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MARKETS / NYSE / BRBR
NYSE · FOOD AND KINDRED PRODUCTS · LARGE CAP

Bellring Brands, Inc. BRBR

8 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.3B
▲ 16.1% YoY
$216.2M
▼ 12.3% YoY
$255.9M
▲ 29.4% YoY
In brief

What this company does

BellRing Brands, Inc. sells products under its Premier Protein and Dymatize brands in product forms that include ready-to-drink protein shakes and powders. Its products are distributed across a network of channels that includes club, food, drug and mass, eCommerce, specialty and convenience. It primarily engages third-party contract manufacturers in North America and the European Union to produce its products. Its largest customers, Walmart, Costco and Amazon, accounted for approximately 74.0% of its net sales in its year ended September 30, 2025. It had approximately 530 employees as of November 1, 2025, of whom approximately 350 were in the United States, approximately 170 in Germany and approximately 10 in other countries. BellRing Brands, Inc. was formed in the State of Delaware on October 20, 2021 as a wholly-owned subsidiary of Post Holdings, Inc. for the purpose of effecting the separation of BellRing Intermediate Holdings, Inc. from Post.

Written from the business description in BellRing Brands, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 18 November 2025. Every sentence was checked against that document before publication.

Growth
USD 2.3B
Revenue, FY2025 · full 8-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.3 · Net income 0.2
0.8B1.6B20182019202020212022202320242025
Compound annual growth
+19.1%
+18.6%
+38.0%
+55.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +18.6% a year over five years — but profit grew faster: net income at +55.9%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
9 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 15.4% · Net 9.3%
5%10%15%20182019202020212022202320242025
ROE

Not applicable: equity was negative in this period, so return on equity has no meaning.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 255.9
100M200M20182019202020212022202320242025
Net buybacks $M Dividends $M
FY2022 · Dividends — · Net buybacks 42.8
-200M-400M202020212022

Total assetsUSD 941.0M
EquityUSD -453.9M
CashUSD 71.8M
Gross debtUSD 1.1B
Net debtUSD 1.0B
Current ratio2.35×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 8-year record
8 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018
Revenue $B2.32.01.71.41.21.00.90.8
Operating income $B0.40.40.30.20.20.20.20.1
EBITDA $B0.40.40.30.20.20.20.20.1
Income tax $B0.10.10.10.00.00.00.00.0
Net income $B0.20.20.20.10.00.00.00.0
Free cash flow $B0.30.20.20.00.20.10.10.1
EPS, diluted $1.681.861.230.880.700.600.000.00
Dividend / sh $········
Payout %········
ROE %······0.00.0
Shares out B0.120.130.13·····

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 36 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 59 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityFood and Kindred Products
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsSeptember 30
Data on record since2018

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