Bellring Brands Inc Financials
This page shows Bellring Brands Inc (BRBR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Bellring Brands Inc has an operating margin of 15.4%, meaning the company retains $15 of operating profit per $100 of revenue. This strong profitability earns a score of 77/100, reflecting efficient cost management and pricing power. This is down from 19.4% the prior year.
Bellring Brands Inc's revenue surged 16.1% year-over-year to $2.3B, reflecting rapid business expansion. This strong growth earns a score of 74/100.
With a current ratio of 2.35, Bellring Brands Inc holds $2.35 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 74/100.
Bellring Brands Inc has a free cash flow margin of 11.1%, earning a moderate score of 55/100. The company generates positive cash flow after capital investments, but with room for improvement.
Bellring Brands Inc scores 5.52, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Bellring Brands Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Bellring Brands Inc generates $1.21 in operating cash flow ($260.6M OCF vs $216.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Bellring Brands Inc earns $5.2 in operating income for every $1 of interest expense ($357.4M vs $68.4M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Bellring Brands Inc generated $2.3B in revenue in fiscal year 2025. This represents an increase of 16.1% from the prior year.
Bellring Brands Inc's EBITDA was $376.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 11.4% from the prior year.
Bellring Brands Inc generated $255.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 29.4% from the prior year.
Bellring Brands Inc reported $216.2M in net income in fiscal year 2025. This represents a decrease of 12.3% from the prior year.
Bellring Brands Inc earned $1.68 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 9.7% from the prior year.
Bellring Brands Inc held $71.8M in cash against $1.1B in long-term debt as of fiscal year 2025.
Bellring Brands Inc had 120M shares outstanding in fiscal year 2025. This represents a decrease of 7.1% from the prior year.
Bellring Brands Inc's gross margin was 33.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.2 percentage points from the prior year.
Bellring Brands Inc's operating margin was 15.4% in fiscal year 2025, reflecting core business profitability. This is down 4.0 percentage points from the prior year.
Bellring Brands Inc's net profit margin was 9.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.0 percentage points from the prior year.
Bellring Brands Inc invested $16.0M in research and development in fiscal year 2025. This represents an increase of 11.9% from the prior year.
Bellring Brands Inc spent $474.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 223.9% from the prior year.
Bellring Brands Inc invested $4.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 161.1% from the prior year.
BRBR Income Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $537.3M-1.9% | $547.5M-6.9% | $588.0M+10.3% | $532.9M+3.4% | $515.4M+4.2% | $494.6M+14.9% | $430.4M-3.5% | $445.9M |
| Cost of Revenue | $376.5M+6.4% | $353.9M-11.1% | $398.2M+19.5% | $333.3M+2.4% | $325.5M-1.5% | $330.3M+17.0% | $282.4M-8.9% | $309.9M |
| Gross Profit | $160.8M-16.9% | $193.6M+2.0% | $189.8M-4.9% | $199.6M+5.1% | $189.9M+15.6% | $164.3M+11.0% | $148.0M+8.8% | $136.0M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $78.0M-46.0% | $144.5M+59.7% | $90.5M+13.0% | $80.1M+8.2% | $74.0M+7.1% | $69.1M+30.9% | $52.8M-4.2% | $55.1M |
| Operating Income | $78.5M+75.2% | $44.8M-52.9% | $95.1M-17.5% | $115.3M+3.3% | $111.6M+22.6% | $91.0M+24.7% | $73.0M-3.9% | $76.0M |
| Interest Expense | $20.0M+8.7% | $18.4M+11.5% | $16.5M+14.6% | $14.4M0.0% | $14.4M-0.7% | $14.5M-2.7% | $14.9M-13.9% | $17.3M |
| Income Tax | $14.8M+174.1% | $5.4M-72.9% | $19.9M-17.1% | $24.0M+2.1% | $23.5M+21.8% | $19.3M+35.9% | $14.2M-1.4% | $14.4M |
| Net Income | $43.7M+108.1% | $21.0M-64.2% | $58.7M-23.7% | $76.9M+4.3% | $73.7M+28.8% | $57.2M+30.3% | $43.9M-0.9% | $44.3M |
| EPS (Diluted) | $0.36+125.0% | $0.16-64.4% | $0.45-23.7% | $0.59+5.4% | $0.56+30.2% | $0.43+30.3% | $0.330.0% | $0.33 |
BRBR Balance Sheet
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.1B+6.7% | $993.7M+4.9% | $947.5M+7.0% | $885.2M+5.8% | $837.0M+9.4% | $765.0M+6.9% | $715.5M+3.5% | $691.6M |
| Current Assets | $786.3M+6.3% | $739.4M+4.1% | $710.6M+9.4% | $649.5M+9.6% | $592.7M+15.5% | $513.2M+10.4% | $464.8M+9.6% | $424.2M |
| Cash & Equivalents | $64.1M+46.7% | $43.7M+55.5% | $28.1M-43.3% | $49.6M-29.9% | $70.8M-10.7% | $79.3M-6.7% | $85.0M+75.6% | $48.4M |
| Inventory | $435.2M+4.7% | $415.6M+7.9% | $385.3M+10.4% | $348.9M+22.0% | $286.1M+47.4% | $194.1M+3.5% | $187.6M-3.4% | $194.3M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $173.8M |
| Goodwill | $65.9M0.0% | $65.9M0.0% | $65.9M0.0% | $65.9M0.0% | $65.9M0.0% | $65.9M0.0% | $65.9M0.0% | $65.9M |
| Total Liabilities | $1.6B+20.5% | $1.3B+8.5% | $1.2B+16.5% | $1.0B-1.1% | $1.0B+3.0% | $1.0B+1.0% | $1.0B-1.3% | $1.0B |
| Current Liabilities | $352.0M+21.2% | $290.4M+19.3% | $243.4M+25.5% | $193.9M-4.8% | $203.7M+17.7% | $173.0M+6.5% | $162.5M+8.2% | $150.2M |
| Long-Term Debt | $1.2B+17.4% | $1.0B+5.8% | $953.7M+14.4% | $833.4M0.0% | $833.1M+0.1% | $832.4M0.0% | $832.1M-2.9% | $856.8M |
| Total Equity | -$510.7M-64.8% | -$309.9M-22.0% | -$254.1M-73.3% | -$146.6M+28.8% | -$205.9M+16.9% | -$247.7M+13.7% | -$286.9M+11.3% | -$323.5M |
| Retained Earnings | $316.3M+48.5% | $213.0M+10.9% | $192.0M+44.0% | $133.3M+136.3% | $56.4M+163.4% | -$89.0M+39.1% | -$146.2M+23.1% | -$190.1M |
BRBR Cash Flow Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.1M-107.7% | $40.3M-16.4% | $48.2M+1506.7% | $3.0M-92.5% | $40.1M+146.0% | $16.3M-78.0% | $74.2M-12.6% | $84.9M |
| Capital Expenditures | $4.2M+133.3% | $1.8M+200.0% | $600K-53.8% | $1.3M+8.3% | $1.2M+300.0% | $300K+50.0% | $200K-75.0% | $800K |
| Free Cash Flow | -$7.3M-119.0% | $38.5M-19.1% | $47.6M+2700.0% | $1.7M-95.6% | $38.9M+143.1% | $16.0M-78.4% | $74.0M-12.0% | $84.1M |
| Investing Cash Flow | -$4.2M-133.3% | -$1.8M-200.0% | -$600K+53.8% | -$1.3M-8.3% | -$1.2M-300.0% | -$300K-50.0% | -$200K+75.0% | -$800K |
| Financing Cash Flow | -$5.3M+81.1% | -$28.1M+47.1% | -$53.1M-128.9% | -$23.2M+42.7% | -$40.5M-89.3% | -$21.4M+43.4% | -$37.8M+38.9% | -$61.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $96.9M+16.7% | $83.0M-52.1% | $173.1M+1366.9% | $11.8M-70.9% | $40.5M+89.3% | $21.4M+127.7% | $9.4M+19.0% | $7.9M |
BRBR Financial Ratios
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.9%-5.4pp | 35.4%+3.1pp | 32.3%-5.2pp | 37.5%+0.6pp | 36.9%+3.6pp | 33.2%-1.2pp | 34.4%+3.9pp | 30.5% |
| Operating Margin | 14.6%+6.4pp | 8.2%-8.0pp | 16.2%-5.5pp | 21.6%0.0pp | 21.6%+3.3pp | 18.4%+1.4pp | 17.0%-0.1pp | 17.0% |
| Net Margin | 8.1%+4.3pp | 3.8%-6.1pp | 10.0%-4.5pp | 14.4%+0.1pp | 14.3%+2.7pp | 11.6%+1.4pp | 10.2%+0.3pp | 9.9% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 4.1%+2.0pp | 2.1%-4.1pp | 6.2%-2.5pp | 8.7%-0.5pp | 9.2%+1.7pp | 7.5%+1.3pp | 6.1%+0.0pp | 6.1% |
| Current Ratio | 2.23-0.3 | 2.55-0.4 | 2.92-0.4 | 3.35+0.4 | 2.91-0.1 | 2.97+0.1 | 2.86+0.0 | 2.82 |
| Debt-to-Equity | -2.32+0.9 | -3.26+0.5 | -3.75+1.9 | -5.68-1.6 | -4.05-0.7 | -3.36-0.5 | -2.90-0.3 | -2.65 |
| FCF Margin | -1.4%-8.4pp | 7.0%-1.1pp | 8.1%+7.8pp | 0.3%-13.1pp | 13.4%+10.1pp | 3.2%-14.0pp | 17.2%-7.5pp | 24.6% |
Note: Shareholder equity is negative (-$453.9M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
What is Bellring Brands Inc's annual revenue?
Bellring Brands Inc (BRBR) reported $2.3B in total revenue for fiscal year 2025. This represents a 16.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Bellring Brands Inc's revenue growing?
Bellring Brands Inc (BRBR) revenue grew by 16.1% year-over-year, from $2.0B to $2.3B in fiscal year 2025.
Is Bellring Brands Inc profitable?
Yes, Bellring Brands Inc (BRBR) reported a net income of $216.2M in fiscal year 2025, with a net profit margin of 9.3%.
What is Bellring Brands Inc's earnings per share (EPS)?
Bellring Brands Inc (BRBR) reported diluted earnings per share of $1.68 for fiscal year 2025. This represents a -9.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Bellring Brands Inc's EBITDA?
Bellring Brands Inc (BRBR) had EBITDA of $376.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Bellring Brands Inc have?
As of fiscal year 2025, Bellring Brands Inc (BRBR) had $71.8M in cash and equivalents against $1.1B in long-term debt.
What is Bellring Brands Inc's gross margin?
Bellring Brands Inc (BRBR) had a gross margin of 33.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Bellring Brands Inc's operating margin?
Bellring Brands Inc (BRBR) had an operating margin of 15.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Bellring Brands Inc's net profit margin?
Bellring Brands Inc (BRBR) had a net profit margin of 9.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Bellring Brands Inc's free cash flow?
Bellring Brands Inc (BRBR) generated $255.9M in free cash flow during fiscal year 2025. This represents a 29.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Bellring Brands Inc's operating cash flow?
Bellring Brands Inc (BRBR) generated $260.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Bellring Brands Inc's total assets?
Bellring Brands Inc (BRBR) had $941.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Bellring Brands Inc's capital expenditures?
Bellring Brands Inc (BRBR) invested $4.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Bellring Brands Inc spend on research and development?
Bellring Brands Inc (BRBR) invested $16.0M in research and development during fiscal year 2025.
Does Bellring Brands Inc buy back shares?
Yes, Bellring Brands Inc (BRBR) spent $474.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Bellring Brands Inc have outstanding?
Bellring Brands Inc (BRBR) had 120M shares outstanding as of fiscal year 2025.
What is Bellring Brands Inc's current ratio?
Bellring Brands Inc (BRBR) had a current ratio of 2.35 as of fiscal year 2025, which is generally considered healthy.
What is Bellring Brands Inc's debt-to-equity ratio?
Bellring Brands Inc (BRBR) had a debt-to-equity ratio of -2.39 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Bellring Brands Inc's return on assets (ROA)?
Bellring Brands Inc (BRBR) had a return on assets of 23.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Bellring Brands Inc's debt-to-equity ratio negative or unusual?
Bellring Brands Inc (BRBR) has negative shareholder equity of -$453.9M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Bellring Brands Inc's Altman Z-Score?
Bellring Brands Inc (BRBR) has an Altman Z-Score of 5.52, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Bellring Brands Inc's Piotroski F-Score?
Bellring Brands Inc (BRBR) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Bellring Brands Inc's earnings high quality?
Bellring Brands Inc (BRBR) has an earnings quality ratio of 1.21x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Bellring Brands Inc cover its interest payments?
Bellring Brands Inc (BRBR) has an interest coverage ratio of 5.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Bellring Brands Inc?
Bellring Brands Inc (BRBR) scores 70 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.