Core & Main, Inc. (NYSE:CNM) Surpasses Earnings Expectations

Core & Main, Inc. (NYSE:CNM) is a leading distributor of water, wastewater, storm drainage, and fire protection products in the United States. The company serves municipalities, private water companies, and professional contractors. CNM competes with other industry players like Ferguson and HD Supply, striving to maintain its market position through strategic growth and operational efficiency.

On September 9, 2025, CNM reported earnings per share (EPS) of $0.87, exceeding the Zacks Consensus Estimate of $0.77. This marks a significant improvement from the $0.61 EPS reported in the same quarter last year. The company's ability to surpass earnings expectations reflects its strong operational performance and effective cost management. Despite generating revenue of approximately $2.09 billion, CNM fell slightly short of the estimated $2.12 billion.

However, the company's price-to-sales ratio of 1.27 suggests that investors are willing to pay $1.27 for every dollar of sales, indicating confidence in CNM's revenue-generating capabilities. The enterprise value to sales ratio of 1.60 further underscores the company's solid market valuation. CNM's financial health is supported by a current ratio of 1.96, indicating that it has nearly twice as many current assets as current liabilities. This suggests that CNM is well-positioned to meet its short-term obligations.

Additionally, the company's debt-to-equity ratio of 1.45 highlights its leverage level, with $1.45 in debt for every dollar of equity. The company's price-to-earnings (P/E) ratio of 23.26 indicates the price investors are willing to pay for each dollar of earnings. With an earnings yield of 4.30%, CNM demonstrates its ability to generate returns for investors. The enterprise value to operating cash flow ratio of 19.66 shows how the company's valuation compares to its cash flow from operations, reflecting its operational efficiency.