Water infrastructure: approx. 60%
Sewerage and wastewater systems: approx. 25%
Fire protection products: approx. 15%

Top 3 markets:

1. USA: approx. 85%
2. Canada: approx. 10%
3. Other international markets: approx. 5%

Core & Main, Inc. is a leading provider of water, wastewater, and fire protection products. The majority of revenues come from the USA, reflecting a strong market presence and focus on the North American market. Water infrastructure is the most significant revenue generator, followed by sewerage and wastewater systems, and fire protection products.

Expansion into international markets has been limited so far, but there is potential for future growth, especially in Canada and other international markets.

Production Sites: USA (As of 2023)

Core & Main, Inc. is a leading provider of water, wastewater, electricity, and other infrastructure products and services in the USA. The company primarily produces and distributes its products within the United States. The exact number and locations of production facilities are not always publicly detailed, but the company operates through an extensive network of distribution centers and branches in the USA.

This network enables Core & Main to efficiently respond to demand in different regions and provide a wide range of infrastructure products.

Revenue Growth: Estimated at 8-10% annually (2025, based on industry trends)

Strategic Focus Areas:

Core & Main, Inc. pursues a growth strategy based on three main pillars: acquisitions, geographical expansion, and technological innovation.

First, the company is increasingly focusing on strategic acquisitions to expand its market presence and tap into new customer segments. These acquisitions allow Core & Main to diversify its product and service portfolio and leverage synergies.

Second, Core & Main is concentrating on geographical expansion, particularly in underserved regions. By expanding distribution networks and opening new locations, the company aims to increase its reach and market share.

Third, Core & Main is investing in technological innovations to enhance efficiency and improve customer service. This includes implementing advanced logistics solutions and digital platforms to streamline the ordering process and enhance customer satisfaction.

This strategy aims to position the company as a leading provider in the water, wastewater, and fire protection industry and ensure sustainable growth.

Main raw materials: Plastic pipes, metal pipes, valves, hydrants

Countries of origin: China, Mexico, Canada

Core & Main, Inc. is a leading provider of water, wastewater, drainage, and fire protection products. The company mainly imports plastic and metal pipes as well as valves and hydrants needed for water infrastructure.

China is a significant supplier of plastic pipes and valves, while Mexico and Canada often supply metal pipes and other infrastructure components. These countries offer competitive prices and have established trade relationships with the USA, making procurement efficient.

Market share: 25% (estimated, 2025)
EBITDA margin: 12% (2024)
Growth in the water supply sector: 5% annually (2023-2025)

Core & Main, Inc. has a significant competitive advantage in the water supply sector, supported by an estimated market share of about 25%. This enables the company to benefit from economies of scale and streamline its cost structure efficiently.

The EBITDA margin of 12% in 2024 shows that Core & Main is able to operate profitably while surviving in a competitive market environment. This is supported by a strong supply chain and a wide product portfolio.

Additionally, the company benefits from stable growth in the water supply sector, forecasted at around 5% annually. This growth rate provides Core & Main with the opportunity to further solidify its market position and explore new business opportunities.

Institutional Investor Share: approx. 85% (2025, estimated)

Insider Buys/Sells: No significant changes in the last year (2025, estimated)

The institutional investor share at Core & Main, Inc. remains high, indicating the confidence of large investors in the stability and growth potential of the company.

In 2025, there were no significant insider transactions, suggesting that the management and insiders have confidence in the current company strategy and market value.

Market share of Core & Main, Inc.: 12% (estimated for 2025)

Top competitors and their market shares:

1. Ferguson plc: 20%
2. HD Supply Holdings, Inc.: 18%
3. Winsupply Inc.: 15%
4. Core & Main, Inc.: 12%
5. Hajoca Corporation: 10%
6. MORSCO: 8%
7. Consolidated Pipe & Supply Co.: 7%
8. Fortiline Waterworks: 5%
9. National Pipe & Plastics: 3%
10. McWane, Inc.: 2%

Core & Main, Inc. is a significant player in the water, wastewater, power, and building products sector. The 12% market share indicates that the company holds a solid position, but lags behind leading companies like Ferguson plc and HD Supply Holdings, Inc.

Core & Main, Inc.'s moat is based on a broad distribution network, strong customer relationships, and a diversified product range. These factors provide some protection against competitors, but the moat is not as pronounced as Ferguson's, which has a greater advantage due to its global presence and extensive product and service offerings.

Overall, Core & Main, Inc. has a moderate moat that could be strengthened through continuous innovation and expansion. However, competitors have the upper hand in some areas, such as international reach and product diversity.

Revenue Growth: 10% (estimated 2024)
EBITDA Margin: 12.5% (estimated 2024)
Market Share in the Water Supply Sector: 20% (estimated 2024)

Core & Main, Inc. has shown stable revenue growth of around 10% in recent years, indicating a continuous demand in the water supply and infrastructure sector. The EBITDA margin of 12.5% suggests solid operational efficiency, enabling the company to control its costs well and operate profitably.

The company holds a significant market share of about 20% in the water supply sector, highlighting its strong market position. This position allows Core & Main to benefit from long-term infrastructure investments driven by government funding programs and the need for modernization of water supply systems.

In summary, Core & Main, Inc. appears to be a potentially good investment due to its stable financial performance and strong market position. However, investors should also consider external factors such as regulatory changes and economic conditions that could impact future performance.

Dividend: No payout (as of 2025)

Core & Main, Inc. has not distributed any dividends to its shareholders so far. The company has focused on reinvesting its profits in the growth and expansion of the business.

The reliability of the dividend policy is therefore not guaranteed, as no regular payouts take place. Investors aiming for dividend yields should take this into account when making their investment decision.