Primo Brands Corp income statement
In fiscal 2025, Primo Brands Corp reported revenue of $6.66bn, up 29.3% on the year before, operating income of $430m (a 6.5% margin) and net income of $60.1m, or $0.16 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|
| Revenue | 4,441 | 4,699 | 5,153 | 6,664 | 6,743 |
| Cost of revenue | 3,447 | 3,347 | 3,531 | 4,644 | 4,771 |
| Gross profit | 994 | 1,352 | 1,622 | 2,020 | 1,972 |
| Selling, general and administrative | 887 | 924 | 1,051 | 1,390 | 1,366 |
| Operating income | 23 | 406 | 360 | 430 | 483 |
| Interest expense | 212 | 288 | 340 | 327 | 322 |
| Income before tax | −180 | 118 | 21 | 145 | 184 |
| Income tax | −53 | 25 | 33 | 65 | 72 |
| Net income | −127 | 93 | −16 | 60 | 100 |
| Diluted EPS | −$0.74 | $0.29 | −$0.07 | $0.16 | $0.27 |
| Diluted shares (average) | 218m | 218m | 242m | 375m | 368m |
| EBITDA | 350 | 712 | 694 | 1,041 | 1,102 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,305 | 1,397 | 1,614 | 1,730 | 1,766 | 1,554 | 1,626 | 1,796 |
| Cost of revenue | 889 | 967 | 1,093 | 1,189 | 1,238 | 1,124 | 1,161 | 1,248 |
| Gross profit | 416 | 430 | 521 | 541 | 528 | 430 | 465 | 549 |
| Selling, general and administrative | 240 | 336 | 328 | 379 | 343 | 341 | 337 | 346 |
| Operating income | 158 | −81 | 153 | 113 | 146 | 18 | 138 | 180 |
| Interest expense | 86 | 88 | 82 | 82 | 83 | 79 | 78 | 81 |
| Income before tax | 72 | −169 | 52 | 47 | 67 | −21 | 41 | 97 |
| Income tax | 19 | −15 | 18 | 16 | 26 | 4 | 14 | 28 |
| Net income | 53 | −158 | 29 | 28 | 17 | −13 | 27 | 69 |
| Diluted EPS | $0.24 | −$0.72 | $0.08 | $0.07 | $0.04 | −$0.03 | $0.07 | $0.19 |
| EBITDA | 235 | 25 | 282 | 258 | 310 | 191 | 279 | 323 |
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