Core & Main (CNM)
Supplies water, drainage, fire-protection and metering products through local branches.
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Distributes pipes, valves and fittings, storm-drainage products, fire-protection equipment and metering technologies to municipalities, private water companies and contractors. A U.S.-centered branch network combines local project knowledge with national supply scale, while repeated acquisitions broaden geography and technical capabilities.
Distributes pipes, valves and fittings, storm-drainage products, fire-protection equipment and metering technologies for water and related infrastructure. Municipalities, private water companies and professional contractors buy through a U.S.-centered branch network with a developing Canadian presence.
Combines local project knowledge and service with a national supply platform. Pipes, valves and fittings are the economic anchor, while adjacent categories broaden support across municipal, non-residential and residential projects. All categories sit within one reportable segment.
Expands the network through branch openings and repeated acquisitions of local distributors and technical specialists. Performance depends on public and private water-infrastructure spending, contractor activity, supplier and logistics execution, and successful integration of acquired personnel, customer relationships, operations and technology.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 10, 2026 | Deutsche Bank | Target | Target: $65 | Target: $55 |
| Sep 10, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $24 | Target: $53 |
| Sep 10, 2026 | Robert W. Baird | Target | Target: $64 | Target: $57 |
| Sep 10, 2026 | Barclays | Reiterate | Rating: —Target: $63 | Target: $61 |
| Sep 10, 2026 | Wells Fargo | Reiterate | Rating: —Target: $65 | Target: $48 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Aug 2, 2026Cash & short-term investments $312.0M · Total debt $2.75B · Total assets $6.71B · Shareholders' equity $2.03B
- Revenue
- $2.15B
- Operating income
- $227.0M
- Net income
- $144.0M
No dividends on record.
| Institutions | 106.16% | 202.23M shares | |
|---|---|---|---|
| 460 holders · as of Jun 30, 2026 | |||
| Insiders | 1.56% | 2.97M shares | |
| 21 holders · as of Aug 5, 2026 | |||
| Adds to | 107.72% | ||
190.49M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 107.72%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.64% | 18.36M A | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 6.02% | 11.47M A | as of Jun 30, 2026 |
FMR LLCInstitution | 4.70% | 8.96M A | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.47% | 8.52M A | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.33% | 8.25M A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 6, 2026 | James D. Hope | director | +2,067 | $46.01 |
| Apr 17, 2026 | Robyn L. Bradbury | officer: Chief Financial Officer | −5,000 | $52.54 |
| Apr 7, 2026 | James D. Hope | director | +1,972 | $50.70 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Core & Main | $43.70 | +1.49% | $8.06B | 17.8 | 13.6 | 1.0 | +2.5% |
| Ferguson | $221.01 | +2.25% | $41.92B | — | 18.4 | — | +3.0% |
| SiteOne Landscape Supply | $93.05 | +1.89% | $3.99B | 25.1 | 20.2 | 0.8 | +4.7% |
| Median | 25.1 | 19.3 | 0.8 | +3.9% |