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NYSE · BEVERAGES · LARGE CAP

Primo Brands Corp. PRMB

4 fiscal years on record · USD · FY2025 reported · SEC filings only
$6.7B
▲ 29.3% YoY
$60.1M
$302.9M
▼ 3.4% YoY

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

In brief

What this company does

The company distributes conveniently packaged branded beverages to retail outlets and provides bottled water solutions and water filtration services through direct-to-consumer offerings in North America. Its products consist primarily of premium spring and sparkling water, purified water, self-service refill drinking water, flavored and enhanced beverages, water dispensers, and filtration equipment. Primo Brands has dual headquarters in Tampa, Florida, and Stamford, Connecticut. As of December 31, 2025, the company had over 12,600 associates. Primo Brands operates a vertically integrated coast-to-coast network that distributes its brands to more than 200,000 retail outlets, as well as directly reaching customers and consumers through its Direct Delivery, Exchange and Refill offerings. Through Direct Delivery, Primo Brands delivers responsibly sourced hydration solutions direct to home and business customers. The company was organized as a Delaware corporation in 2024, initially under the name Triton US HoldCo, Inc. Triton US Holdco, Inc. was subsequently renamed Primo Brands Corporation.

Written from the business description in Primo Brands Corp's annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth

USD 6.7B
Revenue, FY2025 · full 4-year series below
Revenue $B Net income $B
FY2025 · Revenue 6.7 · Net income 0.1
2.5B5.0B
20222025
Compound annual growth
+14.5%
3 yrs
5 yrs
10 yrs
15 yrs

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

1 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 6.5% · Net 0.9%
5%-1%-2%
202220232025
ROE
FY2025 · ROE 1.9%
50%100%-50%
202220232025
Three returns, three denominators.

Each USD of equity produced 2 cents of profit this year.

Cash & shareholders

USD 562.1M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 302.9
150M300M-100M-200M
202220232025
Net buybacks $M Dividends $M
FY2025 · Dividends 151.3 · Net buybacks 410.8
200M400MDividendsNet buybacks
2022202320242025

USD 151.3M in dividends and USD 410.8M in buybacks — 935% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 10.6B
EquityUSD 3.0B
CashUSD 376.7M
Gross debtUSD 5.2B
Net debtUSD 4.8B
Current ratio0.95×

Net debt stands at 160% of equity.

The 4-year record

4 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—not applicable◌not available in our data
PRMB, 4-year financial record
Metric 2025202420232022
Revenue $B6.75.24.74.4
Operating income $B0.40.40.40.0
EBITDA $B1.00.70.70.3
Income tax $B0.10.00.0−0.1
Net income $B0.1−0.00.1−0.1
Free cash flow $B0.30.30.1−0.2
EPS, diluted $0.16−0.070.29−0.74
Dividend / sh $0.400.09◌◌
Payout %252−2180−0
ROE %1.9−1.0135.2−94.1
Shares out B0.360.380.00◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 18 reconciliationsAUDITED

Reconciled in 4 of the 4 fiscal years we could check. 32 checks were skipped: the balance sheet is not tagged before 2023. 15 checks were skipped: EPS is not tagged before 2022. 15 checks were skipped: revenue is not tagged before 2022.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityBeverages
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2022

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