Core & Main Inc
Core & Main, Inc. distributes water, wastewater, storm drainage, and fire protection products and related services in the United States. Its products portfolio include pipes, valves, hydrants, fittings, and other products and services used for service, repair and replacement of underground water infrastructure; storm drainage products, such as corrugated HDPE and metal piping systems, retention b… Read more
Core & Main Inc (CNM) - Net Assets
Latest net assets as of October 2025: $2.06 Billion USD
Based on the latest financial reports, Core & Main Inc (CNM) has net assets worth $2.06 Billion USD as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.30 Billion) and total liabilities ($4.25 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.06 Billion |
| % of Total Assets | 32.62% |
| Annual Growth Rate | 22.55% |
| 5-Year Change | 121.47% |
| 10-Year Change | N/A |
| Growth Volatility | 53.57 |
Core & Main Inc - Net Assets Trend (2020–2025)
This chart illustrates how Core & Main Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Core & Main Inc (2020–2025)
The table below shows the annual net assets of Core & Main Inc from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-01-31 | $1.77 Billion | +16.40% |
| 2024-01-31 | $1.52 Billion | -36.76% |
| 2023-01-31 | $2.41 Billion | +31.62% |
| 2022-01-31 | $1.83 Billion | +128.59% |
| 2021-01-31 | $801.00 Million | +24.86% |
| 2020-01-31 | $641.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Core & Main Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 44900000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (January 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $449.00 Million | 26.44% |
| Common Stock | $2.00 Million | 0.12% |
| Other Comprehensive Income | $27.00 Million | 1.59% |
| Other Components | $1.22 Billion | 71.85% |
| Total Equity | $1.70 Billion | 100.00% |
Core & Main Inc Competitors by Market Cap
The table below lists competitors of Core & Main Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Mosaic Company
NYSE:MOS
|
$9.10 Billion |
|
Bank of Hangzhou Co Ltd
SHG:600926
|
$9.10 Billion |
|
Mosaic Co.
LSE:0K3B
|
$9.11 Billion |
|
PerkinElmer Inc.
LSE:0KHE
|
$9.12 Billion |
|
Mitsui Mining & Smelting Co. Ltd
F:MMG
|
$9.09 Billion |
|
MPI Corporation
TWO:6223
|
$9.08 Billion |
|
JIO Financial Services Ltd
NSE:JIOFIN
|
$9.07 Billion |
|
SKF AB Series A
LSE:0NWW
|
$9.06 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Core & Main Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,451,000,000 to 1,698,000,000, a change of 247,000,000 (17.0%).
- Net income of 411,000,000 contributed positively to equity growth.
- Share repurchases of 176,000,000 reduced equity.
- Other comprehensive income decreased equity by 19,000,000.
- Other factors increased equity by 31,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $411.00 Million | +24.2% |
| Share Repurchases | $176.00 Million | -10.37% |
| Other Comprehensive Income | $-19.00 Million | -1.12% |
| Other Changes | $31.00 Million | +1.83% |
| Total Change | $- | 17.02% |
Book Value vs Market Value Analysis
This analysis compares Core & Main Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.72x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 18.11x to 5.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-01-31 | $2.67 | $48.28 | x |
| 2021-01-31 | $3.33 | $48.28 | x |
| 2022-01-31 | $5.42 | $48.28 | x |
| 2023-01-31 | $7.10 | $48.28 | x |
| 2024-01-31 | $6.37 | $48.28 | x |
| 2025-01-31 | $8.44 | $48.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Core & Main Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.20%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.52%
- • Asset Turnover: 1.27x
- • Equity Multiplier: 3.46x
- Recent ROE (24.20%) is above the historical average (15.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 5.61% | 1.06% | 1.06x | 4.99x | $-28.15 Million |
| 2021 | 4.62% | 1.02% | 0.93x | 4.90x | $-43.10 Million |
| 2022 | 12.53% | 3.32% | 1.13x | 3.35x | $33.50 Million |
| 2023 | 20.95% | 5.50% | 1.35x | 2.81x | $191.30 Million |
| 2024 | 25.57% | 5.54% | 1.32x | 3.49x | $225.90 Million |
| 2025 | 24.20% | 5.52% | 1.27x | 3.46x | $241.20 Million |
Industry Comparison
This section compares Core & Main Inc's net assets metrics with peer companies in the Industrial Distribution industry.
Industry Context
- Industry: Industrial Distribution
- Average net assets among peers: $929,083,333
- Average return on equity (ROE) among peers: 8.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Core & Main Inc (CNM) | $2.06 Billion | 5.61% | 2.07x | $9.10 Billion |
| Addtech AB (publ.) (ADDHY) | $3.08 Billion | 28.02% | 1.77x | $4.34 Billion |
| Andritz AG (ADRZF) | $1.33 Billion | 19.84% | 3.73x | $4.12 Billion |
| Applied Industrial Technologies (AIT) | $932.55 Million | 15.52% | 1.44x | $9.65 Billion |
| Beacon Roofing Supply Inc (BECN) | $26.57 Million | -1.42% | 8.92x | $7.71 Billion |
| BlueLinx Holdings Inc (BXC) | $141.49 Million | 18.31% | 7.04x | $335.15 Million |
| CD International Enterprises Inc (CDIIQ) | $64.33 Million | 0.00% | 0.25x | $7.73K |
| Doman Building Materials Group Ltd (CWXZF) | $497.71 Million | 21.40% | 2.09x | $403.14 Million |
| Now Inc (DNOW) | $1.40 Billion | -35.78% | 0.31x | $1.15 Billion |
| Diploma PLC (DPMAY) | $894.70 Million | 14.45% | 0.98x | $10.23 Billion |