Balance Sheet Primo Brands Corporation

Equities

PRMB

US7416231022

Non-Alcoholic Beverages

End-of-day quote Nyse Other stock markets 14/05/2026			5-day change	1st Jan Change
23.27 ^USD	-0.68%		+4.63%	+42.32%

05-08	Deutsche Bank Adjusts Primo Brands Price Target to $22 From $19, Maintains Hold Rating	MT
05-07	Tranche Update on Primo Brands Corporation's Equity Buyback Plan announced on August 7, 2025.	CI

177060d263d3a9884314a5e49.WBGOvvxMRXjJKd6e4aeg-5yeCPy6n-3TXAtUysSlBm0.IFn-z6YpDw6sY7fBkc6Xl6T5O6v0_qP-aj4-gPGTUSg6d_78hAIHHOROjw

Published financial data: PRIMO BRANDS CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	3.36B	4.44B	4.7B	5.15B	6.66B
Total Revenues	3.36B	4.44B	4.7B	5.15B	6.66B
Cost of Goods Sold, Total	2.66B	3.45B	3.35B	3.53B	4.56B
Gross Profit	695M	994M	1.35B	1.62B	2.11B
Selling General & Admin Expenses, Total	656M	887M	924M	1.05B	1.4B
Other Operating Expenses	-2.51M	100K	4.9M	6.6M	-1.9M
Other Operating Expenses, Total	653M	887M	929M	1.06B	1.39B
Operating Income	41.24M	107M	423M	564M	714M
Interest Expense, Total	-137M	-212M	-288M	-340M	-326M
Net Interest Expenses	-137M	-212M	-288M	-340M	-326M
Currency Exchange Gains (Loss)	-	-	-	-	1.8M
Other Non Operating Income (Expenses)	-	-	-	-	-1.1M
EBT, Excl. Unusual Items	-95.45M	-105M	135M	225M	388M
Merger & Related Restructuring Charges	-125M	-83.8M	-16.9M	-204M	-272M
Asset Writedown	-	-	-	-	-35.6M
Insurance Settlements	-	-	-	-	82.8M
Other Unusual Items	-	8.7M	-	-	-18.6M
EBT, Incl. Unusual Items	-220M	-180M	118M	20.7M	145M
Income Tax Expense	-44.95M	-53.1M	25.1M	33.3M	64.6M
Earnings From Continuing Operations	-175M	-127M	92.8M	-12.6M	80.4M
Earnings Of Discontinued Operations	-	-	-	-3.8M	-20.3M
Net Income to Company	-175M	-127M	92.8M	-16.4M	60.1M
Net Income - (IS)	-175M	-127M	92.8M	-16.4M	60.1M
Preferred Dividend and Other Adjustments	26.51M	33.8M	28.9M	-	-
Net Income to Common Incl Extra Items	-202M	-160M	63.9M	-16.4M	60.1M
Net Income to Common Excl. Extra Items	-202M	-160M	63.9M	-12.6M	80.4M
Per Share Items
Net EPS - Basic	-196.06	-156.01	62.1	-0.07	0.16
Basic EPS - Continuing Operations	-196.06	-156.01	62.1	-0.05	0.22
Basic Weighted Average Shares Outstanding	1.03M	1.03M	1.03M	242M	374M
Net EPS - Diluted	-196.06	-156.01	62.1	-0.07	0.16
Diluted EPS - Continuing Operations	-196.06	-156.01	62.1	-0.05	0.21
Diluted Weighted Average Shares Outstanding	1.03M	1.03M	1.03M	242M	374M
Normalized Basic EPS	-57.99	-63.61	81.87	0.58	0.65
Normalized Diluted EPS	-57.99	-63.61	81.87	0.58	0.65
Dividend Per Share	-	-	-	0.09	0.4
Payout Ratio	-474.03	-6.79	53.77	-3.75K	251.75
Supplemental Items
EBITDA	462M	433M	729M	898M	1.32B
EBITA	110M	172M	498M	648M	969M
EBIT	41.24M	107M	423M	564M	714M
EBITDAR	488M	558M	865M	1.03B	1.48B
Effective Tax Rate - (Ratio)	20.42	29.53	21.29	160.87	44.55
Current Domestic Taxes	3.6M	6.4M	65.6M	111M	111M
Current Foreign Taxes	-	-	-	-	-500K
Total Current Taxes	3.6M	6.4M	65.6M	111M	111M
Deferred Domestic Taxes	-45.82M	-55.8M	-36.3M	-69.9M	-46.4M
Deferred Foreign Taxes	-2.73M	-3.7M	-4.2M	-8.2M	200K
Total Deferred Taxes	-48.55M	-59.5M	-40.5M	-78.1M	-46.2M
Normalized Net Income	-59.66M	-65.44M	84.25M	140M	243M
Interest Capitalized	-	-	-	-	4.5M
Interest on Long-Term Debt	-	-	-	2.3M	8.4M
Supplemental Operating Expense Items
Net Rental Expense, Total	64.8M	125M	137M	136M	154M
Imputed Operating Lease Interest Expense	-	-	79.07M	75.64M	71.28M
Imputed Operating Lease Depreciation	-	-	57.63M	59.86M	82.22M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	49.9M
Total Stock-Based Compensation	-	-	-	-	49.9M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	-	103M	44.7M	614M	377M
Total Cash And Short Term Investments	-	103M	44.7M	614M	377M
Accounts Receivable, Total	-	463M	398M	444M	432M
Total Receivables	-	463M	398M	444M	432M
Inventory	-	231M	180M	208M	224M
Prepaid Expenses	-	68.5M	66.5M	127M	117M
Restricted Cash	-	2.9M	2.3M	700K	200K
Other Current Assets, Total	-	7.4M	6.6M	136M	68.7M
Total Current Assets	-	875M	698M	1.53B	1.22B
Gross Property Plant And Equipment	-	2.68B	2.93B	3.68B	4.01B
Accumulated Depreciation	-	-536M	-766M	-972M	-1.28B
Net Property Plant And Equipment	-	2.15B	2.16B	2.71B	2.72B
Long-term Investments	-	15M	15.4M	14.1M	14.1M
Goodwill	-	816M	817M	3.57B	3.58B
Other Intangibles, Total	-	1.49B	1.42B	3.19B	2.99B
Deferred Charges Long-Term	-	3.9M	2.7M	1.6M	3.3M
Other Long-Term Assets, Total	-	38.3M	38.9M	173M	68.2M
Total Assets	-	5.38B	5.15B	11.19B	10.6B
Liabilities
Accounts Payable, Total	-	590M	356M	472M	519M
Accrued Expenses, Total	-	138M	171M	234M	126M
Current Portion of Long-Term Debt	-	28M	30.1M	37.1M	36.4M
Current Portion of Leases	-	69.3M	75.6M	123M	130M
Current Income Taxes Payable	-	18.4M	17M	29.8M	53.4M
Unearned Revenue Current, Total	-	4M	3.2M	-	-
Other Current Liabilities	-	124M	130M	517M	418M
Total Current Liabilities	-	971M	783M	1.41B	1.28B
Long-Term Debt	-	3.36B	3.44B	4.89B	4.95B
Long-Term Leases	-	454M	506M	628M	608M
Pension & Other Post Retirement Benefits	-	11.6M	12M	11.1M	-
Deferred Tax Liability Non Current	-	438M	397M	739M	692M
Other Non Current Liabilities	-	9.8M	10.4M	69.8M	77M
Total Liabilities	-	5.25B	5.15B	7.75B	7.61B
Preferred Stock Redeemable	-	180M	-	-	-
Total Preferred Equity	-	180M	-	-	-
Common Stock, Total	-	-	-	3.8M	3.7M
Additional Paid In Capital	-	1.02B	1.02B	4.97B	5.02B
Retained Earnings	-	-1.06B	-1.01B	-1.51B	-2.01B
Comprehensive Income and Other	-	-11.7M	-7.5M	-17.2M	-13.9M
Total Common Equity	-	-45.9M	2.7M	3.44B	2.99B
Total Equity	-	135M	2.7M	3.44B	2.99B
Total Liabilities And Equity	-	5.38B	5.15B	11.19B	10.6B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.03M	1.03M	1.03M	380M	363M
ECS Total Common Shares Outstanding	1.03M	1.03M	1.03M	380M	364M
Book Value / Share	-	-44.61	2.62	9.07	8.22
Tangible Book Value	-	-2.35B	-2.23B	-3.32B	-3.58B
Tangible Book Value Per Share	-	-2.28K	-2.17K	-8.74	-9.84
Total Debt	-	3.92B	4.05B	5.68B	5.73B
Net Debt	-	3.81B	4.01B	5.07B	5.35B
Debt Equivalent Oper. Leases	-	998M	1.09B	1.08B	1.23B
Account Code - Inventory Valuation	-	-	6	6	6
Inventories - Raw Materials, Total	-	140M	123M	118M	131M
Inventories - Finished Goods, Total	-	91M	57.6M	90.6M	92.1M
Land - (BS)	-	76.4M	76.8M	162M	140M
Buildings, Total	-	414M	449M	489M	545M
Machinery, Total	-	1.38B	1.68B	2.24B	2.36B
Full Time Employees	-	-	-	-	12.6K
Accumulated Allowance for Doubtful Accounts (Supple)	-	3.7M	3.4M	4.7M	20.5M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-175M	-127M	92.8M	-16.4M	60.1M
Depreciation & Amortization - CF	351M	261M	231M	250M	355M
Amortization of Goodwill and Intangible Assets - (CF)	69.05M	65M	74.8M	83.3M	255M
Depreciation & Amortization, Total	420M	326M	306M	333M	610M
Amortization of Deferred Charges, Total - (CF)	10.91M	13.9M	13.5M	18.4M	29.8M
Asset Writedown & Restructuring Costs	-	3.7M	14.3M	29.1M	38.7M
Stock-Based Compensation (CF)	-	-	-	8.7M	49.9M
Provision and Write-off of Bad Debts	12.33M	18.4M	14.1M	12.6M	45.9M
Net Cash From Discontinued Operations	-	-	-	3.4M	7.1M
Other Operating Activities, Total	-29.24M	-24.9M	-11.7M	-48.4M	-40.1M
Change In Accounts Receivable	3.71M	-188M	51.3M	83.6M	-30.9M
Change In Inventories	-27.6M	-113M	23.1M	-100K	-33.5M
Change In Accounts Payable	-5.02M	212M	-228M	-23.4M	-62M
Change in Other Net Operating Assets	-75.71M	-13.5M	45.8M	66.4M	12.2M
Cash from Operations	135M	108M	321M	467M	687M
Capital Expenditure	-162M	-258M	-204M	-150M	-377M
Cash Acquisitions	-4.28B	-	-	666M	-29M
Sale (Purchase) of Intangible assets	-54.55M	-78.2M	-14.1M	-40.7M	-57M
Investment in Marketable and Equity Securities, Total	-18.55M	-1.2M	-3M	-10M	-
Other Investing Activities, Total	581M	18.5M	3.1M	9.4M	164M
Cash from Investing	-3.94B	-319M	-218M	474M	-299M
Long-Term Debt Issued, Total	3.46B	-	182M	425M	-
Total Debt Issued	3.78B	-	182M	425M	-
Long-Term Debt Repaid, Total	-13.6M	-75.1M	-114M	-159M	-70.9M
Total Debt Repaid	-14.84M	-75.1M	-114M	-159M	-70.9M
Issuance of Common Stock	1.11B	2.4M	3.3M	1.9M	10.7M
Repurchase of Common Stock	-	-	-	-10.4M	-422M
Issuance of Preferred Stock	268M	-	-	-	-
Repurchase of Preferred Stock	-	-66.4M	-184M	-	-
Common Dividends Paid	-804M	-	-	-616M	-151M
Preferred Dividends Paid	-26.51M	-8.6M	-49.9M	-	-
Common & Preferred Stock Dividends Paid	-831M	-8.6M	-49.9M	-616M	-151M
Other Financing Activities, Total	-	-	-	-8.7M	-1.2M
Cash from Financing	4.31B	-148M	-162M	-366M	-634M
Foreign Exchange Rate Adjustments	-655K	-200K	200K	-1.5M	2.1M
Miscellaneous Cash Flow Adjustments	-109K	-100K	-	-	-
Net Change in Cash	507M	-359M	-58.8M	574M	-244M
Supplemental Items
Cash Interest Paid	111M	198M	274M	320M	303M
Cash Income Tax Paid (Refund)	109K	13.9M	65.9M	97.1M	56.9M
Levered Free Cash Flow	-	-	108M	614M	437M
Unlevered Free Cash Flow	-	-	274M	808M	611M
Change In Net Working Capital	-	-	78M	-312M	60.8M
Net Debt Issued / Repaid	3.76B	-75.1M	67.9M	267M	-70.9M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-	-	5.02	4.32	4.09
Return on Total Capital	-	-	6.52	5.35	5
Return On Equity %	-	-	135.18	-0.73	2.5
Return on Common Equity	-	-	-295.83	-0.73	2.5
Margin Analysis
Gross Profit Margin %	20.7	22.39	28.77	31.47	31.63
SG&A Margin	19.54	19.97	19.67	20.39	20.95
EBITDA Margin %	13.75	9.76	15.51	17.42	19.87
EBITA Margin %	3.29	3.88	10.59	12.57	14.54
EBIT Margin %	1.23	2.41	9	10.95	10.71
Income From Continuing Operations Margin %	-5.22	-2.85	1.98	-0.24	1.21
Net Income Margin %	-5.22	-2.85	1.98	-0.32	0.9
Net Avail. For Common Margin %	-6.01	-3.61	1.36	-0.24	1.21
Normalized Net Income Margin	-1.78	-1.47	1.79	2.73	3.64
Levered Free Cash Flow Margin	-	-	2.29	11.91	6.56
Unlevered Free Cash Flow Margin	-	-	5.84	15.67	9.17
Asset Turnover
Asset Turnover	-	-	0.89	0.63	0.61
Fixed Assets Turnover	-	-	2.18	2.11	2.45
Receivables Turnover (Average Receivables)	-	-	10.92	12.25	15.22
Inventory Turnover (Average Inventory)	-	-	16.29	18.16	21.1
Short Term Liquidity
Current Ratio	-	0.9	0.89	1.08	0.95
Quick Ratio	-	0.58	0.56	0.75	0.63
Operating Cash Flow to Current Liabilities	-	0.11	0.41	0.33	0.54
Days Sales Outstanding (Average Receivables)	-	-	33.41	29.89	23.98
Days Outstanding Inventory (Average Inventory)	-	-	22.41	20.15	17.3
Average Days Payable Outstanding	-	-	52.39	42.58	39.55
Cash Conversion Cycle (Average Days)	-	-	3.44	7.46	1.74
Long Term Solvency
Total Debt/Equity	-	2.91K	150K	164.89	191.31
Total Debt / Total Capital	-	96.68	99.93	62.25	65.67
LT Debt/Equity	-	2.84K	146K	160.25	185.76
Long-Term Debt / Total Capital	-	94.27	97.33	60.49	63.77
Total Liabilities / Total Assets	-	97.5	99.95	69.23	71.78
EBIT / Interest Expense	0.3	0.51	1.47	1.66	2.19
EBITDA / Interest Expense	3.38	2.63	3	3.04	4.53
(EBITDA - Capex) / Interest Expense	2.19	1.41	2.3	2.6	3.37
Total Debt / EBITDA	-	7.02	4.69	5.5	3.87
Net Debt / EBITDA	-	6.83	4.63	4.9	3.62
Total Debt / (EBITDA - Capex)	-	13.07	6.13	6.43	5.2
Net Debt / (EBITDA - Capex)	-	12.73	6.06	5.74	4.86
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	32.31	5.8	9.66	29.34
Gross Profit, 1 Yr. Growth %	-	43.11	35.99	19.94	30
EBITDA, 1 Yr. Growth %	-	-6.15	68.15	23.21	38.73
EBITA, 1 Yr. Growth %	-	56.04	189.19	30.14	37.54
EBIT, 1 Yr. Growth %	-	159.72	294.86	33.46	14.94
Earnings From Cont. Operations, 1 Yr. Growth %	-	-27.68	-173.24	-113.58	-738.1
Net Income, 1 Yr. Growth %	-	-27.68	-173.24	-117.67	-466.46
Normalized Net Income, 1 Yr. Growth %	-	9.69	-228.75	66.77	39.54
Diluted EPS Before Extra, 1 Yr. Growth %	-	-20.43	-139.8	-117.93	-503.86
Accounts Receivable, 1 Yr. Growth %	-	-	-14.11	11.7	-2.75
Inventory, 1 Yr. Growth %	-	-	-21.77	15.52	7.25
Net Property, Plant and Equip., 1 Yr. Growth %	-	-	0.74	25.51	0.45
Total Assets, 1 Yr. Growth %	-	-	-4.25	117.21	-5.29
Tangible Book Value, 1 Yr. Growth %	-	-	-4.93	48.54	7.9
Common Equity, 1 Yr. Growth %	-	-	-105.88	127K	-13.11
Cash From Operations, 1 Yr. Growth %	-	-19.48	196.03	45.59	47.13
Capital Expenditures, 1 Yr. Growth %	-	59.68	-21.24	-26.23	151.26
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-	469.56	-33.59
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-	194.39	-28.25
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	344.44
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	18.31	7.71	19.09
Gross Profit, 2 Yr. CAGR %	-	-	39.51	27.71	24.87
EBITDA, 2 Yr. CAGR %	-	-	25.63	43.94	33.2
EBITA, 2 Yr. CAGR %	-	-	112.43	94	37.1
EBIT, 2 Yr. CAGR %	-	-	220.24	129.56	27.29
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-27.22	-68.46	-6.92
Net Income, 2 Yr. CAGR %	-	-	-27.22	-64.02	-19.52
Normalized Net Income, 2 Yr. CAGR %	-	-	18.84	46.53	59.5
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-43.72	-73.49	-14.9
Accounts Receivable, 2 Yr. CAGR %	-	-	-	-2.05	4.23
Inventory, 2 Yr. CAGR %	-	-	-	-4.94	11.31
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-	12.45	12.28
Total Assets, 2 Yr. CAGR %	-	-	-	44.21	43.43
Tangible Book Value, 2 Yr. CAGR %	-	-	-	18.83	26.6
Common Equity, 2 Yr. CAGR %	-	-	-	766.24	3.23K
Cash From Operations, 2 Yr. CAGR %	-	-	54.39	107.7	46.36
Capital Expenditures, 2 Yr. CAGR %	-	-	12.14	-23.77	36.15
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-	90.67
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-	45.99
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	15.36	14.48
Gross Profit, 3 Yr. CAGR %	-	-	-	32.65	28.47
EBITDA, 3 Yr. CAGR %	-	-	-	24.81	45.12
EBITA, 3 Yr. CAGR %	-	-	-	80.42	77.9
EBIT, 3 Yr. CAGR %	-	-	-	139.2	88.21
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	-58.41	-14.07
Net Income, 3 Yr. CAGR %	-	-	-	-54.6	-22.01
Normalized Net Income, 3 Yr. CAGR %	-	-	-	33.05	54.78
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-93.58	-34.29
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-	-2.28
Inventory, 3 Yr. CAGR %	-	-	-	-	-1.04
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	-	8.3
Total Assets, 3 Yr. CAGR %	-	-	-	-	25.36
Tangible Book Value, 3 Yr. CAGR %	-	-	-	-	15.07
Common Equity, 3 Yr. CAGR %	-	-	-	-	302.48
Cash From Operations, 3 Yr. CAGR %	-	-	-	51.4	85.15
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-2.47	13.44