CNMCore & Main, Inc.
Wholesale-Durable Goods, NEC
- Revenue
- $7.6B
- 2.8% YoY
- Operating margin
- 9.4%
- 2.3% YoY
- EBITDA
- $914M
- 0.1% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.3×
- $2.1B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear141% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear24% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear29% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $5.0B | $6.7B | $6.7B | $7.4B | $7.6B | 2.8% |
| Operating income | $425M | $775M | $740M | $719M | $722M | 0.4% |
| Net income | $225M | $581M | $531M | $434M | $462M | 6.5% |
| Operating cash flow | −$31M | $401M | $1.1B | $621M | $650M | 4.7% |
| Capex | $20M | $25M | $39M | $35M | $46M | 31% |
| Stock-based comp | $25M | $11M | $10M | $14M | $17M | 21% |
| Buybacks | $0 | $0 | $1.3B | $176M | $155M | 12% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | — | — | 225 | 169 |
| FY2025 | $5M | $12M | 238 | 145 |
| FY2024 | $6M | $13M | 171 | 122 |
| FY2023 | $6M | $6M | 91 | 102 |
| FY2022 | $2M | $3M | 99 | 97 |