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Core & Main vs Fastenal Company: Which Stock Looks Stronger in 2026?

Fastenal Company holds the cleaner structural position, with the lead spread across profitability and growth. Core & Main still has the edge on valuation, which keeps the comparison from looking entirely one-sided. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the Russell 1000 universe, making them directly comparable.

Updated 2026-05-17

The lead is spread across profitability and growth, rather than sitting in one isolated gap. Fastenal Company leads by 20 points on the overall comparison score.

INDUSTRY COMPARISON

Both operate in: Industrial Distribution

This comparison is based on industry proximity, not on functional trajectory similarity. CNM and FAST share the same industry classification.

For a similarity-based comparison, see how Core & Main and Fastenal Company each position within their functional peer groups in AssetNext.

Peer-Relative Score
CNM
Core & Main, Inc.
46
Peer-Score
Signal qualitylow
Peer basis: Russell 1000
vs
FAST
Fastenal Company
66
Peer-Score
Signal qualitylow
Peer basis: Russell 1000

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: CNM vs FAST Profitability 33 84 Stability 36 66 Valuation 75 45 Growth 31 69 CNM FAST
Gap Ranking
#1 Profitability +51
#2 Growth +38
#3 Valuation +30
#4 Stability +30
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for CNM and FAST Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer CNMFAST Relative valuation Structural strength

Fastenal Company is cheaper, but Core & Main, Inc. is still stronger.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where CNM and FAST each sit in their own 4.8-year price and valuation history.

BASED ON 4.8-YEAR HISTORY CNM Elevated · near norm 0th 50th 100th 17 pct gap FAST Elevated · above norm 0th 50th 100th 72nd 89th
Today CNM sits in the upper-middle of its own 5-year history (72nd percentile), while FAST sits higher in its own history (89th). Within each stock's own 5-year context, CNM is at a historically more favourable entry position than FAST. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Profitability
On profitability, Fastenal Company ranks near the top of the group; Core & Main, Inc. sits in the weaker half.
Growth
On growth, the gap still runs the same way: Fastenal Company sits near the top of the group, while Core & Main, Inc. remains in the weaker half.
Profitability — Dominant Gap
CNM
33
FAST
84
Gap+51in favour of FAST

The profitability lead is mainly driven by a 12.9-point operating margin advantage.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for Core & Main, with a forward P/E that is 13.6 turns lower there.

What this means for the comparison

The lead is built on both profitability and growth — though valuation still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the CNM vs FAST comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how CNM and FAST each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.