Core & Main (CNM) FCF Margin (2020 - 2026)

Core & Main (CNM) recorded quarterly FCF Margin of 16.0% in Q1 2026, up 25.46% quarter-over-quarter from 12.75% in Q4 2025, and up 281.0% on a YoY basis from 4.2% in Q1 2025.

Core & Main (CNM) FCF Margin (2020 - 2026) Analysis & Trends

Core & Main's FCF Margin history runs 7 years deep, the most recent figure standing at 16.0% for Q1 2026.

  • In Q1 2026, FCF Margin rose 281.0% year-over-year to 16.0%; the TTM figure through Feb 2026 stood at 7.9% (up 2.0% YoY), while the FY2026 annual figure was 7.9%, up 2.0% from the prior year.
  • FCF Margin was 16.0% for Q1 2026 at Core & Main, up from 12.75% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 21.98% in Q1 2023 to a low of 2.69% in Q2 2022.
  • Historically, FCF Margin has averaged 8.9% across 5 years, with a median of 8.2% in 2022.
  • The sharpest annual moves came in 2023 and 2024: FCF Margin jumped 2262 bps in 2023, then tumbled 1290 bps in 2024.
  • A 5-year view of FCF Margin shows it stood at 8.2% in 2022, then soared by 136 bps to 19.38% in 2023, then sank by 36 bps to 12.37% in 2024, then increased by 3 bps to 12.75% in 2025, then increased by 25 bps to 16.0% in 2026.
  • The last three FCF Margin figures came in at 16.0% (Q1 2026), 12.75% (Q4 2025), and 1.15% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 W.W. Grainger 63.64 Bn 63.46 Bn 1.75 Bn 6.08%
2 Fastenal 53.18 Bn 52.87 Bn 982.90 Mn 14.51%
3 Ferguson Enterprises 45.51 Bn 44.69 Bn 2.32 Bn 10.17%
4 Wesco International 17.33 Bn 16.62 Bn 1.29 Bn 3.26%
5 Watsco 14.65 Bn 14.51 Bn 427.56 Mn -1.69%
6 Qxo 12.24 Bn 9.19 Bn 409.30 Mn 2.78%
7 Applied Industrial Technologies 11.99 Bn 11.82 Bn 380.80 Mn 7.62%
8 Core & Main 9.98 Bn 9.84 Bn 428.00 Mn 16.00%
9 Pool 7.00 Bn 6.92 Bn 329.87 Mn 1.51%
10 Msc Industrial Direct 6.54 Bn 6.49 Bn 377.59 Mn 7.96%

Historic Data

Download Data
DateValue
Feb 1, 2026 16.00%
Nov 2, 2025 12.75%
Aug 3, 2025 1.15%
May 4, 2025 3.35%
Feb 2, 2025 13.19%
Oct 27, 2024 12.37%
Jul 28, 2024 1.99%
Apr 28, 2024 4.08%
Jan 28, 2024 20.07%
Oct 29, 2023 19.38%
Jul 30, 2023 14.88%
Apr 30, 2023 6.99%
Jan 29, 2023 21.98%
Oct 30, 2022 8.20%
Jul 31, 2022 -1.72%
May 1, 2022 -2.69%
Jan 30, 2022 -0.64%
Oct 31, 2021 2.06%
Aug 1, 2021 -4.55%
May 2, 2021 -4.55%