Core & Main (CNM) Operating Expenses (2020 - 2026)

Core & Main (CNM) recorded quarterly Operating Expenses of $310.0 million in Q1 2026, down 9.09% quarter-over-quarter from $341.0 million in Q4 2025, and down 5.2% on a YoY basis from $327.0 million in Q1 2025.

Core & Main (CNM) Operating Expenses (2020 - 2026) Analysis & Trends

Core & Main's Operating Expenses history runs 7 years deep, the most recent figure standing at $310.0 million for Q1 2026.

  • In Q1 2026, Operating Expenses fell 5.2% year-over-year to $310.0 million; the TTM figure through Feb 2026 stood at $1.3 billion (up 6.03% YoY), while the FY2026 annual figure was $1.3 billion, up 6.03% from the prior year.
  • Operating Expenses was $310.0 million for Q1 2026 at Core & Main, down from $341.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $347.0 million in Q3 2025 to a low of $218.0 million in Q1 2022.
  • Historically, Operating Expenses has averaged $289.1 million across 5 years, with a median of $277.0 million in 2023.
  • The sharpest annual moves came in 2022 and 2026: Operating Expenses gained 28.19% in 2022, then declined 5.2% in 2026.
  • A 5-year view of Operating Expenses shows it stood at $266.0 million in 2022, then rose by 4.14% to $277.0 million in 2023, then climbed by 15.52% to $320.0 million in 2024, then rose by 6.56% to $341.0 million in 2025, then declined by 9.09% to $310.0 million in 2026.
  • The last three Operating Expenses figures came in at $310.0 million (Q1 2026), $341.0 million (Q4 2025), and $347.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 W.W. Grainger 63.64 Bn 63.46 Bn 1.75 Bn 1.11 Bn
2 Fastenal 53.18 Bn 52.87 Bn 982.90 Mn 535.30 Mn
3 Ferguson Enterprises 45.51 Bn 44.69 Bn 2.32 Bn 1.61 Bn
4 Wesco International 17.33 Bn 16.62 Bn 1.29 Bn 947.60 Mn
5 Watsco 14.65 Bn 14.51 Bn 427.56 Mn 322.85 Mn
6 Qxo 12.24 Bn 9.19 Bn 409.30 Mn 661.20 Mn
7 Applied Industrial Technologies 11.99 Bn 11.82 Bn 380.80 Mn 242.88 Mn
8 Core & Main 9.98 Bn 9.84 Bn 428.00 Mn 310.00 Mn
9 Pool 7.00 Bn 6.92 Bn 329.87 Mn 247.26 Mn
10 Msc Industrial Direct 6.54 Bn 6.49 Bn 377.59 Mn 310.34 Mn

Historic Data

Download Data
DateValue
Feb 1, 2026 310.00 Mn
Nov 2, 2025 341.00 Mn
Aug 3, 2025 347.00 Mn
May 4, 2025 339.00 Mn
Feb 2, 2025 327.00 Mn
Oct 27, 2024 320.00 Mn
Jul 28, 2024 314.00 Mn
Apr 28, 2024 300.00 Mn
Jan 28, 2024 268.00 Mn
Oct 29, 2023 277.00 Mn
Jul 30, 2023 275.00 Mn
Apr 30, 2023 258.00 Mn
Jan 29, 2023 249.00 Mn
Oct 30, 2022 266.00 Mn
Jul 31, 2022 264.00 Mn
May 1, 2022 241.00 Mn
Jan 30, 2022 218.00 Mn
Oct 31, 2021 224.00 Mn
Aug 1, 2021 225.00 Mn
May 2, 2021 188.00 Mn