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BRBR

BellRing Brands, Inc.

BRBR

BellRing Brands, Inc. • NYSE
$30.89 ▲ 0.98% (+0.30)
Market Cap $3.89 B
52w High $80.67
52w Low $22.45
Dividend Yield 0%
P/E 18.39
Volume 1.04M
Outstanding Shares 125.98M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $648.2M ▲ $85.2M ▼ $59.6M ▲ 9.195% ▲ $0.48 ▲ $102.2M ▲
Q3-2025 $547.5M ▼ $148.8M ▲ $21M ▼ 3.836% ▼ $0.17 ▼ $35.6M ▼
Q2-2025 $588M ▲ $94.7M ▲ $58.7M ▼ 9.983% ▼ $0.46 ▼ $99.7M ▼
Q1-2025 $532.9M ▼ $84.3M ▼ $76.9M ▲ 14.43% ▲ $0.59 ▲ $119.9M ▲
Q4-2024 $555.8M $93M $71.7M 12.9% $-1.34 $112.1M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $71.8M ▲ $941M ▼ $1.395B ▲ $-453.9M ▼
Q3-2025 $43.7M ▲ $993.7M ▲ $1.304B ▲ $-309.9M ▼
Q2-2025 $28.1M ▼ $947.5M ▲ $1.202B ▲ $-254.1M ▼
Q1-2025 $49.6M ▼ $885.2M ▲ $1.032B ▼ $-146.6M ▲
Q4-2024 $71.1M $837M $1.043B $-205.9M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $21M ▼ $40.3M ▼ $-1.8M ▼ $-28.1M ▲ $10.7M ▲ $38.5M ▼
Q2-2025 $58.7M ▼ $48.2M ▲ $-600K ▲ $-53.1M ▼ $-5.4M ▲ $47.6M ▲
Q1-2025 $76.9M ▲ $3M ▼ $-1.3M ▼ $-23.2M ▲ $-21.5M ▼ $1.7M ▼
Q4-2024 $71.7M ▼ $40.1M ▼ $-1.2M ▼ $-40.5M ▲ $-1.5M ▲ $38.9M ▼
Q3-2024 $73.7M $69M $-100K $-75.4M $-6.7M $68.9M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
Other Products
Other Products
 $10.00M ▲$10.00M ▲$20.00M ▲$20.00M ▲
Powders
Powders
 $80.00M ▲$90.00M ▲$90.00M ▲$100.00M ▲
Shakes and other beverages
Shakes and other beverages
 $440.00M ▲$490.00M ▲$440.00M ▼$530.00M ▲

Five-Year Company Overview

Income Statement

Income Statement BellRing’s income statement shows a company growing quickly and becoming more profitable over time. Revenue has increased solidly each year, not just inching higher but moving up at a strong, steady pace. At the same time, profit margins have widened: more of each dollar of sales is turning into gross profit, operating profit, and net income. This combination of strong growth and improving profitability suggests good pricing power, strong demand for its brands, and tight cost control. One nuance: reported earnings per share jump around a bit because of past corporate structure and share-count changes, so the cleanest story is simply that the underlying business is larger and more profitable than it was a few years ago.

Balance Sheet

Balance Sheet The balance sheet is the main watch point. BellRing runs a lean, asset‑light model with a relatively small base of assets, and it uses a meaningful amount of debt to finance the business. Accounting equity is negative, which often reflects past recapitalizations and heavy use of borrowings rather than an operational problem, but it does underline that this is a highly leveraged capital structure. Cash on hand is modest rather than abundant, so the company depends on ongoing cash generation and access to credit markets. In simple terms: the operating business looks strong, but the financial structure leans toward the aggressive side, which magnifies both upside and downside if conditions change.

Cash Flow

Cash Flow Cash flow has generally been healthy but not perfectly smooth. Operating cash generation is solid in most years and comfortably covers the company’s very light capital spending needs, which is a benefit of the outsourced, asset‑light model. Free cash flow tends to track operating cash flow closely because the business does not require heavy investment in factories or equipment. There was a soft patch in cash flow in an earlier year, but the more recent trend points to much stronger, more consistent cash generation that now aligns better with the growth in reported profits. Overall, the company appears capable of funding its operations and modest investment needs from internal cash, though the debt load still makes ongoing discipline important.

Competitive Edge

Competitive Edge BellRing occupies a strong, focused niche in convenient nutrition, anchored by two powerful brands: Premier Protein and Dymatize. Premier Protein dominates ready‑to‑drink protein shakes on mainstream shelves, while Dymatize is well‑known among performance‑oriented consumers. This brand strength creates loyalty and repeat purchases, which makes it harder for new entrants to break in. The company’s products are widely available across club stores, supermarkets, mass retailers, e‑commerce, and convenience channels. This broad distribution means consumers see the brands almost everywhere, reinforcing their leadership. Retailers appear to view BellRing as an important partner and category leader, which can help with shelf space and merchandising influence. Competition in nutrition and protein products is intense, but BellRing’s combination of brand recognition, distribution reach, and category expertise gives it a meaningful edge, as long as it continues to invest in marketing and product quality.

Innovation and R&D

Innovation and R&D Innovation is a clear strength. BellRing’s “R&D” is less about lab technology and more about food science, taste, texture, and format. Premier Protein continues to roll out new flavors and product twists that keep the brand fresh while staying aligned with core themes: high protein, low sugar, and convenience. Dymatize focuses more on performance, with advanced whey isolates and specialized formulations aimed at serious athletes. The company also experiments with new consumption occasions and formats—such as cereal, frozen items, and non‑dairy alternatives—to extend its brands into more parts of a consumer’s day. Co‑branding initiatives, like coffee‑inspired flavors with well‑known partners, help the products stand out on crowded shelves. Overall, the innovation engine appears active and closely tied to evolving consumer preferences in health, wellness, and weight management.

Summary

BellRing Brands looks like a growth‑oriented consumer company with strong brands, rising profitability, and an aggressive but efficient balance sheet. The business itself has scaled nicely, with better margins and stronger cash generation than a few years ago, reflecting an effective mix of brand power, premium positioning, and an asset‑light strategy. The main financial trade‑off is leverage: the company carries significant debt and negative accounting equity, which works well in good times but leaves less margin for error if growth slows or financing conditions tighten. On the opportunity side, BellRing is well‑positioned to benefit from long‑term trends in health, high‑protein diets, and convenient nutrition, supported by active innovation and deep retail relationships. In short, this is a branded nutrition business with strong commercial momentum and a robust innovation pipeline, balanced against a capital structure that requires continued operational strength and disciplined financial management.

NEWS

November 28, 2025 · 8:18 AM UTC

BRBR INVESTMENT: BellRing Brands Investors with Losses are Reminded to Contact BFA Law about its Ongoing Securities Class Action Investigation

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November 25, 2025 · 8:00 AM UTC

BellRing Brands to Participate in the Morgan Stanley Global Consumer & Retail Conference

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November 21, 2025 · 6:05 AM UTC

BRBR SHAREHOLDERS: A Securities Investigation into BellRing Brands has been Initiated on behalf of Investors -- Contact BFA Law if You Suffered Losses

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November 20, 2025 · 10:00 AM UTC

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of BellRing Brands, Inc. - BRBR

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November 20, 2025 · 8:00 AM UTC

BellRing Brands Announces New Share Repurchase Authorization of $600 Million

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