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PRMB

Primo Brands Corporation

PRMB

Primo Brands Corporation • NYSE
$15.68 ▲ 0.32% (+0.05)
Market Cap $5.81 B
52w High $35.85
52w Low $14.36
Dividend Yield 0.40%
P/E -120.62
Volume 2.22M
Outstanding Shares 370.29M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.766B ▲ $381.8M ▲ $16.8M ▼ 0.951% ▼ $0.045 ▼ $313.1M ▲
Q2-2025 $1.73B ▲ $378.4M ▲ $27.6M ▼ 1.595% ▼ $0.074 ▼ $274M ▲
Q1-2025 $1.614B ▲ $328M ▼ $28.7M ▲ 1.779% ▲ $0.076 ▲ $263.1M ▲
Q4-2024 $1.397B ▲ $335.7M ▲ $-157.7M ▼ -11.287% ▼ $-0.504 ▼ $25M ▼
Q3-2024 $511.4M $262.3M $30.6M 5.984% $0.24 $118M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $422.7M ▲ $10.956B ▼ $7.796B ▼ $3.16B ▼
Q2-2025 $412M ▼ $11.049B ▲ $7.803B ▲ $3.246B ▼
Q1-2025 $449.7M ▼ $10.982B ▼ $7.649B ▼ $3.333B ▼
Q4-2024 $614.4M ▼ $11.194B ▲ $7.75B ▲ $3.444B ▲
Q3-2024 $667.3M $3.563B $2.08B $1.483B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $40.5M ▲ $293.739M ▲ $-146.572M ▼ $-134.548M ▲ $10.7M ▲ $176.63M ▲
Q2-2025 $30.5M ▼ $157.639M ▲ $-45.271M ▼ $-158.709M ▲ $-37.7M ▲ $101.624M ▲
Q1-2025 $34.7M ▲ $34.2M ▼ $-31.2M ▼ $-170.9M ▲ $-164.7M ▼ $-27.8M ▼
Q4-2024 $-153.9M ▼ $196.795M ▼ $525.871M ▲ $-299.499M ▼ $-52.9M ▼ $158.059M ▼
Q3-2024 $53.3M $266.467M $-41.392M $-67.116M $64M $233.963M

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown meaningfully over the last few years, showing that demand for Primo’s products has been building even before the large merger. Profitability at the operating level has improved steadily, suggesting better scale and cost control in the core business. However, net results have bounced between small profits and small losses, with the latest year slipping back into a slight loss despite record sales. This points to thin overall margins and some pressure from interest costs, integration expenses, or other below‑the‑line items. The business looks solid on sales and operating performance, but the bottom line remains sensitive and not yet consistently strong.

Balance Sheet

Balance Sheet The balance sheet has expanded sharply, reflecting growth and the combination of businesses, but it also shows a heavy reliance on debt. Borrowings now make up a large share of the funding structure, while cash on hand, although improved, is still relatively modest compared with total obligations. Shareholders’ equity has increased recently, which helps cushion the balance sheet, but the company is still operating with meaningful financial leverage. This mix offers scale benefits but raises sensitivity to interest rates, refinancing conditions, and any prolonged downturn in performance. Overall, the balance sheet is stronger in size but more demanding to manage from a risk standpoint.

Cash Flow

Cash Flow Cash generated from day‑to‑day operations has been consistently positive and has trended higher, which is a key strength. Investment spending has at times been heavy, temporarily pushing free cash flow into negative territory, but in most recent years the company has produced surplus cash after capital expenditures. This pattern suggests a business that can generally fund its own growth, while occasionally stepping up investment for capacity, systems, or integration. The main watchpoint is whether integration issues or higher interest costs start to eat into this cushion. For now, underlying cash generation looks healthier than the headline net income swings might suggest.

Competitive Edge

Competitive Edge Primo benefits from a rare combination of powerful regional and national water brands and a very broad distribution footprint. Its multi‑channel model—direct delivery, exchange, and refill stations—puts it close to consumers in many settings and creates convenience that smaller rivals struggle to match. Scale in sourcing, bottling, and logistics provides cost advantages and reinforces its position with retailers. At the same time, the company operates in a fiercely competitive beverage market where private labels and other branded players are always pressuring prices and shelf space. The merger has strengthened its competitive moat, but also increased the complexity it must manage to fully realize those advantages.

Innovation and R&D

Innovation and R&D Innovation at Primo is centered on its business model, brand portfolio, and sustainability strategy rather than cutting‑edge lab research. The recurring revenue model around dispensers, exchanges, and refills is a key differentiator that deepens customer relationships over time. The company is leaning into environmentally focused initiatives—like more recyclable and reusable packaging and water stewardship—which align with shifting consumer preferences and can reinforce brand loyalty. It is also pushing into premium and functional waters and investing in production capacity for higher‑end brands, which could support richer margins if execution goes well. Technology use is focused on logistics optimization and digital ordering, practical areas that can quietly boost efficiency and customer experience.

Summary

Primo Brands is evolving into a scaled, diversified water and hydration company with strong brands, improving operational performance, and generally solid cash generation. Revenue growth and better operating results show the core business has momentum, but thin net margins and a recent small loss underscore that the company is still in a delicate phase. The balance sheet is larger and more capable, but also more leveraged, leaving less room for prolonged missteps. Its competitive moat—built on brands, distribution, and recurring-service models—is a clear asset, yet it comes with execution risk, especially while merger integration and a related lawsuit are ongoing. The long‑term picture mixes attractive strategic positioning with nearer‑term complexity and integration risk that will require careful monitoring of profitability, leverage, and service quality over the next few years.

NEWS

November 29, 2025 · 11:26 PM UTC

ROSEN, SKILLED INVESTOR COUNSEL, Encourages Primo Brands Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - PRMB, PRMW

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November 29, 2025 · 8:41 AM UTC

SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Primo Brands

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November 28, 2025 · 5:02 PM UTC

PRMB Lawsuit: Primo Brands Investors Must Act by Jan. 12 Deadline over Botched Merger, CEO Exit

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November 28, 2025 · 11:13 AM UTC

UPCOMING DEADLINE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Primo Brands

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November 28, 2025 · 10:30 AM UTC

PRMB Investors Have Opportunity to Lead Primo Brands Corporation Securities Fraud Lawsuit with the Schall Law Firm

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