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Bellring Brands, Inc. key statistics and ratios

In fiscal 2025, Bellring Brands, Inc. had an operating margin of 15.4% and a current ratio of 2.35. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Fiscal year2018Sept 20182019Sept 20192020Sept 20202021Sept 20212022Sept 20222023Sept 20232024Sept 20242025Sept 2025LTMJun 2026
Gross margin33.6%36.5%34.2%31.0%30.8%31.8%35.4%33.3%28.6%
Operating margin14.5%19.0%16.6%13.5%15.5%17.2%19.4%15.4%13.3%
Net margin0.0%0.0%2.4%2.2%6.0%9.9%12.3%9.3%7.3%
Free-cash-flow margin16.5%11.1%9.6%18.0%1.4%12.8%9.9%11.0%9.6%
Return on equity0.0%0.0%———————
Return on assets—0.0%3.8%4.1%11.7%23.7%32.3%24.3%17.2%
Asset turnover—1.441.581.851.952.382.612.612.36
Current ratio—2.371.901.542.942.822.912.352.25
Debt to equity0.0%0.0%———————
Interest cover (operating income ÷ interest)——3.0x3.9x4.3x4.3x6.7x5.2x—
Effective tax rate19.8%24.2%8.4%7.1%20.3%24.9%25.2%25.2%26.4%
R&D as % of revenue1.0%0.9%1.0%0.9%0.8%0.7%0.7%0.7%—
SG&A as % of revenue16.3%14.9%15.4%13.4%13.8%13.0%14.3%17.1%14.6%
Capital spending as % of revenue0.6%0.4%0.2%0.1%0.1%0.1%0.1%0.2%0.4%
Free cash flow ÷ net income——404.7%813.4%23.3%129.2%80.2%118.4%131.3%
Dividends and buybacks ÷ free cash flow——0.0%0.0%222.9%58.7%74.1%185.6%153.0%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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.

Compare with peers

Head to head: BRBR vs EPCBRBR vs ELFBRBR vs IPARBRBR vs HLF

More: Personal Care Products stocks compared, Consumer Staples sector, rankings of US companies

Figures from Bellring Brands, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Bellring Brands, Inc.