Core & Main Inc (CNM)
Operating profit margin
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | 740,000 | 775,000 | 425,000 |
| Revenue | US$ in thousands | 6,621,000 | 6,585,000 | 4,906,000 |
| Operating profit margin | 11.18% | 11.77% | 8.66% |
January 28, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $740,000K ÷ $6,621,000K
= 11.18%
The operating profit margin of Core & Main Inc has shown some fluctuation over the past three years. In January 2024, the operating profit margin decreased to 11.18% from 11.77% in January 2023, before which it had experienced an increase from 8.66% in January 2022. This indicates some variability in the company's ability to generate profits from its core operations. It is important for the company to closely monitor and analyze the factors contributing to these fluctuations to ensure sustainable profitability in the future.