Core & Main (CNM) Tax Rate (2020 - 2026)

Core & Main's Tax Rate history runs 7 years deep, the most recent figure standing at 22.34% for Q1 2026.

• In Q1 2026, Tax Rate fell 152.0% year-over-year to 22.34%; the TTM figure through Feb 2026 stood at 23.89% (down 90.0% YoY), while the FY2026 annual figure was 23.89%, down 90.0% from the prior year.
• Tax Rate was 22.34% for Q1 2026 at Core & Main, down from 24.74% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 25.53% in Q2 2025 to a low of 17.27% in Q3 2022.
• Historically, Tax Rate has averaged 21.57% across 5 years, with a median of 22.34% in 2026.
• The sharpest annual moves came in 2022 and 2024: Tax Rate plunged 9344 bps in 2022, then surged 572 bps in 2024.
• A 5-year view of Tax Rate shows it stood at 18.35% in 2022, then increased by 8 bps to 19.8% in 2023, then increased by 27 bps to 25.13% in 2024, then declined by 2 bps to 24.74% in 2025, then dropped by 10 bps to 22.34% in 2026.
• The last three Tax Rate figures came in at 22.34% (Q1 2026), 24.74% (Q4 2025), and 22.53% (Q3 2025), per Business Quant data.