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Primo Brands Corp (PRMB) stock

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NYSE: PRMB NYSE Beverages Next results ~November 5, 2026

Primo Brands Corp is a US-listed company in the beverages industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$29

Cash-flow model

Base case. Range ~$19–$43 across our lower- and higher-growth cases (6.5%–16.5% a year).

Price vs value

No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Primo Brands Corp 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.

  • Insiders4 buying, 2 selling7 purchases and 2 sales by directors and officers, last 12 monthsInsider trades
  • Funds200 adding, 162 cuttingOf 66 active managers that changed their stake, 35 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Primo Brands files

Where Primo Brands stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $6.74bn. Free-cash-flow margin held at 5.4%. The diluted share count is up 14.1% on a year earlier, which dilutes existing holders. It passes 1 of our 6 financial-health checks. Our cash-flow model value is $11.29 a share, against a share price of $20.23.

Source: 10-Q filed August 5, 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 5, 2026 (estimated)

Primo Brands Corp's trailing-twelve-month revenue grew 11.5% year on year, with a free-cash-flow margin of 5.4%.

Our discounted-cash-flow model values the business at ~$29 per share in the base case (~$19–$43 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth decelerating: TTM revenue growth slowed to 11.5% (-7.1pp vs the prior quarter), the 2nd consecutive quarterly slowdown.

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

Nothing in Primo Brands Corp's latest figures clears our strength thresholds.

Things to watch

  • Results due soon. Results are expected around 3 November; the share price can move sharply on the day.
  • Growth slowing. The growth rate is 7.1 points lower than a quarter earlier.
  • Share dilution. Diluted shares rose 14.1% in a year.
  • High earnings multiple. The shares trade at 76 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 50% and a beta of 0.8 against the S&P 500.
  • Gross margin slipping. Gross margin is down 2.3 points on a year ago.

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$0.37 against an average estimate of $0.33: beat by 10.6%
Revenue
$1.80bn, up 3.8% on a year earlier
Share reaction
+2.7% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Guidance given
net Sales Growth growth 2% to 4% (2026 Full Year Financial Outlook); adjusted EBITDA $1,465m to $1,515m (2026 Full Year Financial Outlook)
Next report
November 5, 2026; average EPS estimate $0.42

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

Price chart

  • 1 day+5.2%
  • 1 week+5.6%
  • 1 month+6.5%
  • This year+29.0%
  • 1 year-3.3%
  • 5 years+41.6%
  • S&P 500 this year+11.2%

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

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$6.7B
Operating margin
7.2%
Net margin
1.5%
EPS (TTM, diluted)
$0.27

Growth

Revenue growth
+11.5%
Change in growth rate
−7.1 pts
Share count change
+14.1%

Cash

Free cash flow (TTM)
$367M
FCF margin
5.4%
Stock pay % of revenue
0.7%

Earnings

Last results
August 5, 2026
Next results (est.)
November 3, 2026

News & updates

Updated October 31, 2026

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

  1. Leadership
  2. Agreement
  3. Insider trade
  4. Insider trade
  5. Insider trade
  6. Financing
  7. Results
  8. Guidance
  9. Dividend
  10. Leadership
  11. Announcement
  12. 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

Primo Brands Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Our value per share comes from a discounted-cash-flow model of Primo Brands Corp's free cash flow after stock-based pay ( $596M, FY2026 Q2 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.

Valuation models

We value Primo Brands Corp as an operating company, with every model that fits that kind of business. Cost of equity 7.5%: the 10-year Treasury yield (4.9%) plus a beta of 0.58 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. ~$29 ~$19–$43 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. ~$24 ~$22–$36 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$2.8 ~$1.4–$4.6 Left out: out of range vs price (0.13x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$1.0 ~$0.8–$1.1 Left out: out of range vs price (0.05x)
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$27 ~$24–$29 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Primo Brands Corp with Beverages 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.

What moves the value

  • Revenue growth 5 points lower ▼ −34%
  • Revenue growth 5 points higher ▲ +44%
  • Free-cash-flow margin 1 point lower ▼ −15%
  • Last year's free-cash-flow margin change, if it persists ▼ −4%
  • Discount rate 1 point higher ▼ −21%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $11$19$30$45$64$89
8.5% $5$11$19$30$44$61
10% $2$6$13$21$31$45

Valuation multiples over time Market data may be delayed

At fiscal year end 2022202320242025Now
Share price$14.01$13.88$29.78$16.10$20.77
Market value$3.1bn$3.0bn$7.2bn$6.0bn$7.6bn
+ Net debt (− = net cash)−$106m$3.5bn$4.5bn$4.9bn$4.8bn
Enterprise value$3.0bn$6.5bn$11.7bn$10.9bn$12.4bn
Multiples
Price / sales 0.7x0.6x1.4x0.9x1.1x
Price / earnings —32.6x—100.4x76.2x
Price / free cash flow —25.8x23.0x19.9x20.9x
EV / EBITDA 8.4x9.1x16.9x10.5x11.3x

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

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

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 5, 2026, before the open. Analysts expect revenue of $1.8bn and EPS of $0.42 (range $0.35 to $0.50) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.31 −1% $6.8bn +3%
Next $1.48 +13% $7.1bn +3%

Next year's EPS estimate has moved +0.1% in 90 days, across 12 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +2.3% on 90 days ago. In the last 30 days, 0 analysts raised Primo Brands Corp's forecast and 1 cut it.

Consensus EPS forecast Primo Brands Corp, last 90 days
$1.20 $1.30 $1.40 $1.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.28 Current fiscal year, 60 days ago: $1.31 Current fiscal year, 30 days ago: $1.31 Current fiscal year, 7 days ago: $1.30 Current fiscal year, Now: $1.31 $1.31 Next fiscal year, 90 days ago: $1.48 Next fiscal year, 60 days ago: $1.49 Next fiscal year, 30 days ago: $1.49 Next fiscal year, 7 days ago: $1.48 Next fiscal year, Now: $1.48 $1.48

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

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.28$1.48
60 days ago $1.31$1.49
30 days ago $1.31$1.49
7 days ago $1.30$1.48
Now $1.31$1.48

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.33 $0.37 +10.6%
Mar 2026 $0.24 $0.23 −5.1%
Dec 2025 $0.20 $0.26 +27.9%
Sept 2025 $0.36 $0.41 +13.4%

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

Management guidance

Earnings release, August 5, 2026
  • Net Sales Growth 2026 Full Year Financial Outlook 2% growth to 4% growth Non-GAAP Raised
    “Net Sales Growth 1% 3% 2% 4%” source
  • Adjusted EBITDA 2026 Full Year Financial Outlook $1,465m to $1,515m Non-GAAP Maintained
    “Adjusted EBITDA $1,465 $1,515 $1,465 $1,515” source
  • Base CAPEX 2026 Full Year Financial Outlook about 4%
    “Base CAPEX 4% of Net Sales 4% of Net Sales” source
  • Adjusted Free Cash Flow 2026 Full Year Financial Outlook $790m to $810m Non-GAAP
    “Adjusted Free Cash Flow $790 $810 $790 $810” 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 Primo Brands Corp's revenue by +5.8% next year and +8.7% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+3.1%, weight 68%) and the company's own record (+11.5%, weight 32%) . How the weights are set.

Analyst recommendations

12 analysts, Oct 2026
Buy1083%
Hold217%
Sell00%

Monthly trend

  1. Oct 202655212
  2. Sep 202655212
  3. Aug 202655212
  4. Jul 202655212

Counts of recommendations published by analysts covering Primo Brands Corp, 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
34.1%
of tradable shares
Days to cover
7.11
at average volume
Short interest, 1 month
+4%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.3%
of shares
Employees
12,000
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 −3.3%

$21.48 on October 31, 2025 to $20.77

ThenNowEffect
Revenue (last 12 months) $6.0bn $6.7bn +11.5%
P/S multiple 1.1x 1.1x −1.1%
Share count 323m 368m −12.4%

Biggest factor: share count. Loss-making at one end, so the split uses price/sales.

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
PRMB+14%−10%−1%+115%−46%+29%
Industry peers (median)+11%+1%−4%−13%−36%−15%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
PRMB58%25%42%83%42%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
PRMB−18%−31%−23%−11%−59%−26%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 59% from April 3, 2025 to November 7, 2025. Getting back needed a 145% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$14.14 – $25.26
From 52-week high
−17.8%
vs 50-day average
+1.8%
vs 200-day average
−2.3%
Volatility (1 year)
50%
Beta vs S&P 500
0.79

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
4 up, 3 down
typical move ±12.7%
After a week
4 up, 3 down
typical move ±10.2%
After a month
1 up, 6 down
typical move ±11.2%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 +2.7% −0.4% +2.7% −5.4%
May 7, 2026 +17.3% +0.5% +17.5% +17.7%
February 26, 2026 +15.5% −1.0% +11.4% −6.5%
November 6, 2025 −36.2% −1.0% −28.0% −31.3%
August 7, 2025 −10.3% +0.7% −7.0% −6.7%
May 8, 2025 −2.8% +0.6% −2.1% −9.7%
February 20, 2025 +3.8% −2.1% +2.6% −1.3%

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.

Fundamentals

Revenue (TTM) Primo Brands Corp
$5B $5.5B $6B $6.5B $7B FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 Revenue (TTM), FY24 Q4: $5.2B Revenue (TTM), FY25 Q1: $5.6B Revenue (TTM), FY25 Q2: $6B Revenue (TTM), FY25 Q3: $6.5B Revenue (TTM), FY25 Q4: $6.7B Revenue (TTM), FY26 Q1: $6.7B Revenue (TTM), FY26 Q2: $6.7B $6.7B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q4 $5.2B
FY25 Q1 $5.6B
FY25 Q2 $6B
FY25 Q3 $6.5B
FY25 Q4 $6.7B
FY26 Q1 $6.7B
FY26 Q2 $6.7B
Operating margin (TTM) Primo Brands Corp
5% 6% 7% 8% FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 Operating margin (TTM), FY24 Q4: 7.0% Operating margin (TTM), FY25 Q1: 6.9% Operating margin (TTM), FY25 Q2: 5.7% Operating margin (TTM), FY25 Q3: 5.1% Operating margin (TTM), FY25 Q4: 6.5% Operating margin (TTM), FY26 Q1: 6.2% Operating margin (TTM), FY26 Q2: 7.2% 7.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q4 7.0%
FY25 Q1 6.9%
FY25 Q2 5.7%
FY25 Q3 5.1%
FY25 Q4 6.5%
FY26 Q1 6.2%
FY26 Q2 7.2%
FCF margin (TTM) Primo Brands Corp
4% 4.5% 5% 5.5% 6% 6.5% FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 FCF margin (TTM), FY24 Q4: 6.1% FCF margin (TTM), FY25 Q1: 5.5% FCF margin (TTM), FY25 Q2: 5.7% FCF margin (TTM), FY25 Q3: 4.4% FCF margin (TTM), FY25 Q4: 4.5% FCF margin (TTM), FY26 Q1: 4.9% FCF margin (TTM), FY26 Q2: 5.4% 5.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q4 6.1%
FY25 Q1 5.5%
FY25 Q2 5.7%
FY25 Q3 4.4%
FY25 Q4 4.5%
FY26 Q1 4.9%
FY26 Q2 5.4%

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

  1. Revenue $6.7B
  2. Cost of revenue $4.6B · 69.7%
  3. Gross profit $2B · 30.3%
  4. Selling, general and admin $1.4B · 20.9%
  5. Other operating costs $199M · 3.0%
  6. Operating income $430M · 6.5%
  7. Income tax $64.6M · 1.0%
  8. Interest and other $306M · 4.6%
  9. Net income $60.1M · 0.9%

Shares of revenue. Source: Primo 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 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 4,441 4,699 5,153 6,664 6,743
Gross profit 994 1,352 1,622 2,020 1,972
EBITDA 350 712 694 1,041 1,102
Operating income 23 406 360 430 483
Net income −127 93 −16 60 100
Diluted EPS −$0.74 $0.29 −$0.07 $0.16 $0.27
Growth (year on year)
Revenue — +5.8% +9.7% +29.3% +11.5%
EBITDA — +103.6% −2.5% +50.0% +37.7%
Operating income — — −11.3% +19.5% +40.9%
Margins
Gross margin 22.4% 28.8% 31.5% 30.3% 29.2%
EBITDA margin 7.9% 15.1% 13.5% 15.6% 16.3%
Operating margin 0.5% 8.6% 7.0% 6.5% 7.2%
Net margin −2.9% 2.0% −0.3% 0.9% 1.5%
Free-cash-flow margin −3.4% 2.5% 6.1% 4.5% 5.4%
Cash flow
Cash from operations 108 321 464 680 818
Capital spending 259 204 150 377 452
Free cash flow −150 117 314 303 367
Stock-based pay 2 1 9 50 46
Free cash flow after stock pay −152 116 305 253 321
Balance sheet
Cash 106 45 614 377 367
Total debt 0 3,515 5,093 5,231 5,156
Net debt (negative = net cash) −106 3,470 4,479 4,855 4,790
Diluted shares 218m 218m 242m 375m 368m
Returned to shareholders
Dividends 0 0 36 151 163
Buybacks 0 0 10 422 248
Total returned 0 0 46 573 411

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

1 of 6 checks passed · June 30, 2026
What it owns · $10.6bn
Short-term assets $1.4bnLonger-term assets $9.2bn
What it owes, and who funded it · $10.6bn
Short-term liabilities $1.3bnLonger-term liabilities $6.3bnShareholders' equity $3.0bn
  • Short-term assets cover short-term liabilities $1.4bn of assets due within a year against $1.3bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.4bn short-term assets against $6.3bn of longer-dated liabilities.
  • More cash than debt $367m of cash against $5.2bn of debt.
  • Debt below 40% of shareholders' equity Debt is 173% of equity.
  • 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 $818m of operating cash flow against $5.2bn of debt.
  • Operating profit covers interest at least five times over Operating income of $483m against $322m of interest.

From Primo Brands Corp'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 Q2 TTM
Buybacks (TTM)
$248M
Dividends (TTM)
$163M
Returned to shareholders
112%
of free cash flow
Buybacks, last 3 fiscal years
$432M
Diluted share count
+14.1%
year over year
Total shareholder yield
5.5%
dividends 2.2% + buybacks 3.3% of market value
Dividend payout ratio
163%
of net income paid out
Sales & admin spending
20.3%
of revenue
Days sales outstanding
31 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in beverages
Last 12 months unless stated PRMB COKE MNST CELH ABEV KDP Median
Revenue, last 12 months $6.7bn $7.7bn $9.2bn $3.0bn $15.8bn $20.1bn $768m
Revenue growth, last 12 months 11.5% 10.7% 20.4% 82.9% −5.2% 27.5% 6.9%
Revenue growth, 3-year average — 5.7% 11.3% 47.4% — 11.3% 4.3%
Revenue growth, latest quarter 3.8% 10.6% 20.2% 10.6% — 75.6% 5.6%
Gross margin 29.2% 39.1% 55.5% 48.8% 51.4% 49.4% 41.0%
Operating margin 7.2% 13.0% 29.2% 5.3% 26.4% 16.2% −0.7%
Operating margin, 3-year average — 13.0% 27.8% 12.7% 28.1% 18.7% 11.9%
Net margin 1.5% 7.2% 23.1% 4.2% 17.6% 7.1% −1.5%
Cash from operations / revenue 12.1% 12.3% 24.3% 16.7% 27.7% 12.6% 12.1%
Free-cash-flow margin 5.4% 8.4% 22.8% 15.2% 22.5% 9.8% 8.4%
Free-cash-flow margin, 3-year average — 7.6% 22.6% 14.8% 24.9% 8.8% 8.8%
Stock pay / revenue 0.7% 0.0% 1.5% 1.1% 0.5% 1.3% 1.1%
Change in share count 14.1% 0.7% 0.5% 6.9% −0.8% 0.1% 0.0%

Median of all 27 companies we cover in beverages. 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.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Regional Spring Water $3.3B 49.8% ▲ 2.6%
Purified Water $2.1B 31.5% ▲ 55.9%
Other $763M 11.5% ▲ 128.7%
Premium Water $350M 5.3% ▲ 269.1%
Other Water $129M 1.9% ▼ 8.5%

From Primo Brands Corp's 10-K filed February 27, 2026, 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
$9.8B
Institutions reporting
379
Shares held vs prior quarter
▲ 0.6%
Positions opened / closed
70 / 38

Top buyers and sellers, Q2 2026: 200 institutions bought and 162 sold ; the biggest buyer was Apollo Management Holdings, L.P (+6.9M shares) and the biggest seller Point72 Asset Management, L.P (−4.7M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
One Rock Capital Partners, LLC $2.8B 116.2M 29.1% 0.0%
FMR LLC $611M 25.0M 6.3% ▼ 14.1%
Sachem Head Capital Management LP $435M 17.8M 4.5% ▲ 4.1%
Samlyn Capital, LLC $404M 16.5M 4.1% ▼ 0.6%
Fuller & Thaler Asset Management, Inc. $320M 13.1M 3.3% ▼ 7.4%
Ameriprise Financial Inc $306M 12.5M 3.1% ▼ 14.3%
William Blair Investment Management, LLC $279M 11.4M 2.9% ▼ 12.5%
Vanguard Portfolio Management LLC $277M 11.3M 2.8% ▲ 0.3%
Blackrock, Inc. $275M 11.3M 2.8% ▼ 2.5%
Vanguard Capital Management LLC $263M 10.8M 2.7% 0.0%
Allspring Global Investments Holdings, LLC $173M 7.1M 1.8% ▲ 0.1%
Apollo Management Holdings, L.P. $168M 6.9M 1.7% New

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 Primo Brands Corp'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 → $5.2M 7 trades by 4 insiders, last 12 months Insider sales History → $995M 2 trades by 2 insiders · 0% under pre-set plans
Net ▼ $990M net selling
Insider Date Trade Shares Price Value
Foss Eric J Exec. Chair and CEO August 10, 2026 Buy 100 $24.30 $2,430
Foss Eric J Exec. Chair and CEO August 10, 2026 Buy 83,900 $23.80 $2M
Lee Tony W Director August 7, 2026 Sell 20,410,340 $24.37 $497M
Triton Water Parent Holdings, Lp 10% owner August 7, 2026 Sell 20,410,340 $24.37 $497M
Stanbrook Steven P Director November 13, 2025 Buy 54,540 $16.43 $896,092
Foss Eric J Exec. Chair and CEO November 12, 2025 Buy 4,970 $16.15 $80,266
Hass David W. Chief Financial Officer November 11, 2025 Buy 15,910 $15.71 $249,946
Foss Eric J Exec. Chair and CEO November 11, 2025 Buy 123,049 $15.52 $1.9M
Cramer Michael John Director November 10, 2025 Buy 5,000 $15.73 $78,650

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.

Earnings dates and SEC filings

Results announcements

Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 7, 2026
  • February 26, 2026
  • November 6, 2025
  • August 7, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on Primo Brands Corp 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.

Primo Brands Corp in brief

What does Primo Brands Corp do?
Primo Brands Corp is a US-listed company in the beverages industry. Its financial year ends in December.
What is Primo Brands Corp's stock ticker?
Primo Brands Corp trades under the ticker PRMB on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Primo Brands Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Primo Brands Corp reported revenue of $6.7B, 11.5% higher than a year earlier, according to its SEC filings.
What is Primo Brands Corp's free cash flow?
Primo Brands Corp's free-cash-flow margin is 5.4% of revenue over the trailing twelve months.
What is Primo Brands Corp's model value per share?
Our discounted-cash-flow model of Primo Brands Corp's free cash flow after stock-based pay gives ~$29 per share in the base case, and ~$19–$43 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation. No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.
Who are Primo Brands Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are One Rock Capital Partners, LLC, FMR LLC and Sachem Head Capital Management LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Primo Brands Corp buying back stock, and does it pay a dividend?
Primo Brands Corp spent $248M on share repurchases over the trailing twelve months, and its diluted share count still rose 14.1% over the year.
What is Primo Brands Corp's market cap?
On November 2, 2026, Primo Brands Corp's market capitalisation was about $7.6B, with a price-to-earnings ratio of 76.2 and net debt of $4.8B. Market figures come from third-party market data and may be delayed.
Does Primo Brands Corp pay a dividend?
Yes: Primo Brands Corp paid $163M in dividends over the trailing twelve months, a dividend yield of 2.17% and a payout ratio of 162.5%.
How much debt does Primo Brands Corp have?
Primo Brands Corp's debt-to-equity ratio is 173.0%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Primo Brands Corp's competitors?
In our Beverages peer group, the companies closest to Primo Brands Corp are Coca-cola Consolidated, Inc., Monster Beverage, Celsius Holdings, Inc., Ambev S.a. and Keurig Dr Pepper. The side-by-side comparison below sets their revenue, margins and growth against Primo Brands Corp's.
Are insiders buying or selling Primo Brands Corp stock?
Over the last 12 months, Primo Brands Corp's directors and officers reported 7 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.
When is Primo Brands Corp's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Primo Brands Corp announces its own schedule.