Primo Brands Corp (PRMB)

Primo Brands Corporation operates as a branded beverage company in North America. It offers bottle water solutions and water filtration services; and premium spring and sparkling water, purified water, self-service refill drinking water, flavored and enhanced beverages, water dispensers, and filtration equipment. The company has a portfolio of packaged branded beverages under the Poland Spring, Pure Life, Saratoga, Mountain Valley, Arrowhead, Deer Park, Ice Mountain, Ozarka, and Zephyrhills brands; purified brands, including Primo Water and Sparkletts; and flavored and enhanced brands, such as AC+ION and Splash Refresher. It distributes direct-to-consumer, retail, commercial and residential customers, and e-commerce and digital platforms. The company is based in Tampa, Florida.

Ticker: PRMB
Exchange: NYSE
Sector: Consumer Defensive
Industry: Beverages - Non-Alcoholic
Market cap: $8.10B
52-week range: $14.36 - $26.21

Valuation

Share price: $22.39 (close of Nov 6, 2026)
P/E (TTM): 39.28x
Price to book: 2.66x
Price to free cash flow: 19.57x
Enterprise value: $13.39B
Book value per share: $8.43

Price performance

Period	Change
1 day	+1.08%
5 days	+13.42%
1 month	+16.49%
3 months	-6.36%
6 months	+13.08%
Year to date	+36.94%
1 year	+26.50%
3 years	+51.69%
5 years	+17.66%
10 years	+74.38%
All time	+384.11%

Short interest

As of: Oct 15, 2026
Short % of float: 34.10%
Shares short: 30.71M
Days to cover: 6.28
Change since prior report: +0.48%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 2.01%
Return on invested capital: 4.20%
Return on assets: 0.57%
Return on capital employed: 4.62%
Gross margin: 30.32%
Net margin: 0.90%
EBITDA margin: 15.62%
Revenue growth: 29.34%
Free cash flow growth: -3.41%

Cash flow and balance sheet

Free cash flow yield (TTM): 5.11%
Current ratio: 1.11x
Net debt to EBITDA: 4.39x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $6.66B
Cost of revenue: $4.64B
Gross profit: $2.02B
EBITDA: $1.04B
Net income: $60.10M
Earnings per share: $0.16
Interest expense: $326.50M
Shares outstanding: 373.51M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$6.66B	$2.02B	$60.10M	$0.16
2024-12-31	$5.15B	$1.62B	-$16.40M	-$0.07
2023-12-31	$4.70B	$1.35B	$92.80M	$0.29
2022-12-31	$4.44B	$994.20M	-$126.70M	-$0.74

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	30.32%	0.90%	2.01%	4.20%
2024-12-31	31.47%	-0.32%	-0.48%	3.58%
2023-12-31	28.77%	1.98%	-	9.39%
2022-12-31	22.39%	-2.85%	-9.88%	0.80%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$376.70M	$5.08B
2024-12-31	$613.70M	$4.96B
2023-12-31	$44.70M	$3.45B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$302.90M	$49.90M
2024-12-31	$313.60M	$8.70M
2023-12-31	$117.30M	$1.30M
2022-12-31	-$150.20M	$1.80M

Dividend history

Most recent payment: Aug 24, 2026
Paid in the last twelve months: $0.46

Payment date	Dividend per share
2026-08-24	$0.12
2026-06-04	$0.12
2026-03-06	$0.12
2025-11-25	$0.10
2025-08-21	$0.10
2025-06-06	$0.10
2025-03-07	$0.10
2024-11-22	$0.09

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-11-05	Sep 2026	$0.39
2026-08-05	Jun 2026	$0.32
2026-05-07	Mar 2026	$0.23
2026-02-26	Dec 2025	$0.20
2025-11-06	Sep 2025	$0.36
2025-08-07	Jun 2025	$0.41
2025-05-08	Mar 2025	$0.22
2025-02-20	Dec 2024	$0.16

Filings and sources

Company website: primobrands.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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