Core & Main (CNM)
NYSEIndustrialsIndustrial - DistributionSnapshot 2026-09-04
$44.32+0.77%
Close 2026-09-04 · 1-day change
NYSEIndustrialsIndustrial - DistributionSnapshot 2026-09-04
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 | -13.3% |
| Our one-year growth estimate | diamond | 1.3% |
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
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
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 14.6 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 19 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: More buybacks show trust in the company's value. It shows good capital use.
Supportive ifTotal share repurchases are over $125 million in the next quarter.
Worry ifShare repurchases are below $75 million in the next quarter.
Why it matters: New board members may enhance growth strategy execution.
Watch forGood progress in growth strategy after board changes.
Also watch forNo progress in growth strategy after board changes.
Why it matters: New board members can influence strategic direction and execution. Their impact on growth is crucial for future performance.
Watch forPositive changes in the growth strategy are linked to new board member Susan Hardwick.
Also watch forNo clear improvement in the growth strategy after the board changes.
Why it matters: This offering helps fund growth and improve the capital structure. Success supports long-term plans.
Supportive ifThe Senior Notes offering is complete. Proceeds will go to growth and paying off debt.
Worry ifFailure to complete the offering or funds not used as stated.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$124 on $10,000 · ±1.2% | 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 | $3,719 loss on $10,000 · 37.2% | 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.
Why it matters: This will show if the company can maintain its growth target in a tough market.
Worry ifQ2 net sales growth reported below 2% year over year.
Less concerning ifQ2 net sales growth reported at 2% or more year over year.
Why it matters: This shows if the company is handling its cash flow well.
Worry ifOperating cash flow is less than 60% of Adjusted EBITDA.
Less concerning ifOperating cash flow is 60% or more of Adjusted EBITDA.
Why it matters: New board members may change the company's growth plans.
Watch forGood feedback on board actions in upcoming earnings calls.
Also watch forBad feedback or worries about board actions in earnings calls.