Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

Core & Main, Inc.
Next earnings ≈ Sep 9, 2026 · est. from filing cadence
Last earnings -6.1% on 2026-06-10
Water-infrastructure distribution roll-up with 22% ROE and steady cash flow; growth has cooled but the multiple is reasonable at 21x.
Sources: SEC EDGAR (CIK 0001856525, latest 10-Q filed 2026-06-10) · EODHD · analysis by claude-code · as of 6/21/2026, 8:50:19 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
The fundamentals carry the rating, but the price is rich (~16% above our fair-value estimate) — a quality-at-a-price call. The case rests on the business, not the entry; patient buyers may wait for a pullback.
Core & Main is the leading specialty distributor of water, wastewater, storm-drainage and fire-protection products to municipalities and contractors — an essential, recurring-demand niche underpinned by aging U.S. water infrastructure and federal investment. FY2026 revenue rose 2.8% to $7.65B and net income grew 7.3% to $441M, extending a strong multi-year record (net income up from $166M in FY2022). The business earns a high 22.1% ROE on a 26.9% gross margin, and converts well to cash with $650M of operating cash flow against trivial $46M capex — distribution is asset-light, so most growth is organic share gains plus accretive acquisitions.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | $5.00B | $6.65B | $6.70B | $7.44B | $7.65B |
| Gross profit | $1.28B | $1.79B | $1.82B | $1.98B | $2.06B |
| Operating income | $425M | $775M | $740M | $719M | $722M |
| Net income | $166M | $366M | $371M | $411M | $441M |
| Diluted EPS | $0.55 | $2.13 | $2.15 | $2.13 | $2.31 |
| Net margin | 3.3% | 5.5% | 5.5% | 5.5% | 5.8% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1482 tracked peers · median
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Last 90 days: 1 open-market buy · 2 sales
| 2026-04-17 | Bradbury Robyn L Chief Financial Officer | Acquired (C) | 5.00K | |
| 2026-04-17 | Bradbury Robyn L Chief Financial Officer | Sell | 1.65K @ $51.94 | $85.5K |
| 2026-04-17 | Bradbury Robyn L Chief Financial Officer | Sell | 3.35K @ $52.84 | $177K |
| 2026-04-07 | Hope James D Director | Buy | 1.97K @ $50.70 | $100.0K |
| 2026-04-01 | Hardwick M Susan Director | Award | 580.00 | |
| 2026-03-12 | Giles Jeffrey D EVP, Corporate Development | Award | 3.02K | |
| 2026-03-12 | Bradbury Robyn L Chief Financial Officer | Award | 4.82K | |
| 2026-03-12 | Witkowski Mark R Chief Executive Officer | Award | 18.4K | |
| 2026-03-12 | Cowles Bradford A President | Award | 7.09K | |
| 2026-03-11 | Whittenburg Mark G General Counsel and Secretary | Tax | 331.00 @ $49.16 | $16.3K |
| 2026-03-11 | Bradbury Robyn L Chief Financial Officer | Tax | 404.00 @ $49.16 | $19.9K |
| 2026-03-11 | Witkowski Mark R Chief Executive Officer | Tax | 1.69K @ $49.16 | $82.8K |