Core & Main (CNM) Tax Rate (2020 - 2026)
Core & Main (CNM) posted quarterly Tax Rate of 24.67% for Q2 2026, down 87.0% year-over-year from 189.74% in Q2 2025, and up 10.41% quarter-over-quarter from 22.34% in Q1 2026.
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Analysis
Core & Main (CNM) Tax Rate (2020 - 2026) Analysis & Trends
Core & Main's Tax Rate history runs 7 years deep, the most recent figure standing at 24.67% for Q2 2026.
- In Q2 2026, Tax Rate fell 87.0% year-over-year to 24.67%; the TTM figure through May 2026 stood at 23.7% (down 130.0% YoY), while the FY2026 annual figure was 23.89%, down 90.0% from the prior year.
- Tax Rate for Q2 2026 stood at 24.67%, up from 22.34% in the prior quarter.
- The five-year high for Tax Rate was 25.53% in Q2 2025, with the low at 17.27% in Q3 2022.
- The 5-year median for Tax Rate is 22.43% (2025), against an average of 21.74%.
- The sharpest annual moves came in 2022 and 2024: Tax Rate tumbled 9344 bps in 2022, then jumped 572 bps in 2024.
- Core & Main's Tax Rate stood at 18.35% in 2022, then grew by 8 bps to 19.8% in 2023, then grew by 27 bps to 25.13% in 2024, then dropped by 2 bps to 24.74% in 2025, then fell by 0 bps to 24.67% in 2026.
- Business Quant data shows CNM's Tax Rate at 24.67% in Q2 2026, 22.34% in Q1 2026, and 24.74% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 60.88 Bn | 60.29 Bn | 1.98 Bn | 24.81% |
| 2 | Fastenal | 55.34 Bn | 55.13 Bn | 1.06 Bn | 23.76% |
| 3 | Ferguson Enterprises | 43.14 Bn | 42.32 Bn | 2.32 Bn | 26.07% |
| 4 | Wesco International | 16.24 Bn | 15.43 Bn | 1.46 Bn | 22.94% |
| 5 | Applied Industrial Technologies | 11.95 Bn | 11.82 Bn | 411.22 Mn | 24.84% |
| 6 | Watsco | 11.85 Bn | 11.39 Bn | 578.93 Mn | 20.91% |
| 7 | Core & Main | 8.35 Bn | 8.20 Bn | 520.00 Mn | 24.67% |
| 8 | Pool | 6.58 Bn | 6.55 Bn | 540.76 Mn | 25.79% |
| 9 | Msc Industrial Direct | 6.52 Bn | 6.44 Bn | 430.41 Mn | 24.50% |
| 10 | Xometry | 5.04 Bn | 4.52 Bn | 87.15 Mn | -7.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 3, 2026 | 24.67% |
| Feb 1, 2026 | 22.34% |
| Nov 2, 2025 | 24.74% |
| Aug 3, 2025 | 22.53% |
| May 4, 2025 | 25.53% |
| Feb 2, 2025 | 23.86% |
| Oct 27, 2024 | 25.13% |
| Jul 28, 2024 | 25.00% |
| Apr 28, 2024 | 24.63% |
| Jan 28, 2024 | 19.15% |
| Oct 29, 2023 | 19.80% |
| Jul 30, 2023 | 19.61% |
| Apr 30, 2023 | 18.90% |
| Jan 29, 2023 | 19.23% |
| Oct 30, 2022 | 18.35% |
| Jul 31, 2022 | 17.27% |
| May 1, 2022 | 17.96% |
| Jan 30, 2022 | 22.69% |
| Oct 31, 2021 | 18.66% |
| Aug 1, 2021 | 23.08% |