Core & Main (Core & Main) EBIT

: $740 Mil (TTM As of Jan. 2024)

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Core & Main's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was $116 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was $740 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Core & Main's annualized ROC % for the quarter that ended in Jan. 2024 was 8.45%. Core & Main's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 32.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Core & Main's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 5.77%.

Core & Main EBIT Historical Data

The historical data trend for Core & Main's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Core & Main Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

EBIT

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155.00

185.00

374.00

775.00

740.00

Core & Main Quarterly Data
	Jan19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
EBIT	Get a 7-Day Free Trial													124.00	181.00	226.00	217.00	116.00

Competitive Comparison

For the Industrial Distribution subindustry, Core & Main's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Core & Main EV-to-EBIT Distribution

For the Industrial Distribution industry and Industrials sector, Core & Main's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Core & Main's EV-to-EBIT falls into.

Core & Main EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $740 Mil.

Core & Main (NYSE:CNM) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Core & Main's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

	ROC % (Q: Jan. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Oct. 2023 )	+	Invested Capital (Q: Jan. 2024 ))	/ count )
=	464 * ( 1 - 19.15% )	/	( (4320	+	4564)	/ 2 )
=	375.144	/	4442
=	8.45 %

where

	Invested Capital		(Q: Oct. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	5067	-	646	-	( 101	-	max(0, 921	-	2171	+	101	))
=	4320

	Invested Capital		(Q: Jan. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	5069	-	504	-	( 1	-	max(0, 774	-	1773	+	1	))
=	4564

Note: The Operating Income data used here is four times the quarterly (Jan. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Core & Main's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jan. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Oct. 2023		Q: Jan. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	464	/	( ( (326 + max(1218, 0))	+	(343 + max(983, 0)) )	/	2 )
=	464	/	( ( 1544	+	1326 )	/	2 )
=	464	/	1435
=	32.33 %

where Working Capital is:

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1215	+	824	+	31)	-	(646	+	0	+	206)
=	1218

	Working Capital		(Q: Jan. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(888	+	766	+	33)	-	(504	+	0	+	200)
=	983

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Core & Main's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jan. 2024 )
	=	740	/	12824.730
	=	5.77 %

Core & Main EBIT Related Terms

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Core & Main (Core & Main) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Core & Main Inc (NYSE:CNM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1830 Craig Park Court, Saint Louis, MO, USA, 63146

Website

https://www.coreandmain.com

Core & Main Inc is a distributor of water, sewer, storm drain, and fire protection products in the United States. It combines local expertise with a national supply chain to provide contractors and municipalities solutions for new construction and aging infrastructure.

Executives

John R Schaller	officer: President, Waterworks	C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Orvin T Kimbrough	director	C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Stephen O Leclair	director, officer: Chief Executive Officer	3100 CUMBERLAND BLVD, SUITE 1700, ATLANTA GA 30339
Laura K Schneider	officer: Chief Human Resources Officer	C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Jeffrey D Giles	officer: VP, Corporate Department	C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Cd&r Fund X Waterworks B1, L.p.	10 percent owner	C/O CLAYTON, DUBILIER & RICE, LLC, 375 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10152
John Weldon Stephens	officer: VP, Corp. Controller	C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Mark R Witkowski	officer: Chief Financial Officer	C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Bradford A Cowles	officer: President, Fire Protection	C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
James G Castellano	director	C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Mark G Whittenburg	officer: General Counsel and Secretary	C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Robert M Buck	director	260 JIMMY ANN DRIVE, DAYTONA BEACH FL 32114
Bhavani Amirthalingam	director	1901 CHOUTEAU AVENUE, P.O. BOX 66149, ST. LOUIS MO 63166-6149
Margaret Newman	director	KEURIG DR PEPPER INC., 53 SOUTH AVE., BURLINGTON MA 01803
Kathleen M Mazzarella	director	C/O GRAYBAR ELECTRIC CO., INC, 34 N. MERAMEC AVENUE, CLAYTON MO 63105