CNM
Core & Main, Inc.
CNM has a slight edge over RDW overall, supported by lower modeled downside and stronger valuation.
RDW
Redwire Corporation
RDW offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
CNM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Stable |
CNM's profitability and cash flow are currently healthy, and its revenue and balance sheet are stable.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
CNM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 14x | $44.62 | — |
| Cheap | 16x | $39.56 | -11% |
| Current | 18x | $44.62 | — |
| Fair | 22x | $54.21 | +21% |
| Expensive | 27x | $65.05 | +46% |
Historical ranges are pointers, not guarantees.
CNM's PE is in its cheap range at 18x. If earnings grow as analysts expect, today's price would be 14x next year's earnings.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
CNM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Improving | |
| Moderate | |
| High |
Analysts expect CNM's earnings to grow and its profitability to improve, with its revenue holding steady.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
RDW has the edge over CNM on the outlook, with more favorable revenue expectations.
CNM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.29 | +36% |
| Q3 2026 | $2.43 | +8% |
| Q2 2026 | $2.36 | +9.3% |
| Q1 2026 | $2.31 | +8.5% |
| Q4 2025 | $2.28 | +7% |
| Q3 2025 | $2.25 | +7.7% |
| Q2 2025 | $2.16 | +0.9% |
| Q1 2025 | $2.13 | -0.9% |
| Q4 2024 | $2.13 | +0.5% |
CNM has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
CNM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.1B | +2.5% |
| Q2 2026 | $1.9B | -0.1% |
| Q1 2026 | $1.6B | -6.9% |
| Q4 2025 | $2.1B | +1.2% |
| Q3 2025 | $2.1B | +6.6% |
| Q2 2025 | $1.9B | +9.8% |
| Q1 2025 | $1.7B | +18% |
| Q4 2024 | $2B | +12% |
CNM's revenue grew through 2024 and has held roughly level since: $2.1B last quarter, up 2.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +0.4 points |
| Q2 2026 | 9.3% | +0.3 points |
| Q1 2026 | 7.5% | +0.2 points |
| Q4 2025 | 11% | -0.3 points |
| Q3 2025 | 10% | -0.2 points |
| Q2 2025 | 8.9% | -0.7 points |
| Q1 2025 | 7.3% | -0.8 points |
| Q4 2024 | 11% | -0.9 points |
CNM has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW has the edge over CNM on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
CNM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $44M | +83% |
| Q2 2026 | $68M | +6.3% |
| Q1 2026 | $253M | +13% |
| Q4 2025 | $263M | +4.4% |
| Q3 2025 | $24M | -38% |
| Q2 2025 | $64M | -9.9% |
| Q1 2025 | $224M | -22% |
| Q4 2024 | $252M | -29% |
CNM has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
CNM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -2.3M shares |
| 1 year | -2.5% | -4.9M shares |
| 3 years | -16% | -35.6M shares |
| 5 years | +39% | +54.4M shares |
| Available history | +21% | +33.3M shares |
CNM has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $169M |
| Q2 2026 | $88M |
| Q1 2026 | $58M |
| Q4 2025 | $50M |
| Q3 2025 | $8M |
| Q2 2025 | $39M |
| Q1 2025 | $55M |
| Q4 2024 | $100M |
CNM spent $365M buying back its own shares over the past year, up 81% from the year before.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
CNM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.3x | Moderate |
| Q2 2026 | 2.2x | Moderate |
| Q1 2026 | 2.1x | Moderate |
| Q4 2025 | 2.3x | Moderate |
| Q3 2025 | 2.4x | Moderate |
| Q2 2025 | 2.5x | Moderate |
| Q1 2025 | 2.5x | Moderate |
| Q4 2024 | 2.7x | Moderate |
CNM's net debt is about 2.3 years of its operating earnings (EBITDA), about the same as a year ago.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
CNM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.6 | Neutral |
| Stochastic | 58.7 | Neutral |
CNM's weekly RSI is 49 (neutral) and its Stochastic is 59 (neutral).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
CNM PE vs Industrials Sector
| Metric | CNM | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 24x | 24% below |
| PE % | 23 | 63 | 40 pts below |
CNM is trading at 18x earnings, a 24% discount to the Industrials sector's median of 24x.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
CNM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $42.9 | 4% above |
| 20 week MA | $43.7 | 2% above |
| 50 week MA | $48.6 | 8.2% below |
| 100 week MA | $51.5 | 13% below |
| 200 week MA | $45.2 | 1.4% below |
CNM has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
CNM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $23.7 | $29.5 | +25% |
| 2022 | $29.5 | $19.2 | -35% |
| 2023 | $19.2 | $40.4 | +111% |
| 2024 | $40.4 | $51.0 | +26% |
| 2025 | $51.0 | $54.0 | +5.8% |
| 2026 YTD | $54.0 | $44.6 | -17% |
CNM has finished higher in four of the last five years. It's down 17% so far in 2026.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW has the edge over CNM on returns for 2026, with the stronger performance.