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Primo Brands
(NYSE:PRMB)
Primo Brands (PRMB) vs. S&P 500 (SPY)
Primo Brands Business Overview & Revenue Model
Primo Brands Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 5.15B | 4.70B | 4.44B | 1.58B | 1.95B | Gross Profit |
| 1.62B | 1.35B | 994.20M | 891.00M | 1.11B | EBIT |
| 360.30M | 406.00M | 23.30M | 103.00M | -52.20M | EBITDA |
| 693.60M | 711.70M | 358.20M | 241.10M | 131.20M | Net Income Common Stockholders |
| -16.40M | 92.80M | -126.70M | -3.20M | -131.70M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 613.70M | 44.70M | 102.90M | 128.40M | 115.10M | Total Assets |
| 11.19B | 5.15B | 5.38B | 3.72B | 3.60B | Total Debt |
| 5.68B | 4.05B | 3.92B | 1.74B | 1.65B | Net Debt |
| 5.07B | 4.01B | 3.81B | 1.61B | 1.54B | Total Liabilities |
| 7.75B | 5.15B | 5.25B | 2.40B | 2.26B | Stockholders Equity |
| 3.44B | 2.70M | 134.60M | 1.32B | 1.35B |
| Cash Flow | Free Cash Flow | |||
| 272.90M | 103.20M | -228.40M | 135.70M | 52.90M | Operating Cash Flow |
| 463.80M | 320.90M | 108.30M | 256.90M | 176.20M | Investing Cash Flow |
| 474.40M | -217.60M | -319.40M | -240.90M | -178.00M | Financing Cash Flow |
| -362.90M | -162.30M | -147.70M | -800.00K | -91.10M |
Primo Brands Technical Analysis
Primo Brands Risk Analysis
Primo Brands Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $9.78B | 123.97 | 9.19% | ― | -5.98% | -65.57% | |
74 Outperform | $44.93B | 29.96 | 6.13% | 2.73% | 3.95% | -28.73% | |
74 Outperform | $4.84B | 15.44 | 17.12% | 3.22% | 1.54% | 4.48% | |
73 Outperform | $4.11B | 21.96 | 40.81% | ― | 0.34% | 9.48% | |
66 Neutral | $10.04B | 20.02 | 36.83% | 0.69% | 3.21% | 31.83% | |
64 Neutral | $8.66B | 14.63 | 4.98% | 174.64% | 3.54% | 3.46% | |
63 Neutral | $12.12B | 20.07 | -2.83% | 1.15% | 90.28% | -105.48% |
Primo Brands Earnings Call Summary
Primo Brands Corporate Events
On May 7, 2025, Primo Brands Corporation entered into a stock purchase agreement to repurchase 3,157,562 shares of its Class A common stock from affiliates of One Rock Capital Partners. The repurchase closed on May 12, 2025, concurrently with a secondary offering by the same affiliates, who sold 47,500,000 shares, garnering approximately $1.5 billion in proceeds. This strategic move, involving no direct sale of shares by Primo Brands, signifies a consolidation of its stock and potentially strengthens its market position by reducing the number of outstanding shares.
The most recent analyst rating on (PRMB) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on Primo Brands stock, see the PRMB Stock Forecast page.
Spark’s Take on PRMB Stock
According to Spark, TipRanks’ AI Analyst, PRMB is a Outperform.
Primo Brands’ strong revenue growth, efficient cash flow management, and positive earnings call outlook are significant strengths. However, profitability challenges, increased financial leverage, and valuation concerns weigh on the overall score, leading to a moderate outlook.
To see Spark’s full report on PRMB stock, click here.
On March 18, 2025, Joseph Rosenberg resigned from Primo Brands Corporation’s Board of Directors following a decrease in ownership of the company’s Class A common stock by ORCP Stockholders. His resignation, effective March 20, 2025, was not due to any disagreements with the company. Following his departure, the Board reduced its size to thirteen directors as requested by the Initial ORCP Stockholder.
On March 10, 2025, Primo Brands Corporation announced the pricing of a secondary offering of 51,750,000 shares of its Class A common stock, including an option for underwriters to purchase additional shares, at $29.50 per share. The offering, which closed on March 12, 2025, was conducted by a stockholder affiliated with One Rock Capital Partners, with Morgan Stanley and BofA Securities leading the underwriting. The company agreed to repurchase 4,000,000 shares from the underwriters, funded by cash on hand, while the selling stockholder received all net proceeds. This move is part of the company’s strategic financial operations, potentially impacting its market positioning and shareholder value.
On March 10, 2025, Primo Brands Corporation announced a secondary offering of 45,000,000 shares of its Class A common stock by a stockholder affiliated with One Rock Capital Partners. The company plans to repurchase 4,000,000 shares from the underwriters using cash on hand, with the offering subject to market conditions. This move could potentially impact the company’s stock price and market positioning.
On February 28, 2025, Primo Brands Corporation announced the completion of the final settlement of exchange offers for its subsidiaries’ senior notes. This settlement involved exchanging existing notes for new secured and unsecured notes, along with cash considerations. The move is part of a strategic financial restructuring to manage debt obligations, impacting the company’s financial stability and positioning in the market. The cancellation of a significant portion of existing notes and issuance of new ones reflects a substantial shift in the company’s debt structure, potentially affecting stakeholders and future financial strategies.
On February 25, 2025, Primo Brands Corporation announced the expiration of its private offers to exchange three series of outstanding senior notes for new notes and cash, which began on January 27, 2025. The final settlement for late tender notes is expected on February 28, 2025. This move is part of Primo Brands’ strategic financial management, aiming to optimize its debt structure and maintain competitive positioning in the market. The exchange offers were conducted under an exemption from registration requirements, reflecting the company’s proactive approach to managing its financial obligations and stakeholder interests.