Primo Brands PRMB
NYSE · Beverages · $7.6B$22.15+5.38%Nov 5 close · Databento
PRMB Wire Story Reactions & EOD Technical StudyDaily closes (Databento EOD) pinned with every AlgoThesis Wire story (dot colour = next trading day close) and SEC filing
Nov 5, 2026CLOSE $22.151D +5.38%3M −5.78%SMA20 $19.82SMA50 $20.30RSI(14) 71.2
22.15
RSI (14, Wilder EOD) · 70 Overbought / 30 OversoldRSI 71.2
Data provided by Databento (end of day). Next close = the first close after a story against the close before it; official daily closes only, not a call, not advice.
The numbers
fiscal 2025, as filed with the SEC · 66-metric EOD snapshot via DatabentoMarket cap$7.6B
EV / True FCF49.0x
Revenue$6.7B +29.3%
True FCF (ex-SBC)$253.0M −3.4%
Rule of 4033.8%
ROIC3.1%
True FCF Yield3.3%
EPS, diluted$0.16 +328.6%
Modern Valuation (EOD)
Market Cap$7.6B
Enterprise Value$12.4B
EV / True FCF48.98
EV / FCF40.91
EV / Gross Profit6.13
EV / EBIT28.79
EV / Sales1.86
P / E (GAAP)126.73
P / FCF25.15
P / Oper. CF11.20
P / Book2.55
Owner & Cash Yields
True FCF Yield3.3%
FCF Yield4.0%
Owner Earn. Yield3.2%
Earnings Yield0.8%
Shareholder Yield+6.9%
Buyback Yield5.5%
Dividend Yield1.81%
Dividend / sh$0.40
Payout Ratio252%
FCF / sh$0.84
EPS (diluted)$0.16
Compounder & Returns
Rule of 4033.8%
ROIC3.1%
Cash ROIC (CROIC)3.9%
GP / Assets19.1%
ROE2.0%
ROA0.6%
Gross Margin30.3%
Oper. Margin6.5%
Net Margin0.9%
FCF Margin4.5%
True FCF Margin3.8%
Quality & Dilution
Cash Conversion504%
Accrual Ratio−5.8%
SBC % of FCF16.5%
SBC % of Rev0.7%
Reinvest. Rate56%
Sales Growth Y/Y+29.3%
Sales 3Y CAGR+14.5%
EPS Growth Y/Y+328.6%
FCF Growth Y/Y−3.4%
FCF 3Y CAGR—
Share Change Y/Y+54.7%
Balance Sheet & Scale
Revenue (FY)$6.7B
Gross Profit (FY)$2.0B
Oper. Income (FY)$430.4M
GAAP Net Income$60.1M
True FCF (ex-SBC)$253.0M
Cash & Equiv$376.9M
Total Debt$5.2B
Net Cash (Debt)$-4.8B
Net Cash % MCap−62.7%
Debt / FCF (yrs)17.0y
Current Ratio0.95361.55M sh
Price & Technicals (EOD)
Perf Week+13.76%
Perf Month+16.58%
Perf Quarter−6.02%
Perf Half Y−0.40%
Perf YTD+7.79%
SMA 20 Dist+11.75%$19.82
SMA 50 Dist+9.13%$20.30
SMA 100 Dist+0.19%$22.11
Window High−12.76%$25.39
Window Low+17.94%$18.78
RSI (14) · Vol71.233%v
Income Distribution & Cash Flow ConversionHow every dollar of PRMB revenue flows through cost of goods, operating expenses, taxes, GAAP net income, and dilution-adjusted free cash flow
Where Every $100 of Revenue Goes (FY2025)
Cost of Revenue (COGS)$4.6B ($69.7 / $100)
SG&A & Other OpEx$1.6B ($23.9 / $100)
Tax & Non-Operating$370.3M ($5.6 / $100)
Net Profit Kept$60.1M ($0.9 / $100)
Earnings Quality: GAAP Profit → True Owner Cash (FY2025)
GAAP Net Income$60.1M (0.9% margin)
Operating Cash Flow (OCF)$680.3M(10.2% of rev)
Less: Capital Expenditures−$377.4M(5.7% of rev)
Standard Free Cash Flow (FCF)$302.9M(4.5% margin)
Less: Stock-Based Comp (SBC)−$49.9M(16.5% of FCF)
True FCF (Owner Cash ex-SBC)$253.0M(3.8% of rev)
Revenue by fiscal year
Operating leverage — margins
GrossOperatingNet
| Line Item (USD) | FY2022 | FY2023 | FY2024 | FY2025 | YoY Δ | 3Y CAGR | Trend |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | $4.4B | $4.7B | $5.2B | $6.7B | +29.3% | +14.5% | |
| Cost of Revenue (COGS) | $3.4B | $3.3B | $3.5B | $4.6B | +31.5% | +10.4% | |
| Gross Profit | $994.2M | $1.4B | $1.6B | $2.0B | +24.6% | +26.7% | |
| Selling, General & Admin (SG&A) | $887.0M | $924.2M | $1.1B | $1.4B | +32.3% | +16.2% | |
| Total Operating Expenses | $970.9M | $946.0M | $1.3B | $1.6B | +26.0% | +17.9% | |
| Operating Income (EBIT) | $23.3M | $406.0M | $360.3M | $430.4M | +19.5% | +164.3% | |
| Interest Expense | $211.8M | $288.1M | $339.6M | $326.5M | −3.9% | +15.5% | |
| Income Tax Expense | $-53.1M | $25.1M | $33.3M | $64.6M | +94.0% | — | |
| GAAP Net Income | $-126.7M | $92.8M | $-16.4M | $60.1M | +466.5% | — | |
| Diluted EPS | $-0.74 | $0.29 | $-0.07 | $0.16 | +328.6% | — | |
| Diluted Shares | 218.3M | 218.3M | 242.3M | 374.9M | +54.7% | +19.8% | |
| Balance Sheet | |||||||
| Cash & Equivalents | $105.8M | $47.0M | $614.4M | $376.9M | −38.7% | +52.7% | |
| Inventory | $264.9M | $180.4M | $208.4M | $223.5M | +7.2% | −5.5% | |
| Total Current Assets | $1.5B | $698.0M | $1.5B | $1.2B | −20.4% | −7.3% | |
| Total Assets | $10.8B | $5.2B | $11.2B | $10.6B | −5.3% | −0.7% | |
| Total Current Liabilities | $1.4B | $782.8M | $1.4B | $1.3B | −9.1% | −2.4% | |
| Total Debt (Short + Long Term) | $5.2B | $3.5B | $5.1B | $5.2B | +0.9% | −0.1% | |
| Total Liabilities | $7.8B | $5.2B | $7.8B | $7.6B | −1.8% | −0.7% | |
| Stockholders' Equity | $134.6M | $2.7M | $3.4B | $3.0B | −13.1% | +181.2% | |
| Net Cash / (Net Debt) | $-5.1B | $-3.4B | $-4.5B | $-4.8B | −6.3% | — | |
| Invested Capital | $5.2B | $3.4B | $7.9B | $7.8B | −2.1% | +14.4% | |
| Cash Flow & Capital Allocation | |||||||
| Operating Cash Flow (OCF) | $108.3M | $320.9M | $463.8M | $680.3M | +46.7% | +84.5% | |
| Depreciation & Amortization (D&A) | $326.2M | $305.7M | $333.3M | $610.2M | +83.1% | +23.2% | |
| Stock-Based Compensation (SBC) | $1.8M | $1.3M | $8.7M | $49.9M | +473.6% | +202.7% | |
| Capital Expenditures (CapEx) | $258.5M | $203.6M | $150.2M | $377.4M | +151.3% | +13.4% | |
| Free Cash Flow (FCF) | $-150.2M | $117.3M | $313.6M | $302.9M | −3.4% | — | |
| True FCF (ex-SBC Owner Cash) | $-152.0M | $116.0M | $304.9M | $253.0M | −17.0% | — | |
| Share Repurchases (Buybacks) | $0 | $0 | $10.4M | $421.5M | +3952.9% | — | |
| Dividends Paid | $0 | $0 | $35.7M | $151.3M | +323.8% | — | |
Fundamentals, income distribution and multi-year statements from SEC EDGAR filings (public domain). Valuation multiples, performance and technicals computed from Databento 1D EOD closes. For information only, not investment advice.
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