Core & Main annual gross margin
2019
2020
2021
2022
2023
2024
2025
Core & Main Gross Margin Growth & History (CNM)
Core & Main's gross margin was 26.93% for fiscal 2025.
View full Core & Main company overviewCore & Main annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2026-02-01 | 26.93% | +0.32 pp |
| 2024 | 2025-02-02 | 26.61% | −0.52 pp |
| 2023 | 2024-01-28 | 27.13% | +0.14 pp |
| 2022 | 2023-01-29 | 26.99% | +1.41 pp |
| 2021 | 2022-01-30 | 25.58% | +1.47 pp |
| 2020 | 2021-01-31 | 24.11% | +0.83 pp |
| 2019 | 2020-02-02 | 23.28% | — |
Core & Main quarterly gross margin
Q2.20
Q3.20
Q1.21
Q2.21
Q3.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-05-03 | 27.23% | +0.54 pp |
| Q4 2025 | 2026-02-01 | 27.07% | +0.51 pp |
| Q3 2025 | 2025-11-02 | 27.21% | +0.56 pp |
| Q2 2025 | 2025-08-03 | 26.76% | +0.38 pp |
| Q1 2025 | 2025-05-04 | 26.69% | −0.19 pp |
| Q4 2024 | 2025-02-02 | 26.56% | −0.11 pp |
| Q3 2024 | 2024-10-27 | 26.64% | −0.40 pp |
| Q2 2024 | 2024-07-28 | 26.37% | −0.55 pp |
| Q1 2024 | 2024-04-28 | 26.88% | −1.01 pp |
| Q4 2023 | 2024-01-28 | 26.67% | −0.48 pp |
| Q3 2023 | 2023-10-29 | 27.04% | −0.46 pp |
| Q2 2023 | 2023-07-30 | 26.92% | 0.00 pp |
| Q1 2023 | 2023-04-30 | 27.89% | +1.55 pp |
| Q4 2022 | 2023-01-29 | 27.15% | +0.74 pp |
| Q3 2022 | 2022-10-30 | 27.50% | +2.46 pp |
| Q2 2022 | 2022-07-31 | 26.92% | +2.56 pp |
| Q1 2022 | 2022-05-01 | 26.35% | +2.21 pp |
| Q3 2021 | 2021-10-31 | 26.41% | +2.28 pp |
| Q2 2021 · Aug 1 | 2021-08-01 | 25.04% | — |
| Q1 2021 | 2021-05-02 | 24.36% | — |
| Q3 2020 | 2020-11-01 | 24.14% | — |
| Q2 2020 | 2020-08-02 | 24.12% | — |
Core & Main gross margin trends
Over the last five reported fiscal years, Core & Main's gross margin increased from 24.11% to 26.93%, a change of +2.82 percentage points. The latest reported quarter, Q1 2026, shows 27.23%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Core & Main filings at SEC.gov ↗