Core & Main (CNM) Debt Ratio (2021 - 2026)

Core & Main (CNM) posted quarterly Debt Ratio of 0.34 for Q2 2026, down 5.95% year-over-year from 0.36 in Q2 2025, and down 3.96% quarter-over-quarter from 0.35 in Q1 2026.

Core & Main (CNM) Debt Ratio (2021 - 2026) Analysis & Trends

Core & Main's Debt Ratio history runs 6 years deep, the most recent figure standing at 0.34 for Q2 2026.

  • In Q2 2026, Debt Ratio fell 5.95% year-over-year to 0.34; the TTM figure through May 2026 stood at 0.34 (down 5.95% YoY), while the FY2026 annual figure was 0.35, down 8.35% from the prior year.
  • Debt Ratio for Q2 2026 stood at 0.34, down from 0.35 in the prior quarter.
  • The five-year high for Debt Ratio was 0.4 in Q2 2024, with the low at 0.29 in Q4 2023.
  • The 5-year median for Debt Ratio is 0.34 (2025), against an average of 0.34.
  • The sharpest annual moves came in 2022 and 2024: Debt Ratio sank 42.53% in 2022, then jumped 35.24% in 2024.
  • Core & Main's Debt Ratio stood at 0.3 in 2022, then retreated by 4.24% to 0.29 in 2023, then surged by 35.24% to 0.39 in 2024, then dropped by 11.76% to 0.34 in 2025, then fell by 0.8% to 0.34 in 2026.
  • Business Quant data shows CNM's Debt Ratio at 0.34 in Q2 2026, 0.35 in Q1 2026, and 0.34 in Q4 2025.
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Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 W.W. Grainger 62.04 Bn 61.46 Bn 1.98 Bn 0.25
2 Fastenal 59.03 Bn 58.83 Bn 1.06 Bn 0.02
3 Ferguson Enterprises 47.99 Bn 47.17 Bn 2.32 Bn 0.23
4 Wesco International 17.78 Bn 16.97 Bn 1.46 Bn 0.33
5 Applied Industrial Technologies 13.25 Bn 13.08 Bn 380.80 Mn 0.12
6 Watsco 11.97 Bn 11.50 Bn 578.93 Mn 0.02
7 Core & Main 8.70 Bn 8.55 Bn 520.00 Mn 0.34
8 Pool 7.21 Bn 7.18 Bn 540.76 Mn 0.36
9 Msc Industrial Direct 6.76 Bn 6.69 Bn 430.41 Mn 0.20
10 Xometry 5.15 Bn 4.63 Bn 87.15 Mn 0.08

Historic Data

Download Data
DateValue
May 3, 2026 0.34
Feb 1, 2026 0.35
Nov 2, 2025 0.34
Aug 3, 2025 0.36
May 4, 2025 0.36
Feb 2, 2025 0.39
Oct 27, 2024 0.39
Jul 28, 2024 0.40
Apr 28, 2024 0.40
Jan 28, 2024 0.37
Oct 29, 2023 0.29
Jul 30, 2023 0.31
Apr 30, 2023 0.32
Jan 29, 2023 0.30
Oct 30, 2022 0.30
Jul 31, 2022 0.31
May 1, 2022 0.31
Jan 30, 2022 0.33
Oct 31, 2021 0.34
Aug 1, 2021 0.36