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

Core & Main's Operating Margin history runs 7 years deep, the most recent figure standing at 7.46% for Q1 2026.

• In Q1 2026, Operating Margin rose 16.0% year-over-year to 7.46%; the TTM figure through Feb 2026 stood at 9.44% (down 22.0% YoY), while the FY2026 annual figure was 9.44%, down 22.0% from the prior year.
• Operating Margin was 7.46% for Q1 2026 at Core & Main, down from 10.67% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 12.87% in Q4 2022 to a low of 7.3% in Q1 2025.
• Historically, Operating Margin has averaged 10.22% across 5 years, with a median of 10.39% in 2024.
• The sharpest annual moves came in 2022 and 2024: Operating Margin soared 503 bps in 2022, then plunged 185 bps in 2024.
• A 5-year view of Operating Margin shows it stood at 12.87% in 2022, then retreated by 8 bps to 11.88% in 2023, then slipped by 8 bps to 10.94% in 2024, then declined by 2 bps to 10.67% in 2025, then sank by 30 bps to 7.46% in 2026.
• The last three Operating Margin figures came in at 7.46% (Q1 2026), 10.67% (Q4 2025), and 10.18% (Q3 2025), per Business Quant data.