Core & Main (CNM) Gross Margin (2020 - 2026)
Core & Main (CNM) posted quarterly Gross Margin of 27.23% for Q2 2026, up 54.0% year-over-year from 17.68% in Q2 2025, and up 0.57% quarter-over-quarter from 27.07% in Q1 2026.
Core & Main (CNM) Gross Margin (2020 - 2026) Analysis & Trends
Core & Main's Gross Margin history runs 7 years deep, the most recent figure standing at 27.23% for Q2 2026.
- In Q2 2026, Gross Margin rose 54.0% year-over-year to 27.23%; the TTM figure through May 2026 stood at 27.06% (up 49.0% YoY), while the FY2026 annual figure was 26.93%, up 32.0% from the prior year.
- Gross Margin for Q2 2026 stood at 27.23%, up from 27.07% in the prior quarter.
- The five-year high for Gross Margin was 27.89% in Q2 2023, with the low at 26.24% in Q1 2022.
- The 5-year median for Gross Margin is 26.9% (2022), against an average of 26.89%.
- The sharpest annual moves came in 2022 and 2024: Gross Margin jumped 199 bps in 2022, then plunged 101 bps in 2024.
- Core & Main's Gross Margin stood at 27.5% in 2022, then slipped by 2 bps to 27.04% in 2023, then fell by 1 bps to 26.64% in 2024, then climbed by 2 bps to 27.21% in 2025, then grew by 0 bps to 27.23% in 2026.
- Business Quant data shows CNM's Gross Margin at 27.23% in Q2 2026, 27.07% in Q1 2026, and 27.21% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 62.04 Bn | 61.46 Bn | 1.98 Bn | 39.51% |
| 2 | Fastenal | 59.03 Bn | 58.83 Bn | 1.06 Bn | 44.56% |
| 3 | Ferguson Enterprises | 47.99 Bn | 47.17 Bn | 2.32 Bn | 31.02% |
| 4 | Wesco International | 17.78 Bn | 16.97 Bn | 1.46 Bn | 21.85% |
| 5 | Applied Industrial Technologies | 13.25 Bn | 13.08 Bn | 380.80 Mn | 30.43% |
| 6 | Watsco | 11.97 Bn | 11.50 Bn | 578.93 Mn | 27.50% |
| 7 | Core & Main | 8.70 Bn | 8.55 Bn | 520.00 Mn | 27.23% |
| 8 | Pool | 7.21 Bn | 7.18 Bn | 540.76 Mn | 29.66% |
| 9 | Msc Industrial Direct | 6.76 Bn | 6.69 Bn | 430.41 Mn | 41.11% |
| 10 | Xometry | 5.15 Bn | 4.63 Bn | 87.15 Mn | 38.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Aug 1, 2021 | 25.04% |