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Primo Brands (PRMB) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Primo Brands
NYSE•Consumer Defensive•Beverages - Non-Alcoholic
$20.75+0.19(0.01%)Market closed
Market Cap
$7.66B
P/E
76.4x
P/S
1.1x
P/B
2.6x

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 Tampa, Florida.

C

How this company scores

AverageMetricSide Score: 42/100

Strongest: Profitability (15/25); weakest: Cash & Earnings Quality (7/25).

Profitability15/25
Growth11/25
Balance Sheet & Red Flags9/25
Cash & Earnings Quality7/25
Strengths
Rising earningsProfit converts from growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 76.4x5y range 76.4x – 278.2x
P/E 76.4x · below its 5-quarter median

Currently below its 5-quarter median.

P/S · 1.1x5y range 0.8x – 1.3x
P/S 1.1x · near its 5-quarter median

Currently near its 5-quarter median.

P/B · 2.6x5y range 2.0x – 4.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -1.1x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume
Market Cap $7.66B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$6.74B
2Q
Q. Revenue
$1.80B
2Q
TTM EBITDA
$1.10B
11%
TTM Op. Income
$482.70M
23%
Q. Op. Income
$180.30M
2Q
TTM Net Income
$100.30M
151%
Q. Net Income
$69.20M
2Q
EPS
$0.19
2Q
Shares Out.
$362.84M
5Q
$6.74B in TTM revenue declined 20.6% YoY, reaching $1.80B last quarter. TTM EBITDA of $1.10B and TTM operating income of $482.70M show growth is flowing through to the bottom line. TTM net income of $100.30M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
30.5%
2Q
EBITDA Margin
18.0%
2Q
Op. Margin
10.0%
2Q
Net Margin
3.9%
2Q
Op. margin of 10.0% is up 3.5% YoY — cost efficiency is improving. Net margin at 3.9% and gross margin of 30.5% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
76.4x
73%
P/S Ratio
1.1x
3Q
P/B Ratio
2.6x
2Q
At 76.4x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 1.1x and P/B of 2.6x provide additional context. P/E sits above typical market levels while revenue growth is below 5%. Over the past year, P/E is down 73% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$10.64B
4%
Cash
$366.80M
11%
Long-Term Debt
$5.08B
1%
Book Value
$2.98B
8%
D/E Ratio
1.7
10%
Debt/EBITDA
15.8
2Q
With $10.64B in assets and $5.08B in long-term debt, D/E is 1.7and book value is $2.98B — moderate leverage. Over the past year, debt/equity is up 10% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$227.90M
47%
TTM Free Cash Flow
$366.70M
2Q
FCF Margin
5.4%
2Q
FCF / Net Income
3.7
63%
TTM FCF of $366.70M on $227.90M in operating cash flow. The FCF / Net Income ratio of 3.7x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.

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· near its 7-quarter median

Currently near its 7-quarter median.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Share Dilution

Red Flag

Shares outstanding increased 362841900.0% — significant dilution, likely from stock compensation or capital raises.