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Core & Main

Logo: Core & Main, Public domain, via Wikimedia Commons5

American industrial company

Core & Main, headquartered in St. Louis, Missouri, distributes products used for water, wastewater, storm drainage, and fire protection in the United States.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 19, 2026.

Overview

$7.6BRevenue, fiscal 20266
$441.0MNet income, fiscal 20266
Aug 2017Founded1

Compare with ALLIANCE ENTERTAINMENT HOLDING CORP, Greenlane Holdings, Inc. or Cyclacel, or pick any stock.

  • TickerCNM on NYSE1
  • Industryinfrastructure industry1
  • HeadquartersSt. Louis1
  • Websitecoreandmain.com
  • Legal formlimited partnership1
  • Incorporated inDE7
  • Business address1830 Craig Park Court, St. Louis, Mo 631467
  • Filer categoryLarge accelerated filer7
  • Kind of organizationLimited partnership1
  • LEI549300ZSLF8Q660SCD174
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 32301-2525 Tallahassee, United States4
  • Registered withFlorida Division of Corporations, A040000018404

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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.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

26.9%Gross margin6
9.4%Operating margin6
5.8%Net margin6
2.8%Revenue growth, 20266
22.1%Return on equity6
1.06×Debt to equity6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Pipes, Valves, And Fitting Products brought in 67% of the revenue Core & Main broke down this way in fiscal 2026.

  1. Pipes, Valves, And Fitting Products$5.1B667%up 3% from 2025
  2. Storm Drainage Products$1.2B616%up 4% from 2025
  3. Meter Products$716.0M69%up 3% from 2025
  4. Fire Protection Products$600.0M68%up 1% from 2025
Products and services by year
Products and services202420252026
Pipes, Valves, And Fitting Products$4.5B$5.0B$5.1B
Storm Drainage Products$985.0M$1.1B$1.2B
Meter Products$525.0M$692.0M$716.0M
Fire Protection Products$688.0M$596.0M$600.0M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue73¢$5.6B
  • Selling, general and admin15¢$1.2B
  • Other costs4¢$319.0M
  • Income tax2¢$145.0M
  • Profit6¢$441.0M

Out of $7.6B in revenue.6

Where each dollar of operating cash went, fiscal 2026

  • Share buybacks24¢$155.0M
  • Kept or used elsewhere76¢$495.0M

Out of $650.0M of cash from operations.6

Financial statements

Revenue91011126$7.6B in 2026+126% since 2020
0$2.0B$4.0B$6.0B$8.0B2020: $3.4B$3.4B20202021: $3.6B$3.6B2021+7%2022: $5.0B$5.0B2022+37%2023: $6.7B$6.7B2023+33%2024: $6.7B$6.7B2024+1%2025: $7.4B$7.4B2025+11%2026: $7.6B$7.6B2026+3%
Gross profit91011126$2.1B in 2026+161% since 2020
0$1.0B$2.0B$3.0B2020: $789.0M$789.0M20202021: $878.0M$878.0M2021+11%2022: $1.3B$1.3B2022+46%2023: $1.8B$1.8B2023+40%2024: $1.8B$1.8B2024+1%2025: $2.0B$2.0B2025+9%2026: $2.1B$2.1B2026+4%
Operating income91011126$722.0M in 2026+366% since 2020
0$200.0M$400.0M$600.0M$800.0M2020: $155.0M$155.0M20202021: $185.0M$185.0M2021+19%2022: $425.0M$425.0M2022+130%2023: $775.0M$775.0M2023+82%2024: $740.0M$740.0M2024−5%2025: $719.0M$719.0M2025−3%2026: $722.0M$722.0M2026+0%
Net income91011126$441.0M in 2026+1125% since 2020
0$200.0M$400.0M$600.0M2020: $36.0M$36.0M20202021: $37.0M$37.0M2021+3%2022: $166.0M$166.0M2022+349%2023: $366.0M$366.0M2023+120%2024: $371.0M$371.0M2024+1%2025: $411.0M$411.0M2025+11%2026: $441.0M$441.0M2026+7%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2026-01-312025-01-312024-01-31
Net sales$7.6B$7.4B$6.7B
Cost of sales$5.6B$5.5B$4.9B
Gross profit$2.1B$2.0B$1.8B
Selling, general and administrative$1.2B$1.1B$931.0M
Depreciation and amortization$183.0M$183.0M$147.0M
Total operating expenses$1.3B$1.3B$1.1B
Operating income$722.0M$719.0M$740.0M
Interest expense-$120.0M-$142.0M-$81.0M
Other income$5.0M$0$0
Income before provision for income taxes$607.0M$577.0M$659.0M
Provision for income taxes$145.0M$143.0M$128.0M
Net income$462.0M$434.0M$531.0M
Less: net income attributable to non-controlling interests$21.0M$23.0M$160.0M
Net income attributable to Core & Main, Inc.$441.0M$411.0M$371.0M
Basic (in dollars per share)$2.32$2.14$2.15
Diluted (in dollars per share)$2.31$2.13$2.15
Basic (shares)189.7M shares191.6M shares172.8M shares
Diluted (shares)197.9M shares201.4M shares227.8M shares

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The story

In 2005, Home Depot acquired National Waterworks Holdings. It was merged with Hughes Supply and became HD Supply Waterworks.

In August 2017, Clayton, Dubilier & Rice acquired HD Supply Waterworks and changed its name to Core & Main.

In July 2021, the company became a public company via an initial public offering.

From Wikipedia’s article on Core & Main, shared under CC BY-SA 4.0.8

Leadership

Who has led Core & Main, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Stephen O. Leclair2021–2025
  2. Mark R. Witkowski2025–now

Chair

  1. Stephen O. Leclair2025–now

President

  1. Bradford A. Cowles2021–2024
  2. John R. Schaller2021–2024
  3. Michael G. Huebert2024–now

Chief financial officer

  1. Mark R. Witkowski2021–2025
  2. Robyn L. Bradbury2025–now
20202025
Board members and other officers (20)

Subsidiaries and ownership

Parent company

From Wikidata.1

Timeline

  1. Apr 2, 2025New chief executive Mark R. Witkowski becomes CEO17
  2. Jul 23, 2021New chief executive Stephen O. Leclair becomes CEO18
  3. Aug 2017Founded Founded1

Filings

430 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 53 major events, 234 insider forms, 23 large holders, 100 other. The latest 20:

  1. Sep 9, 202610-Q EDGAR
  2. Sep 9, 20268-K EDGAR
  3. Aug 5, 20264 EDGAR
  4. Jul 23, 20264 EDGAR
  5. Jul 8, 20264 EDGAR
  6. Jul 2, 20268-K EDGAR
  7. Jun 30, 2026144 EDGAR
  8. Jun 25, 20268-K EDGAR
  9. Jun 24, 20264 EDGAR
  10. Jun 24, 20264 EDGAR
  11. Jun 24, 20264 EDGAR
  12. Jun 24, 20264 EDGAR
  13. Jun 24, 20264 EDGAR
  14. Jun 24, 20264 EDGAR
  15. Jun 24, 20264 EDGAR
  16. Jun 24, 20264 EDGAR
  17. Jun 24, 20264 EDGAR
  18. Jun 24, 20264 EDGAR
  19. Jun 23, 20268-K EDGAR
  20. Jun 22, 20268-K EDGAR

The 430 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

115 open-market trades by officers, directors and large owners since October 2021: 2 buys and 113 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 6, 2026Hope James DDirectorBuy2,067$46.01$95.1KForm 4
Apr 17, 2026Bradbury Robyn LChief Financial OfficerSale5,000$52.54$262.7KForm 4
Apr 7, 2026Hope James DDirectorBuy1,972$50.70$100.0KForm 4
Aug 18, 2025Witkowski Mark RChief Executive OfficerSale100,000$64.08$6.4MForm 4
Jul 22, 2025Bradbury Robyn LChief Financial OfficerSale5,000$64.51$322.6KForm 4
Jul 18, 2025Castellano James GDirectorSale43,994$61.98$2.7MForm 4
Jul 18, 2025Kimbrough Orvin TDirectorSale23,962$61.77$1.5MForm 4
Jul 17, 2025Witkowski Mark RChief Executive OfficerSale100,000$61.26$6.1MForm 4
Jul 7, 2025LeClair Stephen OExecutive ChairSale44,972$61.91$2.8MForm 4
Jul 3, 2025LeClair Stephen OExecutive ChairSale80,028$62.27$5.0MForm 4
Jul 1, 2025Bradbury Robyn LChief Financial OfficerSale25,000$60.49$1.5MForm 4
Jun 9, 2025Whittenburg Mark GGeneral Counsel and SecretarySale49,100$60.03$2.9MForm 4
Jun 6, 2025Whittenburg Mark GGeneral Counsel and SecretarySale900$60.03$54.0KForm 4
Jun 3, 2025Schneider Laura KChief Human Resources OfficerSale45,695$56.25$2.6MForm 4
May 28, 2025Schaller John RExecutive Vice PresidentSale9,794$55.00$538.7KForm 4
Apr 29, 2025Stephens John WeldonChief Accounting OfficerSale31,750$53.03$1.7MForm 4
Apr 28, 2025Stephens John WeldonChief Accounting OfficerSale10,214$53.02$541.5KForm 4
Apr 2, 2025Stephens John WeldonChief Accounting OfficerSale41,963$50.48$2.1MForm 4
Mar 11, 2025Schaller John RExecutive Vice PresidentSale19,292$45.00$868.1KForm 4
Mar 10, 2025Schaller John RExecutive Vice PresidentSale21,868$46.82$1.0MForm 4

All 115 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.18,357,688$885.8M0.0%−848,336
Capital World Investors11,473,053$553.6M0.1%−98,339
Fmr LLC8,959,133$432.3M0.0%+3,555,754
Vanguard Capital Management LLC8,517,598$411.0M0.0%+51,773
Vanguard Portfolio Management LLC8,251,721$398.1M0.0%+432,182
First Trust Advisors LP6,248,855$301.5M0.2%+118,015
Morgan Stanley6,040,241$291.4M0.0%+604,561
State Street Corp5,908,053$285.1M0.0%+128,276
Select Equity Group, L.P.5,840,259$281.8M1.5%−1,413,948
Royal London Asset Management Ltd5,488,673$264.8M0.5%−264,028
Pictet Asset Management Holding SA4,962,910$239.5M0.2%−1,551,757
D. E. Shaw & Co., Inc.4,578,348$220.9M0.1%+734,976
Impax Asset Management Group plc4,203,618$202.8M1.3%+1,352,251
Amundi3,846,527$185.6M0.0%+795,962
Geode Capital Management, LLC3,576,939$172.6M0.0%−174,191
Jupiter Topco LLC3,409,409$164.5M0.1%New
Point72 Asset Management, L.P.3,079,063$148.6M0.2%+237,815
Dimensional Fund Advisors LP2,805,308$135.4M0.0%+144,286
Camrose Capital Investment Partners LLP2,504,211$120.8M13.7%+236,603
Nordea Investment Management Ab2,488,658$118.7M0.1%New
Norges Bank2,399,645$115.8M0.0%New
Findlay Park Partners LLP2,395,854$115.6M1.6%+399,126
Neuberger Berman Group LLC2,362,339$114.0M0.1%+1,840,403
Fiduciary Management Inc /wi/2,308,589$111.4M1.6%−173,921
Spruce House Investment Management LLC2,150,000$103.7M3.1%No change

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

12 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Aug 25, 2026April McClain DelaneyDemocratic, HouseSale$100,001 - $250,000+5.5%Report
Jun 12, 2026April McClain DelaneyDemocratic, HousePartial sale$1,001 - $15,000+17.2%Report
Oct 31, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+32.7%Report
Oct 30, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−33.3%Report
Oct 30, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+33.3%Report
Sep 11, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−32.4%Report
Aug 11, 2025April McClain DelaneyDemocratic, HousePartial sale$15,001 - $50,000+55.5%Report
Aug 4, 2025April McClain DelaneyDemocratic, HousePartial sale$15,001 - $50,000+56.5%Report
Jun 17, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+53.7%Report
Jun 11, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−55.2%Report
Apr 7, 2025April McClain DelaneyDemocratic, HouseBuy$1,001 - $15,000−60.5%Report
Feb 8, 2025April McClain DelaneyDemocratic, HouseBuy$1,001 - $15,000−50.8%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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