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Bellring Brands, Inc. (BRBR) stock

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NYSE: BRBR NYSE Personal Care Products Next results ~November 18, 2026

C Fundamentals grade

Bellring Brands, Inc. is a US-listed company in the personal care products industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($40.49) is 4.27x the share price ($9.48); a gap this wide almost always means a data problem.

Price vs value

Under review: our cash-flow value ($40.49) is 4.27x the share price ($9.48); a gap this wide almost always means a data problem. We'll show the comparison once resolved.

Bellring Brands, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 2 selling3 purchases and 2 sales by directors and officers, last 12 monthsInsider trades
  • Funds200 adding, 222 cuttingOf 65 active managers that changed their stake, 36 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Bellring Brands files

Where Bellring Brands stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.35bn, up 5.9% on a year earlier, slower than the 6.4% growth a quarter earlier. Free-cash-flow margin rose to 9.6% from 5.7% a year earlier. Operating margin narrowed to 13.3% from 16.5%. The diluted share count is down 7.9% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 5 financial-health checks.

Our model value for Bellring Brands is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 18, 2026 (estimated)

Bellring Brands, Inc.'s trailing-twelve-month revenue grew 5.9% year on year, with a free-cash-flow margin of 9.6%. Where it stands out: change in share count of -7.9% ranks 2 of 19 personal care products companies we cover. Where it lags: gross margin of 28.6% ranks 21 of 21 personal care products companies we cover.

Our discounted-cash-flow model values the business at ~$40 per share in the base case (~$28–$57 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 77.6% while net income fell 24.9%: a 103pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 7.9% in a year, so each share owns more of the business.

Things to watch

  • Results due soon. Results are expected around 17 November; the share price can move sharply on the day.
  • Margins narrowing. Operating margin is down 3.3 points on a year ago.
  • Volatile shares. Over the past year the shares showed annualised volatility of 71% and a beta of -0.0 against the S&P 500.
  • Gross margin slipping. Gross margin is down 6.8 points on a year ago.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 107.9% ranks 13 of 13 personal care products companies we cover (median 29.7%).
  • Heavily shorted. 12.1% of the shares available to trade are sold short (3.0 days of average volume to cover).

Latest results: FY2026 Q3

Filed August 4, 2026
Earnings per share
$0.30 against an average estimate of $0.37: missed by 18.5%
Revenue
$570m, up 4.2% on a year earlier
Share reaction
-2.6% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Guidance given
net Sales $2.34bn to $2.38bn (Fiscal Year 2026); net Sales Growth growth 1% to 3% (Fiscal Year 2026)
Next report
November 18, 2026; average EPS estimate $0.23

Bellring Brands' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.1%
  • 1 week-1.2%
  • 1 month+27.2%
  • This year-64.6%
  • 1 year-68.6%
  • 5 years-63.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.4B
Operating margin
13.3%
Net margin
7.3%
EPS (TTM, diluted)
$1.43

Growth

Revenue growth
+5.9%
Change in growth rate
−0.5 pts
Share count change
−7.9%

Cash

Free cash flow (TTM)
$225M
FCF margin
9.6%
Stock pay % of revenue
1.0%

Earnings

Last results
August 4, 2026
Next results (est.)
November 17, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance
  3. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Bellring Brands, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($40.49) is 4.27x the share price ($9.48); a gap this wide almost always means a data problem.

Our value per share comes from a discounted-cash-flow model of Bellring Brands, Inc.'s free cash flow after stock-based pay ( $249M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Bellring Brands, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 7.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.61 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$40 ~$28–$57 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$26 ~$20–$34 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Bellring Brands, Inc. with Personal Care Products in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 202020212022202320242025Now
Share price$20.74$30.75$20.61$41.23$60.72$36.35$9.45
Market value$819m$1.2bn$1.9bn$5.5bn$8.0bn$4.7bn$1.1bn
+ Net debt (− = net cash)$655m$457m$903m$817m$769m$1.0bn$1.1bn
Enterprise value$1.5bn$1.7bn$2.8bn$6.3bn$8.8bn$5.7bn$2.2bn
Multiples
Price / sales 0.8x1.0x1.4x3.3x4.0x2.0x0.5x
Price / earnings 34.9x44.2x23.5x33.4x32.6x21.6x6.6x
Price / free cash flow 8.6x5.4x100.7x25.9x40.6x18.3x5.0x
EV / EBITDA 7.8x7.6x12.1x20.1x20.8x15.1x6.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

70 /100

Strong moat

How hard Bellring Brands's competitive advantage looks for rivals to wear away, judged from 7 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 16.3% of total assets over 7 years.

  • Pricing power 11 / 20

    Gross margin has been a median 31.9%, moving by 2.5 percentage points (standard deviation) across 7 years.

  • Durability 15 / 20

    Operating margin has been a median 16.4%; its worst year was 13.3%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 7 of 7 years, at a median 8.8% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (75 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 18, 2026, before the open. Analysts expect revenue of $656m and EPS of $0.23 (range $0.19 to $0.28) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.04 −52% $2.4bn +2%
Next $1.31 +25% $2.4bn +1%

Next year's EPS estimate has moved −3.4% in 90 days, across 14 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −16.5% on 90 days ago. In the last 30 days, 0 analysts raised Bellring Brands, Inc.'s forecast and 13 cut it.

Consensus EPS forecast Bellring Brands, Inc., last 90 days
$1.00 $1.10 $1.20 $1.30 $1.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.25 Current fiscal year, 60 days ago: $1.04 Current fiscal year, 30 days ago: $1.04 Current fiscal year, 7 days ago: $1.05 Current fiscal year, Now: $1.04 $1.04 Next fiscal year, 90 days ago: $1.36 Next fiscal year, 60 days ago: $1.32 Next fiscal year, 30 days ago: $1.32 Next fiscal year, 7 days ago: $1.32 Next fiscal year, Now: $1.31 $1.31

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.25$1.36
60 days ago $1.04$1.32
30 days ago $1.04$1.32
7 days ago $1.05$1.32
Now $1.04$1.31

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.37 $0.30 −18.5%
Mar 2026 $0.31 $0.14 −55.3%
Dec 2025 $0.32 $0.37 +16.7%
Sept 2025 $0.55 $0.51 −6.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 4, 2026
  • Net Sales Fiscal Year 2026 $2.335bn to $2.375bn
    “Net Sales $2.335-$2.375 billion” source
  • Net Sales Growth Fiscal Year 2026 1% growth to 3% growth
    “Net Sales Growth 1% to 3%” source
  • Adjusted EBITDA Fiscal Year 2026 $275m to $295m Non-GAAP
    “Adjusted EBITDA $275-$295 million” source
  • Adjusted EBITDA as a percentage of Net Sales Fiscal Year 2026 about 12% Non-GAAP
    “Adjusted EBITDA as a percentage of Net Sales Approximately 12%” source
  • Capital Expenditures Fiscal Year 2026 about $10m
    “Capital Expenditures $10 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Bellring Brands, Inc.'s revenue by +3.2% next year and +6.8% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+0.9%, weight 56%) , management guidance (+0.5%, weight 19%) and the company's own record (+10.1%, weight 25%) . How the weights are set.

Analyst recommendations

15 analysts, Nov 2026
Buy960%
Hold533%
Sell17%

Monthly trend

  1. Nov 202636515
  2. Oct 2026265114
  3. Sep 2026265114

Counts of recommendations published by analysts covering Bellring Brands, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
12.1%
of tradable shares
Days to cover
2.99
at average volume
Short interest, 1 month
−5%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.6%
of shares
Employees
530
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −68.6%

$30.13 on October 31, 2025 to $9.45

ThenNowEffect
Revenue (last 12 months) $2.2bn $2.4bn +5.9%
Net margin 10.3% 7.3% −29.1%
P/E multiple 17.2x 6.6x −61.5%
Share count 130m 120m +8.6%

Biggest factor: p/e multiple.

Last 3 years −79.1%

$45.30 on November 3, 2023 to $9.45

ThenNowEffect
Revenue (last 12 months) $1.6bn $2.4bn +49.7%
Net margin 9.7% 7.3% −25.2%
P/E multiple 40.0x 6.6x −83.5%
Share count 135m 120m +12.8%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
BRBR+17%−10%+116%+36%−65%−65%
Industry peers (median)+32%−33%+3%−11%−34%+1%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
BRBR58%42%75%58%33%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
BRBR−37%−29%−9%−20%−68%−74%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 18, 2019: 91% from January 30, 2025 to October 1, 2026. Getting back needed a 973% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$7.40 – $33.30
From 52-week high
−71.6%
vs 50-day average
+3.6%
vs 200-day average
−28.7%
Volatility (1 year)
71%
Beta vs S&P 500
-0.04

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±11.6%
After a week
6 up, 6 down
typical move ±15.6%
After a month
6 up, 6 down
typical move ±17.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 −2.6% +1.6% −10.8% −17.2%
May 5, 2026 −36.1% +2.2% −45.4% −49.9%
February 3, 2026 −13.4% −1.3% −25.5% −30.4%
November 18, 2025 +14.2% −0.5% +18.5% +14.3%
August 4, 2025 −33.1% +1.0% −28.2% −22.6%
May 6, 2025 −20.0% −0.4% −18.9% −21.4%
February 3, 2025 −3.1% 0.0% −2.4% −6.2%
November 18, 2024 +1.6% +0.8% +6.8% +4.7%
August 5, 2024 +6.2% −2.0% +9.2% +13.2%
May 6, 2024 +1.8% +1.1% +3.8% +6.3%
February 5, 2024 0.0% −0.1% +5.3% +6.1%
November 20, 2023 +7.2% +0.6% +12.2% +21.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Bellring Brands, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Bellring Brands, Inc.
$1.6B $1.8B $2B $2.2B $2.4B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $1.7B Revenue (TTM), FY24 Q1: $1.7B Revenue (TTM), FY24 Q2: $1.8B Revenue (TTM), FY24 Q3: $1.9B Revenue (TTM), FY24 Q4: $2B Revenue (TTM), FY25 Q1: $2.1B Revenue (TTM), FY25 Q2: $2.2B Revenue (TTM), FY25 Q3: $2.2B Revenue (TTM), FY25 Q4: $2.3B Revenue (TTM), FY26 Q1: $2.3B Revenue (TTM), FY26 Q2: $2.3B Revenue (TTM), FY26 Q3: $2.4B $2.4B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $1.7B
FY24 Q1 $1.7B
FY24 Q2 $1.8B
FY24 Q3 $1.9B
FY24 Q4 $2B
FY25 Q1 $2.1B
FY25 Q2 $2.2B
FY25 Q3 $2.2B
FY25 Q4 $2.3B
FY26 Q1 $2.3B
FY26 Q2 $2.3B
FY26 Q3 $2.4B
Revenue growth, TTM YoY Bellring Brands, Inc.
0% 10% 20% 30% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 21.5% Revenue growth, TTM YoY, FY24 Q1: 21.5% Revenue growth, TTM YoY, FY24 Q2: 23.1% Revenue growth, TTM YoY, FY24 Q3: 21.6% Revenue growth, TTM YoY, FY24 Q4: 19.8% Revenue growth, TTM YoY, FY25 Q1: 21.0% Revenue growth, TTM YoY, FY25 Q2: 18.9% Revenue growth, TTM YoY, FY25 Q3: 16.3% Revenue growth, TTM YoY, FY25 Q4: 16.1% Revenue growth, TTM YoY, FY26 Q1: 10.6% Revenue growth, TTM YoY, FY26 Q2: 6.4% Revenue growth, TTM YoY, FY26 Q3: 5.9% 5.9%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 21.5%
FY24 Q1 21.5%
FY24 Q2 23.1%
FY24 Q3 21.6%
FY24 Q4 19.8%
FY25 Q1 21.0%
FY25 Q2 18.9%
FY25 Q3 16.3%
FY25 Q4 16.1%
FY26 Q1 10.6%
FY26 Q2 6.4%
FY26 Q3 5.9%
Operating margin (TTM) Bellring Brands, Inc.
12% 14% 16% 18% 20% 22% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 17.2% Operating margin (TTM), FY24 Q1: 16.4% Operating margin (TTM), FY24 Q2: 17.3% Operating margin (TTM), FY24 Q3: 18.5% Operating margin (TTM), FY24 Q4: 19.4% Operating margin (TTM), FY25 Q1: 20.5% Operating margin (TTM), FY25 Q2: 19.8% Operating margin (TTM), FY25 Q3: 16.5% Operating margin (TTM), FY25 Q4: 15.4% Operating margin (TTM), FY26 Q1: 13.8% Operating margin (TTM), FY26 Q2: 12.5% Operating margin (TTM), FY26 Q3: 13.3% 13.3%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 17.2%
FY24 Q1 16.4%
FY24 Q2 17.3%
FY24 Q3 18.5%
FY24 Q4 19.4%
FY25 Q1 20.5%
FY25 Q2 19.8%
FY25 Q3 16.5%
FY25 Q4 15.4%
FY26 Q1 13.8%
FY26 Q2 12.5%
FY26 Q3 13.3%
FCF margin (TTM) Bellring Brands, Inc.
5% 10% 15% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 12.8% FCF margin (TTM), FY24 Q1: 14.5% FCF margin (TTM), FY24 Q2: 15.4% FCF margin (TTM), FY24 Q3: 12.7% FCF margin (TTM), FY24 Q4: 9.9% FCF margin (TTM), FY25 Q1: 6.0% FCF margin (TTM), FY25 Q2: 7.2% FCF margin (TTM), FY25 Q3: 5.7% FCF margin (TTM), FY25 Q4: 11.0% FCF margin (TTM), FY26 Q1: 10.6% FCF margin (TTM), FY26 Q2: 8.0% FCF margin (TTM), FY26 Q3: 9.6% 9.6%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 12.8%
FY24 Q1 14.5%
FY24 Q2 15.4%
FY24 Q3 12.7%
FY24 Q4 9.9%
FY25 Q1 6.0%
FY25 Q2 7.2%
FY25 Q3 5.7%
FY25 Q4 11.0%
FY26 Q1 10.6%
FY26 Q2 8.0%
FY26 Q3 9.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Bellring Brands took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $2.3B
  2. Cost of revenue $1.5B · 66.7%
  3. Gross profit $770M · 33.3%
  4. Research and development $16M · 0.7%
  5. Selling, general and admin $396M · 17.1%
  6. Operating income $357M · 15.4%
  7. Income tax $72.8M · 3.1%
  8. Interest and other $68.4M · 3.0%
  9. Net income $216M · 9.3%

Shares of revenue. Source: Bellring Brands's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2018 Sept 2018 2019 Sept 2019 2020 Sept 2020 2021 Sept 2021 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025 LTM Jun 2026
Income
Revenue 828 854 988 1,247 1,372 1,667 1,996 2,317 2,355
Gross profit 278 312 338 386 422 530 707 770 673
EBITDA 146 188 189 222 234 316 424 376 332
Operating income 120 163 164 168 212 287 388 357 312
Net income 0 0 24 28 82 166 247 216 171
Diluted EPS $0.00 $0.00 $0.60 $0.70 $0.88 $1.23 $1.86 $1.68 $1.43
Growth (year on year)
Revenue — +3.3% +15.7% +26.2% +10.0% +21.5% +19.8% +16.1% +5.9%
EBITDA — +28.9% +0.8% +17.1% +5.4% +35.0% +34.4% −11.4% −14.0%
Operating income — +35.6% +0.9% +2.4% +26.4% +35.3% +34.9% −7.8% −15.0%
Net income — — — +17.4% +198.2% +101.1% +48.9% −12.3% −24.9%
Diluted EPS — — — +16.7% +25.7% +39.8% +51.2% −9.7% −18.5%
Margins
Gross margin 33.6% 36.5% 34.2% 31.0% 30.8% 31.8% 35.4% 33.3% 28.6%
EBITDA margin 17.6% 22.0% 19.2% 17.8% 17.0% 18.9% 21.3% 16.2% 14.1%
Operating margin 14.5% 19.0% 16.6% 13.5% 15.5% 17.2% 19.4% 15.4% 13.3%
Net margin 0.0% 0.0% 2.4% 2.2% 6.0% 9.9% 12.3% 9.3% 7.3%
Free-cash-flow margin 16.5% 11.1% 9.6% 18.0% 1.4% 12.8% 9.9% 11.0% 9.6%
Cash flow
Cash from operations 141 98 97 226 21 216 200 261 234
Capital spending 5 3 2 2 2 2 2 5 9
Free cash flow 136 95 95 225 19 214 198 256 225
Stock-based pay 0 0 3 5 10 14 21 22 23
Free cash flow after stock pay 136 95 93 220 9 200 177 234 202
Balance sheet
Cash 11 6 49 153 36 48 71 72 50
Total debt 0 0 704 610 939 865 840 1,090 1,140
Net debt (negative = net cash) −11 −6 655 457 903 817 769 1,018 1,090
Diluted shares — — 40m 40m 94m 134m 132m 129m 120m
Returned to shareholders
Buybacks — — 0 0 43 126 147 475 344
Total returned — — 0 0 43 126 147 475 344

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 5 checks passed · June 30, 2026
What it owns · $1.1bn
Short-term assets $780mLonger-term assets $273m
What it owes, and who funded it · $1.5bn
Short-term liabilities $346mLonger-term liabilities $1.2bnShareholders' equity $-467m
  • Short-term assets cover short-term liabilities $780m of assets due within a year against $346m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $780m short-term assets against $1.2bn of longer-dated liabilities.
  • More cash than debt $50m of cash against $1.1bn of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $234m of operating cash flow against $1.1bn of debt.
  • Operating profit covers interest at least five times over Operating income of $312m against $74m of interest.

From Bellring Brands, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$344M
Returned to shareholders
153%
of free cash flow
Buybacks, last 3 fiscal years
$747M
Diluted share count
−7.9%
year over year
Total shareholder yield
31.2%
dividends 0.0% + buybacks 31.2% of market value
Sales & admin spending
14.6%
of revenue

Competitors: side by side with peers

Closest by revenue in personal care products
Last 12 months unless stated BRBR EPC ELF IPAR NUS HLF Median
Revenue, last 12 months $2.4bn $2.2bn $1.8bn $1.5bn $1.4bn $5.3bn $913m
Revenue growth, last 12 months 5.9% 11.6% 31.2% 2.9% −15.4% 6.4% 3.5%
Revenue growth, 3-year average 14.4% −0.2% 37.9% 7.4% −12.3% 1.6% −0.1%
Revenue growth, latest quarter 4.2% 1.7% 35.5% 2.1% −17.1% 6.0% 2.7%
Gross margin 28.6% 39.5% 74.4% 63.8% 69.2% 77.6% 69.2%
Operating margin 13.3% 0.8% 7.2% 17.3% −0.8% 9.6% 6.7%
Operating margin, 3-year average 16.1% 5.7% 10.4% 17.9% −2.8% 8.7% 5.5%
Net margin 7.3% −4.2% 3.4% 11.2% −15.7% 3.4% 3.4%
Cash from operations / revenue 9.9% 5.4% 16.9% 17.1% 3.7% 7.5% 9.9%
Free-cash-flow margin 9.6% 2.3% 15.9% 16.4% 0.8% 6.4% 9.6%
Free-cash-flow margin, 3-year average 9.3% −10.2% 9.8% 11.7% 3.4% 4.8% 6.0%
Stock pay / revenue 1.0% 0.9% 5.5% 0.1% 1.0% 0.8% 1.0%
Change in share count −7.9% −3.6% 3.0% −0.0% 0.1% 3.3% −0.0%

Median of all 21 companies we cover in personal care products. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

21 personal care products companies
Measure Company Peer median Rank
Revenue growth Growth 5.9% 3.5% 8 of 21
Change in growth rate Growth -0.5pp +0.7pp 14 of 21
Gross margin Profitability 28.6% 69.2% 21 of 21
Operating margin Profitability 13.3% 6.7% 6 of 21
Net margin Profitability 7.3% 3.4% 7 of 21
Free-cash-flow margin Cash generation 9.6% 9.6% 11 of 21
Stock pay as % of revenue Cash generation 1.0% 1.0% 9 of 18
Long-term debt as % of assets Balance sheet 107.9% 29.7% 13 of 13
Change in share count Balance sheet -7.9% -0.0% 2 of 19

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to September 30, 2025
Products and services
Line of business Revenue Share YoY
Shakesandotherbeverages $1.9B 81.7% ▲ 16.9%
Powders $367M 15.8% ▲ 12.2%
Other Products $57.2M 2.5% ▲ 12.8%

From Bellring Brands, Inc.'s 10-K filed November 18, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.7B
Institutions reporting
360
Shares held vs prior quarter
▲ 6.2%
Positions opened / closed
86 / 102

Top buyers and sellers, Q2 2026: 200 institutions bought and 222 sold ; the biggest buyer was Ameriprise Financial Inc (+5.6M shares) and the biggest seller William Blair Investment Management, LLC (−3.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $142M 10.9M 8.3% ▼ 3.0%
Vanguard Portfolio Management LLC $85.5M 6.6M 5.0% ▲ 11.9%
AQR Capital Management LLC $76.4M 6.1M 4.5% ▼ 28.9%
Ameriprise Financial Inc $75.5M 5.8M 4.4% ▲ 2492.3%
Yacktman Asset Management LP $68.1M 5.3M 4.0% ▲ 251.3%
Vanguard Capital Management LLC $67.9M 5.2M 4.0% ▲ 0.7%
Goldman Sachs Group Inc $67.2M 5.2M 3.9% ▲ 232.6%
Two Sigma Investments, LP $64.3M 5.0M 3.8% ▲ 52.0%
Millennium Management LLC $58.7M 4.5M 3.4% ▲ 341.6%
Citadel Advisors LLC $56.9M 4.4M 3.3% ▲ 44.1%
Morgan Stanley $45.7M 3.5M 2.7% ▲ 46.6%
D. E. Shaw & Co., Inc. $43.8M 3.4M 2.6% ▲ 89.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Bellring Brands, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $92,460 3 trades by 2 insiders, last 12 months Insider sales History → $131,724 2 trades by 2 insiders · 93% under pre-set plans
Net ▼ $39,264 net selling
Insider Date Trade Shares Price Value
Conway Shawn Director September 8, 2026 Buy 2,022 $9.89 $20,000
Finkelstein David Isaiah Director May 13, 2026 Buy 4,000 $9.24 $36,960
Finkelstein David Isaiah Director February 13, 2026 Buy 2,000 $17.75 $35,500
Cornille Douglas J CHIEF GROWTH OFFICER December 1, 2025 Sell pre-set plan 3,970 $30.93 $122,792
Rode Paul A CFO & TREASURER November 7, 2025 Sell 308 $29.00 $8,932

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 6 trades and filings

No trades in Bellring Brands, Inc. disclosed in the last 12 months; 6 earlier trades on record.

  • Cynthia Axne(D-IA 3):Sale (full), $1,001 - $15,000, traded June 15, 2022, filed July 2, 2022
  • Tom Malinowski(D-NJ 7):Purchase, $15,001 - $50,000, traded December 17, 2019, filed August 26, 2021
  • Tom Malinowski(D-NJ 7):Sale (full), $1,001 - $15,000, traded December 13, 2019, filed July 9, 2021

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 17, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 5, 2026
  • February 3, 2026
  • November 18, 2025
  • August 4, 2025
  • May 6, 2025

Recent SEC filings

Data status

When each part of this page on Bellring Brands, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Bellring Brands, Inc. in brief

What does Bellring Brands, Inc. do?
Bellring Brands, Inc. is a US-listed company in the personal care products industry. Its financial year ends in September.
What is Bellring Brands, Inc.'s stock ticker?
Bellring Brands, Inc. trades under the ticker BRBR on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Bellring Brands, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Bellring Brands, Inc. reported revenue of $2.4B, 5.9% higher than a year earlier, according to its SEC filings.
What is Bellring Brands, Inc.'s free cash flow?
Bellring Brands, Inc.'s free-cash-flow margin is 9.6% of revenue over the trailing twelve months, ranking 11 of the 21 personal care products companies we cover.
Who are Bellring Brands, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and AQR Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Bellring Brands, Inc. buying back stock, and does it pay a dividend?
Bellring Brands, Inc. spent $344M on share repurchases over the trailing twelve months, and its diluted share count fell 7.9% over the year.
What is Bellring Brands, Inc.'s market cap?
On November 2, 2026, Bellring Brands, Inc.'s market capitalisation was about $1.1B, with a price-to-earnings ratio of 6.6 and net debt of $1.1B. Market figures come from third-party market data and may be delayed.
Who are Bellring Brands, Inc.'s competitors?
In our Personal Care Products peer group, the companies closest to Bellring Brands, Inc. are Edgewell Personal Care Co, E.l.f. Beauty, Inc., Interparfums Inc, NU Skin Enterprises, Inc. and Herbalife LTD. The side-by-side comparison below sets their revenue, margins and growth against Bellring Brands, Inc.'s.
Are insiders buying or selling Bellring Brands, Inc. stock?
Over the last 12 months, Bellring Brands, Inc.'s directors and officers reported 3 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.
When is Bellring Brands, Inc.'s next earnings date?
Around November 18, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Bellring Brands, Inc. announces its own schedule.