Core & Main (CNM) Gross Margin (2020 - 2026)
Core & Main (CNM) posted Gross Margin of 26.71% for fiscal Q2 2027 (quarter ended Aug 2, 2026), down 0.04 percentage points from 26.76% a year earlier and down 0.51 percentage points from the prior quarter.
Core & Main (CNM) Gross Margin (2020 - 2026) Analysis & Trends
For the trailing twelve months through Aug 2, 2026, Gross Margin at Core & Main was 27.05%, up 0.38 percentage points year-over-year; for FY2026 (ended Feb 1, 2026), it was 26.93%, up 0.32 percentage points from FY2025.
- Annual Gross Margin shows a five-year change of +2.82 percentage points (FY2021 to FY2026).
- In prior fiscal years, Core & Main's Gross Margin was 26.61% in FY2025 (-0.52 pp), 27.13% in FY2024 (+0.14 pp), 26.99% in FY2023 (+1.41 pp) and 25.58% in FY2022 (+1.47 pp).
- The fiscal Q2 2027 figure stands as the lowest quarterly Gross Margin since fiscal Q1 2026.
- On a year-over-year basis, Gross Margin increased in four of the last eight quarters, with an average year-over-year change of +0.16 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was fiscal Q3 2022, with a gain of 2.27 percentage points; the weakest was fiscal Q1 2025, with a drop of 1.01 percentage points.
- According to Business Quant data, Gross Margin for the three prior fiscal quarters was 27.23% (Q1 2027), 27.07% (Q4 2026) and 27.21% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 59.11 Bn | 57.09 Bn | 1.98 Bn | 39.51% |
| 2 | Fastenal | 57.94 Bn | 56.86 Bn | 1.06 Bn | 44.56% |
| 3 | Ferguson Enterprises | 44.13 Bn | 41.35 Bn | 2.32 Bn | 31.02% |
| 4 | Sunbelt Rentals Holdings | 30.69 Bn | 30.57 Bn | 1.25 Bn | 40.10% |
| 5 | Reliance | 20.00 Bn | 19.04 Bn | 1.30 Bn | 28.09% |
| 6 | Wesco International | 17.78 Bn | 15.09 Bn | 1.46 Bn | 21.85% |
| 7 | Applied Industrial Technologies | 12.42 Bn | 12.29 Bn | 411.22 Mn | 30.40% |
| 8 | Watsco | 11.14 Bn | 9.30 Bn | 578.93 Mn | 27.50% |
| 9 | Avantor | 10.34 Bn | 9.14 Bn | 537.00 Mn | 31.73% |
| 10 | Core & Main | 7.82 Bn | 7.12 Bn | 573.00 Mn | 26.71% |
Historic Data
| Date | Value |
|---|---|
| Aug 2, 2026 | 26.71% |
| May 3, 2026 | 27.23% |
| Feb 1, 2026 | 27.07% |
| Nov 2, 2025 | 27.21% |
| Aug 3, 2025 | 26.76% |
| May 4, 2025 | 26.69% |
| Feb 2, 2025 | 26.56% |
| Oct 27, 2024 | 26.64% |
| Jul 28, 2024 | 26.37% |
| Apr 28, 2024 | 26.88% |
| Jan 28, 2024 | 26.67% |
| Oct 29, 2023 | 27.04% |
| Jul 30, 2023 | 26.92% |
| Apr 30, 2023 | 27.89% |
| Jan 29, 2023 | 27.15% |
| Oct 30, 2022 | 27.50% |
| Jul 31, 2022 | 26.92% |
| May 1, 2022 | 26.35% |
| Jan 30, 2022 | 26.24% |
| Oct 31, 2021 | 26.41% |
Core & Main Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=CNM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "CNM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=CNM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();