Core & Main (CNM) Tax Rate (2020 - 2026)
Core & Main's Tax Rate was 22.28% in fiscal Q2 2027 (quarter ended Aug 2, 2026), down 0.25 percentage points from 22.53% a year earlier and down 2.39 percentage points from the prior quarter.
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Analysis
Core & Main (CNM) Tax Rate (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Core & Main's Tax Rate was 23.60% through Aug 2, 2026, down 0.64 percentage points year-over-year; for FY2026 (ended Feb 1, 2026), it was 23.89%, down 0.90 percentage points from FY2025.
- Tax Rate shows a five-year change of +4.32 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Tax Rate was 24.78% in FY2025 (+5.36 pp), 19.42% in FY2024 (+1.37 pp), 18.05% in FY2023 (-0.42 pp) and 18.48% in FY2022 (-1.09 pp).
- The fiscal Q2 2027 figure marks the lowest quarterly Tax Rate since fiscal Q4 2024.
- Compared with a year earlier, Tax Rate has declined for five straight quarters, with an average year-over-year change of +0.68 percentage points over the last eight quarters.
- The best year-over-year quarter for Tax Rate over five years was fiscal Q1 2025 (a gain of 5.72 percentage points); the worst was fiscal Q4 2022 (a drop of 98.42 percentage points).
- Per Business Quant data, CNM's Tax Rate in the three fiscal quarters before Q2 2027 was 24.67% (Q1 2027), 22.34% (Q4 2026) and 24.74% (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 58.83 Bn | 56.81 Bn | 1.98 Bn | 24.81% |
| 2 | Fastenal | 57.33 Bn | 56.25 Bn | 1.06 Bn | 23.76% |
| 3 | Ferguson Enterprises | 43.46 Bn | 40.68 Bn | 2.32 Bn | 26.07% |
| 4 | Sunbelt Rentals Holdings | 30.25 Bn | 30.13 Bn | 1.25 Bn | 25.89% |
| 5 | Reliance | 19.78 Bn | 18.82 Bn | 1.30 Bn | 24.71% |
| 6 | Wesco International | 17.79 Bn | 15.10 Bn | 1.46 Bn | 22.94% |
| 7 | Applied Industrial Technologies | 12.37 Bn | 12.24 Bn | 411.22 Mn | 24.84% |
| 8 | Watsco | 10.71 Bn | 8.87 Bn | 578.93 Mn | 20.91% |
| 9 | Avantor | 10.31 Bn | 9.11 Bn | 537.00 Mn | 53.08% |
| 10 | Core & Main | 7.69 Bn | 6.99 Bn | 573.00 Mn | 22.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 2, 2026 | 22.28% |
| 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 | 17.71% |
| Oct 31, 2021 | 18.66% |
API Access
Core & Main Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=CNM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "CNM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=CNM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();