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Screener / SEC EDGAR /CIK 0002042694 /10-K filed Feb 27, 2026, compared with Feb 27, 2025 /Numbers from the XBRL of the 10-Ks
Consumer staples peers:
DARINGRCHDPRMBMKCLW
NYSE Consumer staples · Beverages

Primo Brands Corp PRMB

PRMB quote by TradingView
Employees
12,600
Headquarters
Tampa, FL
CEO
Eric J. Foss
Next results
around Feb 25, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $6.7B through the costs to a net profit of $60.1M · income statement of the 10-K

6% operating margin
Revenue to Gross profit: $2.0BRevenue to Cost of revenue: $4.6BGross profit to Operating profit: $430.4MGross profit to Operating expenses: $1.6BOperating profit to Net profit: $60.1MOperating profit to Tax & other: $370.3M Revenue: $6.7B REVENUE $6.7B +29% Y/Y Gross profit: $2.0B · 30% margin GROSS PROFIT $2.0B 30% margin · +25% Y/Y Cost of revenue: $4.6B · 70% of revenue COST OF REVENUE $4.6B 70% of revenue Operating profit: $430.4M · 6% margin OPERATING PROFIT $430.4M 6% margin · +19% Y/Y Operating expenses: $1.6B · 24% of revenue OPERATING EXPENSES $1.6B 24% of revenue Net profit: $60.1M · 1% margin NET PROFIT $60.1M 1% margin Tax & other: $370.3M · 6% of revenue TAX & OTHER $370.3M 6% of revenue
Gross profit $2.0B 30% margin · +25% Y/Y
Operating profit $430.4M 6% margin · +19% Y/Y
Net profit $60.1M 1% margin
The full income statement, year by year

PRMB among Consumer staples peers

Six ratios from the latest 10-K. Each corner is the share of 63 peers the company is above, not a score.

Compare
Revenue growth: 29.3%, above 97% of 63 peers (their median 3.3%) REVENUE GROWTH 29.3% · above 97% Gross margin: 29.4%, above 42% of 60 peers (their median 33.9%) GROSS MARGIN 29.4% · above 42% Operating margin: 8.6%, above 43% of 58 peers (their median 9.3%) OPERATING MARGIN 8.6% · above 43% Net margin: 3.1%, above 37% of 63 peers (their median 4.5%) NET MARGIN 3.1% · above 37% FCF margin: 6.1%, above 38% of 63 peers (their median 8.0%) FCF MARGIN 6.1% · above 38% Return on capital: 2.9%, above 8% of 50 peers (their median 11.2%) RETURN ON CAPITAL 2.9% · above 8%
PRMB Peer median Below the median

What changed

8 new risk paragraphs. 10-K filed Feb 27, 2026 against Feb 27, 2025.

Risk factors
8 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Accounting checks
11 other checks clear
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 11 checks found nothing to note

  • Receivables -2.7% ($444.0M to $431.8M) vs revenue +29.3% ($5.2B to $6.7B), -32.1 pts apart
  • Cash from operations $680.3M vs net income $60.1M (FY ending Dec 31, 2025)
  • Inventory +7.2% ($208.4M to $223.5M) vs revenue +29.3% ($5.2B to $6.7B), -22.1 pts apart
8 more checks with nothing to note
  • Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No longer listed: Acquisition of Primo Water Corporation - Valuation of Customer Relationships. Same as last year: Valuation of Insurance Reserves
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

8 paragraphs in Risk Factors that were not in the 10-K filed Feb 27, 2025. Quoted as filed.

All 8 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
    In addition, we may pursue divestitures or other strategic transactions. Divestitures and other strategic transactions may not have the anticipated impact on our business, may negatively impact revenues and may make it difficult to generate cash flows to meet our cash requirements.
  2. Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
    Our business relies heavily on sustaining a strong reputation for product quality, safety, and effectiveness. Unfavorable publicity or shifts in consumer sentiment toward our offerings—or toward comparable products sold by others—can depress sales. Such negative attention can stem from concerns or perceptions related to product safety…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
    As a result of the Transaction, we have been, and may continue to be exposed to increased litigation from stockholders, customers, suppliers, consumers, and other third parties due to the combined company’s business following the Closing. For example, the Company and certain directors and officers have been named as defendants in a…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
    A lowering or withdrawal of the ratings assigned to us or our debt securities by rating agencies could increase our future debt issuance costs and reduce our access to capital. The debt ratings for our notes are below the “investment grade” category, which results in higher interest costs as well as a reduced pool of potential…

New risk paragraphs, against peers

Latest 10-K of each, Consumer staples companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$4.4B$4.7B$5.2B$6.7B
Net income−$126.7M$92.8M−$16.4M$60.1M
Operating cash flow$108.3M$320.9M$463.8M$680.3M
Free cash flow−$150.2M$117.3M$313.6M$302.9M

Revenue, FY2022 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$6.7B ▲ 29.3% in FY2025

FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Primo Brands Corp, Tampa, FL · from the 10-K filed Feb 27, 2026

Primo Brands is a leading North American branded beverage company focused on healthy hydration, delivering responsibly sourced diversified offerings across products, formats, channels, price points and consumer occasions, distributed in every U.S. state and Canada. We were organized as a Delaware corporation in 2024, initially under the name Triton US HoldCo, Inc. On November 8, 2024, Triton US HoldCo, Inc. completed a series of merger transactions involving BlueTriton and Primo Water, pursuant to which Primo Water and BlueTriton became wholly owned subsidiaries of Triton US Holdco, Inc. (including all related transactions, the “Transaction”). Triton US Holdco, Inc.

Headquarters
Tampa, FL
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Nov 5, 2026
Incorporated in
DE

Employees, at the top of the page: "As of December 31, 2025, we had over 12,600 associates" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Feb 27, 2026 (open at SEC), compared with the 10-K filed Feb 27, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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