Primo Brands Corp · Beverages

PRMB

Low riskNext report: Around Nov 5 (est.)

View price ↗

The short version

A profitable company with steady sales.

Going well

Profitable
Sales up 29% last year
Raised its dividend (2.0% yield)

Watch out for

Share count growing 19.7% a year (dilution)
2 offering filings in 6 months (may sell new shares)

Money moves

No insider buying or selling in the last 30 days
Institutions added 0.6% to their holdings in the quarter ending June 2026 (202 bought, 161 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$19.680.0% that day

Company value: $7.1B; Share price times all shares
Price vs profit (P/E): 72.9x; You pay about $73 for each $1 of yearly profit
Price vs sales: 1.1x; Company value is 1.1 times a year of sales
Dividend yield: 2.0%; Yearly dividend as a share of today's price
Cash vs value: 5%; Cash as a share of company value
Debt vs value: 71%; Debt as a share of company value

From PRMB's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 10 quarters, from SEC filings

Sales, Jun '26

$1.8B+3.8% vs a year earlier

Mar '24Tap a barJun '26

Last 12 months: $6.7B, up 12% from the 12 months before.

What the price assumes

Your guesses, our math

Move the sliders to your own view of PRMB. Starting points are the company's recent numbers.

Sales growth+12% a yearRecently: +12% a yearProfit margin1%Last 12 months: 1.5%P/E at the end40xToday: 72.9x. Many steady companies trade at 12x to 25xShare count change+10% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$11.9B

Profit in 5 years$119M

Price these guesses point to$8.14-59% vs $19.68 todayAbout -16% a year, before dividends

What today's price needs: with a 1% margin and a 40x P/E, sales would have to grow about 34% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

0/5Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.1.9%
MissDebt under half of equityNot relying on borrowed money.1.70x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.0.9%
MissShare count not growingNot diluting owners. Falling means buybacks.+71.7% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.30.3%

Revenue: $6.7B; +29.3% vs prior year
Total debt: $5.1B; 1.70x equity
Current ratio: 0.95x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: profitable every year, free cash flow positive. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 5

Revenue: $1.8B; +3.8% YoY
EPS: $0.19; vs $0.07
Op. margin: 10.0%; +3.5 pts
Gross margin: 30.5%; -0.8 pts
Free cash flow: $142.4M
Share count: -3.0%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 1.0
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady+0.6%

Institutions added 0.6% to their holdings. 202 bought, 161 sold.

Shares held by institutions399.2M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+19.7%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

1.7x · $5.2B debt

Shares outstandingLatest reported

362M

Earnings reports

Last 7

Next reportAround Nov 5 (est.)Estimated from the same quarter last year

Results filedAug 5
Results filedMay 7
Results filedFeb 26
Results filedNov 6, 2025
Results filedAug 7, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (active)Aug 10 · View filing ↗Activist Offering prospectusAug 7 · View filing ↗Offering 5%+ holder update (passive)Aug 6 · View filing ↗Big holder Offering prospectusAug 6 · View filing ↗Offering

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Stock awardSteven P StanbrookDirector

1,574 shares at $19.05 · $30K

+1% of holdings
Now owns 197,075 shares
Filed 2 days after trade

Sep 30Form 4 ↗

Leadership changeAug 20 · Form 8-K ↗

BoughtEric J FossExec. Chair and CEO, Director

84,000 shares at $23.80 avg ($23.80 to $24.30) · $2.0M

+17% of holdings
Now owns 573,806 shares
2 transactions
Filed 2 days after trade

Aug 10Form 4 ↗

Major agreementAug 10 · Form 8-K ↗

SoldTony W LeeDirector, 10% owner

20,410,340 shares at $24.37 · $497.4M

-18% of holdings
Now owns 95,800,466 shares
Not a pre-planned sale
Held See Footnote
Filed 3 days after trade

Aug 7Form 4 ↗

SoldORCP III DE TopCo GP, LLC10% owner

20,410,340 shares at $24.37 · $497.4M

-18% of holdings
Now owns 95,800,466 shares
Not a pre-planned sale
Held See Footnote
Filed 3 days after trade
Joint filing with 4 others

Aug 7Form 4 ↗

5%+ holder update (active)Aug 10 · Form SCHEDULE 13D/A ↗Offering prospectusAug 7 · Form 424B3 ↗FWPAug 6 · Form FWP ↗Offering prospectusAug 6 · Form 424B3 ↗5%+ holder update (passive)Aug 6 · Form SCHEDULE 13G/A ↗Earnings resultsAug 5 · Form 8-K ↗Quarterly reportAug 5 · Form 10-Q ↗Leadership changeJul 16 · Form 8-K ↗New insiderJul 16 · Form 3 ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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