Core & Main, Inc. (CNM) intrinsic value & 10-year financials
Core & Main, Inc. (CNM) has a Graham intrinsic value of $76.73 per share. At $41.99 on Oct 17, 2026, the stock trades 45% below that value. Over the last 8 fiscal years revenue grew 14.5% a year to $7.6B, with an average return on invested capital of 14.8%.
- Graham intrinsic value
- $76.73
- Share price (Oct 17, 2026)
- $41.99
- Price vs Graham value
- 45% below
- Market cap
- $8.3B
- Revenue (FY2026)
- $7.6B
- Revenue growth (8-yr CAGR)
- 14.5%
- ROIC (10-yr avg)
- 14.8%
- Free cash flow (FY2026)
- $604.0M
CNM 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $7.6B | $441.0M | $2.31 | $604.0M | 9.4% | 13.1% |
| FY2025 | $7.4B | $411.0M | $2.13 | $586.0M | 9.7% | 14.0% |
| FY2024 | $6.7B | $371.0M | $2.15 | $1.0B | 11.0% | 16.6% |
| FY2023 | $6.7B | $366.0M | $2.13 | $376.0M | 11.7% | 19.0% |
| FY2022 | $5.0B | $166.0M | $0.55 | -$51.0M | 8.5% | 11.2% |
| FY2021 | $3.6B | $37.0M | — | $202.0M | 5.1% | — |
| FY2020 | $3.4B | $36.0M | — | $180.0M | 4.6% | — |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Core & Main, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Core & Main, Inc. returns on capital have been average, hovering around 14.8% ROIC over the decade.
Core & Main, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Core & Main, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $76.73 per share.