Core & Main (CNM)
NYSEIndustrialsIndustrial - DistributionSnapshot 2026-11-04
$46.95-3.45%
Close 2026-11-05 · 1-day change
NYSEIndustrialsIndustrial - DistributionSnapshot 2026-11-04
QuarterlyIQ Insights · CNM
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -11.1% |
| Our one-year growth estimate | diamond | 0.7% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Usually moved in the opposite direction.
Price observations: 365 days
Most sensitive to the broad stock market and long-term interest rates.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 11.8 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 10 industry peers
CNM — debt issuance
Dated 2026-06-25
Other Events. On June 25, 2026, Core & Main, Inc. (the “Company”) announced the commencement of an offering (the “Offering”) of $750 million in aggregate principal amount of Senior Notes due 2034 (the “Notes”) by its indirect wholly-owned subsidiary, Core & Main LP, a Florida limited partnership (“Core & Main”). A copy of the press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference. On June 25, 2026, the Company announced the pricing of the Offering described a…
Why it matters: The announced notes are meant to replace part of the term loan due in 2028. The final sale and use of funds will show how the debt plan takes shape.
Watch forCore & Main completes the $750 million notes sale and uses the proceeds to prepay part of its term loan due July 27, 2028.
Also watch forThe notes sale is withdrawn, or the company reports that proceeds did not prepay any part of the term loan.
Why it matters: Core & Main reaffirmed 2% to 3% sales growth for fiscal 2026. Q3 sales growth below 2% would put that target under pressure.
Worry ifFiscal Q3 net sales growth is below 2% year over year. Or, the company cuts its $7.8 billion to $7.9 billion full-year sales outlook.
Less concerning ifFiscal Q3 net sales grow at least 2% year over year, and the company keeps its full-year sales outlook.
Why it matters: The latest quarter's gross margin was 26.7%, down from 26.8% a year earlier. The next result will test whether margin gains from pricing and purchasing continue.
Watch forFiscal Q3 gross margin is above 26.7% and higher year over year.
Also watch forFiscal Q3 gross margin is below 26.7% or falls year over year.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$87 on $10,000 · ±0.9% | How much price usually moves either way. |
| Bad day | $316 loss on $10,000 · 3.2% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $3,171 loss on $10,000 · 31.7% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.