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| Date | Value |
|---|---|
| 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 |