Core & Main Inc
ir.coreandmain.comWhat Do They Do?
Distributes water, wastewater and fire protection infrastructure products and related services to municipalities, private water companies and professional contractors.
10-K for FY2023, filed Mar 24, 2026
How Do They Make Money?
Customers buy products, with sales tied to delivery for Core & Main’s fleet and shipment for third-party carriers; services are charged in the period they are performed.
10-K for FY2023, filed Mar 24, 2026Revenue RecognitionView ↗
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10-K for FY2023, filed Mar 24, 2026
Year to Feb 2026 revenue by product or service ↗
$7.6B
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10-K for FY2023, filed Mar 24, 2026
$7.6B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Pipes, valves & fittings products
Sold outright
10-K for FY2023, filed Mar 24, 2026 |
67%
Year to Jan 2023: 68%
|
Pipes, valves & fittings products, Year to Feb 2026
$5.1B Sources
|
Sold outright |
|
Storm drainage products
Sold outright
10-K for FY2023, filed Mar 24, 2026 |
16%
Year to Jan 2023: 14%
|
Storm drainage products, Year to Feb 2026
$1.2B Sources
|
Sold outright |
|
Fire protection products
Sold outright
|
7.9%
Year to Jan 2023: 11%
|
Fire protection products, Year to Feb 2026
$600M Sources
|
Sold outright |
|
Meter products
Sold outright
|
9.4%
Year to Jan 2023: 6.8%
|
Meter products, Year to Feb 2026
$716M Sources
|
Sold outright |
Who Are Their Customers?
Municipalities, private water companies and professional contractors buy products for infrastructure and construction projects. Branches stock products for local purchases, while larger orders can ship directly from suppliers to jobsites.
10-K for FY2023, filed Mar 24, 2026Core & Main, Inc. (“Core & Main” and collectively with its subsidiaries, the “Company,” “we,” “our” or “us”) is a holding company and its…View ↗
Our branch network connects large suppliers with smaller volume customers whose consumption patterns tend to make them uneconomical to be…View ↗
We also offer direct distribution options to our customers on a wide range of products. This value-added service includes logistics and…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 6 cents of every revenue dollar as net income in Year to Feb 2026 and turned 8 cents into free cash flow.
10-K for FY2023, filed Mar 24, 2026
$722MView ↗
10-K for FY2023, filed Mar 24, 2026
$441MView ↗
10-K for FY2023, filed Mar 24, 2026
$604MView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Sep 9, 2026
Open tableView ↗
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Mar 27, 2026
Executive Chair Stephen LeClair retired, and James Castellano became board chair.
M. Susan Hardwick also joined the board.
Sources
8-K, filed Mar 27, 2026
On March 27, 2026, Core & Main, Inc. (together with its indirect subsidiary, Core & Main LP, as applicable, the “Company”) announced that…View ↗
Growing. Revenue grew 53% in 4 years, from $5B in Year to Jan 2022 to $7.6B in Year to Feb 2026, about 11% a year.
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