Primo Brands CorporationPRMB
NYSE•Consumer Defensive•Beverages - Non-Alcoholic
Primo Brands Corporation operates as a branded beverage company in North America. It offers bottle water solutions and water filtration services; and premium spring and sparkling water, purified water, self-service refill drinking water, flavored and enhanced beverages, water dispensers, and filtration equipment. The company has a portfolio of packaged branded beverages under the Poland Spring, Pure Life, Saratoga, Mountain Valley, Arrowhead, Deer Park, Ice Mountain, Ozarka, and Zephyrhills brands; purified brands, including Primo Water and Sparkletts; and flavored and enhanced brands, such as AC+ION and Splash Refresher. It distributes direct-to-consumer, retail, commercial and residential customers, and e-commerce and digital platforms. The company is based in Stamford, Connecticut.
Primo Brands Corporation (PRMB) reported trailing twelve months revenue of $6.68B as of March 2026, a Infinity% increase year-over-year. Quarterly revenue reached $1.63B, reflecting continued top-line momentum.
Primo Brands Corporation generated $58.70M in TTM net income, with quarterly EBITDA of $279.00M. The operating margin contracted from 9.5% to 8.5%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (8.5%) and net margin (1.7%) indicates moderate non-operating costs. Net margin has narrowed from 1.8% a year ago, reflecting increased costs or interest expense.
PRMB trades at a P/E of 146.8x (a premium multiple) and a P/S of 1.3x. The price-to-book ratio of 2.9x reflects a moderate premium to book value.
The company reported negative free cash flow of $-700,000, indicating cash consumption over the period. The balance sheet shows $10.59B in total assets with $5.08B in long-term debt against $2.96B in stockholders equity for a debt-to-equity ratio of 1.7. Data based on the most recent quarterly reports.
Competitive analysis based on 7 quarters of fundamental data
Operating margins are under pressure, averaging -28565.6%. The business may lack pricing power or face rising costs.'
ROE is positive at ~1.8% on average, adequate but below the threshold typically associated with wide moats.
Only 4 of the last 7 quarters had positive FCF — the business may require external capital to sustain operations.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 7 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
FCF consistently trails net income (avg -1.5x) — earnings may be inflated by non-cash items or aggressive accounting.
D/E ratio is 1.7 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 2 of the last 7 quarters — occasional cash consumption.
Shares outstanding increased 242385900.0% — significant dilution, likely from stock compensation or capital raises.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation