PRMB on NYSE
Primo Brands Corp
American beverages company based in Stamford, incorporated in Delaware.
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with Constellation Brands, Brown-Forman or Dr Pepper Snapple Group, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
30.3%Gross margin3
6.5%Operating margin3
0.9%Net margin3
29.3%Revenue growth, 20253
2.0%Return on equity3
1.70×Debt to equity3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Regional Spring Water brought in 50% of the revenue Primo Brands Corp broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Regional Spring Water | $3.1B | $3.2B | $3.3B |
| Purified Water | $1.1B | $1.3B | $2.1B |
| Product and Service, Other | $263.9M | $333.8M | $763.4M |
| Premium Water | $46.7M | $94.8M | $349.9M |
| Other Water | $108.4M | $140.7M | $128.8M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue70¢$4.6B
- Selling, general and admin21¢$1.4B
- Other costs8¢$505.1M
- Income tax1¢$64.6M
- Profit1¢$60.1M
Out of $6.7B in revenue.3
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net sales | $6.7B | $5.2B | $4.7B |
| Cost of sales | $4.6B | $3.5B | $3.3B |
| Gross profit | $2.0B | $1.6B | $1.4B |
| Selling, general and administrative expenses | $1.4B | $1.1B | $924.2M |
| Acquisition, integration and restructuring expenses | $167.5M | $204.1M | $16.9M |
| Intangible asset impairment | $35.6M | $0 | $0 |
| Other operating (income) expense, net | -$3.7M | $6.6M | $4.9M |
| Operating income | $430.4M | $360.3M | $406.0M |
| Other income, net | -$59.7M | $0 | $0 |
| Loss on modification and extinguishment of debt | $18.6M | $0 | $0 |
| Interest and financing expense, net | $326.5M | $339.6M | $288.1M |
| Income from continuing operations before income taxes | $145.0M | $20.7M | $117.9M |
| Provision for income taxes | $64.6M | $33.3M | $25.1M |
| Net income (loss) from continuing operations | $80.4M | -$12.6M | $92.8M |
| Net loss from discontinued operations, net of tax | -$20.3M | -$3.8M | $0 |
| Net income (loss) | $60.1M | -$16.4M | $92.8M |
| Dividend on preferred stock | $0 | $0 | $25.8M |
| Excess of redemption price over carrying value of preferred stock | $0 | $0 | $3.1M |
| Net income (loss) attributable to common stockholders | $60.1M | -$16.4M | $63.9M |
| Continuing operations (in dollars per share) | $0 | -$0 | $0 |
| Discontinued operations (in dollars per share) | -$0 | -$0 | $0 |
| Net income (loss) per common share (in dollars per share) | $0.16 | -$0.07 | $0.29 |
| Continuing operations (in dollars per share) | $0 | -$0 | $0 |
| Discontinued operations (in dollars per share) | -$0 | -$0 | $0 |
| Net income (loss) per common share (in dollars per share) | $0.16 | -$0.07 | $0.29 |
| Basic (in shares) | 373.5M shares | 242.3M shares | 218.3M shares |
| Diluted (in shares) | 374.9M shares | 242.3M shares | 218.3M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash, cash equivalents and restricted cash | $376.9M | $614.4M | $47.0M | |
| Trade receivables, net of allowance for expected credit losses of $20.5 and $4.7 as of December 31, 2025 and December 31, 2024, respectively | $431.8M | $444.0M | ||
| Inventories | $223.5M | $208.4M | ||
| Prepaid expenses and other current assets | $148.9M | $150.4M | ||
| Current assets held for sale | $36.7M | $111.8M | ||
| Total current assets | $1.2B | $1.5B | ||
| Property, plant and equipment, net | $2.2B | $2.1B | ||
| Operating lease right-of-use-assets, net | $539.3M | $628.7M | ||
| Goodwill | $3.6B | $3.6B | $817.4M | |
| Intangible assets, net | $3.0B | $3.2B | ||
| Other non-current assets | $85.6M | $70.1M | ||
| Non-current assets held for sale | $0 | $118.9M | ||
| Total assets | $10.6B | $11.2B | ||
| Current portion of long-term debt | $73.3M | $64.5M | ||
| Trade payables | $518.9M | $471.6M | ||
| Accruals and other current liabilities | $597.6M | $697.7M | ||
| Current portion of operating lease obligations | $92.9M | $95.5M | ||
| Current liabilities held for sale | $0 | $82.2M | ||
| Total current liabilities | $1.3B | $1.4B | ||
| Long-term debt, less current portion | $5.1B | $5.0B | ||
| Operating lease obligations, less current portion | $474.4M | $555.6M | ||
| Deferred income taxes | $691.5M | $738.7M | ||
| Other non-current liabilities | $77.0M | $49.8M | ||
| Non-current liabilities held for sale | $0 | $31.1M | ||
| Total liabilities | $7.6B | $7.8B | ||
| Common stock, $0.01 par value, 900,000,000 shares authorized, 363,940,940 and 379,792,996 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $3.7M | $3.8M | ||
| Additional paid-in capital | $5.0B | $5.0B | ||
| Accumulated deficit | -$2.0B | -$1.5B | ||
| Accumulated other comprehensive loss | -$13.9M | -$17.2M | ||
| Total stockholders' equity | $3.0B | $3.4B | $2.7M | $134.6M |
| Total liabilities and stockholders' equity | $10.6B | $11.2B | ||
| Trade receivables, credit losses | $20.5M | $4.7M | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 900.0M shares | 900.0M shares | ||
| Common stock, shares issued (in shares) | 363.9M shares | 379.8M shares | ||
| Common stock, shares outstanding (in shares) | 363.9M shares | 379.8M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash, cash equivalents and restricted cash | $376.9M | $614.4M | $47.0M | |
| Trade receivables, net of allowance for expected credit losses of $20.5 and $4.7 as of December 31, 2025 and December 31, 2024, respectively | $431.8M | $444.0M | ||
| Inventories | $223.5M | $208.4M | ||
| Prepaid expenses and other current assets | $148.9M | $150.4M | ||
| Current assets held for sale | $36.7M | $111.8M | ||
| Total current assets | $1.2B | $1.5B | ||
| Property, plant and equipment, net | $2.2B | $2.1B | ||
| Operating lease right-of-use-assets, net | $539.3M | $628.7M | ||
| Goodwill | $3.6B | $3.6B | $817.4M | |
| Intangible assets, net | $3.0B | $3.2B | ||
| Other non-current assets | $85.6M | $70.1M | ||
| Non-current assets held for sale | $0 | $118.9M | ||
| Total assets | $10.6B | $11.2B | ||
| Current portion of long-term debt | $73.3M | $64.5M | ||
| Trade payables | $518.9M | $471.6M | ||
| Accruals and other current liabilities | $597.6M | $697.7M | ||
| Current portion of operating lease obligations | $92.9M | $95.5M | ||
| Current liabilities held for sale | $0 | $82.2M | ||
| Total current liabilities | $1.3B | $1.4B | ||
| Long-term debt, less current portion | $5.1B | $5.0B | ||
| Operating lease obligations, less current portion | $474.4M | $555.6M | ||
| Deferred income taxes | $691.5M | $738.7M | ||
| Other non-current liabilities | $77.0M | $49.8M | ||
| Non-current liabilities held for sale | $0 | $31.1M | ||
| Total liabilities | $7.6B | $7.8B | ||
| Common stock, $0.01 par value, 900,000,000 shares authorized, 363,940,940 and 379,792,996 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $3.7M | $3.8M | ||
| Additional paid-in capital | $5.0B | $5.0B | ||
| Accumulated deficit | -$2.0B | -$1.5B | ||
| Accumulated other comprehensive loss | -$13.9M | -$17.2M | ||
| Total stockholders' equity | $3.0B | $3.4B | $2.7M | $134.6M |
| Total liabilities and stockholders' equity | $10.6B | $11.2B | ||
| Trade receivables, credit losses | $20.5M | $4.7M | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 900.0M shares | 900.0M shares | ||
| Common stock, shares issued (in shares) | 363.9M shares | 379.8M shares | ||
| Common stock, shares outstanding (in shares) | 363.9M shares | 379.8M shares |
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $60.1M | -$16.4M | $92.8M |
| Less: Net loss from discontinued operations, net of income taxes | -$20.3M | -$3.8M | $0 |
| Net income (loss) from continuing operations | $80.4M | -$12.6M | $92.8M |
| Depreciation and amortization | $610.2M | $333.3M | $305.7M |
| Amortization of debt discount and issuance costs | $29.8M | $18.4M | $13.5M |
| Stock-based compensation costs | $49.9M | $8.7M | $1.3M |
| Restructuring charges | $3.1M | $22.0M | $0 |
| Inventory obsolescence expense | $14.6M | $16.9M | $27.6M |
| Charge for expected credit losses | $45.9M | $12.6M | $14.1M |
| Deferred income taxes | -$46.2M | -$78.1M | -$40.5M |
| Intangible asset impairment | $35.6M | $0 | $0 |
| Proceeds from insurance settlements | -$47.3M | $0 | $0 |
| Other non-cash items | $18.5M | $16.1M | $14.2M |
| Trade receivables | -$30.9M | $83.6M | $51.3M |
| Inventories | -$33.5M | -$100.0K | $23.1M |
| Prepaid expenses and other current and non-current assets | $12.2M | -$33.5M | $1.8M |
| Trade payables and accruals and other current and non-current liabilities | -$62.0M | $76.5M | -$184.0M |
| Net cash provided by operating activities of continuing operations | $680.3M | $463.8M | $320.9M |
| Purchases of property, plant and equipment | -$377.4M | -$150.2M | -$203.6M |
| Purchases of intangible assets | -$57.0M | -$40.7M | -$14.1M |
| Cash acquired in the Transaction | $0 | $665.9M | $0 |
| Acquisitions, net of cash received | -$29.0M | $0 | $0 |
| Proceeds from sale of other assets | $56.9M | $0 | $0 |
| Purchases of investments | $0 | -$10.0M | -$3.0M |
| Proceeds from insurance settlements | $47.3M | $0 | $0 |
| Other investing activities | $21.3M | $3.6M | $3.1M |
| Net cash (used in) provided by investing activities of continuing operations | -$337.9M | $468.6M | -$217.6M |
| Proceeds from 2024 Incremental Term Loan, net of discount | $0 | $392.0M | $0 |
| Proceeds from borrowings from ABL Credit Facility | $0 | $25.0M | $175.0M |
| Repayment of borrowings from ABL Credit Facility | $0 | -$115.0M | -$85.0M |
| Repayment of Term Loans | -$31.0M | -$32.0M | -$28.0M |
| Proceeds from borrowings of other debt | $0 | $8.3M | $7.0M |
| Principal repayment of other debt | -$5.4M | -$3.5M | $0 |
| Principal payment of finance leases | -$34.5M | -$8.2M | -$1.1M |
| Financing fees | -$8.0M | -$5.1M | $0 |
| Issuance of common stock | $10.7M | $1.9M | $3.3M |
| Common stock repurchased and cancelled | -$421.5M | -$10.4M | $0 |
| Redemption of preferred stock | $0 | $0 | -$183.6M |
| Dividends paid on preferred stock | $0 | $0 | -$49.9M |
| Dividends paid to common stockholders | -$151.3M | -$35.7M | $0 |
| Dividends paid to Primo Water stockholders | $0 | -$131.5M | $0 |
| Dividends paid to Sponsor Stockholder | $0 | -$448.6M | $0 |
| Other financing activities | $9.0M | -$100.0K | $0 |
| Net cash used in financing activities of continuing operations | -$632.0M | -$362.9M | -$162.3M |
| Net cash provided by operating activities from discontinued operations | $7.1M | $3.4M | $0 |
| Net cash provided by investing activities from discontinued operations | $38.8M | $5.8M | $0 |
| Net cash used in financing activities from discontinued operations | -$2.2M | -$3.5M | $0 |
| Net cash provided by discontinuing operations | $43.7M | $5.7M | $0 |
| Effect of exchange rates on cash, cash equivalents and restricted cash | $2.1M | -$1.5M | $200.0K |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -$243.8M | $573.7M | -$58.8M |
| Purchases of property, plant and equipment and intangible assets included in trade payables and accruals and other current liabilities | $106.1M | $54.1M | $41.8M |
| Dividends payable issued through accounts payable and accrued liabilities | $1.2M | $300.0K | $0 |
| Cash paid for interest, net of interest capitalized | $303.1M | $320.2M | $274.3M |
| Cash paid for income taxes | $56.9M | $97.1M | $65.9M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Primo Brands Corp, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
Chief financial officer
Chief operating officer
2025
- Chief executive officerEric J. Foss Nov 10, 2025 to now7
- Chief executive officerRobbert Rietbroek Nov 13, 2024 to Nov 10, 20258
- ChairEric J. Foss Nov 10, 2025 to now7
- Chief financial officerDavid W. Hass Nov 13, 2024 to now9
- Chief operating officerRobert P. Austin Nov 13, 2024 to now10
Board members and other officers (19)
- Chief Administrative OfficerHih Song Kim Nov 13, 2024 to now11
- Chief Accounting OfficerJason R. Ausher Nov 13, 2024 to now12
- Gen. Counsel & Corp. SecretaryMarni Morgan Poe Nov 13, 2024 to now13
- Board memberMinsok Pak Jan 20, 2026 to now14
- Board memberAndrea C. Brimmer May 19, 2026 to now15
- Board memberSudhanshu Shekhar Priyadarshi Jul 16, 2026 to now16
- Board memberAllison Spector Nov 13, 2024 to Nov 13, 202417
- Board memberBilly D. Prim Nov 13, 2024 to now18
- Board memberBritta Bomhard Nov 13, 2024 to now19
- Board memberC. Dean Metropoulos Nov 13, 2024 to now20
- Board memberEric J. Foss Nov 13, 2024 to now21
- Board memberJeremy S. G. Fowden Nov 13, 2024 to now22
- Board memberKimberly D. Reed Nov 13, 2024 to Nov 13, 202423
- Board memberKurtis T. Barker Nov 13, 2024 to now24
- Board memberMichael John Cramer Nov 13, 2024 to now25
- Board memberRobbert Rietbroek Nov 13, 2024 to now8
- Board memberSteven P. Stanbrook Nov 13, 2024 to now26
- Board memberSusan E. Cates Nov 13, 2024 to now27
- Board memberTony W. Lee Nov 13, 2024 to now28
Timeline
Filings
227 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 33 major events, 114 insider forms, 18 large holders, 54 other. The latest 20:
- Oct 2, 20264 EDGAR
- Aug 20, 20268-K EDGAR
- Aug 12, 20264 EDGAR
- Aug 10, 2026SCHEDULE 13D/A EDGAR
- Aug 10, 20264 EDGAR
- Aug 10, 20264 EDGAR
- Aug 10, 20268-K EDGAR
- Aug 7, 2026424B3 EDGAR
- Aug 6, 2026424B3 EDGAR
- Aug 6, 2026FWP EDGAR
- Aug 6, 2026SCHEDULE 13G/A EDGAR
- Aug 5, 202610-Q EDGAR
- Aug 5, 20268-K EDGAR
- Jul 16, 20264 EDGAR
- Jul 16, 20263 EDGAR
- Jul 16, 20268-K EDGAR
- Jul 7, 20268-K EDGAR
- Jul 2, 20264 EDGAR
- May 19, 20264 EDGAR
- May 19, 20263 EDGAR
The 227 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 18 such filings since October 2021, the latest 10:
- Aug 10, 2026SCHEDULE 13D/A
- Aug 6, 2026SCHEDULE 13G/A
- May 6, 2026SCHEDULE 13G/A
- Mar 27, 2026SCHEDULE 13G/A
- Feb 17, 2026SCHEDULE 13G/A
- Feb 5, 2026SCHEDULE 13G/A
- Jan 30, 2026SCHEDULE 13G/A
- Dec 8, 2025SCHEDULE 13D/A
- Jun 18, 2025SCHEDULE 13G
- May 12, 2025SCHEDULE 13D/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| One Rock Capital Partners, LLC | 116,210,806 | $2.8B | 100.0% | No change |
| Fmr LLC | 25,017,739 | $611.4M | 0.0% | −4,120,981 |
| Sachem Head Capital Management LP | 17,795,000 | $434.9M | 9.0% | +700,000 |
| Samlyn Capital, LLC | 16,534,731 | $404.1M | 6.7% | −94,868 |
| Fuller & Thaler Asset Management, Inc. | 13,075,886 | $319.6M | 0.9% | −1,047,383 |
| Ameriprise Financial Inc | 12,526,760 | $306.2M | 0.1% | −2,098,248 |
| William Blair Investment Management, LLC | 11,426,823 | $279.3M | 0.8% | −1,629,369 |
| Vanguard Portfolio Management LLC | 11,334,024 | $277.0M | 0.0% | +28,299 |
| BlackRock, Inc. | 11,270,206 | $275.4M | 0.0% | −290,285 |
| Vanguard Capital Management LLC | 10,757,194 | $262.9M | 0.0% | +1,055 |
| Allspring Global Investments Holdings, LLC | 7,054,481 | $173.0M | 0.3% | +3,593 |
| Apollo Management Holdings, L.P. | 6,885,351 | $168.3M | 2.7% | New |
| Pertento Partners LLP | 6,316,237 | $154.4M | 11.1% | +1,016,219 |
| Bank Of America Corp /de/ | 5,715,644 | $139.7M | 0.0% | −351,707 |
| Deprince Race & Zollo Inc | 4,759,883 | $116.3M | 2.0% | +926,842 |
| Palestra Capital Management LLC | 4,604,145 | $112.5M | 3.8% | −4,445,733 |
| State Street Corp | 4,598,451 | $112.4M | 0.0% | +95,819 |
| Geode Capital Management, LLC | 4,235,146 | $103.5M | 0.0% | −67,736 |
| Goldman Sachs Group Inc | 3,870,335 | $94.6M | 0.0% | +2,063,713 |
| Point72 Asset Management, L.P. | 3,686,463 | $90.1M | 0.1% | −4,682,957 |
| M.D. Sass, LLC | 3,142,134 | $76.8M | 5.1% | −240,883 |
| Norges Bank | 3,001,538 | $73.4M | 0.0% | New |
| DME Capital Management, LP | 2,823,660 | $69.0M | 1.8% | New |
| Citadel Advisors LLC | 2,794,124 | $68.3M | 0.0% | +1,584,392 |
| Rubric Capital Management LP | 2,672,231 | $65.3M | 0.6% | −110,173 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
6 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Dec 18, 2025 | Markwayne Mullin, Senate | Sale | $1,001 - $15,000 | −2.7% | Report |
| Dec 18, 2025 | Markwayne Mullin, Senate | Sale | $1,001 - $15,000 | −2.7% | Report |
| Dec 17, 2025 | Markwayne Mullin, Senate | Sale | $1,001 - $15,000 | −1.3% | Report |
| Feb 3, 2025 | Markwayne Mullin, Senate | Buy | $1,001 - $15,000 | −71.4% | Report |
| Jan 2, 2025 | Markwayne Mullin, Senate | Buy | $15,001 - $50,000 | −70.8% | Report |
| Jan 2, 2025 | Markwayne Mullin, Senate | Buy | $15,001 - $50,000 | −70.8% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14SEC EDGARMinsok Pak, Board member
- 15SEC EDGARAndrea C. Brimmer, Board member
- 16
- 17SEC EDGARAllison Spector, Board member
- 18SEC EDGARBilly D. Prim, Board member
- 19SEC EDGARBritta Bomhard, Board member
- 20SEC EDGARC. Dean Metropoulos, Board member
- 21SEC EDGAREric J. Foss, Board member
- 22SEC EDGARJeremy S. G. Fowden, Board member
- 23SEC EDGARKimberly D. Reed, Board member
- 24SEC EDGARKurtis T. Barker, Board member
- 25SEC EDGARMichael John Cramer, Board member
- 26SEC EDGARSteven P. Stanbrook, Board member
- 27SEC EDGARSusan E. Cates, Board member
- 28SEC EDGARTony W. Lee, Board member
- 29