Primo Brands Corporation (PRMB) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PRMB SEC filings page.
Primo Brands Corporation (PRMB) reported $6.7B in revenue over the twelve months to Jun 30, 2026, up 11.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).
The business is seeing rapid expansion, but heavier reinvestment and margin pressure keep growth from flowing cleanly into free cash.
Cash conversion is splitting: operating cash flow rose47.0% in FY2025, while free cash flow fell3.4% . The reinvestment burden more than doubled capital expenditures from$150M to$377M , absorbing the operating-cash improvement rather than leaving it available after capital spending.
Top-line growth did not automatically improve product economics: revenue rose
Equity buffer was extremely thin in FY2023: liabilities were
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Primo Brands Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Primo Brands Corporation has an operating margin of 6.5%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 56/100, indicating healthy but not exceptional operating efficiency. This is down from 7.0% the prior year.
Primo Brands Corporation's revenue surged 29.3% year-over-year to $6.7B, reflecting rapid business expansion. This strong growth earns a score of 81/100.
Primo Brands Corporation has elevated debt relative to equity (D/E of 1.70), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 13/100, reflecting increased financial risk.
Primo Brands Corporation's current ratio of 0.95 is below the typical benchmark, resulting in a score of 16/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Primo Brands Corporation has a free cash flow margin of 4.5%, earning a moderate score of 43/100. The company generates positive cash flow after capital investments, but with room for improvement.
Primo Brands Corporation's ROE of 2.0% shows moderate profitability relative to equity, earning a score of 52/100. This is up from -0.5% the prior year.
Primo Brands Corporation scores 1.05, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($7.1B) relative to total liabilities ($7.6B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Primo Brands Corporation passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Primo Brands Corporation generates $11.32 in operating cash flow ($680.3M OCF vs $60.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Primo Brands Corporation earns $1.32 in operating income for every $1 of interest expense ($430.4M vs $326.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Primo Brands Corporation generated $1.8B in revenue in Q2 2026. This represents an increase of 3.8% from the same quarter a year earlier. Against the prior quarter it is up 10.5%.
Primo Brands Corporation's EBITDA was $322.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 25.0% from the same quarter a year earlier. Against the prior quarter it is up 15.6%.
Primo Brands Corporation reported $69.2M in net income in Q2 2026. This represents an increase of 150.7% from the same quarter a year earlier. Against the prior quarter it is up 153.5%.
Primo Brands Corporation earned $0.19 per diluted share (EPS) in Q2 2026. This represents an increase of 171.4% from the same quarter a year earlier. Against the prior quarter it is up 171.4%.
Cash & Balance Sheet
Primo Brands Corporation generated $142.4M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 40.9% from the same quarter a year earlier. Against the prior quarter it is up 20442.9%.
Primo Brands Corporation held $366.8M in cash against $5.1B in long-term debt as of Q2 2026.
Primo Brands Corporation paid $0.12 per share in dividends in Q2 2026. This represents an increase of 20.0% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Primo Brands Corporation's gross margin was 30.6% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.0 percentage points.
Primo Brands Corporation's operating margin was 10.0% in Q2 2026, reflecting core business profitability. This is up 3.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.6 percentage points.
Primo Brands Corporation's net profit margin was 3.9% in Q2 2026, showing the share of revenue converted to profit. This is up 2.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.2 percentage points.
Primo Brands Corporation's ROE was 2.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.4 percentage points.
Capital Allocation
Primo Brands Corporation spent $15.6M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 84.7% from the same quarter a year earlier. Against the prior quarter it is down 51.6%.
Primo Brands Corporation invested $85.5M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 58.6% from the same quarter a year earlier. Against the prior quarter it is down 18.2%.
Not reported for Q2 2026.
PRMB Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8B+3.8% | $1.6B+0.8% | $1.6B+11.2% | $1.8B+35.3% | $1.7B+31.6% | $1.6B+42.1% | $1.4B | $1.3B |
| Cost of Revenue | $1.2B+4.9% | $1.2B+6.3% | $1.1B+16.2% | $1.2B+39.3% | $1.2B+34.4% | $1.1B+38.3% | $967.1M | $888.9M |
| Gross Profit | $548.7M+1.4% | $464.9M-10.8% | $430.1M0.0% | $528.2M+26.9% | $540.9M+25.8% | $521.0M+50.8% | $430.1M | $416.2M |
| SG&A Expenses | $345.5M-8.7% | $336.7M+2.7% | $341.0M+1.5% | $343.0M+43.1% | $378.6M+47.7% | $327.8M+49.9% | $335.9M | $239.7M |
| Operating Income | $180.3M+59.8% | $138.0M-9.9% | $18.0M+122.2% | $146.4M-7.0% | $112.8M-29.1% | $153.2M+22.8% | -$81.0M | $157.5M |
| EBITDA | $322.5M+25.0% | $279.0M-1.0% | $191.2M+664.8% | $309.5M+31.5% | $258.1M+10.6% | $281.8M+40.9% | $25.0M | $235.3M |
| Interest Expense | $81.3M-0.7% | $78.3M-4.6% | $79.4M-9.6% | $83.1M-3.0% | $81.9M-5.0% | $82.1M+2.8% | $87.8M | $85.7M |
| Income Tax | $27.9M+71.2% | $13.5M-23.7% | $4.2M+128.2% | $26.4M+42.7% | $16.3M-10.9% | $17.7M+55.3% | -$14.9M | $18.5M |
| Net Income | $69.2M+150.7% | $27.3M-4.9% | -$13.0M+91.8% | $16.8M-68.5% | $27.6M-49.4% | $28.7M-14.3% | -$157.7M | $53.3M |
| EPS (Basic) | $0.19+171.4% | $0.080.0% | -$0.03+95.8% | $0.05-79.2% | $0.07-72.0% | $0.08-46.7% | -$0.72 | $0.24 |
| EPS (Diluted) | $0.19+171.4% | $0.07-12.5% | -$0.03 | $0.04 | $0.07 | $0.08 | -$0.72 | $0.24 |
| Diluted Shares (Avg) | 366M-3.0% | 366M-4.1% | N/A | 374M | 377M | 382M | N/A | 219M |
Not reported in any period shown, so not listed: R&D Expenses.
PRMB Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.6B-3.7% | $10.6B-3.6% | $10.6B-5.3% | $11.0B | $11.0B | $11.0B | $11.2B+117.2% | $0 |
| Current Assets | $1.4B-5.7% | $1.3B-7.6% | $1.2B-20.4% | $1.5B | $1.5B | $1.4B | $1.5B+119.1% | N/A |
| Cash & Equivalents | $366.8M-11.0% | $288.2M-35.9% | $376.7M-38.6% | $422.7M+139.2% | $412.0M+2176.2% | $449.7M+1258.6% | $613.7M+1272.9% | $176.7M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $257.0M+3.5% | $247.9M-1.7% | $223.5M+7.2% | $233.9M | $248.3M | $252.2M | $208.4M+15.5% | N/A |
| Accounts Receivable | $575.4M-2.0% | $535.8M+6.2% | $431.8M-2.7% | $550.0M | $587.0M | $504.6M | $444.0M+11.7% | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $3.6B+0.4% | $3.6B+0.5% | $3.6B+0.3% | $3.6B | $3.6B | $3.6B | $3.6B+337.0% | N/A |
| Total Liabilities | $7.7B-1.9% | $7.6B-0.2% | $7.6B-1.8% | $7.8B+3128.2% | $7.8B | $7.6B | $7.8B+50.5% | $241.5M |
| Current Liabilities | $1.3B-5.2% | $1.3B+1.0% | $1.3B-9.1% | $1.4B+71669900.0% | $1.4B | $1.3B | $1.4B+80.3% | $2K |
| Non-Current Liabilities | $6.3B-1.1% | $6.3B-0.5% | $6.3B-0.2% | $6.4B+2534.7% | $6.4B | $6.3B | $6.3B+45.1% | $241.5M |
| Long-Term Debt | $5.1B+1.2% | $5.1B+2.1% | $5.1B+2.4% | $5.0B | $5.0B | $5.0B | $5.0B+43.8% | N/A |
| Total Equity | $3.0B-8.2% | $3.0B-11.3% | $3.0B-13.1% | $3.2B+1408.5% | $3.2B+1193.7% | $3.3B+1052.9% | $3.4B+127463.0% | -$241.5M |
| Retained Earnings | -$2.1B-17.2% | -$2.1B-25.8% | -$2.0B-33.1% | -$1.8B-92199900.0% | -$1.7B | -$1.6B | -$1.5B-49.2% | -$2K |
PRMB Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $227.9M+47.0% | $103.8M+167.5% | $203.1M+116.8% | $283.4M | $155.0M+51.2% | $38.8M+546.7% | $93.7M | $0 |
| Depreciation & Amortization | $142.2M-2.1% | $141.0M+9.6% | $173.2M+63.4% | $163.1M+109.6% | $145.3M+95.6% | $128.6M+71.0% | $106.0M | $77.8M |
| Stock-Based Compensation | $11.1M-14.0% | $9.9M-17.5% | N/A | $11.9M+3866.7% | $12.9M+4200.0% | $12.0M+3900.0% | N/A | $300K |
| Capital Expenditures | $85.5M+58.6% | $104.5M+68.5% | $145.8M+173.5% | $115.7M+258.2% | $53.9M+31.1% | $62.0M+163.8% | $53.3M | $32.3M |
| Free Cash Flow | $142.4M+40.9% | -$700K+97.0% | $57.3M+41.8% | $167.7M+619.2% | $101.1M+64.7% | -$23.2M-32.6% | $40.4M | -$32.3M |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
| Dividends Paid | $43.5M+16.3% | $44.2M+14.5% | $38.1M+6.7% | $37.2M | $37.4M | $38.6M | $35.7M | $0 |
| Share Buybacks | $15.6M-84.7% | $32.2M-73.0% | $124.7M+1099.0% | $75.8M | $101.8M | $119.2M | $10.4M | $0 |
PRMB Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.6%-0.7pp | 28.6%-3.7pp | 27.7%-3.1pp | 29.9%-2.0pp | 31.3%-1.4pp | 32.3%+1.9pp | 30.8% | 31.9% |
| Operating Margin | 10.0%+3.5pp | 8.5%-1.0pp | 1.2%+7.0pp | 8.3%-3.8pp | 6.5%-5.6pp | 9.5%-1.5pp | -5.8% | 12.1% |
| Net Margin | 3.9%+2.3pp | 1.7%-0.1pp | -0.8%+10.4pp | 0.9%-3.1pp | 1.6%-2.6pp | 1.8%-1.2pp | -11.3% | 4.1% |
| Return on Equity | 2.3%+1.5pp | 0.9%+0.1pp | -0.4%+4.1pp | 0.5% | 0.9% | 0.9% | -4.6% | N/A |
| Return on Assets | 0.7%+0.4pp | 0.3%0.0pp | -0.1%+1.3pp | 0.1% | 0.3% | 0.3% | -1.4% | N/A |
| Current Ratio | 1.050.0x | 0.98-0.1x | 0.95-0.1x | 1.02 | 1.06 | 1.07 | 1.08+0.2x | N/A |
| Debt-to-Equity | 1.71+0.2x | 1.72+0.2x | 1.70+0.3x | 1.59 | 1.55 | 1.49 | 1.44-1276.6x | N/A |
| Asset Turnover | 0.170.0x | 0.150.0x | 0.150.0x | 0.16 | 0.16 | 0.15 | 0.12 | N/A |
| FCF Margin | 7.9%+2.1pp | 0.0%+1.4pp | 3.7%+0.8pp | 9.5%+12.0pp | 5.8%+1.2pp | -1.4%+0.1pp | 2.9% | -2.5% |
Note: The current ratio is below 1.0 (0.95), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Primo Brands Corporation PRMB | FY2025 | $6.7B | $60.1M | 0.9% | $7.1B | 44/100 |
| National Beverage Corp. FIZZ | FY2026 | $1.2B | $183.6M | 15.6% | $2.8B | 73/100 |
| Coca-Cola Consolidated, Inc. COKE | FY2025 | $7.2B | $570.6M | 7.9% | $12.8B | 56/100 |
| The Vita Coco Company, Inc. COCO | FY2025 | $609.8M | $72.7M | 11.9% | $3.2B | 72/100 |
| Celsius Holdings, Inc. CELH | FY2025 | $2.5B | $108.0M | 4.3% | $6.8B | 58/100 |
| Keurig Dr Pepper Inc. KDP | FY2025 | $16.6B | $2.1B | 12.5% | $41.3B | 50/100 |
Where Primo Brands Corporation Ranks
Frequently Asked Questions
What is Primo Brands Corporation's annual revenue?
Primo Brands Corporation (PRMB) reported $6.7B in total revenue for fiscal year 2025. This represents a 29.3% 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 Primo Brands Corporation's revenue growing?
Primo Brands Corporation (PRMB) revenue grew by 29.3% year-over-year, from $5.2B to $6.7B in fiscal year 2025.
Is Primo Brands Corporation profitable?
Yes, Primo Brands Corporation (PRMB) reported a net income of $60.1M in fiscal year 2025, with a net profit margin of 0.9%.
What is Primo Brands Corporation's EBITDA?
Primo Brands Corporation (PRMB) had EBITDA of $1.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Primo Brands Corporation have?
As of fiscal year 2025, Primo Brands Corporation (PRMB) had $376.7M in cash and equivalents against $5.1B in long-term debt.
What is Primo Brands Corporation's gross margin?
Primo Brands Corporation (PRMB) had a gross margin of 30.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Primo Brands Corporation's operating margin?
Primo Brands Corporation (PRMB) had an operating margin of 6.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Primo Brands Corporation's net profit margin?
Primo Brands Corporation (PRMB) had a net profit margin of 0.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Primo Brands Corporation pay dividends?
Yes, Primo Brands Corporation (PRMB) paid $0.40 per share in dividends during fiscal year 2025.
What is Primo Brands Corporation's return on equity (ROE)?
Primo Brands Corporation (PRMB) has a return on equity of 2.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Primo Brands Corporation's free cash flow?
Primo Brands Corporation (PRMB) generated $302.9M in free cash flow during fiscal year 2025. This represents a -3.4% 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 Primo Brands Corporation's operating cash flow?
Primo Brands Corporation (PRMB) generated $680.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Primo Brands Corporation's total assets?
Primo Brands Corporation (PRMB) had $10.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Primo Brands Corporation's capital expenditures?
Primo Brands Corporation (PRMB) invested $377.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Primo Brands Corporation's current ratio?
Primo Brands Corporation (PRMB) had a current ratio of 0.95 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Primo Brands Corporation's debt-to-equity ratio?
Primo Brands Corporation (PRMB) had a debt-to-equity ratio of 1.70 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Primo Brands Corporation's return on assets (ROA)?
Primo Brands Corporation (PRMB) had a return on assets of 0.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Primo Brands Corporation's P/E ratio?
Primo Brands Corporation (PRMB) trades at 70.4x earnings, its market capitalization divided by net income of $100.3M net income, trailing 12 months to June 30, 2026. The market capitalization is $7.1B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Primo Brands Corporation's price-to-sales ratio?
Primo Brands Corporation (PRMB) trades at 1.0x sales, its market capitalization divided by revenue of $6.7B revenue, trailing 12 months to June 30, 2026. The market capitalization is $7.1B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Primo Brands Corporation's Altman Z-Score?
Primo Brands Corporation (PRMB) has an Altman Z-Score of 1.05, placing it in the Distress Zone (elevated 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 Primo Brands Corporation's Piotroski F-Score?
Primo Brands Corporation (PRMB) has a Piotroski F-Score of 6 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Primo Brands Corporation's earnings high quality?
Primo Brands Corporation (PRMB) has an earnings quality ratio of 11.32x, 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 Primo Brands Corporation cover its interest payments?
Primo Brands Corporation (PRMB) has an interest coverage ratio of 1.32x, meaning it can struggle to 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 Primo Brands Corporation?
Primo Brands Corporation (PRMB) scores 44 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.