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

PRMB • • Industrial / General

Consumer DefensiveNon-Alcoholic BeveragesAlternative & Plant-Based BeveragesNatural Hydration & Coconut Water

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 $5.15B +9.7%
EBITDA $898M +23.2%
Net Income -$16M -117.7%
EPS (Diluted) -0.07 -117.0%
Gross Margin 31.47% +9.4%
EBITDA Margin 17.42% +12.4%
Operating Margin 10.95% +21.7%
Net Margin -0.32% -116.1%
ROE -0.95% -106.6%
ROIC 6.76% -27.1%
Debt/Equity 1.65 -99.9%
Interest Coverage 1.66 +13.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 23.5%
✓Trading at only 1.3x book value

✗Weaknesses

✗Weak momentum: RS Rating 19 (bottom 19%)
✗Shares diluted 50.9% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y9.38%

5Y23.47%

3Y35.45%

TTM60.76%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-164.73%

EPS CAGR

10Y-

5Y-

3Y-

TTM-146.73%

ROCE

10Y Avg4.9%

5Y Avg6.51%

3Y Avg8%

Latest7.98%

Peer Comparison

Natural Hydration & Coconut Water

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
COCOThe Vita Coco Company, Inc.	3B	52.71	56.07	4.54%	11.35%	21.36%	1.4%	0.00
PRMBPrimo Brands Corporation	6.78B	18.55	-274.00	9.66%	-1.3%	-2.68%	4.67%	1.65

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.94B	1.62B	2.27B	2.37B	1.8B	1.95B	2.07B	1.69B	4.7B	5.15B
Revenue Growth %	0.4%	-0.45%	0.4%	0.05%	-0.24%	0.09%	0.06%	-0.18%	1.78%	0.1%
Cost of Goods Sold+	2.05B	779.5M	1.14B	1.19B	726.2M	839.7M	915.9M	674M	3.35B	3.53B
COGS % of Revenue	0.7%	0.48%	0.5%	0.5%	0.4%	0.43%	0.44%	0.4%	0.71%	0.69%
Gross Profit+	897M	843.7M	1.13B	1.18B	1.07B	1.11B	1.16B	1.02B	1.35B	1.62B
Gross Margin %	0.3%	0.52%	0.5%	0.5%	0.6%	0.57%	0.56%	0.6%	0.29%	0.31%
Gross Profit Growth %	2.23%	-0.06%	0.34%	0.05%	-0.1%	0.04%	0.04%	-0.12%	0.33%	0.2%
Operating Expenses+	768.6M	806.2M	1.04B	1.09B	962.2M	985.8M	1.03B	883.8M	929.1M	1.06B
OpEx % of Revenue	0.26%	0.5%	0.46%	0.46%	0.54%	0.5%	0.5%	0.52%	0.2%	0.21%
Selling, General & Admin	765.8M	806.2M	1.04B	1.09B	962.2M	985.8M	1.03B	883.8M	924.2M	1.05B
SG&A % of Revenue	0.26%	0.5%	0.46%	0.46%	0.54%	0.5%	0.5%	0.52%	0.2%	0.2%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	2.4M	0	0	0	0	0	0	4.9M	6.6M
Operating Income+	128.4M	37.5M	83.2M	89.7M	107M	128M	125.5M	135.4M	422.9M	564.4M
Operating Margin %	0.04%	0.02%	0.04%	0.04%	0.06%	0.07%	0.06%	0.08%	0.09%	0.11%
Operating Income Growth %	1.1%	-0.71%	1.22%	0.08%	0.19%	0.2%	-0.02%	0.08%	2.12%	0.33%
EBITDA+	352.2M	188.6M	271.8M	284.3M	275.6M	330.1M	344.6M	317.4M	728.6M	897.7M
EBITDA Margin %	0.12%	0.12%	0.12%	0.12%	0.15%	0.17%	0.17%	0.19%	0.16%	0.17%
EBITDA Growth %	1.05%	-0.46%	0.44%	0.05%	-0.03%	0.2%	0.04%	-0.08%	1.3%	0.23%
D&A (Non-Cash Add-back)	223.8M	151.1M	188.6M	194.6M	168.6M	202.1M	219.1M	182M	305.7M	333.3M
EBIT	108.9M	3.9M	51.9M	101.7M	71.3M	-70.9M	75.1M	146M	406M	360.3M
Net Interest Income+	-111M	-43M	-85.5M	-77.6M	-77.6M	-81.6M	-68.8M	-67.8M	-288.1M	-339.6M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	111M	43M	85.5M	77.6M	77.6M	81.6M	68.8M	67.8M	288.1M	339.6M
Other Income/Expense	-130.5M	-76.6M	-116.8M	-65.6M	-113.3M	-280.5M	-119.2M	-57.2M	-305M	-543.7M
Pretax Income+	-2.1M	-39.1M	-33.6M	24.1M	-6.3M	-152.5M	6.3M	78.2M	117.9M	20.7M
Pretax Margin %	-0%	-0.02%	-0.01%	0.01%	-0%	-0.08%	0%	0.05%	0.03%	0%
Income Tax+	-22.7M	21.2M	-30M	-4.8M	4.5M	4.3M	9.5M	19.5M	25.1M	33.3M
Effective Tax Rate %	-1.19%	1.99%	0.04%	-1.87%	-0.46%	1.22%	-0.51%	0.38%	0.79%	-0.79%
Net Income+	2.5M	-77.8M	-1.4M	-45M	2.9M	-185.4M	-3.2M	29.6M	92.8M	-16.4M
Net Margin %	0%	-0.05%	-0%	-0.02%	0%	-0.09%	-0%	0.02%	0.02%	-0%
Net Income Growth %	-0.77%	-32.12%	0.98%	-31.14%	1.06%	-64.93%	0.98%	10.25%	2.14%	-1.18%
Net Income (Continuing)	20.6M	-60.3M	-3.6M	28.9M	-10.8M	-156.8M	-3.2M	58.7M	92.8M	-12.6M
Discontinued Operations	0	-17.5M	2.2M	-73.9M	13.7M	-28.6M	0	-29.1M	0	-3.8M
Minority Interest	6.6M	5.3M	6.1M	0	0	0	0	0	0	0
EPS (Diluted)+	-0.03	-0.61	-0.01	-0.32	0.02	-1.19	-0.02	0.18	0.40	-0.07
EPS Growth %	-1.31%	-17.38%	0.98%	-31.03%	1.07%	-56.73%	0.98%	10.05%	1.21%	-1.17%
EPS (Basic)	-0.03	-0.61	-0.01	-0.32	0.02	-1.19	-0.02	0.18	0.40	-0.07
Diluted Shares Outstanding	103.04M	128.29M	139.08M	139.1M	135.22M	155.45M	160.78M	161.88M	160.62M	242.31M
Basic Shares Outstanding	103.04M	128.29M	139.08M	139.1M	135.22M	155.45M	160.78M	160.76M	159.45M	242.31M
Dividend Payout Ratio	10.04%	-	-	-	11.21%	-	-	1.53%	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	638.6M	853.2M	933.9M	635.9M	642.3M	442.5M	509.8M	538M	698M	1.53B
Cash & Short-Term Investments	77.1M	78.1M	91.9M	170.8M	156.9M	115.1M	128.4M	78.8M	47M	614.4M
Cash Only	77.1M	78.1M	91.9M	170.8M	156.9M	115.1M	128.4M	78.8M	47M	614.4M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	294.9M	276.7M	285M	308.3M	216.7M	222.3M	261.6M	170.7M	397.5M	444M
Days Sales Outstanding	36.56	62.22	45.83	47.42	44.05	41.54	46.05	36.8	30.88	31.45
Inventory	249.4M	124.6M	127.6M	129.6M	62.9M	83.8M	94.6M	65.3M	180.4M	208.4M
Days Inventory Outstanding	44.47	58.34	40.74	39.71	31.61	36.43	37.7	35.36	19.67	21.54
Other Current Assets	17.2M	373.8M	429.4M	27.2M	205.8M	21.3M	25.2M	223.2M	73.1M	262.2M
Total Non-Current Assets+	2.25B	3.09B	3.16B	2.54B	2.75B	3.16B	3.21B	3.13B	4.46B	9.67B
Property, Plant & Equipment	769.8M	581.8M	584.2M	624.7M	743.8M	866.2M	895.5M	692.7M	2.16B	2.71B
Fixed Asset Turnover	3.82x	2.79x	3.89x	3.80x	2.41x	2.26x	2.32x	2.44x	2.17x	1.90x
Goodwill	759.6M	1.05B	1.1B	1.14B	1.05B	1.28B	1.32B	997.2M	817.4M	3.57B
Intangible Assets	684.1M	759M	751.1M	739.2M	597M	987.6M	969.8M	723.8M	1.42B	3.19B
Long-Term Investments	-17.7M	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	27.6M	697.4M	716.9M	31.7M	360.3M	24.1M	26.9M	715.3M	57M	189M
Total Assets+	2.89B	3.94B	4.09B	3.18B	3.39B	3.6B	3.72B	3.67B	5.15B	11.19B
Asset Turnover	1.02x	0.41x	0.55x	0.75x	0.53x	0.54x	0.56x	0.46x	0.91x	0.46x
Asset Growth %	-0.07%	0.36%	0.04%	-0.22%	0.07%	0.06%	0.03%	-0.02%	0.41%	1.17%
Total Current Liabilities+	563M	810.1M	933.4M	561M	607.6M	548.8M	709.8M	690.6M	782.8M	1.41B
Accounts Payable	227.2M	185.9M	197.2M	206.1M	126.5M	135.2M	181.4M	108M	356.5M	471.6M
Days Payables Outstanding	40.51	87.05	62.96	63.16	63.58	58.77	72.29	58.49	38.88	48.75
Short-Term Debt	125.4M	212.2M	225.4M	92M	135.8M	161.1M	272.1M	243.3M	105.7M	160M
Deferred Revenue (Current)	0	0	0	0	0	0	0	1000K	1000K	1000K
Other Current Liabilities	171.9M	364.6M	450.3M	194.5M	291.4M	187.1M	196.1M	229.6M	125.9M	477.1M
Current Ratio	1.13x	1.05x	1.00x	1.13x	1.06x	0.81x	0.72x	0.78x	0.89x	1.08x
Quick Ratio	0.69x	0.90x	0.86x	0.90x	0.95x	0.65x	0.58x	0.68x	0.66x	0.94x
Cash Conversion Cycle	40.52	33.52	23.61	23.98	12.09	19.19	11.46	13.67	11.67	4.24
Total Non-Current Liabilities+	1.68B	2.26B	2.27B	1.44B	1.62B	1.71B	1.69B	1.69B	4.37B	6.34B
Long-Term Debt	1.52B	1.98B	2.06B	1.25B	1.24B	1.29B	1.25B	1.21B	3.44B	4.89B
Capital Lease Obligations	1.7M	2.9M	4.1M	3.1M	178.8M	206.3M	224.5M	165M	506.4M	628.4M
Deferred Tax Liabilities	76.5M	155M	98.4M	124.3M	90.6M	148.1M	158.8M	142.5M	397M	738.7M
Other Non-Current Liabilities	76.5M	114M	114M	69.6M	112.2M	67.8M	64.9M	171.1M	22.4M	80.9M
Total Liabilities	2.24B	3.07B	3.21B	2.01B	2.22B	2.26B	2.4B	2.38B	5.15B	7.75B
Total Debt+	1.65B	2.2B	2.29B	1.34B	1.55B	1.65B	1.74B	1.62B	4.05B	5.68B
Net Debt	1.57B	2.12B	2.2B	1.17B	1.39B	1.54B	1.61B	1.54B	4.01B	5.06B
Debt / Equity	2.56x	2.52x	2.58x	1.15x	1.33x	1.23x	1.32x	1.27x	1501.70x	1.65x
Debt / EBITDA	4.69x	11.66x	8.41x	4.72x	5.62x	5.01x	5.05x	5.11x	5.56x	6.33x
Net Debt / EBITDA	4.47x	11.25x	8.08x	4.12x	5.06x	4.66x	4.68x	4.87x	5.50x	5.64x
Interest Coverage	1.16x	0.87x	0.97x	1.16x	1.38x	1.57x	1.82x	2.00x	1.47x	1.66x
Total Equity+	645.9M	873.8M	885.7M	1.17B	1.17B	1.35B	1.32B	1.28B	2.7M	3.44B
Equity Growth %	-0.07%	0.35%	0.01%	0.32%	-0%	0.15%	-0.02%	-0.03%	-1%	1274.63%
Book Value per Share	6.27	6.81	6.37	8.41	8.62	8.66	8.21	7.92	0.02	14.21
Total Shareholders' Equity	639.3M	868.5M	879.6M	1.17B	1.17B	1.35B	1.32B	1.28B	2.7M	3.44B
Common Stock	534.7M	909.3M	917.1M	899.4M	892.3M	1.27B	1.29B	1.28B	0	3.8M
Retained Earnings	129.6M	22.9M	-12.2M	298.8M	265M	81.1M	16.4M	-9.4M	-1.01B	-1.51B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-76.2M	-117.9M	-94.4M	-101.7M	-68.5M	-86.7M	-69.1M	-82.2M	-7.5M	-17.2M
Minority Interest	6.6M	5.3M	6.1M	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	254.6M	145.5M	176M	244.3M	246.8M	176.2M	247.1M	281.6M	320.9M	467.2M
Operating CF Margin %	0.09%	0.09%	0.08%	0.1%	0.14%	0.09%	0.12%	0.17%	0.07%	0.09%
Operating CF Growth %	3.49%	-0.43%	0.21%	0.39%	0.01%	-0.29%	0.4%	0.14%	0.14%	0.46%
Net Income	2.5M	-60.3M	-3.6M	28.9M	-10.8M	-156.8M	-3.2M	58.7M	92.8M	-12.6M
Depreciation & Amortization	223.8M	151.1M	188.6M	194.6M	168.6M	202.1M	219.1M	182M	305.7M	333.3M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	-30.4M	19.9M	-33.9M	-6.7M	-1.1M	200K	4M	17.3M	-40.5M	-78.1M
Other Non-Cash Items	25.1M	27.6M	24.6M	14.1M	68M	151.9M	48.8M	48.8M	70.7M	98.1M
Working Capital Changes	33.6M	7.2M	300K	13.4M	22.1M	-21.2M	-21.6M	-25.2M	-107.8M	126.5M
Change in Receivables	4.5M	-3.1M	-8M	-10.8M	13.9M	14.2M	-32.6M	-2.6M	51.3M	83.6M
Change in Inventory	6.5M	12.9M	-2M	-500K	-5.4M	1M	-10.9M	-9.4M	23.1M	-100K
Change in Payables	-3.3M	3.3M	7.3M	29.2M	7.7M	-35.2M	26.2M	-5.1M	-184M	76.5M
Cash from Investing+	-99.7M	-903.7M	-739M	75.5M	-147.8M	-178M	-242.7M	-181.5M	-217.6M	474.4M
Capital Expenditures	-115.4M	-99.3M	-126.9M	-144M	-110.1M	-123.3M	-161.7M	-168.8M	-217.7M	-190.9M
CapEx % of Revenue	0.04%	0.06%	0.06%	0.06%	0.06%	0.06%	0.08%	0.1%	0.05%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.2M	149.3M	-584.4M	358.7M	-35.8M	389.6M	500K	-55.4M	3.1M	675.3M
Cash from Financing+	-160.1M	807.1M	596.5M	-296.6M	-66M	-91.1M	10.8M	-102.8M	-162.3M	-366.4M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-31M	-31.4M	-33.4M	-33.4M	-32.5M	-39.6M	-38.9M	-45.4M	-49.9M	-615.8M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-11.6M	-10.7M	500K	100K	-8.8M	4.6M	600K	-6.1M	0	-3.6M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	143.8M	50.4M	54.7M	113.5M	145.5M	62.2M	95.1M	119.5M	117.3M	317M
FCF Margin %	0.05%	0.03%	0.02%	0.05%	0.08%	0.03%	0.05%	0.07%	0.02%	0.06%
FCF Growth %	13.38%	-0.65%	0.09%	1.07%	0.28%	-0.57%	0.53%	0.26%	-0.02%	1.7%
FCF per Share	1.40	0.39	0.39	0.82	1.08	0.40	0.59	0.74	0.73	1.31
FCF Conversion (FCF/Net Income)	101.84x	-1.87x	-125.71x	-5.43x	85.10x	-0.95x	-77.22x	9.51x	3.46x	-28.49x
Interest Paid	0	0	0	0	0	87.2M	111.27M	198.2M	274.3M	320.2M
Taxes Paid	0	0	0	0	0	8.1M	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	0.37%	-10.24%	-0.16%	-4.38%	0.25%	-14.75%	-0.24%	2.27%	14.44%	-0.95%
Return on Invested Capital (ROIC)	4.16%	1.08%	2.05%	2.48%	3.27%	3.53%	3.23%	3.53%	9.28%	6.76%
Gross Margin	30.47%	51.98%	49.63%	49.8%	59.55%	57.02%	55.82%	60.19%	28.77%	31.47%
Net Margin	0.08%	-4.79%	-0.06%	-1.9%	0.16%	-9.49%	-0.15%	1.75%	1.98%	-0.32%
Debt / Equity	2.56x	2.52x	2.58x	1.15x	1.33x	1.23x	1.32x	1.27x	1501.70x	1.65x
Interest Coverage	1.16x	0.87x	0.97x	1.16x	1.38x	1.57x	1.82x	2.00x	1.47x	1.66x
FCF Conversion	101.84x	-1.87x	-125.71x	-5.43x	85.10x	-0.95x	-77.22x	9.51x	3.46x	-28.49x
Revenue Growth	40%	-44.86%	39.83%	4.55%	-24.34%	8.81%	6.13%	-18.33%	177.5%	9.66%

Frequently Asked Questions

Growth & Financials

Primo Brands Corporation (PRMB) reported $6.51B in revenue for fiscal year 2024. This represents a 179% increase from $2.33B in 2011.

Primo Brands Corporation (PRMB) grew revenue by 9.7% over the past year. This is steady growth.

Primo Brands Corporation (PRMB) reported a net loss of $84.6M for fiscal year 2024.

Dividend & Returns

Yes, Primo Brands Corporation (PRMB) pays a dividend with a yield of 13.70%. This makes it attractive for income-focused investors.

Primo Brands Corporation (PRMB) has a return on equity (ROE) of -1.0%. Negative ROE indicates the company is unprofitable.

Primo Brands Corporation (PRMB) generated $408.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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

PRMB • • Industrial / General

Consumer DefensiveNon-Alcoholic BeveragesAlternative & Plant-Based BeveragesNatural Hydration & Coconut Water

Revenue $5.15B +9.7%
EBITDA $898M +23.2%
Net Income -$16M -117.7%
EPS (Diluted) -0.07 -117.0%
Gross Margin 31.47% +9.4%
EBITDA Margin 17.42% +12.4%
Operating Margin 10.95% +21.7%
Net Margin -0.32% -116.1%
ROE -0.95% -106.6%
ROIC 6.76% -27.1%
Debt/Equity 1.65 -99.9%
Interest Coverage 1.66 +13.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 23.5%
✓Trading at only 1.3x book value

✗Weaknesses

✗Weak momentum: RS Rating 19 (bottom 19%)
✗Shares diluted 50.9% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y9.38%

5Y23.47%

3Y35.45%

TTM60.76%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-164.73%

EPS CAGR

10Y-

5Y-

3Y-

TTM-146.73%

ROCE

10Y Avg4.9%

5Y Avg6.51%

3Y Avg8%

Latest7.98%

Peer Comparison

Natural Hydration & Coconut Water

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
COCOThe Vita Coco Company, Inc.	3B	52.71	56.07	4.54%	11.35%	21.36%	1.4%	0.00
PRMBPrimo Brands Corporation	6.78B	18.55	-274.00	9.66%	-1.3%	-2.68%	4.67%	1.65

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.94B	1.62B	2.27B	2.37B	1.8B	1.95B	2.07B	1.69B	4.7B	5.15B
Revenue Growth %	0.4%	-0.45%	0.4%	0.05%	-0.24%	0.09%	0.06%	-0.18%	1.78%	0.1%
Cost of Goods Sold+	2.05B	779.5M	1.14B	1.19B	726.2M	839.7M	915.9M	674M	3.35B	3.53B
COGS % of Revenue	0.7%	0.48%	0.5%	0.5%	0.4%	0.43%	0.44%	0.4%	0.71%	0.69%
Gross Profit+	897M	843.7M	1.13B	1.18B	1.07B	1.11B	1.16B	1.02B	1.35B	1.62B
Gross Margin %	0.3%	0.52%	0.5%	0.5%	0.6%	0.57%	0.56%	0.6%	0.29%	0.31%
Gross Profit Growth %	2.23%	-0.06%	0.34%	0.05%	-0.1%	0.04%	0.04%	-0.12%	0.33%	0.2%
Operating Expenses+	768.6M	806.2M	1.04B	1.09B	962.2M	985.8M	1.03B	883.8M	929.1M	1.06B
OpEx % of Revenue	0.26%	0.5%	0.46%	0.46%	0.54%	0.5%	0.5%	0.52%	0.2%	0.21%
Selling, General & Admin	765.8M	806.2M	1.04B	1.09B	962.2M	985.8M	1.03B	883.8M	924.2M	1.05B
SG&A % of Revenue	0.26%	0.5%	0.46%	0.46%	0.54%	0.5%	0.5%	0.52%	0.2%	0.2%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	2.4M	0	0	0	0	0	0	4.9M	6.6M
Operating Income+	128.4M	37.5M	83.2M	89.7M	107M	128M	125.5M	135.4M	422.9M	564.4M
Operating Margin %	0.04%	0.02%	0.04%	0.04%	0.06%	0.07%	0.06%	0.08%	0.09%	0.11%
Operating Income Growth %	1.1%	-0.71%	1.22%	0.08%	0.19%	0.2%	-0.02%	0.08%	2.12%	0.33%
EBITDA+	352.2M	188.6M	271.8M	284.3M	275.6M	330.1M	344.6M	317.4M	728.6M	897.7M
EBITDA Margin %	0.12%	0.12%	0.12%	0.12%	0.15%	0.17%	0.17%	0.19%	0.16%	0.17%
EBITDA Growth %	1.05%	-0.46%	0.44%	0.05%	-0.03%	0.2%	0.04%	-0.08%	1.3%	0.23%
D&A (Non-Cash Add-back)	223.8M	151.1M	188.6M	194.6M	168.6M	202.1M	219.1M	182M	305.7M	333.3M
EBIT	108.9M	3.9M	51.9M	101.7M	71.3M	-70.9M	75.1M	146M	406M	360.3M
Net Interest Income+	-111M	-43M	-85.5M	-77.6M	-77.6M	-81.6M	-68.8M	-67.8M	-288.1M	-339.6M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	111M	43M	85.5M	77.6M	77.6M	81.6M	68.8M	67.8M	288.1M	339.6M
Other Income/Expense	-130.5M	-76.6M	-116.8M	-65.6M	-113.3M	-280.5M	-119.2M	-57.2M	-305M	-543.7M
Pretax Income+	-2.1M	-39.1M	-33.6M	24.1M	-6.3M	-152.5M	6.3M	78.2M	117.9M	20.7M
Pretax Margin %	-0%	-0.02%	-0.01%	0.01%	-0%	-0.08%	0%	0.05%	0.03%	0%
Income Tax+	-22.7M	21.2M	-30M	-4.8M	4.5M	4.3M	9.5M	19.5M	25.1M	33.3M
Effective Tax Rate %	-1.19%	1.99%	0.04%	-1.87%	-0.46%	1.22%	-0.51%	0.38%	0.79%	-0.79%
Net Income+	2.5M	-77.8M	-1.4M	-45M	2.9M	-185.4M	-3.2M	29.6M	92.8M	-16.4M
Net Margin %	0%	-0.05%	-0%	-0.02%	0%	-0.09%	-0%	0.02%	0.02%	-0%
Net Income Growth %	-0.77%	-32.12%	0.98%	-31.14%	1.06%	-64.93%	0.98%	10.25%	2.14%	-1.18%
Net Income (Continuing)	20.6M	-60.3M	-3.6M	28.9M	-10.8M	-156.8M	-3.2M	58.7M	92.8M	-12.6M
Discontinued Operations	0	-17.5M	2.2M	-73.9M	13.7M	-28.6M	0	-29.1M	0	-3.8M
Minority Interest	6.6M	5.3M	6.1M	0	0	0	0	0	0	0
EPS (Diluted)+	-0.03	-0.61	-0.01	-0.32	0.02	-1.19	-0.02	0.18	0.40	-0.07
EPS Growth %	-1.31%	-17.38%	0.98%	-31.03%	1.07%	-56.73%	0.98%	10.05%	1.21%	-1.17%
EPS (Basic)	-0.03	-0.61	-0.01	-0.32	0.02	-1.19	-0.02	0.18	0.40	-0.07
Diluted Shares Outstanding	103.04M	128.29M	139.08M	139.1M	135.22M	155.45M	160.78M	161.88M	160.62M	242.31M
Basic Shares Outstanding	103.04M	128.29M	139.08M	139.1M	135.22M	155.45M	160.78M	160.76M	159.45M	242.31M
Dividend Payout Ratio	10.04%	-	-	-	11.21%	-	-	1.53%	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	638.6M	853.2M	933.9M	635.9M	642.3M	442.5M	509.8M	538M	698M	1.53B
Cash & Short-Term Investments	77.1M	78.1M	91.9M	170.8M	156.9M	115.1M	128.4M	78.8M	47M	614.4M
Cash Only	77.1M	78.1M	91.9M	170.8M	156.9M	115.1M	128.4M	78.8M	47M	614.4M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	294.9M	276.7M	285M	308.3M	216.7M	222.3M	261.6M	170.7M	397.5M	444M
Days Sales Outstanding	36.56	62.22	45.83	47.42	44.05	41.54	46.05	36.8	30.88	31.45
Inventory	249.4M	124.6M	127.6M	129.6M	62.9M	83.8M	94.6M	65.3M	180.4M	208.4M
Days Inventory Outstanding	44.47	58.34	40.74	39.71	31.61	36.43	37.7	35.36	19.67	21.54
Other Current Assets	17.2M	373.8M	429.4M	27.2M	205.8M	21.3M	25.2M	223.2M	73.1M	262.2M
Total Non-Current Assets+	2.25B	3.09B	3.16B	2.54B	2.75B	3.16B	3.21B	3.13B	4.46B	9.67B
Property, Plant & Equipment	769.8M	581.8M	584.2M	624.7M	743.8M	866.2M	895.5M	692.7M	2.16B	2.71B
Fixed Asset Turnover	3.82x	2.79x	3.89x	3.80x	2.41x	2.26x	2.32x	2.44x	2.17x	1.90x
Goodwill	759.6M	1.05B	1.1B	1.14B	1.05B	1.28B	1.32B	997.2M	817.4M	3.57B
Intangible Assets	684.1M	759M	751.1M	739.2M	597M	987.6M	969.8M	723.8M	1.42B	3.19B
Long-Term Investments	-17.7M	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	27.6M	697.4M	716.9M	31.7M	360.3M	24.1M	26.9M	715.3M	57M	189M
Total Assets+	2.89B	3.94B	4.09B	3.18B	3.39B	3.6B	3.72B	3.67B	5.15B	11.19B
Asset Turnover	1.02x	0.41x	0.55x	0.75x	0.53x	0.54x	0.56x	0.46x	0.91x	0.46x
Asset Growth %	-0.07%	0.36%	0.04%	-0.22%	0.07%	0.06%	0.03%	-0.02%	0.41%	1.17%
Total Current Liabilities+	563M	810.1M	933.4M	561M	607.6M	548.8M	709.8M	690.6M	782.8M	1.41B
Accounts Payable	227.2M	185.9M	197.2M	206.1M	126.5M	135.2M	181.4M	108M	356.5M	471.6M
Days Payables Outstanding	40.51	87.05	62.96	63.16	63.58	58.77	72.29	58.49	38.88	48.75
Short-Term Debt	125.4M	212.2M	225.4M	92M	135.8M	161.1M	272.1M	243.3M	105.7M	160M
Deferred Revenue (Current)	0	0	0	0	0	0	0	1000K	1000K	1000K
Other Current Liabilities	171.9M	364.6M	450.3M	194.5M	291.4M	187.1M	196.1M	229.6M	125.9M	477.1M
Current Ratio	1.13x	1.05x	1.00x	1.13x	1.06x	0.81x	0.72x	0.78x	0.89x	1.08x
Quick Ratio	0.69x	0.90x	0.86x	0.90x	0.95x	0.65x	0.58x	0.68x	0.66x	0.94x
Cash Conversion Cycle	40.52	33.52	23.61	23.98	12.09	19.19	11.46	13.67	11.67	4.24
Total Non-Current Liabilities+	1.68B	2.26B	2.27B	1.44B	1.62B	1.71B	1.69B	1.69B	4.37B	6.34B
Long-Term Debt	1.52B	1.98B	2.06B	1.25B	1.24B	1.29B	1.25B	1.21B	3.44B	4.89B
Capital Lease Obligations	1.7M	2.9M	4.1M	3.1M	178.8M	206.3M	224.5M	165M	506.4M	628.4M
Deferred Tax Liabilities	76.5M	155M	98.4M	124.3M	90.6M	148.1M	158.8M	142.5M	397M	738.7M
Other Non-Current Liabilities	76.5M	114M	114M	69.6M	112.2M	67.8M	64.9M	171.1M	22.4M	80.9M
Total Liabilities	2.24B	3.07B	3.21B	2.01B	2.22B	2.26B	2.4B	2.38B	5.15B	7.75B
Total Debt+	1.65B	2.2B	2.29B	1.34B	1.55B	1.65B	1.74B	1.62B	4.05B	5.68B
Net Debt	1.57B	2.12B	2.2B	1.17B	1.39B	1.54B	1.61B	1.54B	4.01B	5.06B
Debt / Equity	2.56x	2.52x	2.58x	1.15x	1.33x	1.23x	1.32x	1.27x	1501.70x	1.65x
Debt / EBITDA	4.69x	11.66x	8.41x	4.72x	5.62x	5.01x	5.05x	5.11x	5.56x	6.33x
Net Debt / EBITDA	4.47x	11.25x	8.08x	4.12x	5.06x	4.66x	4.68x	4.87x	5.50x	5.64x
Interest Coverage	1.16x	0.87x	0.97x	1.16x	1.38x	1.57x	1.82x	2.00x	1.47x	1.66x
Total Equity+	645.9M	873.8M	885.7M	1.17B	1.17B	1.35B	1.32B	1.28B	2.7M	3.44B
Equity Growth %	-0.07%	0.35%	0.01%	0.32%	-0%	0.15%	-0.02%	-0.03%	-1%	1274.63%
Book Value per Share	6.27	6.81	6.37	8.41	8.62	8.66	8.21	7.92	0.02	14.21
Total Shareholders' Equity	639.3M	868.5M	879.6M	1.17B	1.17B	1.35B	1.32B	1.28B	2.7M	3.44B
Common Stock	534.7M	909.3M	917.1M	899.4M	892.3M	1.27B	1.29B	1.28B	0	3.8M
Retained Earnings	129.6M	22.9M	-12.2M	298.8M	265M	81.1M	16.4M	-9.4M	-1.01B	-1.51B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-76.2M	-117.9M	-94.4M	-101.7M	-68.5M	-86.7M	-69.1M	-82.2M	-7.5M	-17.2M
Minority Interest	6.6M	5.3M	6.1M	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	254.6M	145.5M	176M	244.3M	246.8M	176.2M	247.1M	281.6M	320.9M	467.2M
Operating CF Margin %	0.09%	0.09%	0.08%	0.1%	0.14%	0.09%	0.12%	0.17%	0.07%	0.09%
Operating CF Growth %	3.49%	-0.43%	0.21%	0.39%	0.01%	-0.29%	0.4%	0.14%	0.14%	0.46%
Net Income	2.5M	-60.3M	-3.6M	28.9M	-10.8M	-156.8M	-3.2M	58.7M	92.8M	-12.6M
Depreciation & Amortization	223.8M	151.1M	188.6M	194.6M	168.6M	202.1M	219.1M	182M	305.7M	333.3M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	-30.4M	19.9M	-33.9M	-6.7M	-1.1M	200K	4M	17.3M	-40.5M	-78.1M
Other Non-Cash Items	25.1M	27.6M	24.6M	14.1M	68M	151.9M	48.8M	48.8M	70.7M	98.1M
Working Capital Changes	33.6M	7.2M	300K	13.4M	22.1M	-21.2M	-21.6M	-25.2M	-107.8M	126.5M
Change in Receivables	4.5M	-3.1M	-8M	-10.8M	13.9M	14.2M	-32.6M	-2.6M	51.3M	83.6M
Change in Inventory	6.5M	12.9M	-2M	-500K	-5.4M	1M	-10.9M	-9.4M	23.1M	-100K
Change in Payables	-3.3M	3.3M	7.3M	29.2M	7.7M	-35.2M	26.2M	-5.1M	-184M	76.5M
Cash from Investing+	-99.7M	-903.7M	-739M	75.5M	-147.8M	-178M	-242.7M	-181.5M	-217.6M	474.4M
Capital Expenditures	-115.4M	-99.3M	-126.9M	-144M	-110.1M	-123.3M	-161.7M	-168.8M	-217.7M	-190.9M
CapEx % of Revenue	0.04%	0.06%	0.06%	0.06%	0.06%	0.06%	0.08%	0.1%	0.05%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.2M	149.3M	-584.4M	358.7M	-35.8M	389.6M	500K	-55.4M	3.1M	675.3M
Cash from Financing+	-160.1M	807.1M	596.5M	-296.6M	-66M	-91.1M	10.8M	-102.8M	-162.3M	-366.4M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-31M	-31.4M	-33.4M	-33.4M	-32.5M	-39.6M	-38.9M	-45.4M	-49.9M	-615.8M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-11.6M	-10.7M	500K	100K	-8.8M	4.6M	600K	-6.1M	0	-3.6M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	143.8M	50.4M	54.7M	113.5M	145.5M	62.2M	95.1M	119.5M	117.3M	317M
FCF Margin %	0.05%	0.03%	0.02%	0.05%	0.08%	0.03%	0.05%	0.07%	0.02%	0.06%
FCF Growth %	13.38%	-0.65%	0.09%	1.07%	0.28%	-0.57%	0.53%	0.26%	-0.02%	1.7%
FCF per Share	1.40	0.39	0.39	0.82	1.08	0.40	0.59	0.74	0.73	1.31
FCF Conversion (FCF/Net Income)	101.84x	-1.87x	-125.71x	-5.43x	85.10x	-0.95x	-77.22x	9.51x	3.46x	-28.49x
Interest Paid	0	0	0	0	0	87.2M	111.27M	198.2M	274.3M	320.2M
Taxes Paid	0	0	0	0	0	8.1M	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	0.37%	-10.24%	-0.16%	-4.38%	0.25%	-14.75%	-0.24%	2.27%	14.44%	-0.95%
Return on Invested Capital (ROIC)	4.16%	1.08%	2.05%	2.48%	3.27%	3.53%	3.23%	3.53%	9.28%	6.76%
Gross Margin	30.47%	51.98%	49.63%	49.8%	59.55%	57.02%	55.82%	60.19%	28.77%	31.47%
Net Margin	0.08%	-4.79%	-0.06%	-1.9%	0.16%	-9.49%	-0.15%	1.75%	1.98%	-0.32%
Debt / Equity	2.56x	2.52x	2.58x	1.15x	1.33x	1.23x	1.32x	1.27x	1501.70x	1.65x
Interest Coverage	1.16x	0.87x	0.97x	1.16x	1.38x	1.57x	1.82x	2.00x	1.47x	1.66x
FCF Conversion	101.84x	-1.87x	-125.71x	-5.43x	85.10x	-0.95x	-77.22x	9.51x	3.46x	-28.49x
Revenue Growth	40%	-44.86%	39.83%	4.55%	-24.34%	8.81%	6.13%	-18.33%	177.5%	9.66%

Frequently Asked Questions

Growth & Financials

Primo Brands Corporation (PRMB) reported $6.51B in revenue for fiscal year 2024. This represents a 179% increase from $2.33B in 2011.

Primo Brands Corporation (PRMB) grew revenue by 9.7% over the past year. This is steady growth.

Primo Brands Corporation (PRMB) reported a net loss of $84.6M for fiscal year 2024.

Dividend & Returns

Yes, Primo Brands Corporation (PRMB) pays a dividend with a yield of 13.70%. This makes it attractive for income-focused investors.

Primo Brands Corporation (PRMB) has a return on equity (ROE) of -1.0%. Negative ROE indicates the company is unprofitable.

Primo Brands Corporation (PRMB) generated $408.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.