Core & Main Inc. (CNM) financial statements: income statement, balance sheet and cash flow

Core & Main Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Feb 1, 2026 · FY), Core & Main Inc. reported revenue of $7.6B (+2.8% year on year) and net income of $462.0M (+6.5% year on year).

Income statement

Core & Main Inc. income statement, fiscal years

Line item	Feb 1, 2026 · FY	Feb 2, 2025 · FY	Jan 28, 2024 · FY	Jan 29, 2023 · FY
Net sales	$7.6B	$7.4B	$6.7B	$6.7B
Cost of sales	$5.6B	$5.5B	$4.9B	$4.9B
Gross profit	$2.1B	$2.0B	$1.8B	$1.8B
Selling, general and administrative	$1.2B	$1.1B	$931.0M	$880.0M
Depreciation and amortization	$183.0M	$183.0M	$147.0M	$140.0M
Total operating expenses	$1.3B	$1.3B	$1.1B	$1.0B
Operating income	$722.0M	$719.0M	$740.0M	$775.0M
Interest expense	($120.0M)	$142.0M	$81.0M	$66.0M
Other income	$5.0M	—	—	—
Income before provision for income taxes	$607.0M	$577.0M	$659.0M	$709.0M
Provision for income taxes	$145.0M	$143.0M	$128.0M	$128.0M
Net income	$462.0M	$434.0M	$531.0M	$581.0M
Less: net income attributable to non-controlling interests	$21.0M	$23.0M	$160.0M	$215.0M
Net income attributable to Core & Main, Inc.	$441.0M	$411.0M	$371.0M	$366.0M
Basic (in dollars per share)	$2.32	$2.14	$2.15	$2.16
Diluted (in dollars per share)	$2.31	$2.13	$2.15	$2.13
Basic (shares)	189.7M	191.6M	172.8M	169.5M
Diluted (shares)	197.9M	201.4M	227.8M	246.2M

Core & Main Inc. income statement, quarters

Line item	Aug 2, 2026 · Q3	May 3, 2026 · Q2	Nov 2, 2025 · Q3	Aug 3, 2025 · Q2
Net sales	$2.1B	$1.9B	$2.1B	$2.1B
Cost of sales	$1.6B	$1.4B	$1.5B	$1.5B
Gross profit	$573.0M	$520.0M	$561.0M	$560.0M
Selling, general and administrative	$301.0M	$299.0M	$295.0M	$302.0M
Depreciation and amortization	$45.0M	$44.0M	$46.0M	$45.0M
Total operating expenses	$346.0M	$343.0M	$341.0M	$347.0M
Operating income	$227.0M	$177.0M	$220.0M	$213.0M
Interest expense	$32.0M	$27.0M	$30.0M	$31.0M
Other expense	($2.0M)	—	—	—
Income before provision for income taxes	$193.0M	$150.0M	$190.0M	$182.0M
Provision for income taxes	$43.0M	$37.0M	$47.0M	$41.0M
Net income	$150.0M	$113.0M	$143.0M	$141.0M
Less: net income attributable to non-controlling interests	$6.0M	$5.0M	$6.0M	$7.0M
Net income attributable to Core & Main, Inc.	$144.0M	$108.0M	$137.0M	$134.0M
Basic (in dollars per share)	$0.77	$0.57	$0.72	$0.71
Diluted (in dollars per share)	$0.77	$0.57	$0.72	$0.70
Basic (shares)	186.6M	188.4M	190.2M	189.9M
Diluted (shares)	193.4M	195.7M	197.9M	198.3M

Balance sheet

Core & Main Inc. balance sheet, fiscal years

Line item	Feb 1, 2026 · FY	Feb 2, 2025 · FY	Jan 28, 2024 · FY	Jan 29, 2023 · FY
Cash and cash equivalents	$220.0M	$8.0M	$1.0M	$177.0M
Receivables, net of allowance for credit losses of $22 and $18	$1.0B	$1.1B	$973.0M	$955.0M
Inventories	$986.0M	$908.0M	$766.0M	$1.0B
Prepaid expenses and other current assets	$48.0M	$43.0M	$33.0M	$32.0M
Total current assets	$2.3B	$2.0B	$1.8B	$2.2B
Property, plant and equipment, net	$178.0M	$168.0M	$151.0M	$105.0M
Operating lease right-of-use assets	$287.0M	$244.0M	$192.0M	$175.0M
Intangible assets, net	$823.0M	$935.0M	$784.0M	$795.0M
Goodwill	$1.9B	$1.9B	$1.6B	$1.5B
Deferred income taxes	$565.0M	$558.0M	$542.0M	—
Other assets	$10.0M	$42.0M	$66.0M	$88.0M
Total assets	$6.1B	$5.9B	$5.1B	$4.9B
Current maturities of long-term debt	$24.0M	$24.0M	$15.0M	$15.0M
Accounts payable	$512.0M	$562.0M	$504.0M	$479.0M
Accrued compensation and benefits	$123.0M	$123.0M	$106.0M	$123.0M
Current operating lease liabilities	$75.0M	$67.0M	$55.0M	$54.0M
Other current liabilities	$140.0M	$90.0M	$94.0M	$55.0M
Total current liabilities	$874.0M	$866.0M	$774.0M	$726.0M
Long-term debt	$2.1B	$2.2B	$1.9B	$1.4B
Non-current operating lease liabilities	$214.0M	$178.0M	$138.0M	$121.0M
Deferred income taxes	$89.0M	$87.0M	$48.0M	$9.0M
Tax receivable agreement liabilities	$680.0M	$706.0M	$706.0M	—
Other liabilities	$30.0M	$22.0M	$16.0M	$19.0M
Total liabilities	$4.0B	$4.1B	$3.5B	$2.5B
Common stock	$2.0M	$2.0M	$2.0M	$3.0M
Additional paid-in capital	$1.2B	$1.2B	$1.2B	$1.2B
Retained earnings	$755.0M	$449.0M	$189.0M	$458.0M
Accumulated other comprehensive (loss) income	($6.0M)	$27.0M	$46.0M	$45.0M
Total stockholders’ equity attributable to Core & Main, Inc.	$2.0B	$1.7B	$1.5B	$1.7B
Non-controlling interests	$77.0M	$76.0M	$73.0M	$663.0M
Total stockholders’ equity	$2.1B	$1.8B	$1.5B	$2.4B
Total liabilities and stockholders’ equity	$6.1B	$5.9B	$5.1B	$4.9B

Core & Main Inc. balance sheet, quarters

Line item	Aug 2, 2026	May 3, 2026	Nov 2, 2025	Aug 3, 2025
Cash and cash equivalents	$312.0M	$150.0M	$89.0M	$25.0M
Receivables, net of allowance for credit losses of $26 and $22, respectively	$1.4B	$1.3B	$1.3B	$1.4B
Inventories	$1.1B	$1.1B	$1.0B	$1.1B
Prepaid expenses and other current assets	$49.0M	$45.0M	$60.0M	$72.0M
Total current assets	$2.9B	$2.6B	$2.5B	$2.5B
Property, plant and equipment, net	$192.0M	$184.0M	$175.0M	$175.0M
Operating lease right-of-use assets	$297.0M	$297.0M	$280.0M	$275.0M
Intangible assets, net	$759.0M	$791.0M	$847.0M	$867.0M
Goodwill	$1.9B	$1.9B	$1.9B	$1.9B
Deferred Income Tax Assets, Net	$552.0M	$561.0M	$571.0M	$579.0M
Other assets	$51.0M	$13.0M	$2.0M	$2.0M
Total assets	$6.7B	$6.3B	$6.3B	$6.3B
Current maturities of long-term debt	$17.0M	$24.0M	$24.0M	$24.0M
Accounts payable	$815.0M	$814.0M	$734.0M	$758.0M
Accrued compensation and benefits	$89.0M	$65.0M	$107.0M	$94.0M
Current operating lease liabilities	$79.0M	$77.0M	$74.0M	$73.0M
Other current liabilities	$190.0M	$126.0M	$168.0M	$168.0M
Total current liabilities	$1.2B	$1.1B	$1.1B	$1.1B
Long-term debt	$2.4B	$2.1B	$2.1B	$2.2B
Non-current operating lease liabilities	$221.0M	$223.0M	$207.0M	$203.0M
Deferred income taxes	$90.0M	$89.0M	$89.0M	$88.0M
Tax receivable agreement liabilities	$644.0M	$642.0M	$682.0M	$680.0M
Other liabilities	$28.0M	$30.0M	$31.0M	$22.0M
Total liabilities	$4.6B	$4.2B	$4.2B	$4.3B
Common stock	$2.0M	$2.0M	$2.0M	$2.0M
Additional paid-in capital	$1.2B	$1.3B	$1.2B	$1.2B
Retained earnings	$784.0M	$786.0M	$736.0M	$642.0M
Accumulated other comprehensive income (loss)	$3.0M	($1.0M)	($6.0M)	($1.0M)
Total stockholders’ equity attributable to Core & Main, Inc.	$2.0B	$2.0B	$2.0B	$1.9B
Non-controlling interests	$73.0M	$74.0M	$78.0M	$76.0M
Total stockholders’ equity	$2.1B	$2.1B	$2.1B	$2.0B
Total liabilities and stockholders’ equity	$6.7B	$6.3B	$6.3B	$6.3B

Cash flow statement

Core & Main Inc. cash flow statement, fiscal years

Line item	Feb 1, 2026 · FY	Feb 2, 2025 · FY	Jan 28, 2024 · FY	Jan 29, 2023 · FY
Net income	$462.0M	$434.0M	$531.0M	$581.0M
Depreciation and amortization	$192.0M	$194.0M	$154.0M	$148.0M
Equity-based compensation expense	$17.0M	$14.0M	$10.0M	$11.0M
Loss on debt modification and extinguishment	$28.0M	$13.0M	$0	$0
Other	$0	$8.0M	$7.0M	$0
(Increase) decrease in receivables	$26.0M	($2.0M)	$21.0M	($51.0M)
(Increase) decrease in inventories	($70.0M)	($36.0M)	$328.0M	($149.0M)
(Increase) decrease in other assets	$6.0M	($13.0M)	$2.0M	($4.0M)
Increase (decrease) in accounts payable	($59.0M)	$14.0M	$11.0M	($140.0M)
Increase (decrease) in accrued liabilities	$48.0M	($5.0M)	$4.0M	$5.0M
Net cash provided by operating activities	$650.0M	$621.0M	$1.1B	$401.0M
Capital expenditures	($46.0M)	($35.0M)	($39.0M)	($25.0M)
Acquisitions of businesses, net of cash acquired	($61.0M)	($741.0M)	($231.0M)	($128.0M)
Other	($38.0M)	($12.0M)	$0	—
Net cash used in investing activities	($145.0M)	($788.0M)	($270.0M)	($152.0M)
Repurchase and retirement of equity interests	($155.0M)	($176.0M)	($1.3B)	—
Distributions to non-controlling interest holders	($7.0M)	($11.0M)	($41.0M)	($57.0M)
Payments pursuant to Tax Receivable Agreements	($18.0M)	($11.0M)	($5.0M)	—
Borrowings on asset-based revolving credit facility	$150.0M	$774.0M	$665.0M	$244.0M
Repayments on asset-based revolving credit facility	($243.0M)	($1.1B)	($235.0M)	($244.0M)
Issuance of long-term debt	$0	$950.0M	$0	$0
Repayments of long-term debt	($24.0M)	($223.0M)	($15.0M)	($15.0M)
Debt issuance costs	$0	($15.0M)	$0	($2.0M)
Other	$4.0M	($4.0M)	$0	—
Net cash (used in) provided by financing activities	($293.0M)	$174.0M	($975.0M)	($73.0M)
Increase (decrease) in cash and cash equivalents	$212.0M	$7.0M	($176.0M)	$176.0M
Cash and cash equivalents at the beginning of the period	$8.0M	$1.0M	$177.0M	$1.0M
Cash and cash equivalents at the end of the period	$220.0M	$8.0M	$1.0M	$177.0M
Cash paid for interest (excluding effects of interest rate swap)	$133.0M	$197.0M	$105.0M	$74.0M
Cash paid for income taxes	$79.0M	$143.0M	$116.0M	$147.0M

Core & Main Inc. cash flow statement, quarters

Line item	Aug 2, 2026 · YTD	May 3, 2026 · Q2	Nov 2, 2025 · YTD	Aug 3, 2025 · YTD
Net income	$263.0M	$113.0M	$389.0M	$246.0M
Depreciation and amortization	$97.0M	$47.0M	$144.0M	$96.0M
Equity-based compensation expense	$7.0M	$3.0M	$14.0M	$10.0M
Deferred income tax expense	$13.0M	$6.0M	$20.0M	$7.0M
Other	$6.0M	$2.0M	$10.0M	$7.0M
(Increase) decrease in receivables	($397.0M)	($213.0M)	($277.0M)	($300.0M)
(Increase) decrease in inventories	($155.0M)	($119.0M)	($106.0M)	($152.0M)
(Increase) decrease in other assets	($1.0M)	($1.0M)	($2.0M)	($5.0M)
Increase (decrease) in accounts payable	$301.0M	$301.0M	$169.0M	$196.0M
Increase (decrease) in accrued liabilities	$10.0M	($57.0M)	$21.0M	$6.0M
Capital expenditures	($32.0M)	($14.0M)	($31.0M)	($23.0M)
Investment in tax advantaged limited partnerships	($17.0M)	—	—	—
Other	($7.0M)	($7.0M)	($8.0M)	($5.0M)
Repurchase and retirement of equity interests	($257.0M)	($88.0M)	($97.0M)	($47.0M)
Distributions to non-controlling interest holders	($4.0M)	($2.0M)	($5.0M)	($4.0M)
Payments pursuant to Tax Receivable Agreements	($42.0M)	($42.0M)	($18.0M)	($18.0M)
Borrowings on asset-based revolving credit facility	$0	$0	$150.0M	$100.0M
Repayments on asset-based revolving credit facility	$0	$0	($243.0M)	($93.0M)
Issuance of long-term debt	$929.0M	—	$0	$0
Repayments of long-term debt	($617.0M)	($6.0M)	($18.0M)	($12.0M)
Payment of contingent consideration	($19.0M)	($2.0M)	$0	$0
Other	$14.0M	$9.0M	$1.0M	$8.0M
Net cash provided by operating activities	$144.0M	$82.0M	$382.0M	$111.0M
Net cash used in investing activities	($56.0M)	($21.0M)	($71.0M)	($28.0M)
Net cash provided by (used in) financing activities	$4.0M	($131.0M)	($230.0M)	($66.0M)
Increase in cash and cash equivalents	$92.0M	($70.0M)	$81.0M	$17.0M
Cash and cash equivalents at the beginning of the period	$220.0M	$220.0M	$8.0M	$8.0M
Cash and cash equivalents at the end of the period	$312.0M	$150.0M	$89.0M	$25.0M
Cash paid for interest (excluding effects of interest rate swap)	$59.0M	$41.0M	$109.0M	$49.0M
Cash paid for income taxes	$40.0M	$29.0M	$72.0M	$69.0M

Core & Main Inc. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.