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

Core & Main's Gross Margin history runs 7 years deep, the most recent figure standing at 27.07% for Q1 2026.

• In Q1 2026, Gross Margin rose 51.0% year-over-year to 27.07%; the TTM figure through Feb 2026 stood at 26.93% (up 32.0% YoY), while the FY2026 annual figure was 26.93%, up 32.0% from the prior year.
• Gross Margin was 27.07% for Q1 2026 at Core & Main, roughly flat from 27.21% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 27.89% in Q2 2023 to a low of 26.24% in Q1 2022.
• Historically, Gross Margin has averaged 26.87% across 5 years, with a median of 26.88% in 2024.
• The sharpest annual moves came in 2022 and 2024: Gross Margin surged 199 bps in 2022, then sank 101 bps in 2024.
• A 5-year view of Gross Margin shows it stood at 27.5% in 2022, then dropped by 2 bps to 27.04% in 2023, then retreated by 1 bps to 26.64% in 2024, then grew by 2 bps to 27.21% in 2025, then dropped by 0 bps to 27.07% in 2026.
• The last three Gross Margin figures came in at 27.07% (Q1 2026), 27.21% (Q4 2025), and 26.76% (Q3 2025), per Business Quant data.