GoAI
Get started
Primo Brands Corporation logo

Primo Brands Corporation

PRMB

NYSEConsumer DefensiveBeverages - Non-Alcoholic

Open in GoAI

Previous close

$23.12

+$0.02 · +0.09%

Aug 21, 4:00 PM ET

PRMB company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

86

Deep Value

Momentum

51

Neutral

Sentiment

50

Mixed

Risk resilience

67

Moderate Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Primo Brands Corp. is a branded beverage company, which focuses on healthy hydration. It delivers sustainably and domestically sourced diversified offerings across products, formats, channels, price points and consumer occasions, distributed in the United States and Canada. The company provides water filtration units for home and business consumers across North America. It also offers reusable packaging, helping to reduce waste through its reusable, multi-serve bottles and innovative brand packaging portfolio, which includes recycled plastic, aluminum and glass. Primo Brands was founded in 2024 and is headquartered in Tampa, FL.

Industry
Beverages - Non-Alcoholic
Sector
Consumer Defensive
Headquarters
US
CEO
Eric J. Foss
Listed since
Jun 15, 1992
Employees
12,000

Market position

Day range

Current $23.12

52-week range

Current $23.12

Open
$23.065
Previous close
$23.10
Volume
2.61M
0.69× average
Average volume
3.77M
Average daily volume
Market cap
8.39B USD
Beta
0.72
Market reference 1
50-day average
$23.9766
-3.57% below average
200-day average
$20.4499
+13.06% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
11.46B USD
P/E (TTM)
83.83×
P/B (TTM)
2.81×
P/S (TTM)
1.24×
EV / EBITDA
10.59×
Earnings yield
0.98%
Free cash flow yield
5.08%
Dividend yield
1.90%

Profitability & efficiency

Gross margin
29.37%
Operating margin
8.06%
Net margin
1.49%
Return on equity
2.01%
Return on assets
0.57%
Return on invested capital
4.39%

Financial health

Debt / equity
1.91×
Current ratio
0.95×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends66%42%18%-6%Gross margin, FY2021: 55.82%Gross margin, FY2022: 60.19%Gross margin, FY2023: 28.77%Gross margin, FY2024: 31.47%Gross margin, FY2025: 32.17%Operating margin, FY2021: 6.05%Operating margin, FY2022: 8.00%Operating margin, FY2023: 9.00%Operating margin, FY2024: 10.95%Operating margin, FY2025: 11.28%Net margin, FY2021: -0.15%Net margin, FY2022: 1.75%Net margin, FY2023: 1.98%Net margin, FY2024: -0.32%Net margin, FY2025: 0.90%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 55.82%. Gross margin FY2022 60.19%. Gross margin FY2023 28.77%. Gross margin FY2024 31.47%. Gross margin FY2025 32.17%. Operating margin FY2021 6.05%. Operating margin FY2022 8.00%. Operating margin FY2023 9.00%. Operating margin FY2024 10.95%. Operating margin FY2025 11.28%. Net margin FY2021 -0.15%. Net margin FY2022 1.75%. Net margin FY2023 1.98%. Net margin FY2024 -0.32%. Net margin FY2025 0.90%.

Income trends

Revenue

6.66B USD+29.34%

Operating income

751.5M USD+33.15%

Net income

60.1M USD+76.5M USD
Income trends across reported periods7.33B USD4.66B USD1.99B USD−684.44M USDRevenue, FY2021: 2.07B USDRevenue, FY2022: 1.69B USDRevenue, FY2023: 4.7B USDRevenue, FY2024: 5.15B USDRevenue, FY2025: 6.66B USDOperating income, FY2021: 125.5M USDOperating income, FY2022: 135.4M USDOperating income, FY2023: 422.9M USDOperating income, FY2024: 564.4M USDOperating income, FY2025: 751.5M USDNet income, FY2021: −3.2M USDNet income, FY2022: 29.6M USDNet income, FY2023: 92.8M USDNet income, FY2024: −16.4M USDNet income, FY2025: 60.1M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.07B USD. Revenue FY2022 1.69B USD. Revenue FY2023 4.7B USD. Revenue FY2024 5.15B USD. Revenue FY2025 6.66B USD. Operating income FY2021 125.5M USD. Operating income FY2022 135.4M USD. Operating income FY2023 422.9M USD. Operating income FY2024 564.4M USD. Operating income FY2025 751.5M USD. Net income FY2021 −3.2M USD. Net income FY2022 29.6M USD. Net income FY2023 92.8M USD. Net income FY2024 −16.4M USD. Net income FY2025 60.1M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue6.66B USD5.15B USD4.7B USD1.69B USD2.07B USD
Cost of goods sold4.54B USD3.53B USD3.35B USD674M USD915.9M USD
Gross profit2.14B USD1.62B USD1.35B USD1.02B USD1.16B USD
Selling, general, and administrative1.39B USD1.05B USD924.2M USD883.8M USD1.03B USD
Operating expenses1.39B USD1.06B USD929.1M USD883.8M USD1.03B USD
Interest expense326.5M USD339.6M USD288.1M USD67.8M USD68.8M USD
Depreciation and amortization610.2M USD333.3M USD305.7M USD182M USD219.1M USD
Operating income751.5M USD564.4M USD422.9M USD135.4M USD125.5M USD
Net income60.1M USD−16.4M USD92.8M USD29.6M USD−3.2M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
+4.60%
11 comparable reports
Latest EPS result
0.37
Estimate 0.32 · Beat by 14.91%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.470.350.230.11Q1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 20, 2025: actual 0.13, estimate 0.19, surprise -31.58%, Miss. Q2 2025, reported May 8, 2025: actual 0.29, estimate 0.24, surprise +20.83%, Beat. Q3 2025, reported Aug 7, 2025: actual 0.36, estimate 0.43, surprise -16.28%, Miss. Q4 2025, reported Nov 6, 2025: actual 0.41, estimate 0.38, surprise +7.89%, Beat. Q1 2026, reported Feb 26, 2026: actual 0.26, estimate 0.22, surprise +18.18%, Beat. Q2 2026, reported May 7, 2026: actual 0.23, estimate 0.24, surprise -4.17%, Miss. Q3 2026, reported Aug 5, 2026: actual 0.37, estimate 0.322, surprise +14.91%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 0.43, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.91B1.72B1.52B1.32BQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 20, 2025: actual 1.4B USD, estimate 1.63B USD, surprise -14.50%, Miss. Q2 2025, reported May 8, 2025: actual 1.61B USD, estimate 1.84B USD, surprise -12.23%, Miss. Q3 2025, reported Aug 7, 2025: actual 1.73B USD, estimate 1.77B USD, surprise -2.13%, Miss. Q4 2025, reported Nov 6, 2025: actual 1.77B USD, estimate 1.52B USD, surprise +16.57%, Beat. Q1 2026, reported Feb 26, 2026: actual 1.55B USD, estimate 1.51B USD, surprise +3.05%, Beat. Q2 2026, reported May 7, 2026: actual 1.63B USD, estimate 1.58B USD, surprise +3.03%, Beat. Q3 2026, reported Aug 5, 2026: actual 1.8B USD, estimate 1.77B USD, surprise +1.76%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 1.82B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$27.80

20.24% upside
Past 12 months12-month forecastHigh $31.00Average $27.80Low $25.00

Recent analyst actions

10 institutions
JefferiesupgradeHoldBuy
Goldman SachsmaintainNeutral

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.40

2025 complete year+66.7% since 2021

2026 partial: $0.36

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Aug 24, 2026

$0.12

Quarterly

Record Aug 24, 2026 · Payment Sep 8, 2026

Dividend

Ex-dividend Jun 4, 2026

$0.12

Quarterly

Record Jun 4, 2026 · Payment Jun 15, 2026

Dividend

Ex-dividend Mar 6, 2026

$0.12

Quarterly

Record Mar 6, 2026 · Payment Mar 23, 2026

Dividend

Ex-dividend Nov 25, 2025

$0.10

Quarterly

Record Nov 25, 2025 · Payment Dec 5, 2025

Dividend

Ex-dividend Aug 21, 2025

$0.10

Quarterly

Record Aug 21, 2025 · Payment Sep 4, 2025

Dividend

Ex-dividend Jun 6, 2025

$0.10

Quarterly

Record Jun 6, 2025 · Payment Jun 17, 2025

PRMB peers

The Coca-Cola Company logo

KO

The Coca-Cola Company

$91.10

+0.66%

The Procter & Gamble Company logo

PG

The Procter & Gamble Company

$144.68

+1.20%

Philip Morris International Inc. logo

PM

Philip Morris International Inc.

$188.23

-1.72%

Anheuser-Busch InBev SA/NV logo

BUD

Anheuser-Busch InBev SA/NV

$78.92

+1.28%

Unilever PLC logo

UL

Unilever PLC

$64.14

+1.17%

British American Tobacco p.l.c. logo

BTI

British American Tobacco p.l.c.

$56.21

-0.86%

ETFs holding PRMB

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
170.29M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
123.1M
Weight
0.07%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
71.26M
Weight
0.16%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$358.65+0.70%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
64.52M
Weight
0.07%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
First Trust Water ETF logoFirst Trust Water ETFFIW
Market value
39.64M
Weight
2.09%
AUM
1.91B USD
Expense ratio
0.50%
Price / 1D
$111.14+0.62%
Vanguard Consumer Staples ETF logoVanguard Consumer Staples ETFVDC
Market value
34.21M
Weight
0.37%
AUM
9.3B USD
Expense ratio
0.09%
Price / 1D
$231.75+0.67%
iShares Russell Mid-Cap ETF logoiShares Russell Mid-Cap ETFIWR
Market value
24.83M
Weight
0.04%
AUM
57.66B USD
Expense ratio
0.18%
Price / 1D
$113.44+0.70%
Vanguard High Dividend Yield ETF logoVanguard High Dividend Yield ETFVYM
Market value
22.29M
Weight
0.02%
AUM
99.2B USD
Expense ratio
0.04%
Price / 1D
$164.97+0.59%

Continue in GoAI

Research PRMB

research.disclaimer