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Primo Brands Corp key statistics and ratios

In fiscal 2025, Primo Brands Corp had return on equity of 1.9%, an operating margin of 6.5%, debt equal to 174.8% of equity and a current ratio of 0.95. 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 year2022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Gross margin22.4%28.8%31.5%30.3%29.2%
Operating margin0.5%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%
Return on equity−94.1%135.2%−1.0%1.9%3.4%
Return on assets—1.8%−0.2%0.6%0.9%
Asset turnover—0.910.630.610.63
Current ratio—0.891.080.951.05
Debt to equity0.0%>999%147.9%174.8%173.0%
Interest cover (operating income ÷ interest)0.1x1.4x1.1x1.3x1.5x
Effective tax rate—21.3%—44.6%39.2%
SG&A as % of revenue20.0%19.7%20.4%20.9%20.3%
Capital spending as % of revenue5.8%4.3%2.9%5.7%6.7%
Free cash flow ÷ net income—126.4%—504.0%365.6%
Dividends ÷ net income—0.0%—251.7%162.5%
Dividends and buybacks ÷ free cash flow—0.0%14.7%189.1%112.2%

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

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.

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.

Compare with peers

Head to head: COKE vs PRMBMNST vs PRMBCELH vs PRMB

More: Beverages stocks compared, Consumer Staples sector, rankings of US companies

Figures from Primo Brands Corp's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Primo Brands Corp.