Growth Metrics

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

Core & Main has reported Operating Margin over the past 7 years, most recently at 7.46% for Q1 2026.

  • For Q1 2026, Operating Margin rose 16.0% year-over-year to 7.46%; the TTM value through Feb 2026 reached 9.44%, down 22.0%, while the annual FY2026 figure was 9.44%, 22.0% down from the prior year.
  • Operating Margin for Q1 2026 was 7.46% at Core & Main, down from 10.67% in the prior quarter.
  • Over five years, Operating Margin peaked at 12.87% in Q4 2022 and troughed at 7.3% in Q1 2025.
  • A 5-year average of 10.22% and a median of 10.39% in 2024 define the central range for Operating Margin.
  • Biggest five-year swings in Operating Margin: soared 503bps in 2022 and later plummeted -185bps in 2024.
  • Year by year, Operating Margin stood at 12.87% in 2022, then fell by -8bps to 11.88% in 2023, then decreased by -8bps to 10.94% in 2024, then dropped by -2bps to 10.67% in 2025, then plummeted by -30bps to 7.46% in 2026.
  • Business Quant data shows Operating Margin for CNM at 7.46% in Q1 2026, 10.67% in Q4 2025, and 10.18% in Q3 2025.