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.

  • Quarterly results put Operating Margin at 7.46% for Q1 2026, up 16.0% from a year ago — trailing twelve months through Feb 2026 was 9.44% (down 22.0% YoY), and the annual figure for FY2026 was 9.44%, down 22.0%.
  • Operating Margin for Q1 2026 was 7.46% at Core & Main, down from 10.67% in the prior quarter.
  • Over the last five years, Operating Margin for CNM hit a ceiling of 12.87% in Q4 2022 and a floor of 7.3% in Q1 2025.
  • Median Operating Margin over the past 5 years was 10.39% (2024), compared with a mean of 10.22%.
  • Biggest five-year swings in Operating Margin: surged 503bps in 2022 and later crashed -185bps in 2024.
  • Core & Main's Operating Margin stood at 12.87% in 2022, then decreased by -8bps to 11.88% in 2023, then dropped by -8bps to 10.94% in 2024, then fell by -2bps to 10.67% in 2025, then crashed by -30bps to 7.46% in 2026.
  • The last three reported values for Operating Margin were 7.46% (Q1 2026), 10.67% (Q4 2025), and 10.18% (Q3 2025) per Business Quant data.