Primo Brands Corporation (PRMB) 10-Year Financial Performance & Capital Metrics

PRMB •

Consumer DefensiveNon-Alcoholic BeveragesBottlers and Beverage Distribution

AboutPrimo Water Corporation provides water direct to consumers and water filtration services in North America and Europe. It offers bottled water, purified bottled water, premium spring, sparkling and flavored water, mineral water, filtration equipment, and coffee; as well as water dispensers, and self-service refill drinking water. The company offers its products under the Primo, Alhambra, Crystal Rock, Mountain Valley, Deep Rock, Hinckley Springs, Crystal Springs, Kentwood Springs, Mount Olympus, Pureflo, Nursery, Sierra Springs, Sparkletts, Clear Mountain Natural Spring Water, Earth2O, Renü, Water Event Pure Water Solutions, Canadian Springs, Labrador Source, Decantae, Eden, Eden Springs, Chateaud'eau, and Mey Eden brands. It provides its services to residential customers, small and medium-sized businesses, and regional and national corporations and retailers. The company was formerly known as Cott Corporation and changed its name to Primo Water Corporation in March 2020. Primo Water Corporation was incorporated in 1955 and is headquartered in Tampa, Florida.Show more

Revenue $6.66B +29.3%
EBITDA $430M -52.1%
Net Income $60M +466.5%
EPS (Diluted) 0.21 +410.2%
Gross Margin 30.32% -3.7%
EBITDA Margin 6.46% -62.9%
Operating Margin 6.46% -41.0%
Net Margin 0.9% +383.3%
ROE 1.87% +296.2%
ROIC 5.49% -18.9%
Debt/Equity 0.21 -87.0%
Interest Coverage 1.32 -20.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 27.8%

✗Weaknesses

✗Shares diluted 54.7% in last year
✗Thin 5Y average net margin of 0.8%
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.51%

5Y27.82%

3Y57.89%

TTM52.89%

Profit (Net Income) CAGR

10Y37.43%

5Y-

3Y26.63%

TTM253.71%

EPS CAGR

10Y-

5Y-

3Y5.27%

TTM-10.97%

ROCE

10Y Avg4.81%

5Y Avg6.53%

3Y Avg8%

Latest4.51%

Peer Comparison

Bottlers and Beverage Distribution

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PRMBPrimo Brands Corporation	8.41B	22.68	108	29.34%	0.9%	2.01%	3.6%	0.21
COKECoca-Cola Consolidated, Inc.	11.45B	202.40	29.72	4.76%	8.66%	37.43%	5.41%
CCEPCoca-Cola Europacific Partners PLC	49.53B	110.43	22.89	-1.77%	8.13%	40.39%	4.64%	1.35
KOFCoca-Cola FEMSA, S.A.B. de C.V.	23.35B	111.15	16.87	4.27%	8.15%	15.48%		0.54
AKO-AEmbotelladora Andina S.A.	1.92B	24.30	14.38	23.14%	8.09%	23.29%	3.93%	1.10

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	1.62B	2.27B	2.37B	1.8B	1.95B	2.07B	1.69B	4.7B	5.15B	6.66B
Revenue Growth %	-44.86%	39.83%	4.55%	-24.34%	8.81%	6.13%	-18.33%	177.5%	9.66%	29.34%
Cost of Goods Sold+	779.5M	1.14B	1.19B	726.2M	839.7M	915.9M	674M	3.35B	3.53B	4.64B
COGS % of Revenue	48.02%	50.37%	50.2%	40.45%	42.98%	44.18%	39.81%	71.23%	68.53%	69.68%
Gross Profit+	843.7M	1.13B	1.18B	1.07B	1.11B	1.16B	1.02B	1.35B	1.62B	2.02B
Gross Margin %	51.98%	49.63%	49.8%	59.55%	57.02%	55.82%	60.19%	28.77%	31.47%	30.32%
Gross Profit Growth %	-5.94%	33.51%	4.92%	-9.53%	4.17%	3.91%	-11.94%	32.65%	19.94%	24.58%
Operating Expenses+	806.2M	1.04B	1.09B	962.2M	985.8M	1.03B	883.8M	929.1M	1.06B	1.39B
OpEx % of Revenue	49.67%	45.96%	46.02%	53.59%	50.46%	49.77%	52.2%	19.77%	20.52%	20.86%
Selling, General & Admin	806.2M	1.04B	1.09B	962.2M	985.8M	1.03B	883.8M	924.2M	1.05B	1.39B
SG&A % of Revenue	49.67%	45.96%	46.02%	53.59%	50.46%	49.77%	52.2%	19.67%	20.39%	20.86%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	2.4M	0	0	0	0	0	0	4.9M	6.6M	0
Operating Income+	37.5M	83.2M	89.7M	107M	128M	125.5M	135.4M	422.9M	564.4M	430.4M
Operating Margin %	2.31%	3.67%	3.78%	5.96%	6.55%	6.05%	8%	9%	10.95%	6.46%
Operating Income Growth %	-70.79%	121.87%	7.81%	19.29%	19.63%	-1.95%	7.89%	212.33%	33.46%	-23.74%
EBITDA+	188.6M	271.8M	284.3M	275.6M	330.1M	344.6M	317.4M	728.6M	897.7M	430.4M
EBITDA Margin %	11.62%	11.98%	11.98%	15.35%	16.9%	16.62%	18.75%	15.51%	17.42%	6.46%
EBITDA Growth %	-46.45%	44.11%	4.6%	-3.06%	19.78%	4.39%	-7.89%	129.55%	23.21%	-52.06%
D&A (Non-Cash Add-back)	151.1M	188.6M	194.6M	168.6M	202.1M	219.1M	182M	305.7M	333.3M	0
EBIT	3.9M	51.9M	101.7M	71.3M	-70.9M	75.1M	146M	406M	360.3M	0
Net Interest Income+	-43M	-85.5M	-77.6M	-77.6M	-81.6M	-68.8M	-67.8M	-288.1M	-339.6M	0
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	43M	85.5M	77.6M	77.6M	81.6M	68.8M	67.8M	288.1M	339.6M	326.5M
Other Income/Expense	-76.6M	-116.8M	-65.6M	-113.3M	-280.5M	-119.2M	-57.2M	-305M	-543.7M	-285.4M
Pretax Income+	-39.1M	-33.6M	24.1M	-6.3M	-152.5M	6.3M	78.2M	117.9M	20.7M	145M
Pretax Margin %	-2.41%	-1.48%	1.02%	-0.35%	-7.81%	0.3%	4.62%	2.51%	0.4%	2.18%
Income Tax+	21.2M	-30M	-4.8M	4.5M	4.3M	9.5M	19.5M	25.1M	33.3M	64.6M
Effective Tax Rate %	198.98%	4.17%	-186.72%	-46.03%	121.57%	-50.79%	37.85%	78.71%	-79.23%	41.45%
Net Income+	-77.8M	-1.4M	-45M	2.9M	-185.4M	-3.2M	29.6M	92.8M	-16.4M	60.1M
Net Margin %	-4.79%	-0.06%	-1.9%	0.16%	-9.49%	-0.15%	1.75%	1.98%	-0.32%	0.9%
Net Income Growth %	-3212%	98.2%	-3114.29%	106.44%	-6493.1%	98.27%	1025%	213.51%	-117.67%	466.46%
Net Income (Continuing)	-60.3M	-3.6M	28.9M	-10.8M	-156.8M	-3.2M	58.7M	92.8M	-12.6M	60.1M
Discontinued Operations	-17.5M	2.2M	-73.9M	13.7M	-28.6M	0	-29.1M	0	-3.8M	0
Minority Interest	5.3M	6.1M	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.61	-0.01	-0.32	0.02	-1.19	-0.02	0.18	0.40	-0.07	0.21
EPS Growth %	-1737.58%	98.33%	-3102.97%	106.62%	-5673.36%	98.33%	1004.52%	121%	-117.02%	410.19%
EPS (Basic)	-0.61	-0.01	-0.32	0.02	-1.19	-0.02	0.18	0.40	-0.07	0.21
Diluted Shares Outstanding	128.29M	139.08M	139.1M	135.22M	155.45M	160.78M	161.88M	160.62M	242.31M	374.87M
Basic Shares Outstanding	128.29M	139.08M	139.1M	135.22M	155.45M	160.78M	160.76M	159.45M	242.31M	373.51M
Dividend Payout Ratio	-	-	-	1120.69%	-	-	153.38%	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	853.2M	933.9M	635.9M	642.3M	442.5M	509.8M	538M	698M	1.53B	1.22B
Cash & Short-Term Investments	78.1M	91.9M	170.8M	156.9M	115.1M	128.4M	78.8M	47M	614.4M	376.9M
Cash Only	78.1M	91.9M	170.8M	156.9M	115.1M	128.4M	78.8M	47M	614.4M	376.9M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	276.7M	285M	308.3M	216.7M	222.3M	261.6M	170.7M	397.5M	444M	431.8M
Days Sales Outstanding	62.22	45.83	47.42	44.05	41.54	46.05	36.8	30.88	31.45	23.65
Inventory	124.6M	127.6M	129.6M	62.9M	83.8M	94.6M	65.3M	180.4M	208.4M	223.5M
Days Inventory Outstanding	58.34	40.74	39.71	31.61	36.43	37.7	35.36	19.67	21.54	17.57
Other Current Assets	373.8M	429.4M	27.2M	205.8M	21.3M	25.2M	223.2M	73.1M	262.2M	185.6M
Total Non-Current Assets+	3.09B	3.16B	2.54B	2.75B	3.16B	3.21B	3.13B	4.46B	9.67B	9.38B
Property, Plant & Equipment	581.8M	584.2M	624.7M	743.8M	866.2M	895.5M	692.7M	2.16B	2.71B	2.72B
Fixed Asset Turnover	2.79x	3.89x	3.80x	2.41x	2.26x	2.32x	2.44x	2.17x	1.90x	2.45x
Goodwill	1.05B	1.1B	1.14B	1.05B	1.28B	1.32B	997.2M	817.4M	3.57B	3.58B
Intangible Assets	759M	751.1M	739.2M	597M	987.6M	969.8M	723.8M	1.42B	3.19B	2.99B
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	697.4M	716.9M	31.7M	360.3M	24.1M	26.9M	715.3M	57M	189M	85.6M
Total Assets+	3.94B	4.09B	3.18B	3.39B	3.6B	3.72B	3.67B	5.15B	11.19B	10.6B
Asset Turnover	0.41x	0.55x	0.75x	0.53x	0.54x	0.56x	0.46x	0.91x	0.46x	0.63x
Asset Growth %	36.45%	3.89%	-22.42%	6.78%	6.31%	3.29%	-1.51%	40.55%	117.21%	-5.29%
Total Current Liabilities+	810.1M	933.4M	561M	607.6M	548.8M	709.8M	690.6M	782.8M	1.41B	1.28B
Accounts Payable	185.9M	197.2M	206.1M	126.5M	135.2M	181.4M	108M	356.5M	471.6M	0
Days Payables Outstanding	87.05	62.96	63.16	63.58	58.77	72.29	58.49	38.88	48.75	-
Short-Term Debt	212.2M	225.4M	92M	135.8M	161.1M	272.1M	243.3M	105.7M	160M	166.2M
Deferred Revenue (Current)	0	0	0	0	0	0	52.3M	37.8M	90M	0
Other Current Liabilities	364.6M	450.3M	194.5M	291.4M	187.1M	196.1M	229.6M	125.9M	477.1M	1.12B
Current Ratio	1.05x	1.00x	1.13x	1.06x	0.81x	0.72x	0.78x	0.89x	1.08x	0.95x
Quick Ratio	0.90x	0.86x	0.90x	0.95x	0.65x	0.58x	0.68x	0.66x	0.94x	0.78x
Cash Conversion Cycle	33.52	23.61	23.98	12.09	19.19	11.46	13.67	11.67	4.24	-
Total Non-Current Liabilities+	2.26B	2.27B	1.44B	1.62B	1.71B	1.69B	1.69B	4.37B	6.34B	6.33B
Long-Term Debt	1.98B	2.06B	1.25B	1.24B	1.29B	1.25B	1.21B	3.44B	4.89B	474.4M
Capital Lease Obligations	2.9M	4.1M	3.1M	178.8M	206.3M	224.5M	165M	506.4M	628.4M	0
Deferred Tax Liabilities	155M	98.4M	124.3M	90.6M	148.1M	158.8M	142.5M	397M	738.7M	691.5M
Other Non-Current Liabilities	114M	114M	69.6M	112.2M	67.8M	64.9M	171.1M	22.4M	80.9M	5.16B
Total Liabilities	3.07B	3.21B	2.01B	2.22B	2.26B	2.4B	2.38B	5.15B	7.75B	7.61B
Total Debt+	2.2B	2.29B	1.34B	1.55B	1.65B	1.74B	1.62B	4.05B	5.68B	640.6M
Net Debt	2.12B	2.2B	1.17B	1.39B	1.54B	1.61B	1.54B	4.01B	5.06B	263.7M
Debt / Equity	2.52x	2.58x	1.15x	1.33x	1.23x	1.32x	1.27x	1501.70x	1.65x	0.21x
Debt / EBITDA	11.66x	8.41x	4.72x	5.62x	5.01x	5.05x	5.11x	5.56x	6.33x	1.49x
Net Debt / EBITDA	11.25x	8.08x	4.12x	5.06x	4.66x	4.68x	4.87x	5.50x	5.64x	0.61x
Interest Coverage	0.87x	0.97x	1.16x	1.38x	1.57x	1.82x	2.00x	1.47x	1.66x	1.32x
Total Equity+	873.8M	885.7M	1.17B	1.17B	1.35B	1.32B	1.28B	2.7M	3.44B	2.99B
Equity Growth %	35.28%	1.36%	32.14%	-0.36%	15.49%	-1.99%	-2.82%	-99.79%	127462.96%	-13.11%
Book Value per Share	6.81	6.37	8.41	8.62	8.66	8.21	7.92	0.02	14.21	7.98
Total Shareholders' Equity	868.5M	879.6M	1.17B	1.17B	1.35B	1.32B	1.28B	2.7M	3.44B	2.99B
Common Stock	909.3M	917.1M	899.4M	892.3M	1.27B	1.29B	1.28B	0	3.8M	3.7M
Retained Earnings	22.9M	-12.2M	298.8M	265M	81.1M	16.4M	-9.4M	-1.01B	-1.51B	-2.01B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-117.9M	-94.4M	-101.7M	-68.5M	-86.7M	-69.1M	-82.2M	-7.5M	-17.2M	-13.9M
Minority Interest	5.3M	6.1M	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	145.5M	176M	244.3M	246.8M	176.2M	247.1M	281.6M	320.9M	467.2M	680.3M
Operating CF Margin %	8.96%	7.75%	10.3%	13.75%	9.02%	11.92%	16.63%	6.83%	9.07%	10.21%
Operating CF Growth %	-42.85%	20.96%	38.81%	1.02%	-28.61%	40.24%	13.96%	13.96%	45.59%	45.61%
Net Income	-60.3M	-3.6M	28.9M	-10.8M	-156.8M	-3.2M	58.7M	92.8M	-12.6M	60.1M
Depreciation & Amortization	151.1M	188.6M	194.6M	168.6M	202.1M	219.1M	182M	305.7M	333.3M	610.2M
Stock-Based Compensation	0	0	0	0	22.1M	0	0	1.3M	0	49.9M
Deferred Taxes	19.9M	-33.9M	-6.7M	-1.1M	200K	4M	17.3M	-40.5M	-78.1M	-46.2M
Other Non-Cash Items	27.6M	24.6M	14.1M	68M	129.8M	48.8M	48.8M	69.4M	98.1M	6.3M
Working Capital Changes	7.2M	300K	13.4M	22.1M	-21.2M	-21.6M	-25.2M	-107.8M	126.5M	0
Change in Receivables	-3.1M	-8M	-10.8M	13.9M	14.2M	-32.6M	-2.6M	51.3M	83.6M	-30.9M
Change in Inventory	12.9M	-2M	-500K	-5.4M	1M	-10.9M	-9.4M	23.1M	-100K	14.6M
Change in Payables	3.3M	7.3M	29.2M	7.7M	-35.2M	26.2M	-5.1M	-184M	76.5M	0
Cash from Investing+	-903.7M	-739M	75.5M	-147.8M	-178M	-242.7M	-181.5M	-217.6M	474.4M	-377.4M
Capital Expenditures	-99.3M	-126.9M	-144M	-110.1M	-123.3M	-161.7M	-168.8M	-217.7M	-190.9M	-377.4M
CapEx % of Revenue	6.12%	5.59%	6.07%	6.13%	6.31%	7.8%	9.97%	4.63%	3.71%	5.66%
Acquisitions	-953.7M	-27.7M	-147.1M	-1.9M	-444.3M	-81.5M	42.7M	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	149.3M	-584.4M	358.7M	-35.8M	389.6M	500K	-55.4M	3.1M	675.3M	0
Cash from Financing+	807.1M	596.5M	-296.6M	-66M	-91.1M	10.8M	-102.8M	-162.3M	-366.4M	0
Debt Issued (Net)	488.1M	629.7M	-194.8M	5.9M	-25.2M	71.7M	-26.1M	67.9M	261.5M	0
Equity Issued (Net)	1000K	-300K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	0
Dividends Paid	-31.4M	-33.4M	-33.4M	-32.5M	-39.6M	-38.9M	-45.4M	-49.9M	-615.8M	0
Share Repurchases	-5.7M	-3.8M	-74.9M	-31.8M	-33.2M	-48.1M	-27.7M	-183.6M	-10.4M	0
Other Financing	-10.7M	500K	100K	-8.8M	4.6M	600K	-6.1M	0	-3.6M	0
Net Change in Cash	1M	13.8M	78.9M	-13.9M	-41.8M	13.3M	-49.6M	-31.8M	567.4M	0
Free Cash Flow+	50.4M	54.7M	113.5M	145.5M	62.2M	95.1M	119.5M	117.3M	317M	302.9M
FCF Margin %	3.1%	2.41%	4.78%	8.1%	3.18%	4.59%	7.06%	2.5%	6.15%	4.55%
FCF Growth %	-64.95%	8.53%	107.5%	28.19%	-57.25%	52.89%	25.66%	-1.84%	170.25%	-4.45%
FCF per Share	0.39	0.39	0.82	1.08	0.40	0.59	0.74	0.73	1.31	0.81
FCF Conversion (FCF/Net Income)	-1.87x	-125.71x	-5.43x	85.10x	-0.95x	-77.22x	9.51x	3.46x	-28.49x	11.32x
Interest Paid	0	0	0	0	87.2M	111.27M	198.2M	274.3M	320.2M	0
Taxes Paid	0	0	0	0	8.1M	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-10.24%	-0.16%	-4.38%	0.25%	-14.75%	-0.24%	2.27%	14.44%	-0.95%	1.87%
Return on Invested Capital (ROIC)	1.08%	2.05%	2.48%	3.27%	3.53%	3.23%	3.53%	9.28%	6.76%	5.49%
Gross Margin	51.98%	49.63%	49.8%	59.55%	57.02%	55.82%	60.19%	28.77%	31.47%	30.32%
Net Margin	-4.79%	-0.06%	-1.9%	0.16%	-9.49%	-0.15%	1.75%	1.98%	-0.32%	0.9%
Debt / Equity	2.52x	2.58x	1.15x	1.33x	1.23x	1.32x	1.27x	1501.70x	1.65x	0.21x
Interest Coverage	0.87x	0.97x	1.16x	1.38x	1.57x	1.82x	2.00x	1.47x	1.66x	1.32x
FCF Conversion	-1.87x	-125.71x	-5.43x	85.10x	-0.95x	-77.22x	9.51x	3.46x	-28.49x	11.32x
Revenue Growth	-44.86%	39.83%	4.55%	-24.34%	8.81%	6.13%	-18.33%	177.5%	9.66%	29.34%

US Stock Screener

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Primo Brands Corporation (PRMB) 10-Year Financial Performance & Capital Metrics

PRMB •

Consumer DefensiveNon-Alcoholic BeveragesBottlers and Beverage Distribution

Revenue $6.66B +29.3%
EBITDA $430M -52.1%
Net Income $60M +466.5%
EPS (Diluted) 0.21 +410.2%
Gross Margin 30.32% -3.7%
EBITDA Margin 6.46% -62.9%
Operating Margin 6.46% -41.0%
Net Margin 0.9% +383.3%
ROE 1.87% +296.2%
ROIC 5.49% -18.9%
Debt/Equity 0.21 -87.0%
Interest Coverage 1.32 -20.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 27.8%

✗Weaknesses

✗Shares diluted 54.7% in last year
✗Thin 5Y average net margin of 0.8%
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y8.51%

5Y27.82%

3Y57.89%

TTM52.89%

Profit (Net Income) CAGR

10Y37.43%

5Y-

3Y26.63%

TTM253.71%

EPS CAGR

10Y-

5Y-

3Y5.27%

TTM-10.97%

ROCE

10Y Avg4.81%

5Y Avg6.53%

3Y Avg8%

Latest4.51%

Peer Comparison

Bottlers and Beverage Distribution

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PRMBPrimo Brands Corporation	8.41B	22.68	108	29.34%	0.9%	2.01%	3.6%	0.21
COKECoca-Cola Consolidated, Inc.	11.45B	202.40	29.72	4.76%	8.66%	37.43%	5.41%
CCEPCoca-Cola Europacific Partners PLC	49.53B	110.43	22.89	-1.77%	8.13%	40.39%	4.64%	1.35
KOFCoca-Cola FEMSA, S.A.B. de C.V.	23.35B	111.15	16.87	4.27%	8.15%	15.48%		0.54
AKO-AEmbotelladora Andina S.A.	1.92B	24.30	14.38	23.14%	8.09%	23.29%	3.93%	1.10

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	1.62B	2.27B	2.37B	1.8B	1.95B	2.07B	1.69B	4.7B	5.15B	6.66B
Revenue Growth %	-44.86%	39.83%	4.55%	-24.34%	8.81%	6.13%	-18.33%	177.5%	9.66%	29.34%
Cost of Goods Sold+	779.5M	1.14B	1.19B	726.2M	839.7M	915.9M	674M	3.35B	3.53B	4.64B
COGS % of Revenue	48.02%	50.37%	50.2%	40.45%	42.98%	44.18%	39.81%	71.23%	68.53%	69.68%
Gross Profit+	843.7M	1.13B	1.18B	1.07B	1.11B	1.16B	1.02B	1.35B	1.62B	2.02B
Gross Margin %	51.98%	49.63%	49.8%	59.55%	57.02%	55.82%	60.19%	28.77%	31.47%	30.32%
Gross Profit Growth %	-5.94%	33.51%	4.92%	-9.53%	4.17%	3.91%	-11.94%	32.65%	19.94%	24.58%
Operating Expenses+	806.2M	1.04B	1.09B	962.2M	985.8M	1.03B	883.8M	929.1M	1.06B	1.39B
OpEx % of Revenue	49.67%	45.96%	46.02%	53.59%	50.46%	49.77%	52.2%	19.77%	20.52%	20.86%
Selling, General & Admin	806.2M	1.04B	1.09B	962.2M	985.8M	1.03B	883.8M	924.2M	1.05B	1.39B
SG&A % of Revenue	49.67%	45.96%	46.02%	53.59%	50.46%	49.77%	52.2%	19.67%	20.39%	20.86%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	2.4M	0	0	0	0	0	0	4.9M	6.6M	0
Operating Income+	37.5M	83.2M	89.7M	107M	128M	125.5M	135.4M	422.9M	564.4M	430.4M
Operating Margin %	2.31%	3.67%	3.78%	5.96%	6.55%	6.05%	8%	9%	10.95%	6.46%
Operating Income Growth %	-70.79%	121.87%	7.81%	19.29%	19.63%	-1.95%	7.89%	212.33%	33.46%	-23.74%
EBITDA+	188.6M	271.8M	284.3M	275.6M	330.1M	344.6M	317.4M	728.6M	897.7M	430.4M
EBITDA Margin %	11.62%	11.98%	11.98%	15.35%	16.9%	16.62%	18.75%	15.51%	17.42%	6.46%
EBITDA Growth %	-46.45%	44.11%	4.6%	-3.06%	19.78%	4.39%	-7.89%	129.55%	23.21%	-52.06%
D&A (Non-Cash Add-back)	151.1M	188.6M	194.6M	168.6M	202.1M	219.1M	182M	305.7M	333.3M	0
EBIT	3.9M	51.9M	101.7M	71.3M	-70.9M	75.1M	146M	406M	360.3M	0
Net Interest Income+	-43M	-85.5M	-77.6M	-77.6M	-81.6M	-68.8M	-67.8M	-288.1M	-339.6M	0
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	43M	85.5M	77.6M	77.6M	81.6M	68.8M	67.8M	288.1M	339.6M	326.5M
Other Income/Expense	-76.6M	-116.8M	-65.6M	-113.3M	-280.5M	-119.2M	-57.2M	-305M	-543.7M	-285.4M
Pretax Income+	-39.1M	-33.6M	24.1M	-6.3M	-152.5M	6.3M	78.2M	117.9M	20.7M	145M
Pretax Margin %	-2.41%	-1.48%	1.02%	-0.35%	-7.81%	0.3%	4.62%	2.51%	0.4%	2.18%
Income Tax+	21.2M	-30M	-4.8M	4.5M	4.3M	9.5M	19.5M	25.1M	33.3M	64.6M
Effective Tax Rate %	198.98%	4.17%	-186.72%	-46.03%	121.57%	-50.79%	37.85%	78.71%	-79.23%	41.45%
Net Income+	-77.8M	-1.4M	-45M	2.9M	-185.4M	-3.2M	29.6M	92.8M	-16.4M	60.1M
Net Margin %	-4.79%	-0.06%	-1.9%	0.16%	-9.49%	-0.15%	1.75%	1.98%	-0.32%	0.9%
Net Income Growth %	-3212%	98.2%	-3114.29%	106.44%	-6493.1%	98.27%	1025%	213.51%	-117.67%	466.46%
Net Income (Continuing)	-60.3M	-3.6M	28.9M	-10.8M	-156.8M	-3.2M	58.7M	92.8M	-12.6M	60.1M
Discontinued Operations	-17.5M	2.2M	-73.9M	13.7M	-28.6M	0	-29.1M	0	-3.8M	0
Minority Interest	5.3M	6.1M	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.61	-0.01	-0.32	0.02	-1.19	-0.02	0.18	0.40	-0.07	0.21
EPS Growth %	-1737.58%	98.33%	-3102.97%	106.62%	-5673.36%	98.33%	1004.52%	121%	-117.02%	410.19%
EPS (Basic)	-0.61	-0.01	-0.32	0.02	-1.19	-0.02	0.18	0.40	-0.07	0.21
Diluted Shares Outstanding	128.29M	139.08M	139.1M	135.22M	155.45M	160.78M	161.88M	160.62M	242.31M	374.87M
Basic Shares Outstanding	128.29M	139.08M	139.1M	135.22M	155.45M	160.78M	160.76M	159.45M	242.31M	373.51M
Dividend Payout Ratio	-	-	-	1120.69%	-	-	153.38%	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	853.2M	933.9M	635.9M	642.3M	442.5M	509.8M	538M	698M	1.53B	1.22B
Cash & Short-Term Investments	78.1M	91.9M	170.8M	156.9M	115.1M	128.4M	78.8M	47M	614.4M	376.9M
Cash Only	78.1M	91.9M	170.8M	156.9M	115.1M	128.4M	78.8M	47M	614.4M	376.9M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	276.7M	285M	308.3M	216.7M	222.3M	261.6M	170.7M	397.5M	444M	431.8M
Days Sales Outstanding	62.22	45.83	47.42	44.05	41.54	46.05	36.8	30.88	31.45	23.65
Inventory	124.6M	127.6M	129.6M	62.9M	83.8M	94.6M	65.3M	180.4M	208.4M	223.5M
Days Inventory Outstanding	58.34	40.74	39.71	31.61	36.43	37.7	35.36	19.67	21.54	17.57
Other Current Assets	373.8M	429.4M	27.2M	205.8M	21.3M	25.2M	223.2M	73.1M	262.2M	185.6M
Total Non-Current Assets+	3.09B	3.16B	2.54B	2.75B	3.16B	3.21B	3.13B	4.46B	9.67B	9.38B
Property, Plant & Equipment	581.8M	584.2M	624.7M	743.8M	866.2M	895.5M	692.7M	2.16B	2.71B	2.72B
Fixed Asset Turnover	2.79x	3.89x	3.80x	2.41x	2.26x	2.32x	2.44x	2.17x	1.90x	2.45x
Goodwill	1.05B	1.1B	1.14B	1.05B	1.28B	1.32B	997.2M	817.4M	3.57B	3.58B
Intangible Assets	759M	751.1M	739.2M	597M	987.6M	969.8M	723.8M	1.42B	3.19B	2.99B
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	697.4M	716.9M	31.7M	360.3M	24.1M	26.9M	715.3M	57M	189M	85.6M
Total Assets+	3.94B	4.09B	3.18B	3.39B	3.6B	3.72B	3.67B	5.15B	11.19B	10.6B
Asset Turnover	0.41x	0.55x	0.75x	0.53x	0.54x	0.56x	0.46x	0.91x	0.46x	0.63x
Asset Growth %	36.45%	3.89%	-22.42%	6.78%	6.31%	3.29%	-1.51%	40.55%	117.21%	-5.29%
Total Current Liabilities+	810.1M	933.4M	561M	607.6M	548.8M	709.8M	690.6M	782.8M	1.41B	1.28B
Accounts Payable	185.9M	197.2M	206.1M	126.5M	135.2M	181.4M	108M	356.5M	471.6M	0
Days Payables Outstanding	87.05	62.96	63.16	63.58	58.77	72.29	58.49	38.88	48.75	-
Short-Term Debt	212.2M	225.4M	92M	135.8M	161.1M	272.1M	243.3M	105.7M	160M	166.2M
Deferred Revenue (Current)	0	0	0	0	0	0	52.3M	37.8M	90M	0
Other Current Liabilities	364.6M	450.3M	194.5M	291.4M	187.1M	196.1M	229.6M	125.9M	477.1M	1.12B
Current Ratio	1.05x	1.00x	1.13x	1.06x	0.81x	0.72x	0.78x	0.89x	1.08x	0.95x
Quick Ratio	0.90x	0.86x	0.90x	0.95x	0.65x	0.58x	0.68x	0.66x	0.94x	0.78x
Cash Conversion Cycle	33.52	23.61	23.98	12.09	19.19	11.46	13.67	11.67	4.24	-
Total Non-Current Liabilities+	2.26B	2.27B	1.44B	1.62B	1.71B	1.69B	1.69B	4.37B	6.34B	6.33B
Long-Term Debt	1.98B	2.06B	1.25B	1.24B	1.29B	1.25B	1.21B	3.44B	4.89B	474.4M
Capital Lease Obligations	2.9M	4.1M	3.1M	178.8M	206.3M	224.5M	165M	506.4M	628.4M	0
Deferred Tax Liabilities	155M	98.4M	124.3M	90.6M	148.1M	158.8M	142.5M	397M	738.7M	691.5M
Other Non-Current Liabilities	114M	114M	69.6M	112.2M	67.8M	64.9M	171.1M	22.4M	80.9M	5.16B
Total Liabilities	3.07B	3.21B	2.01B	2.22B	2.26B	2.4B	2.38B	5.15B	7.75B	7.61B
Total Debt+	2.2B	2.29B	1.34B	1.55B	1.65B	1.74B	1.62B	4.05B	5.68B	640.6M
Net Debt	2.12B	2.2B	1.17B	1.39B	1.54B	1.61B	1.54B	4.01B	5.06B	263.7M
Debt / Equity	2.52x	2.58x	1.15x	1.33x	1.23x	1.32x	1.27x	1501.70x	1.65x	0.21x
Debt / EBITDA	11.66x	8.41x	4.72x	5.62x	5.01x	5.05x	5.11x	5.56x	6.33x	1.49x
Net Debt / EBITDA	11.25x	8.08x	4.12x	5.06x	4.66x	4.68x	4.87x	5.50x	5.64x	0.61x
Interest Coverage	0.87x	0.97x	1.16x	1.38x	1.57x	1.82x	2.00x	1.47x	1.66x	1.32x
Total Equity+	873.8M	885.7M	1.17B	1.17B	1.35B	1.32B	1.28B	2.7M	3.44B	2.99B
Equity Growth %	35.28%	1.36%	32.14%	-0.36%	15.49%	-1.99%	-2.82%	-99.79%	127462.96%	-13.11%
Book Value per Share	6.81	6.37	8.41	8.62	8.66	8.21	7.92	0.02	14.21	7.98
Total Shareholders' Equity	868.5M	879.6M	1.17B	1.17B	1.35B	1.32B	1.28B	2.7M	3.44B	2.99B
Common Stock	909.3M	917.1M	899.4M	892.3M	1.27B	1.29B	1.28B	0	3.8M	3.7M
Retained Earnings	22.9M	-12.2M	298.8M	265M	81.1M	16.4M	-9.4M	-1.01B	-1.51B	-2.01B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-117.9M	-94.4M	-101.7M	-68.5M	-86.7M	-69.1M	-82.2M	-7.5M	-17.2M	-13.9M
Minority Interest	5.3M	6.1M	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	145.5M	176M	244.3M	246.8M	176.2M	247.1M	281.6M	320.9M	467.2M	680.3M
Operating CF Margin %	8.96%	7.75%	10.3%	13.75%	9.02%	11.92%	16.63%	6.83%	9.07%	10.21%
Operating CF Growth %	-42.85%	20.96%	38.81%	1.02%	-28.61%	40.24%	13.96%	13.96%	45.59%	45.61%
Net Income	-60.3M	-3.6M	28.9M	-10.8M	-156.8M	-3.2M	58.7M	92.8M	-12.6M	60.1M
Depreciation & Amortization	151.1M	188.6M	194.6M	168.6M	202.1M	219.1M	182M	305.7M	333.3M	610.2M
Stock-Based Compensation	0	0	0	0	22.1M	0	0	1.3M	0	49.9M
Deferred Taxes	19.9M	-33.9M	-6.7M	-1.1M	200K	4M	17.3M	-40.5M	-78.1M	-46.2M
Other Non-Cash Items	27.6M	24.6M	14.1M	68M	129.8M	48.8M	48.8M	69.4M	98.1M	6.3M
Working Capital Changes	7.2M	300K	13.4M	22.1M	-21.2M	-21.6M	-25.2M	-107.8M	126.5M	0
Change in Receivables	-3.1M	-8M	-10.8M	13.9M	14.2M	-32.6M	-2.6M	51.3M	83.6M	-30.9M
Change in Inventory	12.9M	-2M	-500K	-5.4M	1M	-10.9M	-9.4M	23.1M	-100K	14.6M
Change in Payables	3.3M	7.3M	29.2M	7.7M	-35.2M	26.2M	-5.1M	-184M	76.5M	0
Cash from Investing+	-903.7M	-739M	75.5M	-147.8M	-178M	-242.7M	-181.5M	-217.6M	474.4M	-377.4M
Capital Expenditures	-99.3M	-126.9M	-144M	-110.1M	-123.3M	-161.7M	-168.8M	-217.7M	-190.9M	-377.4M
CapEx % of Revenue	6.12%	5.59%	6.07%	6.13%	6.31%	7.8%	9.97%	4.63%	3.71%	5.66%
Acquisitions	-953.7M	-27.7M	-147.1M	-1.9M	-444.3M	-81.5M	42.7M	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	149.3M	-584.4M	358.7M	-35.8M	389.6M	500K	-55.4M	3.1M	675.3M	0
Cash from Financing+	807.1M	596.5M	-296.6M	-66M	-91.1M	10.8M	-102.8M	-162.3M	-366.4M	0
Debt Issued (Net)	488.1M	629.7M	-194.8M	5.9M	-25.2M	71.7M	-26.1M	67.9M	261.5M	0
Equity Issued (Net)	1000K	-300K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	0
Dividends Paid	-31.4M	-33.4M	-33.4M	-32.5M	-39.6M	-38.9M	-45.4M	-49.9M	-615.8M	0
Share Repurchases	-5.7M	-3.8M	-74.9M	-31.8M	-33.2M	-48.1M	-27.7M	-183.6M	-10.4M	0
Other Financing	-10.7M	500K	100K	-8.8M	4.6M	600K	-6.1M	0	-3.6M	0
Net Change in Cash	1M	13.8M	78.9M	-13.9M	-41.8M	13.3M	-49.6M	-31.8M	567.4M	0
Free Cash Flow+	50.4M	54.7M	113.5M	145.5M	62.2M	95.1M	119.5M	117.3M	317M	302.9M
FCF Margin %	3.1%	2.41%	4.78%	8.1%	3.18%	4.59%	7.06%	2.5%	6.15%	4.55%
FCF Growth %	-64.95%	8.53%	107.5%	28.19%	-57.25%	52.89%	25.66%	-1.84%	170.25%	-4.45%
FCF per Share	0.39	0.39	0.82	1.08	0.40	0.59	0.74	0.73	1.31	0.81
FCF Conversion (FCF/Net Income)	-1.87x	-125.71x	-5.43x	85.10x	-0.95x	-77.22x	9.51x	3.46x	-28.49x	11.32x
Interest Paid	0	0	0	0	87.2M	111.27M	198.2M	274.3M	320.2M	0
Taxes Paid	0	0	0	0	8.1M	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-10.24%	-0.16%	-4.38%	0.25%	-14.75%	-0.24%	2.27%	14.44%	-0.95%	1.87%
Return on Invested Capital (ROIC)	1.08%	2.05%	2.48%	3.27%	3.53%	3.23%	3.53%	9.28%	6.76%	5.49%
Gross Margin	51.98%	49.63%	49.8%	59.55%	57.02%	55.82%	60.19%	28.77%	31.47%	30.32%
Net Margin	-4.79%	-0.06%	-1.9%	0.16%	-9.49%	-0.15%	1.75%	1.98%	-0.32%	0.9%
Debt / Equity	2.52x	2.58x	1.15x	1.33x	1.23x	1.32x	1.27x	1501.70x	1.65x	0.21x
Interest Coverage	0.87x	0.97x	1.16x	1.38x	1.57x	1.82x	2.00x	1.47x	1.66x	1.32x
FCF Conversion	-1.87x	-125.71x	-5.43x	85.10x	-0.95x	-77.22x	9.51x	3.46x	-28.49x	11.32x
Revenue Growth	-44.86%	39.83%	4.55%	-24.34%	8.81%	6.13%	-18.33%	177.5%	9.66%	29.34%

Primo Brands Corporation (PRMB) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare PRMB vs Peers

vs CCEP

vs KOF

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

Primo Brands Corporation (PRMB) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare PRMB vs Peers

vs CCEP

vs KOF

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios