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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY272026-08-02 | Q1 FY272026-05-03 | Q4 FY262026-02-01 | Q3 FY262025-11-02 | Q2 FY262025-08-03 | Q1 FY262025-05-04 | Q4 FY252025-02-02 | Q3 FY252024-10-27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.15B | $1.91B | $1.58B | $2.06B | $2.09B | $1.91B | $1.70B | $2.04B |
| Cost of revenue | $1.57B | $1.39B | $1.15B | $1.50B | $1.53B | $1.40B | $1.25B | $1.50B |
| Gross profit | $573.00M | $520.00M | $428.00M | $561.00M | $560.00M | $510.00M | $451.00M | $543.00M |
| Gross margin | 26.7% | 27.2% | 27.1% | 27.2% | 26.8% | 26.7% | 26.6% | 26.6% |
| Selling, general and administrative | $301.00M | $299.00M | $264.00M | $295.00M | $302.00M | $293.00M | $279.00M | $274.00M |
| Operating expenses | $346.00M | $343.00M | $310.00M | $341.00M | $347.00M | $339.00M | $327.00M | $320.00M |
| Operating income | $227.00M | $177.00M | $118.00M | $220.00M | $213.00M | $171.00M | $124.00M | $223.00M |
| Operating margin | 10.6% | 9.3% | 7.5% | 10.7% | 10.2% | 8.9% | 7.3% | 10.9% |
| EBITDA | $277.00M | $224.00M | $166.00M | $268.00M | $261.00M | $219.00M | $174.00M | $272.00M |
| Interest expense | −$32.00M | −$27.00M | −$29.00M | −$30.00M | −$31.00M | −$30.00M | −$36.00M | −$36.00M |
| Income before taxes | $193.00M | $150.00M | $94.00M | $190.00M | $182.00M | $141.00M | $88.00M | $187.00M |
| Income taxes | $43.00M | $37.00M | $21.00M | $47.00M | $41.00M | $36.00M | $21.00M | $47.00M |
| Net income | $150.00M | $113.00M | $73.00M | $143.00M | $141.00M | $105.00M | $67.00M | $140.00M |
| Net margin | 7.0% | 5.9% | 4.6% | 6.9% | 6.7% | 5.5% | 3.9% | 6.9% |
| EPS, basic | $0.77 | $0.57 | $0.37 | $0.72 | $0.71 | $0.53 | $0.34 | $0.69 |
| EPS, diluted | $0.77 | $0.57 | $0.36 | $0.72 | $0.70 | $0.52 | $0.32 | $0.69 |
| Diluted shares | 193.36M | 195.68M | 196.54M | 197.91M | 198.30M | 198.70M | 199.32M | 201.17M |
Figures describe Core & Main shares, not any token. As of Sep 9, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.