	1.38	0.72
Days Sales Outstanding (Average Receivables)	53.01	46.52	44.74	47.22	46.72
Days Outstanding Inventory (Average Inventory)	47.4	60.6	71.32	67.56	56.86
Average Days Payable Outstanding	38.41	40.51	39.2	38.87	35.29
Cash Conversion Cycle (Average Days)	62.01	66.61	76.87	75.92	68.29
Long Term Solvency
Total Debt/Equity	355.16	88.64	67.8	135.89	141.26
Total Debt / Total Capital	78.03	46.99	40.41	57.61	58.55
LT Debt/Equity	346.88	85.14	64.94	131.3	136.13
Long-Term Debt / Total Capital	76.21	45.14	38.7	55.66	56.43
Total Liabilities / Total Assets	81.25	58.71	50.91	69.93	69.78
EBIT / Interest Expense	1.35	4.41	11.74	9.2	5.06
EBITDA / Interest Expense	2.83	6.53	15.03	12.09	7.12
(EBITDA - Capex) / Interest Expense	2.74	6.33	14.65	11.6	6.87
Total Debt / EBITDA	6.08	2.54	1.65	2.12	2.48
Net Debt / EBITDA	5.12	2.53	1.47	2.11	2.47
Total Debt / (EBITDA - Capex)	6.27	2.62	1.69	2.2	2.57
Net Debt / (EBITDA - Capex)	5.28	2.62	1.51	2.2	2.56
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	7.49	37.4	32.91	0.77	11.03
Gross Profit, 1 Yr. Growth %	11.3	45.79	40.23	1.28	8.91
EBITDA, 1 Yr. Growth %	15.53	71.68	59.14	-2.71	2.13
EBITA, 1 Yr. Growth %	16.07	81.58	62.73	-3.24	0.93
EBIT, 1 Yr. Growth %	19.99	132.26	80.23	-3.99	-2.84
Earnings From Cont. Operations, 1 Yr. Growth %	8.01	508.11	158.22	-8.61	-18.27
Net Income, 1 Yr. Growth %	8.01	348.65	120.48	1.37	10.78
Normalized Net Income, 1 Yr. Growth %	13.68	409.79	53.62	11.48	34.04
Diluted EPS Before Extra, 1 Yr. Growth %	7.92	36.43	288.98	0.67	-0.78
Accounts Receivable, 1 Yr. Growth %	10.48	58.38	8.55	4.35	11.04
Inventory, 1 Yr. Growth %	14.19	122.92	22.31	-26.84	18.54
Net Property, Plant and Equip., 1 Yr. Growth %	2.86	13.62	13.82	22.5	20.12
Total Assets, 1 Yr. Growth %	12.32	13	10.71	3.26	15.8
Tangible Book Value, 1 Yr. Growth %	4.51	-32.3	-45.05	53.34	26.96
Common Equity, 1 Yr. Growth %	5.05	65.42	31.85	-16.94	17.02
Cash From Operations, 1 Yr. Growth %	6.44	-114.49	-1.39K	166.58	-41.91
Capital Expenditures, 1 Yr. Growth %	-14.39	66.67	25	56	-10.26
Levered Free Cash Flow, 1 Yr. Growth %	-	-183.7	-238	342.76	-57.48
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-130.3	-400.81	286.11	-49.99
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.66	21.51	35.14	15.73	5.77
Gross Profit, 2 Yr. CAGR %	11.17	27.37	42.98	19.18	5.03
EBITDA, 2 Yr. CAGR %	13.61	40.46	65.25	24.5	-0.54
EBITA, 2 Yr. CAGR %	13.41	44.6	71.87	25.55	-1.41
EBIT, 2 Yr. CAGR %	15.21	65.88	104.68	31.63	-3.68
Earnings From Cont. Operations, 2 Yr. CAGR %	10.27	150	296.27	53.62	-13.57
Net Income, 2 Yr. CAGR %	10.27	114.74	214.51	49.5	5.97
Normalized Net Income, 2 Yr. CAGR %	9.77	133.36	181.69	31.04	21.66
Diluted EPS Before Extra, 2 Yr. CAGR %	10.18	18.36	130.36	97.88	-0.06
Accounts Receivable, 2 Yr. CAGR %	-	24.72	31.12	6.43	7.64
Inventory, 2 Yr. CAGR %	-	59.59	65.12	-5.4	-6.87
Net Property, Plant and Equip., 2 Yr. CAGR %	-	8.31	14.65	18.08	21.3
Total Assets, 2 Yr. CAGR %	-	17.72	11.85	6.92	9.35
Tangible Book Value, 2 Yr. CAGR %	-	-9.88	-39.12	-8.21	39.53
Common Equity, 2 Yr. CAGR %	-	43.72	47.68	4.65	-1.41
Cash From Operations, 2 Yr. CAGR %	47.59	-60.03	36.89	487.23	24.44
Capital Expenditures, 2 Yr. CAGR %	-7.47	19.52	44.34	39.64	18.32
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	8.17	147.59	37.17
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-3.63	241.26	38.91
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	16.05	25.2	22.54	14.14
Gross Profit, 3 Yr. CAGR %	-	21.66	31.52	27.46	15.65
EBITDA, 3 Yr. CAGR %	-	30.25	46.26	38.55	16.33
EBITA, 3 Yr. CAGR %	-	32.56	50.22	41.97	16.52
EBIT, 3 Yr. CAGR %	-	45.21	70.27	59.1	18.69
Earnings From Cont. Operations, 3 Yr. CAGR %	-	83.19	152.71	143.01	24.48
Net Income, 3 Yr. CAGR %	-	65.53	116.63	115.64	35.28
Normalized Net Income, 3 Yr. CAGR %	-	81.61	102.43	107	31.49
Diluted EPS Before Extra, 3 Yr. CAGR %	-	11.25	75.98	74.81	57.2
Accounts Receivable, 3 Yr. CAGR %	-	-	19.08	21.51	7.94
Inventory, 3 Yr. CAGR %	-	-	46.05	25.88	1.99
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	10.72	17.21	18.76
Total Assets, 3 Yr. CAGR %	-	-	15.34	8.91	9.8
Tangible Book Value, 3 Yr. CAGR %	-	-	-23.68	-17.17	2.27
Common Equity, 3 Yr. CAGR %	-	-	39.65	21.9	8.62
Cash From Operations, 3 Yr. CAGR %	-	-32.52	27.38	70.94	171.59
Capital Expenditures, 3 Yr. CAGR %	-	12.89	21.32	48.12	20.51
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	73.22	37.45
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	53.19	79.71
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	15.92	17.03
Gross Profit, 5 Yr. CAGR %	-	-	-	20.66	20.2
EBITDA, 5 Yr. CAGR %	-	-	-	27.83	25.35
EBITA, 5 Yr. CAGR %	-	-	-	29.61	26.94
EBIT, 5 Yr. CAGR %	-	-	-	39.48	35.57
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	70.74	64.53
Net Income, 5 Yr. CAGR %	-	-	-	58.92	62.75
Normalized Net Income, 5 Yr. CAGR %	-	-	-	59.12	65.13
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	40.07	40.33
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	14.36
Inventory, 5 Yr. CAGR %	-	-	-	-	21.99
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	14.84
Total Assets, 5 Yr. CAGR %	-	-	-	-	12.91
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	-2.85
Common Equity, 5 Yr. CAGR %	-	-	-	-	21.49
Cash From Operations, 5 Yr. CAGR %	-	-	-	60.33	26.2
Capital Expenditures, 5 Yr. CAGR %	-	-	-	22.92	20.11