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Sells bottled and spring water brands (Poland Spring, Deer Park, Primo) plus water dispensers and home/office delivery service.
Sells bottled and spring water brands (Poland Spring, Deer Park, Primo) plus water dispensers and home/office delivery service.
Formed in late 2024 by combining Primo Water with BlueTriton, which held Nestle's former North American water brands. Sells packaged water through grocery and club stores, and through recurring home and office delivery, where customers reorder refills regularly. A nationwide network of sources, plants and delivery fleets serves both.
Moat: narrow (brand, distribution, scale). Regional spring-water sourcing rights and an established dispenser/delivery network are moderately hard to replicate.
Headquarters: Tampa, Florida, US · Founded: 2025 · Employees: 12,600
Size Primo Brands (PRMB) is a United States Consumer Staples company (Beverages: Non-Alcoholic) with a market value of $8.10B, the 878th largest of 3,117 United States companies the cockpit tracks. Shares closed at $22.39 on 6 Nov 2026.
Performance Over six months the shares fell 3.6%, against +7.2% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 17 in its peer set.
Growth Revenue grew 28.4% over the last twelve months (peer median +10.2%); the operating margin is 10.4% (peer median 12.1%).
Valuation It trades at 16.2× forward earnings against a peer median of 17.2× (5th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +28%, so the hurdle is -19 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.5 points below its cost of capital (7.2% WACC).
Short interest Short interest is 8.5% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $6.74B | $6.66B | $5.15B | $4.70B | $1.69B |
| Revenue growth | — | +29% | +10% | +178% | — |
| Gross profit | $2.09B | $2.13B | $1.62B | $1.35B | $1.02B |
| EBITDA | $1.32B | $1.34B | $898M | $729M | $317M |
| Net income | $100M | $60.1M | -$16.4M | $92.8M | $29.6M |
| Free cash flow | $378M | $310M | $317M | $117M | $120M |
| Capital expenditure | $513M | $434M | $191M | $218M | $169M |
| Total debt | $5.70B | $5.73B | $5.68B | $4.05B | $1.62B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Primo Brands PRMB | $8.10B | -4% | +28% | 10% | 16.2× | 9.2% |
| Nestle NESN.SW | $266B | +11% | -2% | 16% | 19.0× | 1.3% |
| Coca-Cola Company (The) KO | $412B | +23% | +8% | 32% | 27.6× | 2.8% |
| PepsiCo PEP | $193B | -8% | +6% | 16% | 16.6× | -5.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PRMB | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.8% | +8.3% | 4th highest of 17 |
| 6-month return | -3.6% | +7.2% | 4th lowest of 17 |
| Distance from 52-week high | -14.6% | -8.8% | 7th lowest of 17 |
| Revenue growth (TTM) | +28.4% | +10.2% | 3rd highest of 17 |
| Operating margin | 10.4% | 12.1% | 7th lowest of 16 |
| Forward P/E | 16.2× | 17.2× | 5th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | 9.2% | -2.2% | 2nd most demanding of 15 |
| Growth delivered (Del g) | +27.8% | +9.1% | 3rd highest of 15 |
| Hurdle (Req g minus delivered) | -18.6 pp | -14.5 pp | 5th least demanding of 15 |
| ROIC minus cost of capital | -0.5 pp | +9.1 pp | 2nd lowest of 16 |
| EV / EBITDA | 10.2× | 8.8× | 8th cheapest of 15 |
| Net debt / EBITDA | 4.0× | 0.7× | 2nd most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Primo Brands PRMB | United States | $8.10B | -4% | +28% | 10% | 16.2× | 9.2% | +27.8% |
| Celsius CELH | United States | $8.14B | 0% | +83% | 19% | 22.7× | 7.6% | +80.7% |
| Suntory Beverage & Food 2587.T | Japan | $9.58B | +9% | +7% | 9% | 17.2× | -7.5% | +7.8% |
| Tingyi 0322.HK | Hong Kong | $9.59B | +17% | +4% | 9% | 14.1× | -12.9% | +2.4% |
| Coca-Cola FEMSA SAB de CV Sponsored ADR KOF | United States | $6.01B | +8% | +17% | 14% | 16.5× | -20.1% | +12.2% |
| Eastroc Beverage (Group) 605499.SS | China | $11.7B | -27% | +12% | 25% | 17.2× | -3.2% | +33.1% |
| Coca-Cola Consolidated COKE | United States | $13.8B | +19% | +11% | 13% | n/a | -1.3% | +7.6% |
| Coca-Cola Bottlers Japan 2579.T | Japan | $4.60B | +31% | -2% | 4% | 31.7× | 8.4% | +2.4% |
| Uni-President China 0220.HK | Hong Kong | $4.56B | +12% | +4% | 8% | 14.0× | -8.3% | +6.1% |
| Embotelladora Andina S.A. Sponsored ADR Pfd AKO-B | United States | $4.26B | +7% | +10% | 13% | 14.6× | -4.2% | +10.4% |
| Varun Beverages VBL.NS | India | $15.7B | -14% | +22% | 17% | 42.8× | 37.2% | +26.8% |
| Swire Pacific 0019.HK | Hong Kong | $17.0B | +23% | +7% | 12% | 11.4× | 6.9% | +2.9% |
| National Beverage FIZZ | United States | $3.48B | +6% | -2% | 18% | 19.2× | 3.4% | +1.9% |
| Coca-Cola HBC CCH.L | United Kingdom | $20.5B | -2% | +13% | 11% | 17.2× | 4.9% | +12.8% |
| SDIC Zhonglu Fruit Juice 600962.SS | China | $2.62B | -1% | +100% | n/a | n/a | n/a | n/a |
| Fomento Economico Mexicano SAB de CV Sponsored ADR FMX | United States | $26.1B | +7% | +18% | 9% | 24.2× | -6.9% | +13.8% |
| China Resources Beverage (Holdings) 2460.HK | Hong Kong | $2.27B | -14% | -19% | 6% | 18.1× | n/a | n/a |