Core & Main annual operating margin
2019
2020
2021
2022
2023
2024
2025
Core & Main Operating Margin Growth & History (CNM)
Core & Main's operating margin was 9.44% for fiscal 2025.
View full Core & Main company overviewCore & Main annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2026-02-01 | 9.44% | −0.22 pp |
| 2024 | 2025-02-02 | 9.66% | −1.38 pp |
| 2023 | 2024-01-28 | 11.04% | −0.61 pp |
| 2022 | 2023-01-29 | 11.65% | +3.16 pp |
| 2021 | 2022-01-30 | 8.49% | +3.41 pp |
| 2020 | 2021-01-31 | 5.08% | +0.51 pp |
| 2019 | 2020-02-02 | 4.57% | — |
Core & Main quarterly operating 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 | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-05-03 | 9.27% | +0.32 pp |
| Q4 2025 | 2026-02-01 | 7.46% | +0.16 pp |
| Q3 2025 | 2025-11-02 | 10.67% | −0.27 pp |
| Q2 2025 | 2025-08-03 | 10.18% | −0.21 pp |
| Q1 2025 | 2025-05-04 | 8.95% | −0.70 pp |
| Q4 2024 | 2025-02-02 | 7.30% | −0.75 pp |
| Q3 2024 | 2024-10-27 | 10.94% | −0.94 pp |
| Q2 2024 | 2024-07-28 | 10.39% | −1.76 pp |
| Q1 2024 | 2024-04-28 | 9.65% | −1.85 pp |
| Q4 2023 | 2024-01-28 | 8.06% | −0.97 pp |
| Q3 2023 | 2023-10-29 | 11.88% | −0.99 pp |
| Q2 2023 | 2023-07-30 | 12.14% | −0.59 pp |
| Q1 2023 | 2023-04-30 | 11.50% | +0.24 pp |
| Q4 2022 | 2023-01-29 | 9.02% | −1.44 pp |
| Q3 2022 | 2022-10-30 | 12.87% | +5.17 pp |
| Q2 2022 | 2022-07-31 | 12.74% | +6.19 pp |
| Q1 2022 | 2022-05-01 | 11.26% | +4.87 pp |
| Q3 2021 | 2021-10-31 | 10.46% | +4.24 pp |
| Q2 2021 · Aug 1 | 2021-08-01 | 7.70% | — |
| Q1 2021 | 2021-05-02 | 6.54% | — |
| Q3 2020 | 2020-11-01 | 6.39% | — |
| Q2 2020 | 2020-08-02 | 6.22% | — |
Core & Main operating margin trends
Over the last five reported fiscal years, Core & Main's operating margin increased from 5.08% to 9.44%, a change of +4.36 percentage points. The latest reported quarter, Q1 2026, shows 9.27%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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 ↗