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Primo Brands

PRMB

Primo Brands is a leading North American beverage company specializing in healthy hydration through a vertically integrated production and distribution network.

Market cap
$8.81B-19.3%

Earnings

Next report

Aug 6, 2026 (in a month)
Revenue estimate$1.8B
EPS estimate$0.35

Financials

Q1 2026

Income statement

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Revenue$1.6B+0.8%
Gross profit$464.9M-10.8%
Operating income$138.0M-9.9%
Net income$27.3M-4.9%
EPS (diluted)$0.07-12.5%

Balance sheet

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Cash & equivalents$288.2M-35.9%
Total debt$5.7B-1.5%
Total equity$3.0B-11.3%
Total assets$10.6B-3.6%

Cash flow

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Operating cash flow$103.8M+168%
CapEx$104.5M+68.5%
Free cash flow-$700.0K+97.0%

Valuation & ratios

Valuation

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Market cap$8.81B-48.8%
Enterprise value$14.23B-34.4%
P/E87.7×
P/S1.3×-1.7×

Profitability

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Gross margin29.4%-2.5pp
Operating margin6.2%
Net margin-1.3%-4.6pp
FCF margin4.9%+4.1pp

Returns & leverage

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Return on equity-1%-136pp
Debt / equity1.9×+0.2×
Current ratio-0.1×

Segments

By product

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Regional spring water$801.2M+0.9%
Purified water$511.2M-0.6%
Premium water$105.5M+42.8%
Other water$30.5M-12.4%

By segment

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Reportable Segment$1.6B+0.8%

Competitors

Profile

Primo Brands is a leading North American beverage company specializing in healthy hydration through a vertically integrated production and distribution network. The company provides a diverse portfolio of bottled water, flavored beverages, and water dispensers across retail, commercial, and residential channels. Its value proposition centers on responsibly sourced water, reusable packaging solutions, and a comprehensive delivery and refill infrastructure.

Competitive position

A leading North American branded beverage company with a vertically integrated network and a portfolio of billion-dollar water brands.

GeographiesUnited States, Canada
Customer segmentsResidential, Commercial, Retail, Healthcare, Hospitality
Business modelDirect-to-Consumer, B2B Distribution, Subscription-based delivery, Manufacturing, Retail
SuppliersSpring water sources, Packaging material suppliers (recycled plastic, aluminum, glass), Filtration technology providers, Dispenser manufacturers
CustomersBig-box retailers, Grocery stores, Residential households, Corporate offices, Healthcare facilities, Hospitality venues
Listed2024
CEOEric J. Foss
FilingsSEC EDGAR

Questions, answered.

What is Primo Brands's market cap?
Primo Brands (PRMB) has a market capitalization of $8.8B and trades on XNYS.
What is Primo Brands's revenue and profitability?
Primo Brands generated $6.7B in trailing twelve-month revenue with net income of $100.4M, representing a net margin of -1.3%. Gross margin stands at 29.4%, with free cash flow of $325.4M. These figures are based on the Q1 2026 filing.
Who are Primo Brands's competitors?
Primo Brands's key competitors include Keurig Dr Pepper Inc., PepsiCo, Inc., The Coca-Cola Company, and others. These companies compete in similar markets and product categories.
Who does Primo Brands partner with?
Primo Brands's notable partners include International Bottled Water Association.
What subsidiaries does Primo Brands have?
Primo Brands's subsidiaries include BlueTriton, Primo Water Corporation.
Where is Primo Brands headquartered?
Primo Brands is headquartered in United States of America. It has been publicly traded since 2024.