Filing Flows › Core & Main (CNM) › Q4 FY25
Core & Main (CNM) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Mar 25, 2025
Core & Main (CNM) reported revenue of $1.7B for the fourth quarter fiscal 2025 (Q4 FY25), +18% from a year earlier and -17% from the quarter before. Operating margin was 7.3%, net earnings $64.0M (3.8% of revenue).
Core & Main, Q4 FY25: revenue $1.7B (+18% year over year), operating margin 7.3%, net earnings $64.0M, operating cash flow $235M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | -17% | +18% |
| Gross profit | $451M | -17% | +17% |
| Operating profit | $124M | -44% | +7% |
| Net earnings | $64.0M | -52% | +2% |
| Operating cash flow | $235M | -10% | -20% |
| Free cash flow | $224M | -11% | -22% |
What changed
Revenue was $1.7B in Q4 FY25, up 18% year over year and down 17% from the previous quarter. Pipes, valves & fittings products was the largest line at 66% of revenue.
Gross margin was 26.6%, down 0.1 points from a year earlier. Operating profit was $0.12B, a 7.3% margin (down 0.8 points year over year). Of the extra revenue versus a year earlier, 3% reached operating profit, below the 8% margin then. Operating expenses grew 22% against revenue growth of 18%. The fastest-growing cost line was Other operating costs (+26%). Net earnings were $0.06B, up 2% year over year. The effective tax rate was 23.9%.
Operating cash flow was $0.23B (down 20% year over year), 351% of net income including minority interests. Non-cash charges added back $0.05B of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $0.12B. Capital expenditures of $0.01B left free cash flow of $0.22B.
Questions
What was Core & Main's revenue in the fourth quarter fiscal 2025?
Core & Main (CNM) reported revenue of $1.7B for the fourth quarter fiscal 2025 (Q4 FY25), +18% from a year earlier and -17% from the quarter before.
Was Core & Main profitable in the fourth quarter fiscal 2025?
Operating profit was $124M (7.3% of revenue) and net earnings $64.0M.
Source: Core & Main 10-K on SEC EDGAR.